Fuqi International, Inc.(fka FUQI)

[surfer44]

Annual Meeting Scheduled For October 20 In Shenzhen

http://www.envisionreports.com/FUQI101216/2016/1B812OC16/Documents/Fuqi_Notice_of_Meeting_16578_Proof_1.pdf

[surfer44]

Sets Record And Meeting Dates For The 2016 Annual Stockholders Meeting

http://www.prnewswire.com/news-releases/fuqi-international-board-sets-record-and-meeting-dates-for-the-2016-annual-meeting-of-stockholders-300326240.html

[Buckey]

for fun looked up this
http://www.fuqiclasssettlement.com/

only because I received another one today for ADNC from 2012.

anyway a fairness hearing for FUQI in Feb 18th ironically enough. Other than that I haven't a clue - It is only 2nd class action I ever joined. Most ones I get in mail I only owned the stock a day or two and didn't have losses or not enough to bother with. best guess on this on is I get $20 cheque

[surfer44]

fka FUQI: PR for settlement

http://www.prnewswire.com/news-releases/plaintiffs-lead-counsel-announces-settlement-in-re-fuqi-international-inc-securities-litigation-300015944.html

[surfer44]

fka FUQI: I received a claim form in the mail today. There will be a settlement hearing February 19,2015 at the U.S Court House, 500 Pearl Street, New York City to establish a fund of $7.5 million for shareholders who held stock between May 15, 2009 and March 27, 2011.

[surfer44]

NOTICE OF PENDENCY AND SETTLEMENT OF ACTION: FUQI

I received papers in the mail this week regarding a settlement with FUQI. From the papers is this: "Insurers shall pay on behalf of the Individual Defendants $3.25 million".

[rpmckernan]

Yes well we have the matter of the upcoming shareholder meeting to talk about. I will try to attend but if I cannot due to schedule conflict then I hope that someone else here will go and report back. The problem is that unless that meeting occurs we will not get any more info from the company. When progress stops then there is nothing to talk about and this will be officially dead.

[integral]

FUQI = Symbol not found. No the board will stay here if people keep discussing it. But it is difficult to talk about a stock when it no longer trades.

[fallingknife777]

Will FUQI message board go down?

Will this message board disappear now that FUQI has been deregisterd by the SEC?

[Renee]

FUQI revoked:

http://www.sec.gov/litigation/admin/2013/34-69895.pdf

[pattiofurniture]

in that case i would buy more

[SPM555]

Hey, well it's going in the wrong direction now. I think this could be a good trade IF it breaks and holds above 1.50, but at the moment it's not looking like it will.

[dannie30]

hi, i have followed this stock since end of 2012 but not bought a share from it.

[SPM555]

$FUQI's been heating up lately, imo it should start to run again if/when it breaks back above 1.50. Keeping it on radar for now.

[suntzutrade]

http://www.fuqi.com.cn/cn/

[suntzutrade]

3.80. almost 4.

[suntzutrade]

I totally agree, their next step is to get Nasdaq compliant

[suntzutrade]

Fuqi has a new CEO

[jakethartman]

Sleeping GIANT about to awaken!

[zeeeee]

Whats the live price someone plz?

[*MARINE 1*]

Robbins Umeda LLP Announces an Investigation of Fuqi International for Shareholders?

Not good!

[geopic]

Great, IH, the detailed quotes are now working.
Thanks,
g.p.

[fAtnhapy]

It did. It's already been delisted from the nasdaq to pinksheets.
fAt

[geopic]

Could be a Trader's stock.
The NASDAQ delisting may come from this:

"FUQI International Announces Status of Audit
FUQI International Announces Status of Audit
Mar. 28, 2011 (PR Newswire) --

SHENZHEN, China, March 28, 2011 /PRNewswire-Asia/ -- FUQI International, Inc. (Nasdaq: FUQI) today announces that it has received a letter from its independent registered public accounting firm, Marcum LLP ("Marcum") pursuant to Section 10A(b)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), regarding an internal investigation conducted at the request of the Company's Audit Committee relating to certain cash transfer transactions involving the Company. The completion of the audit of the Company's 2009 financial statement has been delayed due to the internal investigation into the cash transfer transactions.

Background of the Cash Transfer Transactions

In connection with the preparation of the Company's restated 2009 quarterly financial statements and the financial statements for the year ended December 31, 2009, the Company's outside auditor, Marcum, discovered certain transactions involving short-term cash transfers from the Company's bank accounts to the bank accounts of three other companies in China. The transfers were made at the request of the Company's primary lender and banking services provider (the "Bank") and were authorized by Yu Kwai Chong, the Company's founder, Chief Executive Officer, and Chairman of the Board ("Mr. Chong"), and approved by its Deputy Finance Director and Cashier...."

Time will tell.

g.p.

[fAtnhapy]

What I'm saying is the shareprice was more effected by the fear of the delisting. Now that it's happened and the stock didn't tank to a dime that fear is gone and the shareprice if floating back up.
fAt

[geopic]

Not sure what you mean.
Delisted from NASDAQ seems to be done.
Stockwatch shows OTC Pink Sheet, as per last release.
g.p.

[fAtnhapy]

It appears the fear it would tank when delisted was self fullfilling until it happened then didn't happen. Now the risk of a delisting is gone.
fAt

[geopic]

$2.72 L, $3.14 H and close at $3.00. Vol 848K.
Looks like non-NASDAQ is not that bad.
g.p.

[geopic]

FUQI, now a pinky, just traded at $2.70 (L 2.58 H 2.72) vol 66.7K
FYI
 g.p.

[airbus300]

Top 10 Institutional Holdings by Shares Held
Name/Reporting Date/Total Holdings/Position Value/% of Outstanding Shares Owned

PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. 12/31/10 1.0M $2.9M 3.78%
WELLINGTON MANAGEMENT COMPANY, LLP 12/31/10 869.5K $2.4M 3.15%
VANGUARD GROUP, INC. (THE) 12/31/10 558.5K $1.5M 2.02%
Susquehanna International Group, LLP 12/31/10 426.8K $1.2M 1.54%
RENAISSANCE TECHNOLOGIES, LLC 12/31/10 347.9K $962.0K 1.26%
DEUTSCHE BANK AKTIENGESELLSCHAFT 12/31/10 213.7K $590.8K 0.77%
BARCLAYS PLC 12/31/10 208.3K $575.9K 0.75%
ADAMS ASSET ADVISORS, LLC 12/31/10 160.0K $442.4K 0.58%
CITIGROUP INC. 12/31/10 101.4K $280.5K 0.37%
Shell Asset Management Company 12/31/10 96.1K $265.7K 0.35%

[airbus300]

FUQI International Announces NASDAQ Determination to Delist Common StockBY PR Newswire
— 6:00 AM ET 03/29/2011
SHENZHEN, China, March 29, 2011 /PRNewswire-Asia/ -- FUQI International, Inc. (FUQI) today announced that, as anticipated, the Company received written notice on March 28, 2011, that the NASDAQ Listing Qualifications Panel (the "Panel") has determined to delist the Company's securities from The NASDAQ Stock Market, effective with the open of business on Tuesday, March 29, 2011.

As previously announced, the Company has been advised by Pink OTC Markets Inc., which operates an electronic quotation service for securities traded over-the-counter, that its securities are immediately eligible for quotation on the Pink Sheets. The Company anticipates that its shares will continue to trade under the symbol FUQI (FUQI). Investors can view real time stock quotes for FUQI (FUQI) at http://www.otcmarkets.com.

About FUQI International (FUQI)

Based in Shenzhen, China, FUQI International, Inc. (FUQI) is a leading designer, producer and seller of high quality precious metal jewelry in China. FUQI (FUQI) develops, promotes, manufactures and sells a broad range of products consisting of unique styles and designs made from gold and other precious metals such as platinum and Karat gold.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. is a financial information and technology services company that operates an inter-dealer electronic quotation and trading system in the Over-the-Counter, or OTC, securities market. It is not registered with the Securities and Exchange Commission as a stock exchange or a broker-dealer firm. Investors should contact a broker-dealer firm to trade in a security quoted on the OTCQB or the other OTC tiers operated by Pink OTC Markets Inc. More information is available at http://www.otcmarkets.com.

Safe Harbor Statement

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements including (without limitation) statements related to the Company's intentions to complete its restatements and file delinquent filings. Forward-looking statements can be identified by the use of forward-looking terminology such as "will," "believes," "expects," "anticipates" or similar expressions. Such information is based upon expectations of the Company's management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions. Such risks and uncertainties include, but are not limited to, potential violations of PRC and U.S. laws due to the cash transfer transactions and any resulting monetary penalties and sanctions that could have a material adverse effect on our business prospects, operations, financial condition and cash flow as described in the Company's press release and Form 8-K issued and filed, respectively, on March 28, 2011; the Company's ability to complete and file each of its restated Quarterly Reports on Form 10-Q/A for the periods ended March 31, June 30, and September 30, 2009, its Annual Report on Form 10-K for the year ended December 31, 2009, its Form 10-Q quarterly reports for each quarterly period in 2010, and its Annual Report on Form 10-K for the year ended December 31, 2010; ability to have the Company's securities traded on the OTC Pink Sheets; expected reduction in trading liquidity and potentially negative effect on trading prices if the Company's securities are traded on Pink Sheets; changes in the scope and nature of, and the time required to complete, the restatement process and the audit process for the years ended December 31, 2009 and 2010; the Company's ability to successfully apply and re-list on NASDAQ; the Company's ability to remediate the material weaknesses in its internal controls; risks that additional material weaknesses will be identified which may prolong the restatement and audit process; the effect and results of various ongoing class action securities lawsuits and derivative litigations and an SEC investigation of which the Company is subject; the increased costs and expenses (including legal fees) and diversion of management attention due to the restatements, SEC investigation, litigation, and internal investigation into the cash transfer transactions;the Company's inability to efficiently deploy resources to manage the restatement process and delinquent filings; and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company does not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see the Company's most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and its subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov.

Contact: [e-mail]

SOURCE FUQI International, Inc. (FUQI)

[Renee]

FUQI on OTC Pink Sheets :

http://www.otcbb.com/asp/dailylist_detail.asp?d=03/28/2011&mkt_ctg=ALL

[RonnieD]

big down day. 2.83. ceo says fuqi got all its money back
from short-term cash transactions

Fuqi International Delays 2009 Financial Report Again
Wall Street Journal - Melodie Warner - ?8 hours ago?
Fuqi International Inc. (FUQI) has delayed the filing of its restated 2009 results again, this time for an internal investigation of cash transfers. The Chinese jewelry company, which exaggerated earnings in the first ninth months of 2009 because of ...
Fuqi Intl Provides Status Of Audit RTT News
FUQI International Announces Status of Audit PR Newswire (press release)
FUQI International Delays the Release of 2009 Financial Statements Benzinga
American Banking News

[phillyfury]

Response From Fuqi IR Department:

Emailed IR asking in terse terms why no shareholders' meeting was held, and why was the companies adding to its woes. Here's what I got back, promptly, I might add:

As the Company is currently undergoing restatement, the Company will release the restated financial statements and its Quarterly Reports on Form 10-Q for each of the periods ended March 31, June 30, and September 30, 2010 to the investment community as soon as available.



In addition, the Company will expect to file its definitive proxy statement and solicit proxies promptly upon filing the 2009 Form 10-K and hold the 2009 Annual Meeting as quickly as possible thereafter.



Regards,

FUQI IR

[Peter2004]

Nice breakout. Check it out

http://chart.ly/symbols/FUQI

[RonnieD]

oh yeah, long way to go.

[Picassa]

RUNNING HARD BABY !!!!

[fAtnhapy]

Can we get a copy of the filing before he turns it in? :0)
fAt

[RonnieD]

have you posted here ?
many people are engrossed in this saga.
use your info and buy.

http://messages.finance.yahoo.com/mb/FUQI

[legalguy555]

One of my friends from law school works as a junior associate at a law firm called K&L Gates in Los Angeles. I work in the northeast, so we don't hang out anymore, but we shoot the crap every once in a while on gchat and talk about what we're currently working on. These past few weeks, he has been complaining about this awful project he has been working on, with this awful senior associate he calls "Tran" (which I think sounds like the villain in a Kung Fu movie). Anyway, he's been pulling all nighters left and right, blah blah blah. So I finally figure that I'll call and ask him about what he's working on so that he'll get it off his shoulders and then shut up about it. So he starts going on about working on SEC filings and I sort of tune out, but he keeps accidentally blurting out the name of the company and then trying to cover it up with "er, uh, the client". So I do some searches for the company and get to this message board. The company, folks, is none other than... you guessed it, Fuqi International. At the expense of my friend's health and sanity, it sounds like they are going to make the filing deadline that seems to be the sole topic of this message board, so congratulations to all of you faithful shareholders out there. Just thought I'd share this here, as it doesn't really look like anyone else on the web really cares about this little company.

[sahd3g]

FUQI making some come back now... I bought on the pullback, but too high a few months ago.

Folks interested in this one, might take a look see at JADA if not already familiar with that china jade producer....

Bollinger Bands are tightening way down on JADA.ob. Last trade .329. Book value $1.05. No debt. No dilution, cash machine. 1.8ish trailing EPS....
3 month daily:

http://stockcharts.com/h-sc/ui?s=JADA&p=D&yr=0&mn=3&dy=0&id=p77567301273



6 month daily:

http://stockcharts.com/h-sc/ui?s=JADA&p=D&yr=0&mn=6&dy=0&id=p69142720078



1 year daily:

http://stockcharts.com/h-sc/ui?s=JADA&p=D&yr=1&mn=0&dy=0&id=p90383218541


3 year weekly:

http://stockcharts.com/h-sc/ui?s=JADA&p=W&yr=3&mn=0&dy=0&id=p88562435118

3 year weekly is the one I like best...full stochastics screaming buy. I added more yesterday.

http://www.stockta.com/cgi-bin/analysis.pl?symb=JADA&num1=1&cobrand=&mode=stock

Support just below...and only three resistance points to book value at $1.05!! No gaps up...only a gap down...all GOOD. imo. Strong buy...no brainer spec play.

[IPRE-Paramount]

lol this shorter call FUQI a huge scam. But now it seems to be a boring short as stock will eventually go down but very slowly.

http://baronkimble.com/b.php?b=9q6dqd104h

[IPRE-Paramount]

Read this 'old' PR makes me so comfortable with this stock now.
Particularly the estimate reviewed down previous Earning numbers and the 'already' revised estimate 4Q 2009 (in the .24-.28 /share).
SO possibly FY 2009 revised is < $1 . But 2010 Will certainly over > +$1 with their biz shifting to retails biz 10% now gives that co so much margin to improve(grow) their whole margin.


3/16/2010
FUQI International Provides Preliminary Fourth Quarter Financial Results; Announces Delay in Filing of Form 10-K for 2009
SHENZHEN, China, Mar. 16, 2010 (PRNewswire-Asia) -- FUQI International, Inc. (Nasdaq GS: FUQI) today announced the preliminary release of fourth quarter 2009 unaudited financial results and that it will delay the release of its finalized fourth quarter and year ended 2009 financial results. The Company will also file an extension for the filing of its Form 10-K for 2009.
The Company anticipates total revenue for the 2009 fourth quarter to be approximately $175-$180 million, compared to its original fourth quarter 2009 forecast of $182.0-$191.0 million. Consolidated gross margin is expected to be in the 9%-10% range and diluted earnings per share is expected to be in the range of $0.24 to $0.28 per share compared to original diluted per share estimates of $0.55-$0.60.

Mr. Yu Kwai Chong, Chairman and CEO of FUQI International commented, "We estimate slightly lower sales in the fourth quarter as some of our customers delayed orders to coincide more closely with the Chinese New Year holiday which occurred in mid-February. We also estimate that our gross margin was impacted by a higher product mix of lower margin wholesale products such as commemorative Chinese New Year gold bars which we estimate resulted in wholesale gross margin performance below our historic range. Fulfilling such orders can increase our market share and enhance brand awareness with new and existing customers, both of which are important for the long-term development of our wholesale business."

"As we evaluate the 2009 fourth quarter performance of our retail business, we continue to be pleased with its expansion. Our retail segment for fourth quarter 2009 is expected to be in the range of $15.5-16.5 million compared to $6.0 million in the prior year period. Fourth quarter 2009 retail gross margin is expected to be in the range of 27%-28%."

"General order demand in both our wholesale and retail businesses remains solid for 2010 and we are placing a strong emphasis on maximizing our overall margin performance and the growth of our retail business as we progress through this year."

Also today, the Company announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to delay the filing of its Annual Report on Form 10-K for the year ended December 31, 2009. The Company has been conducting an assessment of its internal controls as of December 31, 2009 in accordance with the Company's Sarbanes-Oxley Act compliance procedures. Although the Company's assessment procedures are not yet complete, the Company believes that at least one of the identified deficiencies related to its 2009 Sarbanes-Oxley Section 404 compliance audit, thus far, constitutes a material weakness, including but not limited to the Company's period-end closing process as of December 31, 2009. The complete and final results of the Company's assessment of its internal controls will be disclosed in its Annual Report on Form 10-K for the year ended December 31, 2009.

As a result of the findings of the 2009 Sarbanes-Oxley Section 404 audit, thus far, the Company identified certain accounting errors that are expected to have a material impact on the previously issued quarterly financial statements for the first three quarters of 2009. Management and the accounting personnel require additional time to evaluate such effects on the previously filed quarterly financial statements of 2009. Because the review is still underway, the Company is unable to accurately estimate at this time the impacts on the Company's interim financial statements for the first three quarters of 2009. However, it is expected that as a result of the accounting errors, the cost of sales for each of the periods were understated and gross profit and net income, as a result, were accordingly overstated. Based on the Company's latest estimate, the earnings per share included in the previously issued financial statements for the nine months ended September 30, 2009 were overstated by approximately $0.15-$0.19 per share based on approximately 23.0 million weighted average number of shares for the nine months ended September 30, 2009. The foregoing estimate is based only upon preliminary information available to the Company as of the date of this press release, is subject to adjustment in connection with its ongoing review, and has not been audited by its independent registered public accounting firm. Due to the Company's ongoing internal analysis, the Company is currently unable to provide estimated results of operations for the year ended December 31, 2009. The Company will file its Annual Report on Form 10-K as soon as possible; however, there can be no assurance that the report will be filed within the extended 15 day deadline.

Mr. Chong continued, "We regret the delay and appreciate the patience of our stockholders as the Company works to complete its financial closing process. We take our responsibility to provide complete and accurate financial information seriously and are taking proactive steps that we believe are appropriate under these circumstances. Although the Sarbanes-Oxley Act Section 404 compliance has been a significant challenge for the Company, we believe our continuing efforts to improve our internal control and human resources in operational entities will make our Company stronger in the long term. As a fast growing company, we remain focused that our operating entity financial accounting infrastructure grows stronger and we are committed to invest more resources in our internal auditing function as well. We remain confident in the fundamental soundness of our businesses and look forward to discussing our 2009 financial results and developments for 2010 when we report our fourth quarter and full year 2009 financial results."

[RonnieD]

well, if there is no news by Sept 28, the stock
will drop some more. Unless they submit the retro quarters
and current, and get green light from SEC, Fuqi also is
not going to be immune to general market movements.
I sold this yesterday and am going short the market,
but will surely be buying back at some point.

[IPRE-Paramount]

Good news if even only Extension is granted.

[SimonL]

Chart

[RonnieD]

FUQI International Opens New Jewelry Showroom in Shenzhen and Participates 2010 Shen Zhen International Jewelry Fair
Press Release Source: FUQI International, Inc.
On Wednesday September 15, 2010, 8:30 am EDT
SHENZHEN, China, Sept. 15 /PRNewswire-Asia/ -- FUQI International, Inc. (Nasdaq:FUQI - News) today announced the grand opening ceremony of its newly expanded jewelry showroom in Shenzhen, China as well as its participation in the 2010 Shen Zhen International Jewelry Fair.

Special guests and major wholesale customers were invited to attend the ribbon cutting ceremony to commemorate the opening of its new showroom. In addition, the Company hosted a large booth at the trade fair to showcase featured costume designed jewelry pieces, most of which can be found in the Company's new showroom.

The new 10,000+ sq. ft showroom is approximately three times the size of the previous space. It features FUQI's latest jewelry designs, which includes several hundred newly designed products every month. The new showroom will carry a much wider selection of jewelry, including an expanded design collection of gold, platinum and studded jewelry products to fashionable, modern emerald, jade and diamond pieces.

Mr. Yu Kwai Chong, Chairman of FUQI International commented, "We are pleased with the opening of our new spacious showroom which houses a much larger jewelry product collection. We believe this new showroom will strengthen our image and enhance business opportunities with new and existing customers and solidify our leadership position in China's wholesale jewelry business. In our retail business, we plan to further expand our position in China's retail market by cultivating the FUQI and Temix brands. We currently have over 100 FUQI and Temix retail locations and believe there are additional opportunities to increase brand awareness and further penetrate China's retail jewelry business. We remain focused on our goal of becoming a major leading wholesale and retail jewelry provider in China.

"More information regarding the new showroom and the Company's participation at the Shen Zhen trade show can be found at http://irpage.net/fuqi3/eng/wholesale.html .

About FUQI International

Based in Shenzhen, China, FUQI International, Inc. is a leading designer, producer and seller of high quality precious metal jewelry in China. FUQI develops, promotes, manufactures and sells a broad range of products consisting of unique styles and designs made from gold and other precious metals such as platinum and Karat gold.

Safe Harbor Statement

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward- looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "expects" or similar expressions. These forward- looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov .

[RonnieD]

Cowen Cuts FUQI (FUQI) to Neutral Amid SEC Formal Probe
11:31 am ET 09/09/2010 - StreetInsider
An analyst at Cowen and Company has downgraded shares of Fuqi International (Nasdaq: FUQI) from Outperform to Neutral following last night's news that the SEC has notified the company of a formal probe into FUQI's failure to file its quarterly reports in a timely fashion.


in this case, a cut to Neutral is a veiled "buy" rating.

[geopic]

Looks like you are doing allright.
Sounds like Fuqi is not sure that all will be ready by end of September but are fully aware of extra time available through extensions and appeals.
This could carry to December...
g.p.

[RonnieD]

from yahoo board:

This is a response I got from FUQI IR:

Fri, September 3, 2010 12:12:04 AM
RE: Restatement Status
From: Fuqi IR <[e-mail]>Add to Contacts



Dear John,
Thank you for the email. September 28 is the deadline imposed by Nasdaq to file the previous financials. However, the previous PR has mentioned that if the Company is unable to file the delinquent reports by September 28, 2010, Nasdaq will provide written notification that the Company's securities will be delisted. At that time, the Company may appeal Nasdaq's determination, and during any such appeal, the Company's securities would continue to be listed on Nasdaq. As you can see, there will be an appeal process with Nasdaq and additional timeframe may be granted upon approval by the Nasdaq panel.
Nevertheless, the Company is working diligently on the financials and we will update the investment community as soon as it is available.
Regards,
FUQI IR