Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You are correct, I am not making any CENTS!
From my prospectus more IAGI shareowner and company stimulation is required.
I still own shares from 9/2009 and do not appreciate this Company not performing.
Each shareowner has a different reason to buy-Hold-Sell.
Z your are really not making sense.
Asura was downgraded to the lowest tier on the OTC, not good.
They cannot end the public offering without a buyout or a total de-listing after bankruptcy. Asura can basically stay listed here on the pinks without ever having to report anything. Hopefully that will change soon, until then it just a waiting game to see our fate.
I have been here since the days IA Global was trading on the American stock exchange as IAO, been through the entire ride to the bottom. I still believe Zest Home is a very successful lucrative Japanese company, hopefully I'm right. This is an extremely speculative play and information is hard to find.
Stockdaug,
Did you send out any written message to Asura Development Group?
Did they respond to your correspondence?
Great IAGI has activity it was place on OTC!
Will they now end public share offering?
Downgraded a Tier Saturday to OTC Pink NO INFORMATION
Seriously, common Asura
I just tried too, says "Number disabled", somewhat concerning, but maybe a temporary thing. The site was down for about a month earlier this year.
You can call the Chairman/CEO Directly:
http://www.sola-research.com/resources/Brian_Hoekstra-bio.pdf
cell phone: +1-480-239-8712
email: hoekstra@aol.com
There are no filing requirements for Pink sheets. I believe Asura will follow through on the plan laid out in October, just taking longer than previously anticipated. Some news will come out this month. Patience z.
Peasodos Did you reply ?
"When your on the Pink sheets like Asura, you don't need to file with the SEC?"
Then investopedia.com is not true!
http://www.investopedia.com/ask/answers/06/listonotcbb.asp
The only stipulation the OTCBB has identified is that any company that has an OTC security quoted on the board must not be delinquent in its filings to the Securities and Exchange Commission.
Interesting why they are so quiet!
*************
Have you tried to write to them explaining it has been years!
Asura Development Group, Inc
15300 North 90th Street Suite 200
Scottsdale, AZ 85260
We now need stronger glasses to read our monitor.
Next step will to be increasing the monitor font size!
Write to them ask if they need good strong American workers?
Write to them to show investors want to keep investing and trading the Company shares.
Maybe they are in a different time ZONE?
I know they moved from CA, and the number for their new office in AZ is disconnected.
Asura Development Group, Inc should be more day-to-day trading activity.
I must obtain more shares.
Builders Best Japan Stocks Since Quake: Riskless Return
Zest is the only hope for Asura.
Bloomberg Reports
Construction companies posted the best risk-adjusted returns among Japanese stocks since the country was struck by a record earthquake and tsunami almost two years ago, as the government rebuilt infrastructure and a new administration seeks to stimulate economic growth.
The Topix Construction Index returned a risk-adjusted 2 percent at the end of last month since March 10, 2011, the day before the disaster, best among 33 industry groups in the Topix Index, according to BLOOMBERG RISKLESS RETURN RANKING. The construction gauge had the best total return and the ninth- lowest volatility, allowing the industry to outperform food and pharmaceutical companies, as well as the Bloomberg World Engineering & Construction Index.
Enlarge image Builders Best of Japan Stocks Since 2011 Quake
Companies such as Obayashi Corp., the nation’s biggest builder by market value, are poised to benefit from 3.8 trillion yen ($41 billion) pledged for rebuilding and disaster prevention by Prime Minister Shinzo Abe’s new government on Jan. 11, on top of 19 trillion yen already budgeted. A tunnel collapse that killed nine people in December added impetus for infrastructure investment, a policy staple during the Liberal Democratic Party’s almost six decades of rule.
“The LDP will aim for steady economic growth in an orthodox way,” said Masaru Hamasaki, chief strategist at Toyota Asset Management Co., which oversees about 1.79 trillion yen. “Public works investment will be robust in the long-term when you consider the government’s plan to strengthen infrastructure. That’s highly likely to give construction companies a stable revenue source.”
Volatility
The 94-member Topix construction group had a total return of 41 percent including dividends since the day before the earthquake through last month. The gauge’s volatility was 21 during that span, compared with the average of 26 for the 33 Topix groups.
The Bloomberg World Engineering & Construction Index, a capitalization-weighted index of leading engineering and construction stocks, had a risk-adjusted 0.3 percent loss in the same period.
The Topix, the broadest measure of Japanese equities, gained 0.3 percent in that period, adjusting for price swings. Pharmaceutical companies had the second-best return at 1.9 percent. The construction gauge traded at 18.2 times estimated earnings, compared with 19.7 for the Topix, which capped a 12- week advance on Feb. 1, the longest weekly winning streak since 1973.
Industry Politics
Construction companies were fed by the rebuilding binge after World War II. Large builders contributed generously to Liberal Democratic Party candidates during Japan’s ascent to economic superpower. Bridges and roads to nowhere are a testament to how central building projects are to the party’s economic policy.
Taro Aso, the son of a cement magnate and a former prime minister, was last month named Japan’s finance chief. He joined family company Aso Industries in 1966 and rose to president and chief executive of Aso Cement Co. before entering politics in 1979, according to his website.
During his 12 months as prime minister through September 2009, Aso compiled three extra budgets worth about 20 trillion yen, abandoned a target to balance the budget by March 2012 and distributed a 12,000 yen-per-person cash handout. Among the elements in Aso’s record 15.4-trillion yen stimulus package unveiled in April 2009 was 12.4 billion yen to get rid of fishing gear dumped by foreign boats and 400 million yen for cutting down trees to keep “beasts and birds” out of towns.
Riskier Assets
Abe’s stimulus may stoke concern about the new government’s commitment to fiscal reform given that Japan’s public debt is more than twice the size of the economy.
“You can’t keep expanding public works when you think about Japan’s fiscal situation,” said Isao Kubo, a Tokyo-based equity strategist at Nissay Asset Management Corp., which oversees about 5 trillion yen. “There’s been support for construction stocks since the earthquake, but I don’t think it will last long.”
The construction group has advanced 23 percent since Nov. 14, when national elections were announced on optimism a new government would spend more on infrastructure. While the gauge rose to a five-year high last month, brokerages and steelmakers did even better as investors sought riskier assets amid a 30 percent rally in the Topix.
‘Short-Term Correction’
“The sector may be in a short-term correction after rising too fast and a weaker yen gives preference to export-related stocks,” said Masahiro Mochizuki, a Tokyo-based analyst at Credit Suisse Group AG.
The 2011 earthquake was the biggest in Japan’s history, exceeding the Kobe temblor on Jan. 17, 1995. The construction group had a 0.6 percent risk-adjusted return in the year after Kobe, the eighth-highest among the Topix’s 33 groups, according to data compiled by Bloomberg.
“Back then, people viewed public works as wasteful spending,” Mochizuki said. Now, “public opinion is supportive of maintaining and repairing infrastructure after cutting back too much.”
Even before the quake and the elections, construction was among the top industries by risk-adjusted return. Volatility for construction shares tends to be low because they’re among so- called defensive stocks whose earnings are resilient to global economic cycles, Mochizuki said.
Housing Incentives
Builders had the second-best risk-adjusted return among industry groups in the Topix since the end of 2007 as of yesterday, trailing only rubber companies.
With the LDP in power again, builders may also benefit as the government considers extending a mortgage tax break and other incentives to purchase a home. Home purchases may rise before consumption-tax increases begin in 2014, according to Akihiro Tsunoda, a Tokyo-based senior investment manager at Sompo Japan Nipponkoa Asset Management Co., which oversees about 300 billion yen.
Daiwa House Industry Co., a home builder, is the heaviest weighed stock in the Topix Construction Index. The stock has surged 40 percent since elections were announced in November.
“The political wind and aging infrastructure are positive for the sector,” Tsunoda said. “We are hearing about housing tax breaks. There may also be last-minute buying ahead of a sales tax hike. Sales outlook won’t be bad at least for the next few years.”
Did you call the right number, relocated to Arizona, no longer in California.
I emailed ir@asuradevelopment.com abut 2 weeks ago and got a response same day from Brian the Chairman/CEO.
I asked:
When to expect the ticker symbol change?
He said:
Our expectation is now April 2013.
Then I asked:
Do you expect to complete audit and reporting requirements/file financials by April 2013?
Never got a response, didn't bother asking again.
Asura's fiscal year ended March 31st. The company needs to catch up on 2.5 years worth of financials. For the Japanese subsidiary's I'm sure they will have many years to audit to bring the books up to par with US regulatory standards.
I have managed to cost average down to $0.21 since 2010, wasn't easy buying at these levels, lack of liquidity. I wouldn't recommend this company to anyone, but I'm willing to take the risk, been a long time coming, good or bad I'm here till the end.
Telephone number is disconnected, no earnings like the october press release stated there would be.Everybody gone, turn the lights out when you leave..JMHO
If the company really does do $40 million in Revenue a year, I would not sell at least till Asura uplist's to NASDAQ(goal the chairman thinks is attainable in 2014).
I have been here for a long time, my cost average per share is around 20 cents. I will react accordingly based on what happens. If the company reports good financials and everything else seems solid I will hold onto Asurs for the longterm.
So I don't have any particular number for a sell price.
What would be your sell price?
I estimate when the share price ever reaches $1.00 again that will be my sell price to balance out.
When your on the Pink sheets like Asura, you don't need to file with the SEC.
All the SEC filings for Asura is HERE
We have been waiting long time for news/sec filing. We have no idea whats going on with the company since October. Just a waiting game.
I did try using Google a few times and also received nothing that was worth the effort.
Now I use other resources.
Today March 15, 2013 Asura was 8¢ went down to 4¢.
I tried to place my few G’s of 5¢ purchases and then no activity afterwards.
As I text before I would like to Sell and purchase a few times every week!
Are they play domino’s or Chinese checkers and to busy playing games to maintain a serious business?
I notice Company’s based out of US do not need to file Security Exchange Commission reports.
This company claims to be America based, or not?
Unfortunately Google does not tell us that much. I Google, check sec filings, and a few message boards at least once a week, still unable to find anything significant.
I prefer to stay away from any Company (Google) that spams me.
About 2 hours of my life went into a search..
http://www.fc-johnny.jp/
http://www.fc-johnny.jp/shop.htm
famicon shop johnny
Used Game Store in Japan - Super Famicom Section
What were Zest Home and Johnny 2012 Financial reports?
Company has not files there reports.
The company has not filed any financial reports for the last 2.5 years.
Are they not English published?
There are not published anywhere yet. They just reengaged financial auditors last October, so far we have not heard anything.
I am learning…..
The reason for the change of the Company’s name, as determined by the Board, was to better reflect the Company’s ongoing Asian business sectors, and business as contemplating during its current restructuring.
With Ia Global, I was able to buy and sell regular.
With Asura Development Group, Inc All I am able to do is buy, like 90% of the time. As for the sell, Asura does not trade my sell.
I think Asian business sectors believe Americans are wealthy and all they do is invest. Asura Development Group, just wants to receive money not pay it out. Maybe that is why their web page and a few other business costs required haven’t been paid.
What were Zest Home and Johnny 2012 Financial reports?
Are they not English published?
Asura's fiscal year ends March 31'st. Shareholder's have been in the dark for about 2.5 years now. Whats starting to concern me is why the ticker symbol hasn't changed and what problems the company is facing now. It would be nice if the company could release a PR and update us on the status of several critical issues.
Search the World Wide Web, in general search for Asura Development.
As any advertising company/business of construction and clean technology.
-------------------------------------------------------------
If you go directly to:
Zest Home Japanese Website
Johnny Japanese Website
Asura Development SEC Filings
You will find Asura Development at/in the above.
-------------------------------------------------------------
Now!
Search the World Wide Web, in general search for Asura Development.
As any advertising company/business of construction and clean technology.
Fred
Use Google Translate to view.
Asura Development owns 60% of Johnny and 100% of Zest.
Zest Home Japanese Website
Johnny Japanese Website
Asura Development SEC Filings
In the US the company is headquartered at an office in Arizona, the CEO's hometown.
Asura Development
15300 N. 90TH STREET
SUITE 200
SCOTTSDALE AZ 85260
415-946-8828
Curious if they ever registered the Company in Japan?
I cannot locate the company in the U.S.A.
Fred
Slight Sign of hope.
The website is back online:
http://www.asuradevelopment.com/
Not selling, just holding onto what I have.
Peasodos, is your plan to wait, or ignore this IAGI Company?
Are you still selling and buying?
I do see activity sparse, and small volume trades. I am attempting to do more low volume buying and selling. If I can move a few shares in and out every week, that would please me.
zzz_male
I really don't think existing investors can do anything to change the trading situation. Most would consider this company high risk. They haven't reported financials in years, when they did it was always delayed, and there is no proof of any actual profits.
We have just gotten glimmers of hope here and there with the PR's. Until this company finally files audited financials or releases any significant news we will most likely continue trading at these levels.
Public Reply:
POST:
For any company having a public listing having small volume is not economical.When there are less investors for any time period any Company may de-list.
Now I bring forth your statement “You will not see any significant volume until the company reports any news.”
The Company has no news for; the Company has few, and fewer investors to news to!
You text “We are in the dark.”
I do see minimal activity. Market Makers recognize few stock traders.
Allow me to again Public Reply ask,
How do existing investors raise the daily volume?
or
How can existing investors raise the daily volume?
zzz male
You will not see any significant volume until the company reports any news. We are in the dark..
POST:
When I search out a NEW investment.
I read volume daily and volume averages.
When I read this Company volume it has dropped way to much for any researcher to invest here.
How do existing investors raise the daily volume?
Pump is no answer!
Fred
October 9, 2012
"As such, the company plans to complete its audit and reporting requirements within the next few months and has recently re-engaged its financial resources."
So far it's been 3 months, I'm slightly optimistic we will get something within the next 2 months.
If the company applied for a ticker symbol change in October, it should have happened by now. There must be some other factors in play here. Hopefully we get some news soon.
I hope these statements are true:
"Director of Asura Development, Inc. Chairman/CEO since September 2009. Restructured and rebuilt annual revenues of $40M in construction, development and solar revenues in Japan."
Web Page Under Construction
"This Site Is Under Construction and Coming Soon."
This Domain Is Registered with Network Solutions
http://www.asuradevelopment.com/
Yeah, at least the symbol change should of happened by now. I'll believe it when I see it, but no plans to sell or buy more, just hold.
Still nothing... Almost 3 months ago a name change and "new" presentations which claimed that the future is bright. But the long period of silence isn't a good sign.
So disappointing, but i will just keep waiting and consider my shares as dead money.
"Asura has been through a rebirth process of its own by significantly cutting overhead, costs and company liabilities over the past two years and is now well positioned to build a solid company upon a firm foundation. As such, the company plans to complete its audit and reporting requirements within the next few months and has recently re-engaged its financial resources. "
"Compete Audit and reporting requirements by EOY 2012"
2 weeks till the end of the year. Can management do it? Lets hope so.
Been 2 months since the company announce the name change, this is about the time it takes to do a symbol change, should happen soon followed by much anticipated financials.
Symbol Change Status.
This link will notify us exactly when the symbol change takes affect the minute the information becomes available. Should happen within a week.
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=IAGI&OTCBB=OTCBB
Expected profit margin.
Japanese construction companies:
Company 2012 Net Profit Margin
ARNEST ONE CORPORATION(TYO:8895) 6.88%
DAIKYO INCORPORATED(TYO:8840) 7.30%
Iida Home Max Co.,ltd.(TYO:8880) 4.70%
SALA HOUSE CO., LTD.(TYO:1405) 1.43%
Csr Corp Ltd(HKG:1766) 5.97%
TSUCHIYA HOLDINGS CO., LTD. 0.15%
Daiwa House Industry Co Ltd(TYO:1925) 1.79%
Misawa Homes Co Ltd(TYO:1722) 1.85%
Average 2012 Net Profit: 3.76%
Asura 40 million Revenues
40mil*.0376 = 1,504,000 Net Profit
$1.504 mil net/approx. 15.8 mil os = $.09518 EPS x 10 PE = $0.95 Share Price.
Estimated share price book value. Just scenarios.
Assuming 40 million in revenues.
1)
Assuming profits of maybe $5.33 mil as a conservative guesstimate, the share price should adjust.
$5.33 mil net/approx. 15.8 mil os = $.337 EPS x 10 PE = $3.37 Share Price.
2)
Assuming profits of $3 mil out of $40 mil.
$3 mil net/approx. 15.8 mil os = $.189 EPS x 10 PE = $1.89 Share Price.
3)
Assuming profits of $1 mil out of $40 mil.
$1 mil net/approx. 15.8 mil os = $.0632 EPS x 10 PE = $0.63 Share Price.
You get the idea, if there is $40 mil in revenues and the businesses are profitable the result is a very undervalued stock price even with a mere $1 mil profit.
We'll know exactly how profitable the company is by EOY, then the share price will adjust until then it's anyone's guess.
$40 Million in revenues.
While we wait for the official SEC financial filings expected by the end of the year. Two sources from the current Chairman/CEO suggest the company is doing 40 million in revenues.
Corporate presentation
Johnny: > 9.5 million in 2010
Zest: > 30 million in 2011
FY 3/31/13 Revenue (Forecast) $40 million(unaudited results)
Net Debt (9/30/12): $0.8 million(unaudited results)
Shares Outstanding: 13.6 million
Fully Diluted: 15.8 million
Sources:
Asura-Presentation-Draft-rev4.pdf
Company-Presentation.pdf
CEO/Chairman BIO
Director of Asura Development, Inc. Chairman/CEO since September 2009. Restructured and rebuilt annual revenues of $40M in construction, development and solar revenues in Japan.
Source:
Brian_Hoekstra-bio.pdf
When to expect new symbol change.
From what I have researched on the OTC it takes about 10.5 weeks(2 months) from application to actual symbol change.
Case:
TEHA changed to AAEH, company announced name change 08/09/2012 and it took affect 10/22/2012
The actual incorporation and change to Aurua happened 09/24/2012, so you can expect the symbol change mid to late November, followed by financials filed sometime in December.
i will stay away from this piece of crap at this low price. Will check back next year. Wish you the best.
Yes, I couldn't agree with you more, and has been for several years. But I'm still optimistic about this particular one, since they acquired the Japanese construction company in late 2010, I have been waiting for financials, after 2 years of cutting overhead, trimming failed businesses, settling litigation from past employees, and overcoming the logistical challenges of auditing a Japanese company, we'll have the answers soon.
They recently re-engaged their auditors and plan on filling all financials by end of year.
I like the risk at this point, good luck.
Hate to tell ya, this is piece of crap will suck all you money.
Trading like garbage, cheaper than dirt, but at least were seeing trading again. Gives new meaning to building this company from the ground up, saisei. At least the ask is $0.05 hopefully not much longer till the ticker symbol changes.
Every-time you buy @ $0.04 the MM knocks it down to $0.035
Followers
|
15
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
2328
|
Created
|
03/07/05
|
Type
|
Free
|
Moderators |
iBox Maintained by: Peasodos |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |