Questra World and Atlantic Global Asset Management were scheduled to give a Live Stream Conference today, Tuesday 7th November 2017.
The online conference was kicked off by someone we had not seen before, Mr Heung Sup Han.
I don't think anyone who watched it was expecting to hear what was said!
I've embedded the recording of the actual webinar from Questra World's official YouTube channel below. You may wish to skip the first 20 minutes of warm-up video.
The Live Stream
Antonino Vieira Robalo
Antonino Vieira Robalo, the President of AGAM fell ill and could not attend the Conference.
The online conference was kicked off by someone we had not seen before, Mr Heung Sup Han.
Heung Sup Han
He started the webinar by telling us that Antonino Vieira Robalo should have started the webinar but fell ill at the last minute. Because Antonino Vieira Robalo could not be there to give his prepared speech, Heung Sup Han did not give his either as it was to follow on.
Instead, Heung Sup Han introduced himself to us, giving us some backrgound information on himself, and dropped the bombshell - that his company Aisa Trade, were buying Atlantic Global Asset Management.
There would be a period of due diligence and investigation into the business of AGAM which he expects to last for 3 to 6 months.
Once the due diligence process has been carried out and the signing of all documents pertaining to the sale of the company have signed, the AGAM headquarters will be based in Hong Kong.
He finished his speech by thanking us for the opportunity to talk to us and welcomed us to Asia Trade Holding.
The podium was then taken over by Jose Manuel Gilabert, Questra World's CEO.
The sound quality in this part of the video was very poor but he spoke about Questra World's roll in promoting and creating promotional material for then investment fund AGAM, and that they will continue to do so after the acuisition of AGAM by Asia Trade.
He went on to say that the due diligence period is complicated, takes the effort of a lot of people and a lot of time as every aspect of AGAM will be examined by Aisa Trade.
All bonus and remuneration transactions are temporarily suspended but as soon as the acquisition is complete, they will again be restored.
The Dubai Conference has been postponed to January. Questra World apologises to those who were ready to travel and will do what they can to compensate those who are out of pocket.
Update Webinar
Jose Manuel Gilabert went on to tell us that there will be an update webinar on 12 December 2017 regarding the sale of AGAM to Asia Trade.
He also spoke about the introduction of two new directors in Questra World; one for Asia and another for Africa, as well as the introduction of a new training format, etc...
Who is Heung Sup Han
I did a bit of digging around the world wide web as one does to find out information on the future owner of Atlantic Global Asset Management.
I found this link in Google.....
And when I clicked on it, a CV was downloaded to my computer!
The above image is a screenshot from my computer showing the top half part of the CV along with a photo of the man himself.
And here is an article I found about him promoting Czech wine in Korea.
http://theseoultimes.com/ST/?url=/ST/db/read.php?idx=13081
I could spend more time surfing the net but it's clear from what I've seen that he is who he said he is, which is the most import thing to take into account.
Let's all hope that the due diligence process passes quickly and the sale of AGAM goes through as expected so we can all get back to earning once again!
I will post once again when there is a reason to do so.
Until then take care.
Bill Thomson
