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what a day!!! why wont they press release their quarterlies? most publicly traded companies do. So whats their major malfunction? im gonna start a blog with a paypal donation button to collect funds and get a press release out on the trading platforms. who's with me? see ya in a while im gonna make me a blog!!
if you look at china teletechs 10Q from 11-15-10 the future goals sections is exact verbatim. http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7557344-40346-70465&type=sect&TabIndex=2&companyid=816147&ppu=%252fdefault.aspx%253fcik%253d1473652
another interesting note is that china teletech and china wood both have lau's as chief financial officers... chong him lau http://www.reuters.com/finance/stocks/officerProfile?symbol=DRGN.OB&officerId=1486302 and who i believe to be his brother hang seng (randolph) lau http://www.reuters.com/finance/stocks/companyOfficers?symbol=CNWD.PK&WTmodLOC=C4-Officers-5
i suspect that the lau bros. work out of a shared office in hong kong as cfo's of there respective companies...they are the number guys and in randolph lau's case specifically he does not need to be on site at the plywood manufacting site
just a little conjecture as i am a little bored this morning
i think you're right the secretary messed it up
one big retail buyer... im sure the institutional boys will buy into the other $4.6 million private placements left as Al should be well connected w/ his wall st. buddies... maybe the phone app is like mario bros. but instead of gold coins its sheets of plywood... hui jiang bros. but on a little more serious note i sure would like to see their website seriously upgraded... that thing looks like crap... here is a website of another chinese wood company check it out http://www.hengtongwood.com/ enjoy
nothing 150k couldnt solve
$2.50 / 540 = .0046
did you not read the 10Q? or my post covering that issue? page 32 of the 10Q
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In connection with the share exchange transaction, on September 30, 2010, we issued an aggregate of 467,074.60209421 shares of Series M Preferred Shares that have been automatically converted into 8,639,651 shares of common stock upon the effectiveness of the reverse stock split on November 16, 2010, or 86.39% of the outstanding shares prior to the offering, to the shareholders of Chine Victory Profit Limited (“China Victory”) in exchange for 100% of the outstanding shares of Chine Victory, which exchange resulted in Chine Victory becoming our wholly-owned subsidiary.
These securities qualified for exemption under Section 4(2) of the Securities Act since the issuance securities by us did not involve a public offering. The offering was not a “public offering” as defined in Section 4(2) due to the insubstantial number of persons involved in the deal, size of the offering, manner of the offering and number of securities offered. We did not undertake an offering in which we sold a high number of securities to a high number of investors. In addition, these shareholders had the necessary investment intent as required by Section 4(2) since they agreed to and received share certificates bearing a legend stating that such securities are restricted pursuant to Rule 144 of the Securities Act. This restriction ensures that these securities would not be immediately redistributed into the market and therefore not be part of a “public offering.” Based on an analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Securities Act for this transaction.
On September 30, 2010, immediately following the share exchange transaction, pursuant to the securities purchase agreement, we consummated the private placement for the issuance and sale of investment units, consisting of an aggregate of (a) 1,336,244 shares of Series A Preferred Stock, and (b) five-year Series A warrants to purchase up to 668,123 shares of common stock at an exercise price of $4.80 per share to the investors, for aggregate gross proceeds of $5,344,975.00. Such securities were not registered under the Securities Act. The issuance of these securities was exempt from registration under Regulation D, Regulation S and Section 4(2) of the Securities Act. We made this determination based on the representations of Investors, which included, in pertinent part, that such shareholders were either (a) “accredited investors” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act, or (b) not a “U.S. person” as that term is defined in Rule 902(k) of Regulation S under the Act, and that such shareholders were acquiring our common stock, for investment purposes for their own respective accounts and not as nominees or agents, and not with a view to the resale or distribution thereof, and that the shareholders understood that the shares of our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.
In connection with the abovementioned private placement, we paid the placement agent and selected dealer placement agent a fee of $443,098 and issued to them five-year Agent Warrants to purchase a total of 133,624 shares of common stock at an exercise price of $4.80 per share. Such securities were not registered under the Securities Act. The issuance of these securities was exempt from registration under Section 4(2) of the Securities Act. We made this determination based on the representations of the placement agents , which included, in pertinent part, that each of the placement agents were an “accredited investors” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act and that each of the placement agents was acquiring our common stock for investment purposes for its own respective accounts and not as nominees or agents, and not with a view to the resale or distribution thereof, and that each of the placement agents understood that the our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.
In instances described above where we issued securities in reliance upon Regulation D, we relied upon Rule 506 of Regulation D of the Securities Act. These stockholders who received the securities in such instances made representations that (a) the stockholder is acquiring the securities for his, her or its own account for investment and not for the account of any other person and not with a view to or for distribution, assignment or resale in connection with any distribution within the meaning of the Securities Act, (b) the stockholder agrees not to sell or otherwise transfer the purchased shares unless they are registered under the Securities Act and any applicable state securities laws, or an exemption or exemptions from such registration are available, (c) the stockholder has knowledge and experience in financial and business matters such that he, she or it is capable of evaluating the merits and risks of an investment in us, (d) the stockholder had access to all of our documents, records, and books pertaining to the investment and was provided the opportunity to ask questions and receive answers regarding the terms and conditions of the offering and to obtain any additional information which we possessed or were able to acquire without unreasonable effort and expense, and (e) the stockholder has no need for the liquidity in its investment in us and could afford the complete loss of such investment. Management made the determination that the investors in instances where we relied on Regulation D are Accredited Investors (as defined in Regulation D) based upon management’s inquiry into their sophistication and net worth. In addition, there was no general solicitation or advertising for securities issued in reliance upon Regulation D.
32
In instances described above where we indicate that we relied upon Section 4(2) of the Securities Act in issuing securities, our reliance was based upon the following factors: (a) the issuance of the securities was an isolated private transaction by us which did not involve a public offering; (b) there were only a limited number of offerees; (c) there were no subsequent or contemporaneous public offerings of the securities by us; (d) the securities were not broken down into smaller denominations; and (e) the negotiations for the sale of the stock took place directly between the offeree and us.
as of yet there has been NO filing registering these securities... 1.36 million float
i hope nobody got spooked by the liquidity talks and sold early... lets hope it was al and company!!!
yes i agree that donenfeld is a long term guy... in fact so long term that he didnt feel the need to register his private placements... as a matter of fact none of the private placement share holders registered them... but back to liquidity yes i believe you are right in that market savvy Al certainly had to see this coming...what do you do when a stock is so undervalued after a puzzling r/s amount that it killed liquidity? and on top of that this 10Q's show that this thing is so undervalued that nobody wants to part with their shares! myself included... $5.40ish or .01 old school was my average buy in... so theres no way id go a penny less than $7.50 for my shares... as i deserve to make something on this... but more likely than not i will hold til 12.00 + depending on the time frame
yeah sorry about the sloppiness...sometimes i get lazy in writing my posts thinking that everyone will understand as weve all been here over analyzing this thing to death for close to a couple of months now
youve been around here long enough to know what the deal is!
authorized 980,000,000
outstanding 10,000,017
restricted 8,639,651 (24 Month Lock-up) chine vic
float 1,360,349
of the 1,360,349 in the float
1)a.donenfeld 529,629
2)viking investmests aka tom simeo 555,555
3)the guy donenfeld gave 114 pre r/s shares out of donenfelds personal 400mil for the help on the r/m 211,111
4)the 29 million pre r/s or what I like to call retail 53,703
you want official numbers? 10,000,017 total float
Restricted Shares = 8,639,651 (24 Month Lock-up)
Float = 1,360,349 Current TBJK share holders
can any of the former TBJK holders sell their shares? yes
will alan and tom and the other one sell? yes eventually
will the other 53,707 shares be traded? yes
bye the way... nice tits! which be-otch are you?
float is 10 million
8.639 mil chine vic -- locked
former tbjk holders 1.36 mil
the private placements and warrants were not registered with the sec and cannot be sold until they are registered... assumedly they are more long term holdings
hoss if you do get a hold of donenfeld... could you see if he will talk about the share structure... are alan's, vikings and the r/m helpers shares from the TBJK days in play (1.36 m)? or do we really have a 54,000 share float?
hey hoss will you be posting the new info on the CNWD facebook group?
i have no idea...but since even we lowly retail with the 54,000 are not even selling and buying... but waiting for the true valuation prices... its completely frozen...lol... quite the quagmire... r/s was way to large... it killed liquidity
yes all of that is so sweet!!! problem getting to a correct valuation is liquidity...the 8.6 million owned by chine vic is off limits for 2 yrs... the private placements were never registered... which leaves 1.36 million shares and of that donenfeld owns 529,629 tom simeo of viking owns 555,555 and the other guy owns 211,111 equaling 1,296,295 leaving 29 million pre split shares divided by 540 = roughly 54,000 shares... now that is small amount of shares to generate serious upwards movement on...
cover page bottom on 10q
State the number of shares outstanding of each of the issuer’s classes of common equity, As of November 22, 2010, there were 10,000,017 shares of our common stock issued and outstanding.
State the number of shares outstanding of each of the issuer’s classes of common equity, As of November 22, 2010, there were 10,000,017 shares of our common stock issued and outstanding.
In connection with the share exchange transaction, on September 30, 2010, we issued an aggregate of 467,074.60209421 shares of Series M Preferred Shares that have been automatically converted into 8,639,651 shares of common stock upon the effectiveness of the reverse stock split on November 16, 2010, or 86.39% of the outstanding shares prior to the offering, to the shareholders of Chine Victory Profit Limited (“China Victory”) in exchange for 100% of the outstanding shares of Chine Victory, which exchange resulted in Chine Victory becoming our wholly-owned subsidiary.
These securities qualified for exemption under Section 4(2) of the Securities Act since the issuance securities by us did not involve a public offering. The offering was not a “public offering” as defined in Section 4(2) due to the insubstantial number of persons involved in the deal, size of the offering, manner of the offering and number of securities offered. We did not undertake an offering in which we sold a high number of securities to a high number of investors. In addition, these shareholders had the necessary investment intent as required by Section 4(2) since they agreed to and received share certificates bearing a legend stating that such securities are restricted pursuant to Rule 144 of the Securities Act. This restriction ensures that these securities would not be immediately redistributed into the market and therefore not be part of a “public offering.” Based on an analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Securities Act for this transaction.
On September 30, 2010, immediately following the share exchange transaction, pursuant to the securities purchase agreement, we consummated the private placement for the issuance and sale of investment units, consisting of an aggregate of (a) 1,336,244 shares of Series A Preferred Stock, and (b) five-year Series A warrants to purchase up to 668,123 shares of common stock at an exercise price of $4.80 per share to the investors, for aggregate gross proceeds of $5,344,975.00. Such securities were not registered under the Securities Act. The issuance of these securities was exempt from registration under Regulation D, Regulation S and Section 4(2) of the Securities Act. We made this determination based on the representations of Investors, which included, in pertinent part, that such shareholders were either (a) “accredited investors” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act, or (b) not a “U.S. person” as that term is defined in Rule 902(k) of Regulation S under the Act, and that such shareholders were acquiring our common stock, for investment purposes for their own respective accounts and not as nominees or agents, and not with a view to the resale or distribution thereof, and that the shareholders understood that the shares of our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.
In connection with the abovementioned private placement, we paid the placement agent and selected dealer placement agent a fee of $443,098 and issued to them five-year Agent Warrants to purchase a total of 133,624 shares of common stock at an exercise price of $4.80 per share. Such securities were not registered under the Securities Act. The issuance of these securities was exempt from registration under Section 4(2) of the Securities Act. We made this determination based on the representations of the placement agents , which included, in pertinent part, that each of the placement agents were an “accredited investors” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act and that each of the placement agents was acquiring our common stock for investment purposes for its own respective accounts and not as nominees or agents, and not with a view to the resale or distribution thereof, and that each of the placement agents understood that the our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.
In instances described above where we issued securities in reliance upon Regulation D, we relied upon Rule 506 of Regulation D of the Securities Act. These stockholders who received the securities in such instances made representations that (a) the stockholder is acquiring the securities for his, her or its own account for investment and not for the account of any other person and not with a view to or for distribution, assignment or resale in connection with any distribution within the meaning of the Securities Act, (b) the stockholder agrees not to sell or otherwise transfer the purchased shares unless they are registered under the Securities Act and any applicable state securities laws, or an exemption or exemptions from such registration are available, (c) the stockholder has knowledge and experience in financial and business matters such that he, she or it is capable of evaluating the merits and risks of an investment in us, (d) the stockholder had access to all of our documents, records, and books pertaining to the investment and was provided the opportunity to ask questions and receive answers regarding the terms and conditions of the offering and to obtain any additional information which we possessed or were able to acquire without unreasonable effort and expense, and (e) the stockholder has no need for the liquidity in its investment in us and could afford the complete loss of such investment. Management made the determination that the investors in instances where we relied on Regulation D are Accredited Investors (as defined in Regulation D) based upon management’s inquiry into their sophistication and net worth. In addition, there was no general solicitation or advertising for securities issued in reliance upon Regulation D.
In the next 12 months, our goal is to develop the mobile phone related service operation in Shenzhen and expand the sales network in Guangzhou. In the event that expansion is successful, we plan on adding additional mobile phone application and software and market them in both Guangzhou and Shenzhen.
Following becoming a reporting company which we hope to achieve within the next 60 days, we plan on making a private placement of our securities to raise the funds for our initial expansion plans. The private placement should close within the next six (6) months and we have contacted a securities firm to assist us with the private placement. Assuming the private placement is successful, we plan on expanding in Shenzhen during the next six (6) months and starting the mobile phone application and software development thereafter. The development of mobile phone application is dependent upon sufficient financing and the identification of suitable mobile phone application suppliers and distributors.
well what do ya think? they seem to be making some good profit and are all ready for another private placement? now i see where dongerstein makes his cash being the broker/securities dealer on these private placements.
ive been patiently chilling for over a month and a half for the "simple" filing on a market maker (HDSN)... donenfeld and the chinese are impossible to get a hold of... they dont respond to emails... shit i even mailed a physical letter to china as per one of the cnwd filings asked... this r/m has been in the works at least 9 mos and although i like the companies business and financials... i most certainly am not enamoured with its principal players... but then again who am i? some lowly retail investor
paneltech PNLT all over again.. mess with the bear and you'll get... well frankly, another paragon frozen stock
yes lets hope they want to make money the right way... not through diluting...
monday is not a magical date... CNWD is able to trade now (at least thru scottrade)and will continue to trade on the pinks... if the chinese overlords wanted this on to the otc bb they would of had no problem rectifying that issue instantly in the 1st week of october... i wouldnt expect to much out of them i recieved an email from the cfo hang seng "randolph" lau the one who "knows" english as per one of their filings or that 1st press release... i cant remember where i saw that well anyways his email was damn near unreadable and not even related to the information i asked for... they have no investor relations firm handling them...and from what i can see about al donenfeld and past reverse merges hes not too big of a help
i hope this doesnt turn out like alan donenfelds last reverse merger... look up panel tech...PNLT...its the same format used on CNWD... alan donenfeld shell... PNLT rolled into it... alan donenfeld buys private placements holds on to his commons from when he was ceo of shell...40,600 shares traded in 9 trades over 8 months with a .12 cent bid and a .54 cent ask... fugly
$3.50 halfway between the b/a scottrade still is not valuing CNWD
looks like somebody really wants out.... 9.50-5.50-5.00-4.50
imcat- yes they were supposed to add a share instead of issuing fractional shares... i have scotturd and havent yet recieved my fractional share
4.50 / 540 = .008
whoop they got scared and didnt think 4.50 was enough and bumped it up to 4.75... but they still want out... just cant fight that daytrading urge
it will continue to show $0.00 until a trade is made... that trade will set the market... at least that is the information scotturd gave me... as far as the unable to sell yet... that is dependent on your brokers system (computer software etc...) as to when the shares are placed into account... i was on the unable to sell program yesterday... i could still buy just not sell... and today i can both buy and sell... but my shares are also still valued at $ 0.00 like yours... at least until we get a trade
bid
2.00 / 540 = .0037
ask
5.50 / 540 = .0101
sorry but my averaged buy in was right around a .01 ($5.40)... and according to my unscientific statistical analysis at a minimum CNWD is worth $11.00 and possibly as high as $20.00-30.00 dollar range... so until the bidding parties come correct i will continue to keep my shares tucked away under my mattress right next to my gold and shotgun
anybody else not get their fractional share? i didn't on both my accounts...from the 14C
To avoid the issuance of fractional shares of Common Stock, the Company will issue an additional share to all holders of fractional shares. The effective date of the reverse stock split will be November 16, 2010.
maybe they will add them at a later date
one would think that the 2.16 number would be the correct price as that was the price China Wood Inc. was trading at under the TBJK symbol at the 540 ratio...China Wood Inc. / TBJK completed the r/m oct 1st 2010 and China Wood traded just fine under the TBJK symbol until name change and split... with any other security i have ever seen split theres never been a problem pricing it post split... and a name change certainly shouldn't affect pricing... its typical broker/market bs that makes no sense at all...
i spoke with my guy at scottrade and he said that a value will attach to your shares with the first trade... so buy a share at 9.50 and lets see our acct number value up!! lol get nite out of the way at 9.50 and its of to csti at 50.00
i might have seen your story around before... i recall somewhere at sometime reading that story verbatim on a yahoo board... i know what you mean though...ive had a few of those... not quite multi mil but 100's of thousands from selling too early... i must admit i do like what i see here
check this out
http://www.google.com/finance?q=BOM:532646 plywood maker that makes a few other things etc... they also have a 12 million share float
http://www.uniply.in/pdf-excel/quarterly-results.pdf quarterlies from 6-30-10 there is 100,000 rupees in a lac 2,385 lacs X 100,000 = 5.2 mil cnwd did 3.3 mil... we did 60% of what they did w/ same outstanding shares... they are at $18.00 X 60% = 10.80 a share is that what we should be at? i dont know its a strange way to compare company to another company but 2.00 is way low i know that...
CNWD shares in scottrade account although no value attached to them yet
what if we all were holding out for 15-30 dollars? how will we ever get there?
quarterly financials are dandy... but when nobody knows about them what good do they do? you need investors to see whats going on here!
1.25 / 540 = .0023 bid 3.91 / 540 = .0072 ask
i got scottrade and no shares in my acct yet
im expecting stagnancy w/ this one until CNWD puts it promotion money to good use... im sure not selling @ 1.25
1.25 / 540 = .0023
i agree it will be fun to watch because after comparing cnwd w/ certain india plywood mfgers and a couple chinese ones... this thing has more potential than i ever really realized... i just hope they can figure out a way to do some off sheet budgeting for expansion... everyone involved w/ cnwd w/ the exception of us retailers are millionaires YE,LI,LAU,LAI and Donenfeld... i tried to find out more about yin ling lai (well asia grp. ltd.)as he seems to be owner of 4.4 million of the 8.6 million chine vic. holdings but it's so hard to find anything on any chinese peeps... maybe i should start using baidu instead of google... google and china are like water and oil
an absolutely preposterous bid and ask... after researching other plywood manufacturers this should be anywhere between 15-20 at the low end and 30 at the high end... i scoured other exchanges for plywood mfger's and most of them weren't even as profitable as CNWD with much larger outstanding shares counts... issues CNWD faces are not so much technical as they seem to be able to be profitable quarter to quarter... but imo the issue is nobody knows the direction they are gonna take...this from the 14C
PLANS, PROPOSALS OR ARRANGEMENTS TO ISSUE NEWLY AVAILABLE SHARES OF COMMON STOCK
The main purpose of completing this Reverse Stock Split is to increase the amount of shares available in order to have the ability to issue shares and attract investors. The Company has entered into the Share Exchange and Financing whereby they have agreed to effectuate this Reverse Stock Split.
The financing will be used primarily to expand and enhance the Company’s existing plywood production business. The Company intends to expand its operations through the acquisition of forest tracts in southern China and to acquire new machinery needed to better serve clients.
issuing shares = dilution granted its not dilution for dilutions sake... they want to expand
9. Type(s) of Securities Offered (select all that apply)
Pooled Investment Fund Interests X Equity
Tenant-in-Common Securities Debt
Mineral Property Securities X Option, Warrant or Other Right to Acquire
Another Security
X Security to be Acquired Upon Exercise of Option,
Warrant or Other Right to Acquire Security Other (describe)
Offering and Sales Amounts
Total Offering Amount $ 10000000 USD Indefinite
Total Amount Sold $ 5344975 USD
Total Remaining to be Sold $ 4655025 USD Indefinite
looks like they still have some options and warrant to sell
as far as the equity box being checked i can only imagine that would have been the 300 million tbjk shares to viking (tom simeon)