Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I decided to cut my losses.
KGJI SEC Suspension "because of questions regarding the adequacy and accuracy of information in the marketplace about the Company and the market for its securities. KGJI has failed to restate its financial statements for the 2016, 2017, and 2018 fiscal years after its auditor resigned and withdrew its reports on those financial statements and has not filed any periodic reports since it filed a Form 10-Q for the quarter ended September 30, 2019. In mid-February 2021, in the absence of any publicly available information from the media or current information from the Company for about six months, the share price and trading volume of KGJI increased significantly."
https://www.sec.gov/litigation/suspensions/2021/34-91893.pdf
Order:
https://www.sec.gov/litigation/suspensions/2021/34-91893-o.pdf
Its closer alright! SEC suspended!
This is a true "under the radar" stock. A real sleeper. But, the potential is there, and it feels like it's getting closer.
anyne know whats going on with this uptick ? it s a very low floater i know they had a scan of fake gold bars used as deposits anyone has updates ?
KGJI has hit the bottom now. It is going to bound back strong and high. This is the right time to load it up. Don't miss this opportunity. It won't get any cheaper.
just another chinese scam allowed to steal money from taxpayers
KGJI delisted from the Nasdaq to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
Was just playing that song yesterday on my ipod
No gold-plated copper bars, just coppertone...
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Funny, I see golden earrings...
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
None of these posts are about KGJI
and the 100% rise today. What am I missing here? I bought in lower today and was looking for more good data.
Company could have solid gold bars and not gold-plated copper bars. Just saying.
Long read but worth the time. GNGR predicted signets demise long ago, here is the communication with the CEO and Signet. Also Kingold data is to sensitive to post publicly but its similar to Signet. Kingold wanted GNGRs mold technology that is lightyears ahead of Chinas.
Post removed from the GUGR website.
Behind the scenes, we attempted many times to enter new markets and ideas and proposals to similar and even competing companies to work together and increase sales and shareholder value. I contacted SIGNET (ticker SIG) "YES I have emails to back up these statements" too possibly partner with GNGR. GNGR would supply SIGNET (owner of KAY and JARED and other jewelry stores) with new ideas in castings. Signet would receive a large amount of shares in GNGR and GNGR would be a supplier to Signet.
-
When they elected not to work with GNGR (yes they were NASTY) My closing e-mail to the directors of SIG was the following: "With MY help, SIG will rise to $200 per share and GNGR would rise well above $5 per share", I think they figured they can achieve that without my help, I replied back, "ILL MAKE CONTACT WITH YOU WHEN YOUR STOCK DROPS BELOW $25".
-
Well guess what? Signet tanked from $150 to $22.00 ( of course when it hit $24 I emailed the board saying TOLD YA!). Then I said ill be back again when its at $8... READ BELOW! By then the CEO blocked my emails out of denial. On March 16th 2020 the stock fell below $8 as I told the CEO in 2019 (see my email below to the directors)
-
Most of Signets board (still) read my emails (and probably really pissed) but the USA contact who blocked my emails as I get a message saying its been blocked "GUESS WHY" I then posted this on a member Facebook page and the shareholders were furious Signet did not look further into my proposal. Of course soon after my posts were blocked.
-
SO this is the way it is sometimes, We move ahead and also attempt to work with others. GNGR is growing, how is SIGNET DOING? You be the judge. I also spoke to one investor group. I said here is an offer.
Sell 100,000 of the shares they own in SIGNET at $95 ( the price at the time) and invest that $9,500,000 into GNGR and GNGR will build a new state of the art factory and expand sales to compete with the BIG jewelry companies. I would have given them 100,000,000 restricted shares in GNGR and 50,000,000 in FREE TRADING stock. With this deal GNGR would surly rise back to our 2012 high of $.23 per share or even higher. At that "ACHIEVABLE" level the investors would own 100,000,000 valued at $23,000,000 and the 50,000,000 free trading they could have sold with NO 144 waiting period for $11,500,000 ( easily topping the $9,500,000 investment)
-
As it happens, they declined and SIGNET tanked from $95 to $11 then on down to $7.82 per share.
I do believe that this deal would have caused GNGR to rise to $2-$5 per share making their 50,000,000 free trading worth $100,000,000 or more and the 100,000,000 worth between $100,000,000 and $500,000,000. Not to mention GNGR castings sales would be in the millions.
-
If they owned 1,000,000 shares at the time valued at $95 and did my deal, my offer would have netted them far more then the losses. If they owned 1,000,000 at $95 is $95,000,000 and at $7.82 comes to $7,820,000 a LOSS of over $87,000,000 POOF GONE! IF they sold it as I told them before it tanks below $25 they would have at least had the cash on hand not lower valued stock.
-
Can't imaging loseing that much dough in just a few years believing that just because they are a big company they can't fail. IF they took my offer they would have made up to 5 maybe even 20 times thier loss. Imagine that!
-
GNGR is small and when we approach BIG players they seem to think WHO IS GNGR and they dont need us. WELL looks like they made a HUGE mistake having lost $$$ BILLIONS $$$ in share value with shares dropping over 90%+ - OF course I told them ill be back when the stock hits $4 per share.
-
GNGR is expanding on our OWN with NO HELP. Sure we try to see if there are other Opportunities and this issue above is NOT isolated, I have many more similar but dont need to waste my time posting them all BUT you get the idea. IF you want to read another similar event (Click here)
-
Grant Newsteder
CEO
Sure! will keep them in watchlist, signet will come back strongly, while Kinggold is in serious trouble might crash..!!
The share structure is perfect, only 108,553,765 in the float. The CEO owns almost all the issued with some allies holding a few hundred million. Most of the A/S is restricted.
GNGR is more focused on sales and not the share price (yet)
GNGR will be moving up to OTC current once the financials are all caught up. GNGR is all made 100% in the USA and no portion of production in contracted or outsourced.
If you say that the share structure is the reason 2 out of 3 jewelry companies fail. Well then GNGR is the one that does not.
No worries just wanted to once again show that GNGR was right about Signet (1 of 3) and Kingold (2 of 3) GNGR will be the #3 that does not fail.
Sure bookmark GNGR and just watch what is happening very soon. NO pump, No debt dilution conversion just good old fashioned hard work.
Team10
984K MCap?
4.5B A/S
1.09 O/S
the share structure looks so bad if this is a competing candidate jeweler stock?, though the float is low, O/S above 1B most of the time reflect bad management or poor financials?.... other than the reason 2-3 jewelers going down, is there any reason why is this company or stock may be a good deal? or to be on watch list?
GNGR, are you talking about: Gunther Grant
www.gugr.com ??????
Major update.
Mr. Newsteder was 100% correct about SIGNET (ticker SIG) dropping from $140 to $5.40 and anticipated Kingold would not be able to even have that much gold on hand based on reserves known in the world.
And we just saw this post on his twitter page and got confirmation that in fact NASDAQ listed Kingold is in deep trouble.
Some have said in past posts that it is impossible for GNGR to compete with these major operations. It will now be hard for them to keep up with GNGR from jail.
Signet is almost done, Warren Buffets Benbridge is all but close to being done and kingold is done.
That's a lot of done when GNGR is only doing.
People better open their eyes and ears and leave the true aspects of this industry and how to make it succeed to the professionals like GNGR.
Team10
">" />
almost $ 3Billion fake gold bars?....that is perplexing, how do these criminals do things of that level of fraud and think they will get away?....time and again, time and again!, how fu..kd up are they?...
=================================
Nasdaq-listed firm caught up in 83-tonne fake gold bars scam
Bloomberg News | July 16, 2020 | 9:23 am Intelligence China Gold
https://www.mining.com/web/chinese-jeweler-probed-for-using-fake-gold-bars-for-loans/
Kingold collapse coming.
I hope we do not buy based on garbage like Wallet Investor.
Say it ain't so, Joe...(the world series wasn't the only thing fixed)
is trading at historical low. low risk/high reward here. excellent funds protection against coming turbulent markets. $1 Billion dollar net gold assets.
On November 5, 2019, Nasdaq notified the Company that it has regained compliance with the Minimum Bid Price Rule $1
Followers
|
18
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
282
|
Created
|
01/14/10
|
Type
|
Free
|
Moderators |
Third Quarter 2011 Highlights
Business Outlook
Based on the Company's performance during the first nine months of 2011 and management's current outlook for the remainder of the year, the Company has reassured its full year 2011 revenue guidance to a range of between $800 million and $850 million and net income guidance between $32 million and $34 million.
"Our performance in the first nine months of 2011 reinforces our optimism for another year of strong organic growth at Kingold," commented Mr. Jia. "Domestic demand for 24-karat gold products is still robust and we have been well positioned to take advantage of surging consumer demand in China."
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |