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Post# of 20076
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tr8dervic

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tr8dervic

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Re: None

Monday, 10/30/2006 2:57:38 PM

Monday, October 30, 2006 2:57:38 PM

Post# of 20076
According to the filings, the convertible can convert into common with 10 days notice. There doesn't appear to be any 144 restrictions on the converted stock. This all started 8/17/06 so a TA count if possible would be informative.

>>D. STOCK AWARD


You will be granted a Stock Award of 500,000 shares of Asia Global Holdings Corp. Series A Convertible Preferred Stock (“Preferred Shares”), convertible at 1 Preferred Share to 200 shares of Asia Global Holdings Corp. Common Stock (“Common Shares”). This award is payable upon the execution of this Agreement. The conversion, of any or all of the Preferred Shares, will take place 10 days after written notice by Executive is given to the Board of AAGH.<<

The right to convert started on 9/1/06.

It also appears that the 10 day notice can be waived:

http://www.sec.gov/Archives/edgar/data/1171689/000114420406044132/v055866_ex3-1.htm

This reminds me of UPDA when the CEO granted himself and assoc. 100 million shs at .01 when the o/s was only 62 mln shs and the pps was at .25 area. O/S now 195 mln+ and pps ~.075

Good luck,

Vic






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