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Thank you for the optimism Doubloon.
I hope the positive conjecture of yours and cTakagawa's proves accurate; and, that the rumors you cite are well founded. I will remain long with my shares .. ha ha .. and I will reserve singing the Doors' "This is the end my friend" for another occasion.
sstnow....no it is not done, they are working with a group of professionals to file the 15c-2-11 and get some market makers on board to get this thing trading..
however it should be noted that there is no real proof of this, just rumors at this point,
Is this thing done?
Will it ever trade again?
damn.....another write off in my books..I am tired of doin it...
Come on commies...show us the moneyyyyyyyyyyyyyyyy
No offense...
...but I don't know how going to the actual store equates to information about trading next week and the supposed "big firm" that'll work with them. Don't get me wrong, I hope you're right. But I go to Wal-Mart and Sak's Fifth all the time and I know next to beans about their financials.
Are they pretty nice or just typical? You know, more high end or Wal-martish?
good answer - em.
Because I've been in one of their stores.
Thanks, I hope they do file that form and you guys get back to trading. I had been watching this for a while waiting for some more info to buy on, the fins actually, figured I would have to chase it.
Glad I waited, but not glad for anyone here though. Sorry, thanks for the info though, I will keep watching it. Hopefully they file the form and deliver the auditeds.
GLTYA
For sales - not that I ever saw. Just their standard website that was updated 'bout a month ago.
I guess that could make sense. Did they ever have an active website for sales too?
Yep -- but I guess that is why they state
The website to reply your email is not working, that is why you don't get the response from us
They sent that to you with a Yahoo email? Geez, that's odd.
I asked what was up utilizing their website. This is their response:
We received your emails and thanks for your correspondence. The website to reply your email is not working, that is why you don't get the response from us. Our attorney is working on filing the 15c211, and we want to have the stock trading again soon. Thanks for your support.
Ka Wang
wang_ka@yahoo.com
The answer is that they have done their internal numbers but an SEC qualified accountant hasnt qualified the internal audit. The issue I have is this company makes these grand statements with definative timelines, and gives projections without documentation which is a direct violation of touting rules implemented by Pink Sheets and the SEC. What did they think was going to happen. Be smart and hire the right lawyers and accountants and get it done, if they have the kind of numbers they allege, we can assume they have money so spend some on the right professionals to get the job done.
cTakagawa, you once said, you know this company is for real. From where do you know that? Thank you.
XYZ123, gave the IR guy a reason, why the audited financials aren't still released to the public?
The problem isnt risk assumption, the problem is public statements not followed through by the company. They shouldve stayed dark, if they had they wouldnt have had their registration pulled, its the public statements without supporting documentation. No one wants to be involved with a bad situation, but when you take risk based on corporate disclosure and the company fails completly, not once or twice, but completly it becomes an issue that has to be addressed.
Its not a good situation, I agree with that but I cant be passive. I'm would think they dont want their brand associated with fraud, but you never know.
Management for Kawang definitely is inexperienced when it comes to trading in the public market in the USA. There has been multiple errors that have led to this point of why the stock has been suspended from trading. After the suspension was lifted form 15c211 has to be filed within 2 weeks. But the company can't file that form a market maker has to.
Everyone needs to have a little patience Kawang will come around it just takes time. They have acquired a market maker have all the paperwork ready to file with the SEC, should resume trading next week. Also look out for a big firm to get involved with them and bring a lot of investor support with them. I myself am waiting till trading resumes to pick up more shares. As with anything nothing is a 100% guarantee if you don't like where Kawang is at sell your stock and move on. That is the gamble of trading pink sheets or any other stock.
XYZ,, I am very surprised that they said they were not answering the phone.. I know of one Investor Relations firm and one Business Development firm that have offered them their services and no response...even to people inside the industry that could help them, this plot thickens
The problem with a lawsuit is that they are out of the country, about the only thing you could end up with is the public shell, all assets will be gone... and then even your lawyer will take most of that and you end up paying taxes on the entire settlement..
For what its worth a shareholder went to the address listed and spoke with the IR guy, he said the 211 will be filed this week, new symbol etc. He said he's not answering calls because he's being threatened etc, (what does he expect). Its a comedy of errors and incompetence. I dont know if other shareholders have a game plan, but my course of action if they dont file this week will be the filing of a lawsuit against the company and all its representatives, as well as a public press release and PR campaign notifying consumers of the fraud. Those who wish to join this action will be notified via the engaged law firm. Hopefully it doesnt come to that, but I wont be holding my breath. Good luck to everyone.
Bmo, I already went down that route, that address is the same as the IR person and it is a residential condo in Las Vegas. The CEO is also listed at that address.
It is impossible to tell if this is a designer clothing company making .50 per share or it is someone pretending to be the public arm of that company and has no affiliation at all..
Risk is through the roof right now
Ha was just saying that. Couldnt remember the filing type but Ive seen those before too. I think BHUB and that CEO who is tied with Magic Web has a stock thats doing that filing but those are scams. But yeah it could just be a paperwork thing. If they are for real then it should be ok.
Yeah I think it gets deleted tomorrow altogether. Was this already trading on the greys? If so it means toast I think. I think these stocks go from regular, to grey, then to deleted. They can always try to get reinstated I suppose but they shouldnt of gotten to this point in the first place. But I dont have that much DD here. I have had stocks that have gotten deleted and they never came back but those were companies that were BK or just out right scams. I thought this was the walmart of China? Who knows what they did. Maybe their paperwork was all messed up and the SEC wouldnt take it....
CuttinRog.. it could be something as easy as a signature missing... I am not defending the company because any SEC lawyer could do that for them,,, they are just inept at a US public company requirements...
I will put faith in the last p.r. to a certain extent
LAS VEGAS, NV--(MARKET WIRE)--Jan 18, 2008 -- Ka Wang Holding, Inc. (Other OTC:KWGI.PK - News) (the "Company") is in the process of updating Form 15c211 so the Company can resume trading on the OTC. The Company will release the name of the market maker after the form has been filed which is expected within the next 7-10 days.
Hmm, here's a little DD that's late in arriving :)
http://whois.net/whois_new.cgi?d=kawangholding&tld=com
The website is owned by someone in Las Vegas.
I emailed the guy asking him what his relation to the company was - no response.
Domain name: kawangholding.com
Registrant Contact:
Ka Wang Holding Inc.
Joe Zheng (wang_ka@yahoo.com)
+1.7029950477
Fax: +1.7029950477
4525 Dean Martin Drive # 1112
Las Vegas, NV 89103
US
With chinese cooking oil I think. Sad sitch here, i thought they had promise for you all and was waiting for some concrete verification first.
Maybe they can pull something off, but to be honest this is not a good sign.
Best to you all, still gonna watch here now and then.
Hmm, so what's that mean? We're fried?
Not too good here folks. 13:56 KWGI Ka Wang Holding, Inc. Common Stock 1/29/2008 12(j) Registration Revoked by SEC **
http://www.otcbb.com/asp/dailylist_detail.asp?d=01/28/2008&mkt_ctg=NON-OTCBB
As I said, my Chinese friend's sister in Hong Kong has verified to my satisfaction that there are indeed stores under the Ka Wang name. I speculate that the stock, KWGI, is related to that business. My uncertainty is if there is validity to the $.50 EPS projection. If the audited financials were completed in December as promised and contain encouraging numbers I would expect to have heard from the company by now.
I have noted the talk of KWGI being incapable of conducting business in a fashion acceptable to US investor's expectations. So there could be a further frustrating wait to hear financial news. All that said, if the share price were to drift way down on light volume, I may be inticed to step up to the craps table and place a bet. I already own shares committed to long term, and I will jump in aggressively if good news appears.
it's happened before to penny...
stocks. next question is obviously to name them, right. That would take some time and research - but off the top of head do remember several China companies that started off as being suspect (gave previous example of ABAT, now GBT). Also remember the company that took over Elvis estate that sky rocketed (was speculated on before it happened). Have been several others. Hoping KWGI is next and gets financials out while still under the radar. Key is to not get too excited and buy into the story too deep until get more proof - until then just too risky IMO.
It is still too early to tell if this company is just taking it's time with the listing and it's requirements, does not have the personell hired to take the listing public and work it, or is a complete fraud.. who the hell knows..
I am betting (Gambling) that they are real with a real company behind them. I have been wrong before but I have been right before, something here has a glimpse of being for real.
If they really are earning .50 per share and they can prove it (like they say they can), then Kattie bar the door, there is going to be a rush on these shares that is unprecidented in pennyland.
Correction: from $.19 to $.30.
And the move was a gap up from .09 to .30 just before the close on a volume of 13,463 shares. That is around $4,000. Still random noise. I wouldn't base purchase decisions on that either. It is certainly a reminder to use limit orders. I'm with you Old Pro, awaiting news or more volume. If volume surpassed 200,000 in a day I might perk up.
up fairly big today...
on around 37,000 shares. Just give us the financials and todays move and volume will seem small IMO. not buying more until then though - just being cautious. keeping a close eye out for more News.
Up 11% on 1000 shares volume is just noise. I, too, own shares and plan to aquire more like Old Pro if good news comes. My perverse side wishes that KWGI would get caught up in the worldwide panic selling so I can get in at lower levels. With what Doubloon calls "Vegas money" I would double down. In regards to Bmo's question, I have emailed KWGI too ... to no avail.
It's trading again...
...weird. I'm keeping it until the end!
BMO, yes I have sent several to the company, the fantom IR person, even did a who is search and sent an email to the web design people
They are either
1. too busy to answer
2. do not speak the language
3. not ready to go public, just setting up for it
4. are not associated with Ka Wang at all.. that is the risk here
Has anyone bothered emailing the company and giving them some basic advice on entering American markets?
Regarding the audited financials, the mid Dec news release stated that it would be done by the end of 2007, but that the "final result" would be released as soon as possible...
...which I guess means the audits aren't RELEASED at the end of 2007, rather that they would be finished. Releasing it to the public must be another date.
To think I was waiting to read it for the last four freakin' weeks!
heard all the same complaints on...
ABAT before they got their act together and now are GBT on the AMEX. That's the good side of what can happen. They supposedly have their audited financials done - so should get a looksy soon.
On the flip side - CXTI was great at getting news out to investors and communicating - only problem was they were "perpertrating a fraud" to quote an old friend.
Pulling for them - cuz I have some shares - but more importantly - plan to buy more as soon as they show me some audited financials that comfirm their earnings.
Unfortunately I think they just dont get it with regards to being public, or they have completly incompetent people advising them, you cannot make a public statement guaranting financials and 3 weeks later still not have them, and now make a statement about a 15c211. The Cutler Law Group says they no longer represent the company, and the Vegas office listed is a residential condo. None of this means its not a real company, but one they has no clue how to enter the US mkt, again what a shame this could be a $5+ stock.Time for them to hire some real counsel and get it done.
This appears to be an utter failure to communicate, the company does not understand what it takes to be on the US markets and does not communicate with anyone in the US.
The 15-c-211 is at least a sign there is life on the Ka Wang planet. If this company is for real, then they need to open up the lines of communication.... how hard can it be to hire someone who can speak English and file SEC filings when they come due??? There are people in this country that do that for a living...
I will accept this news release as being a sign that there is the outside chance we are sitting on an .18$ stock with a .50$ eps...
Vegas money only here, time for the company to roll the dice.
I think the latter. Form 15c211 just gets them trading again. They seem to have to provide a modicum of information indicating that they are indeed a real company.
I wonder why they would go through proceedings to get relisted only to have their share price go drastically lower as one poster predicted? To avoid Class Action Lawsuits?
I would hope that the Form 15c211 implementation will be concurrent with the release of audited financials. I agree with you that communication is needed, albeit there is miniscule execution. Yes, what a shame.
Does this have anything to do with audited financials? Or does it just get them back into the market for trading?
Will this help?
Ka Wang Holding, Inc. Announces the Update of Filing Form 15c211
Friday January 18, 4:36 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Jan 18, 2008 -- Ka Wang Holding, Inc. (Other OTC:KWGI.PK - News) (the "Company") is in the process of updating Form 15c211 so the Company can resume trading on the OTC. The Company will release the name of the market maker after the form has been filed which is expected within the next 7-10 days.
Class Action Lawsuits are next, its a shame but this company needs to execute and communicate.
5c-I stand by my earlier prediction
Well, D-Day tomorrow. Thanks for the wild ride KWGI.
Any bets on where it will open tomorrow?
One would assume that if there is not a news release containing positive news and explanation, the price will drop like a rock when it resumes in a couple days. If it resumes in a couple days.
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