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If your such a good moderator what would the pps be pre RS
GLG omn high buy alert,3.7M float
lol I'm good moderator,you looking from different angle ,GLG will rock here
Milhail is back folks
Lol scroll down m1999. We all know your a fraud moderator is 30 boards all pos stocks too
GLG close at 1.70 AH,20%% up,Monday will break 2-3 dollars
About the company
China Bat Group, Inc., formerly China Commercial Credit, Inc., is engaged in offering financial services in China. The Company's operations consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses (SMEs), farmers and individuals in the city of Wujiang, Jiangsu Province. Its loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co., Ltd. Its financial leasing business is conducted through Pride Financial Leasing (Suzhou) Co. Ltd (PFL). It has over three business lines including, lending, guarantee and financial leasing. For its lending and guarantee services, it provides direct loans and guarantee services, to borrowers located within City of Wujiang, Jiangsu Province of China. In its direct loan business, it provides short-term loans to the borrowers and generates interest income.
REVENUE IN USD (TTM)
349.28k
NET INCOME IN USD
-3.76m
INCORPORATED
2011
EMPLOYEES
20.00
LOCATION
China Bat Group Inc
No.1 Zhongying Commercial Plaza
, Zhong Ying Road, Wujiang
SUZHOU 215200
China
CHN
PHONE
+86 51 263960022
GLG will move monday good in the morning
GLG~~14% AH now
GLG~~On February 7, 2019, China Bat Group, Inc. (the “ Company ”) received a written notification from the NASDAQ Stock Market Listing Qualifications Staff (the “ Nasdaq Staff ”) indicating that the Company has regained compliance with the periodic filing requirement for continued listing on the NASDAQ Capital Market pursuant to NASDAQ Listing Rule 5500(a)(2) (the “ Minimum Bid Price Requirement ”) based on the closing bid price of the Company’s common stock being at $1.00 per share or greater for ten consecutive business days, from January 17 through February 6, 2019.
GLG 3.7M float ,wow so low
GLG~~Share Information
GLG is in a share class of common stock
Float
3.7M
Shares Outstanding
4.9M
Institutions Holding Shares
4
% Held by Institutions
0.43%
GLG~~China Bat Group, Inc., formerly China Commercial Credit, Inc., is engaged in offering financial services in China. The Company's operations consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses (SMEs), farmers and individuals in the city of Wujiang, Jiangsu Province. Its loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co., Ltd. Its financial leasing business is conducted through Pride Financial Leasing (Suzhou) Co. Ltd (PFL). It has over three business lines including, lending, guarantee and financial leasing. For its lending and guarantee services, it provides direct loans and guarantee services, to borrowers located within City of Wujiang, Jiangsu Province of China. In its direct loan business, it provides short-term loans to the borrowers and generates interest income.
GLG~~Item 8.01 Other Events.
On February 7, 2019, China Bat Group, Inc. (the “ Company ”) received a written notification from the NASDAQ Stock Market Listing Qualifications Staff (the “ Nasdaq Staff ”) indicating that the Company has regained compliance with the periodic filing requirement for continued listing on the NASDAQ Capital Market pursuant to NASDAQ Listing Rule 5500(a)(2) (the “ Minimum Bid Price Requirement ”) based on the closing bid price of the Company’s common stock being at $1.00 per share or greater for ten consecutive business days, from January 17 through February 6, 2019.
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CHINA BAT GROUP, INC.
Date: February 8, 2019 By: /s/ Jiaxi Gao
Name: Jiaxi Gao
Title: Chief Executive Officer
His name is Mihail Gheorghi from Romania.
Yes, telling people to "Shut up" often.
Oh, I'm aware of him between here and Twitter. He should be looked into by law enforcement. This is a bit beyond the norm what he is doing.
hes a paid pumper
I thought the earnings look pretty good, but the market don't seem to share my views...
Claims to be 48 and from the Midwest yet speaks like a 5 year old
Username was 10000%gainz and went back to m1999 recently. Ihub should really look into this individual
Yeah, I got suckered in a few of his last week only to see him move onto another one 2 hours later and stuck holding a 50% loss.
As usual pps goes south with you around
lol I'm good and positive,let's make money
GLG~~China Commercial Credit, Inc. Reports Second Quarter 2018 Financial Results
Fri August 17, 2018 4:30 PM|GlobeNewswire|About: GLG
BEIJING, Aug. 17, 2018 (GLOBE NEWSWIRE) -- China Commercial Credit, Inc. (GLG) (the "Company"), an emerging used luxurious car rental service provider in China, today announced its financial results for the second quarter ended June 30, 2018.
Mr. Long Yi, the Chief Financial Officer of the Company, stated, “The first half of 2018 was marked by our successful disposition of subsidiaries and our continued strategic transformation. Going forward we expect our new business to provide greater shareholder value. Our second quarter results reflect these changes, with a net income of $9.50 million and a balance sheet with positive net asset value, reversing our long trend of losses. We expect our new pre-owned luxury car rental business under the “BatCar” brand to benefit from our extensive experience in financial services as we position ourselves to drive investment to our largest growth opportunities with a revitalized balance sheet.”
Currently, the Company has six used luxurious cars, and intends to purchase thirty pre-owned luxurious vehicles by the end of 2018. These cars can be rented by customers from the Company’s store in Beijing, on a daily, weekly, and monthly basis.
The Company’s entrance to the luxury car rental market is intended to take advantage of the growing demand for luxury cars driven by the China’s rapid expansion of its middle class. Overall, the revenue of China's car rental market is to be 78.3 billion yuan (US$12.5 billion) in 2018, representing a 15% year-over-year increase, and revenue in the market will rise to 89.9 billion yuan in 2019, according to latest estimates by iResearch Consulting Group (THYUX), a professional market research and consulting company focused on China's Internet industry.
Second Quarter 2018 Operational Highlights
Launched a used luxurious car leasing business under the brand name “BatCar” in May 2018.
Second Quarter 2018 Financial Highlights
Total lease income and other interest income reached $97,036.
Net income from discontinued operations was $9.90 million, compared with net loss from discontinued operations of $1.88 million for the second quarter of 2017.
Net income was $9.50 million, compared with net loss of $4.92 million for the second quarter of 2017.
Basic and diluted earnings per share was $0.428, compared with basic and diluted loss per share of $0.284 for the second quarter of 2017.
Six Months Ended June 30, 2018 Financial Highlights
Total lease income and other interest income reached $97,036.
Net income from discontinued operations was $10.07 million, compared with net loss from discontinued operations of $2.67 million for the six months ended June 30, 2017.
Net income was $9.12 million, compared with net loss of $6.15 million for the six months ended June 30, 2017.
Basic and diluted earnings per share was $0.432, compared with basic and diluted loss per share of $0.361 for the six months ended June 30, 2017.
Shareholders’ equity was $4.13 million as of June 30, 2018, compared with shareholders’ deficit of $4.57 as of December 31, 2017.
Second Quarter 2018 Financial Results
Total Lease income and other interest
Total lease income and other interest income was $97,036 for the three months ended June 30, 2018. The operating lease income is recognized on a straight-line basis over the scheduled lease term, income from operating lease was $96,721 for the three months ended June 30, 2018. Because the Company just launched its new business of lease services of used luxury cars in May 2018 and it did not have any operations, the Company did not generate any revenues for the three months ended June 30, 2017. Interests on deposits with banks was $315 for the three months ended June 30, 2018.
Net depreciation expense on operating lease assets
The net depreciation expense on operating lease assets represents the depreciation expenses of used luxurious cars. For the three months ended June 30, 2018, net depreciation expense on operating lease assets was $12,458.
Non-interest Expenses
Non-interest expenses decreased by $2.58 million, or 85%, to $0.46 million for the three months ended June 30, 2018 from $3.04 million for the same period of last year. Non-interest expenses primarily consisted of salary and employee surcharge, office rental expense, business tax and surcharge, changes in fair value of other noncurrent liabilities, professional service fees, and other office supplies. The decrease was mainly attributable to combined effects of a decrease of $2.03 million of changes in fair value of noncurrent liabilities, as the changes in share price during the period between April 1, 2018 and the date of share settlement is far less than that during the three months ended June 30, 2018; and a decrease of legal and consulting expenses of $0.62 million as the Company engaged advisors for seeking financial support during the period ended three months ended June 30, 2017.
Net income (loss) from discontinued operations
For the three months ended June 30, 2018, net income from discontinued operations was $9.90 million, compared with net loss from discontinued operations of $1.88 million for the same period of last year. The net income from discontinued operation was comprised of a net income of $0.10 million from discontinued operations and a gain of $9.79 million from disposal of the discontinued operations.
Net income (loss)
Net income was $9.50 million for the three months ended June 30, 3018, compared with net loss of $4.92 million for the same period of last year. Basic and diluted earnings per share was $0.428 for the three months ended June 30, 2018, compared with basic and diluted loss per share of $0.284 for the same period of last year.
Six Months Ended June 30, 2018 Financial Results
Total lease income and other interest
Total lease income and other interest income was $97,036 for the six months ended June 30, 2018. The operating lease income is recognized on a straight-line basis over the scheduled lease term, income from operating lease was $96,721 for the six months ended June 30, 2018. Because the Company just launched its new business of lease services of used luxury cars in May 2018 and it did not have any operations, the Company did not generate any revenues for the six months ended June 30, 2017. Interests on deposits with banks decreased by $34,685 or 99%, to $315 for the six months ended June 30, 2018 from $35,000 for the same period of last year.
Net depreciation expense on operating lease assets
The net depreciation expense on operating lease assets represents the depreciation expenses of used luxurious cars. For the six months ended June 30, 2018, net depreciation expense on operating lease assets was $12,458.
Non-interest Expenses
Non-interest expenses decreased by $2.48 million, or 71%, to $1.03 million for the six months ended June 30, 2018 from $3.51 million for the same period of last year. Non-interest expenses primarily consisted of salary and employee surcharge, office rental expense, business tax and surcharge, changes in fair value of other noncurrent liabilities, professional service fees, and other office supplies. The decrease was mainly attributable to combined effects of a decrease of $1.83 million of changes in fair value of noncurrent liabilities, as the changes in share price during the period between January 1, 2018 and the date of share settlement is far less than that during the three months ended June 30, 2018; and a decrease of legal and consulting expenses of $0.51 million as the Company engaged advisors for seeking financial support during the period ended six months ended June 30, 2017.
Net income (loss) from discontinued operations
For the six months ended June 30, 2018, net income from discontinued operations was $10.07 million, compared with net loss from discontinued operations of $2.67 million for the same period of last year. The net income from discontinued operations was comprised of a net income of $0.28 million from discontinued operations and a gain of $9.79 million from disposal of the discontinued operations.
Net income (loss)
Net income was $9.12 million for the six months ended June 30, 3018, compared with net loss of $6.15 million for the same period of last year. Basic and diluted earnings per share was $0.432 for the six months ended June 30, 2018, compared with basic and diluted loss per share of $0.361 for the same period of last year.
Financial Conditions
As of June 30, 2018, the Company had cash and cash equivalents of $1.36 million, compared with $1.36 million as of December 31, 2017.
Net cash used in operating activities was $0.81 million for the six months ended June 30, 2018, compared to $1.82 million for the same period of last year.
Net cash used in investing activities was $2.73 million for the six months ended June 30, 2018, compared to net cash provided by investing activities of $1.24 million for the same period of last year.
Net cash provided by financing activities was $3.27 million for the twelve months ended March 31, 2018, compared to $0.56 million for the same period of last year.
About China Commercial Credit, Inc.
China Commercial Credit Inc. is an emerging used luxurious car rental service provider in China. The used luxurious car business is conducted under the brand name “BatCar” by the Company’s VIE entity, Beijing Youjiao Technology Limited, from its headquarters in Beijing. Utilizing a streamlined, digital, transaction process, the Company ensures the best possible rental experience for its customers. For more information please visit https://www.imbatcar.com.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Commercial Credit, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
CHINA COMMERCIAL CREDIT, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
June 30, December 31,
2018 2017
(unaudited)
ASSETS
Cash $ 1,362,718 $ 1,359,630
Other current assets 909,242 -
Assets of discontinued operations - 5,805,654
Total current assets 2,271,960 7,165,284
Operating lease assets, net 1,870,983 -
Property and equipment, net 5,076 -
Total Assets $ 4,148,019 $ 7,165,284
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Liabilities
Other current liabilities $ 15,246 $ -
Liabilities of discontinued operations - 10,426,771
Total current liabilities 15,246 10,426,771
Other noncurrent liabilities - 1,311,000
Total Liabilities 15,246 11,737,771
Shareholders’ Equity (Deficit)
Series A Preferred Stock (par value $0.001 per share, 1,000,000 shares authorized at June 30, 2018 and December 31, 2017, respectively; nil and nil shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively) $ - $ -
Series B Preferred Stock (par value $0.001 per share, 5,000,000 shares authorized at June 30, 2018 and December 31, 2017, respectively; nil and nil shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively) - -
Common stock (par value $0.001 per share, 100,000,000 shares authorized; 24,445,612 and 19,250,915 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively) 24,446 19,251
Subscription fee advanced from a shareholder 524,974 699,974
Additional paid-in capital 27,906,598 71,424,031
Accumulated deficit (23,986,877 ) (81,534,396 )
Accumulated other comprehensive (loss) income (336,368 ) 4,818,653
Total Shareholders’ Equity (Deficit) 4,132,773 (4,572,487 )
Total Liabilities and Shareholders’ Equity (Deficit) $ 4,148,019 $ 7,165,284
CHINA COMMERCIAL CREDIT, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Three Months Ended
June 30, For the Six Months Ended
June 30,
2018 2017 2018 2017
(unaudited) (unaudited) (unaudited) (unaudited)
Lease income and other interest income
Income from operating lease $ 96,721 $ - $ 96,721 $ -
Interests on deposits with banks 315 - 315 35,000
Total lease income and other interest income 97,036 - 97,036 35,000
Net depreciation expense on operating lease assets (12,458 ) - (12,458 ) -
Net Revenue 84,578 - 84,578 35,000
Non-interest expense
Salaries and employee surcharge (103,946 ) (125,093 ) (225,599 ) (428,204 )
Rental expenses (14,250 ) (7,370 ) (26,389 ) (14,780 )
Business taxes and surcharge (144 ) - (144 ) -
Class action settlement expenses – changes in fair value of stock portion (19,000 ) (2,052,000 ) (166,540 ) (1,995,000 )
Other operating expenses (326,046 ) (857,257 ) (607,141 ) (1,070,166 )
Total non-interest expense (463,386 ) (3,041,720 ) (1,025,813 ) (3,508,150 )
Loss from acquisition of a variable interest entity (14,004 ) - (14,004 ) -
Net loss from continuing operations before income taxes (392,812 ) (3,041,720 ) (955,239 ) (3,473,150 )
Income tax expense (20 ) - (20 ) -
Net loss from continuing operations $ (392,832 ) $ (3,041,720 ) $ (955,259 ) $ (3,473,150 )
Net income (loss) from discontinued operations 9,896,100 (1,876,655 ) 10,072,629 (2,673,302 )
Net income (loss) $ 9,503,268 $ (4,918,375 ) $ 9,117,370 $ (6,146,452 )
Income (loss) per share- basic and diluted 0.428 (0.284 ) 0.432 (0.361 )
Net loss per share from continuing operations – basic and diluted (0.018 ) (0.176 ) (0.045 ) (0.204 )
Net income (loss) per share from discontinued operations – basic and diluted 0.446 (0.108 ) 0.478 (0.157 )
Weighted Average Shares Outstanding-Basic and Diluted 22,211,600 17,308,319 21,080,665 17,004,613
Net income (loss) $ 9,503,268 $ (4,918,375 ) $ 9,117,370 $ (6,146,452 )
Other comprehensive (loss) income
Foreign currency translation adjustment (117,085 ) 7,673 (242,305 ) 29,288
Comprehensive income (loss) $ 9,386,183 $ (4,910,702 ) $ 8,875,065 $ (6,117,164 )
CHINA COMMERCIAL CREDIT, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
For The Six Months Ended
June 30,
2018 2017
(unaudited) (unaudited)
Cash Flows from Operating Activities:
Net income (loss) $ 9,117,370 $ (6,146,452 )
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation of operating leased assets 12,458 -
Depreciation of property and equipment 98 -
Gain on disposal of discontinued operations (9,794,873 ) -
Loss on acquisition of a variable interest entity 14,004 -
Shares issued for settlement against legal proceedings 943,860 -
Shares issued to executive officers and professional services - 913,180
Changes in fair value of noncurrent liabilities 166,540 1,995,000
Changes in operating assets and liabilities:
Other current assets (945,180 ) -
Other current liabilities (1,460 ) -
Other noncurrent liabilities (1,311,000 ) -
Net cash provided by operating activities from discontinued operations 992,334 1,417,164
Net Cash Used in Operating Activities (805,849 ) (1,821,108 )
Cash Flows from Investing Activities:
Proceeds from disposal of discontinued operations 500,000 -
Acquisition of subsidiary, net of cash acquired 245 -
Purchase of operating lease assets (1,957,391 ) -
Purchase of property and equipment (5,376 ) -
Net cash (used in) provided by investing activities from discontinued operations (1,270,070 ) 1,238,159
Net Cash (Used in) Provided by Investing Activities (2,732,592 ) 1,238,159
Cash Flows From Financing Activities:
Cash raised in private placement 3,265,371 560,000
Net Cash Provided by Financing Activities 3,265,371 560,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents 276,158 17,979
Net Increase (Decrease) In Cash and Cash Equivalents 3,088 (4,970 )
Cash and Cash Equivalents at Beginning of Period 1,359,630 697,866
Cash and Cash Equivalents at End of Period $ 1,362,718 $ 692,896
For more information, please contact:
Ms. Tina Xiao
Ascent Investor Relations LLC
Email: tina.xiao@ascent-ir.com
Source: China Commercial Credit, Inc. 2018 GlobeNewswire, Inc.
GLG~~*China Commercial Credit Q2 EPS $0.43 Up From $(0.28) YoY, Net Revenue $84.58M
Benzinga
GLG~~after MA(200) 1.55 ~~~BLU SKY to 52wh at $4.00
GLG ~1.05,~KABOOM~~MA(50).95 and MA (100)1.05, MA (200) 1.55
bc is gonna run hard,wake up and buy or goodbye,moved 77%% AH friday on 80k +++ volume.
GLG~~wake up monday at 6am and jump in $4.00 52hh coming
Looking good here M1999!!!
I thought I'd get filled near a buck after slappin the ask...but no one dumped on me.
I dropped some charts inside the IBOX
GLG~~$1.05 HOD AH ,WOWWWW up 77.97%%[/b],on high buy ALERT braking 52wh at $4.00
GLG~~.998 AH volume ALRETTTTTT
GLG~MONSTA~~.998 AH, UP 69%%%,MONDAY KABOOOMMMMMM
GLG~~Bat Super Run is a high-end travel brand of Beijing Tianxing Kunlun Technology Co., Ltd., a subsidiary of Nasdaq-listed GLG. Its target customers are high net worth individuals and commercial users. The channels of the high-end car rental market are flattened and flexible. , lower the rental threshold.
The bat super-running Beijing headquarters is located in the World Trade Center Building in Beijing Central, and the rental models basically cover the entire top-class super-running models of the world. Let you enjoy the benefits of the members, welcome to inquire
GLG~~RENT per DAY from $3,000 to $7,000 Popular models POPULAR SUPERCAR https://www.imbatcar.com/officalWeb/main.html
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