The most inane PHI Group company issue of 2022 [see end of post for past 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.
Ramping up the authorized share count. 40 to 60 billion. Outstanding count? No one knows because... The lack of interest in filing required SEC reports. Missing the most recent 10K and 10Q. Verisealed. Remember, this was where 'RESTAURANTS CLICK TO RECIEVE [sic] FREE BAGS' and 'Company can generate over two hundred millions U.S. dollars in net profits per year'. Alas, website is defunct. The marketable securities. Valued at some $4,000,000. LOL! 91 shares of MYSN and 292 million shares SPBV. SPBV finally dumped but proceeds unknown. GLINK's Picasso paintings worth some $180 million with their official appraisals posted online. Cannot link, as that info has been removed. Buying KOTA and TTG. Maybe. Someday. With millions of actual dollars from... The Loans. Just won't go away. Neok and Geza nixed. Al Aqel, Arab League, Haj Finance, some kind of Crypto, an MOU with an investor in the GCC region (lol!) all still in play. The Carbon token. Even I couldn't not grasp this. A token with no discernable value of any kind manages to trade for months, then just up and disappears. Disgruntled lenders suing PHIL in NY State and receive default judgements.
But of course none of these compare to the true highlights of the year. Ready?
Number 3. Vinafilms. Was going to take us to the Q! Turned out to be much ado about nothing. Nixed. Number 2. The idea that Crown Bridge (slapped by the SEC) will be required to buy billions of PHIL shares as some sort of penance. And Darkpulse the same Number 1. The buyback but not just the buyback. The idea that some secretive entity called 'De Minimis Firms' is actually buying shares on behalf of PHIL to facilitate the buyback.