China Organic Agriculture, Inc. fka CNOA

[ImOnABoat]

Unless it had been taken down because the web hosting bill has not been paid :)

[Maxactionjunkie]

Atleast the web site being taken down shows some kind of life! Anything at this point is better than nothing

[maddog7]

Vianale & Vianale LLP Files Class Action On Behalf of Investors of China Organic Agriculture, Inc.
BOCA RATON, FL (December 18, 2008) – The law firm of Vianale & Vianale LLP announces that it filed a class action lawsuit on December 12, 2008 on behalf of purchasers of the common stock of China Organic Agriculture, Inc. (OTCBB: “CNOA”) during the period July 12, 2007 through August 14, 2008 (the “Class Period”). A copy of the complaint can be obtained by calling our offices or by e-mailing us at either of the e-mail addresses listed below. The action (Case No. 08-CV-10810) is pending in Manhattan federal court.
The complaint alleges that the Company made false and misleading statements during the Class Period about its organic rice business even though China Organic’s business model was not likely to turn any profit. The defendants sold tens of millions of dollars worth of the Company’s stock prior to announcing that the Company would sell its organic rice operation. Within eighteen months of taking the Company public, defendants sold the Company’s only significant business operation, leaving shareholders with virtually worthless stock.
If you bought common stock from July 12, 2007 to August 14, 2008, no later than February 10, 2009, you may move the court to appoint you as lead plaintiff, a representative party that acts on behalf of other class members. The court must determine whether the class member’s claim is typical of other members’ claims, and whether the class member will adequately represent the class. Your ability to recover is not, however, affected by the decision whether or not to serve as a lead plaintiff. Vianale & Vianale LLP is active in major litigations pending in federal and state courts.
If you wish to discuss this action with us, or have any questions concerning our lawsuit, this notice, or your rights and interests with regard to this case, please contact:
Kenneth J. Vianale
Ismael Aviles
Vianale & Vianale LLP
2499 Glades Road, Suite 112
Boca Raton, FL 33431
888- 657-9960 (Toll Free)
(561-392-4750)
Email: [e-mail]
Email: [e-mail]
Tags: China Organic Agriculture, Inc.

[maddog7]

http://web.archive.org/web/20100926115838/http://www.chinaorganicagriculture.com/CProfile.asp?


wEB SITE CAN BE FOUND ON THE INTERNET WAY BACK MACHINE. THIS WAY THE SEC STILL HAS EVIDENCE. THE ABOVE LINK SHOULD WORK.

[maddog7]

INVESTOR ALERT-CAN ANYONE CONTACT THESE PEOPLE? WHERE ARE YOU MR. GUO AND MR. XU. COME TO THE PHONE AND TALKE TO US SHAREHOLDERS!

Name Description
Andy Guo Mr. Andy Guo has been appointed as Chairman of the Board, Chief Executive Officer of China Organic Agriculture, Inc. He has experience in establishing and managing Chinese farming corporations including China listed companies, and in ecological farm management. From May 2009 to March 2011, Mr. Guo served as Director and General Manager of Investment Department of Beijing Bainixin Investment Consulting, Inc. From January 2008 to May 2009, Mr. Guo was General Manager and General Planting Director of Zhengbang Agriculture of the Zhengbang Group (a China listed company). From January 2006 to January 2008, Mr. Guo served as Assistant President of Guangdong Yixin Group, under the Village Development Center of China Agriculture Ministry. From August 2002 to January 2006, Mr. Guo was invited by his academic supervisor Prof. Long-ping Yuan, the “father of hybrid rice”, and appointed as the general manager of Hainan Dongfang Agriculture Science &Technology Garden, which is affiliated to Longping High-tech Corporation, a China listed company. From 1998 to 2002, Mr. Guo worked independently in the north of China on agricultural investment projects for Hunan Jinjian Rice Company (a China listed company) and established Jinjian Heilongjiang Northern Modern Agriculture Company. From July 1993 to September 1995, Mr. Guo was the Deputy General Manager of Hunan Agriculture University High-tech Corporation. From 1988 to 1993, Mr. Guo was assigned to work on Yueyang Jianxin Farm in the field of agricultural science research and seeds promotion, as technician, production team leader and general manager. Mr. Guo received his Bachelor and Master of Agronomy degrees in Agronomy from Hunan Agricultural University, and in his PhD programs for about 6 months before joined Jinjian.

Steven Xu Mr. Steven Xu has been appointed as Chief Financial Officer, Director of China Organic Agriculture, Inc. He has working and management experience in investment companies. From January 2008 to March 2011, he served as Chief Financial Officer of Beijing Xingyaomingzhu Investment Management, Inc. Mr. Xu is familiar with US GAAP and has experience in training and guiding an audit staff about the differences in accounting principles. Mr. Xu holds professional certificates of Certified Internal Auditor (CIA) and Certified Management Accountant (CMA). Mr. Xu holds a Master of Accounting degree from Saint Louis University, USA; and a Bachelor degree of Business Administration from Tianjin University of Finance & Economics, China.
Guangwu Zhang Mr. Guangwu Zhang is Independent Director of China Organic Agriculture Inc. Mr. Zhang currently holds the position of Professor of Agriculture at Shandong Agricultural University. As author of over 100 academic papers, he currently holds several national appointments including Vice Committee Chairman of Cultivation Research Committee of The Crop Science Society of China as well as evaluator of the National Natural Science Foundation of China.
Basic CompensationName Fiscal Year Total
Andy Guo --
Steven Xu --
Guangwu Zhang --
As Of Options CompensationName Options Value
Andy Guo 0 0
Steven Xu 0 0
Guangwu Zhang 0 0
Insider Trading
Name Shares Traded Price
XU XIRONG 5,800,000 $0.65
RICE DON K 40,000 $0.05
RICE DON K 55,750 $0.05
» Full list on Insider Trading ALERT-BE ON THE LOOKOUT

[Nostradamus2012]

Thank you calbear, we must be patient on this one......

[Maxactionjunkie]

The web-site could be down due to changing over to the other domain names. It seemed that Jennifer had a few different extensions in her email address

[Maxactionjunkie]

I talked to the auditing firm again and the gal I talked to was really nice. She couldn't answer many questions but she did confirm that they are still working for CNOA and that they do make trips quite frequently over to China for several companies. It did sound like they are just still waiting for documents from CNOA

[Piecemaker]

thank you, Calbear! Your efforts are greatly appreciated. Please provide every little detail you can because everything is a clue. Even the lower level employees offer insight into their situation which you indicate is "good". Which means they are getting paid, I assume, which means the company is making some money. All good stuff. The more friendly chats you can have with these folks the more insight you will garner. Keep up the good work.

thanks again!

[timehub]

Thanks a ton. If you get another chance can you ask some of the DD type questions (i.e. what businesses is the company currently in? how many employees? where? where can i find them online? where can i find pictures?)

Thanks a lot for this!

[ImOnABoat]

As I was saying earlier, it's not that the company does not exist, I am almost 100% sure it does. It's why they gave up on the shareholder value that matters. It would be surprising if you could reach someone who could actually answer this question. Thanks for your efforts!

[calbear]

I was able to get through to the Company about a half hour ago. The number was a main line that went to a lower level employee. They confirmed that it was China Organic Agriculture and that there is nothing wrong with the overall operations and business has been going well. Overall, he did not have answers to more specific questions and was not informed, but he did provide the direct line to the board member, who I will call tomorrow.

I'll hope to have something more helpful for everyone then.

[maddog7]

Sent to current CPA firm

Mr. Zhao:
Please pass this along to Mr. Guo or any other contact at China Organic Agriculture, Inc. Thank you for your cooperation

Mr. Guo:
In the absence of any other evidence, I am planning on contacting this law firm to see if they want to have another class action lawsuit on behalf of us shareholders who have lost most of our investment. You no longer have investor relations and no longer have a web site. I take this very seriously. You have not communicated with the shareholders. You no longer have financial statements. I also plan on contacting the Chinese authorities.

[maddog7]

Message to Mr. Guo:
There was once a class action on behalf of investors and I am going to contact this company in the near future.



Vianale & Vianale LLP Files Class Action On Behalf of Investors of China Organic Agriculture, Inc.

BOCA RATON, FL (December 18, 2008) – The law firm of Vianale & Vianale LLP announces that it filed a class action lawsuit on December 12, 2008 on behalf of purchasers of the common stock of China Organic Agriculture, Inc. (OTCBB: “CNOA”) during the period July 12, 2007 through August 14, 2008 (the “Class Period”). A copy of the complaint can be obtained by calling our offices or by e-mailing us at either of the e-mail addresses listed below. The action (Case No. 08-CV-10810) is pending in Manhattan federal court.

The complaint alleges that the Company made false and misleading statements during the Class Period about its organic rice business even though China Organic’s business model was not likely to turn any profit. The defendants sold tens of millions of dollars worth of the Company’s stock prior to announcing that the Company would sell its organic rice operation. Within eighteen months of taking the Company public, defendants sold the Company’s only significant business operation, leaving shareholders with virtually worthless stock.

If you bought common stock from July 12, 2007 to August 14, 2008, no later than February 10, 2009, you may move the court to appoint you as lead plaintiff, a representative party that acts on behalf of other class members. The court must determine whether the class member’s claim is typical of other members’ claims, and whether the class member will adequately represent the class. Your ability to recover is not, however, affected by the decision whether or not to serve as a lead plaintiff. Vianale & Vianale LLP is active in major litigations pending in federal and state courts.

If you wish to discuss this action with us, or have any questions concerning our lawsuit, this notice, or your rights and interests with regard to this case, please contact:

Kenneth J. Vianale
Ismael Aviles

Vianale & Vianale LLP
2499 Glades Road, Suite 112
Boca Raton, FL 33431
888- 657-9960 (Toll Free)
(561-392-4750)

Email: [e-mail]
Email: [e-mail]



Tags: China Organic Agriculture, Inc.

[calbear]

I'm calling over tonight

[timehub]

Anything yet Calbear?

[Maxactionjunkie]

Hopefully this means they are going to be updating it with some new information. You never know we still have a slim chance of getting lucky on this one! Or of course it could mean what you think but completely doubt they would choose to just disappear that way.

[maddog7]

I bet the web site disappearing is part of the restructuring. Now you see it and now you don't.

[ImOnABoat]

It looks like the site is down.

[timehub]

Also ask for a press release or any signs of life...

[maddog7]

*** 8641182559856 ***

Ask for Andy Guo and ask the following:

1)Auditors say that cannot complete the audit until the company contacts them. When will they do that.
2)Request information about restrucutring?
3)Tell him that the sharesholders are up that their investment is almost worthless. What will he do about it?
4)When will they hire a replacement for investor relations?

[calbear]

My girlfriend is fluent in Mandarin. Feel free to email me the number @ [e-mail]. I also have some friends who can speak Cantonese if it comes down to that. Thanks.

[Maxactionjunkie]

Somebody did answer though? That is good to hear

[maddog7]

Did Jennifer get fired for having loose lips?
I tried calling our company tonight and nobody speaks english.

[maddog7]

We have a mexican standoff. Perhaps CNOA can have financials for future periods and forget about the prior years and those subsidiaries that will not cooperate.

[timehub]

Nice work.

My offer still stands.

I have multiple phone numbers of allegedly related people but don't speak Chinese. Will hand over to any Chinese speaker that wants to look into it.

[timehub]

Think you're confused. I don't think this post is about CNOA. The link is to another company's filings bro...

[Piecemaker]

That 8k reference doesn't jive with the filings for CNOA.

But I did a little snooping and found a phone number which had an answering machine on it....for CNOA, I believe it's the Calistoga property landline.

I left a nice, easy going message and am hoping someone returns my call. We'll see.

[Maxactionjunkie]

This was posted on the yahoo boards. Who is this Jason Wong and do you think this is an actual email or made up? It would be nice to see that they have somebody to contact again if this is real.



"Thanks for your continuous support to the company and much appreciated for your patience.

Due to the disclosure policy, the management are not recommended to have private discussion about the current situation other than 8K. According to our recent 8K filing, you can notice that our previous investigation legal counsel resigned due to the special committee members resigned. As the investigation was not completed yet, we invited high calibrate candidates to join us as independent director in July 12, the new special committee formed at the same time. The new special committee appointed Nixon Peabody as the new investigation legal counsel, Navigant was eventually engaged as forensic auditor. The investigation was started on August 26, the investigation result will go directly to the special committee and the company will have the remedial action plan if it is appropriated.

According to the action plan, the investigation will take 3-4 months. During the investigation period, the management was asked to remain silence to prevent any misleading disclosure issues. The 8K will be the channel for the company to communicate with our shareholders, please visit http://sec.gov/cgi-bin/browse-edgar?comp... or http://www.nivsgroup.com/english/ir/SEC.... for any 8K update.

Again, we are much appreciated for your investment to the company and your concerns are carefully read. Please feel free to call me if you would like to have a call for any further detail of the above events.

Thanks and regards,

Jason WONG"

[timehub]

It's been an entire year since they filed. No releases, nothing since then. Option 2 is highly likely, but I think 3 cents is a fair price given the potential value of assets.

So, how about that Jenn, huh?

[ImOnABoat]

If the opportunity is there, why does no one close to the deal see it?

Where in my post did you see "opportunity is there?" It's more like "possibility is there." They can be working on solutions/restructuring right now, and later start filing and talking, OR they could have just walked away from the stock at this point. I don't know which one it is. A coin toss is not an opportunity.

why wouldn't people in China buy shares?

And how would you know if someone was or was not buying shares? All the shares sold in the past 4 months had to be bought by someone, maybe it WAS someone close to the deal accumulating on the way down - we don't know that, and never will.

[silberesel]

http://china.fixyou.co.uk/2011/01/another-auditor-blow-up-digging-through.html

[silberesel]

the problem of CNOA (and of the shareholders) is the relationship to CHFI (now www.chinausholding.com).....same with JADA, BFAR, HSYT........all SCAM???? Why CHFI still exists????

www.chinausholding.com

Rockefeller Center Rockefeller Plaza,
New York New York, 10111

....&%§$%%&%$$ these chinese criminals....

[Ellington]

ITMD:

You've seen comebacks from this level. But if the assets are there and are in some sense being protected for shareholder benefit, why wouldn't people in China buy shares?

If the opportunity is there, why does no one close to the deal see it?

[chinariskreward]

I asked jennifer once was the issue the past management dishonest or incompetent. She said it was incompetence. She affirmed that the newer CEO was trying to restructure. The whole thing is rather a mystery. I would rather hold the shares I have and loose the remaining value than sell for 2 cents and then one day they come out with something and the stock runs. That would be moe demoralizing than it already is.

[ImOnABoat]

The problem with CNOA does not seem to lie in non-existence of their assets, but rather in their disregard for the shareholders. There is plenty of evidence that Changbai Eco-Beverage exists, and that Bellisimo vineyard exists, and we know that the company owns both. Having the proof of the two assets, I do not have any explicit reasons to doubt the existence of the remaining ones either. Yet the management let their paperwork problems get way out of hand. It is obvious that they cannot provide the proof of something somewhere to release their filings. What is unknown is whether they are even trying at this point.

If CNOA had some inconsistencies in their filings, there could be only two solutions. One is to correct the filings, recognize revenue inflation, the lack of promised cash, unpaid receivables, whatever the case might be, and then file the corrected paperwork. The second way could be to say "screw that" and just forget about the ticker all together, hoping that no potential action against them will jeopardize the actual assets, which they very well might get away with considering the current legal environment around PinkSheets stocks and the company's national origin.

Which way did they take? I don't know. Number one is still not out of the question, it has not been THAT long since the company had pulse. I've seen longer silence periods, and subsequent fantastic comebacks. Number two, in turn, might also be long underway, and we are just sitting here, hoping for the best, while nothing is even in the works.

Time will tell. Selling right now does not make much sense. For me, personally, taking 10% back or losing them does not make any difference, might as well wait.

You win some, you lose some. This is part of the game. Fortunately, 2011 has been very kind to me so far, despite completely unrealized CNOA expectations.

[chinariskreward]

Has anyone been able to confirm the Bluberry company? That seems to exist.

[maddog7]

[e-mail]

Email for the Chinese Embassy in Washington. Let them know how you feel about no communication from the company.

[diegomaradona]

People, I read your posts now and then in case there are plans on taking legal actions or something. I lost $50.000 dollars on this. I'm not anxious or worried anymore as I've been able to deal with my huge loss and feel I've learned something important here. I'm keeping my shares as a reminder of how careful one has to be in the stock market. If you plan to take legal actions, please let me know at [e-mail]. I have no intention of spending any more time on this but I will adhere if you choose to take actions. I hold about 80,000 shares. Please, don't say "You haven't lost if you didn't sell" or any of that stuff. Thanks!

[Digra Ive]

Madd7 - Lovely set of 6 consistent posts

[maddog7]

ENFORCEMENT TIPS, COMPLAINTS AND OTHER INFORMATION

Tips and other information from the public are important sources for the PCAOB. You can use this Web site to report suspicious or criminal activity of registered public accounting firms or people associated with them. The PCAOB enforcement staff will review your information promptly.

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Please contact us with information on any matter relating to PCAOB oversight, our regulatory responsibilities under the Sarbanes-Oxley Act of 2002, and the public accounting firms that we oversee.

For example, you may:

File a complaint or provide a tip on potential violations of law or PCAOB rules by a registered public accounting firm or people associated with the firm;
Provide information that may be relevant to a PCAOB inspection of a public accounting firm or people associated with the firm;
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Federal law prohibits the PCAOB and its staff from disclosing information about the Board’s

[maddog7]

Gentlemen:
I am an investor who has lost considerable money investing in China Organic Agricultural. (CNOA). Your opinion was relied upon by me and others.
It is my understanding that Acquavella, Chiarelli, Shuster, Berkower & Co., LLP is a member of the Center for Public Company Audit Firms of the American Institute of Certified Public Accountants and is registered with the Public Companies Accounting Oversight Board. You keep abreast of the latest technical innovations and regulations in accounting and reporting requirements. You understand the importance of efficiency, communication and accessibility.

How did you give an unqualified opinion to CNOA when they cannot concluded a certified audit now? How did you comply with the PCAOB board? Did you complete the necessary audit verification. I await your answer before as a CPA I take further action.

[maddog7]

http://acsbco.com/index.html


I would like to know how this CPA firm gave an unqualified opinion. This is a good place to start as far as a fraud investigation.

[maddog7]

Earlier this year China Organic Agriculture (CNOA.OB) borrowed money from one of its shareholders, Xirong Xu, to the tune of $6.2 million to buy Bellisimo Vineyard in northern California. I have previously looked into the financials of this business and I'm sure no one would dispute that this is a terrible diversification for CNOA. Bellisimo derives no income from wine sales (for Q2 2008 it returned revenue of just $22,800, all from rental income). In my opinion, this transaction amounted to nothing more than the securing of a vacation home for the company insiders.

[maddog7]

US connection in California


First Capital Limited has a location in Los Angeles, CA. Active officers include Xirong Xu.




Filings:

Articles of Incorporation (CA - Inactive)



State of Record:

CA



State Reference ID:

02526419



Registered Agent:

Xirong Xu



File Date:

Friday, October 10, 2003



Active:

False



Filing Type:

Articles of Incorporation






Source:

California Secretary of State last refreshed Wednesday, March 30, 2011






Company Reports from Dun & Bradstreet

[maddog7]

http://www.fixyou.co.uk/tracker_srm.php?s=CNOA.PK



This is a good post to show us what the warning signs were on this company.

[ImOnABoat]

I have no idea what Saint Rice is. I don't check any Yahoo boards anymore, it is a sad place. And yes, I am still around.

[Maxactionjunkie]

ITMD have you seen or heard anything about this Saint Rice. Somebody posted something on yahoo board and looks like nobody on here has found anything that backs the sales or shows it even exists. Plus I wanted to see if your still around? I know there isnt much to take about but just checking

[maddog7]

It would be nice to get current info on this beverage company. This is why we will continue to trade.


A CONTROLLING share in a specialist Chinese
producer of blueberry soft drinks,
health care products and honey-mixed products
has been purchased by China Organic
Agriculture in a show of confidence for blueberries’
high potential demand.
Changbai Eco-Beverage Co is relatively
new, having been formed only in May 2008,
but in calendar 2009 experienced very good
sales, with strong pointers to further growth.
China Organic Agriculture, an agricultural
products trader and distributor based in
Liaoning province, plans to use its national
distribution network to boost sales of
Changbai products.
“We believe that the opportunities in the
blueberry industry are enormous as blueberry-
based products will become increasingly
in demand in China, with the growing
interest in healthy food alternatives,” said Li
Jinsong, Chief Executive of China Organic
Agriculture. “Changbai is well positioned to
serve this market and to benefit from this
growth. China Organic Agriculture’s distribution
network and broader-based relationships
will enable Changbai to expand its
business and more quickly penetrate this
growing market.

[timehub]

They had all of those payables, liens on the property, liabilities from the lawsuit... ow a lot of people money. If the cash is not there, good chanced company is worth less than 0.