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coopdog

05/22/07 8:08 PM

#9202 RE: cmaman2029 #9190

I have no idea actually if there are any China regulations or holding and disclosure requirements for those shares to the consultants. I assume they could do whatever they want with them once issued and wouldn't be surprised at all if most of them sold a good chunk. I would of too. As far as I know you can't pay your mortgage and groceries with AAGH shares and having Cash can come in handy sometimes. I believe they are all contracted for a year if memory serves me correct though.

As far as a Scam as people some are hinting at I am having trouble seeing that. I do know that Mak's (Stanford) shares of 11.5 million hasn't changed so wouldn't Mak of unloaded shares at higher prices and pumped along the way? Why even attempt to give away shares to consultants to grow and expand into new businesses when he instead could of been quietly dumping himself when the pps was trading much higher and the o/s was only 20 or 30 million? I have a hunch he might have known the s-8's would cause a short term pps decline but is looking longer term so I am failing to see the scam logic on this one so far. I read some old PR's (from '04 I think) and vaguely remember one saying how they were focused on expanding in China over the next 5 years and that is exactly what they seem to be doing. They had raise Cash and Capital some way to do that and chose the s-8 option vs. major debt or selling common on the open market.
But, this is the pennies and certainly are full of scams so I can always understand someone's skeptism and doubt at times.