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ARUZQ SEC Suspension for Financials / Filings delinquencies:
http://www.sec.gov/litigation/suspensions/2015/34-74662.pdf
Order:
http://www.sec.gov/litigation/suspensions/2015/34-74662-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2015/34-74661.pdf
ARUZ changed to ARUZQ:
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/26/2012&mkt_ctg=NON-OTCBB
Nice Credential for ARUZ Chief Engineer:
Donald North, Vice President of Engineering - Mr. North became our Vice President of Engineering on June 7, 2007 in connection with our acquisition of AuraSound. Mr. North has served as AuraSound’s Engineering Director since 2005. Prior to his current position at AuraSound, Mr. North was a Loudspeaker Design Engineer at Harman International from 1999 to 2000 and served as a Transducer Engineer at AuraSound from 1995 to 1999. Mr. North began his career as an engineer for Boston Acoustics in 1995. Mr. North is the inventor of the Whisper transducer and has served as the lead project engineer and project manager for the research and development teams responsible for the creation of several AuraSound product lines including the Mobile Reference series of woofers and Monster Cable’s M Design series of home theater loudspeakers. Mr. North graduated from California Institute of Technology in 1994 with a B.S. in Engineering and Applied Science.
The Following have made changes to their Authorized Shares in the last 24 Hours TICKER Authorized 1 Par Value 1 Authorized 2 Par Value 2 Full company name SOS Link Last Trade Volume Percent Change
ARAU 16,666,667 0.01 3,333,333 0.01 AuraSound, Inc. SOS Link 0.20 0 0
Still alive...Its a slight heart beat, but at least..Its a heart beat
You can say that again...They don't come along like this too often
Back in the Saddle Again
Aura Sound (ARAU, OTC), the little company with great big ideas is poised to regain the crown. Expanding at a rate greater then its capacity led to quality problems that just about killed Aura Sound, the little company from Santa Fe Springs, CA, lead by Chairman and CEO Arthur Liu. Rolling up his sleeves, Arthur Liu sought and found the right manufacture to produce the volume and quality necessary to complement Aura Sound's popular products. Working directly with Guogong Electronic Co., Aura Sound has found the partner needed for its long term success. The relationship fitted so well, Guogong Electronic Co., became an investing partner with Aura Sound via its parent company GGEC.
Says who? The market and end consumer says who. Just ask your teenage son what there favorite car speaker and booty shaker is and you will get this response, Aura Sound if you could only get a hold of them. Go to their U.S. distributor, Madisound and asked any salesperson if Aura Sound is popular and you will get this, “can’t keep their product on the self.” Yep they are back on the saddle again and their stock is poised to sky rocket.
This is an interesting event, I'm looking at how this will play out.
I wish you the best out of this.
My best guess at the moment is $1.80/$15.00 and I'm sticking more to the lower. If it split today..We looking at around $3.00..So its hitting in that range.
Anything under 0.30 before split looks good to me
I'm looking for some where around .60 eps from GGEC America
and the stock to trade post split around $1.80
3x eps
I believe GGEC China is trading around 25x earnings atm
If GGEC America trades around 25x earnings that makes it $15.00
I'm on the low side at $1.80..Strong company with year for year revenue and profit growth.
I'm truely not sure at the moment..Just waiting for the transaction to finish and see if its better than I expected.
2008 revenue of GGEC
144,191,669 US Dollar
2008 Earnings
12,953,804 US Dollar
Around 47% of earnings comes from America
Numbers on GGEC China
INCOME STATEMENT ANALYSIS
Totals 002045
Total Revenue 144.3M
Gross Profit 37.9M
Operating Income 19.9M
Net Income 13.0M
Currency in US Dollar.
Grats on your pick there stockjoker,
How do you see this going from here on out?
Very Nice..Booya baby...This is far from over..This is the beginning of something nice
Pretty wild situation here - congrats if you sold any today.
I believe what we have here is a private Chinese company in america
getting ready to go public . It seems they will purchase 55% of new issued shares of ArauSound to obtain the 55% for $3 million.
The O/S is 28 million..After the transaction is complete I expect the O/S to be some where around 60 million. Followed by a 1/6 R/S reducing the O/S to around 10 million and just over 2.4 million in the float.
GGEC in China has its stock trading around 10.50 on the Chinese market.
I'm just waiting for the day Ggec America takes control with 55% of ARAU stock and begins trading here in america.
GLTA
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Entry into a Material Definitive Agreement
The following discussion provides only a brief description of the documents described below. The discussion is qualified in its entirety by the full text of the documents.
On October 7, 2008 we and our subsidiary, AuraSound, Inc., a California corporation (the "Subsidiary"), entered into a non-binding letter of intent with GGEC America Inc. ("GGEC") pursuant to which GGEC will purchase from us shares of our common stock which, immediately following the consummation of the purchase and sale, will represent approximately 55% of our issued and outstanding shares of common stock (the "Transaction"). GGEC will pay approximately $3 million for these shares.
May 13 /PRNewswire-FirstCall/ -- AURASOUND, Inc. (OTC Bulletin Board: ARAU - News; "AuraSound") announced today that its board of directors has approved definitive transaction documents for the purchase by GGEC America, Inc.
GGEC is in the fianl stages of its due dilience review and has indicated a desire to close the transaction prior to June 30,2009.
Arthur Liu, Chairman and CEO of AuraSound, made the announcement, noting: Guogong
Electronic Co., a Chinese company that owns GGEC, has been our primary supplier since November 2007 and we
are excited that they value our strategic direction, marketing and product designs sufficiently to become our partner
for the future. We have already begun to see our products gaining recognition as a result of our relationship with GGEC
Announced 05/13/09
3.00M for AuraSound, Inc.
Private Placement
AuraSound, Inc. (OTCBB: ARAU) announced a private placement of common shares for gross proceeds of $3 million on May 13, 2009. The transaction will include participation from Guoguang Electric Co., Ltd. The investor will acquire 55% stake in the company in this transaction.
002045's price was unchanged after the transaction was announced on 05/13/09.
Investor / Buyer
Guoguang Electric Co., Ltd.
This company profile is for the private company Ggec America, Inc , located in Orange, CA. Ggec America, Inc's line of business is whol electronic parts/equipment.
Address: 770 Citydrive S Ste 8500, Orange, CA 92868
President
Jiaxi Huang
GGEC in China
Shenzhen: 002045.SZ
Good Sourcing
www.dev.goodsourcing.com/main/exec/more/mod/corp/uid/0fe3e5e3a2f1uwv4
ARAU as per pinksheets.com
SEC Reporting Company
Est Market Cap
2,105,398 as of Jun 17, 2009
Outstanding Shares
28,071,972 as of Nov 12, 2008
float near 14 million
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