KYcats on the amount in the LUX funds remember Hen
Post# of 4319
objective for getting qualified for the LUX FUNDS is
because of his dream to be the Holding Company for
the first ever DIAMOND EXCHANGE in Southeast Asia.
After the LUX FUNDs officially activate we'll have to see how the timeline for dolling out the FUNDS for that goes but there's
no question over time it will be in the $MILLIONS$ and $MILLIONS$
just to build the infrastructure, install the technology and set
up the logistics and hire the people
for trading DIAMONDS around the world.
I've actually seen the blueprints and it involves about
12 different buildings.
Remember the LUX charter clearly states once PHIL is qualified
there is NO LIMIT to the projects PHIL can initiate and
NO LIMIT to the DOLLAR amounts of those projects
as long as they meet LUX standards for viability and
we know PHIL already has plans beyond the ADE to do
projects in REAL ESTATE, RENEWABLE ENERY,
AGRICULTURE and a whole lot more.
As Scapes posted this morning and I agree with his
assessment we should expect PHIL to be holding
ASSETS on its balance sheet in the next 6 to 12 months
of over $600,000,000 !!