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https://www.barchart.com/stocks/quotes/ASKH
Odds are good there will be Millionaire's coming out of ASKH run. It's only a matter of time now. The clock is ticking down.
GLTA
Ferro
Not to mention these gems. This should be one hell of a run when the R/M goes through.
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.
GLTA
Ferro
These holdings should also add a little more fuel to the fire on top of the 20 mil of rev's.
Jiangsu Ziyang also maintains centers for research & development, pattern making & sampling, production, dispatching, warehouse logistics.
GLTA
Ferro
I wonder if this could be the hold up for the 10k.
The parties expect the PCAOB audit under US GAAP to be completed within approximately 8-16 weeks.
GLTA
Ferro
The price point will depend on the R/M's balance sheet and asset's.
GLTA
Ferro
I've emailed Richards many times with no responses.So G/L to anyone who receives any responses from him.markr@cswy.co.nz
GLTA
Ferro
I agree pa. Richards being a numbers guy knows what he's doing.
GLTA
Ferro
Of course we all know around here who the sinner's name is LG Capital.
GLTA
Ferro
It came to me through my email account with them after the last K.
GLTA
Ferro
[url][/url][tag][/tag]https://insiderfinancial.com/?s=askh
This is the paragraph that catches my eye. Could be a game changer to the bottom line with ASKH. Time will tell. $ASKH$
In addition, please note that no information was given on the balance sheet. We expect it to be rich in assets, and properties.
GLTA
Ferro
Richards holds a little over 8.1 million Restricted,as of last report.
GLTA
Ferro
Nice read on ASKH words getting around.
GLTA
Ferro
Shareholders of Astika Holdings Inc. (OTCMKTS:ASKH) must be right now counting their stock gains. After the company announced a Non-Binding Letter of Intent to acquire a Chinese cash cow entity, some have doubled their money (even more) in a very short period of time. Its name is Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd., and it has been in the business for ten years. As per our opinion, ASKH’s story is like the lottery. One day you hold shares of a company reporting no revenues and the following day you own shares of a multimillion-dollar business. Welcome to the magic of reverse mergers in the United States. Check the following price action before we provide more details about Ziyang Holiday.
The buyer: Astika Holdings Inc.
The company is headquartered in Auckland, New Zealand. It was founded in 2011. The company seems to be used only for the purpose of providing Jiangsu Ziyang Holiday access to the market. The recent income statements provided make us think so. No revenues have been seen in the last three years. Additionally, in the last annual report, the expenses are very little; only $0.018 million. Furthermore, the income reported for the year 2016 was negative (-$0.023 million).
Since the company may merge with Jiangsu Ziyang Holiday, so we will provide some information about the share capital structure. ASKH’s authorized shares are equal to 140 million. Additionally, the total amount of shares outstanding is 25,291,838 shares. While the float is not given, we believe that a few shareholders own large stakes in the company. The amount of volatility makes us think so. This will be appreciated by volatility players. You guys have a new micro cap profile to work with.
The seller: Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd.
This is the most significant part of the deal. It does not matter whether ASKH reports revenues or not. If the transaction is completed and both parties merge, the new income statements will look much better. The revenues made by Jiangsu Ziyang will be shared by ASKH. In addition, the American company will gain access to the assets, know-how, and business model of ASKH. As a result, the share price could run.
Let’s revise what’s Jiangsu Ziyang doing. The company operates in the home textile sector for silk quilts, silk rugs, air-condition mats, down, feather, and wool products. This is the most significant:
“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.” Source
Finally, the most important is that Jiangsu Ziyang reported almost $20 million in gross revenues. If the agreement is successful, the market will check this figure, so bear it in mind. The stock gains should be proportionate to this figure. In addition, please note that no information was given on the balance sheet. We expect it to be rich in assets, and properties. But, more concrete information will be needed. Be sure to look for these financial figures. They will also determine the stock performance of ASKH after the merger.
Why will the acquisition be useful for Jiangsu Ziyang? The company gave several reasons, but the most important is this one:
“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.” Source
When will the transaction close?
It is still early to know a concrete date. Please note that the companies are still performing due diligence. Additionally, a definitive merger agreement should be signed. However, we need to mention that the purchase will not occur after July 31, 2018. In our opinion, transactions usually close in about 6 to 8 months. Bear this information in mind. If the stock price has not commenced running after this period of time, the transaction may not happen.
Players acquired big stakes
Like always, in this case, players in Wall Street have commenced to position themselves. Sin is mentioned, but sinner’s name is missing. So, have a look at the recent big stake acquired by a market participant.
What are the catalysts?
The following is a list of announcements that could make ASKH run:
A definitive merger agreement
The companies said that they cannot contact third parties. There is a no-go-shop agreement. However, third parties could be also interested in ASKH. If this happens, ASKH could run.
Information about Jiangsu Ziyang’s balance sheet.
Conversely, please note that the risk is also high. If the companies decide not to merge, ASKH’s price will collapse. Additionally, if the regulators in the United States or China decide to block the transaction, the same will happen. Finally, if the due diligence is not satisfactory, the deal will not see the light of the day.
Conclusion
Currently trading with a market cap of $1 million, ASKH is an interesting story among small caps. We believe that the transaction could close successfully. The most important is that Jiangsu Ziyang is expecting to raise as much as $10 million from the United States. That’s a powerful motivation to keep in mind. Additionally, financing in China is not as cheap as in the United States, and the regulatory framework is much more flexible. To sum up, the deal is a great idea. Let’s see if lawyers and negotiators do their work properly, and the shareholders can get paid.
SS still holding tight as of 3/28/18. The share structure for ASKH is as follows.
Outstanding: 29,890,066
Float: 21,730,066
Regards.
GLTA
Ferro
This looks to be the way they got it done.It will be interesting to see how all this plays out.
GLTA
Ferro
Nantong Dredging Machinery Co., Ltd.
RECENT TRANSACTIONS
Details Hidden
Astika Holdings, Inc., IQ Acquisition (NY) Ltd. purchase Nantong Dredging Machinery Co., Ltd
It would be nice to know where we stand with this deal.
GLTA
Ferro
Nantong Dredging Machinery Co., Ltd.
OVERVIEW
Headquarters
Shuangdian Town,Rudong County,Nantong, Jiangsu
Type of Company
Private
Industries
Trucks, Construction & Farm Machinery
Company Description
Nantong Dredging Machinery Co. Ltd., part of Astika Holdings, Inc., is a Chinese company located in Nantong. The firm manufactures dredging machinery and equipment. It was acquired by Astika Holdings, Inc.
I'm ready to add even more easy money shares,if the MM's are willing to let it drift a little lower.
GLTA
Ferro
I kinda get the feeling we may see it sooner than later.The chase will be on when R/M news drops on this one.$ASKH$
GLTA
Ferro
Lyn $ASKH$ is money in the bank. And is going to be a Big Chunk of money in the bank. It's coming.
GLTA
Ferro
One thing to think about with this one is,after the R/M AStika Holdings is just getting started.There will be more company holdings added in time per 8k in which the company told us there game plan.Which in return will bring more revenue taking the pps to even higher levels.This one may pay off big for those willing to leave some extra shares on the table.
With that being said always pull profits on any run.
GLTA
Ferro
Patience will make you a lot of money with this one for sure.
GLTA
Ferro
Things coming together around here nicely.
GLTA
Ferro
Numbers still holding as of 3/6/18. The share structure for ASKH is as follows.
Outstanding: 29,890,066
Float: 21,730,066
Regards.
GLTA
Ferro
Any money in at these levels is money in the bank. ASKH will trading at much higher levels in the months to come.Once the R/M is complete ASKH will move to the next trading level OTCQX,and then the real investors will come around. $ASKH$
GLTA
Ferro
It's in the last 8k released 2/8/18.
GLTA
Ferro
That's what I would say.
GLTA
Ferro
This will be a big money maker,for holder's at this level.
GLTA
Ferro
The Company intends to engage a registered investment dealer/broker.I would say MM OTCX is ASKH's new dealer,broker.
GLTA
Ferro
I'm thinking with OTCX around things should start ramping up around here.Time will tell.
GLTA
Ferro
$ASKH$ one step closer to going Big Time.
GLTA
Ferro
Very Interesting OTCX popped in then back out again. Lets see if he shows up again.
GLTA
Ferro
This is what our new MM OTCX is all about. One step closer.
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GLTA
Ferro
I see we picked up another MM today OTCX interesting.
GLTA
Ferro
It would be nice to see where ASKH stands with this under taking. I would say it should tie in with R/M.
GLTA
Ferro
ASTIKA HOLDINGS, INC. POSITIONS THE COMPANY’S GREEN FUTURE
AUCKLAND, New Zealand, March 18, 2014 - Astika Holdings, Inc. (the "Company") (OTCQB: ASKH)
a strategic acquisition company of service, agriculture and industrial companies from the Nantong Region
in China announced yesterday that it is entering into the Industrial Hemp sector through partnerships with
current leaseholders with the goal of acquiring operating facilities to begin its own facilities in Asia and
New Zealand with the launch of Nantong HZ Hemp Co. Ltd.
Due to the positive response to Astika’s entrance into the Industrial Hemp sector to grow the Company’s
agriculture initiatives and revenues, Mark Richards, the director for Astika Holdings commented, “the
Hemp initiative runs parallel with Astika’s "Green Future" objectives with the Nantong Grain Seeder of
High Accuracy which meets the requirement of agriculture modernization in China, performs a multifunction
agriculture process which reduces the utilization of tractors, lowers the associated costs,
increases the yield, uses less fertilization, decreases pollution and protects the environment."
Hemp requires little to no pesticides, no herbicides, controls erosion of the topsoil, produces oxygen and
can be used to replace many potentially harmful products, such as tree paper (the processing of which
uses chlorine bleach, which results in the waste product polychlorinated dioxins, which are carcinogenic,
and contribute to deforestation, cosmetics, and plastics, most of which are petroleum-based and do not
decompose easily. Hemp produces 4 times the raw material than trees for paper making and can be
planted between 1-3 times a season, depending on location, be recycled up to 10 times, compared to 3 or
4 times for wood pulp paper. The same hemp fiber products from a hemp harvest provides raw-materials
for products such as, paper, textiles, building materials, industrial materials, foods, cosmetics and a host
of other sustainable Green products.
With China as the single largest supplier of US imports of raw and processed hemp fiber, Astika focused
its agriculture plans in the high-profile Industrial Hemp sector in China and New Zealand where the
opportunity is available to generate revenues. The 2012 Annual Retail Sales for Hemp Report, estimates
the total US retail value of hemp products in 2012 was nearly $500 million. (The Hemp Industries
Association (HIA). Astika believes that China will continue to have influence on Hemp market prices,
year-to-year profits of producers and processors in other countries.
Yes it will. It's hanging nicely today so far.
GLTA
Ferro
The R/M will get done. Richards has way to much skin in the game for it not to. After the R/M and a up listing to the QX the pps will be looking a whole lot different around here. $ASKH$ will become a real company with P/E.
GLTA
Ferro
With Richards and other insiders holding large amounts of restricted common share's it's in there best interest to get the pps as high as possible to benefit everyone involved. ASKH will be a money maker for investor's that are holding.
GLTA
Ferro
OTCQX listing would eliminate a lot of the MM's BS. The Nasdaq even more so. Also a whole different level of Investment into ASKH.
GLTA
Ferro
Cost to up list to OTCQX. Annual Fee: $20,000
Application Fee: $5,000
GLTA
FErro
Looks like the OTCQX is where ASKH might be up listing to,after the R/M.That will bring real investment to this company and much higher PPS.
$ASKH$
Eligibility Standards
Not be a Shell Company or Blank-Check Company
Not be subject to any Bankruptcy or reorganization proceedings[color=red][/color]
Have Priced Quotes by a market maker on OTC Link
Submit a Letter of Introduction from an OTCQX Sponsor
Disclosure Standards
Meet one of the following Reporting Standards:
SEC Reporting Standard
Regulation A Reporting Standard
Alternative Reporting Standard
Audited annual financials by a Public Company Accounting Oversight Board PCAOB auditor and unaudited interim financial reports, prepared in accordance with U.S.GAAP
Timely disclosure of material news
Corporate Governance Standards
Have a board of directors that includes at least 2 Independent Directors;
Have an Audit Committee, a majority of the members of which are Independent Directors; and
Conduct annual shareholders' meetings and make annual financial reports available to its shareholders at least 15 calendar days prior to such meetings
OTCQX U.S. Financial Standards
INITIAL
ONGOING
PENNY STOCK RULE
Meet one of the three below exemptions:
Meet one of the three below exemptions:
Net Tangible Assets
$5 million: < Than 3 Years Operations
$2 million: 3+ Years Operations
$5 million: < Than 3 Years Operations
$2 million: 3+ Years Operations
Revenue
$6 million average for last 3 years
$6 million average for last 3 years
Bid
$5; and one of the below:
Net Income: $500,000
Net Tangible Assets: $1 million
Revenues: $2 million
Total Assets: $5 million
$5; and one of the below:
Net Income: $500,000
Net Tangible Assets: $1 million
Revenues: $2 million
Total Assets: $5 million
SHAREHOLDERS
50 beneficial shareholders each owning at least 100 shares
50 beneficial shareholders each owning at least 100 shares
BID PRICE
$0.25
$0.10
MARKET CAPITALIZATION
$10 million
$5 million
GLTA
Ferro
I think you are spot on AJ81. Richards has to get it done to, take this to the next level. They wouldn't spend all this time and money on the audit's,not to. The real value begins for all insiders once it's completed. Richards is a numbers man and understands it all to well. With the R/M completed, then the up listing comes with the share price at a much higher level. They will be using the numbers from the R/M company to get there. $ASKH$ then becomes the real deal and moves out of these level's for good.
GLTA
Ferro