China Shuangji Cement Ltd.(fka CSGJ)

[Renee]

CSGJ revoked:

http://www.sec.gov/litigation/admin/2013/34-69865.pdf

[Renee]

CSGJ: SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-69579.pdf

Order:

http://www.sec.gov/litigation/suspensions/2013/34-69579-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2013/34-69580.pdf

[Minding]

Hi Northern,

I'm on and off IH infrequently but haven't seen any posts from you recently. I hope all is well.

I've been focusing on US and CA stocks with a few refineries being decent winners for me (NTI, ALDW, and CVRR.)

May your trading bring you continued success.

Kind regards,
George/Minding

[ButteredToast]

Chinese Stimulus
China recently announced a new round of economic stimulus. I'm expecting a jump in stock price. Any thoughts anyone?

[Portguyofva]

I have no clue as to what is going on since there is zero transparency, but I did manage a 200K share round trip from .023 to .06 in the last couple of weeks. I put my profits to work yesterday and got a fill at .021. Hoping it bounces up again.

For me this is literally a slot machine trade and I wouldn't recommend to anyone.

[errors2]

Another 50000 trade again today, What going on?

[errors2]

Why all the volume? Big trades the last three days?

[Portguyofva]

Total gamble with zero transperancy, but dropped a bet in the slot maching at just under .023. Something seems to be going on. Hopefully not bad, and hopefully I'm not the sucke@.

[germoney2]

just returned from vacations and see the nice surprise.
It is good to see this counter is not dead.

Even though it may sound absurd but i can understand the frustration of the CSGJ-CEO with thelisting. Its not good for anything now´, so why bother wasting money to file.

IMO it will pay to be patient:

>business and key persons are real, no fake cpy
>value much higher than share price, said to be far over USD 1
>eps I have not really an idea but with what I se from HK-shares (cement demand) we should be well above 0,20 eps in 2011
> 5%+ of capital in hands of identified investors means a buyout must have an official public offer.

If I were the investment banker of CSGJ-CEO I would try to collect as many shares with this low price as possible to get the free-float aslow as possible and afterwards start the buyout.

So don´t sell at these prices, we will see higher ones.

[northenlightsk05]

Somebody heard something or knew something. If there is a buy-out, it should be much higher than the current price.

[germoney2]

167000 shares up to now.
This is not for no reason !
somebody knows what will happen.
Perhaps a 10k-filing?

[hercules16]

500 shares @ 1.8 this morning. Well after paying a $5 commision they might have enough to buy a 40 ounce beer. Hey as long as they have a good reason! LOL Trading in these Chinese small caps is beyond ridiculous.

[germoney2]

this is ridiculous:

150 shares with 0,018.

I bet the market maker wants to make us nervous, who would be making this transaction.

[northenlightsk05]

They don't answer the calls. No idea what will happen. For CRJI, i am O.K. to take the cash for 0.065 per share, 34% loss for me. It is easy to recovery the loss with another bet. Good luck.

[germoney2]

btw: Is there a way to find out CSGJ´s chinese filing?
Is it public? How else did the analysts compare SEC and SIAF-filing at other companies?
Perhaps that is wa way to find out at laest something about CSGJ.

Other from that I have no idea how to get new information.

In the case of CSGJ I would not be content with 0,065 USD but the situation is different. So perhaps it was the best solution for you.

[northenlightsk05]

I have just received the cash for CRJI shares at 0.065 per share.

[germoney2]

at the moment there is simply a lack of incentive for them to do so.
At this price why worry with reporting costs if you do not have valuation upside given the valuations at the market for chinese cpies in general.
So they do not necessarliy have to DECIDE to go dark, just wait until the situation would give them a logic to report again.

If CSGJ has different thing in mind (withdraw listing or whatever) they will wait further because they would need our agreement with over 5% shares identified. That would be a game of patience.

[tika1]

Is there any chance this company will ever file anything? Or they already decided to go dark?

BFAR which did not file earning report did press release about a month back. I hope CSGJ will file something or offer something for our worthless share. Has anybody contacted to company recently?

[presence]

Thank you. Happy New Year and good luck to you in 2012 as well.

[germoney2]

that´s exactly what I think and why I do not think to many people will give back shares at that low price.
I hope the time will come that the companies wil see it is worthwile reanimating the listing. This will only happen if the general environment for chinese microcaps improves.

GL and a good start into 2012 for all here in the board

[presence]

I've held my shares with CRJI. I figure what's to lose when you're looking at 6 cents a share at 10k shares. Hopefully something will come out of it in a couple years and I'll see life again. So much for China.

[germoney2]

the "offer" referred to another chinese cement compny, CRJI, which made an offer to take back the shares at a very low level and delist it afterwards.
The rumour is that the same may happen to CSGJ and afterwards both companies will be merged an perhaps be newly listed in HK or elsewhere.
However the situation is not the same with CSGJ, as there is an identified shareholderbase of more than 5% which makes it impossible to delist if the present shareholders do not accept the offer.
The value of CSGJ should be much higher than the present value (read old posts), however management has ceased to communicate with public since summer.
So the question is wether we will recieve an offer as well (and hopefully not accept it if to low), CSGJ remains dark or eventually will return filing if their matters in Government negotiations and auditing will be settled.
Since the CEO still holds the majority of the company I continue to believe that some time from now CSGJ will look for a solution to revive the listing.

I will hold on my shares

[ROCKHard]

what offer?

[Minding]

Interesting volume over the past two months on a bit switch.

Minding

[northenlightsk05]

I accept the offer for CRJI shares, but have not seen the money yet. It is supposed to come next month.

[germoney2]

Hi Northenlight,

so what have you done with your CRJI-shares ?
Have you accepted the offer?
Any new idea about CSGJ?
At least we have regular turnover coming back.

[germoney2]

looks like somebody is picking up at low levels.
over 70.000 shares today for a stock without any newsflow is a good restart.

Come on, show us some more, you won´t get my shares at these prices

[Minding]

I'd be content with something like that for CSGJ. ;)

Did you read http://www.businessweek.com/news/2011-10-20/china-plans-subsidies-to-tap-shale-gas-reserves-larger-than-u-s-.html ?

Kind regards,
George

[northenlightsk05]

CHCC.OB merges with 16 times of premium. Share price up more than 400% today

[bestbuddy]

Northen I know you have worked hard on this one. I lost contact with the forum for a while. What are our hopes here? do we just got scammed by these couple of chinese cement companies? being the other one CRJI. This is a lesson learned.. I won't never trust chinese.

[northenlightsk]

This may happen to CSGJ one day:

"The offer deadline is November 23, 2011. I have just received the offer for my 439K shares at 6.5 cents.

Clearly,CRJI wants to list in China. They need to control over 95% shares in order to delist from US market. They currently own 68.57 million shares out of 78.83 million total shares. So they control 86.98% shares. They need to re-purchase 6.32 million shares in order to delist from US.

I have not yet decided to sell my shares. My average price is 9.9 cents, so it is about 35% loss if I sell.

I think that the company is worth $1 per shares. Fair price for offer may be around 50 cents.

I would like to know how many shares you have and whether or not you want to accept this offer.

My holding: 439,000 shares."

[northenlightsk05]

He is not the guy in charge any way. Hard to know whether he was lying or it was behyond his control. By now, it should be clear that you can never trust the managers in these Chinese OTC stocks.

Funny that some posters here only blaim the messangers who try hard to salvage this situation, while they have nothing to contribute.

[pd101]

What do you make of the website being down? It seems the person you talked to fed you a bunch of BS.

[whoswho]

Form 8-K for CHINA ENERGY CORP

21-Sep-2011

Change in Directors or Principal Officers, Financial Statements and Exhibits


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
OFDIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORYARRANGEMENTS OF CERTAIN OFFICERS.
On September 15, 2011, the China Energy Corporation (the "Company") appointed Mr. Tieming Ge ("Mr. Ge") to serve as an independent director of the Company, and as a member of the Audit, Nominating and Corporate Governance and Compensation Committees of the Board of Directors of the Company, effective as of September 1, 2011. The appointment of Mr. Ge was unanimously approved by the Company's Board of Directors. Mr. Ge has no family relationships with any of the executive officers or directors of the Company. There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Ge had, or will have, a direct or indirect material interest.

Mr. Ge, age 66, currently serves as Chief Advisor to China National Building Materials Group Corporation, the largest building materials group in China, a role in which he has served since November 2005. Since 2006 he has served as Independent Director of CITS Group Corporation, a state-owned enterprise in China integrated with travel service, communication and transportation, foreign trade, real estate development and management and e-commerce, as Outside Director of Pangang Group Steel Vanadium & Titanium Co. Ltd, one of the largest vanadium and titanium companies in China and Vice President of China Architectural and Industrial Glass Association. Previously, Mr. Ge served as Secretary of CPC Committee of China National Building Materials Group Corporation until November 2005. Mr. Ge graduated from Beijing Building Material Industry College in 1968, majoring Silicate Applications.

On September 15, 2011, the Company and Mr. Ge entered into a director agreement (the "Agreement"). The Agreement provides that Mr. Ge will receive cash compensation of $7,500 during the term of the Agreement, as well as an option to purchase up to 15,000 shares of the Company's common stock with an exercise price of $0.47 per share. Additionally, Mr. Ge will receive RMB800 for each board or committee meeting that he attends, and he will be reimbursed for his expenses incurred while attending such meetings. The option will vest in equal, quarterly installments on the last of the Company's fiscal quarter during the term of the Agreement (beginning with the fiscal quarter ending November 30, 2011). The term of the Agreement is from September 1, 2011 to May 31, 2012.

A copy of the Agreement is attached as Exhibit 10.1 and is incorporated herein by reference.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibits

10.1 Agreement between the Company and Mr. Tieming Ge, dated September 15, 2011.

[stills999]

"High insider involvement suggests allignment of interest for a higher market valuation between management and public investors. At least that is my belief up to now. "

Since these folks might have given up on market valuation (understandable) perhaps they go dark and pay themselves higher salaries and so forth. With around 30% insider ownership you have a good balance of management interest in market valuation balanced with shareholder control of the company.

[germoney2]

High insider involvement suggests allignment of interest for a higher market valuation between management and public investors. At least that is my belief up to now.

Indeed it is strange nobody replies. but then: In all the other China microcaps there is no or minimal activity either.

If Northernlight ist sure about the existence and priftability of the business, and I believe that too, then let us hope the "hiiden profit" for us will accumulate more and more.

I still belive it will turn out the right way, even though it may be complicated

[stills999]

How about sticking to the stocks without high insider ownership, where shareholders have more power ... for instance TSTC ... this is not a recommendation but a question.

[northenlightsk05]

Don't buy any Chinese OTC BB stock. That is the lesson I learn from ENHD (go dark), CRJI (go dark) and CSGJ (stop filing at least for now). You just cannot trust these people. I know all these three companies are very profitable.

[northenlightsk05]

He is either travelling and or for other reasons. It happened before. It will be a long journey to get the money back from this company.

[northenlightsk05]

It was from Mr. Yan's (Chairman and CEO assistant) mouth. Not only me and another caller got the same message. Further phone calls recently did not reach him (he did not pick up the phone).

[Rosterman]

Thanks. It seems like in this electronic networked age we would be able to have more transparency even though we are as far as a half a world away.

[northenlightsk05]

Have been trying to contact CSGJ and the guy who is in charge is out of town. If what they said is true, we should expect news soon, probably within one or two months.

[Rosterman]

Is this the better you were speaking of? Long time holder. Is some good news out?

[germoney2]

this is an article from June about the price trend 2011 in China:

CSGj earnings should do very well against this background. If the 2nd half of the year will bring down inflation and thus interest rates as many experts believe, that will revive the construction industry:

Across China, the price of ordinary Portland cement (OPC) 42.5 grew 13.6 percent year-on-year to 420 yuan per ton in the first five months of 2011, of which the price in eastern China posted the highest growth rate of 44.9 percent, reports stcn.com, citing Digital Cement. Cement production nationwide volume grew 19 percent last month.

Demand for cement is mainly dependent on the real estate industry. According to China??s National Bureau of Statistics, investment in the real estate industry grew 34.6 percent year-on-year to 187 million yuan in the first five months, of which residential property investment was 133 million yuan, up 37.8 percent year-on-year.

Digital Cement chief executive Liu Zuoyi was quoted as saying that cement prices are pulled upward by demand as well as the development of large cement enterprises.

In recent years, the cement industry has been highly concentrated. Cement production capacity of the 20 largest cement producers in China increased from 40 million tons in 2001 to 640 million tons last year.

[presence]

I wish they'd merge with CRJI and we'd see life in that stock. Especially after having gotten a more reputable auditor...good luck with CSGJ.

[BigOnChina]

It sounds like in either case now would be the time to acquire shares.

[Minding]

I greatly appreciate your attention on this NL. (And thanks for your message.) My position remains the same: We need to see action, in this case, a 10K, and timely reporting from this company.

Kind regards,
George

[northenlightsk05]

Just talked to CSGJ management. The reason for the delay of 10K filing is because there is consolidationn of cement plants in Shandong province. If CSGJ is acquired by Chinese large cement companies. they would not file 10K and CSGJ will be compensated at much higher share price than the current price. CSGJ president is at capital of the province trying to avoid being acquired. The latest information is that CSGJ will not be acquired. They expect to receive formal news next week.

CSGJ has signed contract with auditor and the auditor will start to audit CSGJ starting next week after CSGJ receives the formal news from the provincial government. It will takes one month to complete the process of auditing before 10K is filed. CSGJ will start to issue news in the next 30 days before the audit is complete including the appointment of new CFO. It is expected that CSGJ will be back to normal in terms of 10Q and 10K filing and issuing news after one month.

Hold your shares and thing should be getting better.

[germoney2]

Hi presence,

that´s exactly the point. We want to discuss with CSGJ-management the options and consequences they have now. Going dark is only one option, saving costs but it does not offer a strategic perspective if it stays like that.
If investors show the CEO they do care about what happens to the company at the stock exchange that may lead to a different decision making. The valuation of the CEO´s share quota (being above 50% in csgj) would as well suffer and be valued at a very low price if an external offer would come later.

And in the end : There is not a lot to lose, as we collect the existing shareholders and bundle their interest.
The fact that alberta collected already more than 1.6 mln shares in a short time is a clear sign investors want to play an active role.

[presence]

Look what happened to CRJI today. They went dark and down went the SP. Be careful, folks.