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Knock knock.
Anyone still alive here, or has CNOA shelled you too?
is it too late to contact them? how is the process going so far?
Good luck.You can need it.Bought this one for 1,25
And that was a while ago.And by that time not a pinky.
Auditors lost as usual.LOL.History repeats itself
Contact the following person:
Gregory M. Egleston, Esq.
Egleston Law Firm
440 Park Avenue South, 5th Floor
New York, New York 10016
212.683.3400 Phone
212.683.3402 Fax
www.gme-law.com
This time we are also going after a CPA firm in the USA.
ask them aboout the first cl action a few years back settled in investors favor----not a cent paid out--------------this one seems like a big waste of time--tmonkey
Hello maddog7,
I'm investing for years in CNOA. Since I live in Germany, it is difficult here to get information, my english is not good enough.
You want to complain? What must I do to complain? I've already responded to a news agency and the attorney informed my purchases of shares, the report unfortunately no longer ...... Maybe you can help me? I have since bought one shares CNOA 70CT cost! I have lost a large sum !.... I hope for a response from you.
Thank you
Tyko
I am the investor that is involved in the class action. The Egleston law firm represents me and was the first one involved and hired the forensic accountant. If you have a signifiant loss, please contact by this Friday since there is an important deadline. The lawsuit includes an accounting firm as well. I am very impressed with this firm.
See below.
NEW YORK, Nov. 29, 2011 (GLOBE NEWSWIRE) -- The Egleston Law Firm and Rigrodsky & Long, P.A. today announced that a class action has been commenced on behalf of an investor in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of China Organic Agriculture, Inc. ("China Organic" or the "Company") (OTC: CNOA.PK) between November 12, 2008 through March 24, 2010, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Gregory M. Egleston of the Egleston Law Firm at (212) 683-3400 , or via e-mail at egleston@gme-law.com or Timothy J. MacFall at (516) 683-3516 , or via e-mail at tjm@rigrodskylong.com. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Study Shows Class Action Lawsuits Discourage Financial Misconduct
Allen Yesilevich | October 3, 2011
Results from a new study by finance and accounting professors at Rutgers and Emory universities’ business schools show that class action lawsuits deter companies from misrepresenting their financial results and in many cases class actions prevent more fraud than Securities and Exchange Commission (SEC) enforcement actions.
“Our research found statistically and economically significant deterrence associated with both SEC enforcement and class action lawsuits,” said Simi Kedia, Ph.D., MBA, associate professor of finance at Rutgers University School of Business in a September 29 press release issued by the Investor Advocate. “We looked at firms in the same industry as the enforcement target and found that the average peer firm subject to SEC action and/or litigation reduces discretionary accruals (i.e., reporting as sales transactions for which payment has not been received) equivalent to 14 percent to 22 percent of the media return on assets in the aftermath of such enforcement.”
Some of the more significant findings included in the report focus on the government’s lack of action compared to private litigation. In the paper entitled “The Deterrence Effects of SEC Enforcement and Class Action Litigation,” the researchers conclude that a class action lawsuit for accounting irregularities is more likely to occur against a firm than an SEC investigation. “The greater likelihood of class action litigation, combined with higher monetary sanctions, likely renders lawsuits as a potentially effective way to deter reporting irregularities at peer firms,” the report states.
Moreover, the new research found that, on average, private lawsuits are filed in advance of SEC actions by 297 days. However the report stated that the strongest deterrence to corporate fraud occurred when both SEC and private class actions are initiated.
A recent New York Times story on AIG’s lawsuit against Bank of America noted that private litigation is a crucial method for shareholders to recover losses. The article cited a letter from the general counsel of the California Public Employees’ Retirement System (CALPERS) which stated that “private litigants in the 100 largest securities class action settlements had recovered $46.7 billion for defrauded shareholders.”
They don't even retain a US auditor any more = no intent of coming up with anything even resembling good news
Max,
Bro, you need to accept that this company is less than nothing in the big scope of things. Its now a $1M company - literally not enough for any regulator, anywhere to even begin to give a darn.
Trust me, I feel your pain, but you just have to suck up this investing mistake and come back smarter.
Seems strange that something that is this obvious the SEC would do something and take some responsibility. We probably aren't going to be able to do anything and that is what they are banking on. How is that they have been able to get away with not paying on the other lawsuit? You would think the governments would cooperate with each other and clean some of this mess up.
who knows if/when we will ever know what is going on with this company. The Changbai branch seems to be very much in business. Here is a link to their taobao store with their promotions for New Year.
http://store.taobao.com/shop/view_shop.htm?user_number_id=249665648
also they continue to open new stores- http://www.cbgfkm.com/show_content.php?id=189
Does this mean anything... who knows... will the company every resurface? Hope so...
Imagine if this company was still in business and came out with any kind of good news. The stock would surge, but I guess that would be asking too much.
Nice!! I would too. I would think they would take this kind of thing seriously. Even if they are a small company, it still looks bad on the country if companies are doing this without punishment.Its funny they actually had a university they worked with on line as a reference. You would think they would be able to be tracked down and held accountable. It sure would be nice to get some answers to what actually happened and why. How can they just dissapear? What about the blueberry company? Did they dump what they own in that?
They likely will:
No statements, no auditors, no lawyers, no assets, no communications.
I wonder if this is just an incompetent company that got too deep into it and decided to vacate their responsibilities, or if we were being had all along.
I also wonder how complicit Killswitch and/or Jennifer were in this...
Today, I complained to the Chinese embassy about Mr. Andy Guo and the company. If we lose all of our money, i would feel better if the executives are put in prison.
Seems pretty crazy that they are actually going to walk away from this with out any consequences. They are able to just be blatant frauds and shut down their web-site not pay bills and walk away. What a great world we live in.Im really surprised that the government lets this happen. They are being so obvious about it and nothing can be done. They need to stop all china stock trading completely (fraud or not)if there is nothing that can be done to regulate it. I still have a hard time figuring out why they were fraud anyway. How was this company benefiting from this? All the pumping on here was based on that they had no ways to benefit but they had to be making money from it somehow. You think they were shorting it? With insider knowledge? Most likely I quess they were buying and selling and dictating the stock by the small things they were doing like having Jennifer on board Etc.
This is the one I found: https://www.facebook.com/profile.php?id=624904947
The other did not show up (for whatever FB reason)
Mr. Jason was trying to locate the real Any Guo on facebook and was unsuccessful.
Kind of strange
Joseph M. Jason ---- http://www.facebook.com/joseph.m.jason
and
Andy Guo ----- http://www.facebook.com/profile.php?id=100003091165128&sk=friends
They are FB friends indeed
My FB search did not reveal any of what you claim to be true. Please provide links.
I dont understand why the law suit is looking for a lead when the suit says that it is Joseph M. Jason v. China organic agriculture. I looked him up on face book and he is friends with Andy Guo on there.
I do not consider my loss small by any means, nor am I careless of it. But I have a lot of things going on right now, and frankly I am prioritizing which things I am willing to invest my time in.
I do not find a lawsuit against CNOA a priority because I think that it will be absolutely useless in terms of recovering anything. Legal action intentions had been made public, and presumably the company has taken notice, but I am afraid this might be as far as it goes.
Consider this: the previous lawsuit was actually won by the shareholders, and settled by the company back when they were still reporting revenues, filing paperwork, and had an uncontested U.S. asset. The money, as miserable as the sum was, has not yet been paid out years after the settlement. At this point, I doubt it ever will be. So, what exactly do you expect from a similar endeavor now, when the company is no longer filing, no longer communicates with anyone, does not have a website, and the only U.S. asset has now been taken away? Do you really expect a better result from a situation that is incomparably worse? Unfortunately, Chinese companies have the luxury of being in a very distant and different jurisdiction, and that was something everyone should have kept in the back of their minds when investing here. I did, but what I have not anticipated was the worst possible turn of events. Shit happens, what can I say.
These are my thoughts, and I do not subscribe anyone to this point of view. I will continue to follow CNOA developments in the nearest future, but with no particular hopes.
Thank you! Im not sure why but yes this does make me feel better for some odd reason. To me Im just a really bad and new investor and was a tough lesson learned but as I have learned from people with a significant amount of money is that they don't get it by throwing it away and that why I had my doubts because you haven't seem to car even if this is a small amount for you. I have contacted on of the law firms and they did say they can adjust the time frame based on who take the lead on this. Also I didn't get booted off I actually contacted the administrator to close my account so I wouldn't be lured into getting on here any more because of the frustration of hearing all the BS. Now that we actually have real news to point more to the fraudulent side and that they pretty much have disappeared like all the Yahoo trash talkers said would happen I am excited to see that somebody is actually going after them although it probably wont lead to anything. Thanks again for the reply
I will indulge you with a piece of requested proof, but not because I feel the need for your approval, but because I hope that it will finally convince you that one can afford to make a bad investment, lose it, and yet not lose their sleep over it. Apparently, it has been a nagging concern for you even before your old account was booted from this forum. Get over it. I already have.
You win some, you lose some - it's all part of the game. The stakes might differ, but the essence is the same.
This screenshot is from the main account. While I have additional shares with unrealized loss in an auxiliary account, I'm not going to bother as this should suffice.
As to your extended comment on wrongdoings, please feel free to contact not one but two legal teams currently looking into this and express your suggestions in full. I, in turn, might just manage without your embittered guidance.
Come on! We have a ton of "potential instance of tangible wrongdoing in 2011". We have all the emails from Jennifer stating over and over about their plans of expansion and company change. All stating that they would have financials out soon and nothing because they are frauds. They couldn't produce documentation only because they didn't have it other wise they would of given the auditors what they needed. Web-site down at the same time the vineyard is foreclosed on.They haven't paid in over six months on the vineyard so when Jennifer was telling us these things they were already planning on abandoning it. Even the bank cant get a hold of them. If this isn't all proof of fraud then what is?They were trying to get us all to hang on as long as they could for some reason! Everything were doing by filing papers and having Jennifer was to entice us to hold until the stock was crap! This is all grounds for you to have the extension through 2011 if you even had all those shares. Anybody that lost $200,000 to a company this way should be a part of the suit. Im not saying for sure that you don't have a million shares but I have to say I have my doubts.Would you mind posting a screen shot of your loses and show that you have a million or had a million shares? If you don't want to I understand but would be nice to see that the leader on this board wasn't just a pumper the whole time.Its kind of strange timing when this board started getting pumped up by you and Kill. So positive and aggressive with how good CNOA is and that they couldn't be fraud. To me it seems that at least Kill had other ulterior motives with this stock to pump it up as long as he could.The signs have been there the whole time but this board made us all feel it was worth hanging on until we all lost it all.
I've communicated with both law firms regarding the expansion of the class period brackets to include those shareholders who bought CNOA in 2011, yet that would require the lawyers to show a potential instance of tangible wrongdoing in 2011. Given that the company had "wisely" remained utterly silent this year, it would be a difficult task. I suppose simply disappearing does make wonders in PinkSheets world after all :) While I did have some major CNOA trades within 2009, they resulted in profit, and thus I am not an eligible class member for the class period proposed by both law firms.
But at the end of the day, the lawsuit is more of an effort to get the company to say something rather than anything else. In my opinion, the chances of recovery of any meaningful damages via such lawsuit are slim at best.
I gather that the Egleston firm is the original one, and the company you've listed saw the first press release and is trying to take the business. There is no grand "investigation" beyond that.
I half wondered if your posting implied your approval of the second firm, but you probably meant no such thing.
I suggest that aggrieved parties stick with Egleston.
Faruqi & Faruqi, LLP Announces Investigation of China Organic Agriculture, Inc.
Today : Wednesday 30 November 2011
Faruqi & Faruqi, LLP, a leading national securities firm, is investigating potential securities fraud at China Organic Agriculture, Inc. (“China Organic” or the “Company”) (OTC: CNOA.PK).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) despite indicating otherwise, China Organic had received no initial payments for its September 2008 sale of Jilin Songyuan City ErMaPao Green Rice Limited (“ErMaPao”) to Bothven Investments Limited (“Bothven”); (2) the Company only signed an extension payment agreement with Bothven on March 18, 2009 whereby Bothven agreed pay the purchase price of $8,700,000 in 3 installments (30% in July 2009, 30% in September 2009 and 40% in October 2009) – meaning that China Organic would only receive full payment over a year after the transaction date; and (3) China Organic had improperly reported results from ErMaPao as part of the Company’s ongoing operations subsequent to September 2008, despite the fact that the ErMaPao had purportedly been sold at that time.
Request more information now by clicking here: www.faruqilaw.com/CNOA
Take Action
If you purchased China Organic securities between November 12, 2008 and March 24, 2010 and would like to discuss your legal rights, visit www.faruqilaw.com/CNOA. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding China Organic’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential matter.
Multiple attorney lawsuit PRs make it challenging for new capital infusion setting up vicious cycle of gradual downtrend. A niche is reversals off .01 however the more attorney lawsuit PRs and negatiev PR unknown what the psychological support strength is
The Egleston Law Firm and Rigrodsky & Long, P.A. File Class Action Suit Against China Organic Agriculture, Inc.
Today : Wednesday 30 November 2011
The Egleston Law Firm and Rigrodsky & Long, P.A. today announced that a class action has been commenced on behalf of an investor in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of China Organic Agriculture, Inc. ("China Organic" or the "Company") (OTC: CNOA.PK) between November 12, 2008 through March 24, 2010, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Gregory M. Egleston of the Egleston Law Firm at (212) 683-3400, or via e-mail at egleston@gme-law.com or Timothy J. MacFall at (516) 683-3516, or via e-mail at tjm@rigrodskylong.com. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
The complaint alleges that, during the Class Period, Defendants knew, or recklessly disregarded, that despite the Company's public representation that the sale of Jilin Songyuan City ErMaPao Green Rice Limited ("ErMaPao") had been completed in September 2008, China Organic had received no payments from the purchaser, Bothven Investments Limited ("Bothven"), at the time the sale was announced. Indeed, it was not until March 18, 2009 that Bothven signed the extension payment agreement with the Company pursuant to which Bothven agreed to pay the purchase price of $8,700,000 in 3 installments (30% in July 2009, 30% in September 2009 and 40% in October 2009). In addition, Defendants, who had reported the sale of ErMaPao, knew or recklessly disregarded that Company improperly reported results from ErMaPao as part of China Organic's ongoing operations subsequent to September 2008, despite the fact that the Company had purportedly been sold at that time.
Plaintiff seeks to recover damages on behalf of all purchasers of China Organic common stock during the Class Period (the "Class"). The plaintiff is represented by the Egleston Law Firm (http://www.gme-law.com) and Rigrodsky & Long (http://www.rigrodskylong.com/), whose attorneys have decades of experience in prosecuting securities class actions and investor class actions throughout the United States.
CONTACT: Gregory M. Egleston
Egleston Law Firm
(212) 683-3400
egleston@gme-law.com
Timothy J. MacFall
(516) 683-3516
tjm@rigrodskylong.com
I think they have to go by my purchases for the Class Action. They were all before 2011. The main thing is making the company accountable.
Good for you, but why doesn't it include 2011? Why that cut off date? You left a good many people (like me) out of the suit who bought in 2011.
Contact Information For Class Action
EGLESTON LAW FIRM
By: _______________________
Gregory M. Egleston
440 Park Avenue South, 5th Floor
New York, NY 10016
Telephone: (212) 683-3400
Facsimile: (212) 683-3402
Email: egleston@gme-law.com
Class Action should have been filed today per Attorney.
NATURE OF THE ACTION AND OVERVIEW
1. This is a federal class action on behalf of purchasers (the “Class”) of the common
stock of China Organic, who purchased or otherwise acquired the Company’s common stock
between November 12, 2008 through March 24, 2010, inclusive (the “Class Period”), seeking to
pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”).
Dalian City is in Liaoning Province of China. It lies in the most southern part of Liaodong Peninsula. It is one of the most important industry base and main seaport in China. Also, it is the most important littoral opening city, covering an area of 12,574 square kilometers and with a population of 5.23 million.
Dalian China.The main topography is low mountain and downloads. Near the sea, there is a small plain. The coast line is crooked, and also there are many bays. It is the maritime monsoon climate in the warm temperate zone. Dalian has an average annual temperate of 10 degree Celsius, and an average annual precipitation of 700mm. The black frost period can last 180 to 210 days. The mineral resources are abundant. There is coal, asbestos, lime, silicon, magnesium and copper. Dalian abounds in littoral aquatic product and salt.
The industries in Dalian is the important in China. Machine and chemical industry are the main parts. Metallurgy, petroleum refinery, textile, food and electronics are developing in a high speed too. In the recent years, the development of economical technology industries that is being built has taken shape. Amongst its main agricultural products, there are corn, paddy rice, peanut, beans and tussah cocoon. Fishery and fruit growing are very flourishing too. The cultivation of sea cucumber, sea tangle, prawn and shell is the important China. The output of apples is in the first place.
Dalian port is one of China's main seaports. The loading and unloading capacity is in the third place in China. Majority kinds of ships can harbor at Dalian port. The airplanes here not only can take you to Shanghai, Tianjing, Qingdao and so many littoral cities in China, but also can send you to nearly 150 foreign countries and cities all over the world. Every August, Dalian holds the Dalian Clothing Festival.
Dalian is also a famous seacoast resort city with nice ocean views and scenery as well as good scenic spots such as Nest Cliff.
Time will tell if they can be reached. I have signed up as a plantiff and a law firm is interested.
Certification Of Named Plantiff
All systems are go. I have given an Attorney the green light after much thought and will be the plantiff against China Organic Agriculture, Inc. I am sure there will be additional info that will be forthcoming.
I have been following this group of companies since 2007. Ive learned quite a bit, and have documented and backed up many affiliated websites that no longer exist. Should be interesting to see what happens going forward.
What's fascinating thing is, many of those listed cases were up listed, and have done a good job at defending themselves thus far proving their legitimacy. (ONP, GURE, UTA?, NEWN)
The pinkies not so much (BFAR, JADA, CNOA, CHCG etc...)
My guess is, all these companies are "real" but in the end it's up to the management to care to create shareholder value, and that seems to be sorely lacking.
On the website front, not looking good. Many websites that mentioned China Organic have been locked up or taken down.
I'll continue to watch and gather information.
http://brandworldgroup.com/en/business3.asp
another piece of the china-fraud
What number did you use? I tried the number that maddog posted (8641182559856) and got someone saying this is not the right number... anyone have any other numbers? I am going to try to figure out what is going on here.
Who wants to contact the auditor to find out if they still think CNOA is legitimate?
Anyone know who Jennifer really was, since she apparently didn't work for this company?
Was Killswitch another sucker like us or the dummy master himself?
Good find. This is undoubtedly the worst development we have seen yet. Everything else involved a lot of speculation, but this is real.
law suit never settled-------im still waiting to see a dime-----------------probably over here----------tmonkey
Not good news for any China stock investor.
sigh... what a nightmare this has turned out to be. This is not a good sign.
not the news you want
http://www.northbaybusinessjournal.com/42823/china-organic-in-default-on-knights-valley-vineyard-estate/comment-page-1/
Monday, October 31, 2011, 7:00 am
Lender puts Bellisimo Vineyard into receivership
China Organic purchased estate, vineyards in 2008 for $14.75 million
By Jeff Quackenbush, Business Journal Staff Reporter
Print Friendly Print Friendly
The 5,300-square-foot main house and guest houses have had solid bookings, according to local real estate agents. The property also has a 53-foot-long pool overlooking the vineyard.
SONOMA COUNTY — The 153-acre Bellisimo Vineyard estate Sonoma County’s Knights Valley attracted attention in early 2008 when a publicly traded Chinese agriculture company purchased it for $14.75 million more than three years ago, but it passed quietly into receivership as this harvest was about to begin.
China Organic Agriculture, Inc., based in northeast China, acquired the luxurious estate and 75 acres of vines at 8322 Franz Valley Road in February 2008, announced plans to import wine to that continent and took a majority stake in a wine marketing company in China. But on Sept. 14 of this year, an affiliate of Iowa-based insurer Transamerica, which financed $8.52 million of the purchase price, filed a notice of default, claiming $508,374 in missed monthly payments and other costs since June, according to public records. A receiver was appointed for the property on Sept. 20.
The phone number for China Organic’s Los Angeles office has been disconnected, and the company website was removed in the past month. Attempts to reach company officials by email were unsuccessful. The New York-based attorney for the company listed in the most recent federal securities regulatory filings from May and June said he is no longer representing China Organic.
The appointed receiver, St. Helena-based veteran wine industry turnaround, bankruptcy, management and marketing adviser John Hawkins, did not return calls for comment.
Default and receivership actions surprised some wine industry mergers-and-acquisitions experts who have been working with a new wave of foreign investors, including a number based in China.
“I’ve never heard of a Chinese investment company having problems in this area,” said Mario Zepponi of Zepponi & Company in Santa Rosa.
For example, Goldin Financial Holdings, a Hong Kong-based publicly traded company, purchased the 40-acre Sloan Family Winery property in Rutherford on June 10 for $40 million and announced plans to build a $30 million wine distribution center in China. Zhang’s Winery Inc. acquired the 40-plus-acre Lupine Hill Vineyard in Napa Valley in April for $3 million.
A number of well-publicized problems with the financial backing of China-based investors are giving some financiers pause. Allan Hemphill, a longtime wine industry consultant and property agent as well as current chairman of Summit State Bank, said the lending community is starting to raise the collateral requirements for foreign investors beyond just securing financing by the property itself.
“If the money is in China, you can’t get the money,” he said. “I know of some lenders that are looking at lending to Chinese companies now are looking for large compensating balances or a source income on this side of the water,” he said.
The Bellisimo Vineyard lender moved quickly to take control of the property, according to documents. In July, a letter went to China Organic about a pending default notice and accelerated loan maturity for the $7.87 million outstanding balance and pursuing receivership in a Sonoma County court a month later. On Sept. 20, a Sonoma County judge granted receivership under Mr. Hawkins. His Realty Capital Solutions advisory represented unsecured creditors in the massive Legacy Estates bankruptcy and was the receiver for Kirkland winery near Napa.
Real estate agents involved with the 2008 sale of Bellisimo Vineyard said they have talked with Mr. Hawkins about some interests from buyers for the property. He was brought in so quickly to ensure revenue from the pending harvest of 250 tons of grapes on the property, according to Will Densenberger and Mark McLaughlin of Pacific Union Real Estate — Christies’s Great Estates.
“There was substantial income ready to come in,” Mr. Densenberger said.
Over the years, the grapes have been sold to Dry Creek Vineyard, Clos Du Bois and more recently Ledson Winery and Gallo Family Vineyards. In December 2007, Steve Ledson filed to trademark the Bellisimo name and was granted registration two years later.
A class-action lawsuit against China Organic was filed in federal district court in December 2008, claiming the company’s reports and press releases misled investors about the value of ventures, including the Bellisimo acquisition. The company settled the suit a year ago for $300,000.
The company’s stock price in Pink Sheets trading late last week was 3 cents a share. The company was founded in 2005 and went public in 2007 in a reverse merger.
Been playing catch up reading here today. Have not followed this one for several months, but it does not look good from reading the last 30 posts. Are their any new lessons you all learned here the last 3 months that I might have missed by not reading all xxx gazzilon posts?
Regarding the post I am replying to, note that in the US, it takes a unanimous jury vote to win a criminal trial (which is very hard to get), and criminal jury's do not award $$ damages to investors as far as I know. It is very hard to send a corporation to jail, or to execute one, LOL!
Secondly, it is almost impossible to prove "Intent"
Here is the response that I got from an Attorney.
Please let me know when you purchased the stock and at what price. I think what you have listed below may constitute viable security claims against the officers and directors of the company, but this pivots off the dates of your purchases. Please let me know at your earliest convenience.
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45
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Moderators |
China Organic Agriculture, Inc.
Dedicated to providing organic as well as green food and drink for Chinese and overseas consumers, improving health of consumers.
www.chinaorganicagriculture.com
COMMON
PREFERRED.
CNOA is headquartered in China.
Ankang Agriculture (Dalian) Co., Ltd is committed to coordinating the production and sales in mainland China;
it locates in Dalian - China's main window city of the commodity grain business base;
it engages in a wide range of branding operation and is a strong driver for CNOA's development in China.
Flagship product - Rice brand named "Saint Rice"
New product line - Mountain specialty brand named "Lesser Khingan Range"
Related DDCNOA acquired 60% shares of Dalian Baoshui District Huiming Industry Ltd, which is mainly engaged in bulk agricultural products trading and effectively expands CNOA's product diversification;
it is one of the strongest grain distribution enterprises in Northeast China.
Vice President at Chamber of Commerce in Heilongjiang Province;
Major customers are all large enterprises, accounting for 80 percent of its total sales;
Main businesses focus on soybean, corn, etc.
Related DDFar East Wine Holding Group Ltd. locates in the worldwide recognized wine city - Hong Kong;
The company specially engages in distribution business of high quality wine.
Far East Wine Holding Group Ltd. produces various grapes used in Chardonnay wine, Merlot wine and Cabernet Sauvignon wine;
it manages OEM specially for Chinese and Asian consumers and outputs brands - It is in cooperation with local wineries on production and OEM;
it caters to variuos consumer groups.
Related DDLocated in Mountain Changbai Protection and Development Zone, the company is a garden-style plant in the forest, adjacent to Tianchi.
The company focuses on development and production of ecologically healthy products of Mountain Changbai, with an area of over 10,000 hectares in Mountain Changbai.
In light of the "Natural, Healthy and Innovative" product concept, the company boasts multiform core self-independent intellectual property rights and know-how by capitalizing on top expert teams and abundant ecologic specialty resources.
Changbai Serial Products have become the most distinctive premium product in ecologic resource development of Mountain Changbai and have been granted national invention patents and Gold Award of China Pharmaceutical Health Industry Expo.
*See Latest Acquisition DD
Latest Acqusition DD
Changbai Eco-Beverage Co. (Acquired in March 2010)
http://ih.advfn.com/p.php?pid=nmona&article=42094799
Changbai's products for sale in multiple online stores, their listing in China business directory, some info on at least 5 new stores opened in 2010, and the related 8-K can be found through the following links:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61888374
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61891001
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61895462
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Changbai's Website:
http://www.cbgfkm.com (courtesy of aandt).
http://www.cbgfkm.com/show_list.php?id=4
China Organic Agriculture, Inc. ("CNOA" or "the Company") is composed of several subsidiaries including Ankang Agriculture, Dalian Huiming, Bellisimo Vineyard etc.
CNOA started trading on Nasdaq OTCBB by reverse merger since March 15, 2007. CNOA is a diversified leading company based in China and primarily engaged in processing and distributing high-quality natural food. It mainly engages in green and organic rice processing and distribution, food provision, mountain specialty trading, production and marketing of ice wine and red wine. Its products are distributed throughout China to fulfill the rapidly growing demand in healthy food.
Operational advantages are mainly reflected in five aspects, including fast growth of organic food market, corporate branding management, large-scale distribution network in big cities across the country and business expanding via capital operation.
The current and future business model of CNOA is trading. However, the Shareholders and management have realized the defect of the business model, so they will take brand operation and corporate M&A as the future development direction, and will involve a number of organic agricultural sectors, such as non-genetically modified foods, organic fruits and vegetables, premium drinks, edible fungi, organic pesticides, etc. The continuous development of CNOA will gradually promote product diversification and improvement of the industrial chain. As a main task of Ankang Agriculture, the medium and high-end branding management is the new strategic core which involves purchasing, processing and marketing of rice, canning and marketing of ice wine, purchasing, packaging and marketing of mountain specialty.
Growth Strategies
Enhancing the building of green and organic food product base.
Developing the production and sales business of green and organic serial products.
Strengthening management and reinforcing internal control.
Initiating merger & acquisition operations, further expanding CNOA businesses, enriching and perfecting the production chain.
Market Strategies
Continuing with wholesale or group sale through agents in major cities across the country.
Delivering products to consumption terminals by establishing cooperation relationship with prominent supermarkets.
Status Quo & Future Countermeasures
Currently, the main business model of the Company is trading. The Shareholders and management have realized the deficiency; thus, the Company will redirect the development through brand operation and merger & acquisitions, which involves many organic agricultural sectors, such as non-genetically modified food, organic fruits and vegetables, superior beverages, edible fungi and organic pesticides. The constant development of CNOA will gradually facilitate the product diversification and the production chain perfection. On the other hand, the medium and high-end brand operation that Dalian Ankang is working on is the new strategic core, such as rice processing and sale, ice wine canning and sale, mountain specialty purchase, packaging & sale.
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Fiscal Quarter | 2010 (Fiscal Year) | 2009 (Fiscal Year) | 2008 (Fiscal Year) | |||||
March | ||||||||
Revenue | $32,353(t) | $36,727(t) | $7,521(t) | |||||
EPS | 0.04 (3/31/2010) | 0.05 (3/31/2009) | 0.02 (3/31/2008) | |||||
Dividends | N/A | N/A | N/A | |||||
June | ||||||||
Revenue | $31,295(t) | $30,018(t) | $3,702(t) | |||||
EPS | 0.04 (6/30/2010) | -0.05 (6/30/2009) | 0 (6/30/2008) | |||||
Dividends | N/A | N/A | N/A | |||||
September | ||||||||
Revenue | $42,632(t) | $39,656(t) | $42,689(t) | |||||
EPS | 0.02 (9/30/2010) | 0 (9/30/2009) | 0.17 (9/30/2008) | |||||
Dividends | N/A | N/A | N/A | |||||
December (FYE) | ||||||||
Revenue | $37,454(t) | $58,782(t) | ||||||
EPS | 0.15 (12/31/2009) | 0.15 (12/31/2008) | ||||||
Dividends | N/A | N/A | ||||||
Totals | ||||||||
Revenue | $106,281(t) | $143,856(t) | $112,695(t) | |||||
EPS | 0.1 | 0.15 | 0.34 | |||||
Dividends | N/A | N/A | N/A |
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