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hispeedsoul Free

07/20/16 4:44 PM

Post #316

Re: #315: @dirkv - Don't forget umw paid $7 x 4.600.000 = 32.200.000.

Doesn't matter what they paid. They lost. Trading is done. WSP pipe mill owned by someone else

dirkv

07/20/16 4:22 PM

Post #315

Re: #314: @hispeedsoul - Its over man. We lost this one.

Don't forget umw paid $7 x 4.600.000 = 32.200.000.

Give me a little bit more time, now it's a

but we can hope for

hispeedsoul Free

07/20/16 8:34 AM

Post #314

Re: #313: @dirkv - I asked if UMW wanted to buy my

Its over man. We lost this one.

dirkv

07/20/16 4:50 AM

Post #313

Re: #312: @hispeedsoul - Information we already know.

I asked if UMW wanted to buy my shares in a private transaction.

Good-day Mr.
We regret to inform you that we would not be buying any additional shares in WSP.
Thank you.
Best regards,

Then I asked why?

We are unable to provide any reasons for our decision.
Thank you.

They have a legal team monitoring the situation, but he can't give any info??? So the only thing we can do is WAIT.

hispeedsoul Free

06/21/16 12:03 PM

Post #312

Re: #311: @dirkv - Dear,

Information we already know.

dirkv

06/21/16 10:49 AM

Post #311

Dear,

WSP ADSs were delisted from the NYSE in September 2014. The ADR Facility was terminated by JPM effective June 13, 2016. The ADSs no longer trade.
The Company has been unreachable for quite some time. We were recently in contact with the Share Registrar, however, they were in no position to comment on the share price.

Thank you and regards,

kindama

06/20/16 11:37 AM

Post #310

Re: #303: @hispeedsoul - Thank you and found the answer:

Interesting. Not too surprising.

It says the ADRs will not be cancelled, but it also sounds like they are no longer transferable. I think this means that you retain your legal ownership rights. But that has no value unless shareholders hire a law firm to pursue a case. UMW needs to pursue this in the Cayman Islands.

hispeedsoul Free

06/17/16 6:12 PM

Post #309

Re: #308: @dirkv - Maybe he now will contact them, or is

He doesn't seem to care. Sorry man. We lost

dirkv

06/17/16 5:48 PM

Post #308

Maybe he now will contact them, or is Longhau Piao dead?
I own 351.168 shares for $29.200 so I want some answers.
There are less than 21 million shares, so they can do a lot with WSHLY. (Empty shell)

hispeedsoul Free

06/17/16 5:01 PM

Post #307

Re: #306: @dirkv - Do you think they can end this, with

They did end it. UMW does not hold majority, so they have no control. JPM tried to contact Longhau Piao and he is nowhere to be found. Even the new shareholders TIPO, said the shares were thought to be canceled. Unfortunately, I never received the May 12th notice. Probably why the share priced dropped the past month. Accept it......it's over.

dirkv

06/17/16 4:54 PM

Post #306

Re: #305: @hispeedsoul - Did you read the link I sent you?

Do you think they can end this, with 2 shareholders who have more than 73%?

I will send Emails to UMW till I get answers.

I wasn't warned a delisting was possible

hispeedsoul Free

06/16/16 5:18 PM

Post #305

Re: #304: @dirkv - Still no news from

Did you read the link I sent you? Its done.

dirkv

06/16/16 4:50 PM

Post #304

Re: #303: @hispeedsoul - Thank you and found the answer:

Still no news from

Investor, Media Relations & Sustainability
UMW Corporation Sdn. Bhd.

hispeedsoul Free

06/16/16 12:29 PM

Post #303

Re: #302: @kindama - I don't own any. I suggest contacting

Thank you and found the answer:

https://www.adr.com/Site/LoadPDF?CMSID=640306b4a56444d5be09248d78912552

kindama

06/16/16 11:11 AM

Post #302

Re: #301: @hispeedsoul - What's extremely frustrating about this is investors are

I don't own any. I suggest contacting the depository to find out what happened to the ADRs and what happens to your ownership interest. I think JPM was the agent for WSHLY.

Contact info from:
https://www.adr.com/Investors/Markets

If you own DRs in a J.P. Morgan administered program, please contact:
General+1 800 990 1135
From outside the U.S.+1 651 453 2128
Global Invest Direct+1 800 428 4267

hispeedsoul Free

06/15/16 4:12 PM

Post #301

Re: #300: @dirkv - I've also sent them an email. if I

What's extremely frustrating about this is investors are supposed to receive notice 30 days before termination of ADRs.

"Owners of ADRs are typically notified in writing at least thirty days prior to a termination."

At this point, I don't care if shares have been canceled and it's over or there is a merger/acquisition, but I want some sort of damn communication.

dirkv

06/14/16 4:58 PM

Post #300

Re: #299: @hispeedsoul - I've sent them an email. They usually respond

I've also sent them an email. if I receive something I let you know.

hispeedsoul Free

06/14/16 3:52 PM

Post #299

Re: #297: @dirkv - If i can get my money back I

I've sent them an email. They usually respond to me but probably will not get a response until tomorrow.

hispeedsoul Free

06/14/16 3:52 PM

Post #298

Re: #297: @dirkv - If i can get my money back I

I've sent them an email. They usually respond to me but probably will not get a response until tomorrow.

dirkv

06/14/16 3:39 PM

Post #297

If i can get my money back I even want to sell them on mars. wink
Problem is, who we have to contact.
Lets all sent a mail to UMW.

hispeedsoul Free

06/14/16 3:31 PM

Post #296

Re: #294: @dirkv - I own 351.168 shares (1.71%) and I haven't

The challenge will be if this returns trading in a foreign market.....Say China. We will have much difficulty trading there

hispeedsoul Free

06/14/16 3:31 PM

Post #295

Re: #294: @dirkv - I own 351.168 shares (1.71%) and I haven't

The challenge will be if this returns trading in a foreign market.....Say China. We will have much difficulty trading there

dirkv

06/14/16 3:23 PM

Post #294

I own 351.168 shares (1.71%) and I haven't received anything from my bank.
I invested a lot in this company so I'm shocked and hope we get soon information.
I hope this is a new beginning for the stockholders.

hispeedsoul Free

06/14/16 3:13 PM

Post #293

Re: #290: @rodneys - Is there a new ticker??

or it may not all be over....

ADR termination

Most ADR programs are subject to possible termination. Termination of the ADR agreement will result in cancellation of all the depositary receipts, and a subsequent delisting from all exchanges where they trade. The termination can be at the discretion of the foreign issuer or the depositary bank, but is typically at the request of the issuer. There may be a number of reasons why ADRs terminate, but in most cases the foreign issuer is undergoing some type of reorganization or merger.

Owners of ADRs are typically notified in writing at least thirty days prior to a termination. Once notified, an owner can surrender their ADRs and take delivery of the foreign securities represented by the Receipt, or do nothing. If an ADR holder elects to take possession of the underlying foreign shares, there is no guarantee the shares will trade on any U.S. exchange. The holder of the foreign shares would have to find a broker who has trading authority in the foreign market where those shares trade. If the owner continues to hold the ADR past the effective date of termination, the depositary bank will continue to hold the foreign deposited securities and collect dividends, but will cease distributions to ADR owners.

Usually up to one year after the effective date of the termination, the depositary bank will liquidate and allocate the proceeds to those respective clients. Many US brokerages can continue to hold foreign stock, but may lack the ability to trade it overseas.

hispeedsoul Free

06/14/16 3:10 PM

Post #292

Re: #290: @rodneys - Is there a new ticker??

http://www.otcmarkets.com/market-activity/deleted-symbols

Look at the top one. "ADR/GDR Program Terminated"

I guess it's over.

hispeedsoul Free

06/14/16 3:10 PM

Post #291

Re: #290: @rodneys - Is there a new ticker??

http://www.otcmarkets.com/market-activity/deleted-symbols

Look at the top one. "ADR/GDR Program Terminated"

I guess it's over.

rodneys

06/14/16 2:26 PM

Post #290

Is there a new ticker??

I can't find wshly.

tbirdman

06/07/16 11:58 PM

Post #289

Re: #288: @hispeedsoul - I received this reply from UMW in regards

Thanks for the update.

hispeedsoul Free

06/07/16 9:14 AM

Post #288

Re: #233: @mgland - Or some sadistic bastage

I received this reply from UMW in regards to new statements:

"It's encouraging to note that WSP is gettng new orders from CNPC. However, we do not have any new updates from our legal team"

So, good things are happening with Wuxi pipeline, but we still don't know what effect it has on the stock, or where Longhua Piao is in all of this.

hispeedsoul Free

06/06/16 10:35 AM

Post #287

Re: #283: @dirkv - I received a mail from UMW.

There are new statements on the website. Still not sure what any of this means for the stock.

http://www.wsphl.com/egsxw.asp

hispeedsoul Free

06/01/16 1:54 PM

Post #286

BOOM!

Just seeing if anyone is watching this anymore.

hispeedsoul Free

05/01/16 2:45 PM

Post #285

Re: #284: @kindama - Interesting. I have no position here.

Good thoughts. I keep hoping SHTIPO would want to use WSHLY as vehicle to go public in states. They are a multi billion dollar corporation. Problem is, the owner of the shell, Piao Longhua, is nowhere to be found. UWM and SHTIPO have no contact with him.

kindama

04/29/16 8:44 PM

Post #284

Re: #283: @dirkv - I received a mail from UMW.

Interesting. I have no position here. It looks to me like the most promising path would be for UMW to go to court in the Cayman Islands claiming that the parent company has been abandoned and seeking the appointment of an independent trustee to resolve its affairs. If successful then the trustee could take control of the operating subsidiaries outside China (especially WSP Pipe thailand) and any other assets which can be traced. The onshore Chinese business (Wuxi Seamless Pipe) is probably a total loss.

dirkv

04/29/16 3:46 PM

Post #283

I received a mail from UMW.

Good-day,

You may be aware that WSP has been delisted from the New York Stock Exchange on 13 September 2014. The Company's ADSs are now being traded on the OTC Pink® Marketplace under the symbol "WSHLY."

We no longer have board representation at the company. We have a legal team monitoring the situation and as such, we are unable to comment.

Thank you.

Best regards,

S Vikneshwaaran

Head Investor, Media Relations & Sustainability
UMW Corporation Sdn. Bhd.

hispeedsoul Free

04/28/16 8:26 AM

Post #282

I received this response from UMW holdings in regards to TIPO taking over WSP wuxi pipe mill.

"The Company's ADSs are now being traded on the OTC Pink® Marketplace under the symbol "WSHLY."

We no longer have board representation at the company. We have a legal team monitoring the situation and as such, we are unable to comment."

So, something is going on.

Thank you.

Best regards,

S Vikneshwaaran

hispeedsoul Free

04/18/16 4:14 PM

Post #281

Re: #280: @dirkv - And what about their directors at WSP HOLDINGS?

He hasn't been the director of WSP holdings since 2013. He was replaced.

WUXI, China, April 17, 2013 /PRNewswire/ -- WSP Holdings Limited (NYSE: WH) ("WSP Holdings" or the "Company"), a leading Chinese manufacturer of API ("American Petroleum Institute") and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), today announced that its board of directors appointed Mr. Badrul Feisal bin Abdul Rahim as a director of the Company effective April 10, 2013 to replace Mr. Syed Hisham bin Syed Wazir who had resigned from the board. Mr. Syed Hisham confirmed that there were no disagreements between him and the Company. Mr. Badrul Feisal will serve on WSP Holdings' board as vice chairman.

dirkv

04/18/16 4:10 PM

Post #280

Re: #279: @hispeedsoul - They purchased those millions of shares when WSP

And what about their directors at WSP HOLDINGS?
Syed Hisham bin Syed Wazir
has been our director and vice chairman since November 18, 2010. he is currently the president and group chief executive officer and director of UMW Holdings Berhad

I can't believe a vice chairman doesn't have the number of the chairman.

The only thing we can do is wait.

hispeedsoul Free

04/18/16 3:47 PM

Post #279

Re: #276: @dirkv - http://www.umw.com.my/corporateprofile.php --> group structure.

They purchased those millions of shares when WSP was a viable and not bankrupt company. I've been told by UMW Holdings Berhad they have no contact with Mr. Piao Longhua.

Here are the new investors/owners of Wuxi Seamless Oil pipeline.

http://www.shtipo.com/English/Index.asp

UMW Holdings Berhand corporate profile is outdated.

Here is the email I received from Tipo business development manager:

"We are now discussing with some investors for join the pipe mill. and as far as I know, the pipe mill has nothing to do with the stocks in US. I do not have Mr. PIAO's email but however, if you are interested in investing in the pipe mill itself, now is a good time and you are more than welcome.

By the way, the statement after bankrupcy is confidencial with WSP."

So, from all the DD I have done and email above....WSHLY is an empty shell. Mr. Piao Longhua is the one with answers that nobody can contact.

dirkv

04/18/16 3:29 PM

Post #278

Re: #277: @hispeedsoul - And? We already knew UWM is a WSP

Don't you think if they don't have any info they would remove it from there website?
They paid millions for that 22,5% and they don't know what the company is doing??

hispeedsoul Free

04/18/16 3:11 PM

Post #277

Re: #276: @dirkv - http://www.umw.com.my/corporateprofile.php --> group structure.

And? We already knew UWM is a WSP shareholder and they have oil and gas division. I talked to IR at UWM.....they still hold shares but in the dark just as much as we are. No conact with Mr Piao Longhua.

dirkv

04/18/16 10:05 AM

Post #276

http://www.umw.com.my/corporateprofile.php --> group structure.
Oil & Gas

dirkv

04/15/16 5:49 PM

Post #275

Re: #274: @tbirdman - A whole $90 worth!

I know, I paid $3000 6 weeks ago to buy 200.000 extra shares.
But with only 20.44 Million shares I still believe we can see 0.05 - 0.1, when they give one PR.

tbirdman

04/15/16 5:35 PM

Post #274

Re: #273: @dirkv - Big volume: 6% free float ;-), only up

A whole $90 worth!

dirkv

04/15/16 5:09 PM

Post #273

Big volume: 6% free float wink , only up 15% frown

hispeedsoul Free

04/13/16 10:11 AM

Post #272

Any new DD? Any contact with Mr. Longhua?

hispeedsoul Free

03/28/16 12:19 PM

Post #271

Who's buying/selling 93 shares in this range?

dirkv

03/12/16 6:24 AM

Post #270

Re: #269: @hispeedsoul - Like I said. Not much interested. Someone willing

I hate my bank that I don't can buy pinksheets stocks.
In Belgium they do everything so you don't buy these kind of stocks.

I also have a bankacount in Holland and there they ask
Verenigde Staten € 0,50 + USD 0,004 per aandeel
So If you buy wshly you pay 0.0035 + 0.004 (to buy) + 0.004 (to sell) = 0.0115.

hispeedsoul Free

03/11/16 4:58 PM

Post #269

Re: #268: @dirkv - ask 0.0090, but somebody sold at 0.0035???

Like I said. Not much interested. Someone willing to part with their shares at .0035

dirkv

03/11/16 4:55 PM

Post #268

Re: #267: @hispeedsoul - This company went bankrupt more than a year

ask 0.0090, but somebody sold at 0.0035???

hispeedsoul Free

03/10/16 3:27 PM

Post #267

Re: #265: @dirkv - ask 0.008. ;-)

This company went bankrupt more than a year ago and no PR since. Somebody bought 200k at .027 the same reason You and I bought.....lottery ticket. Nobody interested in .008 today.

Older

WSP Holdings Ltd (WSHLY)

Followers	6	Posters	20
Posts (Today)	0	Posts (Total)	316
Created	11/20/15	Type	Free
Moderators

The STATEMENT of WuXI Seamless Oil Pipe Co.,Ltd

On the 7th August 2015, the second meeting of Wuxi Seamless Oil Pipe Co.,Ltd’s creditors has been held by Wuxi City Xishan District People's Court in Wuxi city. During The meeting the debt restructuring plan of Wuxi seamless oil pipe Co, Ltd has been accepted, a new reforming investors Shenyang Zhongyou TIPO material &Equipments Co., Ltd has been introduced to implement the business plan.

The <civil written verdict > issued by Wuxi City People's Court Jiangsu Province on the 18th August 2015 approves the debt restructuring plan of Wuxi seamless oil pipe Co, Ltd and stopped restructuring procedure, the ruling is the final verdict.

We state that, Wuxi seamless oil pipe Co, Ltd has regain the production and operation activities gradually According to the quality management system.

Wuxi Seamless Oil Pipe Co., Ltd

August 18, 2015
http://www.otcmarkets.com/stock/WSHLY/profile

It may be 3 years ago but with full re-instatement as shown above this PPS will FLY
THIS IS JIM CRAMER!!!

https://youtu.be/Iccziu1_27M