Does anyone know what has happened with this listing? I cannot find anything after mid 2009 and from previous chat on this forem it looks like everything has come to a bit of a dead end. Can anyone update me? Thanks ScoobyD
My stockbroker (now ex stockbroker) strongly recommended Asia Distrubutions Solutions Ltd on the basis that they were about to be taken over by Yarrowman Wineries. The ADSL shares would provide a very good profit. Once the take over was complete the company name changed to Global Beverages Inc. which promptly delisted from the AIM and relisted on the pink or grey sheets. The shares are currently valued at 50 us cents. It would appear that no trades whatso ever have taken place.I spoke to another stockbroker about this and his opinion was that the shares are worthless so it is most likely that all investors have lost their investment. but some one in Aussie has made a load of money from investors. It doesn't seem legal to me but hey this is just my opinion
recently had email contact with Ian Long CEO of global beverages inc who reports that they continue to make progress with listing on a more senior exchange in the states and expect to have things completed by the end of the year. I also see that they have put together an investors presentation and are planning a series of aquisitions over the next few years starting with Montrose fine wines this year and with the mission of becoming the leading producer and distributor of beverages in the China market:
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