Asia Global Holdings Corp. (fka AAGH)

[jacobboaz]

Amounts due from related parties . Amounts due from related parties are unsecured, interest free and repayable on demand and include the following: (i) amounts due from entities under common control by the Company’s President, who is also the Chief Executive Officer and the interim Chief Financial Officer of the Company totaling $1,191,936; (ii) amounts due from officers $486,048 and (iii) amounts due from minority shareholders of $820,513.

It was nice to see that ARs decreased by 1.4 mil in the first quarter. But I cannot understand the "unsecured, interest free and repayable on demand" loans(?). I noticed that these increased 1.4 mil in the 1st quarter, almost the same amount the ARs decreased. Ummmmm!