From 10Q "OnDecember 01, 2018, PHI Capital Holding

From 10Q "OnDecember 01, 2018, PHI Capital Holdings, Inc., a wholly-owned subsidiary of PHI Group, Inc., signed a consulting service agreementwith DIO Group Joint Stock Company to provide consulting services on a non-exclusive basis to take DIO Group public on the U.S.Nasdaq Stock Market and assist DIO Group in its capitalization plan. DIO Group has agreed to set aside a budget of $4,000,000 and allocate fifteen percent of the new public company’s stock for PHI Capital Holdings, Inc. and its service provider sin connection with this agreement. The consulting service agreement was amended on March 8, 2019 to include an extension of the payment of the consulting service fees. As of the date of this report, DIO Group has not made any payment to the Company according to the agreement."


So PHIL still has $4,000,000 coming to them in consulting
service fees for bringing DIO to an IPO and PHIL gets 15% of
DIO stock when it IPOs !!! Nice !!!