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I still have my shares.. Any SCEI shareholders-Sino Clean Energy- Ren is in jail in China. Seiden's efforts are paying off.
DGWIY: I was informed by my broker that the ADR will be terminated tomorrow, Nov 20, and I am required to sell all my shares. Today I closed my position.
DGWIY is severely delinquent in filing their Financials and corporate filing obligations to the SEC. On Feb. 20, 2015 the SEC suspended 7 stocks from the Delinquent SEC Filers list, and it is likely that more delinquent Filers will be suspended.
Since Jan 1st, 2010 the SEC has suspended over 1290 stocks for Financials delinquencies. All of those Suspended stocks had their stock registrations revoked.
Shareholders should contact the company and pressure the Mgmt to file their delinquent Financials because ALL shareholders would be wiped out IF the SEC suspends the stock.
DGWIY is on the list of delinquent filers:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110680509
Thoughts on DGWIY?? undervalued? I noticed it the other day.
thanks,
Jason
Cleaning house....should be interesting...being under the cloud ain't good but let's see what happwns
Yes, it is understood that trading was halted -
Does anyone out there (who has a close connection to the company) know why things are halted?
Halted last week...no news released
Why was trading halted - anyone ?
4/26/11
I did not see any shares traded today ?
I dont think a share traded today...
The last halt was a GREAT move and the pps rose about $1/share after it re-opened..
I think this time it goes MUCH higher with positive news....more shorts this time..
This was an IPO ..not a reverse merger..
All they have to do is account for the cash...
They raised over 100 million about 18 months ago..they surely haven't wasted all it..
Probably find out in the morning..
G/L
They have not released the news...You are more than likely correct. There probably some sort of horror behind the news..
Probably just another trading opportunity...if it gets knocked way down, I'll try to play a bottom bounce again with small stakes.
Halted for news..could be over or could be a new start....
Duoyuan Global Water halted, news pendingFont size: 9:22 AM ET 4/20/11 | Briefing.com
Ha... this was a small time trade, but it's good to win regardless. I like this one and should probably keep trading it...will watch for easy opps. I put the cash to work in CNOA...one that has always worked out well for me in the past...hope for a relatively quick double or triple on it. GL
So you are the reason this could not holdits move...Just kidding. Hopefully this becomes one of those depressed company turnarounf plays..
Let most of my 3.70's go for $4.40... a profit in this sector is always great...free stock as profit to hold long term is always good...added another new ticker here with DGW, for verty modest stakes. Maybe this gets back to old highs and up from there in future years?! Worth holding...and so many others are beaten into the ground...will look to find bottom bouncers elsewhere in china micro penny stock land....errr, landmine space.
Thanks...Not sure how long I will stay because this has some shakey foundations...I assume that there has been malfeasance(sp) but maybe there is some core business in the sector that the company may actually be good at but needs real leadership. GLTUA...
Welcome New mod...
Risky play here.. but i have did fairly well ..and decided to hold a little longer..
still holding from the last $3.05 buy..
Any news from the company and this will surge..
G/L
Short term resistance is $4.22....Some more corp governance should get this back over that
This has got to be a tough business in china
DGW could easily be $5+ soon imo...
Should test mid point on bollinger bands near $5.60 I hope.
TA based BUY CONFIRMED...
http://americanbulls.com/StockPage.asp?CompanyTicker=DGW&MarketTicker=NYSE&TYP=S
looks like Support has failed..But i am looking to return...
low float...possible fraud..possibly NOT...
I love these high RISK plays..
:)
DGW has found strong support in the 3.20's range, seems to be ready to take off
Some of these " watch dog " companies like to make fire wood out of fallen tree, how come they didn't report anything last year if they were watching so closely? some thing to think about.
Chart is setting up nicely for a bounce.
Muddy Waters Initiating Coverage
...I like them
http://www.muddywatersresearch.com/research/dgw/initiating-coverage-dgw/
Muddy Waters Initiating Coverage on DGW – Strong Sell
Published: April 4, 2011
Muddy Waters LLC has initiated coverage on Duoyuan Global Water Inc. (DGW) with a Strong Sell rating and an estimated value of less than $1.00.
•We estimate DGW’s actual revenue is no greater than US$800,000 annually, versus the US$154.4 million it claims. Our estimate is based on DGW’s PRC audit report, which is highly reliable.
•Muddy Waters caught DGW red handed forging its PRC audit report. DGW’s actions validate the audit report’s significance.
•Our extensive surveillance of DGW’s factory confirms our revenue estimates.
•We identified four errors in DGW’s US audit, which indicates the auditor was sloppy.
•DGW has much in common with its troubled sister company, DYP. We believe these commonalities further DGW’s fraud.
•DGW engages in improper undisclosed related party transactions that transfer money to its chairman.
That HALT from the compay was a GREAT move...
though i am out....from 3.15- 3.80...
cant complain..but i do think its going HIGHER..
g/l
IF its NOT a fraud..its a GREAT buy..
took a small position today...
lets see what happens the rest of the week..
may hold for a few days/weeks..may bail if it drops hard..
G/L
sold 3.02 +.12 small gain
Thrown out babe or a fraud? I've never traded this one, but I've been very lucky today with trades, and bought some of this is AH at 3.70 with proceeds from those trades.
Wasn't this a $30+ stock...current cash is over $6 per share...book value over $12?!?!?
Worth a smaller trade...as usual will watch for a spike and take stock as profit to hold long term as gains in a tax exempt acct... IF this works. TA says buy..contrarian BUY long term or short term chart...daily or weekly view. Bottom signal...
DGW a fraud?
http://www.muddywatersresearch.com/research/dgw/initiating-coverage-dgw/
DYP on the NYSE has just became DYNP on the OTCBB, both DYP and DGW are sister companies and have the same chairman... this is goin to get bloody I think. I don't hold a position, but have been watching both drop for a while now.
READ, PROFITCONFIDENTIAL IS SAYING THIS COULD BE CORRECTED BY 3/23/11 COULD INCREASE 1200%
www.divergingprices.com/2011/01/duoyuan-?global-water
DGW 12.35 Message board saying Chairman is the same as DYP . I have no clue . Just playing the bounce. Looks oversold
ats the reason for the crash?
Water Pollution is not going away any time soon in China. Beijing knows that it is going to take a major effort--and could be a part of their own stimulus program for jobs.
Company Profile from Yahoo -
>>> Duoyuan Global Water Inc., through its subsidiaries, engages in the manufacture and sale of water treatment equipment in the Peoples Republic of China. Its product categories include circulating water treatment equipment, including electronic water conditioners, automatic filters, circulating water central processors, cyclone filters, and water softeners, which are used in the process of treating water and removing buildup in circulating water systems; water purification equipment that use ultraviolet, ozone, membrane-based, and electrodeionization technologies in the process of treating and purifying water for various applications and end-user customers, including residential communities and commercial businesses; and wastewater treatment equipment, including grit separators, microporous aerators, and belt-type thickener-filter press mono-block machines, which are used in the process of treating wastewater, such as municipal sewage, and industrial and agricultural wastewater. The companys customers primarily consist of wastewater treatment plants, water works facilities, manufacturing plants, commercial businesses, residential communities, and individual customers. It sells its products through distributors. Duoyuan Global Water Inc. was founded in 1992 and is headquartered in Beijing, the Peoples Republic of China. <<<
>>> Duoyuan shares jump 30 percent in debut
Wed Jun 24, 2009 11:30am EDT
* Duoyuan ADRs price for $16, jump 31.2 pct in debut
* Duoyuan IPO raises $88 mln, higher than expected (Adds trading debut)
NEW YORK, June 24 (Reuters) - Shares of Duoyuan Global Water Inc (DGW.N: Quote, Profile, Research, Stock Buzz) jumped more than 31 percent in their market debut on Wednesday, after the Chinese water treatment equipment supplier's initial public offering priced above its estimated range.
Duoyuan ADRs started trading for $22.65, at a 41.6 percent premium over their offer price, before giving up some ground. They were changing hands on the New York Stock Exchange for $20.99, up 31.2 percent, in the late morning.
Earlier Wednesday, Duoyuan priced its ADRs for $16 and sold 5.5 million of them, raising $88 million.
In a recent regulatory filing, Duoyuan had estimated it would price 5 million ADRs for between $13 and $15.
Duoyuan's IPO, the ninth overall in 2009 on a U.S. exchange, comes on the heels of a deal by another Chinese company, chemical maker Chemspec International Ltd, (CPC.N: Quote, Profile, Research, Stock Buzz) which raised $72.7 million after pricing its deal at the top of its range.
Chemspec ADRs began trading at $9.45 on Wednesday morning in their debut, at a 5 percent premium.
The Duoyuan IPO's underwriters, led by Piper Jaffray, have the option to purchase another 750,000 ADRs. (Reporting by Phil Wahba; Editing by Lisa Von Ahn) <<<
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