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Replies to post #114408 on PHI Group Inc (PHIL)
mythical_phenix
02/22/23 1:10 PM
#114421 RE: mythical_phenix #114408
During the quarter ended September 30, 2022, the Company issued the following short-term notes: $180,000 with Alvah & Doris Veit Foundation for administrative fees paid on behalf of the Company in connection with a financing program, $54,959 with two shareholders, $25,000 with Legacy Environmental Solutions, and $50,000 with Tin Thanh Group. The balance of these new short-term notes as of September 30, 2022 was $299,959.
During the quarter ended December 31, 2022, the Company issued the following short-term notes; $155,000 with Tin Thanh Group, $100,000 with Tristina Lam and $8,500 with Steve Truong. The balance of short-term notes as of December 31, 2022 was $950,880.
1.2 Repayment of loans. PGG covenants to repay the outstanding principal amounts currently due TTG totaling Two Hundred Five Thousand U.S. Dollars (USD 205,000) and Twenty-Eight Thousand EUR (28,000 EUR) plus accrued and unpaid interest before February 10, 2023, irrespective of the Closing of said Stock Transfer Agreement