Replies to post #99934 on PHI Group Inc (PHIL)

[gettingideas]

Lmaooo....

[mythical_phenix]

The marketable security phantasy keeps getting better and better. Now its up to $4 million:

Marketable securities held by the Company and classified as available for sale as of March 31, 2022 consisted of 91 post-split 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 March 31, 2022 was $4,088,905.



Securities available for sale Level 1 Level 2 Level 3 Total
March 31, 2022 None $ 205 $ 4,088,700 $ 4,088,905
June 30, 2021 None $ 5,792 $ 379,665 $ 385,457

[mythical_phenix]

The marketable security phantasy keeps getting better and better. Now its up to $4.088 million according to the most recent 10Q.

Yet MYSN is a shell and SPBV wants to morph into GLink where they sell coffee and velvet Elvis paintings I think. Oh, and they want a 1 to 500 reverse split, but FINRA still hasn't given the go ahead on that months later.

Marketable securities held by the Company and classified as available for sale as of March 31, 2022 consisted of 91 post-split 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 March 31, 2022 was $4,088,905.

Securities available for sale Level 1 Level 2 Level 3 Total
March 31, 2022 None $205 $4,088,700 $4,088,905

What is a level 3 evaluation you ask?
Answer: Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement.