Thats the question you should ask. The answer is in the last financial report.
Out of those more then 30 subsidiaries ZERO make money. Who cares how many we have if they don't make us any money. Henry collects MOU's and LOI's like my grandma used to collect trading stamps. They make for great PR's and talking points to pump the SP.....but the financials tell the whole story about the PHIL "subsidiaries"