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Sunday, April 18, 2021

Major Move on M&A Player PHIL (PHI Group) as Company Updates Filings and Looks to a National Exchange

PHIL (PHI Group) is making a powerhouse run up the charts in recent weeks skyrocketing off its triple zero lows to recent highs of $0.0146 per share. Since than PHIL has dipped significantly however now looks way oversold and has a significant gap to fill from current levels and is moving northbound in a hurry. PHIL has massive liquidity as legions of new shareholders accumulate emerging as one of the top most traded stocks in small caps. The stock took off in December as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than PHIL has.   PHIL Investors are looking for a return to previous highs and a powerhouse break over the $0.0146 mark entering a serious blue-sky breakout! On Friday FHIL management held an important ZOOM call with investors. 

PHIL management has been working hard behind the scenes getting all the Company’s filings up to date and has promised a 10k anytime now. PHIL states it has recently engaged a number of private equity firms to turbocharge inorganic growth by acquiring cash-flow positive companies that can add significant revenues and bottom lines to the Company. The Company expects to qualify for uplisting to a U.S. senior exchange like Nasdaq or NYSE after the closing of one or more of such acquisitions. Currently with $26 million in “investments” on the books PHIL has a number of operating subsidiaries currently producing revenues. Management states it cannot officially confirm its planned share buyback campaign until the Company filings have been released. Last year PHI Luxembourg-based subsidiary; PHI Luxembourg Development S.A., successfully activated the first-ever Luxembourg bank fund for the Vietnamese economy, PHILUX Global Funds a Reserved Alternative Investment Fund (RAIF).  

PHI Group, Inc. (the “Company” or “PHI”) is engaged in mergers and acquisitions as a principal ( www.phiglobal.com ). The Company has adopted plans to acquire established operating businesses in selective industries and invest in various ventures that may potentially create significant long-term value for our shareholders. In addition, the Company provides corporate finance services, including merger and acquisition advisory and consulting services for client companies through our wholly owned subsidiary PHI Capital Holdings, Inc. (www.phicapitalholdings.com ). Furthermore, the Company has been working to establish a Luxembourg Bank Fund in accordance with the “Reserved Alternative Investment Fund” (“RAIF”), known as PHILUX GLOBAL FUNDS, together with a number of sub-funds for agricultural, energy and real estate projects as well as other investments. 

PHI Group has recently engaged a number of private equity firms to turbocharge inorganic growth by acquiring cash-flow positive companies that can add significant revenues and bottom lines to the Company. The Company expects to qualify for up listing to a U.S. senior exchange like Nasdaq or NYSE after the closing of one or more of such acquisitions. 

According to the last 10k filed by PHIL the Companys owns the following subsidiaries: Abundant Farms, Inc., a Florida corporation (100%), American Pacific Resources, Inc., a Wyoming corporation (100%), ComMatrix, Inc., a Wyoming corporation (100%), Constructii SA Group, Inc., a Delaware corporation (100%), PHI Capital Holdings, Inc., a Nevada corporation (100%), PHI EZ Water Tech, Inc., a Wyoming corporation (75%), PHI Group Regional Center, LLC, a Florida limited liability company (100%), PHI Vietnam Investment and Development Company Ltd., a Vietnamese limited liability company (100%), and Phivitae Corporation, a Wyoming corporation (100%). 

PHI Capital Holdings, Inc., is a wholly owned subsidiary of the Company providing merger and acquisition (M&A) advisory services, consulting services, project financing, and capital market services to clients in North America and Asia. This subsidiary has successfully managed merger plans for several privately held and publicly traded companies and continues to focus on serving the Pacific Rim markets in the foreseeable future.  

American Pacific Resources, Inc. (“APR”) serves as a holding company for various natural resource projects. On September 2, 2017, APR entered into an Agreement of Purchase and Sale with Rush Gold Royalty, Inc. (“RGR”), a Wyoming corporation, to acquire a 51% ownership in twenty-one mining claims over an area of approximately 400 acres in Granite Mining District, Grant County, Oregon, U.S.A., in exchange for a total purchase price of twenty-five million U.S. Dollars ($US 25,000,000) to be paid in a combination of cash, convertible demand promissory note and PHI Group, Inc.’s Class A Series II Convertible Cumulative Redeemable Preferred Stock (“Preferred Stock”). This transaction was closed effective October 3, 2017. 

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Abundant Farms, Inc., subsidiary is engaged in organic farming activity. It seeks to acquire farmland, form joint ventures with governments and other farmers, and lease arable land to grow select crops and medicinal plants that potentially provide superior return on investment. It also plans to produce proprietary organic fertilizer and provides special water treatment systems by PHI EZ Water Tech, Inc. for its own organic farming program and for sale to farmers worldwide. As of the date of this report, Abundant Farms has not generated any revenue from operations. 

PHI Group Regional Center, LLC was formed on March 23, 2017 with the intention to manage a new EB-5 Regional Center in connection with the Company’s organic farming program, Abundant Farms, Inc., and other potential business activities in the State of Florida. On April 27, 2017, an I-924 application was filed with the United States Citizenship and Immigration Service (USCIS) for PHI Group Regional Center, LLC.  

PHI EZ Water Tech, Inc., a Wyoming corporation, is a majority-owned subsidiary of PHI Group that manages, manufactures and markets a portfolio of innovative water treatment systems and other products developed by Dr. Martin Nguyen for agriculture, healthcare and human consumption. As of the date of this report, PHI EZ Water Tech, Inc. has not generated any revenue from operation 

PHI GROUP INC (@PHIGROUP) | TwitterLast year PHI Luxembourg-based subsidiary; PHI Luxembourg Development S.A., successfully activated the first-ever Luxembourg bank fund for the Vietnamese economy, PHILUX Global Funds (www.philux.eu), a Reserved Alternative Investment Fund (RAIF). PHILUX Global Funds plans to create a number of subfund compartments over a period of time for investments in real estate, renewable energy, agriculture, healthcare and education in Vietnam. Initially, the fund intends to focus on the development of the Free-Trade Zone in the Chu Lai Open Economic Zone in Quang Nam Province, which will house the Chu Lai Multiple Commodities Center (CMCC) and the Asia Diamond Exchange (ADE), the first-ever rough diamond exchange to be established in the Asian Hemisphere comparable to the Antwerp (Belgium) and Dubai (UAE) exchanges. 

The Company would like to take this opportunity to thank Dr. Ben C. Smet – our fund structuring agent and global program manager, Messrs. Pierre Delandmeter and Yannick Deschamps of DLP Law Firm – our Fund attorneys, VCI Legal – our Vietnamese Attorneys, Hauck & Aufhauser – our custodian bank and alternative Investment Fund Manager (AIFM), Atoz Tax Advisers Luxembourg – our Luxembourg tax adviser, Ernest Young Luxembourg and Ernest Young Vietnam – our auditors, Cushman Wakefield Vietnam – our Vietnam independent valuator, PHILUX Capital Advisors, Inc. – our investment adviser and particularly The Luxembourg Financial Sector Supervisory Commission (CSSF), as well as our other committed friends and colleagues for their dedication, diligence, patience and support in the successful establishment and activation of our PHILUX Global Funds. 

Henry Fahman, Chairman of PHILUX Global Funds, stated: “We are very pleased to have reached this significant milestone in activating the first-ever Vietnam-related Luxembourg bank fund. Not only will Vietnam stand to benefit tremendously following the secular trend after the global coronavirus disruptions, but this will also provide excellent investment opportunities in our fund compartments as we undertake major initiatives that should bring rewards for our investors.” 

Ben Smet, the fund structuring agent, commented: “With great pride, I can announce the finalization and activation of PHILUX Global Funds. I thank Henry Fahman for his trust and confidence in me and my legal and negotiation teams. I look forward to continuing to cooperate successfully and in friendship with the authorities and government bodies in the Chu Lai Open Economic Zone, the Chairman of Quang Nam Province and his staff, as well as the Central Government in Hanoi to contribute to the well being of Vietnam. Vietnam is the gem of professionalism and beauty amongst all states and governments I have ever assisted.” 

https://twitter.com/Gunnarx2x/status/1367931327694184448

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PHIL (PHI Group) is making a powerhouse run up the charts in recent weeks skyrocketing off its triple zero lows to recent highs of $0.0146 per share. Since than PHIL has dipped significantly however now looks way oversold and has a significant gap to fill from current levels and is moving northbound in a hurry. PHIL has massive liquidity as legions of new shareholders accumulate emerging as one of the top most traded stocks in small caps. The stock took off in December as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than PHIL has. PHIL management has been working hard behind the scenes getting all the Company’s filings up to date and has promised a 10k anytime now. PHIL states it has recently engaged a number of private equity firms to turbocharge inorganic growth by acquiring cash-flow positive companies that can add significant revenues and bottom lines to the Company. The Company expects to qualify for uplisting to a U.S. senior exchange like Nasdaq or NYSE after the closing of one or more of such acquisitions. Currently with $26 million in “investments” on the books PHIL has a number of operating subsidiaries currently producing revenues. Management states it cannot officially confirm its planned share buyback campaign until the Company filings have been released. Last year PHI Luxembourg-based subsidiary; PHI Luxembourg Development S.A., successfully activated the first-ever Luxembourg bank fund for the Vietnamese economy, PHILUX Global Funds a Reserved Alternative Investment Fund (RAIF).  We will be updating on PHIL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PHIL.

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Disclosure: we hold no position in PHIL either long or short and we have not been compensated for this article.

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