China 9D Construction Group (fka CNAG)

[sunsailor]

Zheng Ying employment contract expired.-Past SEC filings in 2008.
SEC Filings January 4, 2007:
"A significant supplier of substantially all of our construction materials, Ding Wang Distribution Center, is a company owned by the brother of Guo-Hong Zhou and Guo-Tuan Zhou, two of our major stockholders holding in the aggregate 10,495,620 shares or approximately 12.1% of our common stock outstanding at
January 4, 2007." -Endquote.
Understandably now, Guo-Hong Zhou we know now is CEO, & ZHOU is the LAST name, not first. Help from my previous post:
CNAG Principals Have PLENTY Skin In Game!!!
August 10, 2007:
"Under the Merger Transaction, in exchange for surrendering their
shares in CDG Limited, the stockholders of CDG Limited received 35,796,796 newly-issued shares of China 9D's common stock and $15,500,000 in the form of promissory notes payable on or before the first year anniversary of the merger."
October 17, 2007:
"On October 17, 2007, the Promissory Notes described in the discussion of Plan of Operations above, were converted into 10,333,333 shares of the Company's common stock, valued at $1.50 per share based on the market price at that date."
July 23, 2007:
"On July 23, 2007, Max Time Enterprise Limited purchased from stockholders of our Company an aggregate of 23,879,966 shares of our then outstanding common
stock for a total purchase price of $600,000."
January 4, 2007:
"A significant supplier of substantially all of our construction materials, Ding Wang Distribution Center, is a company owned by the brother of Guo-Hong Zhou and Guo-Tuan Zhou, two of our major stockholders holding in the aggregate 10,495,620 shares or approximately 12.1% of our common stock outstanding at
January 4, 2007." -Endquote.
Proof all (other) officers & directors have less than 5% combined:
"Except for the collective transactions described above, we have not entered into any other transactions with our officers, directors, persons nominated for these positions, beneficial owners of 5% or more of our common stock, or family members of these persons, wherein the amount involved in the transaction or a series of similar transactions exceeded the lesser of $120,000
or one percent of the average total assets at year-end for the last three completed fiscal years."
ME: Knowing that they could easily regain their previous $2./share price; having NO debt & lots of cash flow; & HUUGE expansion to 130 branches; Eight Ding Wang Distribution Centers; Nine main stores in eight provinces plus Shanghai; CNAG's past $160 Million Market Capital proven history is a very strong motivation to all insider shareholders. I rest my case!!!
Adding for computation of float, I get about zero?
35,796,796.
10,333,333
23,879,966
10,495,620
-----------ADD.
80,505,715. (FROM 80 MILLION SHARES OUTSTANDING?) The correct answer is Hui Ping Cheng's 23,879,966 share purchase was done PRE-MERGER I believe, so her shares are about 1/3 less. Therefore IMHO, guessing the float is only about 8,000 shares? WOW!!!!!!!!
SEC filing: "There was no delay between the signing of the Merger Agreement and the closing of the Merger Agreement; both occurred on August 10, 2007." Endquote. (Page 2, #4.): http://www.sec.gov/Archives/edgar/data/1321223/000119380507002043/e602453_8k-myquotezone.txt
"Pursuant to the Merger Agreement, CDG merged with SUB, with CDG as the
survivor of the merger. As a result of the Merger Transaction, CDG became a
wholly owned subsidiary of the Registrant, which, in turn, made the Registrant
the indirect owner of the Chinese operating company subsidiary of CDG." -Quoted.
FOUND IT: THEE ANSWER!
"Immediately prior to the completion of the Merger Transaction, Max Time
Enterprise Limited controlled the Registrant by virtue of its majority holdings
in the Registrant's common stock. With the completion of the Merger Transaction,
Max Time Enterprise Limited will continue to hold a majority of the outstanding
shares of common stock. However, the aggregate number of shares issued in the
Merger Transaction to the CDG shareholders exceeds the Registrant's shares of
common stock issued and outstanding immediately prior to such transaction.
Accordingly, if the CDG shareholders were to act as a group, it is conceivable
that they could influence management. The Registrant is not aware of any
arrangement or understanding among the CDG shareholders to act as a group." SAME SEC FILING AS ABOVE. FINALLY UNDERSTAND THEM~MAYBE!
Colossal Expansion Ongoing>>>>>>>>