DBUB Group Inc. (fka DBUB)

[MrPoppaGeorgeo]

Hello-ello-ello-ello...lol

[linkerboy]

I'm still buying. Got some more for 3.5 cents. I still believe this stock can make it. Even at a nickel, still a good buy I think.

[linkerboy]

Me too. I am down over $30K. This stock has a volitale history and can run back up fast. As long as they hold out thru the global recession, we still have a chance. I'm actually going to buy more to double my shares while this low, then my break even cost will be cut in half.

[luuuke]

my god , i will never see my money again

[luuuke]

let hope for some good news friday
if only ...

[RonnieD]

it's been a couple years, but Jason Yuan used to reply
to my emails.
[e-mail]
[e-mail]

[phone] may still be his phone. although I have
no idea if he is still representing the company.

according to filings they just sold 1.08m shs for $ 0.32
and have a new President, who obviously speaks English

Effective as of December 15, 2010, the Board of Directors of the Company appointed Xinchuan Kong as President of the Company.

Prior to his appointment as President of the Company, Mr. Kong, age 35, served as the chief executive officer of Zhejiang Yong Xin Digital Technology Company, a subsidiary of the Company, from February 2010 to present. Mr. Kong served as a project manager at Hangzhou Ruisi Management Consulting Group from May 2005 to January 2010. From May 2003 to April 2005, Mr. Kong served as the assistant to the Chairman of Shanghai Jinjian Food Co. Ltd. Mr. Kong received his Bachelor’s Degree in English from Henan Institute of Education and a Master’s Degree in Economics from Zhejiang University, China

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001076784&owner=exclude&count=40

www.china3cgroup.com


Hangzhou Headquarters
5/F, Binhai Building,
No. 480 Jiangnan Rd.
Binjiang District,
Hangzhou, Zhejiang
China 310052
T 86 571 81603666
F 86 571 81603655
Email: [e-mail]

[drudow]

I appreciate the offer. I have a good friend that speaks mandarin and I use her as an interpretor for documents and phone calls from time to time.

Cynicism is a always good quality to have with the reduced transparency that is inherent within these asian companies.

Best of luck to you as well.

[claphands]

No, I tried contacting them but didn't get a response. I never tried contacting the accounting firm.

I've sold my shares a long time ago. I'm personally pretty embarrassed about owning it. I should have done basic due diligence such as "is there a basic way to contact the company?" Pabrai was right, checklist are important. =P

I'm no longer a skeptic about RTO chinese companies, I'm a cynic. I'm sure there are a few companies that are honest, but the system is very corrupt. It's too easy for these small chinese firms to abuse US shareholder's capital. They often have very funny ownership structures, lack any kind of dividend/stock buyback, and their accounting is absolutely horrible. Often times their net income is much higher than their cash flow from operations - which usually means they are fidgeting numbers.

Don't worry if you can't speak chinese. Just call them up anyways. English is the world language, even if they don't know how to speak it, they will probably get someone on the phone who can stumble through the language for you. If you find a company that you really can't contact because of the language, and it's a phone number that actually connects with someone...you can send me a message. i might be interested in calling them for you.

Good luck drudow.

[drudow]

Did you ever contact anyone? I have tried three different numbers. The IR number and the number provided with the SEC filings both rang without anyone picking up. Somebody answered the phone for the China3C.com contact number,but I do not speak mandarin and she did not speak English so that went nowhere.

I am hoping that the accounting firm is going to give me their contact for CHCG. We'll see.

[saur9681]

Form 8-K release 1-21-11 (Trademark Agreement)

This is an interesting development. It actually appears that CHCG is doing something. I'm anxious to see how their new business model to open franchise stores is working out. We probably won't find out until the very last day possible (following an extension of the filing date) on April 15th... maybe March 31st if we're lucky. This company appears to be enroute to the Pink Sheets, but hopefully they can survive and surprise us all in 2011-2012. Last time I checked, they only have 2 or 3 franchise stores open and haven't fully removed their store-in-store business model. Here's the 8K posting with important parts bolded:

China 3C Group's Subsidiary, Zhejiang Yong Xing Digital Technology Co. Ltd. (“Zhejiang”), entered into a Registered Trademark Transfer Agreement (the “Transfer Agreement”) with Hangzhou Letu Digital Products Trade Co., Ltd. (“Hangzhou”), a PRC company, pursuant to which Hangzhou transferred to Zhejiang its registered trademark, “Lotour.” The registered term of the trademark expires on July 6, 2020. The total consideration for the purchase of the trademark is RMB 2,280,000 (or approximately $345,600), which shall be paid to Hangzhou in the form of 1.08 million shares of the Company’s common stock, using a price of $0.32 per share. Zhejiang’s payment is required to be made within one month after January 17, 2011, the day the Transfer Agreement became effective. Pursuant to the terms of the Transfer Agreement, Hangzhou entrusted its legal representative, Weiping Wang, to act as the beneficiary, to hold such shares on its behalf and deliver all future investment proceeds to be received from such shares (including cash dividend, bonus or other forms of distribution of proceeds) to Hangzhou.

The description of the Transfer Agreement is not complete and is qualified in its entirety by reference to the full text of the Transfer Agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated by reference into this Item 1.01.

On January 20, 2011, Zhejiang entered into a Design and Development Engagement Agreement (the “Development Agreement”) with Shenzhen Kangdewei Electronics Co., Ltd. (“Kangdewei”), a PRC company, pursuant to which Zhejiang engaged Kangdewei to design and develop an electronic book product under the brand name “Lotour.” Kangdewei is required to provide Zhejiang with 100 sets of the electronic book prototype for Zhejiang to inspect and test the market.
The total consideration for the design and development of the electronic book product is RMB 3,160,000 (or approximately $480,000), which shall be paid to Kangdewei in the form of 1.6 million shares of the Company’s common stock, using a price of $0.30 per share. Zhejiang’s payment is required to be made upon the delivery of the 100 sets of the electronic book prototype. Pursuant to the terms of the Development Agreement, Kangdewei entrusted Yong Lian to act as the beneficiary, hold such shares on its behalf and deliver all future investment proceeds to be received from such shares (including cash dividend, bonus or other forms of distribution of proceeds) to Kangdewei. The term of the Development Agreement is from January 20, 2011 to July 19, 2011.

The description of the Development Agreement is not complete and is qualified in its entirety by reference to the full text of the Development Agreement, a copy of which is filed herewith as Exhibit 10.2 and is incorporated by reference into this Item 1.01.

[linkerboy]

me too, i have 30 thousand shares @1.10.,
I hope they can pull it up back up.

[luuuke]

no volume / no news
bought al lot (too much) between 1,14 and 0,40 .

perhaps next year

[TheProfit]

I just found this company, do you think its a good time to get in? Why is it trading so low below book value? Any and all info here is appreciated.
Thx

[fletenpenny]

Good sign how this stock has held over $ .30 now is time Im going to add more to my position. I think the large volume of buying must of been from someone who can see what is happening on the ground at the stores and likes it.

[fletenpenny]

Holding well after the buying last week and no real big sell off. I think this is a great sign of things to come. Who ever bought up all those shares must be holding on!

[fletenpenny]

With a little good news about the progress of the new stores we should see $1 in no time.

[fletenpenny]

Im impressed this stock is holding up this well. I thought for sure it will sell off and stay down. This is a good sign I plan on buying more.

[luuuke]

Nice but still along way to go ...
Some news would be good

[IcePickr]

What happened here? UP 22% today? No News...

[IcePickr]

The iBox is outdated and the most recent Sticky was from March 2009

I applied for the mod position but apparently I'm not qualified. I will try again in a month, if I'm still here.

How embarrassing..... Not qualified for a UNPAID<Volunteer Position.
AND Talk about a bad economy...
I'm Offering TO WORK FOR FREE HERE and still can't get the job. LOL

Anyways, if someone here has some spare timefeels more qualified for this unpaid position, please apply and update the iBox.

Thanks,
IcePickr

[IcePickr]

Top 5 Companies in the Technology Distributors Industry Offering Investors the Best Value (CHCG, MALL, PCCC, GTSI, AGYS)
Saturday 10/02/2010 11:03 AM ET - Comtex Smartrend(r)

Related Companies
Symbol Last %Chg
CHCG 0.239 1.70%
As of 11:49 AM ET 10/5/10

Below are the top five companies in the Technology Distributors industry as measured by the price to book ratio. Often companies with the lowest ratio present the greatest value to investors.

China 3C Group (NASDAQ:CHCG) has a price to book ratio of 0.2x based on a current price of $0.23 and a book value per share of $1.52.

PC Mall (NASDAQ:MALL) has a price to book ratio of 0.7x based on a current price of $6.11 and a book value per share of $8.17.

PC Connection (NASDAQ:PCCC) has a price to book ratio of 0.8x based on a current price of $6.82 and a book value per share of $9.06.

GTSI (NASDAQ:GTSI) has a price to book ratio of 0.8x based on a current price of $7.25 and a book value per share of $9.44.

Agilysys (NASDAQ:AGYS) has a price to book ratio of 0.8x based on a current price of $6.65 and a book value per share of $8.21.

SmarTrend is bullish on shares of MALL and our subscribers were alerted to Buy on August 02, 2010 at $4.32. The stock has risen 41.4% since the alert was issued.

Write to Chip Brian at [e-mail]

[IcePickr]

RSI & MACD have been climbing. Looks like we could break the 50 day MA @ .24

[IcePickr]

Looks like this found a bottom @ .21 in September

[IcePickr]

YTD Chart

[motsam]

Here's the number I have:
Tel: [phone]

[claphands]

contact information?

I'm trying to get a hold of their IR or their office in hangzhou - does anyone have their contact information? The number on their site doesn't work nor does the number on their SEC filings.

chinese contact number is fine, I'll have a translator.

thank you!

[RonnieD]

what's wrong with these guys ?
what a pitfall.
does China economy stink that bad ?

[mauiguy2]

Not a good looking report. I'm out.

http://biz.yahoo.com/e/100517/chcg.ob10-q.html

[*MARINE 1*]

Is this alive?

[RonnieD]

book value is still around a dollar per share.
very nice detail in the full 10-K.
2,205 full time employees is pretty large.

http://www.sec.gov/Archives/edgar/data/1076784/000114420410020589/v181171_10k.htm

[linkerboy]

i am still hanging in at $1.52
got stuck awhile back at $6.60 but have been buying to average down. when will this ever take off ???

[mauiguy2]

We're up 18% at 1.80. I couldn't find any news...is there?

--------------------------

Whoops! Sorry! Wrong stock...I was referring to CHGI

[joenatural]

The 4th quarter is going to be lousy according to the company and we all know that. What I want to hear is some sort of guidance where things are turning around.

[veggix]

Still holding to...
I bought a bunch at 0.45.

I believe the market is expecting bad results for this Q, but maybe we have a surprise due to the amazing numbers related to china retail sales numbers of the last Q of 2009.

Take care

[linkerboy]

Looks like nobody is here but I hope chcg has a HNY too. I'm still hanging and waiting...

[veggix]

I fully agree CSP.
Take care and a happy new year.

[BiotechValues]

Added more at .46 today.

$1+ next year IMO!

[grass7319]

ChinaStockPicker,
Thanks for the reply.(Sorry to clutter the board,Folks. Have to figure out how to make a private reply in the future.)

Agree that unless Management is completely incompetent, risk of owning below cost is significantly reduced. Will look to start a position (small) today.

Thanks again,
grass

[BiotechValues]

grass7319

I have never met, or spoken with management so can't say with any real confidence, much about them.

I do give them credit for warning shareholders more than once that 2009 was going to be a difficult year for them as they adjust/reshape their business model though.

If the stock were at $1 here, I wouldn't be as confident in buying- but at current prices (below cash on hand), and electronics/gadgets growing in popularity in China in general as their economy roars ahead (in comparison to the US economy anyway), I think the risk/reward is good.

[grass7319]

To ChinaStockPicker:

I'm interested in this turn around play. Was wondering how well you know management? ( Do they have a track record) as far as your expectations for them to be able to execute a business plan going forward ?

Your input would be greatly appreciated.

Thanks,

grass

[kuwlness]

Finally re-invested here ... company could turn the boat around next year.

Dont they have aboout .40/.50 in cash anyway? Gambling money, worth the risk IMO

[BiotechValues]

I have begun buying in the low .40s.

To management's credit, they did warn that this year would be difficult as they restructure.

That restructuring should be nearly complete and CHCG is trading well below cash/share at this point.

I don't recall ever losing money when I bought a stock at a Williams % R of -80 or -100 that's trading for below cash. This is one helluva oversold stock now, and CHCG has excellent potential to be a strong turnaround 2010 play.

Risk/reward looks favorable at current levels IMO.

[DOLLARLAND]

According to their PR this morning, the results are in line with guidance. I wouldn't be surprised to see some selling, but I don't expect a huge drop today.

Interesting spread pre-market: Bid .60, Ask .59

Rhino

[war_eagle]

I used to own this stock and sold after the second quarter because they are going in reverse. By their own estimates, I figured they were going to break even the last two quarters of 2009 which was bad enough but a .03 loss?? I doubt if that was factored in.

[DOLLARLAND]

We should be getting a PR before the market opens tomorrow, according to a post on Yahoo.

[DOLLARLAND]

I think a bad quarter was to be expected and probably priced into the stock already (I hope).

Rhino

[BiotechValues]

q3 .03 loss vs. .12 for comp. q.

ouch.

[Kurupt]

nv....The report of China 3C Group (the “Company”) on Form 10-Q could not be filed within the prescribed time period due to the fact that the Company was unable to finalize its financial results as well as the disclosure requirements of Form 10-Q without unreasonable expense or effort. As a result, the Company could not solicit and obtain the necessary review of the Form 10-Q and signatures thereto in a timely fashion prior to the due date of the report.

[Kurupt]

GoodEvening board, Listening for the 10Q carefully. I think we should be able to tell quite early this week how its going to look. Still have not bought in yet waiting to see how market is going to react if its late.

[RonnieD]

yup. :)

looking forward to report/news/conference call