To: +jjs64 (57 )
From: +jjs64 Thursday, Mar 25 1999 4:31PM ET
Reply # of 67
The real ASMCD Story - Part II
When we last left our little penny stock, Ian Rice was attempting to merge a company he and his daughter controlled into the shell that he controlled. Well, somehow that did not work out, so here's what happened next..
The company then filed an 8k, in March 1996, when they announced the merger with KGI (the vodka company). The principals of KGI were Riccardo Fanchini, with a listed address in Luxembourg, and Robert Gaspar. On October 9, 1996 this merger (with KGI) also fell through. At this point Cataldo quit. Rice's wife Anke joined the board, as did a Charles Buhlmann. There are 7 million shares outstanding at this point according to a 10Q.
In October 1996, Edward Tobin of GEM Ventures (Whose company did some privates for Diana/Coyote a few years ago) and an entity called D-Vine Investment Partners (IRS ID number 13-3911256), filed that they owned 3.65 million shares of ASMCD (76% of the shares out). D-Vine is a partnership between Tobin and Chris Brown. Both work at GEM Venture. They bought the shares from an Ian Rice controlled enitity called Marlow Partners for .04 each. Ian Rice was then granted 750,000 shares of stock for "services rendered."
Ian Rice is now the CEO of Ikon Ventures (IKON). IKON has been involved in some disputes with Corsair (NCDR), which is now controlled by Carmine Bua and Rene Hamouth, of San Diego. Corsair has also been linked to ZZAP.Net, now known as High Speed (HSNS) of Fort Lauderdale.
Asia Media, at this point, is located at 712 5th Avenue 7th Floor. NYC, NY. with a phone number 212 582-3400. This is the same address and phone number as GEM Ventures. Ed Tobin has another entity called AMC International Holdings, a BVI company, with offices at 245 Park Ave, New York, NY. Phone 212-629-1900 (Sound familiar?, See Part I of the saga)
In August of 1997 the company issued to Oceanic Strategic Holdings (also referred to as Ocean Strategic Holdings) a warrant for 1,000,000 shares of stock, struck at .01. The company claims Oceanic is an unrelated third party. This warrant is unaffected by any reverse splits and expires in August 2001. Oceanic is referred to as a Guernsey corporation and as a Jersey corporation in different filings.
Hmmm.. one million shares at a cost of .01....
Buyer Beware!
|
