Replies to post #92523 on PHI Group Inc (PHIL)

[Hydra_Crab]

Old financials, we’re most concerned with what’s happening this month and next year.

[KennyPro]

The Companies focus is on DEVELOPMENT right now and funding...Look at the immensity and nature of what they are setting out to do. It is going to take time to generate revenues on any massive scale. It will happen and asking questions to only create doubts is BS. You wait and see what this turns into. I know one thing, as unhappy as I am currently with the PPS here I will not be selling any of my shares for a good while. It takes time to do what henry has in the works. The way I see it he has over three years of funding coming in very soon with zero payment due and zero interest on the loan. THAT will give him funds needed to put things into motion and start a fair amount of the revenue generating works into action. Look past the end of your noses folks. This is a gold mine mini Berkshire Hathaway type business in the making. They are not even really breaking ground yet. Just a scratch on the surface, but things are getting done and the ducks are all being put in a row. Don't fall asleep with this one. Good days and years ahead here, we just have to wade through this mire for a bit longer...

[gemmerling]

Bottom line here... Go $PHIL

PHIL became basically a new company when this happened below.

https://www.globenewswire.com/en/news-release/2020/06/12/2047457/0/en/FIRST-EVER-VIETNAM-RELATED-LUXEMBOURG-BANK-FUND-LAUNCHED.html

PHIL will become a Mega Company when the below happens.

2. FINANCING CONTRACT AGREEMENT WITH HAJ FINANCE GROUP

Effective October 17, 2021 the Company signed a contract agreement with Haj Finance Group, a corporation registered in Oman, Hatat House Ground Floor, Ruwi, Muscat, Sultanate of Oman, for a financing program in the amount of $1,500,000,000 which carries an interest rate of 2.5% per annum for thirty-five years with a three-year grace period. The closing of this transaction is to occur after the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the Central Bank of United Arab Emirates (CBUAE). The Company intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the Company.

4. LOAN AGREEMENT DEED WITH NEOK FINANCIAL INCORPORATED

On November 14, 2021 the Company signed a Loan Agreement Deed with Neok Financial Incorporated, a corporation organized and existing under the laws of United Arab Emirates, with office address located at Trade Center Road, Bur Dubai, Dubai, United Arab Emirates, for a financing program in the amount of $2,000,000,000 which carries an rate of fixed interest of 2.00% per annum for the term of thirty-five (35) years. The closing of this transaction is subject to the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the appropriate oversight authorities. The Company intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, infrastructure, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the Company.

Source: https://www.otcmarkets.com/filing/html?id=15373064&guid=R9xwkqGyIg4Fdth