Is the Infamous Toshio Masuda a Private CSKI Investor?

China Sky One Medical, Inc. (NASDAQ: CSKI) Form S-1 registration statement filed April 11, 2008 lists Abington Company, Ltd. (“Abington”) as a holder of warrants convertible to 100,000 shares of CSKI. The S-1 states that Toshio Masuda has “voting and dispositive power” over the CSKI shares held by Abington.

Reports from the International Herald Tribune and the Daily Yomiuri, a Japanese newspaper, state that Toshio Masuda is a “self-styled current affairs commentator” and that “Sunra World Corp., which is effectively run by Masuda, collected some 20 billion yen [US$223 million] from investors by promising high interest but did not repay the principal and interest.” Some of Masuda’s investors have reportedly filed a criminal complaint against Masuda, according to the Daily Yomiuri. Click here to view the press stories on Masuda and Sunra World Corp.

Abington shared a Hong Kong address with a company called Sunra Securities Limited, according to a Hong Kong Companies Registry document. Sunra Securities was 50% owned by Toshio Masuda and 50% owned by his wife, Mariko Ejiri.

According to a Form 144 filed with the SEC on January 19, 2005, Sunra Luminus Fund, Ltd. filed to sell 79,000 shares of American Dairy, Inc. (NYSE: ADY) through American Eastern Securities. The address given for Sunra Luminus Fund, Ltd. was c/o Sunra World Corp. in Tokyo, Japan, and the form was signed by Mariko Ejiri. Like CSKI, ADY is a reverse merger arranged by American Eastern Securities.

Thus, it appears this is the same Toshio Masuda listed in CSKI’s S-1.

Masuda’s investments through Sunra World Corp. reportedly included a coffee plantation venture in Hawaii, Sunra Coffee LLC, which filed for bankruptcy in August 2009, according to a Hawaiian newspaper.

Another of Masuda’s reported investments was a U.S. company called Arius3D Inc., which Masuda reportedly touted as “the next Microsoft,” according to a report in the Daily Yomiuri. Arius3D has agreed to be acquired by a Canadian penny stock company, Rebecca Capital Inc. (CVE: REB.P C$0.30), according to an announcement by Rebecca Capital dated September 21, 2009.

Posted in China Sky One Medical, Inc.

Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.

Paul Kaihla
eCompany Now
1 2 3 4 5 6 7 8 9
About Our Founder
Learn more about asensio.com's founder, Manuel P. Asensio, and the website's origins. Click here to be directed to Mr. Asensio’s professional biography.
Media Record
Click here to see selected articles that discuss asensio.com's work and its unique legacy. asensio.com also strives to maintain a complete record of articles dealing with the companies that are the subject of asensio.com research.
Investment Record
Click here to view a list of the companies that have been subjects of asensio.com reporting and click here to see the complete investment record.
Asensio and FINRA
Asensio & Company, Inc. and Manuel P. Asensio are the only dedicated short sellers ever to have been members of FINRA. This unique-minority membership created complications in the regulatory relationship. Being the first activist short investors and among the first FINRA member firms with a website added to the complexity. A statement by Mr. Asensio is available here. Information necessary to obtain a meaningful understanding of the dispute is available in complete form HERE.