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Wow, been a really long time since someone posted here...
These Chinese guys took over they have not done anything,the business is just a scam,I checked this company's business in China,which they described on their wedsite are not true, no even existing, I think we have to report it to SEC, hope no one else will buy this company share like me.
It's gonna be a LOOOONG time, if ever, before anything comes from this stock. But you never know, so I'm holding just to see.
On another note, I got an email this morning from this company's transfer agent.
Looks like my complaint to the SEC was taken seriously. And was the reason for getting the inability to trade issue straightened up.
Here is the content;
Concerning your inquiry and complaint lodged with the Help Desk at the S.E.C. Please be advised that it is our understanding that the Issuer you write about has now completed its corporate action.
Further, all necessary filings have been made with FINRA to allow this company to begin trading on its post split basis.
I would recommend contacting your Broker for assistance in depositing your shares if you so choose to sell these at this time.
If you experience further difficulty with this, please contact me directly and I will recommend a Broker that may be able to assist you with the deposit of your shares.
I would like to clarify one point, that it was the delay of both DTCC and Issuers Counsel (NOT INTERWEST) in failing to timely providing the necessary tradability opinion necessary to complete the corporate action.
Again, please contact me directly for further assistance.
Regards,
Kurtis D. Hughes
Vice President
Interwest Transfer Co, Inc.
When contacting the SEC about penny stock issues, you need to explain CLEARLY what is going on, and they WILL take action if necessary. Maybe some of the corruption in the penny market arena will get flushed out. It's WAY past due.
I agree with ya. Since these Chinese guys took over they have not done anything. It shows their inexperience and also that the business is just a scam.
No financials filed either.
so, at .7 a share you could buy the whole company for $700,000. Sounds way too cheap for almost any real business. I thought they were a 15 mil a year company? If they would provide some financial info it would only help the share price.
Good to have our shares back.
Yes. Just checked www.pinksheets.com to see if their have been any new filings. Showing a stop sign. Means company is not up to date with filings. Very limited information. They need to fix this.
Only says that "Arem Pacific Corporation is a holding company in the health, leisure and agriculture industry in Australia." And listed in the real estate industry.
Do you know what the current share structure is. (how many outstanding & float)??
Looks like we have taken a big hair cut so far on this one!! Not buying more untill better information is available.
stkjunky - Who do you trade through? TDAmeritrade?
Well, look at this, ARPC finally showed up in my account!!! Only took what, 5-6 months!! Hope they can make a little money..
But grand total volume of 6 shares traded so far today.
Good work stkjunky - well done. I sent a letter a few weeks after yours so maybe I will be getting a call soon. Send us the details when you get them..
Guess what ladies/gentlemen. I recieved a call from the SEC on Friday regarding the complaint that I filed A month or 2 ago. I AM going to try to get them to take action on this company.
All you have to do is read the news releases going back to & thru July 29,2013 to realize that something is WAY out of line here.
It has been 4 1/2 months since the completion of the symbol change was to have taken place. AND STILL NOTHING. Transfer agent still has not notified the brokers regarding this supposed deal.
I smell SCAM big time.
Bid is $0.70 and Ask is $35.00!?!?!? This is crazy
I am very convinced they are doing something illegal. They want to hold back the issuance of shares so they can artificially inflate the PPS. Look at the highs and lows. I am convinced very soon SEC will take action and put these Chinese behind bars or at least bar them from doing further damage to American investors.
That PR was worthless and clarifies NOTHING. Spoke with Etrade...
Oh...boy that really helps. Sigh
This company is doing a 1 for 388 reverse stock split. When a company does a reverse stock split, new shares are issued. We are currently awaiting the new shares to be delivered from the agent. We will update your account immediately when we receive the shares. In the meantime, if you need to sell please contact us so we can look into an accommodation to let you sell the position you have not yet received.
Submitted the following to the SEC just a little while ago.
Suggest others do the same. WAY PAST DUE TO BE ABLE TO TRADE THIS THRU THE NORMAL CHANNELS.
This stock has not traded in several months. It purportedly is a buyout situation wherin Arem Pacific Corp. purchased a company's symbol name DMWK (M.A. Gales & Co, Inc.) And was previousely known as diversified Mortgage Workout Corp.
Since Arem Pacific supposedly bought DMWK and then immediately did a reverse split in the month of July, 2013 this stock has been untradeable. No symbol showing up in my account at TD Ameritrade. My money (all though not a lot) has been held up way to long. Arem Pacific Corp. I believe had 20 working days to take care of the paper work to complete the transaction, and get our old DMWK shares switched over to reflect the new ARPC shares. And reflect the 388 for 1 announced reverse split.
My broker (TD Ameritrade) tells me that they have not recieved anything from the transfer agent that will allow them to enter the new symbol into peoples accounts. Others holding this stock are having the same problem.
I feel that something illegal is going on here, and would appreciate it very much if you would look into this matter. Arem Pacific corp. can not keep the shareholders money in limbo like this for such extended periods of time. I am certian that their are applicable laws regarding this transaction that ARE BEING violated.
Thank you in advance
Sincerely,
my name here"
Submitted to the SEC on 11/26/2013 via internet form.
We don't need to hold them accountable, THE SEC NEEDS TO HOLD THEM ACCOUNTABLE.. I am going to turn them in today.
We need to hold them accountable - they have our money. What is the problem? Can't trade and they say it is tradeable. Anyone trading?
Call info - we all need to call the Australia Office which is where the execs and staff work out of. We need to put pressure on the management - not this idiot in Arizona. Never saw anything like this before.
U.S.Office
8040 E. Morgan Trail, Unit 18, Scottsdale, Arizona, 85258
Tel: 1-480 966 2020
Fax: 1-480-966-0808
Email: info@arempac.com
Australia Office
369 Camberwell Rd Canberwell Vic
Tel: 61-433783588 & 61-488183388
Email: info@arempac.com
Shareholders and future investors:
Please click on info@arempac.com and send us your email address so that all corporate announcements will be mailed to you.
1970 called and asked for their website (http://www.arempac.com/) back.
Such an awful website which gives no information. Are we to believe this company is worth hundreds of millions? They can't even spend a few hundred to update their awful website?
I agree this guy has no clue what he is talking about. I cannot see my stock in my account either. My broker says call the company because they have a problem. This CEO George is talking to us as if we are kids who do not know about what is restricted and free trading shares.
This looks like a con to me
" "For those of you who still have questions on how to trade their AREM stock, please follow these rules: if you had free trading shares already deposited in your brokerage account 'before' and 'after' the merger with AREM, you do not need to do anything, you should be able to continue to trade"
We will see about this. Where in the hell did this guy come up with the notion that the shares are tradeable (you should be able to continue to trade) CONTINUE TO TRADE.. THE SHARES ARE NOT SHOWING UP IN THE ACCOUNT. HOW DO YOU TRADE INVISIBLE SHARES???
And that's not the only problem with this AHHUMM PR. I SMELL SCAM WRITTEN ALL OVER THIS STOCK. It's obvious that this guy has no clue about what he is doing!!!
ARPC Clarifies Stock Trading Issues
Date : 11/13/2013 @ 5:41PM
Source : GlobeNewswire Inc.
Stock : Arem Pacific Corp. (PN) (ARPC)
Quote : 2.5 0.0 (0.00%) @ 5:01PM
Arem Pacific Corporation Clarifies Stock Trading Issues
Print
Arem Pacific Corp. (USOTC:ARPC)
Intraday Stock Chart
Today : Wednesday 13 November 2013
Click Here for more Arem Pacific Corp. Charts.
Arem Pacific Corporation (OTCBB:ARPC) today announced clarifications and amplifications for trading its stock.
George Leong, CEO of AREM commented, "For those of you who still have questions on how to trade their AREM stock, please follow these rules: if you had free trading shares already deposited in your brokerage account 'before' and 'after' the merger with AREM, you do not need to do anything, you should be able to continue to trade; if you have free trading shares not deposited into a brokerage account, you may do so at any time; however, because of a reverse split of 388:1 ratio, your share number will be lower by a ratio of 388:1; if you have restricted shares, you cannot trade, you have to wait until a later time when the Company has registered the shares with the SEC. If you have questions about how to change names and number of shares you have, etc, you can contact our transfer agent, Interwest Transfer Company, Inc. If you have questions about the free trading shares already in your brokerage account, call your broker about any issue or ask your broker to call our transfer agent directly, Interwest Transfer Company, Inc." Again, if you already have shares deposited in your brokerage account, you should contact your broker directly.
Arem Pacific Corp's Transfer Agent:
Interwest Transfer Company, Inc.
1981 Murray Holladay Road, Suite 100
Salt Lake City, UT 84117
Phone: (801)272-9294
Fax: (801) 277-3147
Hours of operation
8 A.M. to 5 P.M. M.S.T.
Monday thru Friday
Except legal holidays.
Our website link: http://www.arempac.com.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.
CONTACT: Investor Contact:
Norm Klein
EastBridge Investment Corporation
480-966-2020 nklein@EbigCorp.com
I have not mailed them yet. But it's coming soon. This is byond rediculous.
Mailed the SEC what about you and others? Chinese companies are hotly pursued by SEC. These guys are all Chinese so they will have their day in court soon.
Looks like someone who doesn't know what is going on mailed you. All of the directors are morons. How can they not know the shares are still not trading?
I also am not able to trade this. Do not have many shares, but still care about the money. This has gone on WAY WAY to long!! Has anyone contacted the SEC about this situation yet??? They are blowing smoke when they are saying that they are waiting for electronic trading approval!! Been involved with buyouts & mergers many times in the past, and have NEVER, NEVER waited more than 5 days before being able to trade the/a new symbol..
SOMETHING ILLEGAL GOING ON HERE, OR THIS COMPANY IS COMPLETELY INEPT. But I am getting to be about 3 minutes away from contacting the SEC.. I suggest others do the same... If inept is the excuse, then the sec will fix the inneptitude by exposing the truth...
I am not able to trade
Response from AZ office ( IS ANYONE ABLE TO TRADE???? )
Re: Investor question
From: Info AREM <info@arempac.com>
To: xxxxxxxxx>
Date: Wed, Nov 6, 2013 6:49 pm
Dear xxxxxxxxx:
Thanks for emailing us.
Regarding to your question from email, you are free to buy and sell Arem shares in the market if your shares are not restricted.
If you have further questions, please don't hesitate to contact us.
Regards,
AREM Pacific Corporation
8040 E. Morgan Trail, Unit 18, Scottsdale, AZ 85258, USA
-------------------------------------------------------------------------------------------------
This email message and any accompanying attachments may contain information that is confidential and is subject to legal privilege. If you are not the intended recipient, do not read, use, disseminate, distribute or copy this message or attachments. If you have received
this message in error, please notify the sender immediately and delete this message. Before opening any , please check them for viruses and defects.
========================================
On Fri, Oct 18, 2013 at 11:00 AM, xxxxxxxxx> wrote:
I am thrilled with the PR today and the announcement that ARPC has signed a definitive agreement with the city of Changde in Hunan, China, to develop a lake side resort. We are all eager for updates.
I represent a core group that is invested in ARPC. My question is when will this company be available for trading on the exchange? Are you waiting on certain approvals? We are eager for the unfolding of the business to succeed. Any information would be greatly appreciated.
Eager for a reply so all can be aware of the steps being taken and eager to hear more news on the possibilities for growth.
Thanks so much,
xxxxxxxxx
Response from AZ office ( IS ANYONE ABLE TO TRADE???? )
Re: Investor question
From: Info AREM <info@arempac.com>
To: xxxxxxxxx>
Date: Wed, Nov 6, 2013 6:49 pm
Dear xxxxxxxxx:
Thanks for emailing us.
Regarding to your question from email, you are free to buy and sell Arem shares in the market if your shares are not restricted.
If you have further questions, please don't hesitate to contact us.
Regards,
AREM Pacific Corporation
8040 E. Morgan Trail, Unit 18, Scottsdale, AZ 85258, USA
-------------------------------------------------------------------------------------------------
This email message and any accompanying attachments may contain information that is confidential and is subject to legal privilege. If you are not the intended recipient, do not read, use, disseminate, distribute or copy this message or attachments. If you have received
this message in error, please notify the sender immediately and delete this message. Before opening any , please check them for viruses and defects.
========================================
On Fri, Oct 18, 2013 at 11:00 AM, xxxxxxxxx> wrote:
I am thrilled with the PR today and the announcement that ARPC has signed a definitive agreement with the city of Changde in Hunan, China, to develop a lake side resort. We are all eager for updates.
I represent a core group that is invested in ARPC. My question is when will this company be available for trading on the exchange? Are you waiting on certain approvals? We are eager for the unfolding of the business to succeed. Any information would be greatly appreciated.
Eager for a reply so all can be aware of the steps being taken and eager to hear more news on the possibilities for growth.
Thanks so much,
xxxxxxxxx
Thanks jvl - glad they called you and at least we know the status at this time.
I emailed their office 2 weeks ago and they called me on the phone. I was told they are working on getting the approval for electronic trading and when the get that, the online brokerage accounts will update and there should be some activity. I also asked about their plans and was told they are working on everything as described here.
Still waiting for a response from the US Office. Reposting the contact info below for anyone who wants to send a request for an update. Unless we shareholders show up in numbers we will be left on the wayside. I urge you to "keep them honest" and respond.
Lol that's not right. After reverse split the outstanding is not that number. It's not updated to reflect reverse split.
Dear ARPC, take care of your current shareholders before screwing over new ones. My god you want respect and you can't even allow current shareholders to move their shares.
Lauren2, How can it be a pump & dump when their is absolutely no pumping going on!!! It's a clean shell buyout.
But what I want to know is where in the hell are the transferred shares. Been way to long for the new reverse split shares to hit peoples accounts.
I am about ready to call the SEC. It's been what, about 3 months now. Expected to take about maybe 25 days. That's 5 weeks, not 3 months!!!!
$1Bn mkt cap with no revenue? Nonsense it is P&D company
Seems they issued/sold a hell of a lot of shares...
Updated recently: http://www.otcmarkets.com/stock/ARPC/company-info
ARPC Security Details
Share Structure
Market Value $937,072,018 a/o Oct 16, 2013
Shares Outstanding 117,280,603 a/o Sep 17, 2013
Float Not Available
Authorized Shares 500,000,000 a/o Sep 17, 2013
Par Value 0.000001
Company Officers/Contacts
George Leong CEO
Dr. Thomas Tang President
Keith Wong Consultant
Company Directors
Rocky Scarpari Chairman
George Leong
Dr. Thomas Tang
I sent an email to the US Office in Scottsdale, Arizona tonight asking for an update on trading and share structure. I will post when I receive a reply.
For you and those who want to be in contact here is the info
Great news today. I like the part mentioning the mining. I remember they are exploring copper mines in China. Too bad this stock isn't trading with most brokers. Wonder why they would make this announcement when we aren't trading and don't even know the details of the share structure, etc... Well, I still like ARPC long term!
Arem Pacific Corporation Signs Definitive Agreement to Develop Lakeside Resort in China
SCOTTSDALE, Ariz., Oct. 17, 2013 /PRNewswire/ -- Arem Pacific Corporation ( OTC: "ARPC") today announced it has signed a definitive agreement with the city of Changde in Hunan, China, to develop a lake side resort. The lake, Liuyehu, is rated AAA for tourism in China and is three times the size of West Lake in Hangzhou. AREM has secured a prime lake side land of about 290 acres to develop a resort that offers water, land and air recreational sports and upscale convention and lodging facilities.
Thomas Tang, president, commented, "Our management team is in China right now to work on this lakeside resort; in addition, we are doing due diligence on a couple other opportunities in mining and retailing businesses."
Website link: http://www.arempac.com
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.
SOURCE Arem Pacific Corporation
Copyright 2013 PR Newswire
ARPC has not been approved for electronic trading yet, so no volume to be expected. It won't be like this forever.
No, and I called Ameriturd a couple of weeks ago about it. They where going to contact the issuing broker about the delay. Of course, I have heard nothing from them!!
Should have shown up by now. Someone has dropped the ball. I may call ameriturd again later today.
Has anyone seen their shares back in their portfolio as yet?
Quote is 7.99 - won't be long before we are up and trading.
Even with the RS this will do well.
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M.A.GALES&,CO.,INC. evolves a definitive win-win framework for each Acquisition. As the acquirers, our mission is to deliver, in a highly professional fashion, management skills and capabilities designed to accelerate growth and increase shareholder value of the acquired company; some of the delivered elements are:Capi
Global technical expertise
Management and operational experience
Extensive contacts
Proprietary rights
For the acquisition to be successful for all parties, the Company being acquired must also meet certain requirements including:
Profitable operatio
Recognized technical expertise
Operational excellence
Positive community relationships
The foregoing items create value for shareholders, for the continuing management and staff, and the community(ies) which they serve and in which they reside.
On June 21st 2013 DMWK was taken control of by http://arempac.com/index1.htm
http://www.otcmarkets.com/stock/DMWK/news/Diversified-Mortgage-Workout-Corp-Today-Announced-Change-of-Control?id=64893&b=y
STAY TUNED!!!!!!!!!!!!
Shares Outstanding | 374,480,602 | |
Float | 43,518,500 | |
Authorized Shares | 500,000,000 |
Volume | |
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Last Trade Time: |