WSP Holdings Ltd (WSHLY)

[hispeedsoul]

This company went bankrupt more than a year ago and no PR since. Somebody bought 200k at .027 the same reason You and I bought.....lottery ticket. Nobody interested in .008 today.

[dirkv]

ask 0.008.

I still believe in the low free float.
Less than a year ago somebody bought 199.000 shares at 0.027
5.450.000 shares - 351.168 (I own) - 199.000 = Less than 4.9 million shares.
4.9 million x 0.005 = $24.500.

1 PR and we are up 1000%

[hispeedsoul]

He couldn't have sold at $1 either. Filing for bankruptcy prevented that. I don't have L2 but I've had 100k shares available for weeks in the .01 to .015 range. No takers. I'm not selling anymore. Just will wait for a miracle.

[dirkv]

jispeedsoul, can you give me level 2.
The only thing I know Is 2 weeks ago the ask was 0.0156 and today It's only 0.0050.
He could have sold when the stock was at $1 but he kept all his shares.
I can't buy shares on the open market, I can only sell that's why I took the change and bought the stock in a private transaction.
The only thing we can do is wait till they start releasing press releases again.

[hispeedsoul]

They didn't sell their shares because they can't sell that many. Who's buying? I can't sell 100k shares at 1 cent.

[hispeedsoul]

They didn't sell their shares because they can't sell that many. Who's buying? I can't sell 100k shares at 1 cent.

[dirkv]

They said he was worth $250 million, on that moment the value of his WSHLY shares was 60 million.
So he had 190 million in other companies or cash or ...
You can also say why didn't he sell his shares or UMW HOLDINGS?
and when it's only an empty shell don't you think it will have a greater value with only 20 million shares?

[hispeedsoul]

Is he still a millionaire? We don't know anything about him at this point. His wealth was strictly based of his stock WSP holdings when it was much higher. It has failed. Why did Oak tree capital sell off all shares for .004 after WSP went bankrupt? Face it. We're stuck here.

[dirkv]

Because I don't think a millionaire like Piao Longhua will let this happen.
The current mktcap is $102.200, the current free float without my shares is $27.200 (I paid more for my shares)
A little bit patience.

[hispeedsoul]

Why keep buying? No communication. Piao Longhua nowhere to be found. The investment group taking over WSP pipe hasn't heard of the stock, nor cares about it. To me....this seems an empty shell at this point. Maybe something will be merged into it, but at this point, WSP pipe is separate from the stock.

[dirkv]

I bought 2 weeks ago 200.000 shares in a private transaction at 0.015 from another Belgian investor.
new avg. 0.083 with 351.168 shares = 1.71% off all shares. (6.47% free float)
But I never expected to see these low prices again.
In the next rally I will start selling at 0.05 to ... so I have at least all my money back.

[hispeedsoul]

So, was all of this just a pump?

[hispeedsoul]

One other number you could try is [phone]

[hispeedsoul]

One other number you could try is [phone]

[hispeedsoul]

Any luck reaching Mr. Piao Longhua?

[hispeedsoul]

Same here. Shows how crazy thin this is though. Wish Mr. Longhua would talk.

[Gutts2318]

Almost got me excited seeing 500% jump on my screen. Bummer. Only 500 shares

[hispeedsoul]

Or [phone]

[hispeedsoul]

Or [phone]

[hispeedsoul]

[phone]

[MOONSHOT]

give me a number and I'll try to reach them

[hispeedsoul]

Bueller.........Bueller.......

[hispeedsoul]

Anybody attempt to call this number? I find it interesting the job ad stated the company is listed on US exchange.

[hispeedsoul]

Anybody attempt to call this number? I find it interesting the job ad stated the company is listed on US exchange.

[hispeedsoul]

With 20 M shares O/S, huge insider ownership, possible short squeeze, and large tax write off opportunities, this could be the perfect R/M candidate. Maybe something be worked on. UMW still holds 22% of shares.

[hispeedsoul]

Where did all the posters go that were stirring up things in November? Any new DD?

[dirkv]

my avg. is 0.2165 so I need a lot of patience.

I think we see this week tax selling and hopefully next week they buy them back.

On 11/24 somebody bought 20.000 shares at 0.055 = 1100 dollar
and now we are down on very light volume
12/28 0.0032 900 = 2.88 dollar
12/28 0.0040 19.400

12/23 0.0050 100 = 0.5 dollar
12/23 0.0094 4500

I think he's so discreet because he's very rich:
http://www.forbes.com/lists/2008/74/chinarichest08_Piao-Longhua_Y3IU.html
250 million, value wshly on that moment between 70 - 100 million, he owns 51% = max. 50 millions wshly so he has at least 200 million in other companies our cash.

[hispeedsoul]

Not a single thing. It's discouraging that WSP put out this statement back in August, and thus far, not a sound from the company.

-UWM - confirms they still own 22% of shares. Has had no contact with WSP holdings and has no contact information. They have no idea if shares will be canceled or not. They seemed uninterested.

-TIPO - Business development manager confirms TIPO taking over WSP pipe mill. She asked me if my interests were with WSP pipe mill itself. I told her my interests are in the stock of the company, and she didn't even know about the stock. It seemed she didn't know it existed or thought it had been canceled?

-IR and ex-employees - all stated they have no contact with the company.

That's where we are. We need to hear from Piao Longhua who seems impossible to contact. I can't find an email or phone number anywhere. The email on the website goes to the old IR company. It's not even being monitored.

I believe Piao Longhua still owns 51% of the stock. Even if this stock were an empty shell, it still holds a ton of value with a tight float, huge insider holdings, and very low O/S.

Just a waiting game and a lottery ticket.

[TheHungryHippo]

Any updates found ?

[hispeedsoul]

Down on 60 shares. Lame

[dirkv]

M A N I P U L A T I O N
Here we go again, from +108% to +11% with 100 shares
98.4% BUY 1.6% SELL

[hispeedsoul]

https://cn.linkedin.com/in/judy-zhu-28346334

She might have some answers if anyone can get a hold of her. I was told the email address - [e-mail] use to go directly to her, so nobody is probably watching that email now.

[hispeedsoul]

That's amazing. 10k shares moved us from .0001 to .0055.

[mgland]

Or some sadistic bastage

[hispeedsoul]

Well, somebody won big grabbing some shares at .0001.

[Billybob_TX]

Some idiot with a market order.

[hispeedsoul]

Umm.......0001? Well, this looks done.

[dirkv]

http://ih.advfn.com/stock-market/USOTC/wsp-holdings-ltd-WSHLY/trades

[hispeedsoul]

That's not right. I bought 20k shares at .0065

[TheHungryHippo]

Of course. Would you expect anything less from the market?

[dirkv]

manipulation?
Buy 20.000 0.0095
Sell 100 0.0065
Buy 20.000 0.0080
Sell 23 0.0065
buy 99.7% Sell 0.3%

[hispeedsoul]

I don't have pm but would like to share an email with you. I'd like your thoughts but will not post on board.

[hispeedsoul]

Nice find. Mr. Piao needs to speak.

[startingboy]

if you press where it say WSP Pipe Co., Ltd it take you to the web site where the statement is , do what you think is best for you, but in my opinion people are missing the boat here shares are intact and the company is back in bussiness i will keep adding all that i can when the next update pop on the website good luck getting shares down here :)

Post Date 14-Dec-15. jobsDB Ref. JTH300003001042235
WSP Pipe Co., Ltd.
Companies W. BSP Pipe Co., Ltd.

Companies W. BSP Pipe Co., Ltd. has manufacturing bases in China, including eight plants. And the stock exchange in the US The company is a renowned manufacturer of oil pipeline in the world market. Export sales both at home and abroad. We have expanded production base to Thailand. The company is located in Amata City Industrial Estate, Rayong Province.



Accounting Officer

Responsibilities

Thailand annexed the tax system of tax reporting in each category.
Documentation for deducting tax at source.
Senior Assistant Accountant And Log Management
Prepare a payment voucher purchase. And Tax Audit
The billing of supplier monitoring.
Tax preparation company must pay with a check, and others involved.
Conducted various tax exemptions and other tax related.
Conducted registration tax and tax changes. Or other
Prepare reports related to taxes.
Qualifications

Experience of accounting and five years and two years of tax experience.
Each category can calculate taxes and tax reports on time.
Knowledge of the Law of the account. Each tax And other relevant laws of the country.
Have knowledge about the process of accounting. Accounting and Management
Can speak Chinese or English well will have an advantage.
Job Location

Map Yang Phon, Pluak Daeng, Rayong.

Contact
Assistant Manager (You Dutduan) company W. BSP Pipe Co., Ltd. Amata City Industrial Estate


7/296 Moo 6 Tambon Map Yang Phon Pluak Daeng
Rayong 21140
Tel: [phone]
Fax: [phone]
Website: Www.wsphl. .com

APPLY NOW
Go directly to your Application Will WSP Pipe Co., Ltd.

http://th.jobsdb.com/TH/en/Search/FindJobs?JSRV=1&Key=%22WSP+Pipe+Co.%2C+Ltd.%22&KeyOpt=COMPLEX&SearchFields=Companies&JSSRC=SRLSC

[startingboy]

maybe they know and don't want to say anything? is up to mr piao when he decide to talk imo for now we have to go for what the statement say.

[hispeedsoul]

Plus...she's not the receptionist. She's the director of business development.

[hispeedsoul]

4 other people from the company were on the email chain. A reforming investment group for WSP holdings should at least know what the stock is for the company they are investing in. You would think they would be buying stock since they are the restructuring group. Whether they are public or not has nothing to do with it. Just sharing my communication with them.

[startingboy]

they are not public company reason to no know what ADR mean, plus she is a Receptionist not an IR

[hispeedsoul]

Well...TIPO didn't know what I was talking about when I said WSHLY ADR shares. Something is up but there is a ton of confusion.

[hispeedsoul]

Well...TIPO didn't know what I was talking about when I said WSHLY ADR shares. Something is up but there is a ton of confusion.