Jaunly,
No shareholder likes additional shares, but I hope that you realize that the new count is the authorized shares, not the issued and outstanding ones. Big difference.
Diluting pinksheet companies normally have a great deal of authorized shares, and if PHGI wants to continue diluting, I, for one, already knew that they would have to increase their authorized. The new authorized count is still very, very low for diluting operations.
And yes, I can hear it now....the jeers and catcalls that will make fun of the thought that PHGI will continue diluting. Let them jeer and catcall all they want...it will not change the truth.
GLTY.