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PHI Group, Inc. (OTCMKTS: PHIL) Curled Tight as M&A Player Launches ADE Token in Connection with Asia Diamond Exchange, Signs Massive Loan Agreements & Eyes National Exchange

PHI Group, Inc. (OTCMKTS: PHIL) is curled up tight and in accumulation phase as it hovers below the penny mark averaging $500,000 in daily trading volume…

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PHI Group, Inc. (OTCMKTS: PHIL) is curled up tight and in accumulation phase as it hovers below the penny mark averaging $500,000 in daily trading volume and supported by its massive international following. PHIL is among the most searched for stocks in small caps too and it’s so popular there is even a $PHILLIONAIRE T-Shirt for sale on Amazon. The stock is regularly among the top traded stocks on the OTBB. Visionary CEO Henry Fahman continues to accumulate on the open market most recently acquiring 400,000,000 shares of PHIL has now brought the Company to “pink current” status. In the most recent press release from the Company announced CO2-1-0 (CARBON) Corp., its subsidiary, signed an MOU with Solar EVN Ngoc Chau to cooperate in a new disruptive carbon mitigation program through worldwide environmentally sustainable projects. According to the MOU, Solar EVN and CO2-1-0 (CARBON) will cooperate in acquiring carbon credits from Solar EVN’s projects and from other project owners in Vietnam. Carbon credits will be digitalized into Carbon Tokens using blockchain-crypto technology and deploying IoT. The Taskforce on Scaling Voluntary Carbon Markets (TSVCM), sponsored by the Institute of International Finance (IIF) with knowledge support from McKinsey, estimates that demand for carbon credits could increase by a factor of 15 or more by 2030 and by a factor of up to 100 by 2050. Overall, the market for carbon credits could be worth upward of $50 billion in 2030. 

PHIL CEO Henry Fahman is a seasoned executive who has been the head of 11 different companies including Chairman & President of Providential Securities, Inc., and Resettlement Coordinator at United Nations High Commissioner for Refugees. Henry Fahman has previously stated his intention of taking PHIL to a U.S. senior exchange like Nasdaq or NYSE. As CEO of PHIL he has been moving like a big board CEO recently announcing up to $3.5 billion in funding according to the 2 8k filed last month; the Company signed a loan agreement deed with Neok Financial Incorporated, of United Arab Emirates for a loan program in the amount of $2,000,000,000 which carries a fixed preferred rate of annual interest for thirty-five years, to be repaid on a monthly basis over a period of 420 months. The Company also signed a contract agreement with Haj Finance Group, registered in Oman for a financing program in the amount of $1,500,000,000 which carries a fixed preferred rate of annual interest for thirty-five years with a three-year grace period. The closing of this transaction is to occur 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). PHIL intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the Company. The Company also recently launched its ADE token in South Korea in connection with the Asia Diamond Exchange; 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). Investors are looking for a break over $0.0198 to mark the start of the next run up the charts. 

PHI Group (www.phiglobal.com, PHIL) primarily focuses on advancing PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”) (www.philux.eu), and building the Asia Diamond Exchange (“ADE”) in Vietnam. The Company also engages in mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value. . PHIL has a powerhouse management team behind it; PHIL 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.  

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). The Company has launched an 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. 

PHIL continues to diversify recently acquiring a 70% stake 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.

The Company has been busy cementing one deal after another; they signed an MOU with TPP Holdings Group an established Vietnamese company specializing in real estate investment, development and construction. TPP Holdings will 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. Management believes this partnership will bring tremendous benefits to all the stakeholders, including the diamond-producing countries and the people and economy of Vietnam. 

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Earlier this month PHIL signed a Business Cooperation Agreement with Digital Solutions Company, Ltd., a Vietnam-based company, to cooperate in developing technical solutions for a variety of industries, including real estate, energy, agriculture and healthcare using digital, blockchain and crypto technologies. Digital Solutions will immediately assist CO2-1-0 (CARBON) CORP to launch the new disruptive carbon mitigation initiative in the coming weeks and also support PHI Group with technological solutions for the Asia Diamond Exchange to be established in Vietnam, as well as jointly advance a number of special projects.

CO2-1-0 (CARBON) Corp., signed a MOU with SuperGreen Solutions to cooperate in a new disruptive carbon mitigation program through worldwide environmentally sustainable projects. According to the MOU, SuperGreen and CO2-1-0 (CARBON) will cooperate in acquiring carbon credits from SuperGreen’s projects and from other project owners in the United States of America. Carbon credits will be digitalized into Carbon Tokens using blockchain-crypto technology and deploying IoT. 

On November 29 PHIL announce CO2-1-0 (CARBON) Corp., its subsidiary, has signed a Memorandum of Understanding (“MOU”) with Solar EVN Ngoc Chau (www.solarngocchau.com) to cooperate in a new disruptive carbon mitigation program through worldwide environmentally sustainable projects. According to the MOU, Solar EVN and CO2-1-0 (CARBON) will cooperate in acquiring carbon credits from Solar EVN’s projects and from other project owners in Vietnam. Carbon credits will be digitalized into Carbon Tokens using blockchain-crypto technology and deploying IoT. Solar EVN will provide project data to be processed into CARBON’s data processing center and also support CARBON’s due diligence processes. Solar EVN will be CARBON’s representative for Vietnam’s market. 

According to the United Nation Framework Convention on Climate Change (UNFCCC), together with the Paris agreement and Kyoto protocol in 2016, Vietnam has actively participated and agreed to maintain the earth temperature not to exceed by 1,5 degrees Celsius by 2030. The greenhouse gases (GHG), mainly CO2, CH4, N2O, SF6, HFCs, PFCs, are the root cause of global climate change, each of which can be calculated as CER (CO2 Emission Reduction) equivalent. 

Currently, CER is being tediously registered, validated, and certified centrally under UNFCCC methodology by a few independent institutions, mostly in the US and Europe, where the CER later can be traded (as carbon credits) voluntarily. For the past 5 years, the market for carbon credits has been nearly zero, and due to complexity of the processes, many companies/ projects have less appetite to be engaged in the carbon credit opportunity. Many environmentally sustainable projects (renewable energy/ waste/ agriculture/forestry/ etc.) have failed to get financial support especially at the initial/ development stage, due to the above reasons, causing less economic value of the project or delays. 

The Taskforce on Scaling Voluntary Carbon Markets (TSVCM), sponsored by the Institute of International Finance (IIF) with knowledge support from McKinsey, estimates that demand for carbon credits could increase by a factor of 15 or more by 2030 and by a factor of up to 100 by 2050. Overall, the market for carbon credits could be worth upward of $50 billion in 2030. The Company encourages qualified investors to participate in our CARBON token private sale in the coming weeks (starting December 1, 2021). This CARBON token sale will nourish the new carbon credit ecosystem. 

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PHIL is curled up tight and in accumulation phase as it hovers below the penny mark averaging $500,000 in daily trading volume and supported by its massive international following. PHIL is among the most searched for stocks in small caps too and it’s so popular there is even a $PHILLIONAIRE T-Shirt for sale on Amazon. The stock is regularly among the top traded stocks on the OTBB. Visionary CEO Henry Fahman continues to accumulate on the open market most recently acquiring 400,000,000 shares of PHIL has now brought the Company to “pink current” status. In the most recent press release from the Company announced CO2-1-0 (CARBON) Corp., its subsidiary, signed an MOU with Solar EVN Ngoc Chau to cooperate in a new disruptive carbon mitigation program through worldwide environmentally sustainable projects. According to the MOU, Solar EVN and CO2-1-0 (CARBON) will cooperate in acquiring carbon credits from Solar EVN’s projects and from other project owners in Vietnam. Carbon credits will be digitalized into Carbon Tokens using blockchain-crypto technology and deploying IoT. The Taskforce on Scaling Voluntary Carbon Markets (TSVCM), sponsored by the Institute of International Finance (IIF) with knowledge support from McKinsey, estimates that demand for carbon credits could increase by a factor of 15 or more by 2030 and by a factor of up to 100 by 2050. Overall, the market for carbon credits could be worth upward of $50 billion in 2030. PHIL CEO Henry Fahman is a seasoned executive who has been the head of 11 different companies including Chairman & President of Providential Securities, Inc., and Resettlement Coordinator at United Nations High Commissioner for Refugees. Henry Fahman has previously stated his intention of taking PHIL to a U.S. senior exchange like Nasdaq or NYSE. As CEO of PHIL he has been moving like a big board CEO recently announcing up to $3.5 billion in funding according to the 2 8k filed last month; the Company signed a loan agreement deed with Neok Financial Incorporated, of United Arab Emirates for a loan program in the amount of $2,000,000,000 which carries a fixed preferred rate of annual interest for thirty-five years, to be repaid on a monthly basis over a period of 420 months. The Company also signed a contract agreement with Haj Finance Group, registered in Oman for a financing program in the amount of $1,500,000,000 which carries a fixed preferred rate of annual interest for thirty-five years with a three-year grace period. The closing of this transaction is to occur 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). PHIL intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the Company. The Company also recently launched its ADE token in South Korea in connection with the Asia Diamond Exchange; 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). Investors are looking for a break over $0.0198 to mark the start of the next run up the charts. 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.

 

On November 29 PHIL announced CO2-1-0 (CARBON) Corp., a subsidiary of the Company, has signed a Memorandum of Understanding (“MOU”) with Solar EVN Ngoc Chau (www.solarngocchau.com) to cooperate in a new disruptive carbon mitigation program through worldwide environmentally sustainable projects. According to the MOU, Solar EVN and CO2-1-0 (CARBON) will cooperate in acquiring carbon credits from Solar EVN’s projects and from other project owners in Vietnam. Carbon credits will be digitalized into Carbon Tokens using blockchain-crypto technology and deploying IoT. Solar EVN will provide project data to be processed into CARBON’s data processing center and also support CARBON’s due diligence processes. Solar EVN will be CARBON’s representative for Vietnam’s market. 

According to the United Nation Framework Convention on Climate Change (UNFCCC), together with the Paris agreement and Kyoto protocol in 2016, Vietnam has actively participated and agreed to maintain the earth temperature not to exceed by 1,5 degrees Celsius by 2030. The greenhouse gases (GHG), mainly CO2, CH4, N2O, SF6, HFCs, PFCs, are the root cause of global climate change, each of which can be calculated as CER (CO2 Emission Reduction) equivalent. 

Currently, CER is being tediously registered, validated, and certified centrally under UNFCCC methodology by a few independent institutions, mostly in the US and Europe, where the CER later can be traded (as carbon credits) voluntarily. For the past 5 years, the market for carbon credits has been nearly zero, and due to complexity of the processes, many companies/ projects have less appetite to be engaged in the carbon credit opportunity. Many environmentally sustainable projects (renewable energy/ waste/ agriculture/forestry/ etc.) have failed to get financial support especially at the initial/ development stage, due to the above reasons, causing less economic value of the project or delays. 

The Taskforce on Scaling Voluntary Carbon Markets (TSVCM), sponsored by the Institute of International Finance (IIF) with knowledge support from McKinsey, estimates that demand for carbon credits could increase by a factor of 15 or more by 2030 and by a factor of up to 100 by 2050. Overall, the market for carbon credits could be worth upward of $50 billion in 2030. 

Nhien Van Huynh, Deputy CEO of Solar EVN Ngoc Chau, stated: “Solar EVN Ngoc Chau is proud to partner with CO2-1-0 (CARBON) CORP and PHI Group, Inc. in supporting not only in Vietnam but also in across Mekong regional efforts to be the global leader in reaching Net Zero Carbon Emissions.” 

Choky Simanjuntak, Founder and CEO of CARBON, added: “We are warm-hearted and delighted to work together with Solar EVN. Our carbon credits solution with blockchain-crypto technology and IoT will fuel thousands of Solar EVN projects and help Vietnam to reach net zero carbon target accordingly. This is a real action and real example on following up recent COP26-Glasgow. 

We encourage qualified investors to participate in our CARBON token private sale in the coming weeks (starting December 1, 2021). This CARBON token sale will nourish the new carbon credit ecosystem. Therefore, we believe our mutual cooperation with Solar EVN may change the life of many people across the globe.” 

PHI Group, Solar EVN Ngoc Chau and CO2-1-0 (CARBON) held a conferance call back on November 30. 

CO2-1-0 (CARBON) CORP (www.co2-1-0.io) aims to provide a solution in disruptive decentralized new carbon market system using blockchain-crypto technology and IoT which will be empowering environmentally sustainable projects (renewable energy/ waste/ agriculture/ forestry/ etc.) starting in Indonesia, Vietnam, other ASEAN countries, USA, and worldwide. It has a clear and systematic product development roadmap, and the ultimate milestones of the products estimated to be launched in the near future. The solution, methodology, and improved TACCC (transparent, accurate, consistent, complete, and comparable) business process originally introduced by CO2-1-0 (CARBON) will bring full impact to better environment and life of millions. 

About Solar EVN Ngoc Chau 

Solar EVN Ngoc Chau (www.solarngocchau.com) is a growing renewable energy company that is innovatively working to serve commercial and residential clients in achieving their sustainability goals. Solar EVN is committed to providing easily accessible, quality solutions to overcome the environmental dangers that face our planet. The company takes pride in providing the right access to technology, strategic guidance and ongoing support to its clients. 

About PHI Group 

PHI Group (www.phiglobal.com, PHIL) primarily focuses on advancing PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”) (www.philux.eu), and building the Asia Diamond Exchange (“ADE”) in Vietnam. The Company also engages in mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value.  

  

  

 

The post PHI Group, Inc. (OTCMKTS: PHIL) Curled Tight as M&A Player Launches ADE Token in Connection with Asia Diamond Exchange, Signs Massive Loan Agreements & Eyes National Exchange first appeared on Micro Cap Daily.

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