Value Microcaps Zip Code Changers

[Potse]

ASKH(.0345)...shell, accumulated a position.....

This is an extremely high-risk investment, primarily because of the deliquency in the company's SEC filings (late with its 2014 10-K and the first two quarterly reports for 2015).

I finished accumulating a position in the ASKH shell. Last reported share structure was 11.1M shares outstanding, with a float under 3M. Depending on whether there has been any significant/negative changes in the company share structure or debt since the last report, the valuation of this shell around the 1-3 cent area looks reasonably attractive to me for entry/accumulation (under $400K market cap).

The current CEO purchased control of ASKH in late 2013. In early 2014 a new business direction/focus was announced (strategic acquisitions and business activities in Asia and New Zealand), and there was some promotional activity of the stock at various times throughout the year. As far as I am aware, none of the potential acquisitions were completed, so ASKH should still be a relatively clean shell (depending on the conditional statements I made above, of course).

It has gone largely unnoticed by investors, but the CEO registered a new website for the company in early August 2015. It appears that the company has refocused and is preparing another relaunch of the business plan. A new acquisition target (a textile company in China) is prominently featured on the new site.

The press release on the website mentions the possibility of acquiring dairy operations in New Zealand, and also reaffirms ASKH's continued interest in the industrial hemp market in Asia and New Zealand. It is also interesting to note the PR states that the company intends to update its SEC filings.......

Mr. Richards, who also holds the title of Chief Executive Officer, in conjunction with Astika Holdings, is in the process of making the necessary updated filings in its Form 10K, Q’s and Form 8-K’s which will be filed on the US SEC EDGAR system providing the specifics of these developments.

http://nantongglobalventures.com/
http://nantongglobalventures.com/astika-holdings-inc-relaunches-its-corporate-direction/