Asia Global Holdings Corp. (fka AAGH)

[war_eagle]

I'll tell you about another little slight-of-hand by Mak and company. I do my DD but I don't always post everything I find (or act on it like I should).

On 8-13-08, the 2Q report showed that Mak still owed the company $546,890 on an interest free loan.

On 10-29-08, Mak resigns.

On 11,17,08, Mak surrenders 150,000 prefered shares, equivalent to 30,000,000 common shares.

On 11-19-08, the 3Q report shows that Mak owes nothing. Hummm...

I e-mailed the company and down right accused them of sliding money under the table for those 30 million shares. They DID reply to that one and said the two transactions were completely separate and the auditor knew about it. Yeah Right! Two transactions can be on separate pieces of paper to make it legal but they are still very much related.

If you do the math, Mak essentially sold his 30 million shares for 1.82 cents/share and collocted $546,890.

At the time, the stock was trading at 3 cents so I should have sold then. Don't call me stupid because I'm kicking myself enough for everybody.