PHI Group Inc (PHIL)

[mythical_phenix]

Marketable securities held by the Company and classified as available for sale as of December 31, 2021 consisted of 905,000 shares of Myson Group, Inc. (formerly Vanguard Mining Corporation) 292,050,000 shares of Sports Pouch Beverage Co., both of which are publicly-traded companies quoted on the OTC Markets (Trading symbols “MYSN” and “SPBV,” respectively). The fair value of the shares recorded as of December 31, 2021 was $3,804,795.

This from 10-Q for quarter ending 12/31/2021.

Lol. MYSN was a dormant company taken over by some dude named Peterson who restructured it. From the most recent 10Q.

Trading symbol: MYSN
Exact title and class of securities outstanding: Common stock
CUSIP: 628635 10 4
Par or stated value: $.00001
Total shares outstanding: 69,778 as of December 9, 2021

I think this takes into account the 1:10000 reverse split which has not been deemed effective yet by FINRA

PHIL claims they own 905,000 shares. Curious.

As for Sports Pouch Beverage Co. This apparently worthless entity is apparently being reincarnated as GLink (lol!) with a 1:500 reverse split. That has not happened yet.

So what is the true value of these holdings? My guess it is far far closer to 0 than 3.8 million.
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