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He is not allowed to do that without disclose the financial report.
If Mr Shi was willing to buy around a price like that, wouldnt he already be buying them off the pinksheets?
Northen:
I still hold 98,100 shares. You have my permission to negotiate for best offer on these shares.
Al
Thanks northen, I still have 190,000 so <$2 would still be a miracle recovery vs recent prices...keep us in the loop...Thanks
Hi KiK,
I talked to their lawyer in Shanghai last year. He asked me at which price I would be willing to sell. I told him $2 per share. He asked how about <$2 per share. I asked him to give a number. He said that he would need to discuss with Mr. Shi and asked me to call him back after Chinese new year. I have not called him yet.
ENHD was very profitable in 2010. Based on the tax number on their website, they probably earned about $1.68 per share. 2011 tax number has not yet reported on their web site. I think that they want to list in China. But it may take a long time. It is going to be dead money in ENHD for a while.
Northern
ENHD 2.05 is my final offer!!!
It does for me; hearing something?
Does $2 offer work for your falks?
Tevn I completely agree and support what you are doing.
Our hope is that he wants to list in Hong-kong or somewhere.
I don't think we should easily accept $1 dollar offer. the company is making a lot of money.
1. We need to use whatever means we have;
2. We need to out-patient this scumbag.
I don't think we should easily accept a low price as $1.
Our only hope is that he really wants to list somewhere else. Then we can start to negotiate. The fair price is over $10. But you are happy with $1 without a fight?
Just let Shi the scumbag know: we are patient. We are more patient than him.
I only have 3000 shares, but you can add me to your list. I can email you if that helps any.
SIAF is a china pinky that's paid me some divvies! Easily done for sure.
I'm in well over a 100 of these china plays, small stakes, most are real stinkers lately...but like SIRI off it's lows, these stocks can soar again, even more perhaps.
Ironic that many of my china stocks came from gains off SIRI purchased in the .056 to .13 range....swing traded on the bounces etc. I have more than half of the china holdings as "freebies" from buying lower, selling higher and keeping stock as profit. Unfortunately so many of the stocks have cratered by 90% or better...so small, freebie stakes are often not worth much now.
I hope many are diamonds in the rough. ENHD could certainly be one of them, very good odds relative to some of them...
I like JADA. HFGB might be worth a look too. CHGY is way higher grade. FEEC as well.... so many!!
GL, and thanks.
Buyout would attract vulture lawfirms and could get very time consuming and expensive. PE firms may not be interested to help move them to HK or Shanghai because of the potential minefield and many PE firms will not trust a company that did something stupid like go public in the USA. They needed expansion capital I know but nobody expected the china small cap RTO bomb to go off like it did. So we minority shareholders are bearing the brunt of this problem since the decision to go public initially was flawed and to go dark even worse. What can be done?
We need to convince Shi that we hold some bargaining chips in the form of legal crapola that would really complicate his life. For example the stuff I posted about shareholder oppression lawsuit and violations of Nevada statutes.
I'm suggesting some form of dividend along with distributing financials would go a long way to help ease our pain. People say dividend cannot be done due to China currency problem but seriously, they deal in an international commodity. Just sell small quantity of product in Hong Kong ang get paid in convertible HK dollars. Then use the HK dollars to pay a dividend. Just a thought, I'd be happy to wait if they would pay up a 3-4 ct dividend each quarter and provide some financial reports.
Hi venturist,
Good to see your post. ENHD is a very profitable company for sure. I think that they will eventually want to list in China. If so, they would need to buy shares back from us. But I don't know when. It could be 1 year or 3 years. Who knows.
Northern
$2 per shares is way too low...we'd be getting robbed, but I suspect that is exactly the plan.
Hi NG
I had talk to you 3 tjmes last yr and I still hold 204k shares. I hope Shi buys our shares at 2$ a share.--rex
Nothing is certain. That is why it is 8 cents. But I am wiling to take some shares at 2 - 6 cents for a gambing.
You can buy it now for only 8cts if you are a true believer. My point is nobody can tell what the value is without the financials and the market value reflects it. Its really unusual for a company to go dark like this without a subsequent tender offer and those that do are almost always financially weak, they invariably end up as penny stocks.
This one is very different since the last SEC financials showed a very healthy and growing concern. Minority shareholders need to band together and communicate our dissatisfaction. Nevada corporation statutes have certain requirements and what they are doing basically amounts to minority shareholder oppression.
How hard would it be for them to just post an update of their internal company financials on their website or on pinksheets? If you have the CEO's ear perhaps you might pose this question to him?
Nice to know that many would take $1 per share. I may be in a position to talk to them.
Thanks but this is only to organize the small number of shareholders at this point into a group. Perhaps it would make it easier to deal with Mr Shi in the future, however at this juncture it is very premature to attempt to negotiate any price.
I'm sure some folks would probably take anything above $1 but really we need some financial information to know what is acceptable. The point of this exercise is to gather information and just send Mr Shi a friendly note that we would like for him to fulfill his duty under our laws which is to keep the Nevada corporate shell filings updated and provide minority shareholder with financial updates.
If your earlier post that the earnings were over $1.65 per share for 2011, a fair price would certainly be over $10 per share. Would he be willing to pay a fair price? Probably only if he wanted to immediately turn around and file to go public in China.
Just sent to you. Let's me know at which share price your group may be willing to accept the offer.
Not sure what is the problem, I have received about 10 reponses to date but only tally about 350k of shares so far. If you and your associate would kindly join this list we would have almost 1.2MM shares which is almost a quarter of the public float.
Please do try again... enhdgroup@yahoo.com
Your e-mail address does not work.
Wow, that's a significant number between the two of you. If I'm not mistaken there are only like 4MM shares outstanding.
I'd really appreciate if you two could sent a message to enhdgroup@yahoo so i could include you on the email list.
I'm not going to do anything rash but thought it'd be smart to be able to deal as a group if it becomes necessary
Saw your posts. I own 493K shares. Sold some shares last year around 0.5 - 0.55. But added back 65K at 0.0398 - 0.045 in January this year. Just added 11K at 0.06. I was the buyer causing the volume if you wondered. I believe that Jim owns about 400K shares. Have not given up on ENHD yet. Still think that they will eventually buy shares back from us.
From the tax they paid last year (from their Chinese website), it looks like that they earned about $1.68 per share last year. Not sure whether or not this included the feed and breeding groups of business.
Good luck to your effort.
Trying to form a group for ENHD shareholders
On the yahoo board we sort of decided the minority shareholders should form an association of sorts to try to contact the company and figure out what is the company's plan regarding financial reporting, corporate governance, updating the Nevada registration or just hijacking the company since they have allowed the filings to become delinquent. We think it is important to let the company know they have shareholders who can act in unison.
Please send me an email to enhdgroup@yahoo.com and let me know the number of shares you hold so we can tally how many shares we could represent. I guarantee confidentiality but will eventually report back how many total shares we can represent. We are thinking of calling our group "mensa"... minority energroup shareholders assn since we are all so smart to have invested (pissed away?) our hard earned money in this thing.
A little buying here--- could an announcement of something be coming?
As far as I know, the company is still in business, selling products- just not reporting in the U.S..... maybe they have decided to list somewhere else?
Here's more:
The officer listed at 12890 HILLTOP ROAD argyle is Halter Financial Group. That was the underwriter for the reverse merger. The website is http://www.reversemerger.com/
They have an office in Shanghai. They've done a bunch of RTOs.
Here's a start:
According to the business directory of Nevada, the company has a revoked status:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=dgqHnfSCsFa%252bJtP4j4uqkw%253d%253d&nt7=0
They give TIMOTHY P HOLTER as an officer.
If anyone lives near Nevada it could be good to call and find out why it was revoked, did the company provide any reason, etc..
Contact info:
Secretary of State
Nevada State Capitol Building
101 North Carson Street, Suite 3
Carson City, NV 89701
Phone: 775-684-5708
FAX: 775-684-5725
Email: sosmail@sos.nv.gov
There are many shareholder advocacy groups here that can do as i suggest. Need to goto court in Nevada and attempt to replace the board of directors of enhd since it has been abandoned. Then a new board can simply sell the company or cause all assets from the subsidiary precious sheen to be distributed upstream to the parent enhd. Then it can get very interesting and all sorts of discomfort can be heaped upon Mr Shi.
I will not provide specific examples but in China there are lots of rather unsavory types that can do something simple like take pictures of all the managements families and make a suggestion they deal with this situation. Just the power of suggestion alone is sometimes worth thousands of lawyers words.
IHub has been having a "happy hour" between 4 and 5pm (Eastern Time)
where free members can send private messages, and use other premium features.
Perhaps others could send you their email addresses during happy hour, if you are volunteering to collect the names and contact info, and draft some sort of letter to ENHD management.
Good luck!
Guys, I wonder if there is anybody interested in exchanging info and unite together to push ENHD management to do something?
Please drop a line. I suggest we exchange our contact info such as e-mail address. The ENHD management wants to leave us. We need to do something to make him feel uncomfortable.
I am not sure if I fully understand your point. But I sure think we should certainly employ some legal leverage to do something.
Shi is just another crook that think he can get away.
This company is very pathetic but there is apparently a real business behind it. You can see they allowed their nevada corporation filings to become delinquent so i think its pretty much gone from the USA markets. There was some talk a while back about them going public in hong kong or something but it won't happen because they won't meet filing requirements, this is just a subsidiary of a bigger company and the public shares represent less than voting power. Its easier for them to just slink away in the night.
Since they apparently have abandoned the NV corporation i think the way to deal with these guys is for the shareholders here to form a group and hire an attorney to take over the abandoned corporation shell in Nevada. The NV company would appoint officers and become current so they can file a lawsuit using USA courts. The company owns 100% of the BVI holding company so this needs to be disincorporated and all assets (the stock in DC group) distributed to the USA company ENHD. Then the USA company is holding the DC group shares directly and could pursue a case in Chinese court for equity. In the meantime the group needs to start a Baidu smear campaign against the company alleging all sorts of wrongdoings to get Mr Shi to pay some attention. For example, food contamination, water pollution, acid waste dumping, etc. You can only get their attention by hurting them where it counts. IMO its the only way to deal with this guy.
i would like to know if this pig farm is still a subsidiary of the enhd holding
the ceo of enhd should speak a word to the us investors.
Thanks for posting-- I'm still hanging in there! Why not--- not much downside from here!
This company has renewed its website:
http://www.chuming.cn/docc/index.asp
It is at least still active.
yep...minimal news could spark a ten bagger!
Seems like volume has picked up a bit in the last week or two. I am hopeful that the activity is a harbinger of some news, to let us know what management intends to do with respect to all of us U.S. stockholders.
I am sure ANY news would be appreciated, and some indication of what the company intends to do to buy out or otherwise deal with U.S. holders would be VERY MUCH appreciated.
.25. Nice...might not hold with a bid at .13, but at .25, I'm in the money with ENHD...not so bad considering what a POS it's been as a non reporting pink sheet. Glad I averaged down at .10! Good luck...I hope some more of you are climbing out of this hole too.
HOLD and let the buyers drive it up imo...could be a ten bagger from here just to get to where it was oversold!! Insane sector here and anything can happen...probably will too.
GL
well...maybe somebody who bought at $2++ decided to clear out their account!? Can't blame em, although my strategy is typically to attempt to average down on extreme bottoms to greatly lower my breakeven...which often makes an exit quicker in terms of locking in "free ride" shares for the long haul and getting the original cash back out for chasing new stocks.
Who sold 25 shares at 0.125? just to paint the tape?
my take is that this stock, although much unnoticed, is being manipulated. Let's hope something is going to happen. it can't be worse. Only be better.
Who sold 25 shares at 0.125? just to paint the tape?
my take is that this stock, although much unnoticed, is being manipulated. Let's hope something is going to happen. it can't be worse. Only be better.
woo hoo. My .10 ENHD shares are in the money. LOL. But it's nice to see .125 bid with no sellers until .24! Finally turning back up I hope...and the china sector seems to be improving in general, but horribly "undervalued".
My gut is that this will be a $2 stock again some day with patience...with lots of upside from there. Of course, I'll pull my modest stake of capital out early and ride free shares with any good luck at all!
Good question? I would assume yes, there is a responsibility to shareholders and a potential lawsuit. But who knows...my stake here is much smaller than yours...I'm diversified to an extreme, but sleeping well.
I also added more. I now have 50k.
But my question is if they choose to stay like this forever, is not there any legal measurement we can resort to?
I nearly tripled my modest stake in ENHD at .10 today...pure gamble, but CAAH went on a tear, so I finally got my capital out of that and more free ride shares there...freed up some cash to gamble elsewhere. Put some in here...hope to see them move to Honk Kong and buy us out at $2 per share??? They can easily afford to...
wishful thinking?? who knows...but it's nice to have my average cost way down after thinking I was "stealing" shares in the .50's and low .30's!!
I always wonder if those newly merging companies that are profitable are considering expanding operation into the US.
It's a moot point here though.
In Reply to 'illegal_alias'
Karin, yes, a shame, but at the end of the day, it never made sense for ENHD to be publicly traded as the vast bulk of their sales were in China and a significant portion of that to the state. Also, they were/are very profitable with little or no need to raise additional capital. From a purely business point of view, they are better off being private. Ditto XNYH, YHGG and a host of other Chinese r/m merger stocks. The people who took them public were the ones who made the most $$ and those of us who got in early and (with luck) out before it was too late.
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ENERGROUP HOLDINGS CORP (ENHD)
ENHD filed a form 15 on 1.3.11.
http://www.sec.gov/Archives/edgar/data/766659/000110465911000014/a10-24440_11512g.htm
Applicable rule provision is 12g-4(a)(1)
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number 000-32873
http://www.chuminggroup.com/en_index.asp
Pink
Company Information:
No. 9, Xin Yi Street
Ganjingzi District
Dalian City
Liaoning Province
PRC 116039
Phone 860-411-867-166-96
Phone 86-0411-395-027-77
Fax 86-0411-867-166-90
CIK
0000766659
ENERGROUP HOLDINGS CORP, an overview:
We are a meat processing company that specializes in pork and pork products. We have a unique wholesale and retail distribution model and sell directly to over 9,200 retail outlets, including supermarkets and hypermarkets across Northeast China.
Dalian Precious Sheen Investments Consulting Co., Ltd., or Chuming WFOE, is our holding company established in the People's Republic of China (the "PRC" or "China") as a holding company for our three PRC operating subsidiaries, referred to elsewhere in this report as the "Chuming Operating Subsidiaries":
1. Dalian Chuming Slaughter and Packaging Pork Company Ltd. (also referred to in this report as "Meat Company"), whose primary business activity is acquiring, slaughtering and packaging of pork;
2. Dalian Chuming Processed Foods Company Ltd. (also referred to in this report as "Food Company"), whose primary business activity is the processing of raw and cooked meat products; and
3. Dalian Chuming Sales Company Ltd. (also referred to in this report as "Sales Company"), which is responsible for Chuming's sales, marketing and distribution operations.
The Chuming Operating Subsidiaries are spun off constituents of Chuming's former parent company, Dalian Chuming Group Co., Ltd., or the "Group." Our primary business activities are the production and packing of fresh pork and also production of processed meat products for distribution and sale to clients throughout the PRC. We are headquartered in the City of Dalian, Liaoning Province of China. Chuming WFOE was incorporated in China as wholly foreign owned enterprise on in December 2007.
Management:
Shi Huashan
President and Chief Executive Officer
We are the first pork producer in China to receive "Green Food" certification from China's Ministry of Agriculture. Green Food is an
innovative certification program unique to China that is awarded to food processors who produce using environmentally sustainable methods and
meet certain high technical standards of quality control, safety, and product quality, and generate low levels of pollution. The Green Food
certification is based on standards defined by the Codex Alimentarius Commission ("CAC"), a joint body of the United Nations Food and
Agriculture Organization and the World Health Organization. We also received ISO 9001:2000 certification that covers our production, research
and development and sales activities.
Company Videos:
Videos highlighting the company and an advertising spot are in Chinese, but, may be of visual interest for non Chinese speakers:
http://www.chuminggroup.com/en_media_play.asp?id=13
http://www.chuminggroup.com/en_media_play.asp?id=14
Press Releases:
http://finance.yahoo.com/q/h?s=ENHD.PK+Headlines
Common Shares:
Authorized
21,739,130 as of June 30, 10
Outstanding
21,136,392 as of June 30, 10
Preferred Shares:
Authorized
10,000,000 as of June 30, 10
Outstanding
0 as of June 30, 10
Transfer Agent:
Western States Transfer and Registrar, Inc.
1911 Ryan Park Ave
Sandy, Utah 84092
Phone 801-523-1547
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