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China plywood industry is highly fragmented (5,000 plywood producers). 90% of these companies produce only 10,000 m3 of plywood per year. Only 180 producers can reach capacity of 20,000 m3 per year. We are one of the large plywood manufacturers in China with capacity of 120,000 m3. Our major competitors include: Jiaxing Hengtong, Linyi Haifeng, Shandong Xingang, Sichun Shengda and Dehua TB. None of these companies focus solely on plywood production in contrast to us which focuses only on producing high quality radiate plywood and eucalyptus plywood.
http://www.google.com/finance?q=SHE:002043
http://www.google.com/finance?q=EPA:ALOBR
http://www.google.com/finance?q=BOM:532994
http://www.google.com/finance?q=BOM:532646
i sure hope donenfeld, simeon and whoever donenfeld gave 115 million presplit shares to for working on this deal are willing to sell their shares otherwise barring dilution were gonna have a liquidity issue...29 million divided by 540 = 53,703 tradeable shares without the "big 3"... as far as the private placement goes does anyone recall the amounts sold and to who? donenfeld bought 125,000 and 65,000 warrants? maybe i will go back over the filings but does anyone remember if all the private placements were sold? anyways i hope this thing gets liquid w/ out dilution... i know the chine victory have their shares on 2 yr lock down but they also have a huge amount of authorized in their back pocket... i wrote numerous emails to china and donenfeld pointing out that they sure had no problem reverse splitting the outstanding shares but not reducing the authorized shares... imo they should have dropped the a/s to 75m - 100m...still having close to a billion is just too much... after all it is a confidence game... so i guess well see where they take us
.51 divided by 540 = .00094
3.91 divided by 540 = .0072
thats just messed up... and goodbye liquidity
why do you think it will be a tight float? in any play ive ever been in its quite the opposite...smaller the float bigger the spread...bigger the float tighter spreads...i was just wondering
scottrade told me i could buy today but not sell... until they get the new shares distributed to them...
.015 I wish that was a pre r/s number .015 X 540 = $8.10
3.49 divided by 540 = .0064
the magical number 540 get used to it... you will be using it in all your calculations to figure out where we are comparatively speaking to our investment at pre 540 numbers... i personally bookmarked 540 on my calculator
the "D" is attached to all securities that have done a reverse split... will CNWD have gone though a r/s when it starts trading again? the answer is yes it will have done a r/s... therefore i still believe it will be CNWDD friday morning... 1st available day to trade... this entirely my speculation and it really doesnt matter... but i am bored and feel like being a contrarian today
whoops i meant a "D" at the end for a month sorry... CNWDD
also looks like it will begin trading again friday morning
the ex date is today so it'll take 3 days and an appended E on CNWDE to start trading again... correct?
Wow is that I-box out of date... would the all powerful moderators and assistants clean it up and get it up to date?
new SEC filing late reporting financials like i anticipated they wanna release information about CNWD under CNWD and not TBJK... you know they made another 3 million or so in profits over the last 3 months and hopefully its stated in a press release as well as a SEC filing... lets get some eyes on this thing!!
maybe they came to their senses and canceled the bitch!
so it would of had to be approved today (thur) for it to happen on tue. the 16th?
are the ass clowns gonna be able to pull off a nov. 16th r/s?
stuck behind the EIGHt ball....sigh
maybe you should GRAB a HANDFUL of shares and LOAD them into your account...
still trading 2X under it's true value... this company is on track to profit over a 12 million u.s. dollars this year...pre split cheapies are getting sold hard now as the bottom is in and after r/s who knows whats in store for China Wood Inc.... other than a 150k promotional account to unleash awareness of China Wood Inc.!!
could you post a link to the finra split page? thanks alot
lol... i was just kidding around with you... i dont really care much about other peoples buying and selling habits... like yourself i'm sure... what i do care about is companies that make money and are honest... and at over a million a month profit... this is the real deal! i also really appreciate that management was forthcoming in their r/s in their initial press release... they could have hid it until the last second like many of the hustlers do... i must admit i am finally getting a bit excited about the future of china wood inc... it will be nice when they finally decide to promote themselves to the investing community as to who they really are and what they do... good luck everyone...
trading 7x below value wasn't low enough for you? lol...damn your a cheap mother! as typical to any r/s when the bottom is found and people feel its relatively safe to get back in or buy more the share price moderates to the upside...especially as the r/s date gets closer... which is what we are finally seeing imo... also i wouldnt doubt it if we do see some of those "friends" come around closer to r/s date... whats 10k or 20k to these multi-millionaires...you know they want it at least trading at 5.00+
from the definitive 14C
SUMMARY OF REVERSE STOCK SPLIT
Below is a brief summary of the reverse stock split:
·
The issued and outstanding Common Stock shall be reduced on the basis of one post-split share of the Common Stock for every 540.61745923707 pre-split shares of the Common Stock outstanding. The consolidation shall not affect any rights, privileges or obligations with respect to the shares of the Common Stock existing prior to the consolidation.
·
Stockholders of record of the Common Stock as of October 25, 2010 shall have their total shares reduced on the basis of one post-split share of Common Stock for every 540.61745923707 pre-split shares outstanding.
·
As a result of the reduction of the Common Stock, the pre-split total of issued and outstanding shares of 735,428,571 shall be consolidated to a total of approximately 1,360,349 issued and outstanding shares (depending on the number of fractional shares that are be issued or cancelled).
·
The Company’s authorized number of common stock shall remain at 980,000,000 shares of the Common Stock.
·
The Series M Preferred Shares shall automatically convert into 8,639,651 shares of common stock.
there is zero chance that china wood inc. will make any move with press releases or sec filings, other than necessary sec filings which to me look to be concluded with the definitive 14C, while this thing is still TBJK... post name change all bets are off... i bet they do a press release with name change and financials (which will show another 3+ million profit for the last 3 mos.) and possibly laying out their vision for CHWI or whatever the symbol will be including their intentions for uplisting... not to mention if and when they unleash the 150k promotional account these pre split / name change days will be over... as well as the sweet pricing that went along with it...in my opinion
yeah 7 more days... i put a grand into my account last tuesday to buy more just right before the move...
The Board approved a resolution to effectuate a 540.61745923707:1 reverse stock split. Under this reverse stock split each 540.61745923707 shares of our Common Stock will be automatically converted into 1 share of Common Stock. 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.
read the def 14c from 10/26/10
split date is the 16th of november
name change nov 8th? i dunno... anyone?
man i can't wait til we get the name change official... you know they won't do any promotion under tbjk... does the name change also come with the nov 16th split? also i hope one of their first things they pr is a/s reduction... and finacials for 7-01 thru 9-30... cmon chairman yi!
making plywood is one thing... but do they know how to make market capitalization? xiaoling yi did go to some kind of chinese trading school so hopefully she knows about markets... one could assume donenfeld might know something about markets... but being a new york wall st. hedge fund guy i dont trust him to do anything to benefit me...look him up on facebook... he and tom simeon are both available to be friended... i dont know about the chinese factor if they are facebook available as when it comes to chinese names its very hard to decipher them... they spell their names multiple ways sometimes forewards sometimes backwards... sometimes with an english name thrown in there etc...
yes sir... i held the VCTY security over the summer months... and got a bad vibe about the china hydro deal in august... at which time i sold... enjoy your day good sir
is it not managements obligatory duty to preserve shareholder value? i would have to constitute that the demotion move to the pinksheets and lack of market maker refiling as a gross disservice to all investors worldwide TBJK or otherwise... how can we trust markets in general when companies sabotage themselves? the only chinese i will trust now is the buffet from 11-2! just kidding... get out and vote before the chinese take over america... and on that i am not kidding...
i hope some of you peeps took heed to my warning about 200 million assets and 7 million cash for 12 million in paper was never gonna happen w/ the chinese... im not trying to be an a-hole just trying to help... i got shagged on my own reverse merge w/ the chinese recently... oh well im done w/ chinatown except for the buffet from 11-2... good luck yall
it will be nice when china wood inc. "gets after it"... i was in a play one time with a small float (3.5 million) that went from a low of 2.00 to a high of 110.00... i would be happy for 15.00 to 20.00 on this one...
nasdaq requirements http://www.investopedia.com/ask/answers/121.asp
in my opinion we should soon see some buying pressure... imo the bottom is in @ .0028 and after calculating this thing we should be trading @ .021 so we are 7x under what earnings and p/e suggests we should be at... when the reverse split is completed im sure at some point they will be unleashing the massive 150,000 dollar public relations campaign... there gonna need to if they have any plan of getting to a real board... after reading the requirements to get to the nasdaq they're definitely gonna need a hella lot more eyes on this one...personally i wish they would at least do something about pinks at least.. i've been bitching to the directors for a while about it... but have only recieved one response which they did not address that certain issue... definitely a language barrier with them...
i did...gonna open it now
way to go pfob'ers! it looks like the only piece of information i ever believed that came out of jim cramers mouth may be true... he said...if you hold a security long enough, that mathematically the likelihood of coming out ahead is almost certain... cheers to you all for keeping with this thing... anyone still talk to the skip drainwater crew? how 'bout the basher bitches? "im gonna tell yaquinto on pfob!"
if anyone wants to email any questions or concerns to the people at china wood inc. here is the address puchuan@changsheng.sina.net i have been told by one of the directors at china wood that my emails have all been read by them... in the subject line just put in attn: directors of china wood inc.
ive got exactly as much as i wanted before oct. 1st... i will look you up in a year and if i havent made money on it... i will be more than obliging to publicly tell you that i picked a turd... but if i do make money on it...well i will be more than happy to follow you around ihub and post to remind you about it...lol
10 to 12 million float.... audited one million a month profit... soon to be far away from the penny flippers...e.p.s. of a dollar plus...sure it sucks it wasnt a 10 bagger october 1st... but it will be when the powers that be running china wood inc. (CHWO) decide to... see ya there longies
sec filing... people