(AAGH .079)
Asia Global Holdings Corporation Demands Removal From Listing on Berlin Stock Exchange , And orders NOBO list
This will bounce from here, when the results are public. Naked shorts will cover either before or after,either way it will happen. T/A is on the bottom and today(11/24) looked like a buy confirmed.
LOS ANGELES, Nov 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) announced today that on Friday, it was made aware that the Company had been listed on the Berlin-Bremen Stock Exchange without the Company's permission or consent. Listing of shares on the Berlin-Bremen Stock Exchange has in the past been associated with naked shorting of shares in the United States.
Mr. Michael Mak, Asia Global Holdings CEO stated, "The Company is presently investigating this matter and is very concerned regarding the unauthorized listing and has requested that the Berlin Exchange remove the Company's stock from the exchange. Investors interested in acquiring shares of Asia Global Holdings security should do so only on the NASDAQ over the counter Bulletin Board under the trading symbol AAGH.
Mr. Michael Mak further stated, "The Company is in the process of taking steps to protect its shareholders from potential illegal naked shorting of its security in violation of NASD Rule 3370. The Company is in the process of acquiring its NOBO list and upon receipt will immediately turn it over to the Company's attorneys to examine for discrepancies in share structure
Nov 22, 2006 (M2 EQUITYBITES via COMTEX) -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH), a holding company for media & advertising and marketing services firms in China and other emerging markets, on 21 November reported its financial results for the third quarter ended 30 September 2006.
The company's revenue in the third quarter surged to USD2.02m, a 394% gain compared to USD408,222 in revenue for the third quarter of 2005.
Profit before provision for income tax in the three months ended 30 September 2006 amounted to USD1.02m, while fees of USD1.64m paid in common stock during the quarter brought about a net loss of USD693,643.
The fees were settled in the form of issuance of common stock, resulting in no effect to the cash flow in the period, Asia Global Holdings Corp said.
No comparison figures were provided for the profit/loss in last year's third quarter but the company said it saw a positive increase in profits from normal business operations, which it attributed to increased sales and profits in its media & advertising segment in China and Hong Kong, and tightly controlled expenses.
I was in CSHD, and SSSU(and got out in time!), I have a good feeling about this one. IMHO
HE WHO HASTENS TO BE RICH WILL NOT GO UNPUNISHED!!
