is dough makin!!!
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.70c is in the event of a reverse split.
Of course not but I put all my hopes to the performance of this company, and the stock!
Double bottoms, right? In a highly volatile sub penny situation it is most likely we'll be trading 0.1 soon! + buyout and here we go at 3.9c, not that bad a bounce!
Investopedia http://www.investopedia.com/terms/a/authorizedstock.asp says:
This number can be changed only by a vote of all the shareholders. Management will typically keep the number of authorized shares higher than those actually issued. This allows the company to sell more shares if it needs to raise additional funds.
How low do you want to go, to exceed A/S??
Also can you please bring it here since I'm not that skillful with VERT and VFIN market makers?
snow,
everything matters, a buyout, a wend in with a meat processing company and share worth 3.9c. Still we are volatile but we can pop up at any moment and cannot go deeper since O/S cannot be increased more.
The new IR service will continue issuing PRs and filings and as for the volume of yesterday I think we might have a big buyer at sub-pennies.
225M of shares for the private placement should not affect pps for some time as it was stated in a PR, correct?
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How come you'll only talk to 2future4u from the IHUB board?
Why did you hang up on Garde54?
So your implying only 2 people dared pick up the phone, me who got the answers and some poster who might have been hung up upon since it might be a VOIP phone used temporarily?
For other inquiries i think you'll need to dial that number, I don't expect someone to do the work instead of me and base my opinion on some other user's post. Not even a wonder why everyone suggests you do so.
If you want to prove that wrong, why don't you just call them, ask whatever you want tell them EXACTLY what you post here and bring it to the board. Just claiming their being liars is not something.
Well by the looks of it, one would say it is a brand new office/store, they left a tel number so that anyone who needs an update can give them a call. Imagine their saying like they don't have an office it's just a site, it would do no good (speaking of psychology and ordinary people's perceiving).
They are currently building their web site.
Don't trust me, call that number, noone will bite you and then bring it to the board.
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It's not just a home business. These people are in business for 20 years, the store is being built, why does it matter where they are at the moment?
Why are you calling these people liars and claim only their beig liars?!? What have you done to prove them wrong, did you make a phone call? Do you REALLY think someone who brought China deals would be SO stupid not to change tel number if they wanted to deceive someone?? OMG what a BS, the office is in transition.
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Sure I'll Google/Alta Vista/yahoo it out, but as far as I can see we have the similar situation to that "new" IR service. You can't find a link, noone answers the phone and so forth. I believe, speaking of a marketing agency, it is a subsidiary of some bigger company in China which just settled an agreement with them. IMO. I also believe we could find that "mother company's name" in some forthcoming Prs.
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No LOL, not yet, besides I find it interesting that some poster here posted a complete retail/wholesale stores list, I've never been in China, but judging to that I might came across some without knowing it's under GLCC umbrella. Have you?
I fail to see the importance of that release. I'm tired of going through a couple of hundreds posts related to an IR service. Besides I would like to comment on this:
Good Life China (PINKSHEETS: GLCC): After the close the company announced that it has reached a marketing agreement with Zhuang International Small Fair Company. Zhuang International operates small fairs and the largest modern small ware wholesale market in North China. It covers the area of 80,000 square meters.
IMO the GLCC lacks a good marketing campaign, they need to be aggressively promoted in China due to their successful growth. An aggressive marketing scheme investment and business plan related to it might expand revenues, if it doesn't multiply it.
I'm also curious to hear from the new IR soon. IMO the co set up the address to be a PO box or something just to avoid taking crank phone calls. I believe the management and the people who work there have already set up an office somewhere with answering machines, faxes...
I respectfully disagree.
I was advised by some posters to look up for Bill Paneta's website and did some technical analysis, the charts are looking promising. I know very well one must not just lean on charts that's why I did some DD these days by going through the complete archive of GLCC available. Yet that sudden leap of pps is a result of bid/ask tension, but what I really want to celebrate is an August buyback and course set to north. That would be a really good play in Q3.
There must be some sort of transition, neither will they run down the website at once nor will GLCC pack their briefcases and leaves just like that.
You can't just switch between the services overnight, a shift is pending.
It might also be that Emerald Capital Group, Good Life China and Monarc are being IRed by another service.
correct, they should be up to, right?
sorry, do I speak German? I said the price moved a bit UP LOL, at least it's some positive sign. Were you these days here when we had 250k volume a day? Sleepy July or calm before the storm? Hopefully.
I'll drink to that, let's say somewhere between 0.2 and 0.6 for the beginning, that is the least value of co's performance.
Volume increased 2,738,985 a positive move during last couple of days, and the price has moved a bit too
It might be some sort of a brand new IR firm, building a web site and a domain name is not that expensive.
It is in the business portal: http://www.hotfrog.com/Companies/Bayley-Associates
I tried to google the telephone number and came across this link:
http://www.hotfrog.com/Companies/Bayley-Associates
It is true, they switched to another IR company. But either way I would like to see some real performance of the stock regardless of IR.
Good Life China (GLCC) Completes Agreement With China's Largest Small Ware
BEIJING, July 30, 2008 /PRNewswire-FirstCall via COMTEX/ -- www.goodlifechina.com Pink Sheets GLCC - The company is pleased to announce that it has reached a marketing agreement with Zhuang International Small Fair Company. Good Life will be offering a variety of services and products through this business arrangement including outsourcing its IT services. The company will make further announcements on this shortly.
Zheng International operates small fairs and the largest modern small ware wholesale market in North China. It covers the area of 80,000 square meters. The total building area is 200,000 square meters with two walking streets. The general investment is RMB 560,000,000, with 5,000 business stands, covering more than 17 formats like clothing, handicraft articles, sporting goods and similar.
In other corporate updates, GLCC has appointed a new investor relations company, Bayley Associates, in Nevada, USA.
The common shares of the issuer are currently dually listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange (Xe:L9X). The issuer is in good standings with Pink Sheets and ranked as a "Current Information" filer with its security.
CONTACT corporate@goodlifechina.com 1-702-508-4172
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT: corporate@goodlifechina.com, (702) 508-4172
SOURCE Good Life China Corporation
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That's why some posters were implying GLCC/Haorizi is not that familiar to Chinese, simply because they needn't mention each store was under GLCC umbrella. Your post speaks in that favor, good DD indeed.
It's high time they got rid of ps.com, besides no paint downs it also creates a psychological effect upon being traded on such markets. It's just a simple progress they have been considering for the last 8 months. Besides, what are all these revenues for, we're craving to see some real performance here.
Besides, IMO it is also certain that they enter the agreement with Asia index mutual fund which could also meet certain requirements in order to list on NASDAQ/AMEX etc. IMO various corporate actions are being entertained lets hope August welcomes us with some audited financials and filings.
What if they receive an approval to reverse merge with WMNT already trading on OTCBB? By the looks of the filing http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=16186 it is almost certain that they will switch to OTCBB.
It is July 29, 2008 and the OS is over 395,000,000.
This number can only be far less than stated in a not-up-to-date filing. Where do you want O/S to go? Beyond A/S? Are you implying that R/S has occurred? Not in this very moment and not in any shape or form and no further.
Anyway thanx for the PM sir.
I'm speaking of what I've read in a PR:
Good Life China Corporation (GLCC) Seeks A Merger With OTCBB Issuer
Jul 16, 2008
Pink OTC Markets News Service
Beijing, China — Good Life China Corporation www.goodlifechina.com (Pink Sheets: GLCC) completed a series of filings on Pink Sheets. The identified target merger OTCBB company is Westmont Resources, Inc Symbol: WMNT.
The issuer believes that by up listing and beginning trading on the OTCBB exchange, it will be the first step towards many in preserving and increasing its share price values. The issuer has also made a series of other filings on Pink Sheets where amongst other things, the issuer is also seeking State permission from the China government to sell part or all of its assets to a USA based issuer; trading on the Xetra Exchange and or merge with a substantially larger China based company (meat processing plant) to name a few. The complete set of filings can be located on Pink Sheets symbol GLCC.
Mr.Yang the company spokesperson said "We want to use this opportunity to address our shareholders and followers on the filings which seem to have caused a bit of misunderstanding. The issuer affirms its intent to remain as transparent as possible, to allow its followers to understand its intent ahead of the actual event. According to Chinese security laws, the issuer must seek State approval which approval is usually not unreasonably withheld. In addition the issuer's majority shareholders include State owned bonds and debenture holders. We wish to address our shareholders, and followers and advise them that although on the surface the filings may appear to contradict one another, the key point to remember is that the issuer is seeking either or releifs, and NOT both.
For example, the issuer is seeking to merge with an OTCBB issuer and also seeking to sell its assets to a USA based issuer trading on Xetra. The issuer feels that the language "The company intends to simultaneously apply for one or all of these provisions" in its filings on Pink Sheets was sufficient and self explanatory. We now know otherwise.
The issuer regrets any confusion this may have caused however it feels that it has a fiduciary duty to its shareholders and followers to explore all the options and available avenues before making any material decision; and only then choose the best route available that will yield all concerned the best possible results in both short term and long term range."
In other corporate updates, the issuer is making provisions to become an SEC reporting issuer in the unlikely event that both the OTCBB and Xetra planned transactions, and or its filings not be approved as a secondary back up plan. Ms. Doi Mai Jia the issuers CEO said "We need to comply with the security laws not only in USA but in both USA and China. We are looking at all the options as to how best to close this mega huge gap that exists between our company valuation, and the current share price which indicates only a small fraction of what Good Life China is really and truly worth".
The common shares of the Company are currently dually listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange (Xe:L9X). The issuer is in good standings with Pink Sheets and ranked as a "Current Information" filer with its security.
jmho, let's see how the buyout is completed, the buyout will definitely occur along with the spin-off of NAO. Then, accordingly, the company could plunge into with $5M as intended (at ??).
That should do to make us uplifted to OTCCB or so. IMO!
Here you go:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=16186
"intends to seek approval to change trading venue from Pink Sheets to Amex..."
Isn't Chinese government a majority shareholder who needs to seek approval from? Also they need to seek approval from their government to buy some shares outstanding. I know it is a great business pattern buy aren't it the Chinese who have been pulling the strings? Just my IMHO.