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You must have missed this DOG
"He has also served on the Board of Directors at Dezomark, a medical company in Lviv, Ukraine."
One would assume, HE speaks fluent Russian too.
Dog, guess where Dezomark is located???? Guess what industry this company and its sister companies is envolved in, at the moment.
Guess whose on the their Board of Directors? Guess who Roth's partner is Dog??????
What a Coincidence DOG?????? Just amazing.
And whose Roth's "Silent Partner(s)" at SM, DOG???????
No disclosure again!!!!!!!!!!!!!!
DOG, have you ever found any evidence to dispute anything that has been disclosed by this Company and ROTH??????
In addition, could you please explain Sec 1.3.4.??????? Could you explain why this BOD control was not disclosed in the S-1a or 15c2-11?
Any clues why Howard was terminated and why the CFO refused to sign the S-1a and is no longer with ASFX????
Do you believe the legal problems of the Company are accurately reflected in the Financial Statements and S-1a????? You have made repeated posts about this issue. And your main point is that the Company is not being truthful with the shareholders.
In the last 24 hrs, you written the following two posts:
“Perhaps MM2, how much is hard to say. My comments were meant to be reflective of the current, known circumstances. Also, if ASFX is indeed being controlled by certain debt holders/directors as we suspect, any change in CEO would be for looks only. What real difference would it make? How would it change the 'real' leadership of ASFX? Might make for a good short term pump but unless any 'new managemnet' were able to actually call the shots, nothing would change,IMO! Dog”
“Repeat, 'only up from here', with your eyes closed then click your heels three times, we'll see if the wizard is listening! The ever increasing debt with it's debilitating, accumilating interest fully guarantees ASFX has not yet found a bottom. Investors are now more unwiling than ever to lend support by purchasing more shares. ASFX shares are simply too expensive at this level, given the valuation of the company determined by the info in the S-1. GLTA Dog”
Yet you believe an email written by a man who made the following disclosure on the Company website,
“Since 1993, Mr. Roth, a successful entrepreneur and marketing specialist in the medical supply industry, has quickly established a successful track record of acquiring, growing and selling businesses – mostly in medical supply industries — for multiples of their annual sales figures.”
In 1993, Mr Roth was in High School DOG.
And your conclusion concerning Alexander And Mira Goldin, Reznick and Russian “Concorde Capital Ltd”, is that it’s just a HUGE Coincidence. Yet you have no independent research about Howard Taylor and his Bermuda Company.
Do you have any idea how important that SM agreement was to the overall PPS effect in Sept 2009???? Now study the Financial statement effect, 1 year later. That 9/30/10 Balance Sheet value is pathetic.
Do you have any clue why the uplisting is taking so long???? Do you have any idea why Roth didn't include the 3rd Qtr Financial statements with the Nov 12th S-1a????
Yet you believe his email. You make no sense DOG!!!!!!!!!!!
Because I would like to know how "Concorde Capital Ltd" ended up on the SM/ASFX Purchase agreement in SEC 1.3.4.
Howard Taylor must have been his business partner at SM, if not, then why did Howard Taylor have any control over the BOD????
No disclosure too. WHY?????????? What is he hiding?????
Did Roth answer all your questions Dog?????
Where in the latest S-1a, is "Concorde Capital Ltd"??????
Admit it MM, the OS will double in one year. Look at what the OS has done since Reznick took control with his buddies.
MM, ASFX doesn't even have the Liquid assets to pay the AP, much less the Debt service (at 40%).
Its a Joke
4th Qtr numbers will not hit until after the AUDIT. Expect June 1st, 2011.
15th Post. Until Tomorrow
This PR is a perfect example of Roth's "Lies of Omission"
With no impact on the Vol and PPS.
It didn't change a thing. Shareholders still don't know about 4th Qtr Revenue, the Sales Backlog and the status of the Uplisting.
Roth provided no info backing up the 5.09 STAT.
It was a Fluff PR, like the last one.
This update has no info on 4th Qtr Revenue, the Sales Backlog or the current Uplisting status.
How about the 3rd Qtr "Gross sales profit" of $3,550, with an overall net loss of $2,500,000?
Hmmmm MM
How about that Bankrupt Balance Sheet??? ASFX can't even pay their AP, much less their DEBT.
How about the 3rd Qtr Financial disaster. Want to debate that MM????
And Reznick speaks fluent Russian.
How about Reznick's Kiev office, same city as Concorde. An amazing coincidence, wouldn't you say MM?
Lets start with "Concorde Capital Ltd", as disclosed in the "Sales Agreement", Sec 1.3.4
Lets Debate MM
The Lie of Omission. Without a doubt, the worse kind of LIE.
Its not what they say, but what they don't say about the real issues that are important to shareholders.
That's why the uplisting is taking so long, because the SEC is catching them on the Omissions.
"Maybe lying"
Ya gotta love it.
Oz, Roth is a part-time employee at ASFX, with other Business interests that provide "goods and services" to ASFX. He has a business relationship with "Concorde Capital Ltd". Both have control over the BOD.
No disclosure about anything concerning "Concorde Capital Limited", and certainly no disclosure concerning the extent of TIME, Roth spends on ASFX affairs. The only disclosure, in fact, is that a "Conflict of Interest" exists between Roth, the ASFX employee, and ASFX (per S-1a).
The following questions need to answered by ASFX.
1. Who/What is "Concorde Capial Limited"?
2. What agreements exist between Roth and Concorde Capital Ltd?
3. Does "Concorde Capital Ltd" have ownership of SM?
4. How much time does Roth spend in his employment at ASFX, vs his other business enterprises?
5. Why were these two individuals/entities given control over the BOD?
6. It appears Roth and "Concorde Capital Ltd" are running the show at ASFX. If so, what exactly does anyone else do to prevent these two from running the business into the ground. They're doing a nice job of it. They have COMPLETE control with no Oversight.
7. What business relationship exists between these two and Reznick? Same for Goldin?
8. Does Reznick provide legal counsel to "Concorde Capital Ltd"? To Goldin, To Roth, To ASFX????? If so, Reznick has a Conflict of Interest with ASFX and should RESIGN.
What exactly does Dr Chris do anyway????? Besides hang out in FL, because it appears Roth, "Concorde Capital Ltd", Goldin are running the show at ASFX (on a part-time basis) with Reznick providing the legal support for all three of them.
"And a representative APPOINTED by Concode Capital Limited" (you forgot the "Limited" MM). Who/what is "Concorde Capital Limited"?????
Nothing about this power, why it was given, the relationship to SM, the relationship to Roth, the relationship to Reznick, the relationship to Goldin et al, was disclosed anywhere in the filings.
In addition, nothing was disclosed about the ownership of SM, except Roth owns 65%. NOTHING (Gotta love GAAP and the Arthur Anderson characters at ENRON). Gotta love SOX too, because disclosure is important to the SEC. As a matter of fact, DISCLOSURE IS EVERYTHING to the SEC.
Who is "Concorde Capital Ltd" and what control does it have over Roth via other operating business enterprises and/or agreements? Igor controls Concorde, does he also control Roth via other Agreements?????????????
Google "Concorde Capital Limited" BTW. I believe Reznick's office in Kiev, Ukraine is within walking distance of the "Concorde Capital Ltd." office. I wonder if Concorde Capital Ltd secretaries answer Reznick's phone over there????
And Section 1.3.5 confirms Roth is Not a full-time employee of ASFX, and more importantly, "conflicts of interest" could arise. Shaaazzammmm.
Which, of course, begs the question, "How much time does Roth actually spend on ASFX business?"
15th post, I'll see you on Thursday.
Section 1.3.4
Sorry MM, but it clearly states SM has control over the BOD.
Then the question(s) is, whats Roth's relationship with his partners.
Not one word about this in the filings.
Section 1.3.5
Shazzzammmm SM is providing "goods and services" to ASFX, and more importantly, that Roth is not Full-Time with ASFX. And that "Conflicts of Interest could Arise" between ASFX, Roth and his partner(s).
The Patent sales agreement between SM and ASFX. Specficly, the "Purchase Price" section of the agreement.
The Roth's 65% ownership of SM is disclosed in SEC filings, but not his other business activities/involvement with the other 35% owner(s).
God knows what other business dealings Roth has with this other business partner(s).
"That's just more of your BS, since it CERTAINLY IS NOT in the filings!"
LOL MM, and thats the WHOLE problem. It's NOT, as you say, in the Filings
But its in the document that brought Roth and ASFX together.
The name of his business partner(in the ASFX documents), and full extent of his business relationship with Roth.
This business partner is NOT disclosed for some reason, yet he has control over the BOD of ASFX (again in the documents). Who the hell is he, MM????
Hmmmmmmmmmmmmmmmm
Amazing MM, you don't know about Mr Adkins.
AMAZING Sir.
Do you know about Roth's business Partner????? Again in the filings, but not disclosed.
MM, do you know who Mr Joseph Adkins is, and his importance to ASFX???????
EDIT - Like this MM!!!!!!!!!!!!!!
The business partners that own 35% of SM. They have control over 2 director postions.
Its clearly stated in the Documents that Roth has other business interests and that these business interests, in fact, provide goods and services to ASFX.
Proper disclosure is the way, not someone on the phone. Maybe for YOU, but not for me.
Someone has Control over 2 of the 3 director positions. Who the hell is he, and why does he have this control??????
Not one word about it in the SEC filings, NOT ONE.
I did, the SEC filings. The simple fact, that Roth is not a full-time employee at ASFX and has other business interests, is a HUGE "Conflict of Interest" and should be fully disclosed. And its not.
Then update the SEC filings, regarding Roth's business partners at SM, his other business activities at SM and elsewhere, his conflicts of interest (like Reznick and his other employment activities), the CFO leaving, Howard's current situation, connections of Goldin with various ASFX officers and directors, and their related busiess enterprises.
Its required per GAAP and GAAS. "Related Party Transactions"
Its called "DISCLOSURE".
When's the ANNUAL Shareholders' Meeting???????
The CFO leaving is considered a "material event" by the SEC, and ALWAYS requires an 8k. I know ASFX is NOT required to disclose (a Pinkie) this info, but if they want to play with the "Big Boys" and uplist, then start playing by the rules.
Did he talk about the 3rd Qtr Financial Disaster??????????
Like "NO SALES" and the "Interest Enpense". Any word about the CFO????
????????????? Could you give an example Please.
And this law firm was clearly stated in the company website.
The real question Dog is, "What info is available about this firm?"
And since I've showed up and starting posting DOG, the CFO just happens to "hit the road".
The CFO leaving is a HUGE "RED FLAG".