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Very nice. This will get respect sooner or later.
It's cheap because the stock simply doesn't have a following. Heck, average volume is 4,600 shares. LOL. I first bought LPIH when the average daily volume was 6,800 shares back in early April. Look at the daily volume average today. LOL. That said, the daily volume average is rising here every day. Buy them when no one wants them and sell them when everyone wants them.
Well I bought in today @ 7.10.....Nice volume today.....is anything coming down the pike? How was the dude at IR? And why is this stock so friggin cheap? I may even buy another k tomorrow....
Virtually every China small-cap I follow has a crappy website. If it was just one or two companies that had crappy websites, that would concern me if I were looking at those one or two companies, but since most of them suck, I discard this. Most of these companies don't do business through their websites.
Whats up with the website? Hasn't been updated in over a year....you would think a company making nice profits would keep up the website for investors......wierd. http://www.songzaigroup.com/web/corporate_profile.html
I had to call TDAmeritrade to put in an order to buy in at $6.80. Hopefully, I can get in before the rise. I can't believe how cheap it is. Does anybody know when they plan to uplist?
Earnings just too compelling to ignore ......
Filled Buy 400 SGZH Limit 6.60 -- -- 11:29:21 08/17/09
away we go!
blow out numbers...great little coal company...
what else can you say. other than its a buy
Press Release Source: Songzai International Holding Group, Inc.
SGZI to Acquire 90% Stake of Two Chinese Coal Mines Companies
Monday January 7, 9:00 am ET
WALNUT, CA and HARBIN, CHINA--(MARKET WIRE)--Jan 7, 2008 -- Songzai International Holding Group, Inc. (OTC BB:SGZI.OB - News), a coal producer and coal reseller based in China, announces today the signing of a definitive agreement on December 31, 2007, to acquire a 90% equity stake in each of two Chinese coal mining companies: Heilongjiang Xing An Group Hong Yuan Coal Mining Co., Ltd. ("Hong Yuan") and Heilongjiang Xing An Group Sheng Yu Ming Co., Ltd. ("Sheng Yu"). The current owners of Hong Yuan and Sheng Yu will hold the remaining 10% equity of each company in trust for Songzai. The acquisition, which is expected to close at the end of January 2008, is intended to increase both Songzai's annual production capability and coal reserve. Songzai will pay US$30 million and issue 80 million shares of its common stock to the current shareholders of Hong Yuan and Sheng Yu for the acquisition. The 60% of the cash portion of the acquisition cost will be payable 6 months after the transaction closes and the balance on the first anniversary of the closing, provided that the entire balance will be due immediately if Songzai receives financing in excess of US$30,000,000.
ADVERTISEMENT
"We estimate that the acquisition of both Hong Yuan and Sheng Yu will push our total coal reserve above 23 million tons, which is crucial for the future growth of the company and will give us a strong presence in China's coal market," commented Hongjun Li, President of Songzai.
More information about the proposed transaction and a copy of the acquisition agreement may be found in Songzai's Current Report on Form 8-K to be filed with the SEC on January 7, 2008.
About Songzai International Holding Group Inc.
Songzai is a coal producer and coal reseller based in China. The company distributes coal to both industrial customers, such as power plants and cement factories, and to individual consumers for home heating.
Forward-looking Statements
This press release contains statements of a forward-looking nature. These statements are made under the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as ''will,'' ''expects,'' ''believes,'' ''anticipates,'' ''intends,'' ''estimates'' and similar statements. Such statements reflect the current view of the Songzai with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the coal mine industry, operations and results of operations of Songzai. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. This forward-looking information should be considered only in connection with "Risk Factors" detailed in Songzai's filings with the Securities and Exchange Commission. Songzai assumes no obligations to update any forward-looking statements or information set forth in this press release.
Contact:
For more information, please contact:
Will Lu
IR Officer
Tel: (909) 468-2840
Email: Email Contact
--------------------------------------------------------------------------------
Source: Songzai International Holding Group, Inc.
3rd quarter revenure almost beat revenue from all of last year...way oversold...
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Company Profile: Songzai International Holding Group, Inc.
Ticker: SGZI
Exchanges: OTC
Major Industry: Oil, Gas, Coal & Related Services
Sub Industry: Coal Producers
Country: United States / China
Employees: 348
Homepage (although outdated at the moment): http://www.songzaigroup.com/web/corporate_profile.html
Business Description:
Songzai International Holding Group, Inc. (“Songzai” or the “Company”) was incorporated in Nevada on June 7, 2001. The Company is engaged in coal production by exploring, assembling, assessing, permitting, developing and mining coal properties in the People’s Republic of China (“PRC”). After obtaining permits from the Heilongjiang National Land and Resources Administration Bureau and Heilongjiang Economic and Trade Commission, the Company extracts coal from properties it has the right to mine, and sells most of the coal on a per ton basis for cash on delivery, primarily to power plants, cement factories, wholesalers and individuals for home heating.
SGZH latest 10q for the second quarter 2009. Revenues for Q2 2009 was 24,179,166 dollar. Revenues almost doubled compared to Q2 2008. Net income for the Q2 2009 was 12,404,475 dollar or 81 cents per share for the quarter. Net income was more than 2.5 times bigger compared to the Q2 2008. Cash at the end of Q2 was more than 31 million dollar.
Latest press release about bringing in 3 new directors in order to have compliance for their uplisting to a senior US exchange which will happen in the near future.
http://finance.yahoo.com/news/Songzai-International-iw-2396098642.html?x=0
Glen Bradord for The Street.com regarding China coal mining companies 09/21/2009:
http://seekingalpha.com/article/162482-fired-up-about-chinese-coal?source=yahoo
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