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Wednesday, December 1, 2021

PHI Group, Inc. (OTCMKTS: PHIL) Surging Northbound as Co Reports Significant Financing Deal & Launches ADE Token in Connection with Asia Diamond Exchange

PHI Group, Inc. (OTCMKTS: PHIL) is surging up the charts after the Company made several significant announcements including the launch of the ADE token in South Korea in connection with the Asia Diamond Exchange. The 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 and Dubai (UAE).  The Company also signed a contract agreement with Haj Finance Group, a corporation registered in Ruwi, Muscat, Sultanate of Oman, for a loan financing program in the amount of $1,500,000,000 with a preferred interest rate for thirty-five years and a three-year grace period according to PHIL press release. 

Microcapdaily first reported on PHIL back on March 6 when the stock was in the $0.004 range. Since than we have reported on the Company many times where we discussed in depth the Company and its subsidiary funds. Since than PHIL has ran to $0.0198 highs which is currently the price to beat and confirmation of another huge leg northbound. We reported on PHIL as the CEO Henry Fahman (who has recently acquired over 400,000,000 shares of PHIL) worked hard to bring the Company to “pink current” which has recently been accomplished leaving PHIL fully compliant and reporting. The stock has a huge following; as we stated in a previous article; PHIL looks to be embarking on a new upward trajectory that could propel this stock into a new stratosphere. Currently under heavy accumulation PHIL has massive liquidity as legions of new shareholders accumulate emerging as one of the top most traded stocks in small caps. The stock has an enormous international following, there are 100’s of thousands of penny stock speculators that trade the stock, it’s so popular there is even a $PHILLIONAIRE T-Shirt for sale on Amazon. A break over $0.0198 and its blue skies ahead for PHIL.  

PHI Group, Inc. (OTCMKTS: PHIL) is focused on advancing PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”), and developing the Asia Diamond Exchange (“ADE”) in Vietnam. PHIL has a powerhouse management team behind it; The Company is led by CEO Mr. Henry Fahman a top-level executive who has more than 30 years’ experience in general management, finance, investments and corporate strategy and is a graduate from Harvard Business School. Previously, Mr. Fahman served as a Resettlement Coordinator for the United Nations High Commissioner for Refugees. Currently Mr. Fahman is chairman of the board and CEO of PHIL and all its subsidiaries.   

In our last article on PHIL we covered the Company’s MOU to acquire 70% ownership in Five Grain Treasure Spirits Co., Ltd., a company with over one hundred years of tradition in Jilin Province, China. This is a unique, special situation transaction that is expected to create substantial value for the Company, its shareholders and all stakeholders. According to the Five-Grain development plan, once the acquisition is completed, the company will follow a three-prong growth strategy to reach 200,000,000 liters of bulk spirits per year to supply to other beverage companies and develop its own brand using proprietary manufacturing methods and preferred distribution channels.

Just last week PHIL announced 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. 

The 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) 

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Located in a Free-Trade Zone in Vietnam near an international airport in the new Global Multi-Commodities Center (“GMCC”) similar to the Dubai Multi-Commodities Centre (https://www.dmcc.ae/), 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. 

On October 29 PHIL reported TPP Holdings Group (aka Hung Hung Thinh Group), a Vietnamese company specializing in real estate investment, development and construction with a long successful corporate history (www.tppholdingsgroup.com), has signed a Memorandum of Understanding (MOU) with the Company to participate in the Luxembourg real estate fund and cooperate in the development and construction of the Multi-Commodities Center and the Asia Diamond Exchange in Vietnam. 

According to the MOU, TPP and PHIL will expeditiously sign definitive agreements to consummate these transactions. Both parties expect to execute the definitive agreements as early as next week to expedite the process. 

The ADE’s tender and auction services will play an important role in the Vietnam diamond trade, matching the right goods from seller to buyer. The ADE will have the optimal infrastructure to host diamond tenders, using state of the art facilities, equipment and personnel to ensure secure, transparent tenders for the benefit of the seller and buyer. 

On another note, effective October 17, 2021 the Company signed a contract agreement with Haj Finance Group, a corporation registered in Ruwi, Muscat, Sultanate of Oman, for a loan financing program in the amount of $1,500,000,000 with a preferred interest rate for thirty-five years and a three-year grace period. The closing of this transaction is expected to occur shortly 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). We intend to use the funds to develop and construct the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, to finance selective projects in the areas of real estate, renewable energy, healthcare, and for investment opportunities in connection with our PHILUX Global Funds and other clients.  

Henry Fahman, Chairman and CEO of PHI Group, Inc., affirmed and reiterated: “We look forward to cooperating with TPP to expedite the construction of the ADE and the Multi-Commodities Center in Vietnam. Similar to the successes of the Dubai Multi-Commodities Centre and the Dubai Diamond Exchange, we believe this will also bring tremendous benefits to all the stakeholders, including the diamond-producing countries, the people and economy of Vietnam, international diamantaires, companies and businesses that will come to the zone, consumers, and our own shareholders and investors.” 

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PHIL is surging up the charts after the Company made several significant announcements including the launch of the ADE token in South Korea in connection with the Asia Diamond Exchange. The 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 and Dubai (UAE).  The Company also signed a contract agreement with Haj Finance Group, a corporation registered in Ruwi, Muscat, Sultanate of Oman, for a loan financing program in the amount of $1,500,000,000 with a preferred interest rate for thirty-five years and a three-year grace period according to PHIL press release. Microcapdaily first reported on PHIL back on March 6 when the stock was in the $0.004 range. Since than we have reported on the Company many times where we discussed in depth the Company and its subsidiary funds. Since than PHIL has ran to $0.0198 highs which is currently the price to beat and confirmation of another huge leg northbound. We reported on PHIL as the CEO Henry Fahman (who has recently acquired over 400,000,000 shares of PHIL) worked hard to bring the Company to “pink current” which has recently been accomplished leaving PHIL fully compliant and reporting. The stock has a huge following; as we stated in a previous article; PHIL looks to be embarking on a new upward trajectory that could propel this stock into a new stratosphere. Currently under heavy accumulation PHIL has massive liquidity as legions of new shareholders accumulate emerging as one of the top most traded stocks in small caps. The stock has an enormous international following, there are 100’s of thousands of penny stock speculators that trade the stock, it’s so popular there is even a $PHILLIONAIRE T-Shirt for sale on Amazon. A break over $0.0198 and its blue skies ahead for PHIL. 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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