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This family has gotten away with murder,as planned before they got the ipo,get shareholders money ,then go public .Well played.imo
Called the Lawyer yesterday and have not received a callback ? I believe if you want to join an appraisal suit, you have to vote no and notify the Company that you wish to join in an appraisal suit . There are no guarantees the price will be negotiated higher, but by the looks of the accumulation, the fix is in for those hooked up with council to get more than the $6.70 buyout price . Time is ticking, the meeting is the 12th ! Whenever MetLife is the ADR sponsor, run the other way.
DANG is worth 15 bucks all day long or even more.This two thieves have been plotting to steal this company under the shareholders for years now.
I hope they get stopped on their tracks on this plan.
If it was was not for the CEO and her husband trying to get rich quick, this ticker would be trading over 20.00 a share. IMHO
Looks like it,could explode after 7s hits.JMO
Why are the shorts all gone ? Why is there accumulation now @6.50 ? I do not think it is for .10 or .15 cents in a month . Something is going on behind the scenes . Whatever happens, this is my last ADR . Luck to all !
Lets hope so,this company is worth more than they willing to buy. imo
Proxy vote being taken. Voted "No" on first 2 questions and "Yes" on the last question. Let's see if there is enough dissent to push the buyout price higher? Luck to all!
3 days until meeting . Is it a coincidence that shorts dried up to zero and all of yahoos paid bashers are back in their cells under lockdown . It is anybodys guess what will happen on the 12th but I held on and expect a deal to be reached for 7.50 or more . All the insiders have been buying @ low 6's and will pay themselves a nice little profit and hopefully avoid any legal action. Good Luck to all !
Looks like $8 a share might be possible here.imo
Looks like a game they all play, same can be said to Miss Peggy.imo if she could buy this company at a buck per share, she would do it in a heart beat with no regards to shareholders.jmo
The $8.80 offer was non-binding . It appears they only made the offer to drive price up while they actually sold off their shares .
The $8.80 offer was non-binding . It appears they only made the offer to drive price up while they actually sold off their shares .
Here is a guy who is leading the charge to stop the takeover at the bargain basement price. Lots of dang info .
http://www.dangdangfacts.com/en.html
Miss Peggy the 10k you send out explained it all, that your plans were to give a low ball offer, it makes no sense while we do have an offer of 8.80 ,and your offer is 6 dollars.IMHO share holders should sue you for poor representation on their interests.
We have an 8.80 offer on the table,not sure why this stock crushed today. Wake up Miss Peggy.
Peggy let's go for 14 dollars a share.
If them two create a bidding war look for 14 to 15 dollars easy.imo
Volume up, price up, shorts down . As per Bloomberg,Peg & Co. own 83% of voting rights while owning 36% of stock . Even if they don't get a third and fourth bidder (come on Alibaba and Amazon), profit is built in from here .
Sounds like they could pay more if miss peggy puts her foot down.
I believe Peggy & Co. own 80% + of shares. They can afford to pay more for the remainder . Let the bidding begin ! Don't be surprised if this goes to $10 and if others join the bidding, who knows . Come on Amazon ! We will know sooner than later .
So this should easily see 8 today??
It would be crazy if it breaks the price offer of 7.81.
looks like Miss Peggy is ready to cough some dough from the upward movement.
Hey Peggy give investors your low ball offer of 7.8 as promised.
They ran DANG as a private company from the get go , disregarding the investors, so lets see how this will unfold.IMO
So they do a buy out then relist and make billions in China that's just criminal right there.
That's why Chines stock are still not safe and are to trade when you get a chance.
Now that is a very strong post! I was looking at DANG for awhile but I don't like today's news and the info in your post is convincing on the surface; enough to make me stay out at least.
DANG 700 PE RATIO SELL SELL SELL SHORT SELL THIS WORTHLESS POS!!!! TAKE THESE IDIOTS OVER 700 YEARS TO EARN WHAT THESE BAGHOLDERS ARE PAYING FOR THIS STOCK TODAY THAT IS INSANE TALK ABOUT A CHINA BUBBLE THE AVG PE EVEN AFTER THIS SO CALLED CRASH IS STILL OVER 100+ AND DANG HAS A PE OF 700!!! THE 2 SO CALLED INSIDERS THAT WANT TO BUYOUT THE COMPANY ALL READY CONTROL IT WITH 83% VOTING RIGHTS WHY IN THE HELL WOULD THEY WANT TO BUY IT OUT FOR THATS LIKE MR BUFFET WHO ALL READY CONTROLS BERKSHIRE WANTING TO TAKE IT PRIVATE YA RIGHT HE ALL READY CONTROLS IT AND WILL DO WHATEVER THE HELL HE WANTS WITH THE COMPANY SAME SITUATION HERE I THINK THAT THIS IS NOTHING MORE THEN A PUMP AND DUMP SO THAT THEY CAN SELL THEIR AMERICAN SHARES BECAUSE CHINA JUST IMPOSED NEW RULES AS OF YESTERDAY THAT 5%+ OWNERS CANT SELL ANY SHARES FOR 6 MONTHS NOT A SINGLE SHARE CAN BE SOLD SO THEY WANT TO SELL WELL THEY CAN STILL DUMP THEIR AMERICAN SHARES TO RAISE CASH PUMP THEN DUMP IT.... BUT A 700 PE NO ONE WOULD FINANCE THIS DEAL 700 YEARS TO MAKE BACK WHAT YOU PAID FOR THE COMPANY WE WILL ALL BE DEAD AND GONE BY THEN THIS IS BEYOND INSANITY THIS IS CRAZY STUPID LIKE I SAID SELL SELL SELL SHORT SELL THESE BAGHOLDERS!!!
Today was a good day to trade the dip.
Will do in another 25 days or so. Wash rull
Down, down, down you go. Worthless stock will be worth something when I buy again in the 4's. This stock is awful for anyone who goes long.
You are responsible for your own money don't forget that.DANG
DANG moving up from oversold on the chart.
Wrong board sorry.
Not sure FDIC has anything to do with Dang being held back. It's all Peggy and her way of running the company. I understand their book sales are their mainstay but come on, Peggy should look at JD and Vips and find out why they get the investor love and copy their business plan. While it sounds good on paper to have no debt that alone doesn't make for a great company. Follow the lead of other companies who have better growth and mirror them while continuing to sell books.
Every earnings conference call is so depressing because Peggy says they're happy with the companies progress yet Wallstreet continues to beat them down. Dang should try something new and different and see how they feel abount their company when their stock goes through the roof.
So when is this going to happen?
Chinese stocks flying high. Dang barely able to stay positive. Don't see much of a future for this stock.
Keep posting things will only get better soon. I think you've been saying that for years now. Time to get out and put money in stocks that go up. Dang sucks!
Not true, DANG is for the long haul now, in the next few years you will be saying wow, i had this stock in single digits now look at it.imo
Dang this stock sucks. Only hope is they get bought otherwise dangvis dead.
Either way it's nice to see a move up!
Is it they want in or lots of short covering?
Not much time between now and the 28th since we are closed on monday, now every body wants in.
She is out of here............
$10 about to break
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Peggy Yu Yu, co-founder and co-president of Dang Dang (www.dangdang.com), and her husband, Liu Guoqing, are typical of the entrepreneurs who studied abroad and then established their own enterprises upon returning to China. Dang Dang was first launched as an online seller of books. It has now grown into China's largest online retailer offering almost everything from digital products to cosmetics and has also become the world's leading online seller of Chinese-language books, movies and music.
After filing with the US Securities and Exchange Commission for initial public offering in November, E-Commerce China Dangdang (under the symbol DANG) will be traded in the New York stock market this week. The IPO will not only raise new funds to strengthen operations but also bring a fortune of around US$400 million for Yu Yu and her husband, who jointly founded Dang Dang a decade earlier.
Like numerous aspiring entrepreneurs jumping on the e-commerce bandwagon, the pair established Dang Dang in 1999 ahead of the burst of the "dot-com bubble". Before that Yu Yu worked as a finance management consultant specializing in corporate mergers and acquisitions.
Born in Chongqing City, which is also called "Yu" for short, Yu Yu majored in English language at the Beijing Foreign Studies University (BFSU). Following a stint at an American company, she went to the US for advanced study and earned her MBA in finance and international commerce in 1992. From 1992 to 1997, she was engaged mainly in M&A business, including running her own firm Tripod International.
While still working on Wall Street in 1995, Yu Yu developed a keen interest in Amazon.com, Inc. and conceived the idea of operating a respectable online bookstore herself. After returning to China in 1997, she found the Chinese market was still not mature enough for online bookselling business due to the lack of a database of book titles and the limited number of Internet users at that time.
She and her husband decided to start from scratch to set up the first database of Chinese-language publications, which not only formed a foundation for Dang Dang's business operations but also attracted attention from investors. Earlier venture funds came from investment firms like IDG, Softbank, and Luxembourg Cambridge Holding Group (LCHG).
In the past 10 years, Dang Dang has built up one of the world's largest online shopping malls which now offers more than 300,000 kinds of books, software and other products to more than 6 million customers around the globe.
The growing pains for Dang Dang included long and hard-fought battles with closest rival Joyo.com, which also ranks among the top online retailers on the Chinese market, in the form of seemingly endless price cuts and continuously expanding product lines.
One of the highlights was when global online retailing giant Amazon.com, Inc planned the acquisition of a suitable Chinese online retailer and set its sights on Dang Dang. Following rounds of negotiations, Yu Yu did not accept the offer to buy her company out because she would only accept Amazon as a shareholder.
Amazon immediately turned to Joyo.com and acquired the archrival of Dang Dang for $75 million, forcing Yu Yu to face even more ferocious challenges from Joyo/Amazon.
The brutal and dogged competition has eaten away profits for both sides. Dang Dang managed to start generating earnings only from May of 2009. It incurred net losses of 70.5 million Chinese yuan in 2007 and an additional 81.8 million yuan the following year. Net earnings amounted to 16.9 million yuan in 2009 and 16 million yuan for the first nine months of 2010.
Yu Yu acknowledged that Dang Dang has generally followed similar business operations models established by Amazon. She has long closely observed the strategies and tactics adopted by Amazon as well as the pitfalls it encountered as part of the lessons for operating outstanding and successful online shopping.
DANG - Daily Candlesticks
As of 4/25/11 according to alexa.com
DangDang.com ranked #71 in china
Joyo.com ranked #74 in china
http://www.alexa.com/siteinfo/dangdang.com#
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