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I wanted to go to the company's website to check the product they claim they license but got a security warning telling me it wasn't a good idea.
http://www.otcmarkets.com/stock/SCPD/news?id=115049
Star Century Pandaho Entered Strategic Partnership With Ledman for LED Smart Lamp Estimated USD 3 Million Contract
LAS VEGAS, NV--(Marketwired - Sep 23, 2015) - Star Century Pandaho Corp. (OTCQB: SCPD) is pleased to announce that the company has entered a strategic partnership and joint sales agreement with Ledman Optoelectronic Co., Ltd. Based on the agreement, both companies agreed to jointly develop, produce, and market the Pandaho LED Smart Lamp Model PD501.
Ledman Optoelectronic Co., Ltd. (SZSE: 300162), headquartered in Nanshan District, Shenzhen, China, is a professional and leading manufacturer in the China LED industry. Since being establishment in 1993, Ledman, with a registered capital of RMB134, 000,000 is one of the leading enterprises in the world of LED. Ledman has been devoted to providing the best solutions, together with its high quality products and hospitable services. So far, Ledman's products have been brought into more than 80 countries all over the world, along with their reliable performance and praise from customers.
CEO of SCPD Ms. Fen Xing states that this arrangement is part of SCPD's planned joint marketing strategy. She states, "The Pandaho LED Smart Lamp Model PD 501 is one of the key Pandaho licensed products that is attracted to many of our fans." She also states, "The strategic partnership with LEDMAN will greatly enhance our LED Smart Lamp's product development, production and quality control. With the proposed retail price at RMB 399 (approximately US$62.73) per unit, the company is confident that the Pandaho LED Smart Lamp Model PD 501 will be a profitable addition to the company's product line for years to come."
On a separate note the Company has moved its corporation address to a new suite. All future correspondence or inquires may be submitted by mail to 8250 W. Charleston Blvd. Suite 120, Las Vegas, Nevada 89117
LeTV trades on the GEM on the Shenzhen, which is the equivalent of the OTCMarkets, it seems.
https://en.wikipedia.org/wiki/Growth_Enterprise_Market
Growth Enterprise Market (GEM) (Chinese: ???) is a stock market set up by Stock Exchange of Hong Kong for growth companies that do not fulfill the requirements of profitability or track record.
GEM operates on the philosophy of "buyers beware" and "let the market decide" based on a strong disclosure regime. Its rules and requirements are designed to foster a culture of self compliance by listed issuers and sponsors in the discharge of their respective responsibilities. The following major features are to support this philosophy: Greater, More Frequent and Timely Disclosure
GEM requires a listing applicant to disclose in detail its past business history and its future business plans which are key components of the listing documents. After listing, a GEM issuer is required to make half yearly comparison of its business progress with the business plan for the first 2 financial years, publish quarterly accounts in addition to half yearly and annual accounts and a shorter period is allowed to make available these information to the public. To allow market participants easy access to information, GEM has a separate website which provides comprehensive information covering all aspects of the market including company announcements and other information of listed issuers, trade prices and market statistics. Since 1999, more than 267 companies have raised more than HKD 40 Billion in this market.
GEM Sponsor Scheme
In recognition of the pivotal role that a GEM sponsor plays in the listing process, a GEM sponsor is required to satisfy a set of detailed eligibility criteria and assume clear responsibilities in the discharge of its duties. Amongst its duties, a GEM sponsor is required to conduct due diligence and to satisfy itself, to the best of its knowledge and belief and having made due and careful enquiries, that proper disclosures have been made.
Corporate Governance
From the time of listing, an issuer is required to establish a strong corporate governance base to facilitate its compliance with the GEM Listing Rules and adherence to proper business practices. These measures include the appointment of a qualified accountant to supervise its finance and accounting functions, designating an executive director as the compliance officer, appointment of 2 independent directors and the establishment of an audit committee. In the first 2 years after listing, a GEM issuer is also required to retain a sponsor to advise and assist the company and its directors in the discharge of their listing obligations.
Role of the Exchange
At the time of listing the Exchange reviews the listing documents of an applicant to ensure that they comply with the requirements of the Companies Ordinance and the GEM Listing Rules. However, the Exchange does not assess the commercial viability of any applicant. The Exchange similarly reviews all public announcements made by an issuer after it has been listed. However, the responsibility for the correctness, quality and sufficiency of the disclosed information made by an issuer rests ultimately with the issuer and its directors.
In addition, the Exchange actively monitors the trading of securities on GEM and the compliance with the GEM Listing Rules by issuers and sponsors. It will undertake strong enforcement and institute appropriate disciplinary actions if necessary where breaches of the GEM Listing Rules are identified.
Star Century Pandaho Signs Strategic Partnership With LeTV
LAS VEGAS, NV--(Marketwired - Aug 24, 2015) - Star Century Pandaho Corp. (OTCQB: SCPD) is pleased to announce that the company has signed a strategic partnership agreement with LeTV Fashion Channel. Based on the agreement, Pandaho becomes the Spokesperson for LeTV Fashion.
LeTV Information and Technology (Shanghai) Company Limited belongs to LeTV Information and Technology (Beijing) Company Limited, a listed company in the Shenzhen Stock Exchange GEM (SZSE: 300104) and is the first IPO of its kind in the industry. It is also the only internet video portal listed on the A Shares market of China. LeTV is also the first enterprise in the internet industry that possesses its own innovative smart TV, with coverage of 200 million daily under UV frequency and 600 million under PV frequency. LeTV is a leader holding intellectual property rights in the online video movies industry of China.
CEO of SCPD, Ms. Fen Xing, states that this arrangement is part of SCPD's planned strategy to operate in both Las Vegas and Beijing. She states, "With this cooperation with LeTV, the largest internet TV in China, Pandaho will reach millions of viewers every day and the Pandaho brand awareness and brand value will increase."
Here's LeTV.......
http://finance.yahoo.com/q?s=300104.SZ
At least, someone will be making money here.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(c) On May 17, 2015, Fen Xing entered into an Employment Agreement with the Company, effective as of January 8, 2015. Pursuant to the Employment Agreement, Ms. Xing will serve as Chief Executive Officer, Secretary, Treasurer and member of the Board of Directors for an employment term through December 31, 2017. Ms. Xing is entitled to an annual base salary of $120,000 and an initial bonus of 250,000 restricted shares of the Company’s common stock. The Company may pay Ms. Xing in stock in lieu of cash at her discretion. If she chooses to accept stock, the conversion rate will be based on 50% discount to the last five trading day average closing bid price on the date of conversion and the shares will be restricted shares of the Company’s Common Stock.
On May 17, 2015, Jian Zhang entered into an Employment Agreement with the Company, effective as of January 8, 2015. Pursuant to the Employment Agreement, Mr. Zhang will serve as Chief Operating Officer and member of the Board of Directors for an employment term through December 31, 2017. Mr. Zhang is entitled to an annual base salary of $120,000 and an initial bonus of 250,000 restricted shares of the Company’s common stock. The Company may pay Mr. Zhnag in stock in lieu of cash at his discretion. If he chooses to accept stock, the conversion rate will be based on 50% discount to the last five trading day average closing bid price on the date of conversion and the shares will be restricted shares of the Company’s Common Stock.
On May 18, 2015, Yan Zhang entered into an Employment Agreement with the Company, effective as of January 8, 2015. Pursuant to the Employment Agreement, Mr. Zhang will serve as Director or Public Relations and member of the Board of Directors for an employment term through December 31, 2017. Mr. Zhang is entitled to an annual base salary of $96,000 and an initial bonus of 150,000 restricted shares of the Company’s common stock. The Company may pay Mr. Zhnag in stock in lieu of cash at his discretion. If he chooses to accept stock, the conversion rate will be based on 50% discount to the last five trading day average closing bid price on the date of conversion and the shares will be restricted shares of the Company’s Common Stock.
My two shares after the R/S was worth $1.00. Now they are worth $1.40. I normally lose big time post R/S. This time I didn't. It is the only time that I didn't have enough invested to even care, but I sure wish that I did. I could have made some money with this baby if I would have put some money into it. Maybe they knew about my little experiment and decided, "I'll show her" lol.
SCPD has been climbing slowly but surely. Glad I held onto my shares!
I can't believe people are buying into this scam
Today's 8-K.....
Section 1 - Registrant’s Business and Operations
Item 1.01 Entry Into a Material Definitive Agreement
On May 12, 2015, Star Century Pandaho Corporation entered into a Service Render Agreement (the "SR Agreement") with Changsha 3G Network Technology Co., Ltd. for services including the websites build up or development for the related websites, APP, Shops, brochures, digital publicity information and big data analysis. The consideration for services was 4,000,000 restricted shares of Star Century Pandaho Corporation’s Common Stock.
On May 12, 2015, Star Century Pandaho Corporation entered into a Copy Right Purchase Agreement (the "CPR Agreement") with Liu Li for non-exclusive intellectual property rights. The consideration for the non-exclusive intellectual property rights was 40,000,000 restricted shares of Star Century Pandaho Corporation’s Common Stock.
On May 21, 2015, Star Century Pandaho Corporation entered into a Promissory Note with Asia International Finance Holdings Limited, Hong Kong in the amount of $5,000,000 to be received on or before December 31, 2106. In connection with the Promissory Note 20,000,000 restricted shares of Star Century Pandaho Corporation’s Common Stock was issued.
Section 3 – Securities and Trading Markets
Item 3.02 Unregistered Sale of Equity Securities
In accordance with the Employment Agreement with Fen Xing dated May 17, 2015, referenced in Item 5.02, we authorized the issuance of 250,000 restricted shares to Ms. Xing. The shares were issued based upon the exemption from registration found in Section 4(2) of the Securities Act.
In accordance with the Employment Agreement with Jian Zhang dated May 17, 2015, referenced in Item 5.02, we authorized the issuance of 250,000 restricted shares to Mr. Zhang. The shares were issued based upon the exemption from registration found in Section 4(2) of the Securities Act.
In accordance with the Employment Agreement with Yan Zhang dated May 18, 2015, referenced in Item 5.02, we authorized the issuance of 150,000 restricted shares to Mr. Zhang. The shares were issued based upon the exemption from registration found in Section 4(2) of the Securities Act.
In connection with its RA Agreement with Changsha 3G Network Technology Co., Ltd., as discussed in Item 1.01, the company agreed to issue 4,000,000 shares of restricted common stock to Changsha 3G Network Technology Co., Ltd., in exchange for services. These shares were valued at $1,000,000 and were issued based upon the exemption from registration found in Section 4(2) of the Securities Act.
2
In connection with its CPR Agreement with Liu Li, as discussed in Item 1.01, the company agreed to issue 40,000,000 shares of restricted common stock to Liu Li, in exchange for non-exclusive intellectual rights. These shares were valued at $10,000,000 and were issued based upon the exemption from registration found in Section 4(2) of the Securities Act.
In connection with its Promissory Note with Asia International Finance Holdings Limited, Hong Kong, as discussed in Item 1.01, the company agreed to issue 20,000,000 shares of restricted common stock to Asia International Finance Holdings Limited, Hong Kong, in exchange for $5,000,000 Promissory Note. These shares were valued at $5,000,000 and were issued based upon the exemption from registration found in Section 4(2) of the Securities Act.
On May 27, 2015, the Registrant’s Board of Directors approved the issuance of 25,000 shares of its Series A Convertible Preferred Stock to Star Century Entertainment Corporation. Star Century Entertainment Corporation elected to convert $42,887.30 of principal and interest into 25,000 shares of Series A Convertible Preferred Stock.
Section 5 – Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(c) On May 17, 2015, Fen Xing entered into an Employment Agreement with the Company, effective as of January 8, 2015. Pursuant to the Employment Agreement, Ms. Xing will serve as Chief Executive Officer, Secretary, Treasurer and member of the Board of Directors for an employment term through December 31, 2017. Ms. Xing is entitled to an annual base salary of $120,000 and an initial bonus of 250,000 restricted shares of the Company’s common stock. The Company may pay Ms. Xing in stock in lieu of cash at her discretion. If she chooses to accept stock, the conversion rate will be based on 50% discount to the last five trading day average closing bid price on the date of conversion and the shares will be restricted shares of the Company’s Common Stock.
On May 17, 2015, Jian Zhang entered into an Employment Agreement with the Company, effective as of January 8, 2015. Pursuant to the Employment Agreement, Mr. Zhang will serve as Chief Operating Officer and member of the Board of Directors for an employment term through December 31, 2017. Mr. Zhang is entitled to an annual base salary of $120,000 and an initial bonus of 250,000 restricted shares of the Company’s common stock. The Company may pay Mr. Zhnag in stock in lieu of cash at his discretion. If he chooses to accept stock, the conversion rate will be based on 50% discount to the last five trading day average closing bid price on the date of conversion and the shares will be restricted shares of the Company’s Common Stock.
On May 18, 2015, Yan Zhang entered into an Employment Agreement with the Company, effective as of January 8, 2015. Pursuant to the Employment Agreement, Mr. Zhang will serve as Director or Public Relations and member of the Board of Directors for an employment term through December 31, 2017. Mr. Zhang is entitled to an annual base salary of $96,000 and an initial bonus of 150,000 restricted shares of the Company’s common stock. The Company may pay Mr. Zhnag in stock in lieu of cash at his discretion. If he chooses to accept stock, the conversion rate will be based on 50% discount to the last five trading day average closing bid price on the date of conversion and the shares will be restricted shares of the Company’s Common Stock.
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STAR CENTURY PANDAHO CORPORATION
(Registrant)
Date: June 8, 2015
/s/ Fen Xing
Fen Xing
Chief Executive Officer
(Principal Executive Officer)
Star Century Entertainment, Inc. owns controlling interest: 53.66%
Note 1 of the last 10-Q:
On January 8, 2015, two shareholders of the Company agreed to sell an aggregate of 216,000 shares of the Company’s common stock, representing 53.66% of total outstanding shares to Star Century Entertainment, Inc., an unrelated third party, and the Company experienced a change in control. In conjunction with the change in control, three individuals were elected to be the Company’s management, and the Company’s former President resigned. Effective January 16, 2015, the Company’s Board of Directors and Star Century Entertainment, Inc, the majority shareholder in the Company, amended the Company’s Articles of Incorporation to (i) change the name of the Company to Star Century Pandaho Corporation (ii) effect a 1-for-5,000 reverse common stock split and (iii) decrease the Company’s authorized common stock to 150,000,000 shares, par value $0.001. All common stock share and per-share amounts for all periods presented in these financial statements have been adjusted retroactively to reflect the reverse stock split.
The new officers don't have much skin in the game.
150,000 shares (.002%) and 250,000 shares (.004%)?
How many shares do the Shriras have, I wonder?
It does?
c. The Company Profile displayed on www.otcmarkets.com is current and complete as of [JUNE 5, 2015] and includes the total shares outstanding, authorized, and in the public float as of that date.
http://www.otcmarkets.com/financialReportViewer?symbol=SCPD&id=139724
Authorized Shares 150,000,000 a/o Jun 04, 2015
Outstanding Shares 65,166,000 a/o Jun 04, 2015
On May 20, 2015 the Company filed a Certificate of Amendment to the Articles of Incorporation with the state of Nevada to increase the authorized Common Stock from One Hundred Fifty Million (150,000,000) to Two Hundred Fifty Million (250,000,000).
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=vJxC3A2jnJgCJsxhI5dFWw%253d%253d&nt7=0
Scam, scam, scam, buyer beware, do not buy you'll be sorry
Normally, the A/S stays the same after a massive R/S. On the rare occasion it'll be decreased. It's unusual to see an INCREASE in the A/S.
Hard to believe there wasn't enough room between the current O/S of 412,650 and the old A/S to allow them to dilute to their heart's content.
At today's sp times 150M, which you have to think they'll be at shortly, since they already see the need to increase the A/S, the market cap they're going to have will be $60M!
Not bad for a company that as of today has nothing of value.
SCPD - I love the way management just files the Cold blooded 8-K with no accompanying PR.
I anticipate we will get a PR.....pumping some future plans so they can sell the additional 100 million shares they just authorized.
SCPD - Wow, if this isn't a classic penny scam, I don't know what is. A Reverse Split of 1:5,000............
And, now..we have an 8-K increasing the Authorized Shares from 150 Million to 250 Million.
Just as some have predicted.....Massive reverse split followed by new shares...........Classic scam, imo.
There's no telling. I wouldn't hold much hope that the stock will do anything based on fundamentals. Like any other pink, you're going to have to pray they attract traders to the ticker somehow. If not, you'll probably be holding for quite some time.
On the bright side, you only have $120 to lose here.
Where do u think I go from here... I'm holding it.!
2,000,000 divided by 5,000 is 400.
That's exact. Not close.
After the 1:5,000 reverse stock split, you should have 400 shares of SCPD in your account.
This was JRRD.........
I had 2 million shares of JRRD... And still do......
So can anybody let me know my current amount. in USD's...
Thanks..
If this is previously jrrd its a scam beware
No. This IS the SPCD board, now.
SCPD - Thanks for the info! Should we start a SCPD board?
Now we just have to wait for news of the R/S.
Oh, yeah. I want some of this! LOL
On March 25, 2015, the Company incorporated a 100% owned subsidiary in Hong Kong named Star Century Pahdaho Limited, which was established so that investments or acquisition of entities in China may be made. At March 31, 2015, Star Century Pandaho Limited did not have any assets, liabilities, equity, revenue or expenses, and currently there are no plans for any investment or acquisition to be made of any entity in China.
JRRDD - With the low float...it could skyrocket!
Starting to get some volume. Only down 21%, so far.
The float won't be low for very much longer.
JRRD - 100,000 shares would be 20. Not 25.
You did better than I did. I went from 10,000 shares to 2 shares.
JRRD - With the lower float...this puppy can go up fast...with news.
Am I the only one who can do simple math? My value is higher now than it was before the split. I figured if it traded at $.50/share, I would be in the same position as I was pre-split.
Now it's at $.55.
Making room for all the shares they'll be issuing soon.
Thanks for the information on R/Ms. I didn't know. It looks like this company is now into toys. That does not sound good to me at all. This one sounds like a good way to lose money even in the future. I doubt I will buy more. Paper trading would have been smarter here.
No, you don't have to pay this fee.
Now I will also need to pay a $20.00 reorganization fee to my broker.
Let them sit in your account to rot. It'll be a good reminder of what can happen to any trade you make here.
You can also learn by paper trading or simply watching.
Taking into consideration of what you read on the boards is also a good way to learn.
The window of opportunity to make money on a R/M is a small one and doesn't appear often, unlike what you've heard. The same is true of making money post split.
It depends on the circumstances of each deal and the ticker used.
Because my experience is strictly with the worst crap stocks on the pinks, I'd stay clear of them altogether.
That was what they tried to insinuate by the way they worded the news. But, as I said, who in their right mind, would want to keep Shrira around after a merge.
No, it was a reverse merge that was planned all along.
Be interesting to see how this pos trades post split
GLTY. We all learn every day in the otc market... Always do you DD...
Yes, I knew about the r/s so I didn't want to spend anymore than I had to, to learn. I knew the price would tank after the r/s. I looked on this as a learning expense. It cost me one dollar for 10,000 shares pre split. Of course, I also had to pay commission. Now I will also need to pay a $20.00 reorganization fee to my broker. My loss with all this should be around thirty dollars. I guess we should now wait for the price to tank and for news of the merger before buying shares with the intent to make money.
Now you have 2 shares.
That's why I only bought 10,000 shares. I thought everybody was waiting for the r/s before they bought anything substantial. I thought the plan was to make money off the merger, but to buy after the r/s. I will only have two shares in my account when this shows. It still doesn't show. Now I don't know what the next step should be. Should we wait for news about a merger? Should we wait for the price to be driven down? I don't know anything about making money off of mergers. I was just trying to learn with this one. I heard that mergers is a great way to make bank. We already knew they were planning a r/s. We just didn't know when. Maybe this whole thing is a scam. What do I know? Zip as you can all tell by my post. ;) I'm sorry for anyone who lost money. :( I obviously didn't have much in it to lose.
R/S. Traders lose 80% money right off the bat..
I thought we were waiting for a merger which is a good thing. If there is a merger how can it be done?
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STAR CENTURY PANDAHO CORPORATION
As of February 11, 2015, the registrant had 402,510 outstanding shares of Common Stock.
Star Century Pandaho Corporation (formerly Journal of Radiology, Inc.) (“ SCPH” or "the Company") was organized under the laws of the State of Nevada on May 21, 2009. The Company was established as part of the Chapter 11 reorganization of AP Corporate Services, Inc. ("AP"). Under AP's Plan of Reorganization, as confirmed by the U.S. Bankruptcy Court for the Central District of California, the Company was organized to own and develop a professional journal devoted to radiology.
On January 8, 2015, two shareholders of the Company agreed to sell an aggregate of 216,000 shares of the Company’s common stock, representing 53.66% of total outstanding shares, to Start Century Entertainment, Inc., an unrelated third party, and the Company experienced a change in control. In conjunction with the change in control, three individuals were elected to be the Company’s management, and the Company’s former Chief Executive Officer resigned. Effective January 16, 2015, the Company’s Board of Directors and the majority shareholder amended the Company’s Articles of Incorporation to (i) change the name of the Company to Star Century Pandaho Corporation (ii) effect a 1-for-5,000 reverse common stock split and (iii) decrease the Company’s authorized common stock to 150,000,000 shares, par value $0.001.
The Company’s previous majority shareholders had planned to set up a strategic partner to assist in the development of the journal business, or seek a merger partner. Commensurate with the shareholder transactions on January 8, 2015, the Company’s headquarters were relocated to Las Vegas, NV and its planned operations are to be located in Beijing, China. Planned operations include the development of Pandaho (Panda) brand with the goal of licensing or production of toys and other novelties using the brand. Our services will be offered throughout China, Asia-Pacific countries, and the United States. SCPH’s business model includes celebrity and fan value management through the establishment of official and professional fan clubs for the celebrities which the fan clubs will be engaging in event management, philanthropy event, talent show, music festival, music, movie productions. In addition, operations will include Pandaho (Panda) themed areas which include branding, toys, art, culture, services, charity related, entertainment and e-commerce. We believe in building a trusted brand in the industry that creates high-quality economy value of celebrities.
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