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Up 410% so far! 0.005 x 0.05 now.
Up 82% now! 40K-0.002 x 10K-0.01 now. Easy to hit the pennies...
Why join the lawsuit? Could the shareholders get anything from it?
Up 25% so far for a soon-be-canceled stock? Who bought 66,911 shares
at 0.001? Why?
Will this scam be canceled very soon since jgbo was canceled today?
Large amount of shares dumped at 0.0001 ~ 0.0007 so far! Will the OS
shares be cancelled very soon?
SBAY: SEC Charges China-based Company and Former Chief Financial Officer in Fraudulent Scheme involving Non-Existent Computing Business.
http://www.sec.gov/litigation/litreleases/2013/lr22698.htm
The Complaint:
http://www.sec.gov/litigation/complaints/2013/comp22698.pdf
Bidding .0012 On This POS....
SBAY .0095 57kvs2k_vol10dayavg strong move last 100 days http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=22340&i=SBAY&pv=recent-symbols&pp=SBAY#&&vs=634876339739506926
http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=sbay
http://www.subaye.com/
logged/watching
sc
I'm not so sure, its definitely worth watching, even as a political indicator
In general china is competing on 19th and 20th century technology, the best is yet to come for the country, they do their best to put on a good show, but the bullwork of their economy has yet to be brought up to western standerds
I think that, getting back to subaye, its important to point out that there is an obvious bet, which to some is an obvious looser, however, as far as the sec is concerned, there must be a bet else activity in the stock will come under a different type of scrutiny since there is no information coming out of the company
lol I would definitely short the Chinese legal system
----FOLKS, WAKE UP----
well thought i'd give it a try anyway, right now our bet is purely on the chinese legal system,
does anyone know if there are any other pure plays on the chinese legal system?
Ibox updated with link to NEW and OFFICIAL investors relations site URL: www.subayehk.com
Subaye, Inc. (PK: SBAY): Update to ShareholdersHong Kong, July 13th, 2011 –
The new management of Subaye, Inc. (“Company”), has been devoting extensive time and
efforts into the search for and identification and collection of the Company’s assets and
business and financial records, all of which were under the exclusive control and possession
of former management. These efforts by the Company have been somewhat frustrated and
delayed by the difficulties resulting new management’s inability to locate and communicate
with the Company’s former management. In this regard, legal counsel has been retained and
instructed to pursue former members of the Company’s management, demanding immediate
and unrestricted access to all assets and records of the Company.
While vigorously pursuing former management, through several means and methods, to
obtain a full accounting of all assets and operations, as well as an immediate hand-over of
all Company assets and records, new management has also undertaken vigorous measures
to contact and survey the Company’s existing customer base and to determine the current
status of users and members of the Company’s website and services, all in a determined
effort to preserve and protect the Company’s business and operations.
The new management of the Company will keep the financial community and shareholders
advised of new developments in these regards.
Disclaimer:
Forward-Looking Statements Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on current expectations, estimates and projections about
Subaye, Inc.'s industry, management's beliefs and certain assumptions made by management.
Readers are cautioned that any such forward-looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and assumptions that are difficult to
predict. Because such statements involve risks and uncertainties, the actual results and performance
of the Company may differ materially from the results expressed or implied by such forward-looking
statements. Given these uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements. Subaye, Inc.'s operations are conducted in the People's Republic of
China ("PRC") and, accordingly, are subject to special considerations and significant risks not typically
associated with companies in North America. These include risks associated with, among others, the
political, economic and legal environment and foreign currency exchange. The Company's results
may be adversely affected by changes in the political and social conditions in the PRC and by
changes in governmental policies with respect to laws and regulations, anti-inflationary measures,
currency conversion, remittances abroad, and rates and methods of taxation. Other potential risks
and uncertainties include but are not limited to the ability to procure, properly price, retain and
successfully complete projects, and changes in products and competition. Unless otherwise required
by law, the Company also disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions to the forward-looking statements
made here. Readers should review carefully reports or documents the Company files periodically with
the Securities and Exchange Commission.
For more information, please contact:
Alexander Holtermann
Chief Executive Officer
at: info@subayehk.com
im looking at abat too, they were falsely accused years ago, i figured announcement of the buyback would do the trick and keep it over a buck, problem is there is such a mob out there of shorts and from a regulatory standpoint they keep getting one repreve after the next
small share count is the key, they need to buy back as does sbay, there needs to be one value driven manuver after the next untill the shorts flee like roaches
SBAY, let's go...give us some faith in you, stop being a POS stock!! Let's get this lil ATM humming again. Huge gaps down in the chart "need" to fill. I want a more significant free ride on this again with enough shares worth holding long term.
Closer to $2 looks like a good target for pulling the capital out and riding free long term. China plays might finally be ready to have bottomed out, finally???
good point, and the short answer is that i (perhaps stupidly) believe the two emails that no longer are on yahoo that were posted on the old message board.
in the first email crane appologized for "lettting people down"
in the second email he stated his departure was "planned"
overall he admitted to being overwhelmed. that's most of all i have to go on, and i have to trust somebody
you should talk to the old cfo and ask mr. crane why he left.
perhaps you will confirm your bias, perhaps you wont
lol, they did sell stock into the market.. and this was the king of selling shares into the market and then screwing public ownership.
i dont know about it.. it is my opinion that i dont know.
if i did, i agree that this could be a big opportunity.
it's worth $100+ if it's real.
if it was real, why would things have gone the way they have gone?
35% paper gain in one day so far...if the last trade holds as HOD. Not bad, but since I didn't put much money into this...I was hoping for a lot more before pulling the original capital back out and riding free.
Go SBAY. Give us something to build confidence. HUGE gap down could fill some day...the giant whopper gap from before the trading was halted...
i have the same hopes but am not as far along, if it would trade it would be nice to let a few thousand shares ride while trading and accumulating. I have a feeling this dog will roar again
I've made lots of lame trades over the years and have quite a few underwater right now, but with SBAY/MYST... this one's been a consistent winner...a little luck on this one all along. Typically I ride my "free" stock down...but with SBAY I opted to sell most of it at the recent top around 15.50. I hope my lucky streak continues...and if this ever turns into a long term winner...I hope I maintain a decent core position.
thanks for your optimistic sentiment, no doubt the chinese stocks can be trouble, but there is one thing that delineates sbay and bidu etc from like tre and abat, that is that trees and batteries while tangable its hare to know much about them because their market operations is in china (which is an oversymplification).
but w/ subaye and bidu you can see tangably what they are trying to do since its web based business, however warren buffet once said he'd fail students in an investment class if they could tell him they knew what a ".com" was worth.
hopefully the cloud will have some numbers that longs can take solice in, if this starts trading, i'll do just that, but for now we're stuck unless we average down
live and learn, but imho buyers w/ grit that add shares now will probably be rewarded
.45 ask already...thin ask up to about a dollar. Min. buying could get it above a buck, if there's still a solid business here. This was headed for $40 after the reverse split based fundies and projected growth...so it's hard to imaging this won't eventually climb back to $2+++. Over time...perhaps a long time. I can wait it out in terms of getting my modest cash back out and letting the freebies run long term...or to grossly overbought. I'm not opposed to dumping freebies if the price goes high enough and I lack faith in sustainability of the rally.
Fraud? I don't know. But, when I sold off most of my freebie swing trade profit shares at over $15 not too long ago...chart screamed sell and I guess I got lucky that I didn't buy any shares back until today at .40!
Small risk trade, but SBAY has been like an ATM for me over the past 2 or 3 years...easy to swing trade. This is the cheapest buy ever in terms of the market cap of the co...obviously it's a thrown out babe on trust issues with mgt.
Could bounce up to $2+ on any hint of positive developments...at that point I'd be back to another free ride on this buy. One just NEVER knows where the next 100 bagger china plays is....this is why I'm very diversified in well over 110 of these junkers...everything from etf's to pink sheet POS's.
CHGY went from .04 to well over $4....and back to .40. These stocks are flat out insane, but often easy to swing trade for a free ride. In tax exempt accts...I simply collect mostly stock as profit on trades and keep the principal moving around as often as possible.
GL...only bet what you can live without. This sector is the most hated around...but from there will be 100 baggers imo.
bradford, if its a fraud, they why is the only 1 dot on the location map in china? how could they have benefited from a failed auditor upgrade if chinese insiders are not shorting the stock?
does the company have a cloud product, i believe it does, did they recently pour 20,000,000 into growing the company, i have not seen any evidence for that, so that is in your favor, is it 0% legit no, is it 100 % legit probably not, where in between does it exist?
considering that they are hiring i'd say its 50%, if the company can pull off 50% of what they have promised they will be able to snap out of it eventually and im a buyer.
that's why ive set up the map, to help all investors spy on what is happening overseas and here at home, the more people come here from the US, the more likely overseas short-sellers will keep this page on their radar, in fact if they are short they will not be able to resist
my credo is never 100 percent give up on a stock, stay away yes, hate the stock yes, keep an eye on a potential change--have to if you want the greatest gains
fyi, abat had a director resign over 5 years ago because the company is a fraud--they turned out to be dead wrong--on the other hand i'm not real fond of the abat ceo--he's clearly a crap head, bottom line, to say this kind of stuff doesn't matter because one lost money is short sighted--it does matter and watching and waiting can be the key to huge gains especially when the market has something significantly wrong
re holtermann, is he the fox in the hen house?, his resume does not suggest such, does he have a mountain to climb--yes!, has previous management had their dix knocked into the dirt--definitely! hence its worth watching, ty for bothering to post and for not laughing about all the money longs have lost
lol, get back in the game? did you miss what just happened?
subaye to the best of my knowledge is a fraud. i sure hope i'm wrong for your sake.
check out the clustr map at the bottom of the ibox, note that only one hit has come in from china, tell me based on that single FACT what that tells about who is not shorting the stock
check out the backword wheelchair ride and you will know there is hope
double goes 4 u boc!, check out the map link at the bottom of the ibox, quick link to subaye from their icon at the top, the subaye web is cooking, they are back adding vendor / customers and their alexa numbers are on the rebound (my feeling however is that alexa is about as low ball as you can get).
here's to this not being a scam
its time to get back in the game, china is here
Check out CTYX-- low volume, low float, and cheap during summer weakness. Mark this post--CTYX now at .0045-- By end of July, let's review. Good luck, sweet.
oncruz, that is now true more than ever, check out the ibox, at the bottom is a map link it will show you were mook is really from
lol, yahoo needs to post here more, i have updated the ibox and have a map link so posters can see where visitors are from, click on the map link at the bottom of the page--its definitely not time to post ac/dc's back-in-black video yet. but hopefully soon
bowser, its time to start posting here, looks like the stock is a bargan in some respects, check out the new ibox, will sticky post dd as it comes, also at the bottom of ibox info section there is a map link, click on it to see where everyone is from, im going to do some grass roots and work backwords to get posters aware that the stock has resumed trading
but they haven't--not yet anyway, bargan prices if one is a long, have updated the ibox w/ new management info, also there is a map link at the bottom of the page, click on it to see list of visitor lockations
hope you didn't buy under 3, but today is a different story, stock is re-trading w/ new cfo, ibox is updated and there is a map link at the bottom of the page showing everyone where everyone is from--good luck
the panic is over and the stock is retrading, bull or bear i dont care, just wanted you to know about the updated ibox w/ a map showing where posters are from
i may be running our of posts, have seen your post on subaye, i have updated the ibox and want to get the word out that there is a map link so posters can see where other posters are from on the subaye board, its been painful for the longs, at this point or soon there may be opportunity, if nothing more than to tell everyone the company sucks, i am long however and feeling the pain, good luck
yup and ive been born recently as well, however it may be that sbay is at bargan basement prices and could be worth the risk, ive updated the ibox for both longs, skeptics, and shorts alike so everyone can she were everyone is from
and we've all be burned, maybe you stopped out, nevertheless, the company is ticking w/ new management, i have updated the ibox, and there is a map link at the bottom of the page that shows you were visitors are from, misery loves company!
now its half unity, never the less, check out the new ibox on the sbay board, its been updated with a map link so you can see where other posters are from, whats interesting is about 10 visitors from overseas, hasn't cought on in china yet
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2-Jun-2011
Entry into a Material Definitive Agreement, Change in Directors or Principal Officer
Item 1.01. Entry into a Material Definitive Agreement.
The information contained in Item 5.02 of this Current Report on Form 8-K is incorporated into this Item 1.01 by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 1, 2011, the Board of Directors (the "Board") of Subaye, Inc. (the "Company") appointed Alexander Holtermann, the Company's current Chief Executive Officer and a member of the Board, to serve as the Company's President, effective as of June 1, 2011. There are no arrangements or understandings between Mr. Holtermann and any other person pursuant to which he was selected to serve as the Company's President. Biographical and other information regarding Mr. Holtermann can be found in the Company's Current Report on Form 8-K, which was filed with the United States Securities and Exchange Commission on May 17, 2011.
In connection with Mr. Holtermann's appointments as the Company's Chief Executive Officer and President, Mr. Holtermann and the Company entered into an employment agreement, effective May 12, 2011, pursuant to which Mr. Holtermann will be paid an annual salary of US$80,000. Mr. Holtermann will also receive a sign-on bonus of 150,000 shares of the Company's common stock, par value $0.001 (the "Common Stock"), and will receive a minimum annual bonus of 100,000 shares of Common Stock. A copy of Mr. Holtermann's employment contract is attached hereto as Exhibit 10.1.
On June 1, 2011, the Board also appointed Jacqueline Ng, age 30, to serve as the Company's Chief Financial Officer and Secretary, as well as a member of the Board, effective June 1, 2011.
Ms. Ng has worked as a company accountant in Australia, Hong Kong and China. Based in China and Hong Kong since 2006, Ms. Ng has provided investment analysis, GAAP advisory services and consultancy to China-based public companies and government. Since 2007, Ms. Ng has worked as an investment analysis consultant to Hui Land Group, a partnership of a private Chinese company and a top-tier Hong Kong listed public company. Ms. Ng has also acted as Assistant to the Chairman for the China Council for the Promotion of International Trade and the China Chamber of International Commerce since 2010, and served as a director for Empire Stores Pty Ltd., an Australian company, from 2001 to 2010. Her expertise includes financial management and strategy, corporate governance, and public and investor relations. Ms. Ng is fluent in both English and Chinese and has specialized in implementing cohesive corporate management strategies for east-west partnerships.
In connection with Ms. Ng's appointments, Ms. Ng and the Company entered into an employment agreement, dated May __, 2011, pursuant to which Ms. Ng will be paid an annual salary of US$60,000. Ms. Ng will also receive a sign-on bonus of 150,000 shares of the Company's Common Stock, and will receive a minimum annual bonus of 100,000 shares of Common Stock. A copy of Ms. Ng's employment agreement is attached hereto as Exhibit 10.2.
There are no family relationships between Ms. Ng and any director, executive officer or director or executive officer nominee of the Company. There has been no transaction since the beginning of the Company's last fiscal year, or any currently proposed transaction, in which Ms. Ng and the Company were or are to be a participant and the amount involved exceeds $120,000.
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