The most inane PHI Group company issue of 2021 [see end of post for last year's nominees].
As usual there are many worthy ones. I've listed my favorites in roughly chronological order but keep in mind that some of most preposterous are recurring themes.
The acquisition of Five Grain Treasure Spirits (for $100 million) The ADE token. With it 'Consumers will be able to design and purchase custom diamond jewelry and loose gemstones at significantly better prices'. But it gets better this year with 2.3 billion shares for Johnny Park and Whankuk Je for their expertise in developing the token. Teaming up with Hung Hung Thinh Group (can't make this up) to construct the ADE. The Carbon token. The Vinafilms revenue. Lol! Glink. They sell, what, coffee and velvet paintings of Elvis? The purchase of the KOTA operations. For $64 million.
But of course none of these compare to the true highlights of the year. Ready?
Number 3. The APR dividend. Still ain't happened. Curiously the previous purchase of the mines and mythical mining machine was revalued from $25 million to $462K. Number 2. The Buyback. But it's not just the never happening buyback. It's also the notion that some mysterious entities are actually doing the buyback on PHIL's behalf. Number 1. The $5.0 billion in loans. Easily the best of the year so far. Suspended websites quickly reincarnated with a whole host of duplicates. Actually pictured the deputy mayor of Philadelphia as one of the clients. Along with Apple. No phone numbers, but an email address. Lol!