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Red, I have been puzzled also but my interpretation is that based on every single recent SEC filing, the old office address is provided, and to me that indicates that this location is the central headquarters for management and the staff that takes internet orders. They must have another location(or more) where all the products are stored for immediate distribution by using their fleet of vans that travel all over the city and outside areas. WE should get more details when the next financials are filed.
Pack, I am being repetitious but I cannot avoid mentioning again and again the importance of those 2012 financials in connection with new financing. Remember that Gregory Tse was prevented from achieving his assigned goal by FAILURE FROM ROTENBERG TO PROVIDE HIM WITH AUDITED 2012 FINANCIALS. Tse simply could not have approached any lender without those audited and SEC-filed reports.
People that are not aware of that event do not understand why this company has been unable to get the additional financing which would have been available to them a long time ago if Rotenberg had not failed so miserably in doing their work right......
Hey pack, if you look at the video that the company made about 2 years ago you will notice at the end that Ms. Gong brings all the staff (particularly the females) outside the building and you can see a big plaza which has a spouting fountain in the middle, and then the video ends with the company flag being hoisted up...
Well this is the Google view and if you look on the right you will see the quarter-semi-circular tall building (in which the company is housed) with the plaza in front of it and what looks like a water fountain like they have in Europe, particularly in Rome. One more thing, if you can afford it take all available shares away from weak hands that are willing to sell now because they have no idea that this company is now "in good hands"--and by that I mean Marcum, et al.....and talking about Marcum, I can tell you that when they complete the filings they will make sure that all the information is "SEC-proof"{no revisions needed} and you can be sure that they will flaunt their achievement to prove that they are better than Parker, and way ahead of Rotenberg!!!
https://maps.google.co.in/maps?source=s_q&hl=en&geocode=&q=504,+West+RenMin+Road,,+Kunming+City,+Yunnan+Province+People's+Republic+of+China,&sll=21.125498,81.914063&sspn=36.044327,16.611328&ie=UTF8&hq=&hnear=People's+Republic+of+China+Yunnan+Kunming+Wu+Hua+Qu+Ren+Min+Xi+Lu+504%E5%8F%B7&ll=25.046475,102.664981&spn=0.001084,0.00121&t=h&z=19&lci=com.panoramio.all,com.google.webcams
So it looks like someone read my previous post and decided to contact the people in China and get the scoop...LOL...
Hey Hoozy, how about telling us what your philosophy is in shorting stocks...let's hear from one of the gang...yea, I am sure you have a lot to tell us...by the way, which stock did you have in mind shorting...what, not the stock I am thinking about...LOL
A FEW MORE DAYS BEFORE THE BIG NEW YEAR EXODUS BEGINS...BY THE WAY THE hk EXCHANGE HAS LOST ABOUT A THOUSAND POINTS DURING THE PAST 10 DAYS...LUCKY US WE STILL HAVE FIRST CHINA LISTED ONLY IN THE USA....
One more thing hoozy, we still one good man that we depend on when the time comes...that man's photo can be found on the left side just above my fcpgalltheway name on the left side.
Hey novice, the Chinese new year is going to start this week and I am sure things are going to slow down there, but we have nothing to worry about because we know that this company has made the right choice in selecting Marcum. And we all know that red, dmg, old, hoozy, etc can never be completely erased! This is a nice clean post which I expect to see published.
http://boardreader.com/fp/Investors_Hub_Discussion_Group_68461/First_China_Pharmaceutical_Group_Inc_985741.html
Just look at this sensational news item................
Look at who is number one....
And look at one of the new additions....
How about this stock opening at 10 cents on Monday morning...
http://www.accountingtoday.com/news/marcum-lead-q4-sec-audit-gains-69385-1.html?CMP=OTC-RSS
Well redsky, concerning that after hours trade, it seems that at eleven seconds (4:00:11)after 4 pm a trade of 500 shares at 7 cents took place and it was labeled as a T-trade. I don't think it means much but I researched the meaning of this type of trade and found the following which might help...
http://incrediblepennystocks.wordpress.com/2013/06/25/incredible-penny-stocks-what-is-a-form-t-trade/
Keep your eyes open for the next t-trade when 50,000 shares are traded at 15 cents...LOL<<<<<<<<<<<<<<<<<<<<<
Taking a realist approach to what is happening to this company, it is possible that the company is still minimally active just to make enough money to pay the salaries of the executives and staff and some workers. They know that they can't afford to pay for accountants or other expenses, and since they also know that this stock has basically no value at this moment they are not going to issue any information that would compromise them with the SEC.
The only hope that exists and which we are completely in the dark on, is the possibility that whatever has been confiscated by the local government will one day be compensated to some extent. Also, we have no idea as to how the bad winter weather has affected this company on any remaining business. If any of you can take the time and the expense to investigate what has happened at the local level you will get the real answer.
So,the Chinese market goes drastically down, the NY Dow goes down drastically by more than 300 points and our FCPG remains steady as ever at a reasonable level...we have a good stock and we have at least 29 shareholders who feel very happy with this company, knowing that very soon those financials will be released and we will be celebrating A NEW BEGINNING!!!!!!!!
My advise to all those who do not yet own 1 million shares is to keep buying until you reach that level...LOL>>>>>, yea I am LOL because that is one thing that I would like to do but cannot do.
I even asked one recently made friend to buy some shares for me but he simply skipped town and disappeared...I have to be careful when making new friends!!!
When it comes to leadership, and being the leader of the pack always keep your eyes open for Ms. Gong--she is the one who leads the young women who answer the phones on the plaza outside company headquarters on a sunny day and raises the company flag on the pole to end the video on a positive ways......she is a petite woman but she can beat that heck out of a sumo wrestler anytime...LOL>>>>>
GOOD NEWS FOR SHAREHOLDERS OF THIS STOCK....
Hey Red, nothing to worry about--everything is fine--all that we have to fear is fear itself!!! Very soon, after the Chinese holiday is over and the Marcum people have had enough time to recover their wits they will dedicate serious time to finalize the financials and sometimes in February we will see all those reports come out. THE ONLY TOPIC OF CONVERSATION AT THAT TIME WILL BE THE STATEMENTS MADE BY WANG IN HIS COMMENTARY ABOUT WHAT WE CAN EXPECT FOR THE 2013 FINANCIALS WHICH WILL FOLLOW SOON THEREAFTER, AND WHAT IS HAPPENING RIGHT NOW.
I hope he tells us that Tse has embarked on his mission to scour around banks, other financial institutions and individuals to accomplish the mission that he had accepted earlier before he was prevented to act accordingly due to the failure of Rottenberg in providing him with audited financials which he would have carried with him...and accomplished his mission one year ago.
WE AND THIS STOCK ARE ABOUT TO EXPERIENCE A REVERSAL OF FORTUNE VERY SOON.............................
There are a lot of sick people in China when winter comes--and even more during the new year holiday when a lot of them indulge by eating and drinking the wrong stuff...Wang is ready for these events and he is still putting his emergency staff on call to complete orders as fast as they come...he knows more than we do and he has learned to be a patient man during these years when his paper profits have been wiped out...but he's holding the trump card because he knows more than we do!!! I should not put all the praises on Wang, when in reality it is Ms. Gong who generates the additional profits from that other distribution company that could not survive without First China. She is one smart cookie!!!They re not going to let the goose that lays golden eggs fail...and they are probably thrilled to an extreme just thinking that finally they are in good hands with the Marcum auditors who are located 200 miles away and they all speak Chinese...that is a good feeling for Wang and family...the family that plays together stays together! There is a fool born every day and the only fool that was born today was the one who sold those shares at 6 cents...LOL<<<<<<<<<<<<<<<<<<<<<<<<<<<<
P.S. ChargersBeatWriter if you want to be included officially on the list of shareholders you must make an official request on this board by advising of the number that you want....
SIXTH UPDATED LIST AS OF JANUARY 22, 2014:
alltheway:1 shareholder; 1 family/friends shareholders…total 2
novice: 2 shareholders; 3 family or friends shareholders…total 5
pack: 1 shareholder; 3 family or friends shareholder…total 4
red: 1 shareholder; 0 family or friends shareholders…total 1
dmg: 1 shareholder; 5 family/friends shareholders…total 6
hoozyrdadi: 1 shareholder; 0 family/friends shareholders…total 1
bs: 1 shareholder; 1 family/friends shareholders…total 2
redsky: 1 shareholder; 0 family/friends shareholders…total 1
stopshortH:1 shareholder; 0 family/friends shareholders…total 1
gwb:1 shareholder; 1 family/friends shareholders…total 2
oltimer: 1 shareholder; 1 family/friends shareholders…total 2
robfierce: 1 shareholder; 1 family/friends shareholders…total 2
TOTAL SHAREHOLDERS CONNECTED/RELATED OR FRIENDS....29
FIFTTH UPDATED LIST AS OF JANUARY 21, 2014:
alltheway:1 shareholder; 0 family/friends shareholders…total 1
novice: 2 shareholders; 3 family or friends shareholders…total 5
pack: 1 shareholder; 3 family or friends shareholder…total 4
red: 1 shareholder; 0 family or friends shareholders…total 1
dmg: 1 shareholder; 5 family/friends shareholders…total 6
hoozyrdadi: 1 shareholder; 0 family/friends shareholders…total 1
bs: 1 shareholder; 1 family/friends shareholders…total 2
redsky: 1 shareholder; 0 family/friends shareholders…total 1
stopshortH:1 shareholder; 0 family/friends shareholders…total 1
gwb:1 shareholder; 1 family/friends shareholders…total 2
TOTAL POSTER SHAREHOLDERS CONNECTED/RELATED OR FRIENDS....24
Well hoozy, your friend bar is probably not aware that he is really making a correct comment, but he is not thinking of the fact that dumping means different numbers to different people.
There is nothing wrong with dumping if you have bought 100,000 shares of this stock VERY RECENTLY and you decide to make your move when the stock reaches the point when you have made a 50% profit!!So you bought at 8 cents and you sell at 12 cents--you sell and you go your way. That is an action you might take if you want.
Most of us are not going to dump anything soon because we know that it would be stupid to sell at a big loss when we know that this stock is going to resume its rise as soon as confidence has been reestablished in the mind of shareholders that this company was and is a true enterprise.
Anyway, none of the 26 presently long term shareholders are going to make a single move on this stock either now in the next few weeks because they are patient and are willing to wait for the audited 2012 financials to be released at which time they will be rewarded for their patience.
FOURTH UPDATED LIST AS OF JANUARY 18, 2014:
alltheway:1 shareholder; 0 family/friends shareholders…total 1
novice: 2 shareholders; 3 family or friends shareholders…total 5
pack: 1 shareholder; 3 family or friends shareholder…total 4
red: 1 shareholder; 0 family or friends shareholders…total 1
dmg: 1 shareholder; 5 family/friends shareholders…total 6
hoozyrdadi: 1 shareholder; 0 family/friends shareholders…total 1
bs: 1 shareholder; 1 family/friends shareholders…total 2
redsky: 1 shareholder; 0 family/friends shareholders…total 1
stopshortH:1 shareholder; 0 family/friends shareholders…total 1
TOTAL SHAREHOLDERS CONNECTED/RELATED OR FRIENDS....22
P.S. When this company raised funds the last time there were 40 new UNIT HOLDERS that became new shareholders. I wonder how many of those are still left around--most of them probably liquidated their holdings a long time ago!!!!!!
FOURTH UPDATED LIST AS OF JANUARY 18, 2014:
alltheway:1 shareholder; 0 family/friends shareholders…total 1
novice: 2 shareholders; 3 family or friends shareholders…total 5
pack: 1 shareholder; ___ family or friends shareholder…total 1
red: 1 shareholder; 0 family or friends shareholders…total 1
dmg: 1 shareholder; 5 family/friends shareholders…total 6
hoozyrdadi: 1 shareholder; 0 family/friends shareholders…total 1
bs: 1 shareholder; 1 family/friends shareholders…total 2
redsky: 1 shareholder; 0 family/friends shareholders…total 1
stopshortH:1 shareholder; 0 family/friends shareholders…total 1
TOTAL SHAREHOLDERS CONNECTED/RELATED OR FRIENDS....19
THIRD UPDATED LIST AS OF JANUARY 17, 2014:
alltheway:1 shareholder; 0 family/friends shareholders…total 1
novice: 2 shareholders; 3 family or friends shareholders…total 5
pack: 1 shareholder; ___ family or friends shareholder
red: 1 shareholder; 0 family or friends shareholders…total 1
dmg: 1 shareholder; 5 family/friends shareholders…total 6
hoozyrdadi: 1 shareholder; 0 family/friends shareholders…total 1
bs: 1 shareholder; 1 family/friends shareholders…total 2
TOTAL SHAREHOLDERS CONNECTED/RELATED OR FRIENDS....16
Beware of shareholders who used to own one million shares of this stock and used to communicate with you, then they increase the amount and reach the 1.5 million shares at which time they might be required to file a certain SEC Schedule 13G form (maybe yeas, maybe no)and suddenly they just disappear!!! Just remember that right now it only takes less then $80,000 dollars to buy one million shares...LOL>>>>>>>that's probably what some of you paid to buy one hundred thousand shares a few years ago.....
CAN YOU IMMAGINE...$80,000 AND YO ARE A ONE MILLION SHARES HOLDER.....LOL<<<<<<<<<<<<<<<<<
SECOND UPDATED LIST AS OF JANUARY 17, 2014:
alltheway:1 shareholder; 0 family/friends shareholders…total 1
novice: 2 shareholders; 3 family or friends shareholders…total 5
pack: 1 shareholder; ___ family or friends shareholder
red: 1 shareholder; ___ family or friends shareholders
dmg: 1 shareholder; 5 family/friends shareholders…total 6
hoozyrdadi: 1 shareholder; 0 family/friends shareholders…total 1
bs: 1 shareholder; 1 family/friends shareholders…total 2
TOTAL SHAREHOLDERS CONNECTED/RELATED OR FRIENDS....15
P.S. When the financials are released we will look at the shareholders' number reported on the filings and we will determine the percentage that we represent, at which time we will make Wang aware of the existence of this group. This is just an idea to consider now which can be modified at a future date.
FIRST UPDATED LIST AS OF JANUARY 17, 2014:
alltheway:1 shareholder; 0 family/friends shareholders…total 1
novice: 1 shareholder; ___ family or friends shareholders
pack: 1 shareholder; ___ family or friends shareholder
red: 1 shareholder; ___ family or friends shareholders
dmg: 1 shareholder; 5 family/friends shareholders…total 6
hoozyrdadi: 1 shareholder; 0 family/friends shareholders…total 1
TOTAL SHAREHOLDERS CONNECTED/RELATED OR FRIENDS....8
HOPEFULLY MORE NAMES AND NUMBERS WILL BE ADDED AND EVENTUALLY WE WILL BE ABLE TO PROVIDE WANG WITH THIS INFORMATION TO MAKE HIM REALIZE HOW IMPORTANT THIS GROUP IS AND HOW RESPONSIBLE HE SHOULD BE IN HIS PERCEPTION OF THE AMERICAN SHAREHOLDERS WHO SUPPORT THIS COMPANY. IN ADDITION, THE ENLARGEMENT OF THIS LIST WILL PROMOTE THE RESPECT THAT WE SHOULD BE GIVEN IN EXPRESSING OUR DIFFERENT OPINIONS JUST AS IF WE WERE MEMBERS OF A FAMILY WERE EVERYONE HAS THE RIGHT TO PRESENT HIS/HER POINT OF VIEW WITHOUT CURTAILMENT.
Hey Red, I am suggesting effective immediately that each one of the permanent residents on this board should post on a regular basis some data that could be relevant in understanding how many shareholders there are who follow this board.
In order to achieve some statistical output I have devised the following...this will give us an idea of how much control we have over this company as we move on forward:
fcpgalltheway: 1 shareholder; 0 family or friends shareholders
novice: 1 shareholder; ___ family or friends shareholders
pack: 1 shareholder; ___ family or friends shareholder
red: 1 shareholder; ___ family or friends shareholders
dmg: 1 shareholder; ___ family or friends shareholders
other posters can add their names and keep track
as other shareholders are added or deleted the numbers can be revised
Well, let's complete the first list just to see how many shareholders we control from this board........
Hey pack, just to let you know that when people get too big for their shoes they use every excuse to drop out of sight and limit their contact with outside sources. We are going to learn very little about the ongoing activities of this company until the information is made ready for the presentation to all shareholders, on maybe on a board like this which is open to "every cat and dog"...LOL<<<<<<<<<.
I can assure you that my private sources in Kunming have already informed me that Wang is going to go out of his way this year to celebrate the Chinese new year in the company offices in a big way--there will be plenty of food and drinks to make those girls who answer the phones go a little wacky but of course we having nothing to worry because good old Ms. Gong who is charge of those girls knows how to handle the those who get a little loose in their behavior. All that fermented apple cider has a way of making some of those office workers a little dizzy!!!!
Nothing to worry though, because this company has a good team of drivers who can handle any kind of city traffic and make deliveries of medicines to any hospital or clinic within specified time.
Looks like we are going to have many boring days from now on, until the Marcum people finish their work and give the OK for the financials to be released!!!
In the meantime whoever wants to accumulate more shares will be able to sneak in some buy orders at below 7 cents...LOL>>>>>>
Realistically speaking, now that we are already in 2014 it's too late to take any losses to be claimed for the previous year. Those who are holding shares bought a high prices might as well hold on to them and wait for the miracle to take place in a few months from now. WE REALLY HAVE NO IDEA WHAT POSITIVE ACTIONS ARE BEING TAKEN BY WANG AT THIS TIME, OR ARE PLANNED TO TAKE PLACE WHEN MARCUM COMPLETES THE AUDITING PROCESS!!!! I am sure he is not going to waste time to implement PLAN TWO which has been kept secret all these months...that is the plan that I suggested to him many months ago...TO GO AND GET NEEDED FUNDING FROM A PARTICULAR COMPANY/INDIVIDUAL...those certified financials will be a goldmine when Wang sends his designated shopper to go and look for money...LOL<<<<<<<<<<<<<<<<<<<<<
Well ssh, there is nothing for you or me to do--let the Marcum people work their butt off to earn any money that they make!!!
My assumption would be that when they start preparing the 2012 first quarter 10Q they would have to compare certain information to 2011, and it would be their responsibility to read every single page of the 2011 filings--let them figure out the best solution to anything that is not too clear!!
If Marcum does a great job with the 2012 financials we will all be happy in knowing that from now on we have nothing to worry.
Bar, as an intelligent person I think you should stop concentrating on the information that you are presenting which DOES NOT APPLY TO FIRST CHINA.
I have looked again at the earliest data when Moore is mentioned in 2008 and that applies to the former SHELL COMPANY known as:
E-Dispatch, Inc. (A Development Stage Company) as of March 31, 2008
The next event takes place when:
On October 18, 2009 (the "Dismissal Date"), the Board of Directors of
E-Dispatch, Inc. (the "Registrant") dismissed Seale and Beers, CPAs ("Seale"),
its independent registered public accounting firm whom it had previously engaged
on August 7, 2009, but which firm has not provided any services to date.
There is no further mention of Moore from that date on.
Going further forward in time the same E-Dispatch files some other report in February 2010
In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the Registrant caused this Report to be signed on its behalf by the undersigned,
thereunto duly authorized.
E-DISPATCH INC.
By: /s/ Roderick Macutay
---------------------------------------------------
Roderick Macutay, President, Treasurer and Director
Principal Executive and Financial Officer
Date February 12, 2010
It is meaningless for me to continue to explain to you that E-Dispatch was just a shell company that never did any business. During that time of Reverse Mergers, First China acquired the empty shell and set up the company as it is now and as I have mentioned already their first auditors was Parker. First China has no connection whatsoever in selecting or using Moore as an auditor at any time since its incorporation--they always dealt with Parker which is located in China.
Hey ssh, no need to keep anything secret on this board--if you have discovered some relevant information that we "old timers" have missed please be specific. I love to provide explanations to any subject matter about this company! Just put your information on the board and I will try to provide the correct answer...
Pack holds the record--first poster on this board (post #62), and then on his second post he is telling everyone that this company is not the same one mentioned in the preceding 60 posts. AS for the Parker accounting firm in China, I am sure they do a great job for Chinese companies whose stock is traded in China and they simply had a tough time figuring out what the SEC wanted when it came to this new breed of companies located in China but with their shares traded in the USA! Even Rottenberg couldn't figure out what to do. One more thing, it's useless for someone to bring to our attention information that is well known by just about all active posters here--and as far as anyone who drops in here for the first time, please just read all 11 thousand posts on this board and the answer to any question will be found.
By the way, if any of you wants to test this theory, just go back into the Apple board at the very beginning when some posters were bickering about the stock selling at 15 dollars and what was going to happen next...LOL^^^^^^^^^
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55696102
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55704387
Well novice, I had a feeling that Bar was talking about the old shell company that had no income, no business, no sales and it had just been set up by those Philipinos hoping that one day it might make them rich. That was just a shell that eventually made Tina and Roderick rich when the empty shell was sold and organized as a real company in a reverse merger that became First China. First China always utilized the Parker auditors located in China and was never associated with the person referred to on the previous post. So, please let's not bring up the same unrelated connection that has nothing to do with the present company.
By the way, for those who want to look at something curious just go back into this board and look at the first dozen posts. If you want to make another case you can accuse First China of having stolen the trading symbol FCPG from some other company that was previously occupying this board and which suddenly was replaced by First China. What happened...here is a clue how First China got its FCPG...this board remained dormant for 3 years until it was occupied by a new tenant. Pack was one of the first to post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23592599
$2.84
Everyone is waiting for the release of those financials for 2013.
No matter what, one thing is certain--this company has plenty of cash in different formats. Of course, there are also plenty of shares outstanding which dilute the book value, but that is another story.
Many months ago we were speculating why this company had failed to release each quarterly report of 2012; than a few months ago we found out that Rottenberg was basically the one with the shortcomings and its failure to do the job right; than the bickering took place when this company put its foot down and told Rottenberg that the fault was theirs and not at First China; Rottenberg made things worse when they started abandoning all the ships that they were servicing in China; every company who was using their services had to scramble and find a replacement; thanks to some good suggestions by people from this side of the world the Marcum name was selected as the best choice to perform the auditing of everything that Rottenberg had left behind; the process is now at some stage where soon the financials will be completed and made ready for submission to the SEC...that day will be the beginning of a new era for this company.
I cannot stop stressing how important it will be when everyone of authority connected with this company will be able to present a set of 2 years of certified financials to lending institutions and private organizations and apply for a long term loan into the millions of US dollars.
Those who have already accumulated shares will be waiting for some explosive action to take place when the big financing is completed. Those who are debating what to do right now--well they just have to take the same risk that most of us have taken over all these months, except that their risk is minimal compared to what has happened to most of us. I approve this message in my not so humble opinion!!!!
Hey sanbruno, nice move for you to visit this board at this appropriate time when the tides are ready to change for the benefit of those who decide to own this stock.
Along the same line, I am providing you with a link that you might not know where you get daily updates of events that affect silver coins in particular and on occasions people who will try to take the silver and gold from you...LOL.....I hope you like this site.
http://www.coinflation.com/
I just finished watching the video myself and could not leave this board without feeling more confident than ever that everything is under control. At the end of the video that was Ms. Gong providing some final remarks and as we all know, in China the women are powerful in running certain ends of the business and this particular case Ms. Gong (Mrs. Wang) has a handful in taking care of all those women employees that must follow very important rules of conduct in presenting themselves as representatives of this company.
For those who are not familiar with this video, I believe it is now time that they viewed it for the first time or again to gain an insight about this company.First China had about 90 employees when this video was made, therefore keep an eye on the number of employees mentioned on the 2012 10K when it comes out, and in particular on any press release that accompanies the 10K which might mention the employees as of the end of 2013. Remember that more business implies more van drivers who deliver orders to hospitals and clinics all over Kunming--which has a population of 6 millions. Same day deliveries are very crucial in this line of business!!!
http://www.firstchinapharma.com/
Hey dmg, here we are waiting for the release of financials for the year 2012 and there is an even bigger story that has to be told concerning the way that First China handled all those 2013 loans that had to be repaid! You hit it right on the nose--if those 2013 loans had not been extended or renewed there would not even be a company right now. The fact that First China is still in business and moving forward should give some doubters an inkling that this is a real company with a real business and it has just been stalled in this situation by the Rottenberg boys who simply failed to provide proper and timely workmanship.
All that I keep saying now is that as soon as the people at First China get a hold of the filed 2012 financial statements they can approach all the banks in Kunming, in Hong Kong and other lenders and will be able to get funding without much delay!!!
Hey dmg, here we are waiting for the release of financials for the year 2012 and there is an even bigger story that has to be told concerning the way that First China handled all those 2013 loans that had to be repaid! You hit it right on the nose--if those 2013 loans had not been extended or renewed there would not even be a company right now. The fact that First China is still in business and moving forward should give some doubters an inkling that this is a real company with a real business and it has just been stalled in this situation by the Rottenberg boys who simply failed to provide proper and timely workmanship.
All that I keep saying now is that as soon as the people at First China get a hold of the filed 2012 financial statements they can approach all the banks in Kunming, in Hong Kong and other lenders and will be able to get funding without much delay!!!
Hey novice, it looks like all your efforts (and your buddies) are going to end up in failure--all those thousands of shares you have bought at 15 cents, 10 cents and now at 7 cents are leading to your demise!!! Predicting a destructive future ahead of time makes life not worth living!!What is the purpose of continuing when you know that the worst is yet to come. Is there any hope for us who are still believers??????
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95838638
Hey hoozy, so much time has passed since we last saw a normal press release that right now we really have no idea what the next press release will say. One thing is certain, and that is the projected approximate sales for 2012 which has been mentioned on this board many times. Also, we all know that right now the company is till looking for additional funding to expand the business. We also know that Tse or anyone else from this company cannot approach any lender to get financing until the 2012 financials have been filed.
I certainly hope at this time that the Press Release that is issued with the financials will be strong enough to move this stock higher very fast. This is the time to accumulate if you believe that when the financials are released this stock will move up to at least 15 cents, and possibly more.
Hey hoozy, concentrate on the present--if you still like this stock just keep buying more shares every single day and accumulate as many shares as you can afford. Your day will come when suddenly you have to decide if you want to take a small profit or if you want to ride with the trend.
Just remember that Marcum has to review 4 financials for 2012 before anything gets published--they are not going to release information piecemeal for just 2 quarters just to impress somebody. Expect reasonable delay until all the 2012 financials are ready at the same time.
Actually, this is the best time to continue accumulating shares at these very low prices. If you are a little squeamish about paying 8 cents per share just place a lower bid for a lot of shares and you might get lucky and have your order filled by pure chance!!!!
Hey Hoozy, don't rush the release of the financials...time is on your side...this is the time when wise men accumulate shares at the lowest possible price!!! Some people are trying their best to get to the one million shares mark before any news gets published...also remember that a perfect opinion from the auditors is what the SEC needs, and that also applies to what financial institutions are looking for to provide new funding.
Remember that right now, in my opinion, there are no shareholders on this board that have a paper profit for this stock--there are big losses, medium losses, small losses and some break even positions, therefore everyone is waiting for the big event which is going to take place as soon as the Marcum people have finished their work for the entire 2012 fiscal year.