ASKH DD DD CONFIRMING $80MIL REVENUE MERGER FINALLY CLOSING:
THIS DD CONFIRMS THE MASSIVE ACQUISITION THAT WAS TO BE CONSUMMATED IN 2015. THE WEBSITES AND NEW ZEALAND BUSINESS DIRECTORY ARE UNDENIABLE EVIDENCE THAT THE MERGER IS FINALLY CLOSING VERY SOON WITH THE CEO'S RECENT EMAIL RESPONSE...
Earlier this week a poster received an email from the (now previous) CEO saying that we will be seeing updates early next month; meaning a few weeks. Note that the CEO now addresses himself as "director":
The response from the CEO comes shortly after SEC filings were posted and the OTCmarkets status has changed to "current" (SEC filings are much more expensive than OTCmarkets filings):
https://www.otcmarkets.com/stock/ASKH/filings
From the most recent filing and OTCmarkets update it is also confirmed that the OS as of November 10, 2017 is an astounding 25,291,838:
https://www.otcmarkets.com/edgar/GetFilingHtm...D=12378885
https://www.otcmarkets.com/stock/ASKH/profile
We can also see that there are hardly any notes to be sold from looking at the most recent filing. Now, the only shares being sold are by the acquisition company that is owned by the CEO. This is most likely to pay for all of the filings and merger developments. The share issuances are TINY if one looks at the transactions:
https://www.otcmarkets.com/edgar/GetFilingHtm...D=12378885
Even MORE interestingly, at near the time of the email response from the CEO, VNDM has hardly came down from the 0.02 ask and if he does he only has around 10K shares to sell... Further indication that the merger funding is pretty much complete!
Now, how do we know that this is the same merger that started in 2015?
We can see that back in 2015 this HUGE $80MILLION+ REVENUE per year textile company was to be merged into ASKH:
http://nantongglobalventures.com/astika-holdi...ection/#13
Quote:
Jiangsu Ziyang was established in 2007 with registered capital of $10,000,000 US dollars. The Company has its plant situated at a national development zone, covering an area of 34,000 square meters and a floor area of 23,000 square meters. Jiangsu Ziyang also maintains centers for research & development, pattern making & sampling, production, dispatching, warehouse logistics, with an annual output capability reaching RMB 500,000,000 Yuan, $80,555,511 US dollars.
Another poster on this board did some DD and found this document that states ASKH had been registered in September 2017 by Gillian Smith. Shares also changed hands from Ralph Willmott (one of the officers listed on OTCmarkets) to Jian Xu (The Chinese owner of the big textile company and our new CEO):
http://app.companiesoffice.govt.nz/companies/...1%2Fdetail
http://app.companiesoffice.govt.nz/companies/...equirement
EVEN MORE confirmation is that this Jiangsu Ziyang company just registered back in May 2017 at the EXACT same address as ASKH:
https://www.newzealandcompany.info/Jiangsu-Zi...d-6282709/
Now who the heck is our new CEO Jian Xu? Well I can tell you that he is someone quite special within the government of China. Hence, $80MIL revenues might not be hard to fathom here. These are his credentials:
Quote:
Jiangsu Ziyang is a chairman unit of the Summer Home Textile Committee of China, a managing director unit of the China Home Textile Association, a Senior Vice Chairman unit and a secretary general unit of the Nantong Home Textile Chamber of Commerce. It acts as the Summer Articles Research & Development Center of China and a member of the China Committee for Home Textile Standardization. Jiangsu Ziyang has been authorized by the Ministry of Industry and Information Technology to draw up product stands for national cool products of summer.
Jiangsu Ziyang has won 1 patent for invention, 12 patents for utility models, 4 design patents, and 40 copyrights in the field of cool products of summer.
Mr. Xu Jian is the CEO of Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd. He was recently appointed to be a member of the standing committee of the Chinese political consultative conference. He is also, Vice Chairman of China's home furnishing association, vice executive member of the China home textile association, vice director of China home textile bedding association, vice chairman of general chamber of commerce of Nantong economic zone, and vice chairman and secretary general of Nantong home textile association. From 1998-2001 he was general manager of Zhejiang Silk Group. In 2001-2007 he became general manager of the Ziyang company and in 2007 to the present, he rose to the CEO of Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd.
https://www.marketwatch.com/story/10-k-astika...2017-07-31
Quote:
(1) member of the standing committee of the Chinese political consultative conference. He is also,
(2) Vice Chairman of China’s home furnishing association,
(3) vice executive member of the China home textile association,
(4) vice director of China home textile bedding association,
(5) vice chairman of general chamber of commerce of Nantong economic zone, and
(6) vice chairman and secretary general of Nantong home textile association.
From 1998-2001 he was general manager of Zhejiang Silk Group. In 2001-2007 he became general manager of the Ziyang company and in 2007 to the present, he rose to the CEO of Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd.
https://investorshub.advfn.com/boards/read_ms...=135212059
Now for whatever reason this merger has taken a few years to consummate, but we can definitely see that it is all coming together from the most recent annual report (10K filing):
Quote:
China is the largest producing and exporting nation of hemp textiles and related products, as well as a major supplier of these products to the United States. "China produces 38% of the world's hemp fiber supply; and 80% of the world's hemp seed supply. The Chinese plan to increase the current 150,000 acres of hemp production to over 1,000,000+ acres over the next decade," Malinda Geisler of the Agricultural Marketing Resource Center.) As global demand for hemp is increasing, the Company's existing relationships with China coupled with New Zealand infrastructure for seed production and food processing along with New Zealand's temperate climate and ideal soils offers Astika a position to capture the added value and economic benefits that this opportunity presents.
Astika's entrance into the Industrial Hemp sector is in conjunction with Astika's commitment to acquisitions and development of agriculture in Asia and New Zealand with (3) the New Zealand Dairy Sector. There are large rural areas and dairy farmers eager to work with Mark Richards, the President of Astika, to potentially acquire and grow their operating dairy farms. The food service sector is intended to benefit the future of Astika's shareholders along with the Asian, New Zealand and World Markets.
Results of Operations for the Year Ended December 31, 2016 Compared to the Year Ended December 31, 2015
Revenues. The Company did not have any revenue for the years ended December 31, 2016 and 2015. The lack of revenue was due to a change in the business plans of the Company.
https://www.marketwatch.com/story/10-k-astika...2017-07-31
One also might be wondering why the ask might look thicker than a 30MIL OS's stock. The reason being, I suspect, is because the CEO has been using VNDM to all of those merger transaction shares under and around the 0.01 level. So I can only assume that once we break passed 0.02-0.03 and start to churn a little bit, it will get really really really Fing thin.
So here are the key points to sum it all up:
-Merger has been in the works since 2015
-Merger consists of large textile company producing $80MIL+ revenues per year owned by significant Chinese player, hemp business, dairy business
-25MIL OS CONFIRMED
-Tiny amounts of notes being sold (likely to pay for the merger)
-Documents and filings (on OTCmarkets AND NZ business directory) over the last few months confirm something is happening
-This week the CEO finally responded to a shareholder via email and said early December we will see something
THIS DD CONFIRMS THE MASSIVE ACQUISITION THAT WAS TO BE CONSUMMATED IN 2015. THE WEBSITES AND NEW ZEALAND BUSINESS DIRECTORY ARE UNDENIABLE EVIDENCE THAT THE MERGER IS FINALLY CLOSING VERY SOON WITH THE CEO'S RECENT EMAIL RESPONSE...
Earlier this week a poster received an email from the (now previous) CEO saying that we will be seeing updates early next month; meaning a few weeks. Note that the CEO now addresses himself as "director":
The response from the CEO comes shortly after SEC filings were posted and the OTCmarkets status has changed to "current" (SEC filings are much more expensive than OTCmarkets filings):
https://www.otcmarkets.com/stock/ASKH/filings
From the most recent filing and OTCmarkets update it is also confirmed that the OS as of November 10, 2017 is an astounding 25,291,838:
https://www.otcmarkets.com/edgar/GetFilingHtm...D=12378885
https://www.otcmarkets.com/stock/ASKH/profile
We can also see that there are hardly any notes to be sold from looking at the most recent filing. Now, the only shares being sold are by the acquisition company that is owned by the CEO. This is most likely to pay for all of the filings and merger developments. The share issuances are TINY if one looks at the transactions:
https://www.otcmarkets.com/edgar/GetFilingHtm...D=12378885
Even MORE interestingly, at near the time of the email response from the CEO, VNDM has hardly came down from the 0.02 ask and if he does he only has around 10K shares to sell... Further indication that the merger funding is pretty much complete!
Now, how do we know that this is the same merger that started in 2015?
We can see that back in 2015 this HUGE $80MILLION+ REVENUE per year textile company was to be merged into ASKH:
http://nantongglobalventures.com/astika-holdi...ection/#13
Quote:
Jiangsu Ziyang was established in 2007 with registered capital of $10,000,000 US dollars. The Company has its plant situated at a national development zone, covering an area of 34,000 square meters and a floor area of 23,000 square meters. Jiangsu Ziyang also maintains centers for research & development, pattern making & sampling, production, dispatching, warehouse logistics, with an annual output capability reaching RMB 500,000,000 Yuan, $80,555,511 US dollars.
Another poster on this board did some DD and found this document that states ASKH had been registered in September 2017 by Gillian Smith. Shares also changed hands from Ralph Willmott (one of the officers listed on OTCmarkets) to Jian Xu (The Chinese owner of the big textile company and our new CEO):
http://app.companiesoffice.govt.nz/companies/...1%2Fdetail
http://app.companiesoffice.govt.nz/companies/...equirement
EVEN MORE confirmation is that this Jiangsu Ziyang company just registered back in May 2017 at the EXACT same address as ASKH:
https://www.newzealandcompany.info/Jiangsu-Zi...d-6282709/
Now who the heck is our new CEO Jian Xu? Well I can tell you that he is someone quite special within the government of China. Hence, $80MIL revenues might not be hard to fathom here. These are his credentials:
Quote:
Jiangsu Ziyang is a chairman unit of the Summer Home Textile Committee of China, a managing director unit of the China Home Textile Association, a Senior Vice Chairman unit and a secretary general unit of the Nantong Home Textile Chamber of Commerce. It acts as the Summer Articles Research & Development Center of China and a member of the China Committee for Home Textile Standardization. Jiangsu Ziyang has been authorized by the Ministry of Industry and Information Technology to draw up product stands for national cool products of summer.
Jiangsu Ziyang has won 1 patent for invention, 12 patents for utility models, 4 design patents, and 40 copyrights in the field of cool products of summer.
Mr. Xu Jian is the CEO of Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd. He was recently appointed to be a member of the standing committee of the Chinese political consultative conference. He is also, Vice Chairman of China's home furnishing association, vice executive member of the China home textile association, vice director of China home textile bedding association, vice chairman of general chamber of commerce of Nantong economic zone, and vice chairman and secretary general of Nantong home textile association. From 1998-2001 he was general manager of Zhejiang Silk Group. In 2001-2007 he became general manager of the Ziyang company and in 2007 to the present, he rose to the CEO of Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd.
https://www.marketwatch.com/story/10-k-astika...2017-07-31
Quote:
(1) member of the standing committee of the Chinese political consultative conference. He is also,
(2) Vice Chairman of China’s home furnishing association,
(3) vice executive member of the China home textile association,
(4) vice director of China home textile bedding association,
(5) vice chairman of general chamber of commerce of Nantong economic zone, and
(6) vice chairman and secretary general of Nantong home textile association.
From 1998-2001 he was general manager of Zhejiang Silk Group. In 2001-2007 he became general manager of the Ziyang company and in 2007 to the present, he rose to the CEO of Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd.
https://investorshub.advfn.com/boards/read_ms...=135212059
Now for whatever reason this merger has taken a few years to consummate, but we can definitely see that it is all coming together from the most recent annual report (10K filing):
Quote:
China is the largest producing and exporting nation of hemp textiles and related products, as well as a major supplier of these products to the United States. "China produces 38% of the world's hemp fiber supply; and 80% of the world's hemp seed supply. The Chinese plan to increase the current 150,000 acres of hemp production to over 1,000,000+ acres over the next decade," Malinda Geisler of the Agricultural Marketing Resource Center.) As global demand for hemp is increasing, the Company's existing relationships with China coupled with New Zealand infrastructure for seed production and food processing along with New Zealand's temperate climate and ideal soils offers Astika a position to capture the added value and economic benefits that this opportunity presents.
Astika's entrance into the Industrial Hemp sector is in conjunction with Astika's commitment to acquisitions and development of agriculture in Asia and New Zealand with (3) the New Zealand Dairy Sector. There are large rural areas and dairy farmers eager to work with Mark Richards, the President of Astika, to potentially acquire and grow their operating dairy farms. The food service sector is intended to benefit the future of Astika's shareholders along with the Asian, New Zealand and World Markets.
Results of Operations for the Year Ended December 31, 2016 Compared to the Year Ended December 31, 2015
Revenues. The Company did not have any revenue for the years ended December 31, 2016 and 2015. The lack of revenue was due to a change in the business plans of the Company.
https://www.marketwatch.com/story/10-k-astika...2017-07-31
One also might be wondering why the ask might look thicker than a 30MIL OS's stock. The reason being, I suspect, is because the CEO has been using VNDM to all of those merger transaction shares under and around the 0.01 level. So I can only assume that once we break passed 0.02-0.03 and start to churn a little bit, it will get really really really Fing thin.
So here are the key points to sum it all up:
-Merger has been in the works since 2015
-Merger consists of large textile company producing $80MIL+ revenues per year owned by significant Chinese player, hemp business, dairy business
-25MIL OS CONFIRMED
-Tiny amounts of notes being sold (likely to pay for the merger)
-Documents and filings (on OTCmarkets AND NZ business directory) over the last few months confirm something is happening
-This week the CEO finally responded to a shareholder via email and said early December we will see something
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