THERE IS NO CURE FOR STUPID!!!
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Happy New Year to one and all
You as well Mark Wayne Richards, OTC Ceo extraordinaire of all time
ASKH
Happy New Year to one and all
Happy New Year to one and all
Last one out,dont forget the customary end of year green print at the close.
ASKH
You are on fire my good man
The dark side of the moon P, the dark side
PPCB hod .605
ASKH
Stop sign yet again lol.
All the while almost defunct SSVC runs.
No experience at the helm, no run folks, simple as that with ASKH!
ASKH
Welcome to yet another stop sign from OTC markets lol
Expect more of the same in 2020 onward.
Even almost defunct S$VC is having a better go of it than ASKH lmao.
Mark get another $25k ready for the next 10k that may be filed by 2023, might as well keep feeding the money pit, right oh.
It's better to be an uninformed trader. To bankrupt a fool, give him information. Gather less information. http://t.co/XJk9WDy16r
— Jerry Parker (@rjparkerjr09) February 24, 2015
ASKH
In response to all the PM's i get about my stake;
No i have not, nor do i intend to sell out before a miracle moonshot due to a possible R/M,
I would rather lose it all, than risk missing a possible million$ payday due to impatience.
If anything changes; dilution,r/s, 20 more years go bye lol, i will then re-evaluate .
This has $1.00+++ written all over it, if ever the biggest idiot the OTC has ever known gets to work and swallows his god damned ego!!!!!
Imho
GLTA
Good time for all astute speculators to do a year end review of all trades.
Be honest and objective with yourselves, as to improve your results the following year.
This game is you against yourself
Master that, and the rest will follow.
ASKH
R/M any nanosecond now lol
Hence, why this is the greatest and most challenging game on the planet imho
Impossible is nothing with the right people at the helm
Very well said indeed
The profits are great, no matter what instrument is used to derive them from imho
Most would do much better simply by cutting losses early!
You most certainly do, my good man
ASKH Rich Pearl folks, he knows
Who can forget this classic lol
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 8, 2018
Astika Holdings, Inc.
(Exact name of registrant as specified in its charter)
Florida
333-182113
27-4601693
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
Level 1, 725 Rosebank Road
Avondale, Auckland, 1348, New Zealand
(Address of principal executive offices)
Registrant's Telephone Number, Including Area Code: (64) 9 929 0502
_______________
(Former Name or Former Address, If Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
A copy of the Letter of Intent is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
ASTIKA HOLDINGS, INC., (OTCQB: ASKH) ANNOUNCES LETTER OF INTENT TO PURCHASE CHINESE TEXTILE AND HOME FURNISHINGS COMPANY JIANGSU ZIYANG HOLIDAY BEDROOM ARTICLES CO. LTD.
February 8, 2018
Auckland, New Zealand, February 8, 2018 - Astika Holdings, Inc. (the "Company") (OTCQB:ASKH) announces that it has entered into an Exclusivity Agreement and Non-Binding Letter of Intent ("LOI") to purchase 100% of one of China's successful textile and home furnishings companies, Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd., (the "Acquisition"). The parties intend to complete the purchase no later than July 31, 2018.
The Acquisition, a Chinese private company, has been in business for over a decade and has a consistent track record of delivering revenue and earnings growth. Last year it completed one of its best years in its history with almost $20 million USD in gross revenue, and with significant profitability.
With operations in Jiangsu province in China, occupying 34,000 square meters with a manufacturing plant building of 23,000 square meters employing 300, including 20 technicians, 5 special designers, 4 manufacturing engineers, 1 spinning engineer, 3 quality engineers and 45 University educated staff. Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd., holds 1 patent of invention, 12 patents for utility models, 4 design patents, and 40 copyright patents in the textile industry. The Acquisition is well-regarded for its focus and manufacturing abilities in the home textile sector for silk quilts, silk rugs, air-condition mats, down, feather, wool products and fur articles including yearly development of new products to meet market demand. Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd., integrates the entire manufacturing value chain for its clients, through a scalable system that assimilates development, procurement, manufacturing and logistic deliveries to its many clients including, RT-Mart where Jiangsu Ziyang’s products are the top – selling home textile items (RT-Mart is the No. 1 chain supermarket with 285 locations in China) The Acquisition is also the sale agents for brands such as: Calvin Klein, UGG, Spirit, Wal-Mart, Carrefour, Tesco. The Acquisition intends and has the potential to continue its growth to meet regional needs while looking for new market opportunities in China and global export.
The Company intends to engage a registered investment dealer in the United States, Asia and Canada to raise sufficient capital to accomplish the purchase of the Acquisition and furnish working capital for the Company's growth. Under the terms of the LOI, the purchase of the Acquisition would primarily be paid for with an equity component consideration, an equity and cash component of which there is a structured multi-year earn-out, and conditioned on the achievement of certain EBITDA hurdles. The Acquisition would receive common stock, valued on the same basis as the equity component of the Company's intended financing. Completion of the transaction under the LOI is dependent on, among other things, the completion of due diligence satisfactory to the Company, and the completion of the PCAOB audit and US GAAP. (The Acquisition is currently audited in China in accordance with IFRS - International Financial Reporting Standards.) The parties expect the PCAOB audit under US GAAP to be completed within approximately 8-16 weeks.
2
Under the terms of the Exclusivity Agreement, the parties have agreed that the Acquisition will not engage in any negotiations or discussions with other potential acquirers during the period of exclusivity, which currently runs until July 31, 2018. The parties have also agreed to maintain confidentiality in order to protect the Acquisition's competitive interests, and the interests of its many customers and employees, during what is always a tumultuous period for a company that is in the process of being acquired.
President of Astika Mark Richards commented: "We are thrilled to enter into this letter of intent with the Acquisition. We consider the Acquisition to furnish the best possible launch pad for our business. It has been a delight to work together with the founders of the Acquisition to advance the transaction to this stage. They are top-notch people and business executives. We are also gratified that the founders have agreed to remain with the company following the completion of the transaction, and share our vision to develop its global sales."
There are no assurances that the parties will be able to negotiate a mutually acceptable Definitive Agreement or that applicable corporate and securities laws can be satisfied, or that all subjects will be removed such that the transaction as contemplated in the Letter of Intent can be completed or closed.
About ASTIKA HOLDINGS, INC. Astika Holdings is focused on a variety of strategic acquisitions in service, textile, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business. The Company is positioning to capture the next wave of growth companies from Asia. As the centerpieces for Astika Holdings in Asia, the focus is on rapid economic growth and increased foreign investment sector companies which are poised for accelerated economic growth with national modernization. Astika is also focused on adding value through successful project development, efficient operations, and opportunistic acquisitions while maintaining a low risk profile through project diversification, astute financial management and operating in secure jurisdictions. Astika Holdings is focused on the Nantong region of China and is positioning to negotiate with growth companies from the Nantong region.
Nantong is known as a “Pearl of the River and Sea,” ideally situated near the mouth of the Yangtze river with a rich and diverse history dating back to the Chinese Han Dynasty. Inhabitants first lived in the region 5,000 years ago because of its abundant natural resources and access to the Yangtze river. Nantong has a national reputation of “the First Window on the Yangtze River” and is one of the China’s prized national tourist centers. As the centerpiece in the Yangtze Delta Economic Zone, Nantong has enjoyed rapid economic growth and increasing foreign investments. The city is listed on the China’s Top 100 Counties (county-level cities) for its strong economy. Nantong is one of China’s first fourteen coastal cities open to international trade. Nantong is poised for accelerated economic growth with new bridges over the Yangtze River connecting the Nantong region to the Shanghai metropolitan region. With the development of the Rudong Yangkou Harbor Nantong offers the only natural deep water harbor in central China’s coast with access to China’s largest markets. Nantong’s rich history of economic prosperity and growth converge with national modernization continue to make Nantong a major center for economic development in China. The Company intends to expand outside of its Asia and New Zealand regional markets to pursue a vertical integration strategy through the acquisition of service, textile, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business. The business model of combining our global industrial relationships in Asia with Astika Holdings would become the primary operations. As a result, management believes that focusing our efforts on the acquisition of service, agriculture and industrial companies would represent the greatest potential for shareholder return. We are excited about this direction for Astika Holdings, Inc. and look forward to accelerating our growth plans. We appreciate the support previous management has given us during the initial stages and are excited to lead the Company and its shareholders into the future.
3
Mr. Richards also holds the title of Chief Executive Officer, in conjunction with Astika Holdings, is in the process of making the necessary filings which will be filed on the US SEC EDGAR system providing the specifics of these developments. The management intends to eventually position the Company for an up-listing to another market, possibly NASDAQ, once the Company meets the financial status and market share price for up-listing qualification. Under the contemplated transactions for the acquisition of service, textile, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business, the Company intends to deliver common shares to achieve the contemplated transactions.
The Company has integrated its management and moved its headquarters to Rosebank, Auckland, New Zealand. The President of Astika, Mark W Richards retired after 25 years as a Registered Chartered Accountant in Public Practice (CA PP) since 31 July 1991. He has been a Partner in Practices since that date commencing with Cox Arcus & Co, and progressing through to Cleaver Richards a medium size practice in Ponsonby, Auckland, providing Accounting and Taxation advice to a broad range of SME clients. Since 1 March 2011 he formed a Consultancy based practice in Auckland to attend to the strategic management of clients and their businesses. The Practice is responsible for assisting clients from overseas business ventures with the management of both the businesses and taxation structures to meet the requirements within New Zealand and resident jurisdictions for Countries including USA, Australia, Hong Kong, China, Thailand, Brunei, and the UK. Mr Richards provides management and consulting services to assist with the growth and financial requirements of those companies. In 2008 Mr Richards began acting for a NZ resident entity responsible for the exportation of commodities for sale in China. Through this affiliation he has developed a working relationship with Prominent Chinese businessmen and has been engaged to assist them with the management of their affairs. Mr Richards has acted for Chemsafe Group from November 2006 to develop the strategically for the roll out of the SCR based products nationally in New Zealand and Australasia. In 2010 Mr Richards assisted in the development of a Strategic Brand Marketing Company in Thailand to provide advice on Brands to large Thai Corporates. This involved the development of own brand products in Supermarket chains within Bangkok In 2013 Mr Richards assisted in the formation and marketing of a franchised Motorsport Team aimed at promoting client products in to the market place. He has also assisted with Companies in Oil Recovery, Transportation, Vehicle Sales, Product Design & Marketing, and Fashion.
Forward-Looking Statements
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Item 9.01. Financial Statements and Exhibits.
Notice Prohibiting Person From Managing Companies
Pursuant to Section 385 of the Companies Act 1993
To: Mark Wayne Richards.
Of: 7 Grant Street, Mount Albert, Auckland 1025.
Pursuant to section 385(3) of the Companies Act 1993, I, Peter Barker, Deputy Registrar of Companies, hereby prohibit Mark Wayne Richards from being a director or promoter of, or being concerned in, or taking part, whether directly or indirectly, in the management of any company for a period of four years and six months from the date of this notice.
Dated at Wellington this 23rd day of June 2016.
PETER BARKER, Deputy Registrar of Companies.
LOL
Astika Holdings, Inc. Announces New Corporate Direction
Published: Feb 11, 2014 8:00 a.m. ET
AUCKLAND, New Zealand, Feb 11, 2014 (BUSINESS WIRE) -- Astika Holdings, Inc. (otcqb:ASKH) today announced that the company intends to expand outside of its USA regional market to pursue a vertical integration strategy through the acquisition of service, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business.
Commenting on the strategy, the new director, Mark Richards, explained, "While the USA industrials remain strong nationally, we felt that the business model of combining our global industrial relationships in Asia with Astika Holdings would become the primary operations. As a result, management believes that focusing our efforts on the acquisition of service, agriculture and industrial companies would represent the greatest potential for shareholder return. We are excited about this new direction for Astika Holdings, Inc. and look forward to accelerating our growth plans. We appreciate the support previous management has given us during the initial stages and are excited to lead the Company and its shareholders into the future. The Company intends to be issuing press releases to its shareholders in the coming days and weeks outlining a series of potential acquisitions and expansion of Astika Holdings."
Mr. Richards, who will also hold the title of Chief Executive Officer, also announced that, “Astika Holdings is in the process of making the necessary filings in a Form 8-K which will be filed on the US SEC EDGAR system providing the specifics of these developments. The new management intends to position the Company for an up-listing to a higher exchange such as the NASDAQ BX or NASDAQ, once the Company meets the financial status and market share price for up-listing qualification.”
Under the contemplated transactions for the acquisition of service, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business, the Company intends to deliver common shares to achieve the contemplated transactions. The Company has no immediate intention to dilute the current share structure of the company however under the contemplated transactions for the acquisition of service, agriculture and industrial companies to compliment and growth for Astika Holdings, Inc.’s business, the Company intends to deliver restricted common shares to achieve the contemplated acquisitions and transactions. The Company has begun the process of integrating management and moving its headquarters to Grey Lynn, Auckland, New Zealand.
Astika Holdings, Inc. (otcqb:ASKH)Astika Holdings is focused on a variety of strategic acquisitions in service, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business. The Company is positioning to capture the next wave of growth companies from Asia. As the centerpieces for Astika Holdings in Asia, the focus is on rapid economic growth and increased foreign investment sector companies which are poised for accelerated economic growth with national modernization. Astika is also focused on adding value through successful project development, efficient operations, and opportunistic acquisitions while maintaining a low risk profile through project diversification, astute financial management and operating in secure jurisdictions.
Forward-Looking Statements - This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
INVESTOR RELATIONS CONTACTASTIKA HOLDINGS, INC.Contact: Mark Richards, DirectorEmail: info@nantongventures.comTel: 64 9 889 3327
SOURCE: Astika Holdings, Inc.
Astika Holdings, Inc.Investor RelationsMark Richards, 64 9 889 3327Directorinfo@nantongventures.com
Copyright Business Wire 2014
I beg to differ;
With the powerball you actually get to see the 2 weekly draws live, hence your 1 in 300 or so million chance is actually in play each and every draw.
With ASKH, although your odds appear better, nothing has transpired since 2014, and chances are nothing will transpire in 2024 imho.
Take your pick lol
Today's odds of an ASKH R/M ever transpiring here are;
1 in 10,762
TMRC thought;
If you are in from the initial buy signal in .40's a few weeks back, no reason to tempt fate here imho.
Take 75% of your positions off and let the rest ride a tad longer in case there is another dollar upside left in the move.
Always another train leaving the station, and its hard to make money as a bagholder
Please do govern yourselves accordingly lol.
DINO hod .19 Arcaro play if memory serves
Welcome oh beloved one, can you please give us a "damn whackers" post for ole times sake lol
Happy Holidays to you and yours my good man
ASKH
Today's odds that a R/M actually transpires with ASKH;
1 in 10,762
TMRC Then again i could be wrong lol, new hoy $1.54
TMRC no new hoy today, a good time to take some profits imho
Merry Christmas to one and all,on this fine board
Merry Christmas to one and all
ASKH
Merry Christmas to one and all
Merry X-mas to one and all
TMRC new hoy $1.49
TMRC new hoy $1.42
TMRC new hoy $1.40
Nothing wrong with the OTC folks, just be patient and selective,cut losers ASAP, and sell on the way up slowly but SURELY.
TMRC new hoy $1.19
The plays are out there folks,unfortunately way too many inexperienced Ceo's at the helm imho.
One of the hubs finest boards
Can we get a petition going to get rid of the hubs biggest nuisance Clay?
I think its about time
Today's odds on any ASKH R/M ever, as long as the current CEO is at the helm;
1 in 10,759
Hope springs eternal!
Imho