China Shuangji Cement Ltd.(fka CSGJ)

[northenlightsk05]

Just talked to CSGJ management. The reason for the delay of 10K filing is because there is consolidationn of cement plants in Shandong province. If CSGJ is acquired by Chinese large cement companies. they would not file 10K and CSGJ will be compensated at much higher share price than the current price. CSGJ president is at capital of the province trying to avoid being acquired. The latest information is that CSGJ will not be acquired. They expect to receive formal news next week.

CSGJ has signed contract with auditor and the auditor will start to audit CSGJ starting next week after CSGJ receives the formal news from the provincial government. It will takes one month to complete the process of auditing before 10K is filed. CSGJ will start to issue news in the next 30 days before the audit is complete including the appointment of new CFO. It is expected that CSGJ will be back to normal in terms of 10Q and 10K filing and issuing news after one month.

Hold your shares and thing should be getting better.