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ceo, since you talk to Frank, why does he not do more to keep investors informed, give updates on the outlook and try to get the share price higher like other CEOs do..? Also he could be selling his own shares which would not be diluting the OS # of shares.
I have wondered this myself..I think the shares are coming from Frank to raise money, like for the recent purchase of the Tech center.
Nite showing a bid of 74k@ .05..kinda interesting..most in a while..maybe the latest 10q is coming out..
Here is more news on it and look at the words: Buys & acquired..!
ASAP International Holdings Buys Englewood Hotel
Sheraton Denver Tech Center Sold by Investment Group
By Stacey Boozer
January 20, 2015
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ASAP International Holdings acquired the Sheraton Denver Tech Center at 7007 South Clinton St. in Englewood, CO from an investment group made up of Interstate Hotels & Resorts, Inc., Waramaug Hospitality, LLC, and Varde Partners, Inc.
The 10-story, 159,213-square-foot, hospitality building was built in 1984 and is located in the Inverness submarket.
Michael Dube, Michael Torres and Mike Cahill with
Just saw this on their website, looks like a new closing they did not Pr..
Recent Transactions
Sheraton Denver Tech Center
Address: 7007 South Clinton Street, Greenwood Village, CO 80112
263 keys
Managed by: Interstate Hotels and Resorts
Closing Date: December 15, 2014
Well, looks like back to invisible time..no volume, no news, no interest..not even a well intentioned influx of new traders could move this..now they will prob all dump and move on..the CEO needs to remember that he has to answer to shareholders, but he doesn't care..sad..
Looks like some dumping at the EOD..I didn't see it but someone bailing at .04 and .05 looks like..
your right the order is not there now but it was when I posted the msg. It was taken down a few minutes after I posted..
well well, 155k shares for sale at .059, I guess that's shows why the stock cant move up..
well ahall, it just shows that there are more sellers out there than buyers at this point..
Not sure what ur saying there ahall, but it looks like its gonna take actual buyers or company news to move this rather than posting on various boards with vague statements. Glad to see the new interest and also believe it could move big with the right situation. Hey Frank, give us a good PR! thanks!
Nope, no one here..dead stock without news..poorly run public company, a waste of time..
I agree, but with news at least it would show they were trying or cared..!
well you got your wish! they lowered it to .05 and no takers..prob just be dead until they have some news or info..which is unlikely..
I agree scotty, also, they make no effort to inform the market, investors or shareholders as to what they are doing and their prospects. just a 10q every three months. pathetic. that is why the stock is dead with no trading and a huge b/a spread.
Ahall, "pushed it more"? He does not push it at all! there are no Pr's about what they are doing or have done. Just news articles you and others find but not released by the company..just plain stupid by frank and shows a lack of understanding by frank..One of the sons needs to take over and run this like a public company with shareholders.
I doubt it ahall..more likely frank was dumpng shares when the stock hit .20 twice....jmo
yes ahall, the headline should be different but it was in a local rag and not a true Pr on businesswire. no one saw this news and that is on frank.If this had been a true PR the stock would prob be .20-.30 cents. frank is clueless how to promote this company..but why? he acts like its a little pvt family company, not a public one that has shareholders.
Ahall, that article says that asap is a buyer, as well as frank saying it..:
He says "acquire" and "additional acquisitions" and "our strategy of purchasing"... not just arranging. thanks for the link!
"We are excited to acquire this hotel in the growing submarket of southeast Denver," said Frank Yuan, CEO of ASAP. "We were impressed by the growth surrounding the hotel, the quality of the asset and the strength of the Sheraton brand. This hotel was in line with our strategy of purchasing cash flowing assets in growth markets and we look forward to additional acquisitions in the year ahead."
In the PR about the Sheraton deal this part is interesting:
The hotel was acquired by a related entity to ASAP Holdings. Frank Yuan (CEO – ASAP), stated “We are excited to acquire this hotel in a growing submarket of Southeast Denver. We were impressed by the growth surrounding the hotel, the quality of the asset and the strength of the Sheraton brand. This hotel was in line with our strategy of purchasing cash flowing assets in growth markets and we look forward to additional acquisitions in the year ahead.”
What is the "related entity"?
And this: "our strategy of purchasing cash flowing assets"
does this mean asap is the buyer?
Do you actually think that will help? there is no trading in this stock. there is no interest. it's up to the ceo to create interest and keep the market informed about what they are doing and their prospects and plans for the future. that is not happening here and never has.
Focus on this stock? he never has, this transaction was closed nov 17, 3 weeks ago and just today a pr. it is also not even on their website. I doubt much money came to asap for advising, most prob goes to expenses and overhead and paying his sons.
well well, 250k shares to sell at .07..what does that tell ya!
Frank does not care about this stock, neither in the past and not likely in the future. no volume, no news, no updates, no nothing. Its a dead company and a worthless investment for shareholders. why it is public is a mystery..
I didn't say anything about optimizing things for traders as you said. Perhaps you don't understand the responsibilities of being the CEO of a public company. The company is owned by the shareholders and as such the CEO has obligations to those shareholders. One being to maximize shareholder value and to keep investors informed. This is not being done here. jmo
Its a shame this company is run by such an clueless CEO. this co had the chance to be something but the lack of info leads to the lack of trading. frank needs leave or be the ceo of a public co and do his best to improve shareholder value. it appears he does not understand that. even the qtr report will bring only a day or two of volume and then die again. too bad for shareholders. why is this company even public?
ahll, thanks for the info. how do you know this?
The question on franks "pr" is what does "purchased" mean? does it mean "assisted" in the purchase or does it mean that they bought the properties? maybe its a language thing but its a big difference..but if it does not increase trading then its worthless. he needs business wire pr's..something everyone sees.
Such a shame Frank does not understand the idea of shareholder value. he has a lot of stock but does not get the stock mkt. why it is even public?
I don't think the b/a is the problem, the problem is there is no news to get buyers to act..i don't think frank gets it..no news, no volume..
true that ahall, the only way that gets taken out is some very good news that shows this company has value..maybe frank needs to step aside and lets his sons handle the company, esp the pr part..
There was a good article in NY Times yesterday about companies who work with Chinese to buy properties worldwide. Says that they love hotels as investments. ASAE is in the right mkt at the right time, and just needs more Pr's to get more the word out..Hey Frank!!
hey, maybe some of you guys who talk to Frank could call him about a Pr once in a while and try to get some info out to get some trading volume..does he care about share price? does not seem like it..maybe he could turn it over to his sons who are prob more tech savy to make this an actual trading stock..just a thought.
yes, ahall, the other thing that puzzles me is why even have a public company if you make no effort to promote it or attempt to get the stock up when Frank would benefit greatly. it would be much easier if it were private. So why bother being public? I also don't see how they could buy any hotels, despite what the pr's say, as they don't have the resources on their balance sheet. They use Franks $1.8 mil LOC to operate. He did convert part of what is owed to him to stock for I think 5 mil shares recently. but why? how does he get his money back with the stock so illiquid?
and this one:
ASAP Hotel Management Acquires Li Ming Hotel
Los Angeles, CA February 10, 2010 – ASAP International Holdings Inc., (OTCQB: ASAE) held an official contract signing ceremony for ASAP Hotel Management Corp. acquiring the Li Ming Hotel at the San Gabriel, CA Hilton Hotel.
Mr. Tang Hu, the Mayor of Yi Zheng City, Yang Zhou County, Jiangsu Province, China, says “After we evaluated ASAP Hotels’ management background, its ambition for building a 4 star hotel chain in China and business plan, we decided that ASAP is our perfect partner to manage and operate the Li Ming Hotel. Yi Zheng Li Ming Hotel is the only and official 4 star rated hotel in the Yi Zheng City which was originally built and owned by the city since 1993.”
“We are so pleased that Yi Zheng Municipal City officials came to Los Angeles to sign the 20 plus 20 years long term lease” said Frank Yuan, CEO of ASAP Hotel Management Corp. “Li Ming Hotel has 161 rooms plus a separate gym, conference center, KTV, restaurant, and sauna facilities. It is the best hotel in Yi Zheng and designated as the City’s Official Reception hotel which makes the management easier with guaranteed revenues.” Yuan added “The Company has 25 more potential hotels with similar long term lease opportunities and are well on the way to building a lasting 4 star hotel chain in China.”
and this one:
Denver, Colorado; New York, New York) – HREC Investment Advisors’ Capital Markets Group is pleased to announce it arranged the $32.5 million acquisition financing for the 378-guestroom DoubleTree by Hilton located in Berkeley, California. HREC arranged the 5-year floating rate loan, which was provided by a Life Company. The buyer is ASAP International Holdings, Inc., a Los Angeles based organization.
Well that's what I thought until I read this from march 18, 2014 from their home page:
A California-based holding company that helps Chinese companies and individuals invest in U.S. hotels has bought the DoubleTree by Hilton in downtown Wilmington, its first acquisition on the East Coast. The hotel and conference center at 700 N. King St. was purchased Friday by ASAP International Holdings for $19.725 million.
so what does that mean?
one other thing iam curious about, didn't they buy several hotels? from their website it appears the bought about 3 at least..if so why do they not show up on the balance sheet as an asset and have a corresponding loan as debt? anyone know?
I didn't know they even had IR, since this is a small family rum company who would do IR?
well the group is here and the float is known, 3 mil, so just need good pr's and the buyers will see it..Frank, a little help here???