SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : OTC:BB ASMC Asia Media "My Web" internet service -- Ignore unavailable to you. Want to Upgrade?


To: jjs64 who wrote (57)3/25/1999 1:36:00 PM
From: B A V  Read Replies (1) | Respond to of 147
 
The news reports is what is moving the stock today. Isn't it great. It looks like they are still going to really try to reach their goals on 2 mill subscribers by the end of this year and 10 million by the end of next year. I heard through the grapevine that there are still 2 more big announcements coming out today and tomorrow. Kinda the don't ask and don't tell policy.

BAV



To: jjs64 who wrote (57)3/25/1999 2:13:00 PM
From: Charlie Schultz  Respond to of 147
 
Thanks for the report

Almost afraid to hear the second half

Whats your opinion???

charlie



To: jjs64 who wrote (57)3/25/1999 4:31:00 PM
From: jjs64  Read Replies (3) | Respond to of 147
 
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!