Another RB post from onwhoknows re AFSI formation:
By: onewhoknows
Reply To: 18007 by Orlow Wednesday, 8 Mar 2000 at 1:59 AM EST
Post # of 18028
Orlow it is an interesting question an one I am not 100% sure of. According to the PR biz.yahoo.com there was 9,000,000 restricted shares issued to acquire A4S Hong Kong. The question is what did they actually get for 9,000,000 restricted shares. Ziasun has made no announcement regarding disposing of the remaining 30% that I am aware of.
If we assume 9,000,000 shares were issued and that equals 100% of A4S I would assume Ziasun retains
30% and the people who owned the Indonesian company that bought the 70% received 70% of the issued
shares. If and please note this is only a guess then it would seem that the Indonesian company outlayed
$5,000,000 to buy the 70% and when the US company bought A4S (HK) they received 70% of the
9,000,000 shares or 6,300,000 shares or at todays price worth around $60,000,000
At this point I am just guessing and maybe wrong but then these shares are restricted. I seem to remember
the name change involved a company with 1,000,000 shares. I sort of think that would be the unrestricted
shares but some of them may be restricted so I guess it is small to very small in the form of unrestricted. If I
am right I would expect a pop sometime down the road with a small float.
Note lot of guesses and maybes in this and I will try to get it better. This is intended for my use only and may
be wrong so all are advised to do own DD and not rely on any statements herein.
me |
