Stock ticker PHIL is an SEC registrant on the OTC Pink Sheet Market. As an SEC registrant, PHIL is required to file 3 10Qs and 1 10K yearly. PHIL is delinquent in filings and is susceptible to an SEC suspension without any warning to shareholders and that can happen at any time. Shareholders might want to ask the CEO why there are no recent SEC filings before asking any other questions about business opportunities.
This is one ticker I would not want to hold shares in; thus I don't.
If people want to trade these kind of stocks, it would be best to understand the SEC rules first, but I'll leave it at that.