Flurida Group Inc. (fka FLUG)

[Renee]

FLUG 1 for 500,000 Reverse Split will be effective 1/18/2018. Shareholders with less than 500,000 shares will receive $0.20/share prior to the split.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[Otcstockrevolution]

Another beauty in the rough. Why is no-one else talking about this gem?

[otcbargains]

Nice growth here. I see this is an active board.

[Big Brother]

After 3 years Flurida is about to sign a big mass production contract with General Electric......of course there will be no PR or interest from investors....lol.

http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.flurida.com.cn/pages/fl_news_itm.asp%3Fnwsitm%3D520&prev=/search%3Fq%3Dhttp://www.flurida.com.cn/pages/fl_news_itm.asp%253Fnwsitm%253D520%26biw%3D1280%26bih%3D614

[db7]

for a while after the ask hit GLED stayed there showing the same size...

i wonder if someone is just content holding it in this range for now(?)

[Big Brother]

Hmm...I see that, about 5X the average volume, maybe something is up.

Your right about GLED buying all day at .101, wonder why every time someone slaps the ask there is also a big bidwhack shortly after??

[db7]

interesting little vol spurt

[db7]

ze_gg.. yep that one makes me mad b/c i passed on a 500k .04 ask for months on end ... considered it but never pulled the trigger...oops

[Big Brother]

Was looking at a new Chinese RM yesterday, ZE_GG, could have loaded up @.05 -.06 but second guessed myself thinking investors wouldn't have much interest in it because:

A: it's Chinese
B: they are doing a 1:4 r/s
C: after the reverse it's probably going to be highly illiquid as the ss is going to be something like 6M o/s and 1M or less float.

Instead it took off today and could have been an easy double or better for me.

It just so difficult to predict what Chinese companies will do. I personally think this one could run big and easily someday, it has a lot of the things I look for in a stock, however, then again it could be illiquid for years just as easily.

[db7]

I know a lot of chinese companies seemed to go public when things were hot for Chinese listed companies. Once that all started to be questioned it seems several just gave up.... stopped reporting.....etc

I don't think that's the case here.. I'm assuming either:

1) they don't know any better and what it takes to create a market

2) they have a plan but just haven't done it yet

thanks for your efforts!

[Big Brother]

Didn't have any luck getting a hold of these guys. Don't think I'll ever understand why companies spend the $$$'s to go public then don't communicate with shareholders or do anything to help create a market for their stock....whats the point....mine as well stay private.

Too bad because this appears to be one of the more legit OTC Chinese companies I've run across. You got to assume they were vetted pretty thoroughly when they struck that deal with Electrolux several years ago.

I think this is one of the first foreign OTC companies that I've run across which derive such a large amount of revenues from a Global Fortune 500 company.

[db7]

I'd be interested in how it goes should you contact them...thanks !

[Big Brother]

Perhaps I'll try and reach out to the company and see if I can get an answer to this asset question.

Plus I can gauge how well they communicate with potential investors and shareholders.

The extreme illiquidness does concern me here but I might grab some if they are planning to start communicating with shareholders again through PR's and such. It does look like they had an IR firm at one point called, Pivo Associates, however, I doubt they represent them any longer.

[Big Brother]

Here is some more detail on the products they make and their facilities, customers, etc.

http://flurida.com/documents/catalog.pdf

[Big Brother]

Yeah not sure what to make of it, they'd probably have another $100M or more in assets if they claimed them in their filings.

Also, I think the one factory alone, Chuzhou Fuda Mechanical Electronics Co. Ltd, has around 1000 employees, yet they are not claimed in the filings either for whatever reason.

Manufacturing Locations


In China, our fully-owned manufacturing sites are located in three locations:
Qingdao, Shandong
Chuzhou, An'hui
Quanjiao, An'hui
Please contact our professionals for more information on our diverse design and manufacturing capabilities.

Qingdao Fubida Electronics Co. Ltd.
Molding, refrigeration control assemblies, and plastic molding parts

Chuzhou Fuda Mechanical Electronics Co. Ltd.
Icemakers, ice water dispensing systems, motors, DAC & Control boxes, molding parts, other refrigeration assemblies and tooling

Anhui Fuda Mechanical Electronics Technology Co., Ltd.
Ice & water products, GPS devices, LED products, water filters
The manufacturing facility will start running since 2014.

[db7]

really nice building! Odd that it's not in their assets... especially since they passed SEC audit?

[Big Brother]

Here are a couple of images I was able to find of their 100K sq ft manufacturing plant in China, Chuzhou Fuda Mechanical & Electronics Co.

The website says this is fully owned by the company, yet does not show up in their assets for some reason, not sure exactly what the deal is there.

http://flurida.com/Pages/fl_mfg.asp

Chuzhou Fuda Mechanical & Electronics Co., Ltd. owned 100% indirectly by Jianfeng Ding and Yaru Huang, husband and wife is an appliance components and sub-assemblies manufacturer established on March 18, 2008. Chuzhou Fuda is located in Chuzhou City, Anhui Province, China. The plant space is around 100,000sq. ft. with 18 molding machine up to 800 metric ton and 6 assemblies lines for appliance components and assemblies.

[Big Brother]

Crap wrong link, actually this link is for a job fair held in China for one of FLUG's factories on Jan 25th.

http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.yingjiesheng.com/job-001-728-431.html&prev=/search%3Fq%3D%2522Flurida%2BGroup%2522%26start%3D10%26sa%3DN%26biw%3D1151%26bih%3D732%26tbs%3Dqdr:m

Chuzhou Fuda Machinery & Electronics Co., Ltd.
Recruitment pamphlets
Chuzhou Fuda Machinery Electronics Co., Ltd. is a wholly owned subsidiary of American Fidelity Group (FLURIDA GROUP INC.) Set up in Chuzhou. Fidelity Group is headquartered in Los Angeles, has two factories and R & D center in Qingdao, China, has a factory, mold manufacturing and R & D centers in China Chuzhou, in Chicago, USA and China Shanghai, Chongqing , Shunde, with offices in Hefei place. Fidelity Group design, development, production and sales in one, is one of the largest home appliance parts suppliers in the world. The main products include refrigerators, built-in automatic ice maker and ice out of the water system; air-cooled motors; temperature, flow, time control systems; lighting and LED display system. Fidelity Group's major customers are in the field of home appliances: Bosch Siemens Corporation, the U.S. company GE, Electrolux, Liebherr, Italy's Merloni company, China's Haier Group, Hisense, sound, Gree, Midea Group, Meiling and new appliances and other famous flying appliance manufacturers. Fidelity Group Chuzhou, China will build the world's largest ice machine ice water system production base and research center -.
· Fidelity Group (FLUG.OB), a listed company registered in Nevada, Los Angeles, Chicago and has offices in Qingdao China;
· Fidelity Industrial (HK) Ltd.
o Elpida Electronics Co., Ltd. Qingdao Fu
o Qingdao Fu Rui Mechanical Electronics Co., South Africa
o Chuzhou Fuda Machinery & Electronics Co., Ltd.
o Electronics Co., Ltd., Chongqing Fu Road
o Fu Road Shanghai International Trade Co., Ltd.
o Shanghai Fu Road International Travel
No.
Post
Specialty
Number of people
Educational background
Claim
1
Intern
Mechanical Design
7
Bachelor degree or above
1, in the school with honors;
2, strong communication skills and language skills, strong affinity;
3, strong sense of learning, initiative, able to work under pressure;
4, has the ability to take the initiative to learn and master new technology;
5, able to skillfully operate a computer and office automation software;
6, practical work hard during the school as student leaders or part-time work experience is preferred.
Industrial Engineering
7
Telecommunication and Information Engineering
3
Mechatronics
4
Mold Design
5
English
4
Development: by the relevant departments of the company operating the process of learning to master the basic skills to work in various departments, able to conduct an independent part of the work, outstanding performance after graduation as a priority target selection, becoming full-time employees.
Posts: R & D personnel, business, overseas sales, the President's Office
Benefits:
1, the company offers free meals at noon;
2, the company provided free accommodation;
3, gift or bonus payment of statutory holidays, annual year-end bonuses;
4, a Division I formally employed, shall pay five insurance, housing fund to pay part of the job;
5, according to the company annual operating efficiency and price increases, the wage adjustment;
6, the summer release high subsidies ,100-120 yuan / month;
7, job subsidies distributed key positions.
8, the company gave the majority of job seekers to provide a good platform for the development and promotion of equitable mechanism.
Contact:
Contact: Chen Ting
Phone: 0550 - 7128909 18098357550
E-mail: [e-mail]
Website: www.flurida.com.cn
Address: 2118 Avenue Chuzhou fengle number (500 meters south of the Yangtze River commerce or a mere 4, 15, 18 bus to stop that is to awe-inspiring international)
[2014-1-25 11:58:57] [ Close ]

[db7]

isn't google translate a great thing...

[Big Brother]

Here is a link to the news where Procon and FLUG will work on a joint venture supplying the Chinese government, among others, with GPS systems.

[July 2013] GPS tracking system cooperative projects


July 31, 2013 one of America's largest supplier of GPS tracking system PROCON CTO visit to China, visited the factory and Fidelity Fidelity Chuzhou cooperative enterprises in the country. Cooperation on the project is expected to begin operation in 2014, when the two sides will set up a joint venture for the Chinese government, insurance, logistics industry and other business users, providing the world's most advanced GPS tracking service.

http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.flurida.com.cn/&prev=/search%3Fq%3Dflurida.com/cn%26biw%3D1151%26bih%3D732

[Big Brother]

8-K filed on Jan 16th, provides more detail on this GPS, joint venture with Procon.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9712527

[Big Brother]

Very minimal dilution here, in fact the outstanding shares has only increased by 300K since 2008.

[Big Brother]

Flurida Group, Inc

http://www.flurida.com

If this wasn't so illiquid I'd buy this. While it is Chinese they do have an office/warehouse located in the US and export products to the US, in fact their biggest customer is the multi-Billion dollar appliance manufacturer.... Electrolux.

http://en.wikipedia.org/wiki/Electrolux

It also looks like they have something going on in collaboration with the Chinese government and a US company called ProconGPS that will roll out in 2014.

http://fulugps.net/

http://procongps.com/

[Big Brother]

Looks highly undervalued even for a Chinese stock but is so incredibly illiquid, looks like it only traded a handful of shares in 2013.....crazy.

Date Open High Low Close Volume
Dec 2, 2013 0.13 0.13 0.13 0.13 41,530
Jun 19, 2013 0.10 0.10 0.10 0.10 5,000
Jun 4, 2013 0.15 0.15 0.15 0.15 17,720
Feb 15, 2013 0.15 0.15 0.15 0.15 5,000