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only day one this could get fun imo
~ Wish I had those back ...
Had a GTC sell in for YEARS now ..
That's OK though , as I am "STUCK" with a few more ...
GLTUs
interesting grabbed some low .02's might be a new mj play who knows
$QING joing the marijuana industry?
Trinh Ta Signed this 15-12g:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9930918
http://investing.businessweek.com/research/stocks/people/person.asp?personId=252441753&ticker=LATF
Thanks wonder what her plans are
did a google search, is this the one?
http://investing.businessweek.com/research/stocks/people/person.asp?personId=252441753&ticker=LATF
Interesting!
Here you go bro! GL!
who is this Trinh Ta - President who signed 15-12g?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9930918
.03 look where most of the volume was traded when it was last active
http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=6782&i=QING&pv=stock-chart&puv=110794#&&vs=635337868373423921
.017 showing life 15-12G filed today 1st filing in 43 years
http://www.otcmarkets.com/stock/QING/filings
I may try to get some .001's Monday if they come again?? Doubtful though
No i have way too much money into this pos just have to hold and hope they do something some day.
Wow big volume here, you sellin' for a tax loss Gumz...??
me again, is this one still live?
man i have so much of this pos i hope they get their heads out of their asses and do something.
Thanks, that looks a little better. I was looking at TD ameritrade.
Qing...not sure I've ever seen a bid/ask spread this far apart
.0271 x 2200.20
yes we can roll ! we have another play-dough company here .
Hey my QING friend... It is August 2012, friend or foe when we going to grab that savidough?
Foe sure if you follow my post, you know where to go...
Why dont weeeeeeeeee show them how weeeeeeeeee roll?
Somebody finally cut their losses and sold out at .025. What I do not get is why somebody would buy 4000 shares at .07.
Somebody finally cut their losses and sold out at .025. What I do not get is why somebody would buy 4000 shares at .07.
not sure but we need more of it.lol
Still alive ? who did that ?
Let's fly Richard to China !
I sent the IR group listed a email in December and they replied back that they no longer represented QING. Shortly after that the IR firm listed in OTCMARKETS.com was shown as unavailable. They still have a contact for their accountant/auditor but I'm not sure they would provide you any information. Hope you find something. Maybe I can find a chinese speaker to call or write them and see if I can get some information.
Thanks brother i will try that. I also will try the contacts listed below again in the last PR dated August 2011 . Last time i spoke to them was last august when Kevin said they were new IR trying to give company ideas to get share holder confidence. I then tried to call him a few months later for updates and got no response so dont know what happened but will try those numbers again on monday. I kept averaging down thinking this thing would eventually bounce and they basically went quiet after August. With the revs and profs they were showing with only a 12 mil OS and 2 mil float i thought this would eventually be a huge bouncer and am extremely disappointed. Starting in March 2011 they even announced some FS and divvy which we never got. At this point if i just make my money back i will be happy but that aint gonna happen if company dead.
This was a contact email for the QING CEO that Richard gave me while back, I don't know if it is real or not as I never tried contacting him but considering you have $20K wrapped up in this it certainly couldn't hurt to send him a message and see if you can manage to get a response.
For all I know it might be a bogus email address, I like Richard but I don't know if he is necessarily the most scrupulous guy....lol...I know he has used a few aliases on Yahoo and iHub in the past so he could have been blowing smoke up my arse for all I know.
Might want to use Google Translate to send a message in English and Chinese as well as I don't believe he speaks English.
It's BS what this company did to investors, seems like they just vanished, I wonder if the Chinese government came and shut the place down, took it over or something, they did owe a massive amount of unpaid taxes....hmmm.
?? <wangtao0588@yahoo.com.cn>
No need to translate. This con probably was run out of New Jersey.
Post your financials Qing! You have screwed up a lot of us white folks money!
Well I have 3K into it averaged out at about .13. Pretty much I have $500 bucks left based on Level 2 bid. I had hopes and dreams of $8 per share.
you are? i have 20 grand into this pos.they better do something some day
nice SS, they did have news and awesome revs then nothing for a year plus.
My opinion is that we are all just greedy stupid people.
( I know I am ). Chinese shoe distributor ? No factory ?
No news? No Richard ? Can we get those phonebooths back ?
Me too i am in heavy here thing moves on air but we need updates to move it. WTF
I called Mr. Kevin Fickle yesterday. He is no longer in charge of "investor relations" for QING. He offered to give me another contact name & number, but this contact does not speak English. It frustrates me that Volume went zero, and financials have not been released.
I vote for Chinese fraud stock .
no clue thing was reporting revenues and IR had good things to say. Now no filings and i cant get a hold of IR. Hope they get their head out of their arses soon.
QING- What is going on? Is this a chinese fraud stock? No volume now whatsoever, and no financial results in what seems like forever. I bought in based on amazing so called revenue/PE whatnot. Any freaking news?
i am still here wish those morons would file
Glad someone else is here. That was me yesterday. Now
that I'm rich I'll buy you a beer !
I'm curious. Do you think there are financials ?
~ I'm afraid it won't last long ...
Since the loser CEO has chosen to NOT file the latest financials ...
QINGE.OB will trade on the "pinks" tomorrow as QING.PK ...
Typical Chinese "pinky" I guess
GLTUs
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269 First Huashan Road
Jimo City
Qingdao, Shandong
China
Phone: 86-0532-8659 5999
Main Site: http://www.hongung.com/
Shopping Site: http://hongguanqd.tmall.com/
User-Content Contest: http://hongguan.chinamengxiang.com/
******* Most Recent Financial Statement : http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8103904
Business Description
Qingdao Footwear, Inc, through its subsidiaries, is a retailer and designer of high quality leather footwear throughout China under the brand name "Hongguan" sometimes presented as "HonGung". The Company offers a variety of men's and women's casual and business wear shoes. Products are primarily designed to meet the needs of China's price sensitive entry level employees, but also rise to the style of middle management executives of China's growing office and retail working population. The Company has outsourced production of its products through independent manufacturing companies. Sales channels include Qingdao Footwear owned retail stores as well as approved third-party retailers and distributors authorized to sell its products. As of March 31, 2010, Qingdao Footwear's products were sold through over 200 retail outlets. The company was formerly known as Datone, Inc. and was founded in 2003. Its headquarters and main sales office are located in the city of Jimo in Shandong province.
Growth Strategy
We believe that the market for affordable, high quality footwear in China provides us with attractive and sustainable growth opportunities. We intend to pursue the following strategies to achieve our goal:
(1) | Continue our aggressive marketing and advertising campaigns in order to gain brand awareness . We currently advertise and market our products throughout Shandong province in general and the greater Qingdao region in particular, using a combination of advertising across a variety of media, sales fairs, and billboard displays. We expect to continue to focus these efforts. |
(2) | Expand distributor and third party operator stores in prime locations to maximize profits. We seek to place stores in locations we consider attractive from a business perspective. Potential attractive locations are typically in areas that are likely to have a sufficient population of "window shoppers" in the Registrant's target demographic (generally, consumers seeking business casual and formal leather shoes appropriate for an office setting). We do not currently plan to expand our geographic footprint beyond what we view as our core market, Shandong province. In addition, we expect that we will continue to strengthen our presence in the Qingdao region. |
(3) | Bring more self owned stores online to increase higher margin sales. Although we have not established a timeline to increase the number of self owned stores we will open in the near future, we expect that we will open more self owned stores (and at a faster rate) if we complete this offering than we will open if we rely only on organic growth to fund such openings. The reason for this is that we have found that expanding our distributor network allows us to leverage our resources more effectively, even though we earn higher margins on our self owned stores. In the event we complete this offering, however, we would have free cash available to devote to opening self owned stores. In our experience, establishing a new sales point such as a company-owned flagship store in Qingdao typically requires approximately three months and costs approximately $120,000. |
(4) | Continue to strive for excellence in quality, customer service and design in order to attract new and retain repeat customers. We have an in-house product design team, which is responsible for designing our product lines. We have worked with this team and our advertising team to develop an image for our Hongguan brand that we believe will continue to attract customers in our target demographic of office workers. We recognize employees on a regular basis to encourage a concerted effort of high quality customer service. |
(5) | Leverage our growing purchasing power with manufacturers to lower costs. At present, we have found that Chinese shoe manufacturers have unused manufacturing capacity. To the extent we have demand from customers for our branded shoes, we believe we benefit from a favorable market in which to purchase from such manufacturers. If we continue to grow, we will be able to use our increased purchasing power and the desire of manufacturers to make use of such untapped capacity to reduce our costs to purchase footwear. |
As of December 31, 2010, we had 12 flagship stores, 11 exclusive third party managed retail outlets and 192 outlets managed by distributors. We plan to open a minimum of 5 additional flagship stores in 2011. We directly own or lease and operate all of our flagship stores. All located in Jimo or greater Qingdao. Each store has an individual sales team and managers that report to our central office in Qingdao. All sales staff are compensated on a commission based pay scale. Locations are selected according to management's estimation of market opportunity. Our flagship stores bear the Hongguan brand name and exclusively retail Hongguan footwear.
Sales, Assets & Liabilities
Total revenue for 2010 was $21.2M.
Revenues have increased exponentially since 2007:
2007 2008 2009 2010 ____ ____ ____ ____ $8.6M $13.9M $17.9M $21.2M Our net sales increased to $21,272,234 in the year ended December 31, 2010 from $17,863,891 in 2009, representing 19.1% revenue growth. As retail sales trends and broader economic growth in the PRC have been positive despite a global economic downturn, during the year ended December 31, 2010, we increased prices by 26% in order to achieve higher gross profit, which resulted in a decrease in sales volume of 1% as compared to the same period of 2009.
Share Structure for QING : ( verified with T/A 11/08/2011 )
Authorized shares: 100,000,000
Outstanding shares: 12,123,679
Float (non-restricted): 3,345,139
Transfer Agent
Main Office
Pacific Stock Transfer Company
4045 South Spencer Street, Suite 403
Las Vegas, NV 89119
Email: joanna@pacificstocktransfer. com
Telephone: 702-361-3033
Fax: 702-433-1979
Web: www.pacificstocktransfer.com
Accounting Office
Pacific Stock Transfer Company
Billing Department
ATTN: Lisa Upham
173-3 Keith Street
Warrenton, VA 20186
Phone: (571)-485-9998
Fax (540) 347-3075
Investor Relations :
Mr. Kevin Fickle ,
President NUWA Group , LLC
Tel: 1-925-330-8315
Email: kevin@nuwagroup.com
Mr. Kevin Ma
NUWA Group , LLC
Tel. 1-415-571-3640
Email: gma@nuwagroup.com
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