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i agree. they wasted all their cash and have nothing else then petty cash left.. i have more in my wallet right now!
on top of this they have problems collecting the cash from receivables...
at least they have some assets to sell, but on the other hand how will they work then??
yep, a waste of time and money and +1 lesson...!!
bye bye all
i just looked it up on bloomberg, they have round 300$ in cash left... LOL
and what about investments?? you should look at least at the free cash flows
cash flows are all negative... they have always been negative.
you can have a huge profit and no cash flow, but what really counts is the cash that comes in... all the other stuff are accounting rules and tricks...!!
i sold my shares.... i have enough from this company...
sorry for the lost time here....!!
oh sh****** i am out of this!!
Form 8-K for ASIA GLOBAL HOLDINGS CORP.
14-Apr-2009
Non-Reliance on Previous Financials, Audits or Interim Review
Item 4.02. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On April 14, 2009, the management and Board of Directors of Asia Global Holding Corporation (the "Company") concluded that the Company's previously issued financial statements as of and for the three months and nine months ended September 30, 2008, as included in the Quarterly Report on Form 10-Q filed with the Commission on November 19, 2008 (the "September 30, 2008 Form 10-Q") should no longer be relied upon because of errors in such financial statements. As a result of these errors, the Company will restate the financial statements described above to correct its accounting for revenue recognition ("the Restatements").
During the first three quarters of the year the Company saw a very strong growth in Media and Advertising sales from our Sino Trade subsidiary. However near the end of 2008 and beginning of 2009 Sino Trade began feeling the effects of the global financial turndown. Sino Trade focuses exclusively on selling business-to-business advertising to small manufactures in China. The financial meltdown during the fourth quarter of 2008 harshly impacted Sino Trade's core client base of small and medium sized manufacturers located in China who engage in manufacturing and exporting products to the United States. This segment of manufacturers in China simultaneously experienced severe cut-backs on bank facilities and a severe drop in export demand. The segment saw numerous factory closings and cutbacks at the end of year 2008, particularly in Southern China - the location of much of Sino Trade's key client base. The adverse financial effect on the core customer group was far worse than Sino Trade originally anticipated. The full effect was not fully realized until the first quarter of 2009 when it became more apparent to Sino Trade management that many of its customers may not recover from the recent global financial crisis soon if at all. As a result, this adverse impact on the Sino Trade core customer base cast doubt on a considerable portion of sales the Company recorded in the three-month period ended September 30, 2008 as management cannot be certain of when or what portion of Sino Trade's account receivables can be fully collected.
The Company anticipates that the Restatements would reduce net sales and reduce gross profit and would also affect net income and net loss for the period presented. The Company also expects filing amendments to its Forms 10-Q for the affected quarterly period to reflect the corrections to its quarterly consolidated financial statements in the near future. The Company's annual report on Form 10-K for fiscal 2008 will reflect these adjustments and contain additional information regarding this matter.
don't know... this is company is really strange... their communication politics s**** for sure!!
UP we move...
something is cooking here...
look at the cash flow statement
they finance themselves by
Proceeds from saddington advances
no income, nothing...
and the biggest position in the income statement is:
General and administrative
a big salary!!
wow, amazing.... LOL
a BS degree for such an important company?? is this enough??
LOOOOOOOOOOOOOOOOOOOOOOOOOOOOL
we will move up hard pretty soon.... everything is ready here!
i will not sell one until 0.50$ )
volume is back.... let's fly!!
ask moving up... something cooking??
volume and back to 3 cents... uff....
really strange... nothing going on here...
here we go, hehe...
Press Release Source: Asia Global Holdings Corporation
Asia Global Holdings Corporation Subsidiary Idea Asia Advances TV Efforts In China; Announces Branded Internet Programming; Strengthens Relationships With Top Media Agencies
Tuesday December 16, 9:00 am ET
LOS ANGELES, Dec. 16 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH - News) wholly owned subsidiary Idea Asia Limited (Idea Asia) continues to advance its efforts to deliver high quality TV programming and Internet content to the China market. Today the Company confirmed that it is negotiating distribution deals with TV stations in China for 'Beat The Host', 'Singing Bee', 'Human Clock', and 'Small Talk'.
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Idea Asia also reported that it is in talks with a major international advertiser to produce 60 three-minute branded episodes of 'Camera Cafe' for distribution by Internet in China. Last week 'Camera Cafe' won the award for best comedy at the prestigious Asian TV Awards held in Singapore. Idea Asia is the exclusive representative of the show in China.
"While the global economy problems are taking a toll on advertising spending in the US, the outlook for TV advertising in China is very strong and growing," commented a Company spokesperson.
Recognized for representing high quality TV programming for distribution in China, Idea Asia has developed strong relationships with the top media agencies. Through these relationships Idea Asia can help advertisers reach the highly sought after consumer market in China with exciting top quality programs for Television and Internet.
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH - News) has a strong focus on building business in China and other emerging regions and markets in Asia and Worldwide. The company's present subsidiaries participate in media & advertising, marketing services and TV entertainment. The Company has offices in the US, Hong Kong and China.
Asia Global Holdings Corporation Website: www.asiaglobalholdings.com
Forward-looking statements in this document are not historical fact as 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on trends we anticipate in our industry and our good faith estimate on the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause actual business and results of operations, to differ materially from those reflected in our forward looking statements. You may find all other information about Asia Global Holdings Corporation on the Securities Exchange Commission website, http://www.sec.gov.
Source: Asia Global Holdings Corporation
NEWS:
Form 8-K for ASIA GLOBAL HOLDINGS CORP.
--------------------------------------------------------------------------------
2-Dec-2008
Change in Directors or Principal Officers, Financial Statements and Ex
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 29, 2008, the Company accepted the resignation of Michael Mak as the President, Chief Executive Officer, Interim Chief Financial Officer and member of the Board of Directors due to health reasons. The Company filed with the Commission a Form 8-K on October 30, 2008 discussing this.
On August 18, 2006 the Company entered into an Employment Agreement with Mr. Mak. As part of his compensation, Mr. Mak received 500,000 shares of the Company's Series A Convertible Preferred Stock ("Series A Stock").
--------------------------------------------------------------------------------
On October 9, 2007, Mr. Mak converted 100,000 shares of his Series A Stock into 20,000,000 144 Restricted shares of the Company's Common Stock. This left Mr. Mak with 400,000 shares of the Series A Stock.
On November 17, 2008, Mr. Mak notified the Board of Directors that he was surrendering 150,000 shares of Series A Stock back to the Company for cancellation. The Board of Directors approved the surrendering of the 150,000 shares of the Series A Stock. After the return of the 150,000 shares of the Series A Stock, Mr. Mak still controls 250,000 shares of the Series A Stock,
The Company has contacted its transfer agent to cancel the 150,000 shares of the Series A Stock and will include the appropriate disclosures in its upcoming Form 10-K for the fiscal year ended December 31, 2008.
Item 9.01. Financial Statements and Exhibits
Exhibit No. Description
99.1 Board of Director Resolution authorizing the cancellation of
the Series A Shares dated November 17, 2008
spead closed, some volume and green.... we are ready to fly!!
Here we go:
Press Release Source: Asia Global Holdings Corp
Asia Global Holdings Corp Reports Profitable Third Quarter and Year-On-Year Revenue Growth; Announces Year End Earnings Projection
Thursday November 20, 9:00 am ET
LOS ANGELES, Nov. 20 /PRNewswire-FirstCall/ -- Asia Global Holdings Corp (OTC Bulletin Board: AAGH - News) has announced financial results for the third quarter ended September 30, 2008. In the first nine months of 2008 the Company's year-on-year revenues grew 35% to $9,234,465 with net income of $2,593,623. The increase is a result of increased sales from the Company's advertising and media business.
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For the three months ended September 30, 2008 the Company experienced a net income of $825,858 compared to a net loss of $967,449 for the same period in 2007. The increase in profitability is primarily attributed to increased sales and profits from the Media and Advertising segment.
For the nine-month period ending September 30, 2008 the company reported earning per share (EPS) of $0.02. Management projects the year end EPS to exceed this figure.
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH - News) has a strong focus on building business in China and other emerging regions and markets in Asia and Worldwide. The company's present subsidiaries participate in media & advertising, marketing services and TV entertainment. The Company has offices in the US, Hong Kong and China.
Asia Global Holdings Corporation Website: www.asiaglobalholdings.com
Forward-looking statements in this document are not historical fact as 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on trends we anticipate in our industry and our good faith estimate on the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause actual business and results of operations, to differ materially from those reflected in our forward-looking statements. You may find all other information about Asia Global Holdings Corporation on the Securities Exchange Commission website, http://www.sec.gov.
Source: Asia Global Holdings Corp
hehehe.... what a BS... this is a joke, not??
28x38 and some volume now
good luck
all the markets went UP today and tomorrow we'll see the same game.
at least we had some volume here...
cheers!
no volume today.... all the markets are rallying and we don't move....
time to buy... not to sell
but on the other hand this can be a big player!!
hey guru
i can undetstand you... this stok sucks!!
NEWS!!!
Press Release Source: Asia Global Holdings Corp
Asia Global Holdings Corp Subsidiary Idea Asia is Exclusive Member Representative of Sparks Network Catalog for China and Hong Kong; Idea Asia Now Represents Exclusively Over 200 TV Show Formats in PRC
Monday October 6, 9:00 am ET
HONG KONG, Oct. 6 /PRNewswire-FirstCall/ -- Asia Global Holdings Corp (OTC Bulletin Board: AAGH - News) subsidiary Idea Asia Limited (Idea Asia) is very pleased to announce that it is now the exclusive representative for the Sparks Network catalog of TV formats in China and Hong Kong.
ADVERTISEMENT
Sparks Network is a global distribution, development and network company which holds one of the world's strongest catalogues of TV formats. The Sparks Network members represent some of the most skilled developers and producers in the world of television. Sparks Network offers the broadcasters of the world a strong catalogue of proven formats from producers with operations in some 50 countries. Through the Sparks Network member in each territory, the world's broadcasters get a respected production partner with a working relationship with the creator of the format. Idea Asia is the exclusive Sparks Network member for China and Hong Kong.
Idea Asia now represents exclusively over 200 TV formats in the PRC and Hong Kong providing broadcasters and advertisers with a one-stop solution to meet their programming and advertising needs in China. The Company has exclusive agreements with many high quality format owners such as 2waytraffic, Sony Pictures Television International, Zeal Entertainment, FremantleMedia, Absolutely Independent, SevenOne International and is now pleased to be the exclusive member representative of Sparks Network for China and Hong Kong.
Having built such a substantial catalog of TV show formats Idea Asia will now be utilizing the majority of its resources for distribution and sales according to a spokesperson for the Company.
Idea Asia website http://www.IdeaAsiaLtd.com
Idea Asia is a wholly owned subsidiary of Global Holdings Corporation (OTC Bulletin Board: AAGH - News). AAGH has a strong focus on building business in China and other emerging regions and markets in Asia and Worldwide. The company's present subsidiaries participate in media & advertising, marketing services and TV entertainment. The Company has offices in the US, Hong Kong and China.
Asia Global Holdings Corporation Website: www.asiaglobalholdings.com
Forward-looking statements in this document are not historical fact as 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on trends we anticipate in our industry and our good faith estimate on the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause actual business and results of operations, to differ materially from those reflected in our forward-looking statements. You may find all other information about Asia Global Holdings Corporation on the Securities Exchange Commission website, http://www.sec.gov.
Source: Asia Global Holdings Corp
i have no clue.... this is REALLLLLLLY strange...
32/40 with a little bit in volume...
we all know that it can change very fast with the right news and I think the cooks are cooking a really good meal this time...!!
somehow it looks like manipulation.... very strange and every day the same...
today we should move UP!!
some volume and 0.031/0.04$....
okay, watch the markets allover the world... DEEP RED... strange time in history!!
I just bought another potential aston martin *ggg*
yeah, you're right... strange share.... i really don't geti it!!
yesterday over 1mio and today 12k.... what the hell is going on here??
over 1 mio in volume and 0.03 to 0.04$ at the end..... funny day!!
more volume now... maybe we reach 1mio.... that would be good
strange.... 650k in volume and now nothing more... tomorrow more of this hot stuff??