Completely agree with you
Exactly. Very strange indeed.
I have reached out with no response about that very same concern.
Have tried zero response, I get it, I am scratching my head also. my hope is the China trade deal gets inked and done. Hoping things will move forward after that.
Has anybody had contact with anybody from the company? How does it make sense to put all the effort and money into getting current on multi year delinquent filings just to go back to being dark without any news? It's more than weird. This one has so much potential.
Tf I truly can’t imagine a one million share day! 50 maybe 60 bucks?? Very possible. Let’s hope they will sign off on the merger.
About time that we will hear from them again and move back up. Can you imagine to get some huge reverse merger news here now while we are in this low float frenzy market? It would go crazy. Why would they file so many filings to go quiet again? Makes no sense.
I'm a bit shell shocked, why would they go back years to file all the necessary SEC filings in order to get back to current and then they go quiet again? I mean there just has to be something that will come out of this, why invest all this money and time to do all of this and then not use this gem of a shell.
WEST COVINA, CA – On July 16, 2019 the City Council authorized the City Manager, David Carmany, to negotiate and execute a Purchase and Sale Agreement and Joint Escrow Instructions (Purchase & Sale Agreement) with Singpoli BD Capital Group LLC (Singpoli). The Purchase and Sale Agreement is for the sale of 134- acres of City owned land at the former BKK landfill site for $13.5 million to Singpoli.
The execution of the Purchase and Sale Agreement allows the City and Singpoli to pursue the sale of the City properties. While escrow will be opened as part of the Purchase & Sale Agreement, the sale of the properties is subject to various conditions including completion of the California Environmental Quality Act (CEQA) review.
The City and Singpoli will also continue to pursue the proposed outdoor recreational project at the site. Singpoli’s proposed project includes a public park with an amphitheater, horse/hiking trails, glamping campsite, habitat preservation and restoration, solar and greenhouse program, zipline and aerial adventure park, future virtual reality (VR) park, K-9 and Fire training facilities, and a resort hotel with banquet facilities. The proposed project continues to remain subject to approvals by the regulatory agencies and the city’s entitlement process including the environmental review pursuant to CEQA.
The Purchase & Sale Agreement grants Singpoli a contingency period of one year, after which if Singpoli does not purchase the property, the City receives a nonrefundable consideration of $405,000 pursuant to the Purchase & Sale Agreement. The next steps include Singpoli submitting an application for a general plan amendment, a specific plan, and a zone change. The application will initiate CEQA review. During the CEQA process, the regulatory agencies will provide formal review of the proposed development project. In addition, during the review process, there will be several opportunities for community input including a Scoping Meeting for the EIR and public hearings.
While the Purchase & Sale Agreement has been executed, the sale of the City properties has not been finalized nor was the proposed project approved. The execution of the Purchase and Sale Agreement is merely a step in the direction of pursuing the possible sale and development of the Development Opportunity Site. The approval of the proposed development project still requires many steps including extensive review for the project to be formally approved.
Very strange indeed. I would argue they surely didn't become current again which was so so much effort, for nothing. That's just my opinion.
Great. Just waiting now for their next step.
Love it Craig, we wait til they file the completion!!
Wow maybe merge done
Yep we wait for them to file the official merge, buy the impatient...
Gotten quiet again here. About time the company comes out with their plans.
Ranked #21 for residential developers
Ranked by number of units sold in L.A. County in 2018
I will help the bid
Apprears true Bids are not being shown. I have an order higher and is not showing on L2.
Oh the interest will come fast once they come out officially with their plan they are pursuing. That is if they confirm that the Singpoli stuff will enter into this ticker. There must be a reason for them getting back to current with many months of hard effort to achieve this IMO. Stock is moving with lightning speed on the slightest buying interest.
Name and Address of
Executive Officer and/or Director
25 E. Foothill Blvd., Arcadia, CA 91006 53 Co-Chairman, Chief Executive Officer and Director
25 E. Foothill Blvd., Arcadia, CA 91006 50 Co-Chairman, President and Director
25 E. Foothill Blvd., Arcadia, CA 91006 63 Chief Financial Officer and Director
25 E. Foothill Blvd., Arcadia, CA 91006 64 Secretary and Director
The following is a brief description of the business experience of our executive officers, director and significant employees:
Mr. Ding is a founder and executive officer of a number of companies in Asia, Europe, Australia and North America including Shanghai Bading Property Development Co. Ltd., Macao First Global International Co., Hong Kong Global International Co., Bading (Hong Kong) Company, Global International (Australia) Co., Australia First International Investment Co., Australia First International Resources Co., Canada First Source International Co., First Global International Investment Group Inc., First Global International Trading Group Inc., Europe & Australia Investment Group and BDK Capital, LLC. Mr. Ding has over 20 years of real estate development and investment experience and has invested in various fields around the world, including real estate, energy, mines, old city renovation and other projects that are synergistic with his other investments. Mr. Ding is a managing member of BDK. Mr. Ding’s valuable entrepreneurial, management, and real estate related experience provide him with the qualifications and skills to serve as a director of the Company.
Mr. Hui is the owner and manager of a group of companies commonly known as the Singpoli Group, an association of independent companies that specialize in real estate investment and development. Singpoli deals largely with major commercial, office, and retail properties in Los Angeles County, Orange County and Silicon Valley. As the founder and CEO of Singpoli Construction in 1992, a managing partner of Singpoli Investment, LLC in 1992, a founding partner and President of Pacific Design Group in 1997, and a managing member of Singpoli Pacifica, LLC in 2007, Mr. Hui has a proven record of successfully establishing and managing real estate portfolios and related businesses. Mr. Hui is a managing member of BDK. Mr. Hui’s decades of experience with executive management, real estate development and investment provide him with the qualifications and skills to serve as a director of the Company.
Mr. Chu has served as the Chief Financial Officer of Singpoli Capital Corporation since 2009. Prior to joining Singpoli, Mr. Chu had a distinguished banking career that spanned from New York, Little Rock, San Francisco, Los Angeles to Las Vegas, having served as President and Chief Executive Officer of First Asian Bank and United Pacific Bank, the President and CEO of the Los Angeles Community Development Bank, as well as a senior executive at East West Bank. Mr. Chu is a certified public accountant and has an MBA degree from the University of Southern California. Mr. Chu’s financial knowledge and banking experience provide him with the qualifications and skills to serve as a director of the Company.
Mr. Lin has served as the Vice President and Public Relations Director of Shanghai Bading Property Development Co. Ltd. since August 2002. Mr. Lin has supervised a great many largescale real estate investment and development projects around the world including the development of the Shanghai Citigroup Tower in Pudong District, which became a landmark building for Shanghai in 2005, the purchase of the exploration and development rights for a 15,500-square-kilometer oil & gas site in Australia, the purchase and renovation of high-end polish properties in and around the downtown area of Lisbon, Portugal, the restoration and renovation of the historic Constance Hotel in the City of Pasadena in the United States and the development of the 450-unit Landmark Tower condominium in the City of Milpitas in the heart of Silicon Valley. Mr. Lin’s substantial executive management experience and his experience in business development give him the qualifications and skills to serve as a director of the Company.
I’ll try to keep it quiet for now lol
Let’s do this!!
Yeah buddy, I'm still adding, trying to clear more positions elsewhere to add more here before it's in double digits, glad not too many people are in the know yet while I'm beefing up my supply, lol