PHI Group Inc (PHIL)

[KYCats]

Every new share converted and put into circulation reduces the value of the shares you hold since the value of the company is divided into more shares. In reality, although the value of your shares is decreased, investors perceptions may still move the stock up if they believe the future prospects of the company outweighs the number of increased shares. As a rule of thumb though, more outstanding shares is always worse than fewer outstanding shares. Just think where the PPS would be if those buying the new shares were buying already issued shares. GLTU!