posted
Well, now that the O/S is only about 211mil this might accually move, unfortunatly it moved today the wrong way!!! LOL Supposedly the CEO has been sick and now that he's better, there is suppose to be a lot of news coming. I'll believe it when I see it!!!
Posted by: J U ICE In reply to: None Date:3/14/2007 1:19:37 PM Post #of 17656
AuGRID Global Holdings Corporation Updates Shareholders on State of the Company Mar 14, 2007 1:14:00 PM 2007 *********wire, Inc. VINELAND, N.J., March 14, 2007 (PRIME NEWSWIRE) -- AuGRID Global Holdings Corp. (Pink Sheets:AGHD) today announced that it is working toward providing a comprehensive update to its shareholders that will provide information concerning the Company's recent restructuring and its activities moving forward.
Although the Company has been active operationally, management believes that the lack of press releases over the past several months may indicate stagnation to some. The Company asserts that this is not the case, as it has been moving toward completion of majority ownership of several acquisition targets announced during 2006, including a meat processing plant, a shoe company, Optipure, and a hotel. Management believes that the diversification of the Company is one of the most effective ways to restore shareholder value, and to participate in growth-oriented businesses that serve multiple consumer segments.
In addition, the Company is contracting with Jagged Peak, Inc., a leading provider of real-time, Web-based demand execution services and solutions, to handle all back office needs for its consumer electronics products.
With the Company positioned to close on the aforementioned transactions, management believed it was imperative to restructure the capitalization table of the corporation.
To qualify for the particular registrations that would enable AGHC to raise the funds to complete these transactions, and to eradicate a 750,000,000-share short position, the Company reined in and cancelled 2.8 billion shares outstanding.
AGHC's goal is to attain a 51% interest in each of its acquisition targets. It intends to inform its shareholders incrementally, either on a weekly or bi-weekly basis, of the progress made as it builds its ownership position in each business, and plans to issue GAAP II audited financial statements.
The Company is looking forward to operating in an accountable and transparent manner moving forward, with AGHC's management and team members flowcharting the best ways to achieve transparency. The Company likewise plans to position itself, through acquisitions, growth and the maintenance of an orderly market for its securities, to become a reporting company and to eventually list its securities on an exchange.
About AuGRID Global Holdings Corporation
AuGRID Global Holdings Corporation is a holding company that seeks to increase its asset base and shareholder value through the acquisition of private companies in diverse industries that have proven revenue generation abilities, defensible business plans, and a product or service to which its target market has demonstrated receptiveness.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as ``may,'' ``should,'' ``likely,'' ``expects,'' ``anticipates,'' ``estimates,'' ``believes'' or ``plans,'' or comparable terminology, are forward-looking statements based on current expectations about future events, which AuGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AuGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AuGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AuGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: AuGRID Global Holdings Corp. (856) 205-0856
-------------------------------------------------------------------------------- "The difference between genius and stupidity is that genius has its limits"
posted
HMMMMM....augc to aghd. special. I second your motion for shaheed. rivrwrat. Maybe we can call a share holders meeting and vote on that. I am sure it would pass in a second. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
IP: Logged |
posted
This release is BOGUS. MJ and his partners Gucionne, Luthy and Mintzer wrote this garbage. Call Gucionne and Luthy at 516-504-3981 X301 which is another firm that G&L are selling shares and splitting $$ with the principals. Both are pinks and have little or no bid at .ooo something. Both companies did a 1000-1 RS along with another company in Florida PRHB. All principals and G&L are the ONLY ones making $$$$$. I am sure the SEC is looking into this matter since both G&L were fined and suspended and had their firm closed down 10 years ago. It seems only the crooks get rich. What happened to the American Dream. They are like Blood Diamond. EOM
-------------------- a penny saved is a penny i can make millions on the pinks
IP: Logged |
quote:Originally posted by rivrwrat: This release is BOGUS. MJ and his partners Gucionne, Luthy and Mintzer wrote this garbage. Call Gucionne and Luthy at 516-504-3981 X301 which is another firm that G&L are selling shares and splitting $$ with the principals. Both are pinks and have little or no bid at .ooo something. Both companies did a 1000-1 RS along with another company in Florida PRHB. All principals and G&L are the ONLY ones making $$$$$. I am sure the SEC is looking into this matter since both G&L were fined and suspended and had their firm closed down 10 years ago. It seems only the crooks get rich. What happened to the American Dream. They are like Blood Diamond. EOM
well, now, there's a post...lol
Where'd you find out about the bogus release?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
posted
There are a lotta scams out there. More so now than ever before. Though the pinks top the list for same you see it happenning on the AMEX and even the NASDAQ sometimes. Between MM manipulation, naked short selling, dilution, hedge fund tricks, black box trading, failure to deliver, etc., etc. it's harder than ever to make a buck in the market except on quick short trades. Time to get in FOREX.
IP: Logged |
posted
Well this is interesting!! Check out the Affliates tab and see who's name comes up. Any connection with China is a win-win situtation the way that country is growing.
posted
I'll add the following to the Hong Kong connection:
AUGRID HONGKONG LIMITED 8K 11/8/06...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
November 08, 2006 Date of Report (Date of earliest event reported)
AUGRID CORPORATION (Name of small business issuer in its charter)
NEVADA 34-1878390 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.)
7 North - 6th Street, Vineland, New Jersey 08360
Phone 856-205-0856 (Issuer's telephone number)
<PAGE>
Item 1.01 Material Change
On or around October 12, 2006, as a direct result of the company's reorganization effort and in a constant effort to remain in compliance MJ Shaheed, President, CEO and Chairman of the Board of the corporation completed all necessary documentation, registration and incorporation, to secure the company's presence for what is established as Augrid Hong Kong Limited. Augrid Hong Kong Limited is registered under Certificate No. 36293009-000-12-05-7 and Registrar, Companies Ordinance No. 1013564.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AUGRID CORPORATION
Date: November 8, 2006 By: /s/ M. J. Shaheed -------------------------------- M. J. Shaheed Chief Executive Officer and Director </TEXT> </DOCUMENT>
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Eek!]](eek.gif)
MJ deserves to spend some time with Big Bubba behind bars...just one hour please.
![[Wink]](wink.gif)
![[Cool]](cool.gif)
