Replies to post #108357 on PHI Group Inc (PHIL)

[Militia Man]

PHIL Not a mention of 3% origination fee on the $3 billion for investment in different transactions at the companies discretion. For those that are challenged with math, fabricating 3% out of thin air is definitely a challenge.. lol Good try though.. Even if it were true it wouldn't be $45 million it would be $90 million. .FOCUS on the math.. Then FOCUS some more. lol ~ MM


SECTION 8 - OTHER EVENTS

Item 8.01 Other Events.

1. Joint Venture/Partnership Agreement (Fund Management MOU) between an investor in the Gulf Cooperation Council region and PHILUX Global Group, Inc. (a/k/a PHI Group, Inc.)



On July 08, 2022, the registrant signed a Joint Venture/Partnership Agreement (Fund Management MOU) with an investor in the Gulf Cooperation Council region to manage an initial amount of Three Billion United States Dollars (USD 3,000,000,000) for investment in different transactions chosen and advised by the registrant for a period of ten years. According to the Agreement, after the first twenty four months of investment implementation, the registrant will be allocated 40% of the net profit from these investments.



SECTION 9 – FINANCIAL STATEMENTS AND EXHBITS



Item 9.01 Financial Statements and Exhibits



Due to the nature of strict confidentiality and non-disclosure agreement, a hard copy of the Joint Venture/Partnership Agreement (Fund Management MOU) will be submitted directly to the Securities and Exchange Commission.







SIGNATURE



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Dated: August 22 2022



PHI GROUP, INC.
(Registrant)

By: /s/ Henry D. Fahman
Henry D. Fahman
Chairman and CEO

The 'loan' agreement reads like some kind of backyard kid's club bylaws. lol! Plus there is a 3% origination/underwriting fee. For those of you math challenged, that's 45 million dollars. Right.
--

[Exit6]

Most epic fraud ever...

http://www.hajfinancegrouponline.com/services1.html