New Asia Holdings, Inc. Auditor Raises 'Going Concern' Doubt
April 15, 2019
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New Asia Holdings, Inc. filed its 10-K on Apr 16, 2019 for the period ending Dec 31, 2018. In this report its auditor, Malone & Bailey, PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
New Asia Holdings, Inc. is engaged in developing and deploying its neural trading models for the financial community. It offers trading software solutions to clients based on software-as-a-service (SaaS) licensing and delivery models. Its products consist of approximately three trainable trading algorithms, such as MQ X1, MQ Y1 and MQ Z1. It offers various types of algorithmic trading, such as systematic trading, high-frequency trading, and ultra-high frequency trading. It utilizes its in-house neural trading models to trade its own funds. The Company uses certain tools and technology while trading, which include Principal Component Analysis (PCA), Neural Networks, Removing Linear Trends from Data, Detecting Anomaly Activities, Market Behavioral Pattern Neural Analysis, Co-relational Modeling, and Multi-Time Frame Signal Analysis. PCA is a tool in exploratory data analysis to discover the important variables (or a combination of them) that explain the cause of variance in the data.