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WAYS one for 5 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Took a second look.,
10.5m issued to accredit sharehokders @.10 in April.
That 6 month is up in October.
Could get ugly if they trip over each other to exit.
Pink Current
Insane spread .0064 x $1
76k float.
Would be a fun shell if sgares were given up, but bag holders have s long way to go to be break even. And they’ve held this long.
R/M news and the top blows off this.
I’ll set a few low alerts.,
WAYS: effective Jan. 26,2016 a one for 20 reverse split. ***closing PPS on Jan. 22/16 was .51 on illiquid volume of 33 shares.
http://otce.finra.org/DLSymbolNameChanges
China Bio-Energy Corp., CHIO, changed to Wave Sync Corp., WAYS:
http://otce.finra.org/DLSymbolNameChanges
CHIO is getting attension and momentu
1 : 40 R/S . Link :
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/02/2011&mkt_ctg=NON-OTCBB
CHIO news:
Form 8-K for CHINA INSONLINE CORP.
10-Dec-2010
Entry into a Material Definitive Agreement, Submission of Matters to a Vote
Item 1.01. Entry into a Material Definitive Agreement.
On December 6, 2010, China INSOnline Corp. (the "Company") entered into an Amendment (the "Amendment") to the Share Exchange Agreement (the "Share Exchange Agreement"), dated November 12, 2010, with Ding Neng Holdings Limited, a British Virgin Islands holding company ("Ding Neng Holdings"), which owns (i) 100% of Ding Neng Bio-technology Co., Limited, a Hong Kong company, which owns (ii) 100% of Zhangzhou Fuhua Biomass Energy Technology Co., Ltd. ("Fuhua"), a foreign investment enterprise organized under the laws of the People's Republic of China, or PRC, and which has, through various contractual agreements, management control and the rights to the profits of Fujian Zhangzhou Dingneng Bio-technology Co., Ltd. ("Ding Neng Bio-tech"), a corporation organized under the laws of the PRC, as a variable interest entity. Ding Neng Bio-tech engages in the production, refinement and distribution of bio-diesel fuel in southern China.
The Amendment provides for an acquisition transaction (the "Amended Acquisition") in which the Company, through the issuance of shares of its common stock representing 90% of such common stock issued and outstanding immediately following the closing of the Amended Acquisition, will acquire 100% of Ding Neng Holdings. Upon completion of the Amended Acquisition, the existing shareholders of the Company will own an aggregate of 4% of the post-acquisition entity. In addition, the Company has agreed to effect a reverse stock split of 1:40 (the "Amended Reverse Stock Split") prior to the closing of the Amended Acquisition and to have no more than $250,000 in liabilities outstanding as of the closing of the Amended Acquisition. The Company must maintain its current listing on the Pink Sheets through the closing. All other terms of the Share Exchange Agreement remain the same.
Item 5.07. Submission of Matters to Vote of Security Holders
In connection with the Amendment, on December 6, 2010, the Company's board of directors, and stockholders collectively holding 25,088,000 shares or approximately 55% of the Company's outstanding common stock executed written consents approving the Amendment, and the transactions in connection therewith, and the Amended Reverse Stock Split.
The Share Exchange Agreement, prior to the Amendment, originally provided for
(1) an acquisition transaction (the "Acquisition") in which the Company agreed to issue shares of its common stock representing 85% of the post-acquisition entity in exchange for 100% of the ownership of Ding Neng Holdings, (2) a reverse stock split of a ratio between 1:20 and 1:40 prior to the completion of the Acquisition (the "Reverse Stock Split") and (3) the filing of an Amended and Restated Certificate of Incorporation to change its name to China Bio-Energy Corp., effective upon closing the Acquisition, to better reflect the post-acquisition entity's business (the "Name Change"). In connection with the original Share Exchange Agreement, on November 11, 2010, the Company's board of directors and stockholders collectively holding 25,088,000 shares or approximately 55% of the Company's outstanding Common Stock executed written consents approving the original Share Exchange Agreement and the transactions in connection therewith.
The consents the Company received in connection with the Amendment, the Share Exchange Agreement, and the transactions thereunder (collectively, the "Transactions") constitute the only stockholder approval required for such items under the Delaware General Corporation Law (the "DGCL") and the Company's existing Certificate of Incorporation, as amended, and its Amended and Restated Bylaws. Pursuant to Rule 14c-2 of the Securities Exchange Act of 1934, as amended, stockholder approval of the Transactions will become effective on or after 20 calendar days following the date we first mail an information statement to the Company's stockholders. As soon as practicable after such date, we intend to consummate the Amended Acquisition and file a Certificate of Amendment to our Certificate of Incorporation with the Secretary of State of Delaware effecting the Amended Reverse Stock Split and Name Change.
might be worth the gamble here,nov 8th is filing date?
there's a chance this might crash on monday too. so far they have only given an LOI, and it's nothing really.
i already put my money on other company.
do you know what does the other company do? it only says bio tech
with this merge it might could double from here , so its not too late to get back :).
I bought today myself.
damn, i already got out of this one a few weeks ago..GLTA
Since I just don't have much DD time into this one, I took .30 for most of the shares I got at .22 a few days ago. EZ gain for more free shares to hold long term...lots of bargains in the US listed china sector...will just keep cycling thru more and more of them.
GL to the few of you reading here. Hope to see CHIO become a conglomerate and ten bagger some day, rather than a questionable operation?!?! I'm in just the way I like it...on "free" shares from trading in a tax deferred acct. The web site for the co. merging into CHIO is not too impressive...probably ok, but who knows?!? Some % of these china plays won't work out.
Just added SKBI to my china plays... full stochastics are right in the sweet buy spot...coming up to 20ish and rising.
JADA 3 year weekly view is GREAT. Currently overweight JADA again on swing trade shares and holding a nice stake of long term core hold "freebies"
No gap fill...headed back up on very high volume for this stock...
Wild one here...
.23 would fill the gap up...might do it today yet? Odd trading for sure...not inspiring great confidence.
Maybe they fill the gap up and let it rip to above .30 to close it?
Nearly 400K shares traded already...sort of looks like that gap up won't fill. Could become a breakaway gap up, I hope...if it keeps rising on really high volume.
Could be company maker news last night...I don't know??
no idea...I had a few shares of this for quite a few months...free ride shares from swing trading it once or twice way back when it was closer to a buck. I averaged down at .22 the other day for a modest swing trade. I guess I should have cashed in for more free shares this am at .32!!
Will be interesting to see...hope it's a valid play. China micro bets should be modest as the cos. credibility is an issue, even with the ones on quality exchanges...
Just bought in 0.26 hope that is a good place to buy ?
This one could go crazy today...great late action yesterday. Short squeeze or questionable deal???
Merger News --- this ones back in play !!
Merger News --- this ones back in play !!
Merger News --- this ones back in play !!
guys. any news on this company?
Any updates on this company or has it gone bankrupt?
I tried to shoot an email to them asking questions a couple of days back, the email does not work anymore.
did anybody attended the annual company meeting? if so, can you share us what's their next growth strategy is gonna be going forward?
My guess is they will be leaving the internet website developer business and focus more on the physical Insurance industry
ouch! hope you guys can make a comeback.
CHIO,Today should be an up day.Hang in there.
CHIO More buys than sell;s today.Please close over .42
CHIO 3:45 is a pivot time.If we go up then and close @ hod or higher will be a nice gap tomorrow.IMO.
Nsdq hits Iseg with a powerful right Breaking open the bollinger band,and rupturing thru the 20 ma.
Now Cinn the referee breaks them up.Warns Iseg about no illegle upticks.And they're at it again.
Iseg slips in a terrible body shot, Knocking Nsdq back to .4009.But wait Nsdq with shaking hands and arms as strong as Iron Bands.Hits Iseg with a combination,Left to the body right from the floor to the jaw.Evens up the card @ .4045
This championship match started @ 12:00pm.Right now wer're in the middle rounds.Nsdq alittle behind on points .4025 to .4055.But wait!!!Nasdq eyeing Iseg, Nsdq is winding up for a bolo punch!
Nsdq playing Rope A Dope with Iseg.When Nsdq comes off the ropes Iseg is in in trouble
Hey, I'm happy the stock is up. I still have shares but c'mon....they're going to broadcast that they were able to get the 10q in before it was too late? That's a fluff pr if I've ever heard one. This still doesn't solve the listing requirements that count, which haven't been addressed. Looks to me they're trying to drum up some positive interest, which has long been absent. So, I'm happy with that. Some react to any news. Looking more closely though, the two prs really don't amount to much, imo.
On L2 Nsdq about to knock out Iseg.Sucker punch that lamo!
To concerned investors.I found out the complaint dept is run by Helen Wait.If you have a complaint.Go to hel n Wait.
The Bid is upticking,The price is heading up,Great news Compliance with Nazdaq.How can anyone complain today?
Doesn't negate the fact that a lot of this is brought on by the company itself. These naked shorts don't just pick a co. from a hat. I hate their tactics as much as anyone, but even dealt with, Chio needs to communicate and deliver better if they expect this to be anything but a web of confusion to a serious investor.
Oh I think if the naz news will bring attention today,and if CHIO heads up after 2:00 pm and closes above the low.We will see a nice climb over time.
Things are okay. Chio is a strange bird and that comment repeated thrice? got to me also. I just wasn't prepared for such a 10q and even now, all we hear is how good they're gonna do, but again, they're much too silent. I was surprised they got on the naked short bandwagon. That actually bothers me a bit. It's as if their business can't do the talking for them. If they show they know what they're doing, the naked short situation will take care of itself. For sure, I had this as one of my longs. Now, I'm looking at it with more questions than ever before. Hey, just like every penny stock!
As far as our other friend, I saw that it was .005+ and now back to .002+. Still waiting for that Bob to get the ore out on the market. Going on my 4th year anniversary of the big lie!
This is making the buzz cloud and I am on it for sure here.
Looking for a .50 break on the news today.
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CHIO / China INSOnline Corp.
Company Profile
The company, through its Web site, soobao.cn , provides a network portal to insurance companies, agents, and consumers for advertising, online inquiry, news circulation, online transactions, and statistic analysis and software development.
It also offers Web site construction services to marketing teams in the insurance industry; and software development services, as well as operates as a licensed online motor vehicle, property, and life insurance agent. The company was founded in 2006 and is based in Hong Kong.
Chinese Business Website: www.soobao.cn
Corporate/IR Website: www.china-insonline.com
Powerpoint Presentation September 2009: (click here)
Latest News:
China INSOnline Reports Net Revenues Advance 31% in Fiscal Year (October14, 2009)
China Insonline Corp. is pleased to provide Corporate Update (July 1, 2009)
China INSOnline Reports 2009 Third Quarter Net Income Grew 36% on a 24% Increase in Net Revenues (May 15, 2009)
China INSOnline Corp. Reports Strong First Quarter Growth in Revenues and Profits (Nov. 19, 2008)
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