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Have you ever contacted the company? They have not had official news or financials in a couple yrs. Do they communicate to shareholders in US? Thanks.
Because XRF is moving lots today, I think CIFS may do something also.
Anyone still following this? It traded in the .40's all day and after hours 810 shares at .3501? Any news?
headed much lower
closing price on 2-14-20 $0.74
CIFS Huge Volume Alert - Friday...
https://www.barchart.com/stocks/quotes/CIFS/technical-chart?plot=CANDLE&volume=total&data=DO&density=M&pricesOn=1&asPctChange=0&logscale=0&indicators=BBANDS(20,2);PTP(50);ACCUM;SMACD(12,26,9);MFI(14,100);SMA(10);SMA(50);SMA(200);SMA(20);RSI(14,100)&sym=CIFS&grid=1&height=500&studyheight=100
* * $CIFS Video Chart 06-18-2019 * *
Link to Video - click here to watch the technical chart video
Link to all SEC filings...
https://www.sec.gov/Archives/edgar/data/1687542/000149315219002985/form6-k.htm
I just emailed Geek Dave to correct the name for this board, which is
China Internet Nationwide Financial Services, Inc.
Nicely invested .007% of 0/S.. Collecting for weeks quietly.
I do want more & thank you for letting me play in your neighborhood.
Happy $CIFS Investing!
LOYS
as clay my friend
Heading UP this AM. Waiting for the
move back to $10. Does anyone have the most recent FINS?
its looking like 9 lives ???? right
cat you train this dead cat to teach me stocks
can you tell me if the shorts are doing good look like lt one dollar lower.
420 joke it to high lol
yepp so much for us high noon is here shorts 2 percent more to this cifs
So much for the selloff and Shorts.
Clay has nothing here. He only exists in the minds of the weak and scared.
Minimal retreat this AM. Filling a gap.
Looks like we will rebound nicely.
In after hours, it kept climbing.
It should open up nicely in a few hours.
Interesting...Looking good here.
Thanks for the chart.
The new date for the FINS is 04/01. Maybe they are good and certain traders are "in the know." Part of the uptick recently has been this NEWS.
cifs has no + pe
videos on this mean it will go down all videos for the poster do the last one was seel right after video
this stock is a dead cat
* * $CIFS Video Chart 03-28-2019 * *
Link to Video - click here to watch the technical chart video
opppss its quite and down lol as it was for a week say some thing to save the cat
Your comments make no sense.
No one believes you shorted anything, other than a light bulb. I'm long and buying like crazy today. Put me on ignore.
You have no clue what dead cat bounce is.
Zero. This is the opposite of a dead cat bounce. Get your terminology straight.
yaaa 6.3 down to 2 is real strong smart a
How is this a dead cat??? Dumbest response ever! There's been low volume last two weeks but the share price has stayed strong ...this is clearly a squeeze
wrong dead cat
Nice GREEN day today, great volume.
I wish I knew why.
Showing down pre-market. Cannot find SEC filings.
Hopefully, someone will post them.
When the financials are released,
please post them here as soon as possible. TIA.
It may be because of the financials.
They will be released on 3-21 and the company may be in a quiet period.
I agree. TDA shows after-hours $3.08.
The date of the financials has changed from today to Thursday. Maybe the financials will be good and word is leaking out. Word always leaks out to those in the know. I am going to go in tomorrow and increase my shares substantially. I've been slowly decreasing my holdings here as I was in the money and there has been no response from the company.
One spot says $3.01 and another says $3.08 after hours. https://ih.advfn.com/stock-market/NASDAQ/china-internet-nationwide-financial-services-inc-ordinary-shares-CIFS/stock-price
I sent 3 emails. No response.
No response at all.
Did the IR ever respond to you?
Were you able to make a connection?
I thought earnings were due out today.
The premarket is UP. Maybe the earnings are known in China and they are good. I looked on their website and could not find any new SEC filings.
No earnings yet? Sheesh.
took a nice gain on another trade and out of this one
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We conclude that China Internet Financial Services Inc. (NASDAQ:CIFS) is a King Zero – just another worthless China fraud.
The Report made allegations against the Company and below is a summary of the major findings of the investigation generally keyed to those allegations:
1. No material inconsistency between the gross revenue in the Company's books and records and the revenue reported in its SEC reports. Gross revenue in the Company's books and records showed no material inconsistency with the gross revenue reported in its Registration Statement on Form F-1 filed with the Securities and Exchange Commission ("SEC ") on April 17, 2017. It was determined that the Company had underreported its revenue to the PRC's State Administration of Industry & Commerce ("SAIC").
2. Loans were verified. The loans to Beijing Ailirui Trading Co., Ltd, Xiamen Jingsu Trading Co. Ltd, Fujian Jin Xin Import Export Trading Co. Ltd and Cai Long Ge (the "borrowers") were in fact made and were repaid with appropriate interest. The borrowers were not "sham" parties.
3. Transactions with Xiamen Beiruichen Trading Co. Ltd and Xiamen Luye Trading Co. Ltd verified. The transactions with Xiamen Beiruichen Trading Co. Ltd and Xiamen Luye Trading Co. Ltd have been verified and the Company reported the relevant revenue in its SEC filings.
4. Acquisition of Beijing Anytrust Science & Technology Co. Ltd ("Anytrust") was a valid transaction. The Company asked Beijing Tianhuang Tongda Technology Co. Ltd to acquire the "big data" company Anytrust and then, for an additional fee, sell it to the Company because the Company did not want to reveal its identity to the seller of Anytrust for fear that the latter would demand a higher selling price for Anytrust if it knew that it was negotiating with a public company.
5. Kashgar Sheng Yingxin Enterprise Consulting Co., Ltd. ("Kashgar SYX")'s 2016 revenue verified. Although Kashgar SYX was only incorporated on December 29, 2016, its reported revenue was significant because customers of its parent, Sheng Ying Xin (Beijing) Management Consulting Co., Ltd ("SYX") in the latter half of 2016, replaced their contracts entered with SYX with Kashgar SYX once Kashgar SYX was incorporated to benefit from certain preferential tax treatments. The revenue from these customers was then booked under Kashgar SYX.
6. The Company's net profit margin compared. In order to establish whether the Company's 2016 profit margins were plausible, the Special Committee compared the Company's net profit margin to the net profit margin of two PRC financial services companies listed on the NASDAQ – one had higher margin and the other, lower.
7. Wealth products services business was sold. The Company's former wealth products services business, described in the Report as a "P2P business," was sold to a third party approximately 2 years prior to the Company's IPO. Accordingly, the Company did not mislead its investors by not disclosing its prior sold business.
8. Internet Content Provider ("ICP") license and the Company's Variable Interest Entity ("VIE") structure verified. The Company's ICP license has been verified and its use of the VIE structure is consistent with its strategy to pursue a line of business where foreign ownership is restricted by China's Ministry of Commerce.
The Special Committee recognizes that its investigation was tailored to investigate the allegations made in the Report, and was not designed to be the equivalent of an audit conducted by the Company's independent auditors. As a result of its investigation, the Special Committee, on behalf of the Company, has adopted, and the management will in the near future implement, a series of measures intended to improve the Company's operations, compliance and internal controls. These measures include, among other things, enhanced corporate policies and practices governing the management of acquisitions and requiring the reconciliation of reports filed with the SAIC and reports filed with the SEC.
An interesting note is that, effective 02-27-2019, the Short Interst in CIFS is only 1.7% - less than 2%.
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