Replies to post #16127 on Asia Global Holdings Corp. (fka AAGH)

[heptikus]

Ali...I could be wrong, but the only restricted shares I'm aware of were those 2MM for Mak's first year of service. Those were available for trading mid-Aug of 07. As far as I know all of the S-8s were not restricted because they were paid to "non-affiliates".

"The common stock issued pursuant to this Stock Plan shall not be subject to any restriction on transferability. Recipients of shares other than persons who are "affiliates" of AAGH, within the meaning of the Securities Act of 1933 (the "Act"), may sell all or part of the shares in any way permitted by law, including sales in the over-the-counter market at prices prevailing at the time of such sale. AAGH is registering 25,000,000 shares pursuant to the Stock Plan. Any shares issued to a person who is an affiliate will direct such person to comply with the resale restrictions applicable to affiliates. An affiliate is summarily, any director, executive officer or controlling shareholder of AAGH or any one of its subsidiaries. An "affiliate" of AAGH is subject to Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"). If a consultant who is not now an "affiliate" becomes an "affiliate" of AAGH in the future, (s)he would then be subject to Section 16(b) of the Exchange Act. The common stock is traded on the National Association of Securities Dealers Over The Counter Bulletin Board under the symbol "AAGH". On August 16, 2007, the closing bid price for the common stock was $0.07 per share." From the 8-K for the last S-8

[jacobboaz]

Yes, Post #5824 references the PR of 11/10/06 that approximated income (before taxes) as $900,000.

Post 5824:
"Here’s the net income figures for the last 11 quarters (including the approximation for Q3 from Friday’s PR). It’s the graph that tells the story though.…

Net Income
2004 Q1 57,303
Q2 44,829
Q3 ( 37,926)
Q4 409,743
2005 Q1 999
Q2 71,199
Q3 ( 22,262)
Q4 (335,223)
2006 Q1 (107,685)
Q2 335,001
Q3 900,000"


And then the 10Q 10 days later:

Operating income (loss)
(689,699)


Income (loss) before income taxes (693,643)

Net income (loss) $ (875,053 )


That's why I say the 11/10/06 PR was false and misleading. The PR compared "income before taxes" to the previous year and approximated it as $900,000 and 10 days later it was a loss of almost ($700,000).