Finished accumulating a 355K  position in the AHAG shell today.   Purchased nearly 5% of the 7.1 million outstanding at prices ranging from 1-2 cents (less than a 1.5 cent average). 

 

Generally attractive share structure, control of the shell affairs continues to be handled by the original CEO, and I don't notice anything in the company's filing history (up through the last filings in 2004) that any potential merger candidate would find troubling. 

 

AHAG looks like a speculative no-brainer at these levels.  Depending on the quality and structure of any reverse merger, I think a minimum of a 10-bagger from my average price is not out the question here.