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Re: carl405040 post# 17528

Thursday, 08/14/2008 12:20:40 AM

Thursday, August 14, 2008 12:20:40 AM

Post# of 20076
I believe AAGH stock compensation to the execs with periodic selling has probably keep us in a stalled pattern for the last few months or so IMO.

FROM SEC FILING:
On May 22, 2008, the Company issued 2,000,000 shares of its common stock to Mr. Michael Mak, Chief Executive Director to compensate as signing bonus under the employment agreement dated August 18, 2006. At the same day of May 22, 2008, the Company approved and issued 1,000,000 shares and 500,000 shares of its common stock to Mr. John Leper, a director of the Company and Mr. Ng Hing, a director of the subsidiary as remuneration compensation for their services. The fair value of these stock issuances was determined using the fair value of the Company’s common stock on the grant date, at a market quoted price of $0.0825 per share. The Company recognized $123,750 to the statements of operations for the six months ended June 30, 2008.

As of June 30, 2008, the number of authorized and outstanding shares of the Company’s common stock was 300,000,000 shares and 133,362,000 shares, respectively.

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