PHI Group, Inc. (OTC: PHIL) continues to move steadily higher with power in recent days since popping north in recent trading. PHIL has emerged in recent months as an investors favorite and is currently among the most actively searched and talked about stocks in small caps. Currently under heavy accumulation PHIL is moving steadily northbound with many new investors buying in every day. PHIL is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.00146 and its blue skies ahead.
There are a lot of catalysts at play as PHIL continues to make big moves. Management has been working hard behind the scenes trying to get the stock “pink current” The Company recently engaged a number of private equity firms to turbocharge inorganic growth by acquiring cash-flow positive companies that can add significant revenues and bottom lines to the Company. The Company expects to qualify for up listing to a U.S. senior exchange like Nasdaq or NYSE after the closing of one or more of such acquisitions. Currently with $26 million in “investments” on the books PHIL has a number of operating subsidiaries currently producing about $300,000 per month in revenues. Vinafilms is producing Revenue and since PHIL closed this deal in this Q PHIL will show many revenues on the next Q report. Management states it cannot officially confirm its planned share buyback campaign until the Company filings have been released. Last year PHI Luxembourg-based subsidiary; PHI Luxembourg Development S.A., successfully activated the first-ever Luxembourg bank fund for the Vietnamese economy, PHILUX Global Funds a Reserved Alternative Investment Fund (RAIF).
PHI Group, Inc OTC: PHILis primarily focusing on the operations of PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”), and the development of the Asia Diamond Exchange (“ADE”) in Vietnam. Established in 1982, PHI Group, Inc also provides M&A advisory and consulting services to domestic and international clients through its wholly-owned subsidiary PHI Capital Holdings, Inc.
PHIL recently filed its 10k in an effort to become “pink current” on OTCMarkets.com. The filing states the Company owns the following subsidiaries: Abundant Farms, Inc., a Florida corporation (100%), American Pacific Resources, Inc., a Wyoming corporation (100%), ComMatrix, Inc., a Wyoming corporation (100%), Constructii SA Group, Inc., a Delaware corporation (100%), PHI Capital Holdings, Inc., a Nevada corporation (100%), PHI EZ Water Tech, Inc., a Wyoming corporation (75%), PHI Group Regional Center, LLC, a Florida limited liability company (100%), PHI Vietnam Investment and Development Company Ltd., a Vietnamese limited liability company (100%), and Phivitae Corporation, a Wyoming corporation (100%).
PHI EZ Water Tech, Inc., a Wyoming…