Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 85

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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 bear interest rates from 5% to 12% per annum, mature within one year, are convertible to
common stock of the Company at a discount ranging from 42% to 50%, and may be repaid within 180 days at a prepayment premium ranging
from 130% to 150%.

9

COMPANY’S
PLAN OF OPERATION FOR THE FOLLOWING 12 MONTHS

In
the next twelve months the Company’s goals are to close the pending agreements for loan financing, asset management, partnership,
joint venture, and memorandum of understanding with international investor groups as mentioned above, advance the Philux Global Select
Growth Fund under Philux Global Funds SCA, SICAV-RAIF, develop the Asia Diamond Exchange in Vietnam in conjunction with International
Financial Center, commercialize the geomagnetic energy technologies, implement the business cooperation agreement with Saphia Alkali
JSC, as well as consummate and integrate some acquisitions and invest in targets that should add critical mass to the Company. In addition,
the Company will continue to carry out its merger and acquisition program by acquiring target companies for a roll-up strategy and also
invest in special situations. We will also continue to provide advisory and consulting services to international clients through our
subsidiaries Philux Global Advisors, Inc. and Philux Capital Advisors, Inc.

MATERIAL
CASH REQUIREMENTS: We must raise substantial amounts of capital to fulfill our plans for investment in the Asian Diamond Exchange, the
International Financial Center, the geomagnetic energy technology, and for acquisitions. Besides the financing agreements mentioned above,
we intend to use equity, debt and project financing to meet our capital needs for acquisitions and investments as needed.

Management
has taken action and formulated plans to meet the Company’s operating needs through June 30, 2025 and beyond. The working capital
cash requirements for the next 12 months are expected to be generated from management fees, operations, sale of marketable securities
and additional financing. The Company plans to generate revenues from its consulting services, merger and acquisition advisory services,
and acquisitions of target companies with cash flows.

AVAILABLE
FUTURE FINANCING ARRANGEMENTS: The Company may use various sources of funds, including investment management agreements, short-term loans,
long-term debt, equity capital, and project financing as may be necessary. The Company believes it will be able to secure the required
capital to implement its business plan.

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT