Inscription on the Monument to Philip II outside Thessaloniki

Located about 5 miles outside Thessaloniki, initially surrounded by an infestation of Yellow Musk Creeper, the monument is an obelisk with the following inscription in Greek:

 Commemorating the eye of Philip Monoptholmus, lost not on the fields of
 Battle at Mehoni, but here, at the advice of his counselor, for wisdom, in
 the fifth year of his reign.

To the left of the text is an Egyptian eye hieroglyph.

Beneath the text is the following:

      c    b    was     ku

Upon discovery, the obelisk was summarily vandalized by certain members of the Danger Gang and now features a number of crude illustrations of kilroy and wangs.