Beicang Iron and Steel Inc (fka BEIC)

[Renee]

BEIC revoked:

http://www.sec.gov/litigation/admin/2012/34-67688.pdf

[Renee]

BEIC SEC Suspension:

http://www.sec.gov/litigation/suspensions/2012/34-66301.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2012/34-66300.pdf

[Sargeant-Preston]

Maybe, finally. The recent trading activity has the "look and feel" of somebody front-loading for a P&D.

[iblong2]

Some life here??

[JonnyRBuck12]

Thanks for the info Blong. If this company is in China we might be screwed unless someone buys the shell like you stated.

[iblong2]

Read post #192.

[iblong2]

But this stock is a steel company in China! Maybe China will support this but I doubt it. It is my understanding this company is bankrupt and has not paid any of its bills to the IR, accountants and lawyers.

Our only hope is that someone will pick up this shell but I would not expect that to happen anytime soon.

[Fallen Gem]

Why is this stock Dead? Anyone

[JonnyRBuck12]

This could be a great play if the company gets its act together. Barack Obama wants to support "American" companies with the stimulus plan in such industries such as "Steel" but it might be too late for this one.

[iblong2]

I contacted the lawyer who was the contact person for a previous NT Form. They are no longer involved with the company. Therefore, as far as I know there is no one to contact to find out anything about the company. Maybe they will sell the shell and put something useful into it.

[iblong2]

There is still no word from this company!

[iblong2]

Anyone have any contacts for this company?

[iblong2]

I have no idea if they have assets or revenues. Their website is down and there is no easy way to make contact.

[IPO$]

I would assume then that there are no assets or revenues. Correct?

[iblong2]

This company has not paid their accountant, IR firm or lawyers and have by default let the company go from a OTC:BB to the pinks.

They are currently in litigation with the previous owners of the shell. In my opinion, the only way shareholders will benefit is if the company is returned to its previous owners.

[IPO$]

In china, steel is mainly used in building, road, bridge and steel structure construction etc.and in industries of machinery, military, automobile, railway, aviation, petroleum and coal etc. What is your opipion on the Chinese steel market outlook and share prices?

[IPO$]

What the company's assets and revenues?

[iblong2]

Lets make a deal Mr. Beicang!

[iblong2]

I see that there is no moderator for this board so I will apply for the gig. I have a fairly large position in this stock and am loosing my ass as are most shareholders.

The only hope I see for shareholders is for the former owners of the shell to regain control.

[iblong2]

Anyone know the status of any of the lawsuits?

[iblong2]

Anyone know what is happening with this company or where one can make any contact?

[FOURWINNS]

happy New Year? With that news?

You mut be nuts

[cashcow5]

Iblong2...thanks for the reply. Happy New Year!!!

Cashcow5

[iblong2]

I heard today that this company is essentially bankrupt. Never paid the IR, accountants or even the lawyers. The best hope for shareholders of this company will be its return to the previous owners and a reverse of all the harm (dilution) that Hu and his thieves did. Unfortunately, the federal case is not due to be heard until Aug., 2008.

[FOURWINNS]

Actually I show it tradng through Nov 28 as Beice closing @ .008. today it closed as Beic @ .006

[FOURWINNS]

It did recieve and (e) for one or two days and traded a bit. then the e was lifted very fast. Wondering too

[iblong2]

I too was wondering what is going on and called the NASD today to confirm the pink sheet status. I was told the delisting was due to being "late" with an emphasis on "late" in their filings. The only way to get back on the BB is for a Market Maker to refile a 15c-211.

Yesterday, I tried calling the IR listed in one of there news releases to find out what is going on with the company. I was told that BEIC had never paid him so he had nothing to do with the company. Does anyone no of any contact in the US for this company?

[newdakota]

now is listed as beic.pk wonder whats happening here, hopefully news sometime soon. :)

[iblong2]

10Q filed "E" should be coming off

http://sec.freeedgar.com/displayHTML.asp?ID=5563003

[snapped]

BEIC gets the E on friday, and their website is down. Not invested here , but on radar

[Penny_Train]

So Cheap...Picked Up A Bunch Today..

[estimator]

A lot of accumulation goin on with all buying here today. This stock should be running like the rest of the chinese stocks. It actually has revenue coming in and based on what CPSL is priced at should be at least half the stock price it has. They need to get uplisted to the Nasdaq bad.



BEIC(2007/10/29)
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
14:41:42 13200 0.015 + OTCBB
14:41:33 25000 0.015 + OTCBB
12:35:03 1800 0.015 + OTCBB
12:01:57 15000 0.015 + OTCBB
11:50:39 10000 0.015 + OTCBB
11:50:36 20000 0.015 + OTCBB
11:49:39 10000 0.015 + OTCBB
11:49:06 5000 0.015 + OTCBB
11:48:57 5000 0.015 + OTCBB
11:48:54 5000 0.015 OTCBB


Posted by: HokieHead
In reply to: None Date:10/17/2007 5:27:23 PM
Post #of 166

Interesting valuation here...

Comparing this to big board China Steel plays GSI and CPSL, BEIC seems to be pretty cheap.


Share Price:
BEIC = $ 0.015
CPSL = $10.44
GSI = $13.40

Market Caps:
BEIC = $ 15 million
CPSL = $391 million
GSI = $434 million

TTM sales:
BEIC = $38 million
CPSL = $54 million
GSI = $248 million

PS Ratio:
BEIC = 0.39
CPSL = 7.23
GSI = 1.75

In the Steel and Iron industry, say the average PS ratio is 1.5. BEIC could/should be trading at least 6 cents which is 4 times higher than today's close.

[startingboy]

nice day here, people starting to discover this little beast :)

[startingboy]

Steel demand to completely outstrip global economic growth, with big knock-on benefits for numerous mining companies.

Author: Barry Sergeant
Posted: Monday , 08 Oct 2007

JOHANNESBURG -

The International Iron and Steel Institute (IISI), has upgraded its global forecasts for apparent steel consumption, for both 2007 and 2008, implying significant ongoing positive knock-on effects for mining companies producing the various inputs that go into the steel making process.

Apparent steel use is expected to increase from 1121 million tons last year to 1198 million tons in 2007, an increase of 6.8%, and one that significantly outpaces the rate of global economic growth. The IISI's latest projections for 2008 suggest a similar global growth rate to 2007, at 6.8%. The figures represent an upward percentage point revision of 0.9 for 2007 and 0.7 for 2008 over earlier forecasts, published in March.

While iron-ore diggers stand as the most visible beneficiaries of strong ongoing demand for steel, producers of other steel ingredients such as coking (metallurgical) coal, manganese and molybdenum stand to benefit; in the case of stainless steel, demand for chrome and nickel is set to remain strongly underpinned.

According to the IISI, the BRIC (Brazil , Russia , India and China ) countries, which accounted for about 41% of global steel demand in 2006, will again be leading the growth with an expected increase of 12.8% for 2007 and 11.1% for 2008. Overall, 77% of world growth in 2007 and 71% in 2008 will take place in BRIC.

China's apparent steel use is expected to grow by 11.4% in 2007 and 11.5% in 2008, accounting for 35% of the world total. For India, forecasts for apparent steel use point to an increase of 13.7% in 2007 and 11.8% in 2008.

The IISI spelled out its belief that recent financial market volatility would do little, if anything, to stem demand for steel. IISI executive committee chairman John Surma said in a statement that "although global economic risks have increased, the IISI forecast assumes that the recent credit market volatility will not move the US economy into recession".

The stock price for the world's leading iron ore digger, Brazil's CVRD (NYSE: RIO, US$33.56 a share), has more than tripled in the past 12 months; stock prices for the second and third dominant members of the club, Rio Tinto (RTP.L, £43.10), and BHP Billiton (BHP.L, £17.66), have also soared. Among junior iron ore stocks, Fortesque (FMG.AX, A$53.95) is currently trading at record levels.

Seen at the steel end of the story, the price of Arcelor Mittal (MT, US$78), the world's biggest steelmaker, has more than doubled in the past 12 months, and is currently trading up around record highs.

The analyst community anticipates that global iron ore production is set to increase from nearly 500m tons in 2000 to close on 1000m tons in 2010. By that stage, it is expected that CVRD will be producing some 32% of the world total, followed by Rio Tinto (25%) and BHP Billiton (15%). All other producers combined are expected to supply 28% by 2010, and include Kumba Iron Ore (JSE: KIO, R229), and by 2010, no doubt also emergent producers such as Fortesque.

Short range outlook for apparent




steel use (2006-2008) in '000 of tons




Regions
2006
2007
2008
% 05/06
% 06/07
% 07/08

EU-27
185
192
195
11
4
1

Other Europe
27
29
31
11
8
6

C.I.S.
50
60
65
18
20
9

N.A.F.T.A.
156
148
154
12
-5
4

Central and
36
40
42
12
11
5

South America

Africa
23
25
28
11
9
10

Middle East
37
40
43
10
8
8

Asia (inc. Oceania )
607
663
721
6
9
9

World
1121
1198
1279
9
7
7

BRIC
458
517
574
10
13
11

Rest of the World
764
800
835
9
5
4

Source: The International Iron and Steel Institute

[daddyboo]

i agree...small buys makes it jump.....not many shares for sell....Michael

[startingboy]

under radar this is a beast waiting to be discover

[HokieHead]

Interesting valuation here...

Comparing this to big board China Steel plays GSI and CPSL, BEIC seems to be pretty cheap.


Share Price:
BEIC = $ 0.015
CPSL = $10.44
GSI = $13.40

Market Caps:
BEIC = $ 15 million
CPSL = $391 million
GSI = $434 million

TTM sales:
BEIC = $38 million
CPSL = $54 million
GSI = $248 million

PS Ratio:
BEIC = 0.39
CPSL = 7.23
GSI = 1.75

In the Steel and Iron industry, say the average PS ratio is 1.5. BEIC could/should be trading at least 6 cents which is 4 times higher than today's close.

[ttattletell]

Beicang Iron & Steel Inc announced that due to increase in the total output volume of stainless steel products of Taiyuan Iron & Steel (Group) Company Ltd from 1 million tons to 3 million tons, it anticipates a significant increase in its own revenues. TISCO's increased output is expected to bring a strong market demand for the raw material.

TISCO is one of the largest clients of Pinglu County Changhong Ferroalloy Co Ltd, which annually has provided most of its 400,000 tons of ferrochromium alloy products to TISCO. BEIC, through its wholly owned subsidiaries, provides exclusive management, consulting and other general business operation services to PL in return for a service fee which is equal to 95% of PL revenue, less operational cost and fees.

BEIC is a China based iron and steel raw materials supplier that supplies ferrochromium alloy, among other products, to TISCO. BEIC produces palletized ore and ferrochromium alloy through its two subsidiaries in Shanxi province Fanshi County Xinyu Iron Resource Co Ltd and Pinglu County Changhong Ferroalloy Co Ltd with annual production capacity of 400,000 tons of palletized ore and 40,000 tons of ferrochromium respectively. These two companies are currently operated by Bestlink Management Consulting Co Ltd, a wholly owned subsidiary of Beicang.
************************************************************


Taiyuan Iron and Steel (Group) Co., Ltd. No. 2 Jiancaoping St.
Taiyuan, Shanxi 030003, ChinaPhone: [phone]
Fax: [phone]
http://www.tisco.com.cn

Hoover's coverage by Peter Partheymuller

Overview

This company's position in the steel industry has been hard fought. For some time Taiyuan Iron & Steel (TISCO) has been China's largest stainless steel producer, but the company was never satisfied with that distinction alone. Expansion efforts since 2003 have increased its annual stainless steel production to 3 million tons, making it the world's largest supplier. TICSO's total steel production output is more than 6 million tons. Its other products include boiler, naval, pure iron, vessel, low alloy, die, and alloy structure plates; quality carbon steel; and structure carbon steel.

http://www.hoovers.com/taiyuan-iron-and-steel/--ID__150201--/free-co-factsheet.xhtml

[ttattletell]

BEIC China play rev's $38M...a China play that is actually making money...looking for BEIC to hit .25 short term, this puppy moves FAST!...

NDRC: China's crude steel production is expected to reach 460 million tons in 2007
(CISA)
Updated: 2007-03-01 14:48
Counter:281

The National Development and Reform Commission pointed out in an industry notice that domestic steel industry took advantage of favorable overall business trend home and abroad and the industry in 2007 will keep a steady growth in spite of difficulties in tightened rail transportation, increased trade frictions and soared prices in raw materials.

Steel consumption rose by 10%.


In 2007, the development of world economy and China's macro business will remain stable although the growth tends to slow down. A survey from China Iron and Steel Association indicated that steel consumptions will continue to rise to a certain degree from sectors such as construction, machinery, auto, shipbuilding, petrol chemical, power, coal, transportation, rail, environmental protection, light industry, home appliance and hardware during the next few years, which will offer an effective room for our steel industry to develop.


The notice said it is entirely possible to realize a growth of 10% for GDP in 2007, 20% or more for fixed assets investment, some 20% for trade value of import and export as well as 10% or so for steel consumption. As a result, China is expected to produce crude steel of about 460 million tons and maintain a stable and growing trend in 2007.


Four reasons to constrain the development of the industry:


1. Restrict from rail transportation still exists in certain regions and times.


2. There were 11 countries adopting 27 anti-dumping and counter-subsidy cases against our steel producers in 2006, led to increased trade frictions.


3. Sales policy and pricing system yet to be established, excessive growth in both new and existing capacity exerts certain influence to the operation of the industry.


4. Prices of raw materials such as iron ore, ferroalloy, imported scrap, coal, electricity, oil and freight rate will continue to rise, and increased cost pressure see no let-out.

http://www.chinamining.org/News/2007-03-01/1172731855d3803.html

China Becomes World Leader In Stainless Steel Production
Its output exceeded 5 million tons in 2006.


By . Agence France-Presse
Jan. 22, 2007 -- China has for the first time become the world's largest stainless steel producer, with its output exceeding five millions tons in 2006, a rise of 60% since 2005, state news agency Xinhua reported.



The rise is a result of a number of projects launched in 2005 by Chinese steel producers including Taiyuan Steel, Baosteel and Jiuquan Iron and Steel Group, Xinhua quoted China's National Development and Reform Commission as saying. The commission is the country's main economic planning agency.


The expansion is set to continue since China's stainless steel production capacity rose to 12 million tons by the end of 2006 and at least 20 new plants are set to commence production this year, the commission said.


The world's total stainless steel output in 2006 was expected to be 27.8 million tons, about 3.4 million tons more than the previous year, Xinhua said.

http://www.industryweek.com/ReadArticle.aspx?ArticleID=13448

[sklein870]

Not 40% for me and that's why I'm hoping for some more juice

[steeledge]

I hope you're not complaining about a 40% move!
Hopefully much higher levels to come.

[sklein870]

So why not BEIC... Last year revs were $36mill

[steeledge]

All the china steels are going crazy: CPSL, TNRO, GSHO, CSWT

[sklein870]

I sure hope so. NITE looks like the problem for now. Now he's boxing us in

[MWM]

A lot of volume for this one, something might be cooking...

[TellMe]

I've been adding .02 - we shall see how the China moves helps.

[MWM]

hmmm

12:20:03 5000 0.021 + OTCBB
12:19:48 50000 0.02 - OTCBB
12:19:39 5000 0.021 + OTCBB
12:18:54 5000 0.02 - OTCBB
12:18:54 5000 0.021 - OTCBB
12:18:42 5000 0.021 - OTCBB
12:18:42 5000 0.021 - OTCBB
12:16:18 5000 0.027 - OTCBB
12:15:39 5000 0.027 - OTCBB
12:15:09 5000 0.027 - OTCBB
12:09:33 5000 0.03 + OTCBB
12:09:27 10000 0.03 + OTCBB
12:09:27 6300 0.03 + OTCBB
12:09:21 6200 0.03 + OTCBB
12:09:15 30000 0.03 + OTCBB
12:09:09 5000 0.03 + OTCBB
12:08:42 5000 0.03 + OTCBB
12:07:51 5000 0.025 + OTCBB
12:07:24 19077 0.025 + OTCBB
12:07:21 7500 0.025 + OTCBB
12:07:15 30000 0.025 + OTCBB
11:49:21 25000 0.02 + OTCBB
11:49:21 30938 0.02 + OTCBB
11:46:21 10000 0.019 + OTCBB
11:46:21 85000 0.019 + OTCBB
11:44:18 45000 0.019 + OTCBB
11:42:36 70000 0.019 + OTCBB
11:39:39 5000 0.018 + OTCBB
11:39:00 28400 0.018 + OTCBB
11:38:12 33300 0.018 + OTCBB
11:38:00 5000 0.018 + OTCBB
11:37:51 33300 0.018 OTCBB

[Let's Roll]

Okay, anyone have any idea what is moving this one today? TIA

[john wayne]

Dang this doesn't move does it? Sitting near 52 week low.

[novus ordo seclorum]

Not sure but that sounds right