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I have gotten the name of the Attorney who has represented CNOA in the past and I will address our concerns. I will get back to you if I should hear anything.
im in on this settlement and havent heard a word yet---if they cant pay 600k--think 0001 here---------------tmonkey
On yahoo someone provided a link to cnoa360 website all in Chinese. Is this us? If so that would be very good.
I got the name of an Attorney as a referral
Maybe we can find this Don K. Rice guy. He seems to be affiliated with a few companies. Im sure he knows plenty if he is even a real person
To me who gives a crap how much we get out of the law suit, i just want to see these frauds go down and be exposed. They need to go to prison and instead we are just sitting here helpless while they played us like their little puppets. Being nice or being a a-hole isn't going to get us anywhere either way. The longer we don't do anything they will all just disappear into thin air. Why would they stay around ? I'm not sure how I was convinced and fooled into holding on to this stock this long and getting myself trapped with it but I do know if I wouldn't of ever got on here and listening to all the pumping up and stayed on yahoo that I probably would of sold at $.30 when they had applied to do a split of the stock. I take the blame for being an idiot and not listening to my gut but I still think a few people on this board manipulated this stock as much as they could for their advantage. The timing of this board getting active and Kill how he came and gone had to know much more. O'well we all were suckers at least the ones on here that truly owned this stock
Amazingly the settlement was only for 600,000. That does not bode well for another lawsuit I suppose.
China Organic Agriculture, Inc. (OTC Bulletin Board: CNOA.OB) ("China Organic Agriculture" or the "Company"), headquartered in Liaoning Province, China and engaged in the trading and distribution of agricultural products, today announced that it had agreed to a settlement in the shareholder class action lawsuit commenced against it in December 2008.
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Market Activity
China Organic Agricltr| CNOA
Counsel for the Company and counsel for the Plaintiff Class entered into a Stipulation and Agreement of Settlement which has been submitted for approval by the Court. Under the terms of the settlement, eligible class members would receive a total of $300,000 in cash together with shares of China Organic Agriculture’s common stock having a value of $300,000 in exchange for a release of all claims which class members have or may have against the Company, its directors, officers, affiliates, shareholders and agents, except claims arising out of or related to the settlement.
Qian Qi, the newly elected Chief Executive Officer of the Company commented, “The decision to settle this action reflects management’s desire to focus on the Company’s business and avoid the distractions that would result from mounting a defense to this lawsuit. Although we believe that the Company and its personnel did nothing improper, it is well worth it to pay the amount of the settlement and put this matter behind us and focus on growing our Company.”
About China Organic Agriculture
China Organic Agriculture is based in China and is primarily engaged in the acquisition, trading and distribution of agricultural products. For more information, please visit http://www.chinaorganicagriculture.com.
FORWARD-LOOKING STATEMENTS: Except for historical information, this press release contains forward-looking statements which reflect the China Organic Agriculture's current expectations regarding future events. These forward-looking statements involve risks and uncertainties, which if they occur, may cause actual results to differ materially from those contained in forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning future acquisitions, estimates of, and increases in, production, cash flows and values, statements relating to the continued advancement of China Organic Agriculture's products and other statements which are not historical facts. When used in this document, words such as "could," "plan," "estimate," "expect," "intend," "may," and similar expressions denote forward-looking statements. Although China Organic Agriculture Inc. believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The risks and uncertainties which could cause actual results to differ from those contained in our forward looking statements include, but are not limited to, changing market conditions, our ability to raise capital as and when required, the availability of raw products and other supplies, competition, the costs of goods, government regulations, and political and economic factors in the People's Republic of China in which our subsidiaries operate and other risks detailed from time to time in China Organic Agriculture's ongoing quarterly filings and annual reports. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.
http://classactionworld.com/China+Organic+Agriculture,+Inc.+Class+Action+Litigation./saaoc/22699.html
Lots of Attorneys to choose from here.
There was a settlement hearing in September of 2010. _
3. Settlement Hearing. A Settlement Hearing shall be held before this Court on 2010 ,
[Seitefid)er 491, 24361, at 110 :dd a.m.1004, in Courtroom 15D, 500 Pearl Street, New York, New
York 10007, to, among other things: (a) determine whether this Action should be certified as a Class
Action pursuant to Rule 23; (b) determine whether a settlement in the Class Action with the Defendants
on the terms and conditions provided for in the Settlement Agreement is fair, just, reasonable and
adequate to the Class and should be approved by the Court; (c) determine whether the Final Judgment
Order as provided in the Settlement Agreement should be entered, dismissing the Class Action on the
merits and with prejudice; (d) determine whether the proposed Plan of Allocation for the proceeds of the
Settlement is fair and reasonable, and should be approved; (e) determine the amount of fees and
expenses that should be awarded to the Lead Plaintiffs' Counsel; and (0 consider and rule upon such
other matters as the Court may deem appropriate. The Court may adjourn the Settlement Hearing
without further notice to Class Members.
2
NEW YORK, Dec. 19, 2008 (GLOBE NEWSWIRE) -- The Brualdi Law Firm, P.C. announces that a lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of China Organic Agriculture, Inc. ("China Organic" or the "Company") (OTCBB:CNOA) common stock during the period between July 12, 2007 and August 14, 2008 (the "Class Period") for violations of the federal securities laws.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased China Organic common stock during the Class Period, and wish to move the court for appointment of lead plaintiff, you must do so by February 10, 2009. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You do not need to seek appointment as a lead plaintiff in order to share in any recovery.
To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Sue Lee at The Brualdi Law Firm, P.C. 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to slee@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period that it had no reasonable belief that the company could develop organic rice for sale at competitive prices. According to the complaint, insiders sold millions of dollars worth of Company stock, acquired a luxury retreat for Company insiders and, within 18 months after going public, sold the Company's most significant operation leaving the Company as a shell and causing the value of China Organic Agriculture's stock to decline significantly.
CONTACT: The Brualdi Law Firm, P.C.
Sue Lee, Esq.
(212)-952-0602
(877)-495-1187
slee@brualdilawfirm.com
NEW YORK, NY -- (Marketwire) -- 12/12/08 -- On December 12, 2008, the law firm of Sarraf Gentile LLP commenced a securities fraud class action lawsuit on behalf of those investors who acquired the securities of China Organic Agriculture, Inc. ("China Organic" or the "Company") (OTCBB: CNOA) during the period July 12, 2007 to August 14, 2008, inclusive (the "Class Period"). The lawsuit is pending in the United States District Court for the Southern District of New York, alleges violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and names as defendants China Organic and certain of its officers and directors.
According to the complaint, the defendants took the Company public in early 2007 and made numerous statements during the Class Period regarding the Company's prospects and sales. Defendants, for example, claimed to be developing organic rice for sale in China, but according to the complaint, never developed any kind of product that could be sold at a competitive price. According to the complaint these and other Class Period statements were false and misleading, designed to inflate the price of the Company's stock. Indeed, according to the complaint, insiders sold tens of millions of dollars worth of Company stock during the Class Period, acquired for themselves a luxury retreat in California, sold off the Company's only significant operation and within eighteen months of taking the Company public left only an empty shell and huge shareholder losses.
SARRAF GENTILE LLP
http://securities.stanford.edu/1041/CNOA_01/20081212_f01c_0810810.pdf
Damn looks like this was a old lawsuit that maybe never went through. I wish I would of saw this before I ever got in here. Bad sign when your own employees are trying to sue you for securities fraud
I did a little searching around for fraud articles on CNOA and found this. If this is true it looks like the employees are pissed too about the stock which could be good news for us. If they sue them over there this will bring more attention to it and maybe start communicating.This isn't dated but when I get a bit more time I will look into this more. At least something is happening and we aren't the only ones being treated like crap
http://shareholdersfoundation.com/caseinvestigation/investigation-behalf-former-and-current-employees-china-organic-agriculture-inc-co
I think your right if we could contact anybody or even know anybody is there. I think the lawsuit talk is because the only peep we have heard out of this company is from Jennifer who is no longer there. To me her leaving was a very bad sign for a company that is supposedly trying to reorganize and improve. If they wanted to do anything for us they would of done at least something by now. Anything at all would go so far with the shareholders and yet they choose to do absolutely nothing. Now the web-site is gone and they still are doing nothing. If anybody was there that cared that would be the very least they would do is keep their website up. They are taunting us and laughing at us because they know we are fing helpless and they can get away with anything they want. If they are willing to let this go this long I would be absolutely shocked if anything ever changes without some kind of legal action. If you think about it , why should they do anything if we just keep letting them get away with it.
"All of us who care need to continue to do our part. For those of you in contact with the management team, be cordial, but be direct. Threats will not solve anything. This will be a lobbying effort - squeaky wheel gets the oil."
This shows wisdom beyond your years. Kudos to you for this insight. American hubris will get us nowhere in this situation.
Internationally recognized concepts of respect and kindness, however, might illicit a response.
To add to your "squeaky wheel" maxim, "One catches more flies with honey, than vinegar."
If we swing our self aggrandized "dicks" around too much with lawsuits and vague, empty threats we will simply get them to say: "Screw it, what a pain, what's the point of putting up with these whiners? Delist it, let's get back to work."
We are for better served by offering help and cooperation, than by making demands on our terms.
That's just human nature....the world over.
JMPOV
Everyone,
Sorry for the delay; tech i-banking isn't the best career for side projects.
I called over again last night (8pm PST = 10am China) to the director's line. There was still no answer. I'll try to circle back with the original number to see if I can get someone else who's more educated on the company operations. I've also got a Chinese business man doing the translation now instead of my girlfriend, so we're better equipped with Chinese business jargon, etc.
I'm facing a similar situation with my other Chinese investment.
Food for thought: assuming everyone posting to this board is American, we have different expectations than other global cultures. I've had Spanish and French roommates and I live in an area surrounded by Indian and Chinese business people. Each culture has a very different outlook on business than our own.
One of the most apparent differences is that we usually expect things NOW (instant gratification). It's part of the reason that America is still the global investment vehicle of choice - we execute partially due to impatience and the Protestant work ethic. Even other seemingly 'intense' cultures don't share this same sense of urgency. This plays to our current case study. I'm sure an American team of bankers, lawyers and professionals could address these issues in a matter of six months or less, but that's not the reality of the situation.
To place everything in perspective, remember that we're dealing with a micro-cap company in a developing nation. This is not a well-oiled machine executing on a defined roadmap based on the principles of HBS case studies. All of this will take time and a bit of luck.
For what it's worth, I got a fortune cookie last month that reads, "The stock market may be your ticket to success." Let's hope that applies to CNOA.
All of us who care need to continue to do our part. For those of you in contact with the management team, be cordial, but be direct. Threats will not solve anything. This will be a lobbying effort - squeaky wheel gets the oil.
For those of you who have contacted the legal team who won the prior class action suit, please continue to do so and gather intelligence.
I will continue to speak to people on the ground at the company to see what that yields. I'll also focus on the point that their Website is down.
If we act accordingly, I'm confident that we will see some progress. Based on the prior point that we're dealing with a small company in a developing nation, don't expect that this will fix itself.
I'm with you! At this point it seems crazy that they are just getting away with this and everybody feels like there isn't anything we can do. I would love to go visit them and really find out what is going on . Seems like it would be pretty simple to find out a lot if somebody was over there. The auditors if they could tell us more I'm sure would be very valuable. If they are in business still we might get lucky but if they have just disappeared than it would be really nice to know so we all can just move on from this and except our bad investment. The unknown is what is so hard. At this point good or bad I just want some answers
If this was a NYSE ticker, I would very much agree with you. But I'm afraid it isn't. PinkSheets is a very different game.
We are not helpless. We have rights.
Common Shareholders' Six Main Rights
1.Voting Power on Major Issues
This includes electing directors and proposals for fundamental changes affecting the company such as mergers or liquidation. Voting takes place at the company's annual meeting. If you can't attend, you can do so by proxy and mail in your vote. (see The Purpose and Importance of Proxy Voting)
2.Ownership in a Portion of the Company
1.Previously we discussed the event of a corporate liquidation where bondholders and preferred shareholders are paid first. However, when business thrives, common shareholders own a piece of something that has value. Said another way, they have a claim on a portion of the assets owned by the company. As these assets generate profits, and as the profits are reinvested in additional assets, shareholders see a return in the form of increased share value as stock prices rise.
2.The Right to Transfer Ownership
Right to transfer ownership means shareholders are allowed to trade their stock on an exchange. The right to transfer ownership might seem mundane, but the liquidity provided by stock exchanges is extremely important. Liquidity is one of the key factors that differentiates stocks from an investment like real estate. If you own property, it can take months to convert your investment into cash. Because stocks are so liquid, you can move your money into other places almost instantaneously.
3.An Entitlement to Dividends
Along with a claim on assets, you also receive a claim on any profits a company pays out in the form of a dividend. Management of a company essentially has two options with profits: they can be reinvested back into the firm (hopefully increasing the company's overall value) or paid out in the form of a dividend. You don't have a say in what percentage of profits should be paid out - this is decided by the board of directors. However, whenever dividends are declared, common shareholders are entitled to receive their share. (To continue reading, see How and Why Do Companies Pay Dividends?)
4.Opportunity to Inspect Corporate Books and Records
This opportunity is provided through a company's public filings, including its annual report. Nowadays, this isn't such a big deal as public companies are required to make their financials public. It can be more important for private companies.
5.The Right to Sue for Wrongful Acts
Suing a company usually takes the form of a shareholder class-action lawsuit. A good example of this type of suit occurred in the wake of the accounting scandal that rocked WorldCom in 2002, after it was discovered that the company had grossly overstated earnings, giving shareholders and investors an erroneous view of its financial health. The telecom giant faced a firestorm of shareholder class-action suits as a result. (Want to read more about frauds? See The Biggest Stock Scams of All Time.)
Shareholder rights vary from state to state, and country to country, so it is important to check with your local authorities and public watchdog groups. In North America, however, shareholders rights tend to be more developed than other nations and are standard for the purchase of any common stock. These rights are crucial for the protection of shareholders against poor management.
Corporate Governance
In addition to the six basic rights of common shareholders, it is vital that you thoroughly research the corporate governance policies of a company. These policies are often crucial in determining how a company treats and informs its shareholders. (For a detailed look at the importance of corporate governance to shareholders and prospective investors as well as where to find a company's record or policy, see Governance Pays.)
Shareholder Rights Plan
Despite its name, this plan differs from the standard shareholder rights outlined by the government (the six rights we touched on). Shareholder rights plans outline the rights of a shareholder in a specific corporation. A company's shareholder rights plan, it is usually accessible in the investor's relations section of its corporate website or by contacting the company directly.
In most cases, these plans are designed to give the company's board of directors the power to protect shareholder interests in the event of an attempt by an outsider to acquire the company. To prevent a hostile takeover, the company will have a shareholder rights plan that can be exercised when another person or firm acquires a certain percentage of outstanding shares.
The way a shareholder rights plan may work can be best demonstrated with an example: let's say Cory's Tequila Co. notices that its competitor, Joe's Tequila Co., has purchased more than 20% of its common shares. A shareholder rights plan might then stipulate that existing common shareholders have the opportunity to buy shares at a discount to the current market price (usually a 10-20% discount). This maneuver is sometimes referred to as a "flip-in poison pill". By being able to purchase more shares at a lower price, investors get instant profits and more importantly, they dilute the shares held by the competitor, whose takeover attempt is now more difficult and expensive. There are numerous techniques like this that companies can put into place to defend themselves against a hostile takeover. (see The Wacky World of M & A)
Read more: http://www.investopedia.com/articles/01/050201.asp#ixzz1bjFzuckF
Here is a press release of FUQI whic has not had financial statements in years. It still trades.
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements including (without limitation) statements related to the Company's intentions to complete its restatements and file delinquent filings. Forward-looking statements can be identified by the use of forward-looking terminology such as "will," "believes," "expects," "anticipates" or similar expressions. Such information is based upon expectations of the Company's management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions. Such risks and uncertainties include, but are not limited to, the ability of the Company to identify, recruit, and hire a qualified permanent replacement for the CFO position; the Company's ability to complete and file each of its restated Quarterly Reports on Form 10-Q/A for the periods ended March 31, June 30, and September 30, 2009, its Annual Reports on Form 10-K for the year ended December 31, 2009 and 2010, and its Form 10-Q quarterly reports for each quarterly period in 2010 and 2011 the Company's ability to remediate the material weaknesses in its internal controls; the Company's inability to efficiently deploy resources to manage the restatement process and delinquent filings; and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company does not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see the Company's most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and its subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov.
SOURCE FUQI International, Inc.
I do not see why they would want to disappear, and this is why I am still holding a good number of shares here. But you never know... I do know, however, that should they start communication again, these prices would suddenly prove to had been a give-away.
This is true but if they are actually a company and doing good like past reporting and didn't just disappear than a lawsuit would in fact happen and you would think they would try to avoid that. Them disappearing is the only way they would be able to get away with what they are doing, correct?It seems that if they are a real company this couldn't go on forever with out somebody taking it to them
I am buying more shares so that we can move the coporate office to the USA.
Jennifer said that the managment cared about the shareholders.
We are looking forward to hopefully hearing good news from you!Anything right now is is really appreciated
Now Simon says buy. We have 34 cents per share and a book value of 90 cents. What a bargain
Now Simon says buy. We have 34 cents per share and a book value of 90 cents. What a bargain.
Looks like you have more influence than I thought ITMD, the minute you throw in the town it starts going back down again. Just kidding. I do still have hope myself though if they still have employees there answering phones. Seems strange that if they choose to just drop off the radar than they would answer the phones.Anyways this has been about the most frustrating experience I would think a investor could have and it was our luck to be in it. Atleast they could come out and say they have lost money and let the stock go down to .00 in a way that makes us feel better about things.
Yup. This company isn't even a blip on the map. Authorities everywhere have much bigger frauds to worry about..
You are overestimating the significance of what's going on here to anyone but you, I, and a couple of other guys who have gambled and lost. Unless the company itself chooses to go back online, there is nothing you can do to make them, or even harm them for being so blatantly honest about not giving a f*** anymore. C'est la vie, I'm afraid.
I am deadly serious about doing what I can do. The company:
1)does not communicate
2)is not completing an audit
3)web site is gone.
4)no longer has an investor relations person
I am no longer hoping for the best, but trying to take any legal action. That will also include complaining to the Chinese government.
Threatening the CEO. Very mature.
Won't make a difference. You really can't touch these people, gotta just hope they're on the up and up.
Good Luck all!
I like your Christmas letter to Mr. Guo, LOL , I hope he pays attention to it.
As far as the SEC, Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001)
Mr. Guo:
As you might know,China currently uses two methods of execution. Since 1949, the most common method was execution by firing squad, which has been largely superseded by lethal injection, using the same three-drug cocktail pioneered by the United States, introduced in 1997. Execution vans are unique to China though. Lethal injection is more commonly used for "economic crimes", such as corruption, while firing squads are used for more common crimes like murder. There is a general trend towards moving to lethal injection, though. The cost of a lethal injection is cheaper, and according to a court official in Kunming, it lessens the risk of HIV in the cleanup of the firing squad. This method is promoted by the Central People's Government as less painful and more humane, and it plans to phase out the use of firing squads by 2010.
Sincerely:
Your shareholder
It is unusual to have a website down for that long.
Have you ever just seen a companies web-site just disappear like this? for this long? Very strange. I cant think of any reason why they would take it down. Even if they were redoing the web-site you wouldn't take it down until the other one was done. It could be more of the manipulation that has gone on here with the lack of communication. Seems that if they are legit that they would of communicated in some way by now unless they were trying to drive the share price down for some reason on purpose. Each step they have taken has significantly drove the price down and this is just one more step that could drive it down more. Maybe they are purposly trying to get this thing into the ground because they know they will get away with it and we cant do anything about it. Then they could just keep running there company with out any responsibility to the share holder. This to me seems like it is all planned out for what reason I don't know but nothing explains why they wouldn't put out a press release unless they wanted this to happen
The website situation does not seem to be improving, unfortunately.
Do any of those companies have current financials? Any of them?
http://www.vianalelaw.com/wp-content/uploads/2008/12/complaint_chinaorganic.pdf
Notice how there was another Guo in this complaint. Is that a relation to Andy Guo?
What is this a list of fraudulent companies?
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.
I called over to the direct board member line last night and went to vmail. I'd prefer to speak with him live, so I'll attempt again on Sunday when it's their Monday.
I'll be more detailed in the diligence questions with the people in the know. I have standard lists from work that I'll use.
Ghost would know for sure ;)
Ever heard of GEM Fortune Image Consulting? They're not doing much for CNOA's image right now. lol
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Domain Name : chinaorganicagriculture.com
PunnyCode : chinaorganicagriculture.com
Creation Date : 2007-05-14 00:00:00
Updated Date : 2011-04-29 16:08:15
Expiration Date : 2012-05-14 00:00:00
Registrant:
Organization : songtao
Name : ghost
Address : shenzhen
City : shenzhen
Province/State : guangdong
Country : China
Postal Code : 518026
Administrative Contact:
Name : ghost
Organization : Gem Fortune Image Consulting (shenzhen) Co., Ltd.
Address : shenzhen
City : shenzhen
Province/State : guangdong
Country : China
Postal Code : 518026
Phone Number : 86-755-88285176-1
Fax : 86-755-88285823-1
Email : ghost9724@163.com
Technical Contact:
Name : ghost
Organization : Gem Fortune Image Consulting (shenzhen) Co., Ltd.
Address : shenzhen
City : shenzhen
Province/State : guangdong
Country : China
Postal Code : 518026
Phone Number : 86-755-88285176-1
Fax : 86-755-88285823-1
Email : ghost9724@163.com
Billing Contact:
Name : ghost
Organization : Gem Fortune Image Consulting (shenzhen) Co., Ltd.
Address : shenzhen
City : shenzhen
Province/State : guangdong
Country : China
Postal Code : 518026
Phone Number : 86-755-88285176-1
Fax : 86-755-88285823-1
Email : ghost9724@163.com
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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
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61909179
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62307978
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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