AESK Shares Up +1,000% as Company Closes Down
Park City, Utah (July 30, 2007) - Share prices for the American Skiing Company (OTCBB: AESK) shot up a phenomenal 1,246 percent this afternoon, breaking through the roof and rising from 1 cent per share to 17 cents per share. The source of this boost was the company's recently released 8-K form, which contained, among other things, the details surrounding the company's recent sale of its last standing property, the Canyons ski resort in Park City, Utah. According to the filing, the aggregate purchase price for the remaining shares of American Skiing Company was an amazing $100 million in addition…