Replies to post #6364 on Astika Holdings Inc (ASKH)

[puffadder]

Great stuff Z - nice that someone was able ...

to get a hold of Richards which has been close to impossible since he is in and out of Causeway.

Nice update on the audit - confirms what I had heard.

Typical otc delays - nice load zone.

[mrcalifornia]

Beauty update Zeepak. Appreciated and confirmation of what some here have uncovered in other ways than getting ahold of Richards himself. Looks like there were other “ phone calls made” LMAO
Again thanks

[Renegades17]

I pointed out the audit issue a long time ago

And was criticized...it's more than counting inventory, as another poster suggested. I don't believe the target was employing US GAAP. Also, the auditors will be very careful to make sure the revenues are legit (and not due to stuffing channels). I can see why this is taking time. There's also the issue of accruals..

The financing issue was also an obvious reason for the weakness. I hope he can work that out.

On the positive side, it's unlikely the target is going to start an M&A process with another buyer until this one reaches a conclusion. It's time consuming to go through due diligence and could result in a delay of several months. They obviously want this done too provided the financing is in place.

[PennyWhale]

Thanks, zepak!

Soon enough it will explode!

[Welcome2Pinkyland]

sweet. thanks for sharing $ASKH $$$$

[ChefPhil2012]

Outstanding Job zepak!!!

[Bizman2]

It’s nice to hear something

[zoneup]

so you got ahold of Mr. Richards last Wednesday but didn't share till Monday? and got in touch with someone that nobody else can? all in, I call, think its a bluff

GO ASKH!

[stockyard10]

Good news, let’s hope it happens soon.

[tknuncle]

Thank you zepak for sharing this information with all of us :). It was very kind of you to take the time to write such a detailed post. Great job! GLTA involved with ASKH