ShengdaTech, Inc. (fka SDTHQ)

[pepemartinez]

web page is here, and they are making money????

what's really happen with shengdatech?


http://www.shengdatechinc.com/

[colectinmrnj]

Time for the lawyers to go to war! Lets get ready toooo rumble, or at lest cover their asses.

[Iy007]

Good Job SEC
http://www.gcginc.com/cases/sdt/maincase.php

[colectinmrnj]

Fine work on this compilation of articles. Seems they were using our money for all kinds of projects.
I hope that the new premier Wen Jiabao can instill some sense of dignity to their business, and accounting practices before no one is willing to invest in any China company.

[colectinmrnj]

Have you heard of any progression for Shengdatech? I have my fingers and toes crossed. I still believe we have a chance because of the share ownership of Chen and his wife.

[pepemartinez]

really nothing to do or we can trade again in some months?

really what crazy things happened from 2007 until today, from 10$ to nothing

and so many stocks doing this

hundred and hundred examples? I still have 16K shares of ENER1

[ErnieBilco]

No new symbol - company no longer trades - shares were cancelled and worthless.

[goodword]

...could anyone tell me if there is a new company symbol please....

[ErnieBilco]

.0008 - D I .............. G X - Dont chase, wait for it to come to you.

Live long and prosper.

[havinatime]

Thanks for clarifying. Well this is a bummer, seemed like things might get figured out- I guess the shareholders are of almost zero priority here. That's what I get for buying the pump and dump I guess! Have a good life Ernie, any awesome stocks to recommend before we part ways forever?

[ErnieBilco]

I'm not screamin - I use caps for "emphasis" only.

[havinatime]

Haha alright man, I was just wondering. No need to get all caps lock on me!

[ErnieBilco]

NO shareholders are no longer shareholders - we get nothing - if there was anything for commons, it would have been in the release. and all it says.

ALL SHARES CANCELLED

[havinatime]

Do shareholders get any part of the liquidation?

[ErnieBilco]

You get to write off your losses - the ticker was cancelled this morning.

[havinatime]

Is this stock toast? We get nothing here?

[ErnieBilco]

Time of death - 9:05 October 18th 2012

09:06 SDTHQ ShengdaTech, Inc. Common Stock 10/18/2012 100 Bankruptcy Plan effective- Equity Interest cancelled. Deletion time 9:05:13 **

[ErnieBilco]

Ohhhhhh, I'll take a Chinese scam over a Drorster scam anyday....

Look - this one has admittedly cooked books and its still doing better than Onteco..........with a spin-off divi.

[colectinmrnj]

I hope it goes better than Onteco, can not go worse. At least there is some information and movement, hell I would even vote for Romney if I thought it would do any good.

[ErnieBilco]

Well I'll be here til the end - it doesn't make sense for me to sell down here.

[colectinmrnj]

Ernie,
Nice to see you here. Looks like the Chinese are busting our chops. OH I forgot they got the chops.
Looks to me like nothing has changed they just had a firm go over whatever corrupt book we have. Then say, yup, these books are marked, there a mess, a Chinese mess.

[ErnieBilco]

NEWS out - KPMG was right - there was funny money stuff happening.

[havinatime]

I guess we can't just call over and see what's going on? Im sure someone answers the phone over there, we just need a translator

[geodan]

That is a very good question, how can it be growing like a weed and worthless at same time?

[havinatime]

So is the factory still operating or not? And if so, where is that money going?

[Iy007]

Shandong Shengda Technology Co. Ltd. updated by the company on Aug. 23, 2012

Annual Sales increased from 1.1billion Yuan or about $174 million to $800 million or over 5 Billion Yuan
Asia’s largest NPCC production with annual output of 100 million MT to be completed in 2015
Total investment changed from 5 Billion to 50 Billion Yuan
http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2F685630.01p.com%2F

Top 10 toppled executives in 2009
http://www.chinadaily.com.cn/bizchina/2009-12/24/content_9225428.htm#name1

Huang Guangyu’s Farewell Letter. China’s second richest man in 2009 and a national hero begins a 14-year prison sentence for charges of bribery and corruption
http://blogs.wsj.com/chinarealtime/2010/09/06/huang-guangyus-farewell-letter/

We certainly don’t wish Mr. Chen Xiangzhi any harm and strongly believe, when it comes to expansion of business, he would be the best man for the job but, he must learn to share his success with those who helped him with hundreds of millions of dollars seed money to build his business and never forget the negative consequences of greed!
http://www.nasdaq.com/reference/200706/market_open_062107.stm

Next step, China Ministry of Justice, if he insists!

http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&twu=1&u=http://www.moj.gov.cn/aboutus/contactus.htm&usg=ALkJrhjgNlceI4fm-1hpZ0hlwYXUkx5vBw

E-mailed to:
[e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail],

[geodan]

because company is in bankruptcy and they are shutting it down to distribute assets left.

BTW today they filled the orders afte ignoring them for days.

There was a bump today. Any news?

[Iy007]

Shandong China with population of nearly 93 million, where most of Chen Xiangzhi manufacturing facilities are located, is one of the largest most important provinces in China with booming economy and annual growth of about 10%

[Iy007]

Based on the company’s nearly 10 billion Yuan assets, shears should worth about $30.00, why you want to sell them @ $0.04. do the math

[geodan]

Thank you. Bottom line do you think we have a chance?

BTW the MMs are ignoring Asks, I have Asks at .035 and it has traded to .04 and I have not been getting hit.

[colectinmrnj]

I sent a letter of displeasure of the current situation to all of the e mail recipients on your list. Thank you for putting together information that quite honestly makes my blood boil. As a long term investor I feel that the greed on both sides of the Pacific has been deplorable.

I suggest as many that can e mail their displeasure.
As I said in my email
Do not expect us to go quietly into the night.
When you are at the bottom and the shit falls on you, there is no reason not to grab it and throw it back at those above.

[Iy007]

Shengdatech Inc. Hidden Assets in China

Shengdatech Inc. Chinese name “Shandong Shanda Technology Group Co., Ltd.” or “Grand technology group”

On July 2011 ??? Chen Xiangzhi family, 42.26% owner of the “Grand technology group” was listed the 55th Richest Family in China with net worth of 4.563 Billion Yuan or nearly $720 Million USD. His name is listed under “Overseas Richest” because of his 42.26% stake of the US public company “Shengdatech Inc.” meaning 42.26% of Shengdatech inc. in China was appraised for 4.563 Billion Yuan on July 2011 by eastmoney.com, one of the biggest finance portals in China. http://www.publicitas.com/fileadmin/uploads/hongkong/Factsheets/2012/Online/CN_factsheet_Eastmoney.com_PHK.pdf

http://www.google.com/#hl=en&sugexp=les%3B&gs_nf=1&gs_mss=eastmoney.com&pq=eastmoney.com.cn&cp=12&gs_id=9&xhr=t&q=eastmoney.com&pf=p&sclient=psy-ab&oq=eastmoney.co&gs_l=&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.&fp=ab1a020529bad5f7&biw=993&bih=549&bs=1

The report
http://translate.googleusercontent.com/translate_c?act=url&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&twu=1&u=http://topic.eastmoney.com/caif2011/&usg=ALkJrhjk_W0ZEmRNX13SVAYalpTKJlVESw
_______
55 | Chen Xiangzhi family of 4.563 billion Yuan . . .
http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&u=http://www.jiazuqiye.net/thread-7754-1-1.html&usg=ALkJrhijS8GW8t2USFYAH32RbEV6mS5JbA
________
55 | Chen Xiangzhi family 4.563 billion Yuan / grand Technology
http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&u=http://app.hexun.com/360/news.jsp%3Fid%3D131720042&usg=ALkJrhgl5UMDvWVGATUBNd3tKaY9ra-PPQ
_________
55 | Chen Xiangzhi family 4.563 billion yuan / grand Technology
http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&u=http://www.ccstock.cn/finance/hangyedongtai/2011-07-25/A518669.html&usg=ALkJrhi__t_N8GGkWsoKzmCt632BW6lRsA
__________

Chen Xiangzhi 2011 Third affecting Shandong Person of the Year (See Ranking 14)
http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&u=http://tp.dzwww.com/zhuanti/yxsdrw/second.jsp%3Fgroup%3D1&usg=ALkJrhj-PmcRrH3iiynbeSP1NghOllyTIg
___________
This is the “Grand Technology Co., Ltd. in Shandong” Official Website in China
http://685630.01p.com/ in Chinese
Google Translate
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2F685630.01p.com%2F&act=url
This web address is a code number “685630.01p” to conceal information for the same reason they shut down the company’s original website www.shengdatech.com right after filing for chapter 11. Company has many more websites all in Chinese under “Shandong Shanda Technology Group Co., Ltd”, “Shanda Technology Group”,” Shengda group” “Grand Technology” and the subsidiaries all associated with Mr. Chen Xiangzhi.

Employee: More than 2,000 in 2011
Annual Sales: 1.1 billion Yuan in 2011
Group consists of
? Shandong Grand nanomaterials,
? nano-materials of Shaanxi Heyzer,
? Shandong Haihua engine chemical machinery,
? Grand Equipment Installation Co., Ltd., including four subsidiaries
? Marin-engine Heavy Machinery,
? Ningdong dimethyl ether,
? Zibo Jiazenami materials including three Construction Companies,
o Hunan Schroder fertilizer plants,
o Jinan Chemical Fertilizer Plant takeover offer,
Bringing the Group's business scope covers
? nanomaterials,
? chemical machinery,
? pressure vessels,
? industrial equipment, installation,
? agricultural fertilizers
? and other major areas.
Shaanxi Heyzer, nano-materials Co., Ltd. in May 2005 in Xianyang, Shaanxi and invest in the construction of 1 million tons / year of the overall project planning, a project total investment of 900 million Yuan, covers an area of 500 acres, the annual output of 100,000 tons in 2006 officially put into operation in October, the annual turnover of 400 million Yuan; the entire project total investment of 5 billion Yuan, the total output will reach 100 million tons, will become China and even Asia's largest manufacturer of nano calcium carbonate.
Shandong Heyzer, nano-materials Co., Ltd. is a provincial high-tech enterprises in December 2005, jointly developed with Tsinghua University membrane dispersion Preparation of nanometer calcium carbonate and technological achievements and successfully passed the state appraisal, products are successfully applied to the tire, rubber, plastics, etc. industry, in the rubber field have come out on top in the country, the development of rubber nano calcium carbonate products for Tire glue, flex resistance increased by 150% anti-aging properties of the inner tube manipulation products increased by 5% ~ 7%, and greatly improve the air tightness performance. Can replace some of the high-grade raw materials such as expensive silica in tire formulations, significantly reducing the cost of production.
Shandong Shanda Chemical Construction Co., Ltd. for two construction quality general contracting enterprise, petrochemical, petrochemical, metallurgy, and dozens of major projects across the country contract, completion of the 30 places of the national key projects, works 100% pass rate, fine rate of more than 85%.
Shandong Haihua engine Chemical Machinery Co., Ltd., formerly known as Shandong Taian Chemical Machinery Plant, founded in 1970, and 2003 through the IS09001 2000 quality system certification. National class, second class, three types of pressure vessel design and manufacturing license. The first pressure vessel design, Shandong Province, one of the manufacturing license, and general overhead cranes and common gantry crane Class B manufacturing qualification.
Sea-engine Heavy Industry Machinery Co., Ltd. is located in Huludao, Liaoning, is a high-tech machinery and equipment manufacturing enterprises, registered capital of 1 billion Yuan, total investment of 2.8 billion Yuan, covers an area of 1602.5 acres. The Company started construction in July 2008, the planned duration of four years, the main products of nuclear power equipment, petrochemical equipment, coal-chemical equipment, non-ferrous metal devices. Full production will be the same industry in Asia Heavy Mechanical Design, R & D, production and manufacturing export base.
The Zibo Jiazenami Materials Co., Ltd. is located in Zibo High-tech Industrial Development Zone, the factory covers an area of 350 mu, with registered capital of $56,000,000, a total investment of $99,731,300. Mainly for the production of rubber, tires, plastics, coatings, polyethylene and other special nanometer active calcium carbonate, and plans to put into operation in July 2009, when the grand third nanometer calcium carbonate production enterprises.
Investment by Zhongwang Zibo Jiazenami Materials Co., Ltd. established a registered capital of approximately $56 million with a total investment of $99,731,300. New materials and advanced manufacturing base is located in Zibo High-tech Industrial Development Zone, the specific location: west of Industrial Road, Chun Chinese auto parts factory north of the railway east of Zibo East, south of Jinan-Qingdao Expressway roads. The factory covers an area of 350 acres, the nature of land for industrial use.
The main building of production workshops, warehouses, spare parts warehouse, production, science and technology building, shift quarters, canteen, maintenance shop, duty room, etc., for a total construction area of 103,872 square meters. New dedicated production equipment and other auxiliary equipment 1773 (sets).
Decentralized micro-mixing production technology by Grand Technology Co., Ltd. and Tsinghua University developed a membrane-based, to reach an annual output of 120,000 tons through the development of new technology to enlarge the production scale, the level of production technology reached the international initiative, the leading domestic level , so that technical optimization, reasonable, and low energy consumption.
Company's annual production of 10,000 tons of rubber nanometer active calcium carbonate, 26,000 tons of tires dedicated nanometer active calcium carbonate, 20,000 tons of plastic dedicated nanometer active calcium carbonate, 16,000 tons of special coating nanometer active calcium carbonate, polyethylene-specific nano calcium carbonate activity 6,000 tons of polypropylene dedicated nanometer active calcium carbonate, 36,000 tons of paper dedicated nano calcium carbonate activity. A 60,000 t / year, plans to put into operation in July 2009, all put into the sales income in normal years is 458 million Yuan.
_____
This is another website providing similar information

http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.sdbys.cn%2Flogo-sy%2F3-sdsd.htm&act=url
________
“Shandong Shanda Technology Group” or “Grand Technology Co., Ltd. in Shandong” job offerings including salaries posted here daily.
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fopendata.baidu.com%2Fzhaopin%2Fs%3Frn%3D20%26wd%3D%25C9%25BD%25B6%25AB%25CA%25A2%25B4%25F3%25BF%25C6%25BC%25BC%25BC%25AF%25CD%25C5&act=url

___________
On August 11, 2011, nearly 8 days before filing of the chapter11, Mr. Chen Xiangzhi and Shandong government officials are discussing acceleration of the “source of all the nano calcium projects”, Asia’s largest NPCC production.

http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://zsj.ahhs.gov.cn/include/content.php%3Fid%3D342&prev=/search%3Fq%3D%2522%25E5%25B1%25B1%25E4%25B8%259C%25E7%259B%259B%25E5%25A4%25A7%25E7%25A7%2591%25E6%258A%2580%25E9%259B%2586%25E5%259B%25A2%2522%26hl%3Den%26sa%3DX%26biw%3D1078%26bih%3D503%26tbs%3Dcdr:1,cd_min:8/1/2011,cd_max:8/6/2012%26prmd%3Dimvns&sa=X&ei=TR0gUPu0EqKPiALX74HAAg&ved=0CHAQ7gEwAQ

________

On 2011-09-30 Mr. Chen Xiangzhi had a meeting with Sun Jun officials to expedite the approval procedures and to further promote the project.
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.ahhs.gov.cn%2Finclude%2Fweb_content.php%3Fid%3D5102&act=url
________
This explains the missing of the $150million that was taken from Shengdtech account to accelerate Asia’s largest NPCC production project.
_______
Development of a 349407-91-6 new generation of automotive primer and automobile paint, another major source of revenue
http://www.ourchemical.com/catalogs_34/349407-91-6/
____
Here is the company webpage in Chinese with latest NPCC Prices in different grades.
http://shengdatech.cn.gongchang.com/
______
Zhaopin.com, among other things, also lists the machinery that are put in place from 2008 and now it is completed after 4 years in 2012 for the 2.8billion Yuan “Pressure Vessel project” for Nuclear Power Plants.
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fcompany.zhaopin.com%2FP2%2FCC3209%2F4381%2FCC320943815.htm&act=url
__________
Chong Ming and his entourage visited Shanda Shanghai nanotechnology R & D center
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.china-zibo.com%2Fnews%2Fonews.asp%3Fid%3D3821&act=url
____________
Shandong Shanda Technology Group Chairman Chen Xiangzhi and other senior leaders have conducted fruitful talks, the two sides to accelerate the project of Anhui source congregation Nano Technology Co., Ltd., to ensure that a 40,000 t project in the first quarter, 2011 production reached a consensus.
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.ahhs.gov.cn%2Finclude%2Fweb_content.php%3Fid%3D4333&act=url
________
Mr. Chen Xiangzhi apparently was not satisfied with 42.26% of the business empire he was building and since he was running the show, he decided to take them all at the cheapest possible price through filing of the chapter 11 bankruptcy while his manufacturing plants maintain daily business without interruption. He shut down shengdatech’s US website www.shengdatech.com, to conceal company’s activities from the US investors and discourage shareholders to sell shares with great loss and now the liquidation scam under “Reorganization Plan” to get rid of the creditors and shareholders’ all at once because after accumulation of enormous wealth with “AAA” honorary credit from major Chinese banks Mr. Chen Xiangzhi would no longer needs American’s money to expand his business empire.

http://tp.dzwww.com/zhuanti/yxsdrw/info.jsp?id=86240 In Chinese

http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Ftp.dzwww.com%2Fzhuanti%2Fyxsdrw%2Finfo.jsp%3Fid%3D86240&act=url Google Translate
______
Here is an example of the serious consequences of white collar criminals when taking shortcut to wealth in China.
http://www.youtube.com/watch?v=YZI_5gMNnEU

Mr. Chen Xiangzhi must be aware of the fact that we, the shareholders, at this point have not much to lose and with all the evidence in hand, can report him to Chinese authorities now aim to eradicate white collar crimes in China to attract capital investment, the life blood of China’s economy. There are thousands of angry shareholders against one greedy man and we sure know where to report him if he refuses to do the right thing while he still can! Bob Olson and Michael Kang must also be aware the serious consequences of misleading the company’s creditors, shareholders, the court and the SEC when hiding the company’s assets and proposing liquidation in the name of reorganization!

We are a group of investors and long time shareholders of shengdatech inc. in search of company’s assets and future plans in China and around the world to protect our investments.

A copy of this has be sent to the following e-mails
[e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail] [e-mail], [e-mail],

[geodan]

Just when everyone forgets it, +50% on heavy volume.

Can not find any trigger so far.

[colectinmrnj]

Shorty may be right! He however does not know any better than any of us how this will eventually play out. Sell if you need to for your measly 2cents a share or there about. Or hold to see how this dog barks when it reaches China, our courts vs the Republic of China's. Don't bother fastening your seat belts this will be a slow ride.

[shorty_sho_sho]

Adjournment = Delay = Nail in the coffin

My guess is that the money is gone, and the whole thing is over and done with before this actually sees the inside of a courtroom.

Textbook fraud, all the way down the line. My compliments to Chen, with the $160MM he stole, Chen could pay whoever he wants to influence committees, courts, firms, people, etc.

Bag holders!!!

[shorty_sho_sho]

What's up with that?!

What's up with this? Market is up sharply and this thing is plunging down to $.015?!

$.000000000000 is next.

Bag holder-holio!

[shorty_sho_sho]

An ugly mess...

Will remain an ugly mess, and perhaps get uglier:

Entire document available here: http://www.gcginc.com/cases/sdt/pdflib/5...

PRELIMINARY STATEMENT
1. As set forth in paragraph 12, infra, Lead Plaintiffs object to the adequacy of the Disclosure Statement on several grounds for not containing sufficient information as required under Section 1125(a) of the Bankruptcy Code. Lead Plaintiffs further object to the extent the Plan provides for impermissible non-debtor releases which may render the Plan unconfirmable.

CONCLUSION
40. Based on the foregoing, Lead Plaintiffs respectfully request that an Order be entered (i) denying approval of (a) the Disclosure Statement and (b) the voting and solicitation procedures; and (ii) granting such other and further relief as the Court deems just and proper.

The bottom line - your shares are worthless. Find another bag holder.

[havinatime]

Hey, any new insight you could provide on Shengda?

[shorty_sho_sho]

The company and the stock are worthless.

That't the bottom line here. Good luck giving away those shares. It's not worth the brokerage fee on the trade.

[geodan]

The bottomline of those 141pages? Anything?

Thanks for link. Has anyone figured out if shareholders will get anything at all?

[shorty_sho_sho]

Down ONLY 60%



Good jump everyone - keep pumping!

[colectinmrnj]

Be prepared to lock up that cash for quite some time. This could take a while unless there is a buy out. I held shares at over $4.00 a share before trading was halted about a year ago.

[pepemartinez]

I wish the same 0,30$ would not be bad too but when I think this used to be a 1,2 and 3$ stock and more

well I will load 10.000 or 200000 more shares soon but I need to see if we are not out the shareholders in some months


good luck!!

[colectinmrnj]

Pepe,

I hold over 200000 at around .10. I would love to get at least .50 for my shares. I believe the rubber and tire industry is keeping an eye on what will happen. There are so many cars being purchased in China, all need tires, tires are constantly being replaced in the US and around the world.
More uses are being developed for NCCP all the time.
I would think that Alverez and Marshall have a decent idea of the future value of Shengdatech, regardless of what they find in the Chinese bank accounts.
I would hope that Chen and his cohorts have been scrambling to refill the the cash in those account to save their skins. Problem is, this is China and perhaps they have been emptying the accounts to grease the palms of those who can help protect them.

Only time will tell.

[pepemartinez]

see this...

http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=USOTC%3ASDTHQ&s_ok=Get+Chart&period=6&drawmode=0&size=19&volume=1


you see the green zone? accumulatin again for another pump and dump

this time 0,13-0,15$ perhaps

[pepemartinez]

what's your average? mine is 0,044 (only 10K shares) and I want 10K more but CHEAP CHEAP

I think this can return to 0,10 or 0,12$ and I'm out


I still have ENER1 and my shares worth nothing today (there were 1$ sometime but now ZERO)


good luck

[colectinmrnj]

Jaxstraw, does it ever get windy there?
Gloom and doom and maniplulation will be the order of the day for a while.
I personally believe that we may be Ok, depending upon your entry point. I held shares before it stopped trading though not many.
Hold a lot more now, but at an average that I think will be covered.
A lot depends on how well the company is doing now. I hope that Chen and his wifes shares can be nullified as part of a recovery of stolen funds.

[jaxstraw]

DISCLOSURE STATEMENT/POR

http://www.gcginc.com/cases/sdt/pdflib/468_52649.pdf

http://www.gcginc.com/cases/sdt/pdflib/467_52649.pdf

[jaxstraw]

Class 6: Equity Interests

Estimated Recovery

Unknown
0.0% or greater

Impaired. Each Holder of an Allowed
Class 6 Equity Interest shall receive in
full and final satisfaction, settlement, and
release of and in exchange for such
Allowed Class 6 Equity Interest its Pro
Rata share of Liquidating Trust Assets
remaining after payment in full in cash
and/or other distributable property, as
applicable, of all Allowed
Administrative Claims, Allowed Priority
Tax Claims, Allowed Other Priority
Claims, Allowed Secured Claims,
Allowed General Unsecured Claims,
Allowed Noteholders’ Securities Claims
and any expenses of the Liquidating
Trust shall be treated pari passu with
Allowed Class 5 Claims, provided
however, that on the Effective Date, all
Class 6 Equity Interests shall be deemed
canceled, extinguished and discharged
and of no further force or effect and, in
lieu thereof, such Holders of Class 6
Equity Interests shall receive beneficial
interests in the Liquidating Trust. To the
extent the Liquidating Trustee believes
there is a reasonable probability that
there will be assets available for
distribution on account of Allowed Class
6 Equity Interests, the Liquidating
Trustee may, in his sole discretion, set a
deadline

[shorty_sho_sho]

The End Is The End

Liquidation is the plan and Chinese litigation is a dead end. Read it for yourselves:
http://www.sec.gov/Archives/edgar/data/1...

EX-99.3 5 v313820_ex99-3.htm EXHIBIT 99.3
ShengdaTech Submits Chapter 11 Plan of Reorganization

SAN FRANCISCO, May 18, 2012 /PRNewswire-Asia-FirstCall/ -- ShengdaTech, Inc. ("ShengdaTech" or the "Company") (SDTHQ) reported today that it has filed a Chapter 11 Plan of Reorganization (the "Plan") and proposed Disclosure Statement with the United States Bankruptcy Court for the District of Nevada (the "Bankruptcy Court").

The Bankruptcy Court has set June 25, 2012 as the hearing date on the adequacy of the Disclosure Statement. Assuming the Disclosure Statement is approved on June 25, 2012, the Company is targeting August 30, 2012 for confirmation of the Plan.

If the Plan is confirmed, it would provide for the wind down of the U.S. public Company's affairs and the distribution of available assets to creditors. The Plan establishes, among other things, a liquidating trust that, in its discretion, will pursue the Company's outstanding litigation in the People's Republic of China, hold and ultimately sell the Company's shares of Faith Bloom Limited, the Company's wholly-owned subsidiary, execute, process and facilitate distributions to holders of claims and equity interests, and resolve disputed claims. Confirmation of the Plan is subject to a number of conditions, including Bankruptcy Court approval of the Plan and Disclosure Statement, the execution of definitive documentation, the establishment of a liquidating trust and appointment of a liquidating trustee pursuant to a liquidating trust agreement, and the receipt of necessary acceptances from creditor classes and equity interest holders. The Company believes that the Plan provides the best, most cost-effective and most prompt possible recovery to holders of claims or equity interests.