PHI Group Inc (PHIL)

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With so many acronyms, and things going on, it is understandable why there could be confusion.

The share issue dividend is for American Pacific Resources (APR), and the ratio is to receive 1 share of common APR stock for every 20 shares of common PHIL stock held on June 30, 2021. So, for every 1 million PHIL shares held on June 30, 2021, the number of APR shares issued would be 50,000.

As per the 8-K from 12-29-20, this is what it says:

“NOW, THEREFORE, BE IT RESOLVED, that the Company further extend the Record Date to June 30, 2021 and reiterate the provisions for the afore-mentioned stock dividend as follows: (a) Eligible shareholders: In order to be eligible for the above-mentioned special stock dividend, the minimum amount of Common Stock of PHI Group, Inc. each shareholder must hold as of June 30, 2021 (the New Record Date) is twenty (20) shares; (b) Dividend ratio: All eligible shareholders of Common Stock of the Company as of the new Record Date will be entitled to receive one (1) share of Common Stock of American Pacific Resources, Inc. for every twenty (20) shares of Common Stock of PHI Group, Inc. held by such shareholders as of the new Record date; and (c) Payment Date: the Payment Date for the distribution of the special stock dividend to be ten (10) business days after a registration statement for said special stock dividend shares is declared effective by the Securities and Exchange Commission.”