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,,,wow ,,,that is a stunning number !!!! 25 million revenue forcast coming from just one region of CTGLF business model out of 7 regions,, the southern delta region of china, (Guangzhou) , that regional office is in Shenzen ,,,
,,,CTGLF has been a public company just barely a year now,,,the financials that are due any hour now,,,will be the first time anyone gets a look at real numbers and operating results since its reorganization numbers,,, "IF" there are institutions interested in this company and or "large players" ready to commit money,,,those financials of course are a must for their DD files,,, and they will be the short term catalyst if any, to move pps to higher levels,,,,
,,,the other driver or catalyst should be obvious by now,,,,who is buying the stock day after day after day , week after week for the last 6 months ( some of us for sure for small amounts but miniscule compared to the selling,,,) ? ? ? regardless of who it is ,, the day will come when the float drives the pps,,,
and that is the long term strategy of the company to qualify for AMEX by share price,,,,
,,,re; rumors of insider selling
,,,oilbaron ,,,you make your request public here on the board
and i will give you my response,,,,
,,,its equal opportunity for all,,,,,same disclosure for everyone,,,,its called and equal playing field,,,,,
,,,note of caution,,,,
,,,as i read many of your posts,,,my feeling is twofold,,,your expectations are as demanding as your youth and inexperience with venture capital reorganizations,, which is what CTGLF is in the equivalant american home grown,,,,,
,,,you all are waiting breathlessly for the release of the financials,,thinking that it will be the driver and or catalyst to catapult you all to riches,,,,,for you flippers a double is a windfall profit when the greater market cannot outperform this kind of a trade,,,,nevertheless, the matrix for the financials is already known,,,,and Fan will deliver an upside to the guidance of his news releases and comments,,,,,and that is all,,,
,,the financials will not be the driver that excites this stock into your dream world of expectations,,,,,,,,,nor the much talked about listing to AMEX,,,,,,,,,(even tho anything is better than the otc.bb) UGH!!!! witness the lousy way MM`s handle this stock,,,,,(they need to prosecute some of these boys like the specialists they nabbed on our headline news on floor of the NYSE)
,,,back to business > what is the driver that will catapult this stock into $$$$ which qualifies for an AMEX listing ?,,, the clues have been left by Fan every time he opens his mouth and or prints a news release,,,,,,
,,,Indydude,,,,,whenever a company issues new stock out of its authorized stock in its treasury,,,,it is always 144 stock,,and it takes a registration statement to make it free trading stock,,,,,,,
,,,the stock held by Fan and his proxies are neccesary to be registered and filed with the SEC along with registration statements ,,,,you would know about any insider sales,,,,,,,
ah,,,,an alternate view,,,,it reads good in print, but your interpretation is wrong headed,,
,,,First, to begin with the private placement holders received 144 stock( has a large ink stamp across the face "not for resale"),,,,duh,,,,,,for at least 2 years,,,,,,they are stuck any way you cut the cheese without a " writ of mandamus " from a court with jurisdiction ( for you legal beagles )
,,,2nd, the 13 million just issued is not CTGLF stock,,,,,
,,,,,,if it walks like a duck and quacks like a duck,,,,it is the
the short crowd,,, damn duck can`t get no respect,,,,LOL
,,,i would be interested in a plausible theory other than the short crowd on this stock,,,
,,,let me repeat the ambiguous,,,wireless modem cards will be the exclusive monopoly of Dichain as time elaspes,,,,, and we have seen how Fan acquires his competitors,( with his holding company for cash) , then consolidates, integrates and then targets them for vertical integration into CTGLF ,,,,, you got to love it,if your a venture capitalist,,,(reminder the private placement holders of the reorganization are in for almost 7 million bucks at .20 and .40 cents),,,,,,hurrah for shareholders under those numbers,,,,,
,,,,"the china blog" today has insight for china hands,,,,piper jaffery is hot for WAP companies connected to China Mobile,(CHL),,the most significant wireless player in China,,,,pay attention folks, Fan has a significant contract (exclusive and patented ) to supply all wireless modems to China Mobile , Fan`s holding company holds the contract,,,,,,
,,,by combining the information above with the current piper jaffery research,,,,,so they missed the most important player,,,,this will change soon !!!!!!,,,one continues too see how Fan is using his monopolistic format to launch this fledging company into to the limelight ,,,,,,,,http://www.chinastockblog.com/2005/04/piper_jaffray_o.html
,,,have no idea how long these dime and quarter prices are going to last,,,,but you can not own to much of CTGLF,,,this story has star power when it hits critical mass,,,,,,,,,skip the laundry and by another quarters worth,,,,,
,,,,Posters this filing has nothing to do with issuing additional common stock of CTGLF,,,,this transaction is between a subsiderary of the Asia holding, and Asia holding itself also called dichain asia which owns the controlling interest of CTGLF,,,,,because their are overlapping interests involved with CTGLF, as a director (and group) Fan with beneficial interests in all the companies must have this stuff disclosed to everyone under the new sarbanes-oxley rules,,,,,
,,, regarding CTGLF and the website American Bulls,,,,anyone who trades based on the signals of this website does not belong in this business,,,,
,,,that website does disgrace to candlestick trading,,,,as it is a black box set with absolutes,,,and therefore gives off bad signals,,,,
,,,for example their was no sell signal on this site when CTGLF dropped to .08 cents intraday,,,,,why would it give a signal now when the stock is still in same trading range,,,,,,,,
,,,beware of "black boxes" software programs do not work !!! for traders,,,,,
,,,some black boxes work for institutions,,,however the criteria is different,,,,,,traders are not institutions,,,,,,,
,,,,new names showing up to post,,,,,i like that,,,they may be tiny players,,but the story spreads,,,,,,,,,
oilbaron
,,,the stock over the last 6 months has given traders double their money or more>> 3 times !!! thats more than once every quarter,,,you find that a problem ?
,,,i suggest you re-evaluate what your doing, at worst it is a terrific trading vehicle,,, maybe trading oil works better for your expectations
,,,if you are an investor, you trim and add around your core position, on a timely basis you get your "vig" while this company`s story spreads to critical mass,,,,
,,,,the purchase of shares by Fan is a "tell",,,,,he plans on giving us an upside surprise,,,,,,soon !!!!!
,,,indeed we all tip our hats too you (Doubloom) for your insight and creative website,,,,and your reputation will grow if you figure out how to keep this site linked on the first page of Google > CTGLF
,,,lets review the big picture on CTGLF,,,its Mother the China Merchant Group is the largest port operator in China,,,owns the number #1 Bank in China,,,,,and is shaping DiChain to be the IT Brand of China,,,,,thats a monopoly folks in China,,,,,orchestrated by the cadres of China Merchant Group!!!,,,now over 30 Billion in size,,,,,,(nice to have rich parents to shepard the cost thru the datapoints),,,,,and the most prolific datapoint unknown in most research data,,,,the chairman of CMG is the ex-president of "CITIC" the first and most powerful free and profitable enterprise firm to be form by the top cadres of the COMMUNIST PARTY OF CHINA,,,,
,,,,today`s news release is a "tell" for how "monopolies" work in China,,,,#1st-and primary reason to own this stock,,,(monopolies are a rare breed with historical windfall profits)
CMG steers the contract between sister company to brother company for quick 6 1/2 million,,,,fills up a slack quarter with upside surprise,,( logistic payments are mostly due in 4th quarter ie, a heavy revenue quarter )
,,, in addition the reference to Amex ,,,,
,,,we know that LOEB and LOEB the Park Avenue lawyers are specialists in AMEX listings,,,,,( i think its a red herring and they will be relisted on Nasdaq through a loophole in the discreationary requirements of nasdaq hearing committee that kicked them off in the first place for lack of corporate governance under sarbanes-oxley compliance rules,,,,)
,,,their has to be a strategy in place to force the share price into the stratosphere,,,duhh,,,,,,,,there is >>>squeeeze the float,,(every dollar spent by company proxies buying in the float at these prices, is every and any venture capitalist`s prime investment opportunity,,,,,ie: risk/reward over 20/1 ,,,,,that is a VC`s expectation,,,VC capital is the smartest money on the planet,,,,not trader positions or investor expectations,,,,,the current price of CTGLF is beyond the standard deviation for even this high beta stock,,,,,,cheapo man@any price under a $$$$ this is the kind of stock that makes people rich who subscribe to the story at this price!!!!
,,,a note of significance,,,,for the month of March the total volume has now exceeded 10 million shares,,,which means 5 million shares roughly, has left old hands into new hands,,,,and this has been aggregating for many many weeks now,,,,that is the reason for the awesome CMF for over 6 months ,,,,,there is less than a 35 million share float total,,,,and my view is less than 5 percent float exists now in real terms,,,,
,,,`nlightn`,,,,,TA has limited use when you have the kind of interdiction that the shorts represent,,,,the CHK and Accumultion line dropped yesterday as result of a certain amount of shareholder panic,,,,remember we have barely 2 dozen posters in this room no sellers ,,,,,the shareholder list has more than a thousand names as of last meeting,,,,,,untill yesterday very little to none shareholder selling,,,,,,,,,,,,,,,,
,,,my sense is we have seen the mystery of the market unfold with that .08 long term low and that is the bottom ,,, these charts have an uncanny way of synmetry( low of 3 years ),,who would guess that the MM would give up the longs for the shorts and break support at the last level,,,,, i still expect another blast from the shorts,,that is not over yet,,,,but if history repeats itself who knows we may see .29 tomorrow,,,,,,and another showdown between the shorts and company proxies at higher prices,,
,,,,well beigledog,,,,,the first thing you must understand is that under sarbanes-oxley it is illegal to sell insider stock, either the company`s or directors,in the last 3 weeks of the quarter,,it is deemed insider trading,,,,,,,once you absorb that ,,,you can appreciate all the more the visciousness of this type of short selling,,,,,,,
,,,yes of course there are firms that allow short selling,,,just not the ones you are familiar with,,,,,,mostly overseas accounts
,,,after a time to digest yesterday and view todays events,,,,,,i sense the following > the short crowd had not been able to do any short "covering" for weeks now,,,they are not smart enough to read chinese , ie; they were not spooked by todays press release ( which was created after the volume spike, not prepared prior too and leaked ) ,,,they indeed covered a lot of stock yesterday in the melee of all the action,,,,,however they are not out yet !!! they certainly have a lot more profit in their accounts now,,,and i would be so pleased to see them burned just once before they dissappear to prey on others,,,,,,,,either way the sooner they go the better we all will be,,,,,,$$$$
,,,Financials will be good,,,,one thing that "FAN" is terrific at,,, is crunching numbers,,, we should expect an upside surprise, in one of the two releases if not both,,,,,
possibility # 4,,,,,a not so clever guise to cover short positions, buying large blocks and selling small ones to keep the bid off balance,,,,,,,
,,,Stogi/Doug,,,you both probably know how furious i am about the MM (and or company) letting the shorts out of their trap,,, nevertheless it will take weeks to cover their short interest at this rate of volume,,,made no sense to me to contain them for so long and then give them daylight,,,,,
,,,However it begins to make some sense when taken in context of relisting and the management view of simply soaking up the float till dry,,,and let that dynamic take the stock up,,,,,It is certainly cheaper than the various ways I have suggested to them,,,and it takes longer >(and they dance to their own drumbeat not our instant gratification) ,,,,no matter how much money they have ,,,they are still tight with it,,,,a tradition of thousands of years merchant trading,,,,so we continue to watch them soak up the float and traders get another crack at cheap stock,,,,,,,,the price is so silly it is joke !!!!!
,,,i doubt anyone on this board will argue over it being one of the best china opportunities listed on our exchanges,,,,,
,,,i also want to call attention to an issue every company particularly the small ones have to deal with , ie: sarbanes-oxley ,,,"no sheep" for example is so positive that ctglf financials will be ready and published on time,,,MAYBE,,,we all hope so,,,however it was failure to address sarbane-oxley rules of audit that got this company delisted in the first place,,not issues over money ,,,,indeed the company now has their corportate governance issues in compliance,,,,,and the sec is allowing smaller companies and extra 45 days for compliance ( under 75 million ) ,,,,we could see the chinese take their time under that rule,,,,below is a link about the new costs (very heavy for many companies) and difficulties of complying with sarbanes-oxley,,,
http://www.thestreet.com/stocks/troywolverton/10214186.html
the short crowd are sure having a lot of fun beating the pulp out of this stock,,,,,
,,,For many of you China info is important ,,,CTGLF has links on The China Blog, with links to google,,,,,
,,,The faster CTGLF reaches critical mass ,,,,the fatter your bank accounts get!!!!!
http://www.chinastockblog.com/
,,,I suggest you write the editor with your views of CTGLF !!!
,,, thank you,,,,let me post one more note on this shorting issue,,,,this is a hedge fund,,,it is not retail dissent,,,
,,,these guys are large ,,,,well capitalized,,,and their resolve is not to be under estimated,( much more discipline than the normal otcbb flipper),,,,they stand to lose if forced to cover at higher prices staggering amounts $$$$$$
,,,the obvious edge the longs have today,,,is the Market Maker for now is on our side of the book,,,,,,,,,,
Now a little about Market Makers,,,
>>>The only Market Maker that sees both sides of the book is the sponsoring MM,,, in the case of CTGLF it is NITE,,,,,
>>>Nite is the only MM who has the edge on the shorts,,,,
>>> When and IF , NITE decides to run the stock,, they do not want to see a lot of stock from "flippers" or short term traders which is the norm of otc bb players ,,called weak hands by some, others call them the bottom of the food chain ) on the way up ,,,consequently they do their best to take out stops and shake the tree of any weak hands and nervous players,,,
> we were witness to some shake out today,,,,,,,,
,,,,,,,some hedge funds focus only on shorts,,,they have screens looking for special criteria,,,,in this instance CTGLF was delisted from Nasdaq because of a flaw in their REORGANIZATION papers filed to the SEC,,,after a hearing they were denied relisting because they had made no effort to comply with sarbanes-oxley new rules of compliance as basicly a totally new company ,,,,,the delisting on to otcbb came up on the screens of this hedge fund and it became obvious to them it was easy prey , ( plenty of stock oustanding and a previous track record of dubious integrity as a paper company ) ,,, it was and easy short for them and they were successful in taking it to the lows you see on chart,,,,in the meantime the chinese had been busy putting their corporate goverance in place ( money never was the problem, however in most cases short funds prey on companies with money problems ) and they paid no attention to the fundamentals as the chinese had a news blackout during the period they were waiting for hearings with the Nasdaq officials,,,,,they have been able to take profits on many occasions and very easy to manipulate the price,,,however they tried it one too many times,,,,now they are trapped as the company attracted to many players too fast , at the same time it became obvious to the MM and the company that indeed they had a short fund on its stock,,,,ie,,, friends of the company management have been buying in the short stock for months now,,,,if they had not the shorts would have cascaded this stock to a nickel,,,,,,,their short postion is not monitored or published , except by players who have watched this actions for months,,,,,,,the outstanding short interest and accumulation by interested parties is manifested by the chaiken money flow and accumulation trend,,,,,,,,and its massive for a small stock like this,,,,,,, the bottom line >>> THE BEST IS YET TO COME,,
Whats important about todays action ?
Shorts fired everything they could today trying to cascade the stock,,,,,and failed,,,,,,someone mentioned yesterday that the story is not selling,,,that is just plain wrong headed , maybe not spreading as fast as his expectations ,,,,, my point is you can disregard the story for the time being,,,just pay attention to the chart for the short to intermediate time frames,,,,,,,
,,,Doug , ,BTW yesterdays action was no different to my eyes than we have seen for weeks now,,,,ie, there was no reason for MM to drop price in stock,,,,did i miss something,,,,unlike yourself ,(glad to see you got some cheap stock tho),,, i find no way to root for these vicious vigilantes,,, cannot wait to watch their antics to cover positions and their current short postion seems overwhelming at we speak today,,,,,,
,,,good on you my friend,,,,metro reads our stuff,,posts under different alias most of time,,,,,
,,, his latest reminder is this company makes profits,,,guidance is .03 and .07 in future,,,,this is assumes no upside surprise,,,,
,,, no need to remind players that tons of companies do not make profits,,,,regardless the size of revenues,,,,,,
,,, a more recent one is to remind players the most traders in this stock are tiny players,,,if nothing happens in couple days they move on,,,,,,,however larger players are waiting for financials for DD files,,,,,,,
I have not seen a shorting war this vicious in many, many years on a small stock like this,,, the methodolgy of chopping their heads off and what tactic the MM has decided on seems to be developing,,, that is to let them short till their is no stock in the box to short !!!
A lot conjecture about the future share price which is great for passing the time,,,,,nevertheless none of it means much unless you understand how long it will take for short covering and how many million shares the vigilantes are short,,,,
You all have a massive surprise in store for you,,,,,,,
The charts do not lie,,,,,
The shorting is very aggressive today,,,may be a "tell" of the coming days,,,,
,,,CTGLF trivia pursuit,,,,,,,,it was 1 year ago today that DFCT hit $1.87 and traded 40 Million shares,,,,,,
,,, The CTGLF chart is a thing of beauty,,,,
;;; You can call it the Big Dipper,,,,with the Small Dipper in
the handle,,,,,
... In an arcane discipline not important, it translates to a
stock with STAR POWER,,,,,
,,,it is a very very long story,,,,if it is important to you ,,
,,,READ all the SEC filings,,,,,
,,, congrats to all on this board,,,,,,,great looking board, great posts,,, makes it a pleasure to visit,,,,,,,good work Doubloom !!!!
,,,Doug , , what is getting interesting now , is how this will play out in days ahead,,,,,a heads from a old friend suggests something you have mentioned another post,,,apparently Fan has won over some big guns, (,,,ostensibly watching/waiting for updated Financials ( of course they need them in DD file ), so we have a convergence soon to unfold,,,,, my guess , just a guess,,,is the game is over for the shorts and the MM`s will continue to tighten the rope,,, force the stock thru the 200 day,,,,and if so i expect some of the fund firepower to begin accumulating early,,,,they are only like us and see whats about to happen,,,,i gotta beleive they will jump the gun ,,,,,,and of course we have , what i approximate to be in excess of 5 Million share short ( the chart suggest more however we do have a volatile "cocktail" brewing here ,