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Very thin up there . 17 gone , 247 up now ... $QING .
Been w a i t i n g -a- l o n g time for this
Actually showing a bid above the prior 52 week high.Wonder if something happening. With this SS it could easily make a move like DLOC just did.
Somebody nibbling ...
Sure wish somebody would DO something with this one ...
SS updated again today.SS and float still the same.3.7mil float with 12.1 mil outstanding.
Float is 3.7mil.So thin-SS updated today:12mil O/S
TA has restricted at 8,377,750
Leaves float at 3,745,929
Called today to verify-800-785-7782
Thanks . Maybe we will benefit from the interest .
I think the TA update on otcmarkets is probably why someone bought. Low floaters are hot.
Okay . Just trying to figure out the sudden interest . Some volume today already .
Yes I own alot of them well aware of custodianships I post alot of them early. QING isnt incorporated in NV its in DE....
There has been a rash of dead stocks taken over by David Lazar ...
Are you familiar with this board ? Maybe someone is "speculating" ?
https://investorshub.advfn.com/David-Lazar-$hell-Play-35757/
Ya I noticed that too. Someone probably noticed the TA update on otcmarkets and bought some. Other than that couldnt find anything new.
$QING Just happened to notice recent volume .. Also ...
OTCmarkets has their share structure updated today ( Sept. 10th 2019 ... )
https://www.otcmarkets.com/stock/QING/security
I here ya. I am getting creamed on it would love to see it become active again.
$QING .009 now .. say WHAT ?
Nothing would please me more than if I could get some of my "lost" $ out of this .
Ya I have a history with this pos since 2011. It used to trade as high as 1.00 then they went dark and the PPS cratered to subbies. Not happy.
Wait , WHAT ?? We live ??
Bring it home for X-mas QINGers ... $QING
>> M
$QING: Is the float really only 3Million
Thats ridiculous !
$QING
is that you buying?
A little volume today ... ???
Happy Holidays to QING "stuckies" ...
lol me too
still waiting here for this pos to bounce
7 months later > NOTHING ...
When will I learn to SELL the "News" .. ???
GLTus and Happy Holidays ...
yup if they announce anything it gonna boom imo
qing .015 just a matter of when it will pop
yup its one of those that will go booooom out of no where imo
for those who are lurking qing is not a quick flip play gotta need patience on this one.
It happens everyday most look for the quick flip and if they dont get it they bail. Its why most dont ever hit a big one no patience.
surprised they whacked it down to .015, they gotta know what they own.
.02 x .025. Nah the ones holding like me are in at alot higher prices. Probably impatient people from yesterday imo.
~ Tiny volume whacks , testing sellers ...
VFIN on bid for 100k , to help cover yesterdays "shorts" ??
Will POP on any serious buying pressure ...
GLTUs
peeps actually whacked the .015? probably the one's who were holding this for awhile got out
+587% on 1.8m volume, remarkable. 3.3m float might be accurate based on the price movement on volume.
the main question of course is,
what will this ticker become?
How does this POS go up so much. They probably sell some fake ass shoes
my trading software can't even find this symbol - what's up with that?
lol who know's yeah that's also the reason i'm in has the potential to be a nice one down the road as we get more info from the company.
Added here today... Intersting connection with LATF
Funneling MJ profits through China lol ?
yep saw that retail panic sold and undercut fanc it's back up now
yup wasnt dropped on much. only traded about 80k last year today traded 1.7mil
added some .026s. had to average down this pos had .22 avg.lol
fanc showed up trying to spoil the fun
gonna hold to see what's up with this one, might be a new mmj play
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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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