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Nice article from 2017. Little background and history on Pukang Group and Shugang Feng
https://www.chinanews.com.cn/m/cj/2017/08-06/8297091.shtml
Nice catch.
People don't relies the amount of house cleaning that goes into leaning up an old dead shell. And if you're broke like me, you gotta sell shares to pay for it. Takes time. Especially when everyone knows your broke.,
Looks like they got a new Transfer Agent. I guess that's a small indication they're making moves
Damn Chinese are the only ones doing shit
I agree that communications with the CEO is odd but they don't have any avenues for updates outside of filings at the moment. One guy on Stocktwits has access to some Chinese news articles about them but it's not much
Thanks Mav
I've always found those that reply are scams. A big red flag when a CEO replies to rando retail guys like me out of the blue.
Best I can do is get my fishing pole out and do some bottom fishing.
And wait..
Not a good time for drilling oil wells. New wells are down 10%
Biden will run out of Strategic Petroleum reserves soon enough. The entire world is watching and waiting. The Saudis gave old Joe a big fat F'you to your sanction threats.
I bet oil hit $150/brl. About the time they dump this mess in Trumps lap
We are hoping for an update with 2Q filings. Correspondence with CEO confirms they will merge one of their major businesses with this entity. Not sure when. Great entry price imo but no idea on timeline.
Try emailing them to see if they'll give you an update. I haven't gotten a response lately so maybe something is cooking
This thing looks like it's bottomed out.
Good time to take a lotto stack?
$PVRS profile updated
Pukang Group Holdings Ltd., formerly Providence Resources, Inc., was formerly involved in the exploration and development of prospective oil and natural gas bearing properties in Texas. Since April 5, 2022, the Company's name is Pukang Group Holdings Ltd. The company currently has no business operations and intends to seek, investigate and, if such investigation warrants, engage in a business combination with an entity whose business presents an opportunity for the Company's shareholders.
Yes FINRA has been running very slow. There are supposedly a number of different companies waiting for approvals from them.
FINRA could take easily several month just like BOPO case
$PVRS
Name change to Pukang Group Holdings Ltd. is official on TX SOS. And no surprises on the amendment. Now in FINRA’s hands for name & symbol change then we’ll start hearing from the company. Let’s go!
$PVRS
— Suits & Stocks (@Suits_n_stocks) April 26, 2022
Name change to Pukang Group Holdings Ltd. is official on TX SOS. And no surprises on the amendment. Now in FINRA’s hands for name & symbol change then we’ll start hearing from the company. Let’s go! pic.twitter.com/B9DVCEyXlI
Nice. Waiting patiently here as well
I'm very patient with this one. Been here since end of September. Averaged at 7cent. Looking for 1$+. I'd imagine we will be there by EOY
Loaded with 250,000 shares here. .13 average.
Will add heavy if it wants to dip to low .10s
$PVRS best keep a close eye here! Like what the CEO is saying :)
$PVRS
— Suits & Stocks (@Suits_n_stocks) April 1, 2022
This setup keeps looking better and better for those with patience pic.twitter.com/YWACkHYxEG
100,000 shares .. if it dips will buy more . I am in mtrt so i know how to be patient! :)
Why does NIO? Why does PinDuoDuo? We don't drive their cars or shop on their sites. You are small minded not thinking an international custodianship offered on many exchanges is not a top notch merger target. But here we are, and pukang understands the mass exposure is priority. I can't wait to come back and burn your comment. See you on the moon. We are way under radar
WHY does a Chinese Liquor company come to be listed in USA markets, while no Americans drink their liquor???
The only reason is that they will try to steal money here!!!
Be very careful, most listed Chinese companies in USA are scams here, proven! They make false information and accounting.
Then , where’s the company website? A “big” company has no website nowadays? Strange enough,isn’t it? Did you write those info,?
What does the purchase price of the controlling block have to do with the value of a whatever company might be merging in?
.007 is BEFORE they add their business/assets to the equation, not after!
(As the document says, no assets were yet transferred in connection with the change of control. https://www.otcmarkets.com/otcapi/company/financial-report/322688/content )
Pukang Group laid down $250,000 CASH to control this shell, plain and simple.
Most likely for a reason.
31 million shares at $0.007 is being sold at $0.2, great deal, isn’t it?
“Pukang “ doesn’t even have a web site, as a “real” company? Or, nobody here can’t find it? Lol!
This presence is good news IMO :)
I was laughing at your face for your stupid post about not seeing revenue
Why don’t you take your 25 IQ and get the
F. k out of here
Do you mean that he acquired 31 million shares in $250,000 , or $0.008 per share? Too cheap? Obviously, it’s a pump and dump Scam!
You have to be joking LOL !!!!
If you can't find any info, you obviously don't know jack. Hence the Honda ; )
Doubt: "Pukang" might be a Fake or newly established just for this "merger", in order for them to Pump and dump shares. LOL!
That's just the info. on otcmarkets. Do you have Pukang web site? So far, no any official information about Pukang, yet. Very suspicious!
Change of address happens when change of control. They run the board now. New members/president/treasurer and new headquarters. How is that odd to you honda?
Very Weird, that they changed the address, BUT no phone number, no web site, ...on Otcmarkets. They're trying to hide something?
PROVIDENCE RESOURCES, INC.
8 Yongfeng Street
Liangzhou District
Wuwei City 733000
China
https://www.otcmarkets.com/stock/PVRS/profile
...410 million yuan=64mill$$PVRS Yes sir!! Beautiful merger happening. https://t.co/C31KlaGA9t
— A617 (@redcardinal617) March 25, 2022
Can't find "Pukang Group Co., Ltd." Could you post the link for it, please? Thanks.
Do some DD on pukang
But, that filing didn't mention revenues, except the share purchases:
31 Million shares purchased in $250,000, or $0.008 per share.
So Cheap, isn't it?
He bought 31 M shares at $0.008? "The purchase price for the purchase of the 31,123,465 shares was $250,000, which was paid in cash."
$250,000 / 31,123,456 shares = $0.0077
Can you tell where you found that and post the link, please? Thanks.
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Gansu Pukang Liquor Industry Group Co., Ltd. is a large-scale liquor enterprise established after the introduction of a number of strategic investment institutions based on the collective shareholding of a long-established brewing elite team. The staff team was originally employed by Wujiu Group (formerly known as Gansu Wuwei Winery established in 1953). On November 19, 2013, the staff team broke away from the seriously insolvent Wujiu Group. With the support of powerful strategic investment institutions, Gansu Pukang Liquor Group was officially established, and obtained the Wujiu Group's brewing production line, Ownership of core production elements such as wine cellars and trademarks of the word "Wu". Pukang Group currently has 10 subsidiaries including Wuwei Vanke Breeding Co., Ltd., Wuwei Daxia Pukang Cultural Industry Co., Ltd., Wuwei Xiawang Ceramic Craft Products Co., Ltd., Gansu Hurricane Media Co., Ltd., and Gansu Jufu Trading Co., Ltd. The group has preliminarily established the organizational structure and operation structure of a large-scale holding enterprise integrating liquor production and sales, planting and breeding, research and development of Xixia culture, ceramic manufacturing, advertising, trade and logistics.
At present, Pukang Group continues to use "Wu Jiu Tan Zang Liquor", which is well-known in the Hexi market, as the main brand of production and sales, clearly showing the marketing trend of stabilizing the Hexi market, seizing the Lanzhou market, and penetrating the market inside and outside the province. "Wu Jiu Tan Zang Liquor" is based on the innovative fusion of Western Xia wine culture and porcelain culture, which greatly enhances the brand value of aged Wuwei wine. In June 2013, a domestic-scale old wine auction was held in Lanzhou. A ten kilograms of Wuwei grain and liquor sealed in 1953 was auctioned for a high price of 1.568 million yuan. The auction was widely publicized by more than a thousand media at home and abroad. This makes the brand "Wu Jiu Tan Zang" well-known at home and abroad, and is well-known in the wine industry. The brand "Wu Jiu Tan Zang" is a prominent banner erected in the west with its unique cultural positioning and beautiful wine quality. It is not only the brand foundation for making Pukang Group bigger and stronger, but also the core engine that promotes the vigorous development of Wuwei's liquid industry.
Pukang Group covers an area of nearly 800 acres and has more than 800 employees, including 1 home-level liquor judge, 16 provincial-level liquor judges, and more than 150 technical personnel of various types. The company has formed a mature and stable workforce, skilled The advanced production process and broad sales network, the operation is stable and orderly, the strength is increasing day by day, and the vitality is increasing day by day.
With the beautiful vision of actively participating in the construction of the Silk Road Economic Belt and revitalizing "Wuwei Wine City", Pukang Group plans to invest more than 2 billion yuan to further explore and develop the rich Xixia wine culture, Xixia porcelain culture and Xixia folk customs in Wuwei. On the basis of protecting the ruins of Xixia porcelain kilns, a new production line and ceramic industrial park with an annual output of 2,000 tons of liquor will be built in Wunan Industrial Park, forming a collection of winemaking development, heritage protection, Xixia ancient town, porcelain manufacturing, ecological management, tourism and vacation, etc. The integrated Xixia cultural industry base has deeply integrated the liquor industry with the tourism industry and cultural industry.
Gansu Pukang Liquor Industry Group Co., Ltd. is a large-scale liquor enterprise established after the introduction of a number of strategic investment institutions based on the collective shareholding of a long-established brewing elite team. The staff team was originally employed by Wujiu Group (formerly known as Gansu Wuwei Winery established in 1953). On November 19, 2013, the staff team broke away from the seriously insolvent Wujiu Group. With the support of strong strategic investment institutions, Gansu Pukang Liquor Group was formally established, and obtained the Wujiu Group's brewing production line, Core production elements such as wine cellars and ownership of the "Wu" series of trademarks.
Pukang Group currently has 10 subsidiaries including Wuwei Vanke Breeding Co., Ltd., Wuwei Daxia Pukang Cultural Industry Co., Ltd., Wuwei Xiawang Ceramic Craft Products Co., Ltd., Gansu Hurricane Media Co., Ltd., and Gansu Jufu Trading Co., Ltd. The group has preliminarily established the organizational structure and operation structure of a large-scale holding enterprise integrating liquor production and sales, planting and breeding, research and development of Xixia culture, ceramic manufacturing, advertising and publicity, and trade and logistics.
At present, Pukang Group continues to focus on the production and sales of "Wu Jiu Tan Zang Liquor", which is well-known in the Hexi market. "Wu Jiu Tan Zang Liquor" is based on the innovative fusion of Western Xia wine culture and porcelain culture, which greatly enhances the brand value of aged Wuwei wine. In June 2013, a domestic-scale old wine auction was held in Lanzhou. A ten kilograms of Wuwei grain and liquor sealed in 1953 was auctioned for a high price of 1.568 million yuan. The auction was widely publicized by more than a thousand media at home and abroad. This makes the brand "Wu Jiu Tan Zang" well-known at home and abroad, and is well-known in the wine industry. The brand "Wu Jiu Tan Zang" is a prominent banner erected in the west with its unique cultural positioning and beautiful wine quality. It is not only the brand foundation for making Pukang Group bigger and stronger, but also the core engine that promotes the vigorous development of Wuwei's liquid industry.
Pukang Group covers an area of ??nearly 800 acres and has more than 800 employees, including 1 home-level liquor judge, 16 provincial-level liquor judges, and more than 150 technical personnel of various types. The company has formed a mature and stable workforce, skilled The advanced production process and broad sales network, the operation is stable and orderly, the strength is increasing day by day, and the vitality is increasing day by day.
With the beautiful vision of actively participating in the construction of the Silk Road Economic Belt and revitalizing the "Wuwei Wine City", Pukang Group plans to invest more than 2 billion yuan to further explore and develop the rich Xixia wine culture, Xixia porcelain culture and Xixia folk customs in Wuwei. On the basis of protecting the ruins of Xixia porcelain kilns, a new production line and ceramic industrial park with an annual output of 2,000 tons of liquor will be built in Wunan Industrial Park, forming a collection of winemaking development, heritage protection, Xixia ancient town, porcelain manufacturing, ecological management, tourism and vacation, etc. The integrated Xixia cultural industry base enables the deep integration of the liquor industry, the tourism industry and the cultural industry.
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