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.
$CDNN: Ya... i see vol pouring in here too
Now at $0.03...... a lil late to the game, but this has been
beaten down way too long.
GO $CDNN
In .02 strong eod action and a block went off higher + 500k bid support showed up near close at 013 looking for gap/breakout over 04 then savage psych break at 05 if works
CDNN
I took a few. Not sure what's coming. Reinstatement maybe? Last filings were in 2014. They did a 15-12G back then.
I love you more beautiful than anything else as your stock is quoted in dollars even though I love the Chinese yuan more. You are so beautiful to me china. Golden. Making friends. Not enemies. Trade to shine not to Alienate. Glad.now to be a holder of 10 thousand shares. I love you. May your company shine a light so bright on what otherwise is the steel Curtin surrounding America's world
How can you be independent when you are a relative (if they are related)?
Plenty of companies have filed a 15-12g and still trade.
What happened here is someone promoted the stock, and the stock went up with lots of volume.
The company was contacted and reiterated that they had filed the 15-12g.
I read some of the filings here and it just seems odd.
IE, one of biggest holders is: Fakei Investment Ltd. (FAKE ?)
And then there is a filing which states that someone is entitled to buy 1,259,530 shares at a price of $0.0001 per 100 shares.
Also interesting that the company has a lot of people with the last name of Liu and one of the counsels in yesterdays NR also has the same last name.
the way i see it is they are taking required actions to terminate registration of its common stock......or in other words the ticker will be delisted at a certain time and will no longer trade, if you are a shareholder at that time you can lose your investment.
http://ih.advfn.com/p.php?pid=nmona&article=62369720&symbol=CDNN
http://ih.advfn.com/p.php?pid=nmona&article=61714329
http://www.investopedia.com/ask/answers/04/040804.asp
http://online.wsj.com/news/articles/SB10001424052702304703804579382411311049966
Ok ... What did that mean for someone invested!
What does that mean for investors
What does an issuer need to file to terminate its
reporting obligation arising because the issuer has a
class of securities registered under Section 12(g)?
An issuer seeking to terminate its registration under
Section 12(g) must file a Form 15. Form 15 provides a
certification and notice of termination of registration
under Rule 12(g), which becomes effective 90 days after
the Form 15 is filed.
An issuer that has a class of equity securities
registered under Section 12(g) may terminate that
registration pursuant to Section 12(g)(4) if: (i) the
number of record holders of that class falls below 300; or
(ii) the number of record holders of that class falls below
500 and the issuer’s assets have been no more than $10
million at the end of each of its last three fiscal years.
For issuers that are banks or bank holding companies,
Title VI of the Jumpstart Our Business Startups Act recently
increased the 300 persons held-of-record test in Section 12(g)
(4)to 1,200 persons.If an issuer files a Form 15 to terminate registration under Section 12(g), it does not have to file any current or periodic reports that are due on or after the date the
Form 15 is filed. Until the termination of the Section 12(g)
registration is effective 90 days after the Form 15 is
filed (or such shorter period as the SEC may determine),
any other obligations, such as those under the proxy
rules, Section 16(b), and certain beneficial ownership
reporting requirements, will continue to apply. Once
the termination of the Section 12(g)registration is effective 90 days after the Form 15 is filed, all reporting
obligations arising from the Section 12(g) registration
are terminated. This deregistration process is designed
to operate by the passage of time, with a “safety valve”
allowing the SEC to intervene in limited circumstances, if necessary. The SEC does not usually provide for any
shorter period of time for deregistration under Section
12(g)
http://media.mofo.com/files/Uploads/Images/FAQ-Suspending-Reporting-Obligations.pdf
http://www.sec.gov/divisions/corpfin/guidance/exchangeactrules-interps.htm
What does that mean?
China Industrial Steel Seeks to Suspend Its 1934 Act Reporting Obligations
http://finance.yahoo.com/news/china-industrial-steel-seeks-suspend-000000050.html
Xtremepicks: CDNN (China Industrial Steel) - On XTREME short Squeeze Alert!
http://stockreads.com/Stock-Newsletter.aspx?id=77851
CEO just resigned & 15-12G just released Today, Possible R/M imo
http://ih.advfn.com/p.php?pid=nmona&article=61714337
http://ih.advfn.com/p.php?pid=nmona&article=61714329
Chief Financial Officer of China Industrial Steel Inc. (the “Company”), Delong Zhou, and the US based director of the Company, Frank Pena presented an overview of the Company at DealFlow Media's Conference at The New York Marriott Marquis, on Tuesday, December 18, 2012 at 10:50 am local time. A copy of the presentation is attached hereto as Exhibit 99.1.
http://www.sec.gov/Archives/edgar/data/1510871/000118518512002807/ex99-1.htm
is this a scam company or is it going up
China Industrial Steel, Inc. Reports Third -2-
parties 257,757 165,787 772,282 1,048,696 Total Selling and General and Administrative Expenses 1,856,540 745,151 4,003,002 2,989,116 ----------- ----------- ----------- ------------ Income From Operations 4,820,932 (3,122,899) 11,155,744 7,914,119 ----------- ----------- ----------- ------------ Other Income (Expenses) Interest and other income 55,592 137,276 109,265 191,885 Interest expense (847,765) (584,983) (3,334,508) (2,451,068) Interest expense - related parties (172,575) (177,674) (514,205) (1,464,263) Total Other Income (Expenses) (964,748) (625,381) (3,739,448) (3,723,446) ----------- ----------- ----------- ------------ Income from operation before income tax 3,856,184 (3,748,280) 7,416,296 4,190,673 Provision for income tax 1,092,562 - 2,230,355 1,384,392 Net Income 2,763,622 (3,748,280) 5,185,941 2,806,281 ----------- ----------- ----------- ------------ Earnings Per Share - Basic and Diluted $ 0.04 $ (0.05) $ 0.07 $ 0.04 Weighted Average Shares Outstanding - Basic and Diluted 73,620,391 73,620,391 73,620,391 73,585,924 Other Comprehensive Income: Foreign currency translation gain 570,656 2,042,302 3,560,960 243,850 Comprehensive Income $ 3,334,278 $(1,705,978) $ 8,746,901 $ 3,050,131 =========== =========== =========== ============ About China Industrial Steel, Inc. China Industrial Steel, Inc., ("CIS" or the "Company") through its wholly owned subsidiary, Handan Hongri Metallurgy Co., Ltd., produces and sells steel plate and steel bar for domestic and export customers. The Company currently operates three production lines from its headquarters on approximately 1,000 acres in Handan City in the Hebei Province, China, where steel production is a significant component of the regional economy. Forward-looking statements: The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based. China Industrial Steel, Inc. www.chinaindustrialsteel.com For more information, please contact: Delong Zhou Chief Financial Officer Phone +1-917-825-2997 SOURCE China Industrial Steel, Inc. /Web site: http://www.chinaindustrialsteel.com (END) Dow Jones Newswires November 15, 2013 11:57 ET (16:57 GMT)
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
20
|
Created
|
11/15/13
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |