The Amergence Group (OTC: AMNG.PK) Quick Sparkle of $ 0.05 Gain in the Dark
23 Apr 2010

Over the last week  The Amergence Group (OTC: AMNG.PK)  slightly jumped as a result of a suspected promotion campaign or news driven trading with the net effect of  $ 0.05 rise. 

This can leave a lot of curious investors wondering and pondering but hopefully not for long as this exercise appears to be a complete waste of time. It is surprising that there could be a favorable price reaction to just an announcement of some business commotion in Hong Kong.   Besides the name change to PanPacific Business Ltd. which probably means also some sort of merger with its former Hong Kong partner, the company has announced the addition of the following: Ante-Up Media, contracts with movie theatres for the display of commercial advertising to theatre-goers prior to the start of each movie feature and a second business – — a very popular China-based video site similar in concept to YouTube® in the US.

With only a brief look back in the past one can estimate that previous initiatives of this company have received a more favorable response leading to a significant level of half a penny as compared to the recent jolts which cast a serious doubt about the company’s abilities to come up with new interesting fish catching ideas.

The unaudited financial statements are transparently reflecting the accumulating losses financed through shareholders equity and other shares issued for debt. Latest loss for the six months ending in December 31, 2009 is $(228,235) as compared that of 31 December 31, 2008 which is $(184,283). Statements for the nine months ending in March 31, 2010 are not yet published. The press releases also do not convey any significant revenue generating numbers to add more credibility to the story.

The Amergence Group (OTC: AMNG.PK), founded in 1998 and headquartered in Scottsdale, Arizona is a company that is focusing on the development, nurturing and expansion of selected emerging companies across a range of industries and disciplines.

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