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Saturday, May 28, 2022

PHI Group, Inc. (OTCMKTS: PHIL) Powerful Reversal Brewing as Co Makes Progress; Acquisition of Kota Energy & Construction, ADE Token & Asia Diamond Exchange

PHI Group, Inc. (OTCMKTS: PHIL) is one of the most talked about stocks on the OTCBB that has a significant global following so excited about the Company there is even a line of t-shirts with slogans such as $PHILLIONAIRE T-Shirt which is available for sale on Amazon. PHIL is also a staple amongst the top traded stocks on the OTC regularly trading over a billion shares when the stock was over a penny last year. PHIL has a lot of exciting projects under way; the Company is building the Asia Diamond Exchange; a modern bourse to be established in affiliation with the World Federation of Diamond Bourses (WFDB). It will be the first-ever vital rough diamond exchange in Asia, comparable to the diamond exchanges in Antwerp and Dubai (UAE). PHIL also launched an ADE token in South Korea in connection with the ADE. The Company is led by much loved CEO Henry Fahman a seasoned executive who has been the head of 11 different companies including Chairman & President of Providential Securities, Inc., and Resettlement Coordinator at United Nations High Commissioner for Refugees. Mr Fahman continues to accumulate most recently acquiring 400,000,000 shares of PHIL. Mr. Fahman has previously stated his intention of taking PHIL to a U.S. senior exchange like Nasdaq or NYSE in the future. 

According to recent 8k’s PHIL has been successful in raising money to build the planned Asia Diamond Exchange. PHIL signed a loan agreement deed with Neok Financial Incorporated, of United Arab Emirates for a loan program in the amount of $2,000,000,000 which carries a fixed preferred rate of annual interest for thirty-five years, to be repaid on a monthly basis over a period of 420 months. The Company also signed a contract agreement with Haj Finance Group, registered in Oman for a financing program in the amount of $1,500,000,000 which carries a fixed preferred rate of annual interest 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). On January 3 PHIL filed a “Profit Corporation Articles of Incorporation” with the Wyoming Secretary of State to incorporate “PHILUX GLOBAL ENERGY, INC.” as a wholly-owned subsidiary of the Company to serve as the holding company for the contemplated acquisition of fifty-point one percent (50.10%) ownership in both Kota Energy Group LLC and Kota Construction LLC, As reported the Company signed a Letter of Intent with KOTA Energy Group LLC and KOTA Construction LLC dated December 08, 2021 to acquire 50.1% of the equity interest of each of these companies which equity interest shall be common equity with economic rights pari-passu with that held by the founders of Sellers. The total purchase price for the transaction will be $64,125,000.

PHI Group, Inc. (OTCMKTS: PHIL) is primarily engaged in mergers and acquisitions, running PHILUX Global Funds, SCA, SICAV-RAIF, a “Reserved Alternative Investment Fund” (“RAIF”) under the laws of Luxembourg, and establishing the Asia Diamond Exchange in Vietnam. Besides, the Company provides corporate finance services, including merger and acquisition advisory and consulting services for client companies through our wholly owned subsidiary PHILUX Capital Advisors, Inc. (formerly PHI Capital Holdings, Inc.)  and invests in selective industries and special situations aiming to potentially create significant long-term value for our shareholders. PHILUX Global Funds intends to include a number of sub-funds for investment in agriculture, renewable energy, real estate, infrastructure, and the Asia Diamond Exchange in Vietnam. 

The Company is currently focused on PHILUX Global Funds, SCA, SICAV-RAIF by launching a number of sub-funds for investment in real estate, renewable energy, infrastructure, agriculture and healthcare and on developing and establishing the Asia Diamond Exchange in Vietnam. In addition, PHILUX Capital Advisors, Inc. (formerly Capital Holdings, Inc.), a wholly owned subsidiary of the Company, continues to provide corporate and project finance services, including merger and acquisition (M&A) advisory and consulting services for U.S. and international companies. Recently, the Company has signed a Memorandum of Agreement to acquire seventy percent ownership in Five-Grain Treasure Spirits Company, Ltd., a baiju distiller in Jilin Province, China. No assurances can be made that the Company will be successful in achieving its plans. 

As of October 12, 2021, the Company owned the following subsidiaries: (1) Asia Diamond Exchange, Inc., a Wyoming corporation (100%), (2) Empire Spirits, Inc., a Nevada corporation (85% – formerly Provimex, Inc.) (3) (4) PHILUX Global Funds SCA, SICAV-RAIF, a Luxembourg Reserved Alternative Investment Fund (100%), (4) PHILUX Capital Advisors, Inc., a Wyoming corporation (100%), (6) PHI Luxembourg Development S.A., a Luxembourg corporation (100%), (7) PHILUX Global General Partners SA, a Luxembourg corporation (100%), (8) PHI Luxembourg Holding SA, a Luxembourg corporation (100%), (9) PHI Vietnam Investment and Development Company Ltd., a Vietnamese limited liability company (100%), (10) Phivitae Healthcare, Inc. (100%), , (11) American Pacific Plastics, Inc., a Wyoming corporation (100%), (12) American Pacific Resources, Inc., a Wyoming corporation (100%), and (5) CO2-1-0 (CARBON) CORP., (51%), which aims to provide a solution in disruptive decentralized new carbon market system using blockchain-crypto technology and IoT which will be empowering environmentally sustainable projects (renewable energy/ waste/ agriculture/ forestry/ etc.) starting in Indonesia, Vietnam, other ASEAN countries, USA, and worldwide. It has a clear and systematic product development roadmap, and the ultimate milestones of the products estimated to be launched in the near future. The solution, methodology, and improved TACCC (transparent, accurate, consistent, complete, and comparable) business process originally introduced by CO2-1-0 (CARBON) will bring full impact to better environment and life of millions. Recently CO2-1-0 (CARBON) Corp.,signed a Memorandum of Understanding (“MOU”) with Solar EVN Ngoc Chau to cooperate in a new disruptive carbon mitigation program through worldwide environmentally sustainable projects. 

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PHIL

Asia Diamond Exchange – is a modern bourse to be established in affiliation with the World Federation of Diamond Bourses (WFDB). It will be the first-ever vital rough diamond exchange in Asia, comparable to the diamond exchanges in Antwerp (Belgium) and Dubai (UAE). Located in a Free-Trade Zone in Vietnam near an international airport in the new Global Multi-Commodities Center (“GMCC”) the ADE is a modern bourse to be established in affiliation with the World Federation of Diamond Bourses (WFDB) and fully compliant with the Kimberley attestation process. ADE membership will serve as a mark of distinction, opening doors and allowing access to those active in the diamond trade. The ADE ensures that its members will have the safety of only trading with reputable companies adhering to its compliance guidelines that are bound by a strict code of good business practices and ethics. 

PHIL recently announce the launch of the ADE token in South Korea in connection with the Asia Diamond Exchange. The token is designed to optimize transparency and fair pricing to the diamond industry to provide enhanced benefits to all stakeholders. By validating transactions on a blockchain, there are no chances of counterfeiting or substandard pieces. Consumers will be able to design and purchase custom diamond jewelry and loose gemstones at significantly better prices by using the ADE tokens. The ADE tokens will be deflationary by setting aside profits to purchase and burn tokens as well as systematically continuing the buy-back of PHIL stock on an ongoing basis in the future. International investors may purchase and trade the tokens once they are listed on top exchanges such as Coinbase and Binance. 

Empire Spirits, inc (fomerly Provimex, inc) was originally incorporated as a Nevada corporation on September 23, 2004, Entity Number C25551-4, to engage in international trade. On 9/26/2021, the company changed its name to Empire Spirits, Inc. as the holding company for the acquisition of seventy percent (70%) ownership in Five-Grain Treasure Spirits Company, Ltd., a baiju distiller in Jilin Province, China. PHI Group, Inc., through Empire Spirits, Inc. will provide additional required capital for Five-Grain to fully execute its business plan. The budget for this transaction will be one hundred million U.S. dollars (USD 100,000,000), to be paid in three tranches. The Company will complete the due diligence of Five-Grain before signing a Definitive Agreement for the consummation of this transaction, which is scheduled to close by the end of 2021. Baijiu is a white spirit distilled from sorghum. It is similar to vodka but with a fragrant aroma and taste. It is currently the most consumed spirit in the world. Mainly consumed in China, it is gaining popularity in the rest of the world. Five-Grain specializes in the production and sales of spirits and the development of proprietary spirit production processes. It also possesses a patented technology to grow red sorghum for baiju manufacturing. The patented grain produces superior yield and quality. Five-Grain is a reputable bulk alcohol supplier to some of the largest spirits companies in the world. 

On December 20 PHIL announced it has signed a consulting agreement with Vietnam-based Cat Tuong Agricultural Processing Production Co. Ltd. (“CT Farm”) to assist this enterprise to become a publicly traded company and establish production facilities in the United States of America. According to the agreement, PHI Group, Inc. will be responsible for assisting CT Farm to list on the U.S. Nasdaq Stock Market, acquire farmland to set up production facilities in the Southeast region of the U.S. and secure up to one billion U.S. dollars’ long-term financing for CT Farm to expand and grow the company in the global marketplace. PHI Group, Inc. will receive cash and stock from CT Farm for services rendered in connection with this agreement. 

https://twitter.com/StocksTurbo/status/1481885942877233156

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PHIL is one of the most talked about stocks on the OTCBB that has a significant global following so excited about the Company there is even a line of t-shirts with slogans such as $PHILLIONAIRE T-Shirt which is available for sale on Amazon. PHIL is also a staple amongst the top traded stocks on the OTC regularly trading over a billion shares when the stock was over a penny last year. PHIL has a lot of exciting projects under way; the Company is building the Asia Diamond Exchange; a modern bourse to be established in affiliation with the World Federation of Diamond Bourses (WFDB). It will be the first-ever vital rough diamond exchange in Asia, comparable to the diamond exchanges in Antwerp and Dubai (UAE). PHIL also launched an ADE token in South Korea in connection with the ADE. The Company is led by much loved CEO Henry Fahman a seasoned executive who has been the head of 11 different companies including Chairman & President of Providential Securities, Inc., and Resettlement Coordinator at United Nations High Commissioner for Refugees. Mr Fahman continues to accumulate most recently acquiring 400,000,000 shares of PHIL. Mr. Fahman has previously stated his intention of taking PHIL to a U.S. senior exchange like Nasdaq or NYSE in the future. According to recent 8k’s PHIL has been successful in raising money to build the planned Asia Diamond Exchange. PHIL signed a loan agreement deed with Neok Financial Incorporated, of United Arab Emirates for a loan program in the amount of $2,000,000,000 which carries a fixed preferred rate of annual interest for thirty-five years, to be repaid on a monthly basis over a period of 420 months. The Company also signed a contract agreement with Haj Finance Group, registered in Oman for a financing program in the amount of $1,500,000,000 which carries a fixed preferred rate of annual interest 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). On January 3 PHIL filed a “Profit Corporation Articles of Incorporation” with the Wyoming Secretary of State to incorporate “PHILUX GLOBAL ENERGY, INC.” as a wholly-owned subsidiary of the Company to serve as the holding company for the contemplated acquisition of fifty-point one percent (50.10%) ownership in both Kota Energy Group LLC and Kota Construction LLC, As reported the Company signed a Letter of Intent with KOTA Energy Group LLC and KOTA Construction LLC dated December 08, 2021 to acquire 50.1% of the equity interest of each of these companies which equity interest shall be common equity with economic rights pari-passu with that held by the founders of Sellers. The total purchase price for the transaction will be $64,125,000. We will be updating on PHIL so make sure you Subscribe 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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