PHI Group Inc (PHIL)

[martindavis]

I read the 8-k and this is the most intriguing line
WHEREAS , it deems to be in the best interests of the Company and its shareholders to amend the Record Date and the dividend ratio to allow for a broader participation of the Company’s shareholders in the special dividend distribution.
To any sane mind, the interest of the shareholders is for those shareholders of record on June 30, 2018 (who all got screwed when he pushed the date from May 31 to June 30 because the stock tanked from 0.08 to 0.01 in one week) is to get the promised 1:5 dividend.
I have to assume that if Fahman has any semblance of morality, and is not the POS he has proven himself to be, he means that there is another date of record for people who want the 1:20 dividend, in which anyone who was holding on June 30 gets 1:5 and anyone holding this coming March will get 1:20.
Unless I'm wrong about the date of record thing. Either way, PHIL is a real POS stock