GSI

General Steel Holdings, Inc.

NYSE

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GSI

General Steel Holdings, Inc.

NYSE

Add Alert

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IPO$

04/21/16 10:56 AM

Post #805

General Steel Announces Notice of Noncompliance with NYSE Continued Listing Standards

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Alert

General Steel Holdings, Inc. (NYSE:GSI)
Intraday Stock Chart

Today : Thursday 21 April 2016
Click Here for more General Steel Holdings, Inc. Charts.

BEIJING, April 21, 2016 /PRNewswire/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), announced today that on April 15, 2016, the Company received a notice from the New York Stock Exchange (the "NYSE") indicating that the Company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (the "Form 10-K").

$Pistol Pete$ Free

03/28/16 11:49 AM

Post #804

Re: #803: @cjstocksup - Missed that dip to $1.70 this AM or

$GSI 15' Chart

cjstocksup PremiumMember

03/28/16 11:49 AM

Post #803

Re: #802: @$Pistol Pete$ - $GSI Daily Chart http://www.stockcharts.com/c-

Missed that dip to $1.70 this AM or would have re loaded. Dang.

$Pistol Pete$ Free

03/26/16 2:00 PM

Post #802

Re: #800: @ClayTrader - * * $GSI Video Chart 03-24-16 * *

$GSI Daily Chart

stocktrademan Free

03/25/16 1:18 PM

Post #801

ClayTrader Free

03/24/16 4:47 PM

Post #800

* * $GSI Video Chart 03-24-16 * *

Link to Video - click here to watch the technical chart video

cjstocksup PremiumMember

03/24/16 4:01 PM

Post #799

Re: #797: @UP Trend - Yup adding at these levels!! Tiny float

Took my profits when we had the nice run over $2.00 a bit ago. This one swung way too crazy today. That dip was the perfect place to load though for a nice flip trade.

cjstocksup PremiumMember

03/24/16 12:38 PM

Post #798

Re: #797: @UP Trend - Yup adding at these levels!! Tiny float

Added more GSI here. Once we run green above again and start to move up we should see the stop losses stop falling on the dips. Then we can run up huge again with ease. GSI should be over $3.00 today with this news.

UP Trend

03/24/16 11:58 AM

Post #797

Re: #796: @cjstocksup - Loaded GSI here.

Yup adding at these levels!! Tiny float

cjstocksup PremiumMember

03/24/16 11:54 AM

Post #796

Re: #794: @UP Trend - Trekking back up!!

Loaded GSI here.

cjstocksup PremiumMember

03/24/16 11:51 AM

Post #795

Re: #793: @UP Trend - Gonna grab this dip

GSI looks like a good buy on the dip. Low float and OS.

UP Trend

03/24/16 10:39 AM

Post #794

Trekking back up!!

UP Trend

03/24/16 10:23 AM

Post #793

Gonna grab this dip

MANOLO1775 Free

03/24/16 9:38 AM

Post #792

Up 100% today!!!!!

Deerhunter496 Free

03/04/16 10:10 AM

Post #791

Re: #790: @jfray99 - Haha, interesting! Well I know their liabilities will drop

Hope so, I was watching this for about 3 months and finally bought in at $1.02 last week. So far, so good.

jfray99

03/03/16 5:48 PM

Post #790

Re: #789: @Deerhunter496 - Not that it means anything, but Yahoo finance

Haha, interesting!

Well I know their liabilities will drop a ton on this next quarterly filing and cash will increase by roughly a million.

Those 2 facts alone will drive the price up in my eyes.

Deerhunter496 Free

03/03/16 5:27 PM

Post #789

Re: #788: @jfray99 - General Steel Holdings - Analyst Reviews - Latest

Not that it means anything, but Yahoo finance has the 1 year target est. at $4

jfray99

03/02/16 3:29 PM

Post #788

General Steel Holdings - Analyst Reviews - Latest as of May 2015

http://www.mzcan.com/us/GSI/irwebsite/index.php?mod=analyst

Price target set at $3

Longer Than Most Free

01/13/16 11:19 AM

Post #787

Anyone else watching for the bounce?

Stanner

01/11/16 8:42 AM

Post #786

Re: #781: @detearing - Feeling like I kissed the sky, feeling high

BA-sub-penny start-up TPAC,met with Boeing Friday-Follow-up meetings MTW this 1/11-1/13-need better class of investors going foward_!$$$!_ twitter is tpacbearings-current_&_history reading as well-worth googling for twitter feed

IPO$

01/07/16 11:20 AM

Post #785

In the midst of a market blood bath today. Impressive.

PAC

01/07/16 11:19 AM

Post #784

Re: #783: @IPO$ - Wonder how China will affect the price today?

GSI popping

IPO$

01/07/16 7:26 AM

Post #783

Re: #782: @PAC - GSI 2.09 some bounce buy points coming up

Wonder how China will affect the price today?

PAC

01/07/16 1:13 AM

Post #782

GSI 2.09 some bounce buy points coming up depending on opening price action. Looking at 1.70, 1.40 - 1.55

detearing

01/06/16 3:52 PM

Post #781

Feeling like I kissed the sky, feeling high with that buy. So glad I said bye bye just over four bucks yesterday. Aw shucks, must have been luck. Today GSI tanked and I just want to thank my inner sense to get out without a doubt. So no looking back jack. Over and out.

bar1080

01/06/16 12:27 PM

Post #780

Re: #728: @detearing - Been accumulating in June...looks like happy days are

Wow you got killed Detearing!

IPO$

01/06/16 12:20 PM

Post #779

General Steel to Divest Steel Manufacturing Business

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Alert

General Steel Holdings, Inc. (NYSE:GSI)
Intraday Stock Chart

Today : Wednesday 6 January 2016
Click Here for more General Steel Holdings, Inc. Charts.

BEIJING, Jan. 5, 2016 /PRNewswire/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), announced today that on December 30, 2015, the Company signed a series of restructuring agreements to effect the sale of its steel manufacturing business.

Due to persistently depressed market trends for the steel business in China, the Company's steel manufacturing business had repeatedly suffered heavy net losses in recent years, and as the depressed market is expected to prolong in 2016 it is estimated that the steel manufacturing business will continue to further deplete the Company's working capital. The Company and its Board, as previously announced, had thoroughly evaluated strategic alternatives and been exploring optimal solutions for the divesture of its steel manufacturing business.

On December 30, 2015, the Board approved the Company's entering into an agreement to sell its wholly-owned General Steel (China) Co., Ltd. and its entire equity interest in Shaanxi Longmen Iron and Steel Co., Ltd. for $1 million to an affiliate of Victory Energy Resource Limited, a HK registered company indirectly-owned by Henry Yu, the Company's Chairman. Comparatively, the net equity of the assets and liabilities included in the transaction was negatively valued by a third party.

Through the transaction, the Company expects to receive a net working capital injection of $1 million, and realize a reversal of equity deficiency of approximately $1.6 billion, benefiting from a large reduction in total liabilities. The transaction will also save the Company from incurring future losses and obligations from steel manufacturing.

After the sale, the Company plans to focus on accelerating its cleantech business via its 84.5% equity ownership in Catalon Chemical Corp. ("Catalon"), which develops and manufactures De-NOx honeycomb catalysts and industrial ceramics. The Company will also own 32% of Tianwu Tongyong (Tianjin) International Trading Co., Ltd, which mainly sources overseas iron ore for steel mills, and 99% of Maoming Hengda Iron and Steel Co., Ltd, which holds valuable land assets worth an estimated RMB 250 million.

"The timely divesture of the steel manufacturing business is necessary for General Steel in order to preserve liquid assets that will enable the Company to survive and to focus on the promising cleantech business," commented Ms. Yunshan Li, Chief Executive Officer of General Steel, "We are thankful to Chairman Yu with his generous offer to acquire our steel manufacturing business which will alleviate the Company from incurring further losses that would potentially consume all of our remaining working capital. Following the transaction, we expect our balance sheet will be much stronger due to a lower debt burden and higher equity. We also expect to be able to liquidate the land assets in Maoming that could potentially provide as much as $30-40 million cash gain."

"As we concentrate our efforts on where we can have the greatest growth and return on investments, we are fully committed to accelerating our cleantech business. With the air pollution getting worse throughout China, the government in December launched a new policy to curb emissions from coal in its next five-year plan. The new policy will offer additional subsidies for power plants that can meet ultra-low emission requirements, including minimum oxygen content and concentration level of smoke dust, sulfur dioxide, and NOx emission. We anticipate our De-NOx honeycomb catalysts business will contribute to our growth and profitability in 2016." Ms. Li concluded.

About General Steel

General Steel Holdings, Inc. is headquartered in Beijing, China and produces a variety of steel products including rebar and high-speed wire. Through its majority equity interest in Catalon, the Company also develops and manufactures De-NOx honeycomb catalysts and industrial ceramics.

To be added to the General Steel email list to receive Company news, or to request a hard copy of the Company's Annual Report on Form 10-K, please send your request to investor.relations@gshi-steel.com.

IPO$

01/06/16 12:19 PM

Post #778

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On January 4, 2016, General Steel received a notice (the “NYSE Notice”) from NYSE Regulations, Inc. that it is not in compliance with the continued listing standards set forth in Section 802.01C of the Listed Company Manual (“Section 802.01C”) of the New York Stock Exchange, Inc. (the “NYSE”). Such noncompliance is based on the average closing price of the Company’s common stock being less than $1.00 over a consecutive 30 trading-day period. The Company will provide the NYSE with the required response within 10 business days of its receipt of the NYSE Notice, stating its intent to cure this deficiency.

In accordance with the NYSE Notice, the Company has 6 months from the date of receipt of the NYSE Notice to achieve compliance with the continued listing standards of Section 802.01C. The Company’s common stock will continue to be listed and traded on the NYSE during this 6 month cure period, subject to NYSE’s discretion, under the symbol “GSI,” but will continue to be assigned a “.BC” indicator by the NYSE to signify that the Company is not currently in compliance with the NYSE’s continued listing standards. In the event that the Company fails to achieve compliance with the continued listing standards of Section 802.01C by the expiration of the 6 month cure period, the NYSE may commence suspension and delisting procedures.

ClayTrader Free

01/05/16 5:01 PM

Post #777

* * $GSI Video Chart 01-05-16 * *

Link to Video - click here to watch the technical chart video

detearing

01/05/16 11:06 AM

Post #776

Re: #774: @TheFinalCD - what time did GSI re*open

Looks like it opened up first thing this morning...I am out, loved that one. GLTA...in around .9 out just over $4.

detearing

01/05/16 11:05 AM

Post #775

Sold just over $4. Don't like the news...I like steel sector stocks so moved this over to mt you see.

TheFinalCD PremiumMember

01/05/16 10:46 AM

Post #774

Re: #769: @detearing - Interesting what happened in China today. Halt there

what time did GSI re*open

Tdash

01/05/16 10:17 AM

Post #773

$6???

PAC

01/05/16 10:10 AM

Post #772

GSI wow , compelling news

Tdash

01/05/16 10:10 AM

Post #771

lol nice!!!!!!!!

ClayTrader Free

01/04/16 5:02 PM

Post #770

* * $GSI Video Chart 01-04-16 * *

Link to Video - click here to watch the technical chart video

detearing

01/04/16 4:29 PM

Post #769

Interesting what happened in China today. Halt there as well, but that was because they let big shareholders sell...

GSI halt could be similar, but obviously we had huge volume so good news for longs.

Holding GSI long...$$$