PHI Group Inc (PHIL)

[mythical_phenix]

This has to be the funniest thing I have read with regards to PHIL in some time (from the gildex website and white paper). The perpetual motion power generator and the elixir of life water announcements don't even come close.

GILDEX licenses its proprietary GOLD CONCENTRATION technologies that allows gold producers to increase gold production. Combined with entering into SMART GOLD CONTRACTS, GILDEX is able to acquire gold at below 50% of market prices.
...
American Pacific Resources Company (APR), is headquartered in 5348 Vegas Drive, Las Vegas, Nevada 89108. The company’s main activity is gold mining exploitation. APR’s gold mine has been independently proven with a 20-billion- USD gold valuation. APR not only possesses a large gold mine, but also owns a proprietary technology (named Hymax HD).
Representative: Mr. Johnny Park, CEO.
APR HYMAX HD TECHNOLOGY
APR has developed a breakthrough technology that is able to reap huge gains from worthless material. Traditional concentrators use gravity to separate and concentrate their gold rich feedstock, but leave behind much of the gold that is sized ~3 micron diameter and below. The HYMAX system uses a combination of gravity and electromagnetic relays to recover +96% of all metals.
With our core technologies, APR is able to maximize profit where it would not be feasible for other companies. Our proprietary HYMAX HD Technology is able to concentrate low gold bearing materials to up to 1000:1. ]Making almost any waste material incredibly profitable[/b.
APR is expanding operations to a 500 tons per day facility which will be capable of producing over 100,000 ounces of gold annually, valued at more than $120,000,000.

You just can't lose:

Implementation methods:
For example, at the time of the ICO, investors invested 1,000 USD to buy GLXX at $ 0.85/GLXX, but due to any unforeseen conditions, the GLXX, after being listed on the exchange, falls below $ 0.85 and Investors want to recoup their investment. The investor can request redemption and exchange the GILDEX Smart Gold Certificate for gold at 50% of the market listed price.
For example, if the market price is $1,200USD/ounce, Investors will be able to receive at $ 600/ounce, so the total gold investors buy is 1.7 ounces. Therefore, the value that investors will receive: 1.7 ounces x 1,200 dollars = 2,040. USD).

LMAO!!!