PHI Group Inc (PHIL)

[mythical_phenix]

Today I learned from the twits at stocktwits that Big Henry has created yet another company: Kingdom Commission.
This one is actually pertinent, as it is a non-profit, which is something the PHIL has proven itself to be quite adept at its entire existence:

KINGDOM COMMISSION NONPROFIT
Company Number
2023-001223287
Status
Active
Incorporation Date
13 February 2023 (about 1 month ago)
Company Type
Nonprofit Corporation
Jurisdiction
Wyoming (US)

Directors / Officers
HENRY D FAHMAN, incorporator

Can't help but be reminded of this and I have to wonder of course if there is any relationship between the two:

From the 10Q for the quarter ending 9/30/2022 we learn the following:

During the quarter ended September 30, 2022, the Company issued the following short-term notes: $180,000 with Alvah & Doris Veit Foundation for administrative fees paid on behalf of the Company in connection with a financing program, $54,959 with two shareholders, $25,000 with Legacy Environmental Solutions, and $50,000 with Tin Thanh Group. The balance of these new short-term notes as of September 30, 2022 was $299,959.

Alvah & Doris Veit Foundation. What in the world?
http://veitfoundation.org/WordPress/about-us/

The Foundation’s mission is two-fold. First, to provide Academic Grants to graduates of Camden, NJ High Schools who are entering college in pursuit of an Engineering degree.

The second purpose is to provide Grants for Christian Evangelical Missions [501- (c)(3)] that are actively sharing the Gospel of Jesus Christ.