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  4. Phi Group Inc (PHIL) Message Board

From 10Q "OnFebruary 13, 2019, European Plastic Jo

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Post# of 4319
(Total Views: 279)
Posted On: 05/20/2019 9:47:01 PM
Posted By: WinstonNC
Re: WinstonNC #364
From 10Q "OnFebruary 13, 2019, European Plastic Joint Stock Company, a Vietnamese company, signed an agreement with PHI Group, Inc. to participatein an energy sub-fund of PHILUX Global Funds, a master Luxembourg bank fund scheduled to be activated in the first calendar quarterof 2019. According to the agreement, European Plastic Co. will contribute $2,000,000 as a general partner in the energy sub-fundand hold 49.50% of the general partner shares in this subfund. European Plastic Co. is the developer of two solar energy projectsin Phu Yen Province, Vietnam. On March 5, 2019, both parties agreed to amend the total amount to be paid by European Plastic Companyto be $1,800,000 for its agreement to expedite the second installment payment towards the contract. As of March 31, 2019, theCompany has received a total of $800,000 from European Plastic Company towards the total contract amount."


So PHIL has another $1,000,000 coming to them to complete
this contract agreement.

That's $5,000,000 total from last two deals coming to PHIL
in the weeks ahead. That's enough CASH to start nice
BUYBACK program of shrs!




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