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good find--- now if the company would simply release some financials, the shares would fly.
it's a terrific gamble at this price-- why not invest a few hundred, that will be worth ten thousand if financials come out!
Just found this article...may explain why the activity has picked up a little bit lately.
http://seekingalpha.com/article/415771-why-i-was-right-about-home-depot-lowe-s-taking-off
i sold some of my shares I bought with 0,02 to take some profits and switch to CHRI . They were easily abosrbed it seems.
I will stick with the rest and wait for the filing
Something going on here?
A lot of shares being bought today, on the ask.
Would love to see financials here--- stock would run WAYYYYY up!
Last financials (back in 2010) showed about .20/share annual earnings, so even with the current silly China small cap valuations, this would be an easy triple from here!!
We know they have been operating and shipping since then, and probably growing, as the economy has slowly recovered from 2010 levels.
i'm not sure.. Pretty sure they'd have to catch up the old 10k's before they release anything newer.. but then again, in pennyland it seems all rules go out the window sometimes lol
if they decided to return to filing status, do they have to file as well all the quarterly filings missed in the past?
Or can they just start again with the 10k 2011 ?
If not( what I assume), the burden and the bill gets larger every quarter.
Perhaps they just wait for the right timing to return, but what would be the trigger?
yes, if only they would file.. they make money, they just dont do paperwork lol It'd be double right now if they did
yes ! How much is in the ask until 0,8 ?
I assume it takes one order to get there.
If only they filed, this would be easy doubling or tripling .
theres been slow buying lately, and the MMs dropped the bid/ask this week.. something is definitely up
It Looks like HSYT sister company BFAR is showing signs of life.. Can HSYT be far behind.............imo
havent heard anything.. hopefully they get a report out by 2020 so I can sell some shares lol
Auditors?
Anyone know if auditors are still working on the reports? I just went out on a limb for another 11,000 shares at .04.
point is that there has been zero volume for weeks, and this week is being bought.. slowly..
which is not to bad for a share trading only every 3 weeks or so.
Just my opinion
its only $20k dude...
400,000 on monday.. maybe someone knows something?
190.000 shares in 1 block is not to bad for HSYT , is it?
It's kind of ironic that you ask about shipment reports and just today I get a new one that is kind of nice. If you were around earlier this year, you'll remember that HSYT shipped thousands and thousands of barbecues to Rona the largest Canadian hardware store chain with 700 stores and over 50,000 employees.
So this is either an early start for a buttload of new bbq shipments, or perhaps lights or other items HSYT produces. My guess is we'll see a large amount of shipments to Rona in the coming months. Sigh. Now if they'd just file so we could share in the wealth. Bastards.
I agree with you, the benefit is perhasps limited. However, keeping the board alive at least shows some interest about the counter, which may be registered as well.
But I do not want to keep your busy more than necessary.
Let us hope some newsflow will come for year end results 2011
I receive shipment notices on a regular basis.... there is simply no point posting them as we all know that HSYT is alive and well, it's only a matter of whether they choose to file financials or not.
The 400k order yesterday was an encouraging sign, somebody wanted some shares. Interesting it happened right around Chinese new year.
as dead as a doornail.
Perhaps to motivate at least some transactions it would be good to have updates about shipments or other signs of life.
That would be great.
btw: Can the auditors finalise their work and HSYT just decides not to publish it but keep it for a later day?
But why should they do it ?
Wake me up when it hits .50 a share.
yep.. kinda weird right? i'll be watching...
~ Somethin' Funky going on here ...
400000 share buy at .05 ?? $20k ??
GLTUs
hmm someone just bought 400k at the ask...
lol good point.. I bought early, sold some off, and i'm here for free now.. but I still want financials damnit!
I had a bid in for a long time. Finally picked up 6500 more shares at .045. I am now considering any buys I do on HSYT as gambling, not investing. Roll the dice! Spin the wheel!
If they EVER file financials, it should payoff. If they don't it's no different than a trip to a casino.
I thought it is rather the disappointment of a few investors that nothing happened after the expaectations rose end of last year.
It would be good if there were some transactions on the ask-side confirming interest around 0,07 or higher.
I would hope so, they have paperwork thats a year behind due lol
Seems like trading has been picking up here the last few days--- is an SEC filing coming?
damn this stock and its wacky trading habits lol Please get your paperwork in order in Jan!!
shorts covering today, or MM's loading up before a run? something is definitely up today and I want to know what it is lol
That's because you need an actual buyer or seller counterpart to complete the transaction. If it was so easy to buy at the bid and sell at the ask for a 100% profit, everyone would be doing it.
thats what I was hoping for, so I loaded up at 4 and 6.. wont let me sell OR buy the last 2 days tho!
I agree!! Pathetic ihub allows this type of activity!!the trend is soooo obvious!!
If hsyt ever files financials it could be very valuable !!not holding my breath on that one though!!
Btw-I bet your buy order @ .02 fills soon!!
Good thing actually...wait till it drops to .01, then buy down if you wish!!
Btw-appears the toucan bird has left the building!!
TOUCAN?
i think the buzz has left. time to hunker down keke.
this stock is starting to piss me off, it wont let me sell at 9 OR buy more at 5 wtf lol any thoughts?
actually, hsyt is down. TOUCAN?
we got caught up in the bfar cloud. look where bfar is now.
it did get mighty quiet huh lol I tried selling my position at .09 on friday but it didnt go thru.. methinks something is up..
Man o man did it get quiet over here!!volume fell off the face of the earth!
I see there are no filings yet,maybe hsyt thought they had a full year to file from the march 16th date on the NT 10q???
thats good news.. I agree tho, we need to see some papers!
New customer....
Looks like it is still business as usual, other than the bastards not filing their financials. Here's a new customer for Weihe, which is their electrical/appliance division.
Since I'm not American, didn't even know about this chain of stores. Over 800 of them... nice chain to become a supplier to...
website
I hope you're right, West.. I made a few $ on it, then bought more when it hit .06 with my profit.. If financials come out and they're good i'm in super shape...
ehh you could be right, but the way it hung at 5 all day then came back to finish up EOD seems fishy.. like maybe shorts covering? PS thanks for the PM Snizzle, i'm always careful or at least try to be lol
The shaking of the tree was under 2000 shares. If the financials were done we wouldn't be able to buy it at under 10 cents..It is a gamble but worth the reward to risk..IMO
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http://www.homesystemgroup.com/
Home System Group ("HSYT") is a US listed company, whose China-based operating subsidiaries, Oceanic, Well Profit and Weihe, are primarily engaged in the production of a variety of household appliances, including stainless steel gas grills and ovens, ceiling and table fans, decorative lamps, LEDs, energy-saving lamps and skateboards. HSYT's products are primarily manufactured in Well Profit and Weihe's facilities and sold through distributors to retailers in China, America, Europe, Australia, Africa, and Southeast Asia.
In order to achieve its corporate vision of "providing the quality product service, pursuing to the perfect life", Home System Group has been continuously devoted on the consummate management system and perfecting the corporate operation. Furthermore, the company dedicates to strengthen the product quality inspection, to develop the international service and cooperation, expanding both domestic and oversea marketing network; Constructing the corporate culture, condensing the core competitive ability, leading further improvement on the management level and the business operation level.
==================================================================
Subsidiaries:
Oceanic International (Hong Kong) Limited
Hong Kong is well known for its central position in fields of global finance, trade, shipping, and information technologies.
Oceanic International (Hong Kong) Limited is registered in Hong Kong and located at the Pearl of Orientals in 2004. It is mainly dedicated in the distribution of laser printers, water pumps, barbecue stoves, fans, electrical heaters and other household appliance. The company has established the strong partnership with NEXGRILL, the international famous manufacturer of household gas BBQ stove, Oceanic International (Hong Kong) Limited is the largest partner of the well-known corporation -WHALEN which dedicates in hardware and household products. The products have been distributed to American, German, French, European, and Australian markets. At the same time, it will extend its popularity through E-business, exhibitions and other modern sale channels.
==================================================================
Oceanic Well Profit Inc.
Oceanic Well Profit Inc. specializes in designing and producing the gas grills, household water pumps, hardware cabinets, juicers and other green household electronics. The company is one of the most professional and largest manufacturers of the gas grills in China, with the maximum annual production capability: 650,000 units of BBQ Gas Grills, 1 million units of skateboards, 3 million units of water pumps and 2 million sets of hardware cabinests.
Manufacturing facilities operate efficiency while maintaining high workplace safety and environmental compliance standards. There are 500 regular full time employees and in peak season for home appliances buying, it usually hires another 300 employees.
Stainless Steel Coffee Pot Production Equipment
The main products for Stainless Steel Coffee Pot Production Equipment including coffee pots and other appliance coffee related.
The productivity is about 1.56 million sets parts of stainless steel coffee pot with productivity of over 10 million US dollars annually.
It has strong R&D technology ability, which includes 42 national patents. The main direction of R&D is the domains of the deep-processing of the sheet of stainless steel, new types of the heat preservation containers and the household electronic appliance.
==================================================================
Zhongshan City Weihe Appliances Co., Ltd.
Zhongshan City Weihe Appliances Co., Ltd. was established in Oct 1998, it's a company which dedicates on the processing and exportation for home appliance products which including European style decorative ceiling fans, decorative lamps, energy-saving lamps and so on, the company is an export oriented manufacturer. The total area of the company takes about 427000 square feet with the 8 modern plants shared 323000 square feet. The company equipped with over 300 sets of facilities and inspection equipments, several outstanding electrostatic spraying production lines, semi-automatic pipelines and high-speedy punching machines.
There are over 650 employees including over 48 engineers and administrative staff. The total annual production capacity is about 4 million ceiling fans, over 6 million sets of decorative lamps.
Management & Directors:
Management:
Lei Yu
CEO
Mr. Yu, age 46, graduated from Zhejiang University of Technology with a B.S. degree in Mechanical Engineering in 1983. In 2002, he received a MBA degree from Xiamen University. Since September, 2008, he has dedicated his time to completing the Ph.D program thesis at Wuhan University Law School where he will graduate in June, 2010. From September, 2007 to August, 2008, he was the Vice President of China Wallink Investment Group ("Wallink"), where he oversaw the operational and financial activities of Wallink's portfolio companies. From October, 2005 to August, 2007, Mr. Yu was a Senior Vice President of Ever Fortune International Holding Limited ("Ever Fortune") where he directed the company's transition to an infrastructure construction industry including road, harbor, and bridge construction. He also restructured Ever Fortune's capital structure. From January, 2001 to September, 2005, Mr. Yu was the director of the investment bank department of China Taisheng Investment Holding Limited ("Taisheng"), where he managed Taisheng's mergers and acquisitions activities. During the period from July, 2002 to June, 2003, he was appointed by Taisheng, to be the Chief Executive Officer of one of Taisheng's portfolio companies-Hebei Huda Technology & Education Development Co., Ltd. ("Huda"). In this role he lead the transformation of Huda's business from the hotel and retail industry to manufacturing and distributing electric wire & electric cable, restructured the company's capital structure, and significantly upgraded Huda's internal operating and control systems.
Jianming Xu
CFO/Director
Mr. Xu,age 34, has served as Special Assistant to the CEO of the Company since August 2008. Mr. Xu served as Chief Director of Audit of Stone Investment Group from October 2002 to July 2007. Prior to that, he was an Audit department manager at an international accounting firm (BDO members) from October 1998 to September 2002. From September 1996 to September1998, he was Finance Manager at China's Shaoxing City Textile Group.
Su Wen Jie
Senior Vice President
Mr. Su is the currently the Senior Vice President of Home System and joined the Company in 2005. Mr. Su brings to Home System years of expertise in employee training, overall corporate guidance, product design, production, and information exchange. His experience has been broad as Mr. Su is a published author in the field of international business and is a key asset to the Company in regards to understanding U.S. business and practices. Mr. Su also spearheads the Company's customer relations, marketing management, product research and development and quality control. Mr. Su is a graduate of Brigham Young University
Liu Jing
Secretary of the Board
Ms. Liu Jing is currently the Secretary of the Board for Home System and has been with the Company since 2004. Ms. Liu has extensive international business expertise and is critical in assisting the Company with their export business. From 1991 to 2004, Ms.Liu was the International Grading Manager of Zhong Shan City China Czechoslovakia Steel Pipe Group Limited. Ms. Liu received her degree from the Guangdong Foreign Language Institute in 1991 where she majored in International Trade Specialization.
Li Min Hong
General Manager
Ms. Li joined the Company in 2003 where she is currently the assistant to the CFO of Home System. Ms. Li utilizes her over 20 years of experience to facilitate the implementation of financial controls and accounting procedures. From 1986 to 1993, Ms. Li was the financial manager of Zhong Shan City factory. Prior to that Ms. Li was the financial manager of Zhong Shan City China Steed Steel Pipe Limited Company. Ms. Li is a graduate of Sunwen College with a degree in Financial management
Liu Dong Bing
Finance Manager
Ms. Liu joined Home System in 2003 where she currently serves as the Finance Manager responsible for internal accounting procedure. Ms. Liu has several years of finance, accounting and ERP related experience having served as the head of the finance department for Zhongshan Steel-Tube Group. Mrs. Liu is a graduate of Xiangtan University in 1989¡£
Li Wei Ming
Analyst
Mr. Li joined the Company in 2003 and currently serves as the Head of the Company's Tube Division. Mr. Li has several years experience in financial control while also teaching at local universities as it relates to accounting principles and international business.
Directors:
Weiqiu Li
Chairman
Mr. Li Wei Qiu, aged 49, graduated from Guangdong Radio & TV University with the Bachelor degree in Economics. Also, from 1993 to 1995, he studied in South China University of Technology and majored in Automation Control. Since 1998, Mr. Li Weiqiu has been the Chief Executive Officer of Zhongshan City Weihe Applicances, Co., Ltd. Mr. Li has over 20 years' experience in product design, research, development, manufacture, and company management area.
Kinwai Cheung
Director
Since June 2004, Mr. Cheung has also served as the Administrative Manager of our largest subsidiary, Oceanic International Company Limited. Prior to this time, Mr. Cheung served as the Chairman and Chief Executive Officer of Kang Teng Trading Company Limited in Zhongshan City, China, from May 1998 to May 2004. Mr. Cheung received a Bachelor degree in Business Administration from the Zhongshan City Shunwen College in 1989.
Xiao Yongzheng
Director
Mr. Xiao Yongzheng graduated from Hongkong University where he attained a MBA. Since June 2009, he has been with China US Venture Capital Group as vice president. From October 2006 to May 2009, he was General Manager of Investment Management of Shanghai Wanye Enterprises Co., Ltd. From August 2004 to October 2006 he was Vice President of Singapore TaiChen (Shanghai) Investment Management Co., Ltd.
Huafeng Chen
Independent Director
Mr. Huafeng Chen, 35, is a Chinese Certified Accountant-Medium Level. He graduated from Hunan University with a degree in Accounting in July 1997. Since September 2004, he has been the director of Internal Control department in China Nepstar Chain Drugstore Ltd., which is listed on NYSE. He is in charge of the management of overall accounting operations and internal system set up over the financial system. From June 2002 to February 2004, he was the director of Internal Control department and also the financial manager in accounting department in China Resources Vanguard Co., Ltd, where he provided leadership in internal control system and financial system management. From April 2000 to May 2002, he was a project manager in Huatian Hotel Co., Ltd, where he oversaw projects' cost management and analysis.
Yidong Xiao
Independent Director
Mr. Yidong Xiao, 34, is a Chinese Certified Public Accountant and Certified Tax Agent. He graduated from Hunan University with a degree in Accounting in July 1996. Since November 2006, he has been the director of the audit department in Shenzhen Yuanfeng Co., Ltd., a public accounting firm, where he works as an auditor responsible for audits and verification of client companies' financial statements. Shenzhen Yuanfeng Co., Ltd. does not provide any services to Home System Group. From November 2000 to November 2006, Mr. Xiao was a senior manager in accounting department of Hunan Yixin Chuanghui Co., Ltd. From September 1997 to October 2000, he worked as a staff accountant in Guangzhou Xinda Industrial Co., Ltd., where he was in charge of general accounting. From July 1996 to September 1997, he was an accountant in Hunan Hengyang Secondary Construction Engineering Company Limited
Yiming Zhu
Independent Director
Mr. Yiming Zhu, 47, is a Chinese Certified Accountant-Senior Level. He graduated from Hangzhou Dianzi University with a degree in Economics in July, 1986 and in 1996, he received a Master degree in Construction Management from the same school. Since 1988, he has been working in China Electronic Corporation ("CEC"). CEC is the largest state-owned information technology company in China, with over 60 subsidiaries around the world. In September 2008, he was appointed to be the President of Amoi Electronics Co., Ltd., one of the CEC's subsidiaries, where he provides executive leadership for the company's strategy and operations with full income responsibility. From April 2007 to September 2008, he was the Vice President of Panda Electronics Group Co., Ltd, one of the subsidiaries of CEC, where he oversaw the company's accounting department and streamlined the accounting and billing activities, improving efficiency and profitability. From 1988 to 2007, Mr. Zhu worked in various financial roles of increasing responsibility with CEC.
Share Structure:
67,490,166 O/S
200M A/S
62,477,949 Insider Holdings
5,012,217 Float
Transfer Agent:
Securities Transfer Corporation
2591 Dallas Parkway Suite 102
Frisco Texas 75034
Phone: 469-633-0101
Fax: 469-633-0088
Company IR:
Eva Wang
347-624-5699
vp@hsytgroup.com
Auditor/Accountant:
Acquavella, Chiarelli, Shuster, Berkower & Co. LLP
732.855.9600
http://acsbco.com/index.html
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