Aquagold International Inc (AQUI)

[learner1156]

The site that led me to the information I posted earlier was
http://answers.yahoo.com/question/index?qid=20080305092530AAkQrc5

Anyone know about this company? Aquagold?
This is what i know...

Company Name: AquaGold International

www.aquagoldinternational .com

1. They are finalizing a reverse merger which has been in the works for about 2 months.
2. They are a Canadian Spring water Company with Contacts and Distribution in China (a booming market). Additionally Wal-Mart has done a review of their bottling facility run by Iroquois and gave it high marks.
3. The water sector as many of us know is experiencing growth.
4. China has very extreme water problems stemming from Drought & Polution
5. Once this company is done with the reverse merger (should happen this week), they plan to release contract information with their Chinese Business partners. Aquagold has already stated that these contracts have exceeded $500 Million.
6. This stock currently trades in the .07 cent - .08 cent range and is poised to jump quickly to the .50 cent to 1$ range.

Does anyone have any other information about it? I'd like to know if its a sound investment.
2 weeks ago (Tiebreaker)
Additional Details
2 weeks ago

Ticker symbol = ONMC



Answerer 3
ONMC is a pinksheet which has no SEC filings so it is impossible to verify much of anything.

The claims made by this company are very grand, along with being a pink sheet stock makes it highly possible they are not true or will not come to be. The same company was involved in early 2007 with a convicted criminal for ~8 months which brings further doubt. One of the officers also is linked to people with some shady pasts and links to fraud.

The transfer agent will not release the share count and the last # was "roughly" 225 million shares in the float with 500 million restricted.

with ~725 million outstanding it gives a market cap of ~50 million dollars which is very high for a company with 0 history, 0 assets and a cell phone as the point of contact.

.50 to 1 dollar is not likely to ever happen .01 is far more likely in the coming months from my experience in such matters.

One VERY telling thing is that at the main message board where this stock is being pumped, NO seasoned penny investors are PRESENT WHATSOEVER. Only people new to the market, traders and people who have pump and dumped many stocks in the past .
********CAVEAT EMPTOR***********
2 weeks ago
Source(s):
http://www.doyourdiligence.com/onmc/redf...