Friday, December 29, 2006
Bonus America (now AAGH)
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.
In terms of the quote: In Buffett's 1996 Berkshire Hathaway letter he quotes Richard Branson making that quote.