What's going on? Lawsuit against Ka Wang or Steven Chu or both?
A company with operations since 1980 and expecting 1Billion in revenue cannot afford decent dollar to trade even on the pinkies.
What a pathetic joke?
If this ever ever trades-it goes into the sub penny range in a huge hurry.
I discovered that I have a private Mailbox just a few minutes ago. Sorry!
The answer of the question where I've got the answer from concerning the message "We should be ready this week to file the 15c211, and we will release the news to the public, thanks." is their official email-address firstname.lastname@example.org. I sent the same message to the yahoo-address (wang_ka...) and to the official address. Accordingly their email-website is working again.
Does anybody know which attorney they have hired? If the answer is "Yes", had anybody contact with him? Thanks.
Not sure how they were personal insults.
We have to question the testimonies since they were false and misleading.
But I will take caution to carefully phrase out the contents in future.
The personal insults stop now. Anyone can post opinions on the company however all investors or interested parties should be allowed to voice opinions and or facts without being insulted or ridiculed..
If you are unfamiliar with how I-hub works read the TOS guidelines
Well said Doubloon.
Thank you for succinctly restating the premise that concious review of previous posts clearly reveals. There are two testamonies that there are facilities in China, there is a doubt as to the authenticity of the company. But I restate, it has yet to be discovered if the alleged stores have any relationship to the stock "KWGI" If the truth is revealed and the stock resumes trading, many of us will be jumping in with our gambling money or we will make a hasty exit to find a better game. Civil dialogue directed toward either outcome is appreciated.
When I researched this little gamble stock I talked to the lawyer that sold the shell to Ka-Wang, He claimed that the people that bought the shell were from Ka-Wang as far as he knew... typical uncommittal lawyer speak.
So one of two things happened
1. A bunch of rich Chinese kids tryed to pull the oldest pinkie scam in the world, starting a publicly trading company that they were not associated with
2. A Chinese clothing company named Ka-Wang bought an American shell and have no clue as to regulations and the roadmap to going public.
So it is either a complete scam and the SEC shut it down for that reason, or they have found an investment banker who is going to bring this stock back to life properly.
This is and always has been a foreign, pinkie, no contact, wannabe .... Personally I think they are for real just bumbling idiots as far as American markets are concerned.
Instead of personal insults that just flame people and alienate them, sit and wait it out, what choice does anyone have...
Has it been discussed why...
...exactly Ka Wang's operations are situated in gambling districts on both sides of the Pacific?
Are they affiliated with casino circles?
Again, I want to believe, but like I said earlier: dubious.
Ohhhh and just for kicks..Here's the blog from where you picked this up and twisted the words around a wee bit
Easy to say the same guy pumping the stock on the German forum as well as this forum.
Will the guy fess up or shall I put two and two together..Unbelievable.....
Unbelievable..There's a new low everytime.
You picked this information from a wall street blog in german.Cute...
Now lets run this by the search engines...
A subtle difference but a clever trick...The company is actually Wang Ka
and here's the original information
Wang Ka Ready The Dressing Lda. Rua De Paris No.183, Loja AK, Edif, Magnificent Court . Rua De Paris No.183, Shop AK, Edif, Magnificent Court. 28483322 . 28483322. Vestuário e Ornamento . Clothing and o
But what the heck..lets run it against a HK database
Company Name: Ka Wang - Pronto A Vestir Limited ~ Ka Wang Company Limited
Registered Address: *************** 183號星海豪庭紫星閣4座地下AK鋪 Macao
Operating Address: ***************
No database search/report is available for this company, please click below link to place a new order.
Cute but stupid.....
Interesting.You claim to have have visited one of their stores and WANT ME to get the address.
What part of my posts have u NOT understood;I am claiming that NOT a single store exists.
Your golden chance to prove me and other disbelievers wrong.
Print the address.
But you and I both know that YOU CANT do that.Simply because it doesnt exist and assuming you come up with some weird address it will be googled up in no time and your little lie exposed.
But if its true then there might just be some substance behind those hollow PR's and thats Good for all investors including me(still holding onto 1K shares)
But the fact that you desisted from typing in the address proves that you're just as hollow as this fluff company.
SSTNOW because you have made it a point to single me out. I felt I should respond to your accusations. I'm not here to research the stock for anyone. You need to make sure you do your due diligence. I didn't purchase shares based off of PR's issued by the company. If you made the decision to purchase the stock based off of unverified PR's then you need to reap what you sow.
I know where I'm getting my information and I trust my sources. My sources aren't PR's and message boards. I've have never pumped this stock. I'm the one who stated the financials were not going to be released by the end of the year. I'm the one who said that Ka Wang's management was inexperienced in the US public marketplace. I said have some patience. This is no get rich quick stock. And I have been to one of the stores if you want the address get it yourself.
But I'll tell you what since you seem so upset about your uneducated investment. I'll buy your shares in Ka Wang for 15 cents a share. You transfer your Ka Wang stock certificate in my name and send it COD and I'll pay you in cashiers check. It gets you out of the stock and you can recuperate some money since its a sure shot sign of a scam.
Can proclaim company worth...
nothing,,,, can get as negative as you want - one good filing changes everything. No filing - will likely never reopen for trading, so doesn't matter. still believe a fair chance they file, this reopens, and even makes a run. also fair chance it doesn't - that's about all anybody can say at this point IMO.
the demeaning of stockholders who hold out hope makes some sound like rookies who got burned for the first time - yeah, it hurts - been there a few times over the years (owww, painful memories)--- don't let it keep you from taking risks on some of these, but always wise to wait for filings. just IMO - get over it and learn from it.
Here's the good news
It cant get any worse than this.Trading has been suspended and if and when this resumes trading it will end up being sub penny status in a hurry.
The bad news is that its very very unlikely that it will ever trade again simply because as LG stated that this company is dubious at best.
There of course is a price to pay when we invest in 'phony' companies without doing ample DDbut what gets me is these nuts pumping a company with facts such as visiting stores in China et al without anything to back up their BS.
They're still looking for gullible investors to dupe them of their dough.
I'm not as angry as sstnow....
...but I have to agree with him. The company is dubious at best. I know a broker in Hong Kong and I wish I had called him before buying the stock. So far he hasn't been able to produce any information on this company. Not a name or address or any evidence of its existence. Either it's not traded in its home country or it is a scam.
"Jagger" itself may be real, I don't know, but I can't find much info on them either, especially whether Ka Wang is in anyway affiliated with them. The only thing I found was online and it said "Jagger" jeans are sold at Saks Fifth for $200-$300 a pair. The Saks Fifth in my neighborhood doesn't sell them though.
I get the feeling that most everyone on this forum (or any forum related to penny stocks) are grasping hard on to their tickets at the race track. We want to be optimistic. We have a horse in the race. But if it turns out to be a donkey, then we have to accept the reality of the situation.
I'm going to China on an unrelated business sometime soon, maybe the end of summer. I'll scour around myself. I'll let you guys know if I find anything.
Are you guys really that ignorant or you will goto any extent to dupe people
This website is a damn joke
© 2000 Best Adv. Studio (H.K.) Limited. All rights reserved.
Thats the copyright on the Kawang page and the home page is like a little kid who designs html stuff for a 6th grade project.
Actually 6th grade students have better websites than that.
The copyright changes from page to page INTERESTINGLY
Wow-the extent you guys will go to dupe people of their hard earned money.
Tell me how many such websites you want me to create with Kawang splashed all over it.....LOL
The 330 tel# in OH is not even an operational number INTERESTINGLY!!
""10,000 square foot corporate headquarters in the city of Zhuhai next to Macau""
---->Does it have a physical address or do folks mail in the format specified by you.LOL-next to Macau
Here's another challenge-Try to get an address from Mr Zheng.
Because this voicemail in Vegas will not give me that
Established since 1980 and not one single address/tel# in China.
All the hallmarks of a SCAM.
I feel stupid not having researched this prior to investing in 1K shares based on a friend's recommendation.
However,I will personally ensure that folks like you stop pumping this share to lure in 0ther gullible investors.
Or better why dont you guys email wang_ka@yahoo to get their corporate HQ address.
There are better scams where the email add reflects the domain name.This is a freakin joke.
The famous actor and model Gilbert Lam worked for Jagger (search "三椒" = 3 pepper sign). Take this link:
He furthermore is or was the face on their catalog:
Here are some leads for a search for reality:
10,000 square foot corporate headquarters in the city of Zhuhai next to Macau
For additional information, please contact:
Ka Wang Holding, Inc.
Ka Wang Holding, Inc
451 Kennedy Road
Akron, OH 44305
Founded in 1980
Ms. Denise Sullivan
Mr. Rob Crosbie
Director of Marketing and Director
J. P. Martin
Executive Officer and Director
I sent this a few months back.
Dear Mr. Zheng,
I am an investor in the Over the Counter stock with the ticker KWGI. Currently, you are the owner of the website http://www.kawangholding.com/. That said, could you tell me your relationship to the company Ka Wang Holdings Inc., located in China?
from Ka Wang <email@example.com>
date Thu, Jan 31, 2008 at 3:49 PM
I am sitting on the board as the director of the company.
The reality is indeed staring us hard.
The company in their fancy little ppt presentation claims millions and millions of dollars in revenue and yet cant spend a few thousand to get them off the pinkies.
A website with no address of their corporate headquarters?!?!?!?!?Doesnt seem right or does it??
Takagawa's visit to a Jagger store means nothing.I am not sure the two even tie together.
A comparison to the IHUB website is as ludicrous as they come.
Please pick any 'real' chinese company and you'll notice an address and a tel no.Always!
I hold 1K shares of this company but lets be fair to other readers who might happen to chance upon this website to see ridiculous statements from the likes of Takagawa.
Lets do another simple test for your 'buddy'-Takagawa
Please tell us the address of the store he visited.Rest assured I will get a tel# and call them and hopefully establish a relation with KawangHoldings.
If I can -I'll be ahppy my $1360 investment isnt goin to 0.00
I'm inclined toward your thinking OldPro.
Waiting can try the patience and compell one towards hyperbole in hopeful pumping or cynical bashing. So far the comments here have been thoughtful, civil and succinct. I hope that we get less crass comments like "What a POS!" and unsubstantiated inuendo as "The website is a carefully crafted fabrication." Try as I might I can't find an address for Ihub but I won't suggest that it is therefore a scam.
Weighing presumtious rhetoric with cTakagawa's comment that he has "been in one of their stores" makes it clear what is "concrete" and what is opinion. I am not seeking to debate anyone, but I do welcome articulate thoughts based on research, experience and analysis.
We shall all know the reality eventully.
one filing - such as the purported...
audited financials, would solve most of the mysteries. Not a lot invested yet - but like have been saying since late last year - will take a gamble if post audited financials that back up their numbers.
Not relying on hope - watching to see if company will follow through on their stated plan.
Dont raise your hopes.
The website is a carefully crafted fabrication.As I said no address or any relevant information that could remotely be called 'concrete'.
This has SCAM written all over it.Another write down for 2008.What a POS!
they took the link to audited...
financials off the website - but at least we know that this major step appears to be done. Still incredible potential and I'm still waiting for that filing to buy in big (not to mention it's currently not trading - lol).
With audited financials in their back pocket and a few key filings - this is certainly one to keep a close eye on over the coming weeks/months.
Apparently,not much choice.The SEC is clamping down hard.I have written off my $1360 investment in KWGI
Anythin here onwards is a BONUS
The unseeable financials are hopefully another, albeit, bumbling step toward 15c211 compliance. I hope the financials are more accurate than their spelling: "Ka Wand."
Paitence is a virtue. While holding all my shares virtue is the only recourse.
Yeah, no dice on that link...here's the link location...
...I'm guessing this will be fixed soon.
If they file the 15-c-2-11 they should be trading within 2 weeks, unless there is an issue, then add 30 days.
So if they refile this week, how long is it before it starts trading again?
first they have to lift the suspension, and get back to trading, to do that they need someone who can guide them through the process. witout a lawyer and or financial advsor or institutional investor types this will not come back.
Does anybody know something new?
I'm concerned because the company ignores its shareholders questions.
On the other hand I found a lot of reasons to believe, that this company is real. A model named Michal Bolton for example, who writes in his curriculum, that he has worked for Jagger in 1996. Or search the term "ka wang company" via google and you can find some interesting conclusions.
But now it's time to give a statement. Patience is running out.
One more question on cTakagawa: You said you were in one of Ka Wang's shops. Can you tell us, in which city and can you describe what you've seen, please? (Which clothes they offer? a big or a small shop, staff...). Thank you.
Has anybody heard something from Ka Wang the last days?