A U.S.-based mining and exploration enterprise focused on acquiring and developing precious metal, base metal and industrial mineral properties, Phi Mining Group Inc. (PHIG.PK) has recently been involved in the stock promotion. It made an agreement with Investors Voice and paid 200,000 shares. At the present price of $0.51, that would be about $100,000. In my opinion, that’s rather much for a company like this.
PHIG does not have to file its annual or quarterly financial statements to the SEC, so the real situation of the company isn’t clear. In addition, it’s unknown where PHIG stock is going. If you looked at the chart, you would notice highly illiquid trading. Shall this stock promotion make any effect on this?