PHI Group Update from CEO Henry Fahman September 14, 2017
September 14 2017 - 11:00AM
InvestorsHub NewsWire
Dear PHI Group Valued Shareholders,
In my last update, I covered our continuing efforts to manage and
eliminate convertible debt in our Company. This is very important
to our business from the standpoint of appreciation of our equity
in the marketplace.
At the same time, we have had a significant number of transactions,
which we have announced through the newswires and posted on our
website and social media. (USOTC:
PHIL)
I understand that investors are looking for us to quantify these
transactions. It is important that we do so to illustrate the value
proposition in ownership of our Company’s stock. It is not easy to
place specific valuations on some of the business transactions we
have not completed but over the course of more updates, I will
cover valuations as best I can while remaining within the bounds of
the law and regulations as put forth by the regulatory
agencies.
American Pacific Resources, Inc. Mining Claims and HYMAX HD
Processing Technology
I will begin with our most recently announced definitive Agreement of Purchase and Sale
to acquire a 51% interest in twenty-one mining claims over an area
of 400 acres in Granite Mining District, Grant County, Oregon
through our wholly owned subsidiary, American Pacific Resources,
Inc. (APR).
The precious metals on this property have long been considered
inaccessible and economically unfeasible because of the money,
time, effort and overall difficulty to extract the metals. However,
through APR, we have the technology to economically extract these
precious metals through HYMAX HD processing technology. Without
this technology, these metals would remain in the ground for
eternity.
The potential valuation of this property considering the precious
metals which include gold, silver, platinum, and palladium could be
as high as $3,000,000,000 at current prices. For the next
three years, we expect to generate $6 million in revenue from 6,300
ounces of gold that will be recovered in 2017, $53 million from
54,750 ounces in 2018 and $107 million from 109,500 ounces
2019. These numbers can be higher if we increase the scales
of operation.
Abundant Farms
In the first quarter of this year, we announced the definitive
contract to acquire a 408-acre farm in Holmes County, Florida,
U.S.A. for Abundant Farms, Inc., a wholly owned organic farming
subsidiary of PHI Group. The 408-acre farm includes equipment,
buildings, barns, water rights and everything needed to go into
production. We plan to close this purchase in the winter or
sooner in order to start cultivating for the next growing
season.
Abundant Farms plans to use a combination of proprietary enhanced
bioavailable nutrient and natural symbiotic immune systems without
chemical pesticides and synthetic fertilizers, together with
innovative water conditioning mechanism provided by PHI EZ Water
Tech to initially grow select plants that can be used for medicinal
purposes like bitter melon (momordica charantia), turmeric (curcuma
longa) and saffron (crocus sativus). All these plants
have great medicinal attributes and command much higher prices than
regular crops. For bitter melon alone, we expect to generate
$18 million in revenues and $4.3 million in net profit in 2018, $36
million revenues and $9.8 million net profit in 2019, and $53
million revenues and $14.5 million net profit in 2020. For
turmeric, the estimated revenues and net profits will be $1.2
million and $817,000 for 2018, $24.4million and $16.8 for 2019, and
$48.9 and $33.7 in 2020, respectively.
Abundant Farms will continue to purchase and lease more farmland as
well as cooperate through joint venture agreements with landowners
to increase its capacity in the U.S. and selective countries in the
future. The Company’s PHI Group Regional Center will also
provide opportunities for international investors to participate in
its organic farming project through the EB-5 Investor Visa
Program.
PHI EZ Water Tech
PHI EZ Water Tech, a majority-owned subsidiary
of PHI Group, has completed the designs of proprietary water
treatment systems and will start producing the units for sale to
the agriculture market.
Developed by Dr. Martin Nguyen, a
Vietnamese-American scientist, these water treatment systems are
environmentally friendly, cost-effective and require no energy to
operate. They have been proven to greatly benefit the health of
livestock and quality of plants, induce seed germination and
increase crop yields.
These systems are among a series of
products developed by Dr. Nguyen using quantum technology in a
combination of disciplines including applied physics, applied water
science, biological system engineering and agricultural economics.
Incorporating complex electromagnetic force, advanced oxidation,
electrocoagulation and ultrasound, they can reduce water
consumption by up to 30% and fertilizer usage by 30%-50% while
boosting crop yields by 30%-50%. The water produced from
these systems is also good for human health and able to stabilize
water environments to increase yields for aquatic and wet paddy
farming.
PHI EZ Water Tech expects to generate $12.5 million in revenues and
$3.4 in net profits in 2018. For 2019 the estimated revenues
and profits will be $25 and $6.8 million, respectively.
Over the coming weeks, I will continue to update investors on
additional transactions as they progress and will make every effort
to quantify what these transactions mean for the Company and its
investors.
Thank you for your time and I appreciate your patience while we
build our Company. I will keep you informed…
Best regards and blessings,
Henry Fahman
CEO
PHI GROUP, INC.
henry@phiglobal.com
Safe
Harbor
This update
contains forward-looking statements that are subject to certain
risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of such
forward-looking statements pursuant to the “safe-harbor” provisions
of the Private Securities Litigation Reform Act of
1995.
PHI (PK) (USOTC:PHIL)
Historical Stock Chart
From Mar 2024 to Apr 2024
PHI (PK) (USOTC:PHIL)
Historical Stock Chart
From Apr 2023 to Apr 2024