PHI Group Inc (PHIL)

[MasterFeldan]

Just a quick recap -

Glink is paying PHIL to bring them on to the US market in shares. PHIL also owned 31% of the company that Glink is merging with in order to come on to the US market. PHIL took out about 1 billion preferred shares recently. Shortly after (the same day, I believe), Glink all of a sudden showed 1 billion shares on their WY registration that they didn't have before. The speculation is that PHIL is expanding their position in Glink to at least 51%. They've done it in the past with Vinafilms and attempted to do so with Saigon Pho Palace. In other words... I'll give you 1 billion shares of PHIL if you sign over 51% of your company (the majority interest).

Image courtesy of DJK0689



If you want to do a search on the CEO of Glink, he has several different names that he goes by:
David Chinh Truong / David Truong Ngoc Chinh / Truong Ngoc Chinh / Chinh Trong Truong


In the last round of DD I had posted that the CEO estimated he had over $200 million worth of appraised paintings.

Here are his current listings


And here are JUST the Picasso’s he has listed.




Here are two of the Picasso’s listed above as well as one that is not currently listed.








Exit6, regarding his Picasso ownership, I understand your post better now. I found this when I was searching for the art critic that did the assessment.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163390335

I’ve tried to do some DD on her, but I can’t find her anywhere other than that site… which I wasn’t really expecting to. Unfortunately having a Faux News commentator with the same name didn’t help the search. The web address belonging to her that doesn’t work is also all over that website. I did a registry lookup and it says that the site doesn’t exist anywhere. It could be that they changed websites and let that one go defunct.

I’ve also tried to do some DD on the art he has listed. The only place I can find them is on his website. However, this is not uncommon, unusual or even all that alarming. Picasso was thought to have painted over 50,000 works in his lifetime. The largest collection I’ve found on a single site was 1,166.

I’m not big on investing in art, nor am I particularly savvy about the rules… but methinks if you’re going to spend THAT much on art… you’re probably not going to buy it online. You’re probably going to do it in person and you’re probably going to bring your own appraiser with you. I can tell you I’ve never bought a HOUSE without having an appraiser involved. And my house isn’t worth $30 million dollars. I think he knows this too (erm… not my house… appraising the art first before you buy it). Which is likely what the art gallery in Rosemead is for. Bear in mind too… that Rosemead is immediately east of LA. There is a lot of money in the area and a lot of art museums. If he tried to con people on this… he’d get slapped down pretty hard and his credibility even for his own artwork would be destroyed. Not only that… it would be a felony.

TLDR; There’s not much that exists in the way of extra DD on this but the consequences of selling a fake Picasso far surpasses the benefits and I have a hard time believing he would do that since it would be illegal and it would destroy everything he’s been working on. The risk of getting caught would be way too high.