News Focus
News Focus
icon url

medchal

02/24/12 12:51 PM

#30639 RE: AsianGroup #30613

"... those financials closed about how many months ago ...?"  Less than five months ago, and the company hasn't provided any further update.  Of course, the cash increased by $9.61 over the one-year period!

"My guess is the new MGT Team has plenty of $$$"  It doesn't matter whether your guess is right, or how much "$$$" the "management team" has unless the "team" gives it or lends it to the company.  My guess is that the "Notes Payable Shareholder" will simply increase by whatever amount of cash is absolutely required to keep the game going until the dump is completed, just as that line item increased $1,400 over the annual period ending September 30, 2011.  Want to make a bet on that?

"we just saw a Press Release last week, that's what, $750?"  I'm not sure, but possibly the company just didn't pay that bill -- just as it hasn't paid $4,202.27 of its other current liabilities (and has nothing with which to pay them, unless the shareholder (he of the "Notes Payable Shareholder") coughs it up.  There have been no revenues, let alone profits, for at least a year.