Telestone Technologies Corp. (fka TSTC)

[choateandharvard]

lol!!!!!!!!! this is an exact copy of a post I put on another stock board!!!get original material!!!

[sbb4th]

Oh I see. Small buy at the last minute to prop it up. Typical high jinks for a POS GRAY stock

[sbb4th]

My chart showed it down 25% but since its a POS GRAY stock who knows?

[choateandharvard]

we have no idea what you are looking at......TSTC is up 3%. Maybe you confused it with another POS telecom scam.

[sbb4th]

sell, sell, sell. SELL TSTC!!!! its the prudent thing to do. if you put in $20,000(OUCH!!!!!) it's better to get $25 than zero. Right?

[sbb4th]

Down 25% ?

[choateandharvard]

which is better TSTC up 17% or down 14% somewhere? "D'OH"!!!!!!!!!!!!

[choateandharvard]

its up 17% I dont call that done at all!!!!!!!!! LMAO!!!!!

[LEAM]

This POS is done. Its over. No More. The lies don't work. The scam is finished. Bail now and get what you can.

[choateandharvard]

you can think what ever you want its America, but its wrong as in not correct. we shall see.

[sbb4th]

Still gray and I don't think they're working on anything but another con job

[choateandharvard]

is anyone paying attention to the fact the stock has doubled since the turn to the grays for a lack of 10-k that TELESTONE is working on? just might want to ask the guy who bought the 200,000 at .32 how he feels!!!!!!!!!!!!LMAO its like a see-saw. one goes up the other goes down!!!!!!

[Cassandra]

When making my previous post on this forum, I noticed that ADVFN was still relying on a data feed from NASDAQ for trading data which showed no trades even though TSTC was delisted and trading data would come from OTC Link after TSTC became a grey market stock.

ADVFN's continued reliance on a NASDAQ data feed did not show the trades that were made on the grey market as shown in the following chart.

I notified ADVFN of this issue and just received confirmation that it has been resolved. Unfortunately the grey market trading data prior to today is not included, but data from today onward should be included.

Again, the recent trading data is shown in the chart.

[sbb4th]

Curious if anybody has seen an actual invoice that TSTC has submitted for services rendered . I know they claim all manner of accounts receivable that somehow never get paid.

[Cassandra]

TSTC is a grey market stock after having been delisted from NASDAQ. Although it's making a steady recovery on low volume after its initial drastic drop, it's unlikely a suitable stock for technical traders.

http://www.otcmarkets.com/stock/TSTC/quote

[Penny Roger$]

~ $TSTC ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$TSTC has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "TSTC" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "TSTC": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=TSTC ~
Search Ihub for "TSTC" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=TSTC ~


For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~


Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~


c

[sbb4th]

Does this trade anymore? Wan Hung Lo has been awfully quiet lately.

[sbb4th]

Yep. Still grey

[LEAM]

Yes PPS shortly could be $1. But then again, it could be .00001 just as easily. Or shut down permanently.

At least similar companies have not crashed and burned like this one.

LMAO !!!!!!

[sbb4th]

Far cry from $10. You going to dump if it ever makes a dollar?

[choateandharvard]

stock traded block of 200,000 shares on uptick yesterday at $.31. now its $.43. stock could be $1 very very shortly on the OTC aka WILD WEST!!!!!!!!!

[nole92]

I'm done. I can admit failure on this one. I hope the best to recovery. I also hope no one lost as much as I did. Expect swings....GLTA.

[kel4]

Schumer Urges U.S. to Press China on Accounting

during an upcoming U.S.-China summit U.S. President Barack Obama is set to meet Friday and Saturday with Chinese President Xi Jinping. Their discussions were likely to focus on other topics, but New York Senator Charles Schumer has urged the two leaders to take up the auditing issue
http://www.reuters.com/article/2013/06/07/us-usa-tax-china-idUSBRE95619P20130607

[space1230]

Company has not even announced if they plan to find an MM to trade on pink sheets. At least there would be a bid and an ask. The company silence tells all. If this was a pink sheet, maybe it would be a good "play stock" with the current low(er) s/s. As a grey, it's pretty worthless

TSTC is a grey sheet disgrace.

I can see this going back to no bid again.

Like I said before get out of this stock before you lose the lot.

[FiveG]

Please explain this quote?


Post 2560
Quote:
__________________________________________________________

best thing that could have happened. They will have the numbers soon and then the NAZ will release the hold.

__________________________________________________________

[space1230]

TSTC is a grey sheet disgrace. Inept management caused shareholders to lose the bulk of their money invested in this proven scam. Investors should avoid Chinese stock scams like this one

COMMENTING ON TSTC

[sbb4th]

No I'm merely pointing out that TSTC is a scam and always has been. Nothing more.

[sbb4th]

Isn't that what I'm doing???

[choateandharvard]

INSTEAD OF COMMENTING ON TSTC WHY NOT DEFEND SCAM?

[sbb4th]

Maybe chong is arranging for ANOTHER fictitious company to buyout TSTC. it'll be worth TRILLIONS! LMAO!!

[FiveG]

GREY MARKET and never to return.

This POS is toxic.

aaaaaaaaaaaaaAHHHHHHHHHHHHHHHHHHHHHHHHH LMAO!!!!!!!!!!

[FiveG]

What were they thinking when they were calling ten dollars for this POS.

Had to be the joke of the century.

aaaaaaaaaaaAHHHHHHHHHHHHHHHHHHHHHHHHH LMAO!!!!!!!!!!

[FiveG]

Sub Penny here it comes.

aaaaaaaaAHHHHHHHHHHHHHHHHHHHHHHHHH LMAO!!!!!!!!!!

[sbb4th]

I wonder how all those investors that were conned into buying this scam feel now

[sbb4th]

Grey market huh? Congratulations! The scam has now been completely exposed!

[space1230]

New low today .20

This stock is now selling for .27 cents per share on the GREY market

[M8Seven]

THE GREY MARKET!!! This stock is now selling for .27 cents per share on the GREY market! HHHHHAAAAAAAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHHHHHHAAAAAA!

[kel4]

WoW,it's Trading Again

Wonder What Happens Now ?

[space1230]

Tstc is a train wreck. It opened as a grey sheet stock today at hit a .21 low of the day with a .30 close. Hardly a celebration. When I previously said that TSTC was teetering with being a penny stock, I never realized that it would be a slaughtered at .21. Compare that to any telecom stock that you want. TSTC fell 75% when it hit its low today. The close wasn't much better than the low. I cannot find another telecom that had a day's loss like that today. What does tomorrow bring? 10 cents? Horrible scam outfit this TSTC is

TSTC trades and is selling at 50,000 times another telecom

[choateandharvard]

TSTC trades and is selling at 50,000 times another telecom!!!!!!!! AHHHHHHHHHHHHHHHHHHHHHHHHH LMAO!!!!!!!!!!

[space1230]

YES! .22 just went off. The TSTC ship has sunk

No

[pbryant]

No

[space1230]

Tstc resumed trading on GREY SHEETS today! .38 traded (-54.22%) at 11:04:00 EST. Today's grey trades a/o 11:04 am:

$0.3800 3,000 OTO 11:04:37
$0.5100 912 OTO 10:30:01
$0.5000 5,000 OTO 10:29:03
$0.5000 2,000 OTO 10:24:43
$0.3800 551 OTO 10:21:52

IMO we will be able to buy shares of TSTC for around a quarter (.25)

[space1230]

what I cannot fathom is how people end up owning a POS scam like tstc. What attracted people to this Chinese stock scam? The money lost is huge. Tstc is like burning money - with these scammer criminals like Daqing. How can one trust a chairman (like Daqing) when there is not even a "U" after the "Q" in his name? LOL

NOW ON THE TSTC CHINA WEBSITE

[K23]

Common perception is financial irregularities happen mostly to companies being traded on Pinks. But it is shocking to see happen to NASDAQ companies. Hype versus reality?

[space1230]

TSTC DELISTED from Nasdaq a/o Monday 6/3/2013. Will be an OTC Pink (if approved):

... The Company has determined not to appeal NASDAQ's determination. As previously disclosed, the Company has not obtained records from its Sichuan Ruideng subsidiary (the "Subsidiary") that are necessary for the completion of the audit of the Company's financials for the fiscal year ended December 31, 2012. Also, as disclosed in the Company's Form 12b-25 filed May 16, 2013, to date, the prior owners of the Subsidiary, who are also tasked with its management, have refused to deliver the records to the Company headquarters. The Company doubts that the potential remedial measures necessary to obtain such financial records can be completed within 180 days, and, as such, the Company feels the success of an appeal of the delisting determination would be unlikely. Therefore, the Company will not appeal NASDAQ's determination.

After the Company's common stock is delisted by NASDAQ, it may trade on the OTC Markets Group Inc. (the "Pink Sheets") but only if at least one market maker decides to quote the Company's common stock. There can be no assurance that any market maker will decide to quote the Company's common stock immediately following such delisting or at all, and thus there can be no assurance that the Company's common stock would be eligible to trade on the Pink Sheets http://ih.advfn.com/p.php?pid=nmona&article=57783997

[dnet]

Not sure if they put this on their site so in case you haven't seen this: Not pretty for the holders.


BEIJING, May 30, 2013 /PRNewswire-FirstCall/-- Telestone Technologies Corporation (NASDAQ: TSTC) (the "Company"), a leading supplier of local access network solutions for communications networks in China, today announced that it received a Staff Determination Letter (the "Notice") from The NASDAQ Stock Market LLC ("NASDAQ") on May 23, 2013, indicating that NASDAQ has determined to suspend from trading and delist the Company's common stock from the NASDAQ Stock Market, effective the open of business on June 3, 2013.
As previously disclosed, the Company is not in compliance with the continued listing requirements under NASDAQ Listing Rule 5250(c)(1) due to the Company's inability to timely file its annual report on Form 10-K for the year ended December 31, 2012. On May 1, 2013, the Company filed a plan with NASDAQ to regain compliance with continued listing requirements, however NASDAQ did not approve the plan. In addition, the Company also failed to file its quarterly report on Form 10-Q for the period ended March 31, 2013, which constitutes a separate basis for delisting under NASDAQ Listing Rule 5250(c)(1). In the Notice, NASDAQ also cited NASDAQ Listing Rule 5101, which affords NASDAQ "broad discretionary authority over the initial and continued listing of securities in NASDAQ." Specifically, the Notice stated that the Staff of NASDAQ believes that the reasons underlying the Company's filing delinquencies raise significant public interest concerns under Listing Rule 5101. Based on these factors, the Staff made the determination to delist the Company's securities from The NASDAQ Stock Market.
The Company has determined not to appeal NASDAQ's determination. As previously disclosed, the Company has not obtained records from its Sichuan Ruideng subsidiary (the "Subsidiary") that are necessary for the completion of the audit of the Company's financials for the fiscal year ended December 31, 2012. Also, as disclosed in the Company's Form 12b-25 filed May 16, 2013, to date, the prior owners of the Subsidiary, who are also tasked with its management, have refused to deliver the records to the Company headquarters. The Company doubts that the potential remedial measures necessary to obtain such financial records can be completed within 180 days, and, as such, the Company feels the success of an appeal of the delisting determination would be unlikely. Therefore, the Company will not appeal NASDAQ's determination.
After the Company's common stock is delisted by NASDAQ, it may trade on the OTC Markets Group Inc. (the "Pink Sheets") but only if at least one market maker decides to quote the Company's common stock. There can be no assurance that any market maker will decide to quote the Company's common stock immediately following such delisting or at all, and thus there can be no assurance that the Company's common stock would be eligible to trade on the Pink Sheets.
About Telestone Technologies Corporation
Telestone is a leader and innovator in wireless local-access network technologies and solutions. The company has a global presence, with 30 sales offices throughout China and a network of international branch offices and sales agents. For more than 10 years, Telestone has installed radio-frequency (RF)-based 1G and 2G systems throughout China for its leading telecommunications companies. After intensive research on the needs of carriers in the 3G age, Telestone developed and commercialized its proprietary third-generation local-access network technology, Wireless Fiber-optic Distribution System (WFDS), which provides a scalable, multi-access local access network solution for China's three cellular protocols. Telestone also offers services including project design, manufacturing, installation, maintenance and after-sales support. The Company has approximately 1,400 employees.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of Telestone Technologies Corporation and its subsidiary companies. Forward looking statements can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, concentration in a single customer, raw material costs, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. Telestone Technologies is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
SOURCE Telestone Technologies Corporation
/CONTACT: Telestone Technologies Corporation, Ms. Jun Man, Manager of the Office of the Board of Directors, [phone] x1104, [e-mail]

(END) Dow Jones Newswires
May 30, 2013 10:59 ET (14:59 GMT)

[DirtyDawg]

Telestone Technologies Corporation Receives Delisting Notice from NASDAQ

After the Company's common stock is delisted by NASDAQ, it may trade on the OTC Markets Group Inc. (the "Pink Sheets") but only if at least one market maker decides to quote the Company's common stock. There can be no assurance that any market maker will decide to quote the Company's common stock immediately following such delisting or at all, and thus there can be no assurance that the Company's common stock would be eligible to trade on the Pink Sheets.

[DirtyDawg]

""opening the way to probes of bungled audits"" (Wonder why they will not turn over financials?)

""accounting scandals at dozens of Chinese companies listed on U.S. stock exchanges"" (TSTC is one, imo)

""the U.S. Securities and Exchange Commission should consider de-registering Chinese firms"" (Already accomplished)

""Investors have lost billions of dollars on Chinese companies selling shares on U.S. exchanges in accounting scandals since 2010. Many of those companies have been booted from U.S. exchanges"" (Self-explanatory)

""That in turn could have triggered massive stock exchange delistings of China-based companies, which have to file audited financial statements to meet exchange requirements."" (TSTC does not and cannot meet exchange requirements)

TSTC will not go "pink", as they cannot furnish any financial documents.

Grey markets, if anything.

Sorry for those that listened to the hype of $10 or more a share...

Over and out.

[space1230]

It is looking like TSTC will be delisted. If it ever trades, it will probably be a .0001 grey sheet stock. Does not appear that the "company" cares too much about the lack of trading over the past 6 weeks. Time was a factor and the "company" already exercised a complete disregard for both its future and its shareholders.

I don't see how any of these events will impact TSTC. The world is moving on to newer technologies and TSTC is stuck in the past/present. IMO we will be able to buy shares of TSTC for around a quarter (.25) by the end of the year. That is if it ever becomes trade able again