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Friday, December 29, 2006

Bonus America (now AAGH)

I've looked at a company called Bonus America (chart, sec) here and here and here and here and here. Well, it looks like this tiny company now has 60% of the rights to broadcast what would presumably be a Chinese version of "Who Wants to be a Millionaire" in China. Considering that about 1.3 billion Chinese people want to be a millionaire, I'm guessing the show will have some viewers.
The Agreements between UK based Celador International Limited, the show's format owner, and China Media Power Ltd. (CMP), a 60% owned subsidiary of Asia Global Holdings Corp, allow CMP to produce and broadcast a minimum of 104 episodes. The episodes will commence broadcasting on or about May 1st, 2007 for a 12-month period with a mutual option for production and broadcasting to continue for a second year thereafter.
The stock has reacted by climbing from about 3 cents per share to over 6 cents. I have no way to evaluate what this is worth, but perhaps others do and maybe they can tell if it's still undervalued and make money on it.

In hindsight, I regret wasting my time following a company that I'm unable to evaluate when something actually does happen.

Some famous person [James Altucher points out that it's Richard Branson] said that it's easy to become a millionaire: start with a billion dollars and buy an airline.

Comments:
Bruce, great blog.

In terms of the quote: In Buffett's 1996 Berkshire Hathaway letter he quotes Richard Branson making that quote.

-James Altucher
 
James, great Blog Watch.

I thought it was from Branson, but I wasn't sure. Thanks.
 
This was an inspiring post,Thanks for the sharing of such information deferred revenue software .
 
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