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Sunday, March 18, 2007 11:33:24 AM
All I can say is anyone thinking of selling at this time is making a mistake IMO. We have waited a long time to get to this point. I would like to see the next press release HMMMMMMMMMMMMM.
Caption from the Press release March 14, 2007
With the Company positioned to close on the aforementioned transactions, management believed it was imperative to restructure the capitalization table of the corporation.
To qualify for the particular registrations that would enable AGHC to raise the funds to complete these transactions, and to eradicate a 750,000,000-share short position, the Company reined in and cancelled 2.8 billion shares outstanding.
AGHC's goal is to attain a 51% interest in each of its acquisition targets. It intends to inform its shareholders incrementally, either on a weekly or bi-weekly basis, of the progress made as it builds its ownership position in each business, and plans to issue GAAP II audited financial statements.
The Company is looking forward to operating in an accountable and transparent manner moving forward, with AGHC's management and team members flowcharting the best ways to achieve transparency. The Company likewise plans to position itself, through acquisitions, growth and the maintenance of an orderly market for its securities, to become a reporting company and to eventually list its securities on an exchange.
About AuGRID Global Holdings Corporation
AuGRID Global Holdings Corporation is a holding company that seeks to increase its asset base and shareholder value through the acquisition of private companies in diverse industries that have proven revenue generation abilities, defensible business plans, and a product or service to which its target market has demonstrated receptiveness.
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