The real ASMCD Story - Part I
ASMCD - Asia Media
Surprisingly there are filings on this company, albeit very late filings. The 10Q's and K's for 1997 and 1998 were not filed until January 1999. The accountants are Wlosek & Braverman LLC.
Until early 1996 this was a bankrupt shell called Sperzel-Nv. Sperzel went bankrupt in 1992 and emerged from Chapter 11 December 1995.
The company announced a merger with a Belgian based company which distributed imported vodka in Russia. The former press contact was Steve Saide of Bryan Cave of 245 Park Ave, New York, NY. Phone number 212-692-1800
Steve Saide, Esq. was listed as the contact for ASMCD's first Edgar filing on 4/1/96 (an NT-10k). In that filing ASMCD was listed as having offices on Rue Fritz Courvoisier 40, 2300 La Chaux de Fonds, Switzerland. The Chairman was Ian Rice. The CEO & CFO was Anthony Cataldo. Cataldo was formerly Chairman and CEO of Management Tech
(MTCI). Cataldo left MTCI in mid 1995, and then proceeded to get a pay raise by becoming a "consultant" to the company. Cataldo next appeared at Senetek (SNTKY) as the Chairman and CEO.
Senetek was, for a time, pushed by an analyst named Rick Joshi who worked at Wharton Capital (http://www.whartoncap.com). Wharton was involved in JTS Corp (JTSC), check JTSC's 424B3 filing of 2/7/97, Senetek (SNTKY), SyQuest (SYQTQ), Wave Systems (WAVX), Bristol Retail (BRTI) and others. Wharton is associated of a company called GEM Ventures.
Cataldo resigned from Senetek on December 31, 1998. Senetek had purchased Carme (CAME) in 1995. On November 20, 1998, Francis Wazeter and other Carme insiders have settled charges with the SEC for cooking the books at Carme. One Carme executive, John Howell, was fined 1.92 million and sentenced to 10 months in prison.
At first ASMCD tried to acquire, from another Ian Rice controlled entity a video library, for over 3.5 million shares, which did not go through.
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