The penny stock of Astika Holdings, Inc. (ASKH) ranked 1,841 in terms of volume as of the close of business Monday, March 1, 2014. That simply won’t be the case today after Cohen and his Research Driven Investor team of legal spammers are on the case to get ASKH stock as much awareness as possible since they are no longer a music publishing company and have now ventured into the marijuana sector. Having launched Nantong HZ Hemp Co. Ltd. for Industrial Hemp and related projects in two countries, China and New Zealand, where cannabis cultivation is 100% illegal, the float of less than 3,000,000 is all that traders need to really know about.
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ASKH Stock Quote
Market Cap: 7.75M
Last: 0.70 ▼ -0.01 (-1.41%)
Dollar Volume: $15,437
Issued and Outstanding: 11,077,750
Mark W. Richards: 8,160,000
14-Day Rel Strength: 55.61%
1st Resistance Point: 0.7233
1st Support Level: 0.6683
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Astika Holdings could have stayed with their original business plan whereby, until they decided to acquire an underwater dredging company in Nantong, China, they operated a simple royalty collecting company by owning and acquiring rights to musical compositions and exploited and marketed them for royalties or fees whenever they were used by domestic and international sources. Thanks to the contribution by Eugene B. Settler, CEO until February 11, 2014, they were holding the composer and arranger rights to four musical compositions from the 1981 Hollywood movie, Raiders of the Lost Ark.
Last week, Astika Holdings announced thy are going to need 8 to 10 weeks in order to complete the Nantong Dredging acquisition they entered into soon after Mark W. Richards replaced Settler as the CEO of the Company. However, you can’t pump a penny stock based on the global demand for underwater dredging so, in order to add some juice to the dry sack of dung, Astika is now entering into the “Industrial Hemp sector” in two countries where it’s uhm ILLEGAL!
According to Wikipedia, simple possession of marijuana can carry long jail sentences in some countries, particularly in parts of East Asia and Southeast Asia, where the sale of cannabis may lead to life imprisonment or even execution. This doesn’t mean that “Industrial Hemp” is illegal, it’s just not something that a start up firm is going to be able to get into doing anytime in this decade.
What is exciting though is the share structure of Astika Holdings’ ASKH stock. IQ Acquisition (NY) Ltd., a New Zealand corporation owned by Astika’s new CEO, Mark Richards, owns 74% of the issued and outstanding shares of ASKH stock. THIS is all that ASKH has going for it.
At present, there is no business other than an LOI and a launching of some fictitious agricultural company that is going to grow hemp for industrial purposes. Yeah, the Nantong Ventures website provides some picturesque scenes of a Chinese farmer driving a tractor which acts as a “High Accuracy Grain Seeder,” but at the end of the day, the business of cultivating industrial hemp in China by Astika Holdings WILL NEVER HAPPEN!
About ASKH Stock
Astika Holdings, Inc. is a development stage company focused on a variety of strategic acquisitions in service, agriculture and industrial companies, mainly in the Nantong region of China.
Click here to view the SEC filings for ASKH.
Click here to view the website for Astika Holdings’ Nantong Ventures.
Last 5 Trading Sessions:
The float of ASKH stock is irresistible for any penny stock trader to pass up. Alternatively, those with a real knack for playing these extremely low float penny stocks should turn their attention to a real company with real revenues: RealBiz Media Group Inc. (RBIZ). Not only does RBIZ stock have an even sicker float than ASKH does, 1,284,422 versus 2,917,750, but with both campaigns just getting launched and the share prices virtually the same, I’ll take a real company over a fake one any day of the week.
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