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Government defers income tax collection to spur spending
Vietnam would lose around VND1 trillion (US$57.3 million) every month if it waives income tax for five months, Deputy Minister of Finance Do Hoang Anh Tuan said
The government will delay the collection of personal income tax until the end of May to help stimulate spending amid the global economic crisis.
Personal income including salaries, profit from real estate and stock transactions and other investment returns would not be taxed until May, the government said in a statement posted on its website Monday. The National Assembly will decide then if the payments will be waived completely or just delayed.
The economy expanded 6.2 percent in 2008, the slowest pace in nine years, as the global recession cut demand for Vietnamese exports in the US and Japan. The government is targeting 6.5 percent growth for this year.
The government said last month it would provide a 30 percent rebate on tax bills from the fourth quarter of last year onwards for small- and medium-sized firms, defined as those having less than VND10 billion (US$572,000) in capital or employing fewer than 300 workers.
It will also cut value-added tax by half in February for products like coal, construction materials, engineering equipment used to make other products and automobile parts.
The country would lose around VND1 trillion ($57.3 million) every month if it waives income tax for five months, Tuoi Tre newspaper reported on January 13, citing Deputy Minister of Finance Do Hoang Anh Tuan.
Non-resident individuals would not have to pay tax on income from financial investments, transactions, copyright and franchising until May, Monday’s statement said
"Profanity shows anger, you are right. But for the one vulgar 3-word phrase I used, I do apologize.
Shouldn't have done it on this board...won't happen again."
Thank you.
Very clever of you to just post the parts of my 6 paragraph message that serve your purpose, and selectively decide to without the rest.
I did not suggest that my military service gave me more reasons to whine....what I DID suggest was very easy to discern from the full message itself..of which you have selectively referred to a very small part.
You are acting dishonestly here, and you know it.
It was part of a response to GCHC's blind political insults, where he has no idea who I voted for or how I feel about the events of Jan 20...but doesn't hesitate to invent that and use it as an insult...insults which remain on this board simply due to lack of profanity. As if anything about Jan 20th has anything to do with GCHC!
We won't even go into his whining about how some shareholders bought the notes and others didn't and the right he thinks it gives him to blindly hurl insults, post false predictions, or to act holier-than-thou...talk about self-important!!!
Also, you don't know anything about me, or how I went into or came out of our armed forces...but you pretend to and then deliver a sermon from the holier-than-thou pulpit of one who has, of course, never been angry, and never used profanity....yeah, right! Truth is, you have used profanity in your life ...oh, but when you did, it didn't show your ignorance, right??? LOL!!!LOL!!!
I will let others judge my ignorance, or lack of, from the track record and the content of my messages.
There is an alternative choice to just hitting the ignore button (the easy way out)....I'll continue to challenge messages that I disagree with or find objectionable for the reasons I've already stated.
Profanity shows anger, you are right. But for the one vulgar 3-word phrase I used, I do apologize.
Shouldn't have done it on this board...won't happen again.
I won't ban nor will Matt allow me to ban anyone who states their opinions about this company. Profanity is not allowed.
You say you were a marine. There are many who served in the armed forces and did not do so in order to protect our right to freedom of speach. For you to be so self-important as to suggest that this gives you more reasons to whine, shows me that you enterred as a boy and came out in a different capacity. Your anger is showing by your use of vulgarity. Marine talk is not going to be tolerated since it projects ignorance.
As to those posters who feel they are posting facts, from wherever the source, you don't have to believe them and can use the ignore button. To the cynic who thinks the CC's were a farce. These CC's were asked for by the investors and the CEO answered the questions posed. If these individuals don't like CC's or think they are a waste of time. Once again you can not dial in and be part of them.
I am very sure that the few who post their opinions here and find it necessary to critize, will always keep in mind. Coulda, shoulda, woulda's don't change a thing. The CEO stated more than once that the dilution of the stock should first be amoungst the current shareholders and then after that method for funds drys up. He will go outside and fund all the projects that wait for funding. By first going to investors for funds, the CEO stated he hoped this source would give him time to both complete the filings etc and be able to re-list with a higher opening pps than the 35 cent close last year. This is how I understand the entire picture. Maybe somebody else has a different picture, which I'm sure we will read shortly.
I continue to be very positive in the future of this company. I just wrote IR and told him I will back the CEO's moves as long as the CEO and his family own their millions of shares.
Please do not expect me to respond to anymore posts till the company releases their agenda.
great post...you are a credit to what's left of objectivity on this board. I for one appreciate you chiming in from time to time...Just throwing that out there...
T...
I'm not confused about your removing a legitimate message I just posted here.
If you going to use this board to continue playing these games instead of being an impartial moderator, then ban me and get it over with. I would wear that ban with honor.
No. I am not confused about that. In fact, my understanding of the multi-level approval process for direct foreign investment in VN is why the messages posted here are confusing.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34424798
"...project in Vietnam has just received the OK for the Casino licenses."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34439430
"...the vn project and the casino licenses have been approved."
Both conveniently omitted mentioning the PM still needs to give final OK....and we know how reliable politicians are in their vows. Odds are it'll probably happen...but who knows when, or what other new development might jeopardize it. Point is, hasn't happened, nobody knows when it will.
So the story behind these two posts above is what?
- That GCHC and CJ are "confused" too about license process?
- That they understand the PM still hasn't signed off, but by failing to mention it they want the reader to believe the casino license is already a "fact" and GCHC's 5% is money in the bank?
- Or they read one of IR's cryptic emails and read into it what they wanted to hear and ran over to this board to report it as fact?
BTW, the latest prediction "...will happen in March. By the middle of May all the filings , audits and stock transfers should be completed" has been carefully wordsmithed to sound like authentic insider information and fact. But now you've left the backdoor open with "another month, another year or another decade"...but only after being challenged. You coulda just said it like that in the first place.
These are the continuing word games that are the hallmark of this board.
Unless you guys want to take the time to tell the whole story, then you should do your high-fives by PM.
These incomplete, misleading sound bites and predictions are doing more harm then good to our company.
The confusion on your part stems from your lack of understanding. To aid in your confusion, there are more than one ministries which examine and vote on granting casino licenses or any other project. The final ok comes from the PM and he vowed to grant the casino licenses, the district ministries have already okayed them.
As far as "happen" goes. It all will "happen" when the company is ready to move. If it takes another month, another year or another decade, you will just have to stick around like the rest of us and bitch. LOL!!!
i'll wager that the critics here did not help with financing the last 5 years...guess owning shares gives people their undeniable rights...they probably watched the jan 20 carnival...felt all pumped up by the whole event...media really did a great job of making everyone fall for the guilt complex of slavery etc...fools all of them...nothing changes in that world...just keep printing money and make the same elitists rich...the populace confused...the world laughing...
yes...the mis-infoand lies are stepping all over themselves... Silence would be nice until the company actually comes clean at some point...Thank goodness they stopped the conference call farce...
T..
This thread will remain quiet till something happens and maybe then it will be a good place to cheer or tear. :o)
ITA.
The best thing this board could do to help GCC is to voluntarily shut itself down and disappear ......permanently.
No sense posting till the company tells us via the proper venue. I'll believe some of the news when I read it myself. :o)
Just what, exactly, does the word "happen" mean? Can you please be a little more vague??
Some folks on this board got very insistent that the casino license already "happened" and used this board to brag about it:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34424798
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34439430
Now you're saying license isn't until March?
If you're saying that March is when GCHC gets it's 5% cut on this thing, then just say it in plain English ...no need to be confusing and vague.
...and another prediction "by date" for filing with SEC, relisting. I love it!.
:^)
Looks like the Viet Nam project, including the casino licenses, will happen in March. By the middle of May all the filings , audits and stock transfers should be completed.
Americans view U.S.-China relations as key to any U.S. administration
www.chinaview.cn 2009-01-21 14:34:47
Special Report: Barack Obama: The 44th U.S. President
WASHINGTON, Jan. 20 (Xinhua) -- Wendy Johnson, an African-American lady who attended 44th U.S. President Barack Obama's inauguration ceremony here Tuesday, said U.S.-China relations are so important for both countries that all "smart" leaders will value the ties.
Johnson, whose teenage son and daughter are learning Mandarin Chinese, said the new U.S. president should give an even stronger boost to U.S.-China ties.
"Keeping a great relationship with each other is a good thing for us," she said. "Obama is such a smart president, he knows pretty well how to continue the relations with China."
More than 1 million Americans from across the country and tourists from around the world showed up at the grand ceremony in the capital to watch Obama become the first African-American president in U.S. history.
"Can you find any other bilateral tie more important than U.S.-China relations?" asked Johnson, who encouraged her son and daughter to start studying Mandarin Chinese when they were little as she firmly believed that the new century "will be nothing without the participation of China."
Jane Martin, who traveled with her family all the way from Missouri to be part of a "historic event that the family must witness," said no matter who becomes U.S. president, he cannot afford to ignore U.S.-China relations.
"We have a new era and have to build partnerships around the vision that China and the United States could work together to solve many economic problems," Washington resident Glen Moren told Xinhua shortly after Obama's inauguration speech.
Meanwhile, the president of the New York-based Greater China Corporation, John Allen, said Obama will "definitely" give top priority to bilateral relations once he assumes office.
"Take our business relations for example. No one dares to risk hurting the ties," he said, adding that any damage to relations will hurt the two economies.
"Developing diplomatic relations must serve the aim of making the lives of the two peoples even better, so in any case, all clever leaders should value the relations."
China and the United States forged diplomatic ties 30 years ago. The relations, in former U.S. secretary of state Dr. Henry Kissinger's words, are becoming better with each passing year, although problems emerge sometimes.
"Our two countries are binding together so tightly just because we share many common interests," said Gon Kevin, while hurrying to join the inauguration parade following the ceremony.
Kevin said his life was "at least 80 percent related to China" as the shoes, hat, coat and gloves he was wearing were all made in China.
"I love China just because the Chinese are hard working people who are making this world more colorful," he said.
Kevin, who traveled from Florida to watch the "historic" event, said it was unnecessary to give special care to bilateral relations "as they are already mature" and the president has more important domestic matters on his agenda.
"He should fix the U.S. economy first, which is his top priority," Kevin said. If the country's economic problems are solved properly, relations with China would become even stronger because "bilateral economic interests are closely interwoven with each other," he said.
sounds good to me...
It's not the CEO's motivation that is primarily suspect...it's his competence.
We'll compare notes again in April.
You take care now.
:^)
let the end justify the wait...next sept will be fine for me...always keep in mind that the ceo gains the most from success...we make money...he gains both money and respect...a super new year for all...
I'm sure that GCC's 5% cut is just "a few nights sleep away" like you said the re-listing was last February 5th:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=26561375
Regardless of what you say, healthy scepticism is still good...even your own:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29656518
Ignoring the track record of "predictions" on this board is dumb....
Attacking those who disagree is dumber.
See you all back here in the Spring, and have a safe, happy New Year.
Bye
:^)
i checked with jon...he said the vn project and the casino licenses have been approved...gcc will receive their 5% cut...getting listed before the company is viable is stupid...not buying into this offer is dumb...suggesting that the ceo or directors are not doing their best to protect the current investors is ignorance...the company using investor funds and not going outside is brilliant...
Note the identical wording except for deadline (i.e. both identical offers are very time-sensitive!!):
Offer to shareholders 10-08-08:
"For existing shareholders only, the following additional benefits will apply:
1) A bonus of 10% in additional shares.
2) A further 10% if the investment is received by the end of October, 2008.
3) A share price adjustment to the lowest price of any shares issued during the course of 2008.
Offer to shareholders 12-16-08:
For existing shareholders only, the following additional benefits will apply:
1) A bonus of 10% in additional shares.
2) A further 10% if the investment is received prior to December 31, 2008.
3) A share price adjustment to the lowest price of any shares issued during the course of 2008.
There actually is one small difference in the wording of the "new and exciting" offering over the one 2 months ago:
10-08-08 offer:
"These will automatically be converted on a one-for-one basis into the common stock of Greater China Corporation, Ltd."
12-16-08 offer:
"These may be converted on a one-for-one basis into the common stock of Greater China Corporation, Ltd."
....guess that means they may not be converted either. The GCC village chieftans in NY will figure that out and tell you one way or the other only after they have your money.
In any event, the burden of proof is on you to tell us exactly what else is different between this latest time-sensitive offer and the one over 2 months ago ($5,000 vs. $10,000 minimum doesn't count....BOD was already willing to offer that after 10-8-08 for anyone who would actually buy in. The "new" 5K wording just makes it official).
Oh, in advance of seeing the usual "...sceptics bitch but offer no solutions.." response posted here, just know that I offered detailed proposals (twice) off-line on how to get the needed shareholder financing to complete SEC filings. Neither was any more dilutive than what GCC is offering now. Both of my suggestions were ignored or rejected by BOD without the courtesy of a response for their reasons.
Being sceptical is healthy and good...it is the practical, constructive application of common sense and responsibly using the brain that we all all born with. It's how the Enrons are discoverd and the Madoffs are avoided.
As anyone who's ever had to run a real operating business knows, scepticism provides a balance to the dreams, and prevents them from being just fantasies.
For some people, though, healthy, intelligent scepticism is just an excuse for tossing insults.
Hopefully, this casino license news is legit and makes a real difference toward getting SEC-filed and listed again. We have all seen the BOD's multi-year track record and each decides, then, what to believe.
"Therefore, in order to finance the completion of the audits and SEC filings for early in 2009 a special year-end offering is being made to existing shareholders only. This has three special conditions that are enumerated in the attached Subscription Form which is very time-sensitive."
One of the great freedoms we have is to choose. I think this Vietnam deal can only be described as huge and will change the revenue base for GCC for a decade. By the way, my e-mails from Jon Scott were not blocked so I know positively the source. Skeptics will always exist yet these same fools believe christ is the saviour. Go figure.
Sorry that you believe it is spin, I just received this so to me it is new. I did see the offer minimum for $10k but this one is for $5k and 20% interest for a holding period of less than 1 week seems like a deal. ;)
The email from IR came from a "Jon S".
After years of using his full last name in all emails, suddenly a forwarded email from somebody named "Jon S"?????
......With "huge news" just coincidentally in time to goose up shareholder enthusiasm to part with their money by 12/31/08 to keep paying the GCC rent and not file??
Until I see something in a public domain like some of the local news/media over there or from the real Jon Scott/IR I smell something fishy here.
Sorry, but the track record on "huge news" that goes nowhere is so sordid and rotten with this company, that we have to take everything we hear with scepticism, regardless of the source....especially this board.
doc-
That didn't "just" come out from IR. That is the very same offer that has been on the table for months and was emailed again to investors on December 16th. There's nothing new here. What's with the "spin" you're putting on this?
Happy New Years Creekjumper-this is huge!!!
IR just sent me this offer to all current shareholders. He says if anyone is interested to contact him immediately at info@greaterchinacorp.com . This offer expires on December 31, 2008.
Greater China Corporation
Corporate Headquarters
One Rockefeller Plaza, Suite 1010
New York, New York 10020
Tel: (212) 765-4547 Fax: (212) 218-4223
GREATER CHINA CORPORATION
PRIVATE PLACEMENT-
For Existing Shareholders Only
(Minimum Investment $5,000)
Greater China Corporation, a Delaware corporation (the "Company") is offering, on a private placement basis up to 1,000,000 shares of its common stock at a price of $.25 per share. For existing shareholders only, the following additional benefits will apply: 1) A bonus of 10% in additional shares. 2) A further 10% if the investment is received prior to December 31, 2008. c) A share price adjustment to the lowest price of any shares issued during the course of 2008.
These shares are issued on the following terms and conditions:
1. Fully Paid and Non-Assessable. The Company will issue the shares free and clear of any further payments or assessments.
2. Conversion of Greater China Corporation shares into shares of Greater China Corporation Ltd. The shares to be issued will be for the common stock of Greater China Corporation. These may be converted on a one-for-one basis into the common stock of Greater China Corporation, Ltd., a Bermuda based company (“GCCL”) as previously approved by the Board of Directors of both companies.
3. Purchase of the shares Purchase of the shares shall be against cash paid to the Company by wire transfer or check. Wire transfers should be sent to:
Greater China Corporation Account No. 9945360145
Citibank NA Br.#95, New York, NY 10021 ABA# 021000089
Name of Investor: _________________________________ Amount of Investment $_____________
Address: __________________________________________________________________________
Telephone: _____________________ Fax: ____________________ Email: ____________________
Tax ID or Social Security #: ______________________ I am __ am not __ an accredited investor.
IN WITNESS HEREOF, the undersigned Investor does represent and certify that the foregoing statements are true and correct.
Signature: _________________________________________Date: ______________
Accepted: _________________________________________Date: ______________
Greater China Corporation
THE SHARES TO BE ISSUED HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM.
. Just in from GCC IR.. the Dragon Beach project in Vietnam has just received the OK for the Casino licenses. This is HUGE!!!
Greater China Corporation
Corporate Headquarters
One Rockefeller Plaza, Suite 1010
New York, New York 10020
Tel: (212) 765-4547 Fax: (212) 218-4223
LBL@greaterchinacorp.com
GREATER CHINA CORPORATION
A Better Way to Achieve a Public Listing
December 2008
Greater China Corporation (“GCC”) is an international corporate development company based at Rockefeller Center in New York City.
GCC is a publicly-owned company with approximately 1,200 shareholders and approximately 25 million shares outstanding. The company has no warrants, options or other dilutive instruments outstanding, and no corporate debt. The last trading of the stock was on February 12, 2008, when it closed at $.35. GCC then requested a suspension of trading pending re-filing in early 2009 upon completion of final audits for the years 2006-2008.
GCC has about 50 important shareholders who each own over 1% of the company, but none who own more than 5%. GCC also has a very powerful team of Directors and Advisors who are actively involved with and available to the company for its development activities.
GCC’s primary activity is selecting and supporting corporate development opportunities (“Projects”) with experienced entrepreneurs. The company is actively seeking appropriate private companies who would like to draw upon the corporate development capabilities of GCC and its large and loyal shareholder base as a means of achieving their own public listing.
For qualified candidates, GCC will acquire an equity position in the company, and then work with company management to position the entity for its own independent public listing. This is done by distributing some of GCC’s ownership to its own shareholder base, in many cases in conjunction with an additional financing. Following this spin-off, GCC maintains a portion of its ownership as an incentive to fully support the success and growth of the newly public entity. For a description of some of GCC’s current Projects and a list of its Directors and Advisors, please see www.greaterchinacorp.com.
For an appropriate operating concern seeking a high quality, fast, and cost-effective public listing , a partnership with GCC may provide a far superior and more sustainable alternative to an IPO or reverse merger with a public shell.
Look for changes in the web site and possible news from the Viet Nam project.
Greater China Corporation
Corporate Headquarters
One Rockefeller Plaza, Suite 1010
New York, New York 10020
Tel: (212) 765-4547 Fax: (212) 218-4223
JWA@greaterchinacorp.com
GREATER CHINA CORPORATION
Greater China Corporation
Directors and Advisors
December 2008
Greater China Corporation (“GCC”) has a powerful network of Directors and Advisors who are actively involved in helping GCC expand its activities. These individuals provide GCC with a continuing flow of opportunities and assist in evaluating, implementing and managing selected Projects. They include:
Directors
John W. Allen Chairman & CEO of GCC. Involved in Asia and China for over 30 years. Also, Trustee of the Chinese Cultural Foundation and a member of the China Investment Group LLC. Co-founder and CEO of Turtlesnap Ventures, Inc. Helped to found AIESEC in China and was Chairman of the Board of AIESEC, US and of AIESEC Yale. Headed the international investment subsidiary of the Bank of Boston and was Assistant to James D. Wolfensohn (former head of the World Bank) at Schroder Bank and Trust. Served as a Trustee of the Soros Open Society Institute and as one of three Trustees of the International Science Foundation along with George Soros and Nobel Laureate James Watson. Involved in starting and building more than 30 companies worldwide, several of which have grown into $ multi-billion enterprises. Received his BA from Yale University and MBA from Harvard Business School.
William Knight London based International Investment Banker specializing in Emerging Markets. Serves as a Director and Advisor for JP Morgan Chinese Investment Trust, Fidelity Asian Values Fund, Thai-Euro Fund, Evolvence (India) Fund, Axis Private Equity Fund and was instrumental in starting the Vietnam Fund. Founding partner of Emerisque Capital, an "East-West" management buy-in firm. Began career with Lazard Brothers and continued with Lloyds Bank International in London and Hong Kong.
Laurence B. Levine Senior Managing Director of Greater China Corporation.
International Investment Banker and Attorney. Director of Perfect Fit Industries, and
Chairman of Blair Holdings. Represented Federal Express, Shell, Nedlloyd, Maersk, Lykes
Bros., CargoLifter AG (Germany), Thomson Newspapers, & General Reinsurance. Founded
Signature Financial Group and EdVerify, an educational service company. Was Director of
Corporate Finance for Rothschild Inc., Smith New Court Securities and Henry Ansbacher
LLC, and Senior Vice President of Burnham and Company. Received his BA from Princeton
University and JD from Stanford Law School. Served in the US Marine Corps.
Mark Young Investment Banker, Financial Advisor and Founder of Aravali Partners LLC a Municipal Bond management company. Over 20 years experience with: McKinsey & Co., Morgan Stanley & Co., Salomon Brothers and PriceWaterhouse Coopers. Successfully funded numerous companies through venture capital, private equity and public offerings. Certified CFA, CPA, Series 3,7 & 63 and registered SFA. Received his BS from Boston College and MBA from Harvard Business School.
Advisors (* New Members)
Thomas P. Au Prominent global investor, financial advisor (CFA), author, speaker and follower of the Chinese securities markets. Published “A Modern Approach to Graham and Dodd Investing” (Wiley). Over 20 years experience as a securities analyst and portfolio manager with Value Line, Cigna Investment Management and R.W. Wentworth. Received his BA cum laude in Economics and History from Yale University and MBA in Finance from New York University.
James Borton Well-known writer and editor for major publications including: Asia Times, The Washington Times, and Foreign Affairs (published by the Council on Foreign Relations). More than 100 recent articles and web-reports on Venture Capital and entrepreneurial activities in China, Viet Nam, and other countries throughout the Asia Pacific region. Founder of Venture Japan (sold to Investor Dealers Digest) and Asia Pacific Communications, Inc. Lecturer at: University of South Carolina, West Virginia School of Journalism, New School University, Pace University, The Chinese University of Hong Kong and the Hanoi School of Business. Educated at Yale University, the University of Maryland (Masters of Arts Degree with honors) and recipient of the National Endowment for the Humanities Fellowship.
Cornelius E. Colley International investment banker and investment manager with specific expertise in restaurants, consumer markets and real estate. Helped design and build restaurant franchises as well as structure and place related financings. A leader in development of international mutual fund products and services and manager of multiple $billion portfolios in global markets. Served in senior management positions with Coutts & Co., Citibank N.A., The Boston Company and Merrill Lynch. A BA graduate in Sociology and Economics from Hobart College.
Harry Edelson CEO of China Opportunity Acquisition Corp. and President of the China Investment Group, LLC. One of the world’s leading Venture Capitalists, having managed five highly successful funds for AT&T, Viacom, 3M, Ford, Colgate-Palmolive, Reed Elsevier, Asea Brown Boveri and UPS, with investments in more than 90 companies. Results for these funds ranked first amongst the 130 VC fund peer group. Many years experience in technology, securities analysis and Venture Capital with AT&T, CS First Boston, Merrill Lynch and Drexel Burnham Lambert. First outside investor in ten companies that have achieved a market value of from $1billion to over $40 billion (two in China). Received his BS in Physics from Brooklyn College, and MBA from New York University. Former President of the Wall Street Analysts Club, recipient of numerous awards and frequent speaker at major conferences around the world.
Guying Guo Senior lawyer with King & Wood in Beijing and Schiff Hardin in NYC. Admitted to practice in New York and China. Was foreign counsel for Cadwalader, Wickersham & Taft, and headed Greater China practice for Lee & Lee in Singapore. Law Degree from Beijing University and Master of Law from both the National University of Singapore and New York University. Has successfully completed a number of China related transactions for major Chinese and U.S. clients. Frequently on Asia Business News, CNBC.
Liang Heng Author, journalist, and for the past 25 years personal representative to George Soros on China affairs. Has well-established relationships in the Chinese media and financial communities. Wrote “Son of the Revolution” and founded and was Editor –in-Chief of the quarterly publication, “The Chinese Intellectual”. Received his Bachelors degree from Hunan University and Masters Degree from Columbia University.
Karen Jagoda Author and Internet entrepreneur. Founder and President of the E-Voter Institute, Turtlesnap Ventures, Inc. and Turtleback Interactive. Host of numerous symposia relating to the use of the Internet for on-line political advertising and advocacy and on Global Trends In Technology. Author of a number of publications in collaboration with the New York Times and others including: Crossing the River: The Coming of Age of the Internet in Politics and Advocacy. Received her BA in Mathematics and Political Science from Goucher College and MS in Business Administration from the Johns Hopkins University.
* David Jin President of AlphaBridge International, Inc. a medical technology company specializing in U.S. and Chinese opportunities. Maintains professional relations with leading Chinese and U.S. companies and research centers including the Buchang Group, Shanghai Chinese Medical University, the State Center for Disease Control, (SCDC), Chongming Island Economic Development Committee, Shanghai 2010 World Expo Committee, Cornell Medical Center, New York Presbyterian Health System, the INOVA Health System and others. He graduated summa cum laude from the Massachusetts College of Pharmacy and received his M.D. and PhD from the State University of New York. He has directed over 15 clinical trials and published over 30 papers in leading medical journals.
* Howard Krongard Most recently Inspector General of the U.S. Department of State and Chairman of the Broadcasting Board of Governors where he oversaw operations and audits for 260 diplomatic missions and broadcasting operations in 61 languages. He was previously Of Counsel to Freshfields Bruckhaus Deringer, General Counsel to Deloitte & Touche, and member of Peat Marwick Mitchell and Cravath Swaine & Moore. He is a graduate of Princeton University and Harvard Law School and was a Knox Fellow at Trinity Hall College at Cambridge University. He is member of the National Lacrosse Hall of Fame.
David N. Laux Trustee and former Chairman of the NYSE-listed Taiwan Greater China Fund. Served as Director of Asian Affairs on the National Security Council, was Chairman and Managing Director of the American Institute in Taiwan (the U.S. substitute for an Embassy) and was President of the U.S.-Taiwan Business Council. He was also the first Commercial Counselor at the American Embassy in Beijing in 1981-1982. With earlier experience with China in the U.S. Treasury and Commerce Departments, he is considered one of the leading American experts on economic, business and political affairs in China and Taiwan.
Daxi Li Chairman of the Chinese Association for Science and Business and Advisor to the Chinese Government in developing China’s Five Year Plans for Policy and Economic Development. Graduate of South China Normal University with Masters Degree from Sun Yat-sen University and PhD in high-energy physics from the City University of New York. Developer of Entrepreneurial Innovation Centers in Shenzhen and Guangzhou China. Frequent speaker at major China conferences.
* lizabeth Ning Mann President of the International Outdoor Recreation Corporation, a China based membership Club which provides outdoor vacation facilities for China’s growing middle class. A highly experienced and successful international executive who has started and built several multi-million dollar companies in the U.S. and China. Was President of BNU Corporation, the U.S. real estate and financial services subsidiary of COFCO, China’s largest food company. Was also Vice President of AmBanc Ltd. responsible for their international business division, and Asian Project Manager for Eli Lilly International. She received her Bachelor of Business degree from Beijing University, her Masters degree from American Graduate School of International Management, and was a PhD candidate at Penn State University.
Robert McGrath, Jr. International Investment Banker and Advisor with expertise in real estate, financial services, waste management, port development, power generation and cross border transactions. Negotiated agreements with Central Banks and Finance Ministries in China, the Philippines, Panama, Papua New Guinea and other emerging countries for numismatic issuance. Received his BBA in Accounting from Notre Dame and MBA from the University of California at Los Angeles.
Robert Mundell Nobel Prize Laureate and Professor of Economics at Columbia University. “Father of the Euro” and frequent advisor and speaker on currency issues in China, the U.S., Europe and Asia. Founder of the Mundell International University of Entrepreneurship in Beijing. Awarded the Global Economics Prize at the World Economics Institute in Germany, the Companion of the Order of Canada and the Cavaliere di Gran Croce in Italy. PhD in Economics from MIT and attended or taught at the London School of Economics, McGill University, University of Waterloo and the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University.
John W. Murdock Global strategist and advisor to numerous international corporate, government and NGO organizations. President of MITC and co-founder of Turtlesnap Ventures, Inc. as well as the International Systems Development Corporation. Served in executive, director or advisory capacities with the National Science Foundation, National Academy of Sciences, American Association for the Advancement of Science, Agency for International Development and the Defense Advanced Research Project Agency’s technology support program in Southeast Asia. While at Battelle Memorial Institute developed programs on information systems in Thailand, Vietnam, Korea, Lebanon and Saudi Arabia. M.S. in Nuclear Physics from Iowa State University, B.S. in Physics and Electrical Engineering from Marshall University, attended Executive Management Program at Northwestern University and taught at Johns Hopkins University School of Continuing Studies.
Egon Ali Oglu Internationally renowned architect, inventor and entrepreneur. CEO of COMPONOFORM™, Inc. his proprietary structural building system used in the design of a state-of-the-art Shanghai based healthcare center and a multi-purpose development project in Mongolia. Developer of the Solarmagic™ auto-tracking photovoltaic solar system. Worked with Campbell & Aldrich, Hugh Stubbins & Associates, William Riseman & Associates and London County Council. Collaborated with leading architects including Walter Gropius, Luigi Nervi and others in the Harvard/MIT community. In the field of Solar Energy received honors from the Governor of Massachusetts the Ford Foundation and SANCST of Saudi Arabia, where he completed 20 solar projects. Received his BA, MBA and PhD in architecture, building systems and technologies and has served as Associate Professor and Lecturer at Harvard School of Design, Carleton University, University of Nova Scotia Technical College, King Faisal University, King Saud University and MIT.
Tong Ich (Tom) Pham President and CEO of Global C&D, Inc., a real-estate development company with major activities in Vietnam and with a successful record of building more than one million square feet of housing for the Vietnamese community in the US. Instrumental in normalizing relations between the US and Vietnam and achieving recent membership for Vietnam in the World Trade Organization. Highly regarded by the political and business leadership in both the US and Vietnam which has resulted in Global C&D receiving a franchise for development of 1,100 acres of prime beach-front property (“Dragon Beach”) and in development of master plans for Ha-Noi, Da Nang and Ho Chi Minh City. A major supporter of education and job opportunities for young Vietnamese, and author of two important publications which assisted the Vietnamese government and people to re-join the global community: “Achievement Without War” and “Vietnam: Year 2020”.
* Richard Radez President of Russell & Company, an international investment bank specializing in financings for new ventures in Asia. Has performed financial advisory services for, amongst others: ABS Ventures, AIG, Asian Development Bank , GE Capital, Hambro International, IBM, Jardine Fleming, Morgan Stanley, Paine Webber, Robert Fleming, Rockefeller & Co, , Rockefeller Brothers Fund and Shui On Holdings. Worked in Hong Kong, New York and Australia with Jardine Fleming, McKinsey & Co. J. Henry Schroder Bank and Barclays Bank International. Received BS with distinction from West Point and MBA with distinction from Harvard.
Jane Ren International investment banker and advisor. Partner of Centenium Capital Partners, LLC, a China focused asset management group and Senior Investment Advisor for China Investments for CITIC’s China International Economic Consulting Group. Also held executive asset management positions with Nomura Securites, Reuters, and Lehman Brothers. Received MA in Economics from Tufts University, BBA from University of Tokyo, attended Guanghua Business School at Peking University, and serves on the Brown University Advisory Council for China and Asia.
Jeremy J. Schoenfelder Experienced real estate and asset management entrepreneur. President of Sienna Partners, LLC and Director of Development for Turtlesnap Ventures, Inc. Managed two real estate investment funds responsible for project analysis, due diligence, acquisition and administration. Member of the Board of MITC, a NGO that analyses innovative new technologies for application in global community development projects. Received a BS in Mathematics from Northern Arizona University.
* Phillips G. Smith Managing Director of Investment Banking at vFinance Investments, Inc. which recently combined with National Holdings, Inc. to form a nationwide network of 50 brokerage offices which make a market in approximately 3,500 public companies. He has specialized in small-cap financings as well as international infrastructure projects. He was previously SVP of Matrix USA, LLC, Co-Chair of the Investment Committee of Spencer Clarke LLC, and for 15 years SVP of Bank of New York responsible for Fortune 1000 clients and clients in Europe, the Middle East and parts of Asia and Latin America.. He received his MBA with distinction from Wharton, his BE with honors from the Stevens Institute of Technology and served in the U.S. Navy.
Marcela Speert Founder and President of Marcelka, Inc. and Global Management Associates, LLC. And a seasoned executive in the direct selling industry. She has served in senior positions with Pepsi, Colgate-Palmolive, Mary Kay, Aramark, Confab and Nice-Pak Products. Her start-up of Mary Kay in Central Europe was recognized throughout the industry as one of the most successful in history. She has been an advisor on M&A and the direct selling industry to Permira, The Blackstone Group, Oak Hill Capital, Thompson Street Capital Partners, Cerberus Capital and CCMP Capital Advisors (formerly JP Morgan Capital Partners).
* Charles Tang Chairman of the Brazil - China Chamber of Industry & Commerce; Member of the Fernand Braudel Institute of World Economics; Founder of IPEDE – Institute for Research and Study of Economic Development. B. S. Cornell University; Completed Law School at Estácio de Sá University; Doctoral Course at Paris V, Sorbornne; was Assistant Professor of Economic Development; Member of the International Advisory Board of the Wuhan Government; Economic Counselor to the Government of Jilin Municipality; Introduced leasing into Brazil as executive of the Bank Boston.
Bin Wang International Investment Banker with over 25 years experience in China and the U.S. specializing in the Aeronautical and Financial Services Industries. For the past 13 years was Vice President, International Financial Services at JP Morgan Chase and recently became a Founding Partner of Eon Capital which specializes in advising and financing medium and large-size Chinese companies. Frequently interviewed on CCTV and by other major Chinese media organizations. Received his Masters of Engineering Degree from Xi’an Jia-Tong University and Master of Arts in Economics from Illinois State University.
Elizabeth B. Wang Founder of the Chinese Cultural Foundation, the Elizabeth Wang Gallery and most recently, the Greater China Art Fund. Has organized major cultural events at the Palace of Versailles in Paris, the World Economic Forum and China-U.S. Business Summits in Beijing, the Asia Capital Forum in Dongguan, the Institutional Investor - China Investment Forum in New York City and on numerous occasions at the United Nations, Bank of China, National Arts Club and other important venues. Maintains close relationships with Chinese and American political, business and cultural leaders and organizations. She was China’s National Classical Dance Champion and earned her Masters Degree in Arts Administration from the City University of London.
Qing Yang, CPA, is an Accounting Executive at American Express Company responsible
for the preparation and filing of the Company’s 10Q and 10K audit reports as well as for
SEC and other regulatory filings. Prior to joining American Express, she held positions at
IBM and Avon Products with responsibility for the Asia Pacific region’s sales forecasts and
analysis. She has extensive experience in financial accounting and analysis, consolidations,
management information systems and SEC reporting. She started her career with Ernst &
Young after receiving her Bachelor’s Degree from Beijing University School of Foreign
Studies and Masters Degree from Columbia University.
Balin Zheng Leading international banker currently serving as Senior Advisor to Citigroup in Shanghai. Retired after 25 years experience with Bank of China, most recently as CEO in the United States, and also served in Shanghai, Hong Kong and London. Actively involved with the Institute of International Bankers, the China Chamber of Commerce and the United Nations, where on behalf of the UN he has been a guest speaker in Brazil and other countries on Foreign Direct Investment. Graduate of Peking Foreign Languages College and a guest lecturer at Harvard Business School.
Fortuna Audaces Juvit
Turtlesnap Ventures, Inc.
One Rockefeller Plaza, Suite 1010
New York, NY 10020 Tel: (212) 765-4476 Fax: (212) 218-4223
Email: JWA@greaterchinacorp.com
The Turtlesnap Model
December 2008
The world is crying out for innovation and job creation. This is the mission of Turtlesnap Ventures.
Turtlesnap Ventures is an expanding global network of affiliated Turtlesnap venture capital incubators with the sole purpose of starting and developing successful “for profit” and “not-for-profit” enterprises. The Turtlesnap Model is unique, and brings together the resources and lessons learned from decades of successful international venture capital investing.
Turtlesnap Ventures was founded in 2000 as a means of developing companies that can benefit from Global Trends In Technology in the 21st century. It has conducted a series of Turtlesnap Symposia on these technologies with the objective of building profitable enterprises around proven entrepreneurs and with strategic and investment partners that are often identified at the Turtlesnap Symposia (*) with Turtlesnap Mentors (+) or by sister Turtlesnap affiliates (#).
Today Turtlesnap has adapted its systems to become a major engine for starting and building innovative new enterprises around the globe that can achieve both financial and social goals. As David Rockefeller said: “There is nothing inconsistent about being socially responsible on the one hand and doing what is right for the shareholders on the other.”
What Does Turtlesnap Do?
1. Each Turtlesnap Ventures entity (located anywhere in the world where there is a need and desire for job-creating new enterprises) identifies opportunities and entrepreneurs in conjunction with its local Turtlesnap partners. These partners may be private investors, international development agencies and even local governments and NGOs. Companies developed by Turtlesnap can be “for profit” or “not-for-profit” since the same disciplines apply to both.
2. Once priority areas are determined one or more Turtlesnap Symposia are conducted around the selected area to bring together the world’s best experts on the topic. Turtlesnap Mentors and sister Turtlesnap entities also become involved over the Internet. These affiliates will often provide strategic partners, investors, training, management and advisors for the new company.
3. Turtlesnap Ventures then takes over. It provides the following:
a. Up to $1 million as a line of credit to fund incorporation of the company and for creation of a
complete and continuing Business Development Plan using systems and procedures that have been developed over decades by the most sophisticated venture capitalists and by proven entrepreneurs.
b. Ongoing support and access to experts in every area of corporate development. A full-time Turtlesnap Advisor is assigned to each company (but to no more than 3-5) whose job it is to address needs before they create problems and to insure that every company has maximum access to the resources needed for success. Interactive advice is available 24/7 through Turtlesnap Mentors who are experts in the particular area and who are part of a large and growing global database of such experts.
c. Continual monitoring designed to help achieve early profitability which will enable the company to raise growth capital (or donor support in the case of not-for-profits) on the most favorable terms and to achieve independence from Turtlesnap at the earliest possible date. Many incubators get clogged with people who are not true entrepreneurs and Turtlesnap employs disciplines to prevent this from happening. The average stay of a new company in a Turtlesnap
home base is 2-3 years.
How Is Turtlesnap Different From a Typical Venture Capital Fund?
1. Turtlesnap is a corporation and not a limited partnership, which is the normal structure of a VC fund. A LP fund is limited in its life (usually 7-10 years) which often causes fund managers to make investments or to sell their holdings at times that may not be optimal for creating value.
2. As a corporation, Turtlesnap has the flexibility of adding or changing management, directors, advisors and shareholders at any time; whereas a fund is normally locked into its management and ownership structure.
3. Turtlesnap also has the flexibility of creating companies that meet the needs and opportunities of a particular Turtlesnap location (#) unlike most funds which specialize in a specific industry. Sister Turtlesnap companies can also provide expertise and training no matter what the industry sector.
4 Each Turtlesnap entity is designed to become a public company as are the companies that Turtlesnap spawns. Therefore liquidity is available to shareholders and the currency of the stock can be used for management incentives, for acquisitions and for raising additional funding. This is unlike a fund where liquidity is usually achieved at the time of sale and distribution of holdings.
5 Turtlesnap is focused on starting companies around successful entrepreneurs and unique opportunities and not on investing in existing companies. However, a start-up may be an affiliate of a successful company in another location. By founding companies Turtlesnap achieves the lowest cost of entry and therefore the highest potential return. A typical VC firm invests in existing companies, at a higher valuation and often with a requirement to spend additional resources correcting mistakes that could have been avoided if the company had been started and developed correctly from the beginning.
(*) Turtlesnap Symposia has conducted a series of Global Trends In Technology symposia as well as conferences pertaining to specific areas of focus.
(#) Turtlesnap is establishing Turtlesnap Ventures in various parts of the world to assist with development of innovative, job-creating, local enterprises. Turtlesnap invests seed capital and provides proven systems, procedures and Turtlesnap Advisors and Mentors to insure that local Turtlesnap entities and the companies they are spawning have the ingredients necessary to achieve early and continuing success.
(+) Turtlesnap Mentors are part of a growing database of experts who are available on a volunteer or fee basis to assist in building successful enterprises anywhere in the world.
Fortuna Audaces Juvit (“Fortune Favors the Bold”)
Huge resort project gets going
VietNamNet Bridge – A resort project worth a staggering US$8 billion in Quang Nam Province will still get moving ahead after comments from relevant ministries, despite earlier concerns about the viability of this mammoth project.
Provincial authorities have heard positive opinions about the Dragon Beach resort project from six ministries, and have asked the investors to make amendments as required, said Dinh Van Thu, vice chairman of the province.
“The ministries have given good comments on the project,” Thu told the Daily on Tuesday, explaining that the ministries have asked the investors to clarify some key factors such as investment capacity and environmental impacts.
Two American investors from California – Tano Captial, LLC and Global C&D, Inc. – have joined forces to set up the Dragon Beach Company to develop the resort complex of the same name.
The province, upon these comments, has requested the U.S investors make changes to the project’s development plan, he said.
Thu said that the provincial Department of Planning and Investment had met with the investors to talk about the new requests, and the investors were in the process to do so to complete procedures for the project.
Each of the two founding companies has a chartered capital of US$50 million and has submitted papers to verify their financial capacity. However, the ministries have also requested investors to prove the investment capacity to make sure that they can build the big-scale project.
The tourism-entertainment complex, to be located on 400 hectares in Dien Duong Commune in Dien Ban District, will feature many luxury facilities including hotels, resorts, international conference centers, entertainment facilities as well as slot machines for foreigners.
“We (the provincial government) will give an investment certificate if the ministries’ demands are met,” he said. In September, Quang Nam Province passed the project dossiers to relevant ministries for consultation before giving an investment certificate to the company.
In the original plan, the investors wanted to develop casino services there. However, the Prime Minister rejected this request by the investors because casino is a highly-conditional service that requires strict criteria.
Greater China Corporation
Corporate Headquarters
One Rockefeller Plaza, Suite 1010
New York, New York 10020
Tel: (212) 765-4547 Fax: (212) 218-4223
GREATER CHINA CORPORATION
Project List
December 2008
Greater China Corporation (“GCC”) receives a constant flow of ideas and opportunities. In many cases these involve its Directors and Advisors. These Projects are evaluated as to their relevance to GCC”s business purpose (to preserve and enhance the value of every GCC share) as well as what resources will be required to realize value for GCC.
Since we live in a very unpredictable world, many factors that influence these Projects are outside of GCC’s control. Examples are government policies, exchange rates, changes in SEC regulations, and financial markets. While we are dealing with these uncertainties we will continue to keep overhead low, adapt quickly to changing circumstances, and pursue opportunities to generate positive cash flow through advisory agreements and transaction processing in order to keep dilution to a minimum.
The following is a brief description of some of the Projects GCC is developing. In many cases we have a 50% vested interest and in others we are still exploring the optimal structure for all parties. In all cases we look for a way to build substance quickly and to realize the value through consolidation with GCC or by selling or taking public the underlying company. The most effective way of achieving the latter is by distributing some of GCC’s shares to its own shareholders, thereby creating a separate public entity. In such cases GCC shareholders benefit directly from the new shares they receive and indirectly from GCC’s ongoing holding in the new company.
Advisory Relationships -- GCC has been negotiating with a number of major Chinese private and government entities for an advisory role. The list includes China’s largest airline, its largest pharmaceutical company, a major fruit exporting company, and two major city governments. With the change in the world financial order, many Chinese companies are looking to make investments, do acquisitions, and have access the U.S. market for their products. Chinese government entities are seeking ways to move from a manufacturing to a service based economy. GCC is ideally positioned to assist in all these areas.
China Art Fund -- GCC has a 50-50 joint venture agreement for the creation of a major art fund that caters to the growing interest in Chinese art in the west and to Chinese collectors who want to broaden their collection to include western art. GCC is acting as an intermediary in the sale of one major collection, and is also developing a financing plan for the Fund to take advantage of the values available as more collectors seek to gain liquidity.
China Outdoor Recreation Club.-- GCC has a 50% vested interest in this company which is designed to provide an outdoor experience for China’s growing middle class. These facilities, all within easy driving distance from major cities, provide families (and companies) with access to park-like settings by a lake, on a river, near the mountains, by the shore, etc. The facilities are basic and financially self-supporting, and the annual Club membership of $60-$100, when multiplied by the potential market of several million members, provides substantial cash flow.
Direct Sales - -GCC has been working with one of its Advisors to take advantage of the growing need in China and other countries for a way to employ mostly women to become direct sales entrepreneurs. Products are mostly in the skin-care, health and beauty lines, which are in growing demand in emerging countries. This company is in the process of raising its initial seed capital and has already attracted several subscribers.
Dragon Beach, Vietnam --GCC, with its major Vietnamese and U.S. partners, has been negotiating with the provincial and central government in Vietnam to establish a major resort and gaming development near Da Nang, Vietnam. The central government, after a number of indications that they were going to issue casino licenses to Dragon Beach, has still not finalized its gaming policies. However the Province of Quang Nam has decided to go ahead with the project based upon its touristic value, and a final agreement is expected shortly. GCC has a 5% vested interest in what is being termed an $8 billion project.
Mongolia Development - GCC, with local Mongolian partners and U.S. based Envirodesign, initiated a major real estate development project near the capital city of Ulaanbaatur. An important part of this was the use of the proprietary COMPONOFORM™ structural building system as well as a unique solar energy system, SolarMagic™. Both were invented by a GCC Advisor and entrepreneur. At the present time, with world real estate markets in a depressed state, GCC is pursuing the development of the SolarMagic™ system as a way to build value for GCC shareholders.
TongRenTang Wellness Centers - GCC has a 50% interest in this venture, which is designed to provide Traditional Chinese Medicine (“TCM”) products and services in a spa-like setting to international markets. Services include acupuncture, massage, and other oriental treatments. GCC has decided to focus on the high end of the prestige hospitality market and is in current negotiations with a major five-star hotel operator to establish the first pilot TRT spa.
Turtlesnap Ventures - GCC has a 50% vested interest in this Venture Capital Incubator which is designed to encourage innovation and job creation particularly in changing economies such as China. Because of the high profile and great potential value of this venture, a number of prominent investors have expressed interest in being involved
I don't really understand your thinking but IR told me he was going to send out a memo on the CC held yesterday. I had some questions about certain areas discussed and IR said the CEO would clarify. Yes, I've been here a long time and will still be here a few more years. ;)
You have been around for a while...If the cost of a PR was really the issue than this is a dead opportumity anyway. The relavence of a PR is that they would have to release one if they were going to say anything material at the CC...
Did you hear anythig you did not know already? TIA
I believe the object of a CC is to inform shareholders while a PR is to inform and promote to the general public. PR's cost more and are very impersonal IMO. ;)
If the company does not PR anything material before the CC then one knows that the content of the CC will be pretty much worthless...Well maybe except to pacify some folks... But I hoe for that PR...
TFN...waiting since early 2000s...
Not any more...I am riding what I have until something meaningful changes...You can doubt whether I am invested all you want. But these guys dont deserve any more trust from anyone with their head on straight...
The world is full of critics but very, very few can offer sound advice for solutions. People blame the car industry for building gas guzzlers but who purchased these autos. They blame the teachers for their children's lack of education yet the home is the place that encourages learning. The people blame Bush for everything, yet what kind of so-called change do we now have? Same old guard with a new puppet. Just like the coaches in the NFL, NCAA, MLB & NBA-they get fired and then rehired by the leagues. We are what we are because WE are the cause and cure. Go GCC!!!!!!! ;)
The CEO and the directors are doing the best they can with the resources at hand. If anyone thinks they can come up with a better solution to funding this company without huge dilution. Then please state your method during the CC tomorrow. I think both the CEO and the COO would like to solve this riddle more than any investor and tomorrow is the perfect opportunity.
yes it sure is...but i doubt very much if you were ponying up the funds for growth...easy to bitch...
I guess a CC is better than nothig...but is anyone going to be surprised with the answers to the filing status and funding. I can hear the world economy excuse now...Would love to hear something other than excuses...they have one for all cycles of the eco spectrum.....
Greater China Corporation
Corporate Headquarters
One Rockefeller Plaza, Suite 1010
New York, New York 10020
Tel: (212) 765-4547 Fax: (212) 218-4223
JWA@greaterchinacorp.com -- www.greaterchinacorp.com
GREATER CHINA CORPORATION
Notice of Conference Call Update
Date: Wednesday, December 10, 2008
Time: 10:55AM EST
Call In Number: 1-800-955-9014
Passcode: 866638
===========================================================================
Agenda
Announcement of Participants (Please try to call - in by 10:55 AM so we don’t interrupt the discussion and please don't leave until the CC is over. ).
1. Introduction
2. Status of re-listing
3. Status of Financing
4. Summary of Recent Activities
5. Q & A
6. Adjournment
We look forward to your participation.
John W. Allen CEO GCC
Food for thought-Happy Thanksgiving to all!! ;)
"If you don't read the newspaper you are uninformed. If you do read the newspaper you are misinformed."
- Mark Twain
I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
-Winston Churchill
A government which robs Peter to pay Paul can always depend on the support of Paul.
- George Bernard Shaw
Democracy must be something more than two wolves and a sheep voting on what to have for dinner.
-James Bovard, Civil Libertarian (1994)
Foreign aid might be defined as a transfer of money from poor people in rich countries to rich people in poor countries.
-Douglas Casey, Classmate of Bill Clinton at Georgetown University
Giving money and power to government is like giving whiskey and car keys to teenage boys.
- P.J. O'Rourke, Civil Libertarian
Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.
- Frederic Bastian, Economist (1801-1850)
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
- Ronald Reagan (1986)
I don't make jokes. I just watch the government and report the facts.
- Will Rogers
If you think health care is expensive now, wait until you see what it costs when it's free!
- P.J. O'Rourke
In general, the art of government consists of taking as much money as possible from one party of the citizens to give to the other.
- Voltaire (1764)
Just because you do not take an interest in politics doesn't mean politics won't take an interest in you!
-Pericles (430 B.C.)
No man's life, liberty, or property is safe while the legislature is in session.
- Mark Twain (1866)
Talk is cheap . . . except when Congress does it.
- Unknown
The government is like a baby's alimentary canal, with a happy appetite at one end and no responsibility at the other.
- Ronald Reagan
The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin.
- Mark Twain
There is no distinctly Native American criminal class . . . save Congress.
- Mark Twain
What this country needs are more unemployed politicians.
- Edward Langley, Artist (1928 - 1995)
A government big enough to give you everything you want, is strong enough to take everything you have.
- Thomas Jefferson
In the end, no matter how I see it, I hope for the best...
i see your logic but...the ceo gets shares not money for the years he has worked...the new coo does not draw a salary but bought 800,000 shares...harry edelson has over 1mm shares...the ceo's family owns over 1mm shares...i cannot see this company folding before these debts are paid.
If a deal is good it would be good whether they are freely trading or not. The big unknown is how will the company prevail in these troubled times. If they did not have the money to keep their previous promise of being listed when the market was up. I am sure they can not now. Best hope now is that we don't get a Dear Jon that the NYC doors are closed for business...
T
i am very glad that gcc is not trading in today's market...the delisting was perfect timing...it is allowing the company to get some deals signed and make more contacts...i believe the share price next year will be over 1 dollar...happy holidays to all...
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