Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
welcome back Mr sailor.....
It would be silly of them not to file but other chinese companies have messed it up before....
they would risk our class action suit though I would think....
as they are still in business and doing well
tommer
Have you been able to contact the management about the CNAG here in the U.S.?
And also welcome back!
THREE CNAG websites show constant DAILY progress:
IMHO: CNAG may be negotiating behind the scenes for a better outcome, but guessing. Still optimistic. (May 2nd is SEC deadline.) A rational conclusion (with their daily expansion growth seen evidenced & proven on the websites) is perplexing, but litigation takes time. They MUST realize already they could EASILY recoup their $160 Million market cap quickly! Astronomical future really huge potential is very realistic, without a doubt in Shanghai, etc..
WHY WOULD THEY MAKE ENGLISH WEBSITES, IF NOT FILING? My guess is they will eventually file, but litigation is very slow moving.
***** DEAR CNAG: NEED $160 MILLION? JUST FILE WITH SEC!! *****
THREE CNAG websites show constant daily progress:
(( TURN ON ADOBE SHOCKWAVE FLASH ))
CNAG = 9D Decorative design:
http://www.9dzs.cn/En/index.asp
Subsidiary:CNAG=Hangzhou 9d Aoli Furniture Co., Ltd.:
http://9daoli.en.gongchang.com/about
http://9daoli.en.gongchang.com/
http://9daoli.en.gongchang.com/product
OLIVE FURNITURE WEBSITE IS BACK UP!!!
http://www.9daoli.com/index1.asp
=============================================================
http://www.9dzs.cn/En/partners.asp
ELEVEN MANUFACTURER'S WORKING CNAG PARTNER'S LINKS FUNCTION:
http://www.9dzs.cn/En/des.asp?BigClassID...
EXPANSION! MORE DESIGNERS, SUPERVISORS, & MANAGERS!!!
==>> 21 Designers now shown on 9D's website!
#1. Jay.
#2. Zhu Chuan Canada.
#3. Pei Jie.
#4. & PREVENTION.
#5. Zhang Health.
#6. (Ms.) Wang Beifang.
#7. (Ms.) Monika.
#8. Romen.
#9. (Ms.) KIVI.
#10. Single Li Liang.
#11. When Handsome.
#12. (Ms.) Faye Wong.
#13. (Ms.) Xu Jun.
#14. Wu Hung.
#15. Ma Qin.
#16. (Ms.) Lu Wenting.
#17. Meng Nan.
#18. Ptiger.
#19. NEIL.
#20. (Ms.) Cai Yiping.
#21. (Ms.) Yuan Xiaoyi.
**************************************************
MANAGERS:
#1. Kong Jianjun.
#2. ??? = Li Hongming.
#3. Mao Wenjiang.
#4. Yao Ming Si.
**************************************************
SUPERVISORS:
=> 19 Districts & Counties listed ACTIVE.
9:48a ET March 12, 2011 (Dow Jones)
"China Vanke President: Will Build Public Housing If Profitable -Report"
"BEIJING (Dow Jones)--China Vanke Co., the country's largest property developer by market share, is willing to build public housing if it's profitable to do so, the 21st Century Business Herald reported Saturday, citing Vanke President Yu Liang.
Under heavy pressure to meet Beijing's public housing construction targets, many local governments have approached Vanke on proposed developments, the paper cited Yu as saying.
He said Vanke is already involved in some public housing projects, including one that exceeds 1 million square meters in Nanjing city, but the company seeks to protect investors' interest first and foremost in considering future projects, according to the report.
"We tell local governments that it's enough to leave us with a profit of one yuan on public housing developments...that way we can tell investors that we didn't lose money on the project," the paper quoted Yu as saying.
Vanke funds 100% of the public housing projects it develops, and the average return is between 3% and 5%, he added, according to the report.
Whether there's a model for sustainable profit growth in public housing, Yu said Vanke has yet to find one and it will be up to the government regulators, the paper said.
Yu added Vanke would be "quite happy" to manage development projects for a fee on behalf of the government, which would provide capital and land, the report said.
China's massive public housing initiative will benefit the real-estate industry, as it will ensure that low-income earners are taken care of and allow the commercial property market for the wealthier segment of the population to develop, the paper also cited Yu as saying.
China will spend CNY1.3 trillion yuan ($197 billion) to construct about 10 million affordable apartments in 2011, the official Xinhua News Agency cited Vice Minister of Housing and Urban-Rural Development Qi Ji as saying Wednesday.
Chinese Premier Wen Jiabao said last week China plans to build 36 million government-subsidized apartments over the next five years."
Maybe a reverse merger of some kind will happen. That could push this to over a $1.00 a share.
mike it has been dead i agree , kinda getting worried about the company following thru....I am sure insiders are holding a lot, arent they going to file?
Have you found out anything more? Been so quite here :)
Sun now would be a great time to call them and see if they care at all about US shareholders....If you want to that is as I dont speak chinese....shieh shieh
SEC Orders Hearings On Registration Suspension Or Revocation Against China 9D Construction Group
02/2/2011
In conjunction with trading suspension, Securities and Exchange Commission (SEC or Commission) also instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities China 9D Construction Group (CNAG) for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that CNAG is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registration pursuant to Exchange Act Section 12 of each class of the securities of company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.
Thats a bit rich for me :)
Cut one zero, 'Mikembte2005'! Try it @ 0.05 & tell us what happens. LOL!
Mike
Nobody is going to sell it for half a cent mike...
try 1.5 or 2 cents
gl
tommer
Need some people to put some trades in.
For two weeks you could not even put the order in.
trading was suspended for two weeks.
there is no bid/ask. it is trading on the grey sheets. matched trades only.
Thats correct. No bid or ask but if someone puts a sell order in under .005 I may get a fill. May take a while.
For two weeks you could not even put the order in. Now I can put the order in but no one is buying or selling. For it to fill someone needs to sell I think.
yeah mike that aint getting filled....it isnt trading and when it does they dont move it down that much...try a penny and a half maybe...
gl
tommer
Buy order at .005 will not fill. Not sure of what the bid and ask price are. Will leave it in and see what happens.
trading resumes on the grey sheets in the morning. who's in?
so, what's the latest? it sure got quiet around here. will anyone be buying when it reopens on the grey sheets?
Right now it is suspended due to a lack of paperwork being filed...
after they file golden investment....company makes $$ in china
but it too lazy / cheap to file....
gl
tommer
Is this a scam or a golden investment ?
This forum is for opinions on the stock CNAG not for personal attacks or off topic posts
thanks
tommer
please consult ihubs tos....personal attacks and off topic posts are not allowed....nor are petty threats.....the last one is marginally on topic so it will stay
Thanks. Great DD on CNAG for me in considering whether to invest in CNAG. Since the previous two Msgs were deleted in 5 seconds, I'll go with the Call: "Penny Stock with Goal Tending on Message Boards". And throw in the SEC Suspension, of course. If anyone has additional info on the SEC suspension and it's affect on long term investment in CNAG, please feel free to respond to me. Also, any sign of NSS? tia
For the Record, all of that is a NO BUY signal to me at this point. CNAG could eventually end up in Court (or In Settlment) with the SEC. No call on the DOJ yet, but I do not rule it out, based upon my DD on this Board and other places.
And since I am doing DD on this Board, this Message is On Topic and describes one technique of determining whether a stock is an investment for my portfolio. Others may use my DD technique, if they wish. So please do not delete.
CC: SEC
DOJ
Other places
Mike306, Hope that wasn't you that sold 55K, as $550 is no substitute for patience with gains so highly probable.
Huh? Nobody sold anything. The stock is suspended.
No, I did not, and I do not really care much. I only gambled a small amount of money "down there," and these occasional gamblings either work, or not.
Right now, let's see if the suspension is lifted. If not, in which case it will become a grey company, no problem as in fact it did behave like a grey company for the last almost two years.
Mike
Mike306, Hope that wasn't you that sold 55K, as $550 is no substitute for patience with gains so highly probable. A few months most likely for audit & update is no big deal.
Maybe sooner!
Miss your input & posts here.
"200K more for me. All loaded up (with about 0.75% of the OS). Let the fun begin! Mike"
Respectfully submitted>>
ALL FOUR RELATED COMPANIES= HIGHLY SUCCESSFUL!
ONP, BFAR, JADA, SIBO ARE ALL REPORTING & HIGHLY SUCCESSFUL.
LOVING IT! WHO CARES HOW LONG IT TAKES!
10,000% PERCENT GAINS EXPECTED & PROBABLE FOR CNAG.
JUST TAKES TIME TO UPDATE, AUDIT, HIRE ACCOUNTING HELP, & COMPLIANCE PROFESSIONALS TIME TO COMPLETE.
THEY ARE HIGHLY HONORABLE AT CNAG & RELATED COMPANIES.
CONTEMPTUOUS JEALOUSIES WILL NOT HELP ACQUIRE CNAG SHARES NOW.
PREPARE TO PAY SEVERAL DOLLARS PER SHARE FOR CNAG, =>> & SOON!
CNAG = 10,000% GAINS.
-will take a few months to audit & update though.
WHO CARES!
Better than A MERE 10% a year. That's for sure.
WE HIT THE JACKPOT HERE. NO DOUBTS!
"You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right—and that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else." -Warren Buffett
From(1-10-2008, FORM 10-KSB) CNAG:
"In consideration of issues that may arise from the above control
deficiencies inherent in the Operating Subsidiary's transition from an overseas
private company to a subsidiary of a U.S. reporting company, and to ensure the
reliability of future financial reports, our management has determined to
continue to augment the financial reporting system inherited from the Operating
Subsidiary, including our intended engagement of independent consultants
experienced with the U.S. reporting requirements imposed upon public companies
to implement and install a fully-integrated financial and operating control
system for our Company and its consolidated operations during the fiscal year
ending December 31, 2008 and, as necessary, our hiring of requisite support
personnel to facilitate the timely preparation of accurate financial reports." Quoted from FORM 10-KSB (1-10-2008)http://www.sec.gov/Archives/edgar/data/1321223/000119380508000079/e603072_10ksb-china9d.txt
Zheng Ying, Chief Executive Officer and Chairman
"Mr. Ying became our Chief Executive Officer on August 31, 2007 and has
also served as a director and our Chairman since October 9, 2007. Mr. Ying
brings more than 20 years of work experience in exterior and interior building
decoration, research and development, management, international trade
negotiations discussion and business relations. From November 2005 until August
2007, Mr. Ying served as Chief Executive Officer in Tianjin Yufeng Investment
Company, where he managed the development and operation of many construction
projects. During the years 2005 and 2006, he also served as a consultant to
Tianjin Kong Harbor Logistics Company Limited. From April 2002 to October 2005,
Mr. Ying served as Chief Executive Officer of Tianjin Xinye Real Estate
Developing Company Limited and was responsible for the company business strategy
development. As CEO, he coordinated different departments and was in charge of
funding, construction, designing and market promotion in connection with many
real estate projects. Between 1989 and 2002, Mr. Ying worked in different real
estate construction companies where he accumulated experience related to the
architecture and home decoration industry. Mr. Ying graduated with a degree in
Architecture from Tianjin University in 1989."(
QUOTED FROM SAME SEC FILING)http://www.sec.gov/Archives/edgar/data/1321223/000119380508000079/e603072_10ksb-china9d.txt
Yanbin Wang, Chief Financial Officer
ALSO CEO OF HUUUGE ( RDBO )!!!!!!!!!!!!!!
"Mr. Wang became our Chief Financial Officer on August 31, 2007. Prior to
joining us, Mr. Wang worked at China Potevio Group Co., Ltd since 2002, where he
worked with board of directors, banks and attorneys regarding the company's
internal structure transformation. His responsibilities included financial
planning and analysis, business expansion and startups, crisis management,
transformation coordination and capital re-composition. During his five years at
Potevio Group Col, Ltd, he has been involved with restructuring many of its operational subsidiaries, including revising different departments' capital
resources, replacing over 12,000 employees in different departments; coordinated
works and negotiated with governments, banks, creditors, investors and agents
regarding the merger and acquisition of the business; drove the operational
planning and successful execution for new departments. In 2002, Mr. Wang got his
master degree in accounting from Beijing Technology and Business University. Mr.
Wang is a senior executive with extensive hands-on experience in financial
planning, accounting, business leadership and management. He worked in China
Industrial and Commercial Bank (Shandong Branch) from 1994 to 1999, accumulated
excellent experience related to bank's finance and developed communication
network with governments and logistics partnership with top valuable clients.
Mr. Wang graduated with a degree in accounting from Shandong Industrial
Technology College in 1992." (SAME FILING QUOTED)
Sometimes CNAG goes 2 weeks without trading anyway. Not to big of a deal. If they ever start to file again this will move for sure. We know the company is very active in China and its just a matter of updating the US exchanges.
The OTCMarkets site? Sheesh. Its information is quite accurate. CNAG isn't on the Greys yet, but it will be soon.
So you'd rather hear that it's a Pink with MMs from the SEC?
As of January 25, 2011, the common stock of CNAG was quoted on OTC Link (formerly "Pink Sheets") operated by OTC Markets Group, Inc., had six market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
http://www.sec.gov/litigation/admin/2011/34-63817.pdf
In addition, its incorporation in Nevada has been revoked:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Nb120atVKgK%252b13xTLNcXtg%253d%253d&nt7=0
I wouldn't count on hearing from then anytime soon.
That website is a FOR PROFIT independent website NOT sanctioned by the SEC. My source is an SEC attorney.
No, it has not been Grey:
OTC Market Tier OTC Pink No Information
http://www.otcmarkets.com/stock/CNAG/company-info
That will change to "Grey Market" in about four days. On the Greys, MMs will not be allowed to make a market.
PS. How many non-fiction books in your home library?
About 2000.
Some do, others don't, when they find themselves in this situation. If they do, usually all they say is that they're "cooperating with the SEC".
They've already been designated Caveat Emptor at Pinksheets.
I have been looking at this issue but haven't taken a position yet. It seems appropriate that the company should issue a press release on the SEC action.
What? I told you I heard of it for the first time today, when I read the suspension notice. Of course I don't have any position.
What, exactly, can be "verified" in SEC filings? Their last financials were from 2007. And by independent verification, I mean third party verification.
You should read the articles I posted earlier. Seems a lot of Chinese companies--many of them exchange-listed--have been cooking the books.
CNAG will not be "rocketing" anywhere. Do you understand what happens when a stock is delisted to the Grey Market?
All of it in entirety completely can be & is verified with SEC filings.
Their websites just add more icing to the cake!
Example: Aoli 9D Furniture has up to US$10 million revenues, 500+ employees, & has shipped globally for decades. See the photos!
Now it's your turn to answer please:
(Just curious.)
Janice: Are you a CNAG shareholder? Yes? No?
How many China owned companies do you own shares of right now?
Many? A few? None?
Are you an optimist or pessimist?
Do ya think I got a good haircut? (Asked for George Clooney Style!)
PS. CNAG needs no hype support. IT WILL ROCKET BY ITSELF!Thanks for posting Janice & WELCOME!
(Please read all past posts, if you can for more.)
You're appreciated here!!! Welcome, Janice! :):)
Hope to hear from you....
Never heard of it until today.
How much of what you know about the company and its management can be verified independently?
I suspect the SEC will be taking a close look. More on Chinese reverse merger stocks:
http://www.businessinsider.com/sec-in-massive-probe-of-chinese-reverse-mergers-that-have-cost-investors-billions-2010-12
http://thestreetsweeper.org/volunteerdeputies.html?i=1553
And there are tons of similar articles.
janice we have been emailing them and can see they are making money and they dont respond....this could be a blessing in disguise
BUT i WOULD AGREE JANICE THEY NEED TO GET OFF THEIR BUTTS...
but they will as they own too many shares
I'm just telling you what the SEC action means. They don't care if he's rich. They want those filings.
janice the ceo is one of the 400 richest people in china...
please research before giving your doom and gloom
thanks!
Well, the suspension and threatened revocation are no different than those imposed on Pink scams. So the company had better get in touch with the SEC very quickly, or it'll all be over in five or six weeks.
The SEC is getting tough with Chinese companies nowadays.
And doing what the SEC wants won't be easy. They have to provide audited financials from 2007 to the present.
Well, the suspension and threatened revocation are no different than those imposed on Pink scams. So the company had better get in touch with the SEC very quickly, or it'll all be over in five or six weeks.
The SEC is getting tough with Chinese companies nowadays.
Janice not like the other companies you post about this is a legitimate company with large profits who is too cheap to do filings...now they cant be
In addition to suspending, the SEC may also revoke the stock's registration:
IT IS HEREBY ORDERED that a public hearing for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed, and before an Administrative Law Judge to be designated by further order as provided by Rule 110 of the Commission’s Rules of Practice [17 C.F.R. § 201.110].
IT IS HEREBY FURTHER ORDERED that the Respondent shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission’s Rules of Practice [17 C.F.R. § 201.220(b)].
http://www.sec.gov/litigation/admin/2011/34-63817.pdf
Followers
|
7
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
423
|
Created
|
02/24/08
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |