PHI Group Inc (PHIL)

[stockrockin]

A phantom share or synthetic however one wants to refer to a fake naked shorted version ( to a real shareholder ) is the same as a real share.

With the issue of a dividend ( fake ) shares come to light without question.

Even in the case of a share count the probability of many not sending in the proxy is high, therefore leaving the share count to be skeptical unless numbers are still greater than the float.

With a dividend, well, who isn't going to respond to that...

Not 100% how it all works, just know it's an "Oh shit" moment for a naked shorter.