China Dom. Bio-tech Hldgs Inc. (fka CDBH)

[Renee]

CDBH FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[Renee]

CDBH SEC Suspension for Financials / Filings delinquencies:

http://www.sec.gov/litigation/suspensions/2015/34-76792.pdf

Order:

http://www.sec.gov/litigation/suspensions/2015/34-76792-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2015/34-76793.pdf

[temp luvs amy]

Somebody making an offer to buy the company on level 2. Officers evidently can't trade it, or aren't interested at that price.

Speaking of delinquent filings.

I own this one. http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=7TYLnRNd8W%252b2mEOmPCc9Tg%253d%253d

Suspended from trading, but still updated in Nevada. Last filings indicated several million in Real Estate.

It's a crazy world.

[temp luvs amy]

Loaded the boat at $2. You can't buy a clean shell for this price.

[temp luvs amy]

I was just watching before the R/S. Bought on price drops.

[Blue_Label]

really, seems like you're been holding this for much longer now

[temp luvs amy]

I think I bought some in 2009, but it's quite a while anyway.

[Blue_Label]

How long have you been holding this?

[temp luvs amy]

It's just so hard to believe that they put so much cash into buying the shell, and did nothing with it.

I'm still holding out hope.

[DesertRat1]

Renee, my guess is there is nobody here to contact. Even the Nevada license is in default. Who knows if the address they show for the officers is even valid any more. They're a year and a half late:
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=OdNv1UJOpnPjO7j24XQ9Tg%253d%253d&nt7=0

How many shares you holding?

[Renee]

CDBH is severely delinquent in filing their Financials and corporate filing obligations to the SEC. On Feb. 20, 2015 the SEC suspended 7 stocks from the Delinquent SEC Filers list, and it is likely that more delinquent Filers will be suspended.

Since Jan 1st, 2010 the SEC has suspended over 1290 stocks for Financials delinquencies. All of those Suspended stocks had their stock registrations revoked.

Shareholders should contact the company and pressure the Mgmt to file their delinquent Financials because ALL shareholders would be wiped out IF the SEC suspends the stock.

CDBH is on the list of delinquent filers:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110680509

[temp luvs amy]

If I see any action in this stock, the first thing I check is the filings.

Nothing new. I guess I should check the Nevada SOS, ticker changes, and suspensions, too.

[temp luvs amy]

It has to trade over 100 shares to show on last sale.

I am tempted to buy 100 to mark the tape.

[DesertRat1]

Odd, the ask is 4.75, and yet 35 shares traded today at $6.00. MM games I guess.

[temp luvs amy]

It's not quite a year since that late 10-K, but no updates since.

I am still surprised that they spent so much money for a shell, and did nothing.

It's only about a hundred to keep it current in Nevada. The financials should be child's play. No expenses. No revenues. No activity.

[DesertRat1]

Looks like the Nevada business license is about to expire. Weird how they got the license transferred over to the new "team", and then it's been nothing for a year or more.

http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=OdNv1UJOpnPjO7j24XQ9Tg%253d%253d&nt7=0

[temp luvs amy]

I sure wish these guys would get something going.

Chinese markets are supposed to be good this year.

[temp luvs amy]

Or somebody died, and the trust was liquidated.

It might sound morbid, but it's a fact of life.

Everybody dies.

[DesertRat1]

Yes, maybe someone just cleared out their holdings. Odd, but interesting.

[temp luvs amy]

Either somebody finally threw in the towel, or the MM tried to print an annual mark on the tape.

It wasn't me. I needed the extra buying power in my account because a $6 share is more marginable than a $1 share.

[DesertRat1]

There were 33 shares traded here so far today. Was that you? It's Alive!!!

[temp luvs amy]

I've not had any luck with transfer agents, and the question is currently not so serious for me to pursue jumping through their hoops. It is something to consider. Better than guessing if you can get a response.

Your guesses are probably good, but they should have reported any such transfer. The paperwork is a mess. No transfer was noted, and they announced first that Chin had complete control, and then reversed a year later.

[DesertRat1]

When he bought the company he likely bought restricted shares. If he remained with the company those shares are likely still restricted. The SOS does require all directors and key officers to be listed annually. My guess is he's out since he is not on the currently list. He may have sold his restricted stock to the new owners (all or part). That could probably be determined by calling the company's transfer agent and asking about share counts (float/OS/etc.) and comparing that to the last filing(s). That is...they even have an active transfer agent any more.

[temp luvs amy]

He might not be a director, isn't an officer, and his shares are free-trading.

Lot's of wiggle room in there for a third party financing agreement.

SOS doesn't report names of directors or major shareholders, only officers.

I have no idea why the SEC doesn't follow up on Form 4, and 13g requirements for major shareholders.

I do believe there is a 10 million market cap loophole for non-filing. The company has no such assets.

[DesertRat1]

According to the Nevada SOS he is no longer with the company, so I doubt it.

[temp luvs amy]

I'm still hoping Mr. Chin will spend some of his new millions over here, and clean up the mess.

Fat chance?

[temp luvs amy]

That sucks. He appears to be quite wealthy now, and this thing could use a shot in the arm

[temp luvs amy]

While "honor by association" is also a logical fallacy, I do believe some work could be done to restore the honor of persons who ever associated with the company.

[temp luvs amy]

According to the paperwork, if I remember it right...

Meuse gets 10% of the shares when they complete a merger agreement.

Or was it 5%?

[temp luvs amy]

Yeah, I know, but that's the first time I ever saw anybody get barred specifically from penny stocks. I would assume that he can still do deals with Blue Chips, etc.

[DesertRat1]

Not if you go by the bid price. Haha. Meuse has no connection to this anyway. People get barred from public business all the time, either by the SEC or FINRA.

[temp luvs amy]

I never heard of that before.


The Law defines a penny stock as a stock that sells for less than $5 a share.

As long as CDBH stays above $5, he's ok here, as I see it.

[DesertRat1]

This was put out by the SEC on 1/15/2014. Meuse sold the shell to Chin and company as you may recall. Not quite sure if this puts Meuse of business for good or for 5 years:

SEC Obtains Settlements in Penny Stock “Shell Packaging” Case
FOR IMMEDIATE RELEASE

2014-10 Washington D.C., Jan. 15, 2014 — The Securities and Exchange Commission today announced nearly $300,000 in settlements against a Virginia-based “shell packaging” company and its CEO who were charged with facilitating a penny stock scheme as well as a Bronx, N.Y.-based stock promoter who received proceeds from the fraud.

Virginia-based Belmont Partners LLC and its CEO Joseph Meuse are in the business of identifying and selling public shell companies for use in reverse mergers. In an enforcement action in late 2011, the SEC alleged that Meuse and his firm aided and abetted a New York-based company that fraudulently issued and sold unregistered shares of its common stock. The SEC separately named Thomas Russo as a relief defendant in the case for the purposes of recovering ill-gotten gains in his possession as a result of his business partner’s participation in the scheme. According to the SEC’s complaint, Russo co-owned a stock promotion service called TheStockProphet.com.

In a final judgment ordered late yesterday by the Honorable Shira A. Scheindlin of the U.S. District Court for the Southern District of New York, Belmont Partners and Meuse agreed to pay $224,500. Meuse additionally has agreed to be barred from the penny stock business or from serving as an officer or director of a public company for at least five years. In a separate judgment entered last week, Russo agreed to pay $70,075.

“The SEC will continue to pursue and punish gatekeepers whose misconduct enables penny stock frauds to occur,” said Sanjay Wadhwa, senior associate director for enforcement in the SEC’s New York Regional Office. “Meuse and his firm not only sold the shell company but they fabricated the documents necessary to dupe the transfer agent into issuing shares that should never have been sold to the public. Russo received proceeds from the subsequent sale of the illicit stock.”

Belmont Partners and Meuse agreed to be permanently enjoined from violating Section 5 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. They neither admitted nor denied the SEC’s allegations.

The SEC previously entered into a bifurcated settlement with the Long Island-based issuer at the center of the scheme – Alternative Green Technologies (AGTI) – as well as its CEO Mitchell Segal, who agreed to be barred from the penny stock business or from serving as a corporate officer or director for at least five years. Financial penalties against Segal will be determined at a later date.

The SEC’s investigation was conducted by Steven G. Rawlings and Megan R. Genet, and the litigation has been led by Todd Brody and Ms. Genet. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.

[temp luvs amy]

Maybe he is so busy getting ready for Sochi and doesn't have time for flies?

[temp luvs amy]

You would think so, but he could be the person who likes to read gossip rags, and just wrote the names on the papers.

Those chinese guys got my radar working. Bernie Madoff won;t be the last guy to try a Ponzi scheme, and Ponzi probably wasn't the first.

[DesertRat1]

Interesting. However, if you're talking about the recent Nevada SOS update, I mentioned before, Chin is no longer with CDBH in any capacity.

[temp luvs amy]

I am starting to wonder whether Chin just pulls names out of celebrity gossip pages and names them as directors.


I found some pages that suggests Liang Lifang is a movie actress, and Zhang Li is an actor.

Of course, I used google translate to generate the characters, and then found multiple pages with similar names.

When I put all of the characters together, I couldn't find any serious business between them.

[rocketeer357]

Better luck winning the gold in Brazil....

[temp luvs amy]

Wouldn't it be nice to see him turn a 10 cent bid into $100?

[DesertRat1]

That's a great story.

[temp luvs amy]

Turns out the coach was Meng Qingyu. They even made a movie about him. He took a bunch of street urchins, and turned them into Olympic Champions.

[temp luvs amy]

The American Press shows HER name as Wang, but the Chinese web searches gave HER name as Qingyu.

Very difficult translations. Perhaps a family member, who is also into training speed skaters to carry on the legacy?

http://en.wikipedia.org/wiki/Wang_Meng_(speed_skater)

I didn't do the wiki research until just now. He is a she?

[temp luvs amy]

I would hate to think he melted down his Gold Medal for this POS.

[DesertRat1]

haha. At this point the speed skater would be the best for us.

[temp luvs amy]

I did a search for Meng Qingyu.

It's a relatively common name. Doctors, Lawyers, Scientists, Taxi Drivers, and maybe even an Olympic Speed skater.

Maybe not the Secretary of Construction, after all.

[temp luvs amy]

Jester put up a link to a page that shows another Meng.

I am not sure that there is a familial relationship, but our Meng is associated with the construction of various projects. He is a secretary of the building Dept, or something. Maybe they have a different translation? Maybe he is not associated with government?

Maybe he's just a lowly pencil pusher, but he has a patent on the housefly thing. I get the feeling he was involved in the construction of greenhouses and office buildings, and somebody related to him was in finance.

[temp luvs amy]

They seem to have quite a racket.

My horror stories aren't nearly as dramatic, but I sure know those guys have a good thing, for themselves.

We gotta work.

[DesertRat1]

No, if was a fatfinger, or legitimate "mistake" I would have understood. I don't want to take advantage of anyone. It was dubbed a mistake by the SEC...but the MM involved was acting on the "I know what I'm doing" attitude. Multiple people had called to ask, "Is this correct? Are you sure?"...and the answer was, "Of course it is. You don't know what you're talking about by even asking such a question". Two day's later the when a forward split came through of course he must have sh+t bricks. Both the MM, the company, and brokers were wrong...and the traders let them know beforehand. FINRA even backed the MM by saying, "Well, our rules ARE a little confusing".

[temp luvs amy]

Boy, that must have been one big "fatfinger"

I was actually thinking of selling some CDBH at $11.00, because CDBK sells for $11.82, and I would catch a limit order, or a market order that was typed incorrectly.

[DesertRat1]

I have no problem with your greivances. I have my own. I got introduced to the mess when I traded a stock years ago that I should have made $50,000 on but FINA and SEC worked together to "roll back" trades that occured on a particular day because the market maker "made a mistake". My trade was rolled back, and my profit was taken out of my brokerage account. Poof. I knew a guy that had a different broker, and they were slow to react on that same trade, and he made/pocketed $500K on that same trade. He got to keep the money. I was happy for him, pissed for me.

When a trader makes a mistake they never roll back anything.