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Anyone see SBSH on the box anymore?
Looks like he's gone....
would this make you happy?
China Jiangsu Golden Horse Steel Ball, Inc. (CJGH) opened today at $4.95 up 6% at $5.26 ... China Jiangsu Golden Horse Steel Ball, Inc. shares continue to make gains, in what has been an exceptional month for the stock including a 620% increase on 12/20/07 With shares continuing to make significant gains the stock is up a whopping 1650% this month alone. Shares also officially broke the $5.00 mark hitting $5.75 at one point today.
http://www.wallstreetnewshour.com/NewsStory.aspx?storyid=31670&ret=news.aspx&cat=
gotta know where you've come from, to know where your going.. lol
It's pretty crazy how the T/A gave out the wrong information, the phones were giving problems to some people trying to reach investor relations and the SOS changes all occur within the matter of days.... lol.. add it all up and you got one hell of a buying opportunity off capitulation from .036 to .012 imo..... but I don't blame people if they got nervous... Insane..
glad that's all cleared up now...
Nice add...
UP 16.67%.... I'll take it...
still holding my 1.91's from this morning....
weeeeeeeeeeeeeeeeeeeeeeeeeeeee..... lol
b*tch is going nowhere....
yea, up 30% on less than 225K.. lol...
Everyone here feels the frustration as we are at new lows, so everyone is underwater..
Being in pinkyland, just about everything you can imagine can be manipulated BUT there are things which cannot… One of them being the TA...
If the transfer agent says the O/S is 36.5M then the O/S is 36.5M… If the company was going to issue shares for dilution, they would have to contact the TA to issue the certs, thus the numbers would be updated… This has not been the case and the numbers are not changing as per numerous board members...
show me a link that says you get delisted by the Nevada Secretary of State for not filing your yearly officers list on time.. I've never seen this happen...
dont just regurgutate crap you believed from yahoo on this board...
Getting quiet in here..
Is .015 going to be the number again?
maybe so, but these guys are not diluting and thats such a plus in pennyland and basically is all that really matters.. When something comes together here, which it eventually will, these are rock bottom prices and we're all going to be glad we picked up the bottoms and hung in there... JMHO..
CHINA JIANGSU(Frankfurt: 4J3.F)
Last Trade: 0.026
Trade Time: 3:03AM ET
Change: 0.008 (44.44%)
Day's Range: 0.026 - 0.026
52wk Range: 0.012 - 0.505
exchange rate 1.4x = .0365 share price......
can you say, arbitrage?...lol
I wouldn't throw the towel in just yet...
the O/S was confirmed again today by a poster on here that it remains at 36M and some change...
While it's painful to watch, I just don't think the fat lady is ready to sing her tune just yet....
We're down big, 2/3 of the PPS value from .036 in a week big, but imo it won't just keep going down... Everyone that liked the stock at .02 should love it down here... Nothing has changed this past week except you can buy in for 1/3 the price... frustrating? of course..
O/S is the same, company is the same, financials are the same... If you think this deal is done and are bailing with an O/S of 36M, when nothings changed, I think you'd have to have your head examined..
I could be wrong, and if I am that's fine, I'll take my lumps.. I just don't see this being the case with the story they have and the o/s where it is..
IMO, we will NOT trade under a penny any time soon and are virtually at bottom...
O/S was confirmed by the T/A on Monday and the IR # is not disconnected....
But, keep selling at a loss guys, your doing good...
i spoke with two other people who have tried calling.. One other from Canada who also got through, and one calling from the U.S. and they did not...
So it seems for some reason that is why for the time being... If you are calling from Canada you will get through..
moderator, could you please confirm whether IR contact has been disconnected or not?
this should settle everything...
i do not reside in europe, i do not add 00 before I phone and I DO get through.. have you ever tried calling before? or is this first time, because of those rumours on yahoo?
I guess everyone on the board is going to have to phone the number and see for themselves.... Poor Karen... lol
I'm done with you guys....
& I'm telling you petey, it is going through on my end!!
ridiculous...
you guys are hilarious....
maybe you should try again, because it works for me....
With the o/s pegged at 32.5 mil, it seems we got some serious rolling of shares or something going on here for accumulation..
Over the past 4 trading sessions there's been 35,520,370 shares bought and sold. Thats an average of 8.9M per day..
The T/A's #s show a change of 8,010,153 between the 27,510,217 as of Feb 28, 2008 figure from the ibox and today...
Best guess is the market had to of also absorbed the majority of that over the past 4 sessions which is why we didn't recently get the pop we would have liked...
However, T/A's #s do not support further dilution.. I mean, 8M shares over 6-7 months is nothing and we have probably just about burned through whatever was there to be absorbed..
Looking for a nice move to the upside here over the next few weeks as people slowly keep adding, new traders stumble across this ticker and thus the number of shares available for manipulation become less and less..
GL..
> Anyone else have any opinions on the recent high volume days considering the 32.5M O/S count?
got an email in from Global Sentry correcting the information they gave me on Friday... seems they were way off on the numbers they were giving investors that day...
From: gsetransfer@gmail.com on behalf of GSE Transfer (info@gsetransfer.com)
Sent: September 8, 2008 2:51:53 PM
To:
Mr. XXXXXXXX,
The details have come in,
Out - 36,442,990 (Thirty-Six Million Four Hundred Forty-Two Thousand, Nine Hundred Ninety)
Rest - 20,000,000 (Twenty Million)
Auth - 100,000,000 (One Hundred Million)
My apologies once more.
Best Regards,
-Michael Jarvis
your obviously trying to create a scene over something which is clearly an honest mistake on behalf of the T/A...
What would be the point in someone paying the $30 if everybody that got that info from the ibox, wtvr, had to go pay $30 aswell to make sure it was correct.. people trust the info given by the T/A...
You can blame me, I could care less, but there is no reason to fault TAKI or anybody else... I'm not going to have someone take heat for info i passed on which was recieved from the T/A.
Otherwise, I got things to do today, you have a good weekend..
TAKI was going off info I gave him.. He doesn't owe you jack and neither do I.
If the T/A wants to give out false information to investors that is there problem.. especially after paying $30 to get it..
but your right on one thing, just proves what little trust you should place in message boards...
this is nobodys fault but the T/A's..
i guess we will see on Monday..
Since you apparantly know what the #s are, why don't you just spit it out?
That was the info I was given direct from the T/A, if it's wrong what can I say?
If you heard something different, then lets have it... Not much is going to change before monday am...
I spoke with Global Sentry on Friday and they gave me those numbers.. 72,885,980 o/s with 100 mil a/s. Was supposed to get a call back that afternoon regarding the restricted and float, instead, I got this just after the close...
Date: Fri, 5 Sep 2008 15:28:59 -0400
From: info@gsetransfer.com
To: XXXXXXXXXXXXX
Subject: Important, regarding Sharestructure information of CJGH
Mr. XXXXXXXX,
Unfortunately I have a bit of bad news. The share structure information I gave you regarding CJGH is in fact incorrect. The mistake stems from the fact we have 2 companies very similar to each other in name and the department that supplies the share structure information gave me the incorrect numbers. More unfortunate is that that department has actually left for the day and won't be back until Monday, at which point I can obtain and give you the CORRECT information.
My immediate and sincere apologies, I realize this has most likely set you back and as so we can refund you your $30 via PayPal. When Monday arrives and the correct information is sent to us you will get it at no cost.
Once again I am very sorry for the inconvenience but will be thankful for your patience with us in this matter.
Best Regards,
-Michael Jarvis
like wtf?... Hopefully this is probably just to do with the 500M o/s instead of the 100 that they told me, but nevertheless, WHAT A JOKE!!!
I will post what I hear on Monday..
some activity as of late....
anyone still here or been picking any up?
.021s getting nailed by 100k blocks from SBSH again..
what a joke... back to .02 cents on less than a million in volume..
on my way out, but here's a quick link with some of that info... i think its in a number of spots..
China Jiangsu Golden Horse Steel Ball Reports Record Q1 Revenues of $6.3 Million USD
XUYI, JIANGSU, CHINA, Jun 12, 2008 (MARKET WIRE via COMTEX) -- China Jiangsu Golden Horse Steel Ball, Inc. (PINKSHEETS: CJGH) ("Golden Horse" or "the Company"), a leading Chinese manufacturer and supplier of ball bearings, has announced unaudited consolidated operating results for the three month period ended March 31, 2008 ("Q1 2008").
Highlights for Q1 2008:
-- the Company recorded revenues of $6.30 million in Q1 2008 or
approximately 48.79% of the revenues recorded in the year ended
December 31, 2007 ("FY 2007").
-- the Company recorded a gross profit of $1.15 million in Q1 2008 and
the Gross Profit Margin increased by 39.72% from 13.04% during
FY 2007 to 18.22% in Q1 2008.
-- the Company recorded an operating profit of $0.894 million in Q1 2008
and the Operating Profit Margin increased by 121.53% from 6.41% during
FY 2007 to 14.20% in Q1 2008.
-- the Company recorded net income after taxes of $0.609 million in
Q1 2008 and the Return on Assets increased by 13.10 % from 8.55% during
FY 2007 to 9.67% in Q1 2008.
-- during FY 2007, the Company recorded revenues of $12.91 million, gross
margin of $1.68 million, operating income of $0.827 million and net
income after taxes of $1.1 million.
The increase in revenue is attributable to growing global demand for steel bearings as the Company had positive growth in sales from its existing customer base and was able to obtain new contracts. The Company increased prices of the steel bearings to offset the higher direct material costs of steel as the price for raw material steel products continues to increase as a result of higher global demand. In addition, the Company has started to realize the dramatic increase in gross profit margin as the result of the capital investments made in 2007 to improve its offering of bearing products and modernization of equipment and machinery, including the opening on the new plant in Xuyi.
The Company will be uploading the financial statements onto the website, and we encourage the public to visit our website at www.goldenhorsesteel.com.
About Us:
Golden Horse along with its affiliates and controlled entities is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany.
Forward-looking Statements:
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
For more information, please contact:
Investor Relations Contact
Tel: 1-866-365-4724
Website: http://www.goldenhorsesteel.com
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cjgh
i think its around 27 mil...
Wuxi Steel Ball is a subsidiary of CJGH...
http://www.steel-ball.com/e-gsjj.htm
"The corporation has 350 employees, of which 50 employees are engineers. The corporation occupies an area of 11,000 square meters with 12,000 square meters of factory building, The registed capital is 80,000,000. The corporation has an annual output of 40 billions of high precison steel balls and 60 billions of other kinds.".
big company that's making some nice coin....
etrade has a restriction on every pinksheet stock...
not sure if scottrade is the same way?
about 650,000 shares sold on the bid in less than an hour.. +/- $13,000.. does anybody else understand it? cuz i sure don't... tha sh*ts endless.. lmfao
14:45:57...(.02)...39,500
14:39:33...(.0195)...39,500
14:27:33...(.02)...20,000
14:25:27...(.02)...8,000
14:24:08...(.02)...55,000
14:20:20...(.02)...60,000
14:19:00...(.02)...60,000
14:16:01...(.02)...67,000
14:15:29...(.02)...39,500
14:13:41...(.02)...53,000
14:05:34...(.02)...28,500
14:05:11...(.02)...30,000
14:05:11...(.02)...1,500
14:05:08...(.02)...5,000
14:05:02...(.02)...33,500
14:01:26...(.02)...52,000
13:58:18...(.02)...43,500
13:56:53...(.02)...4,500
go SBSH!!!...
lol...
"...Why can't any of these stinkies let it go to the sky for once ? Wouldn't it advantage them as well as us ???..."
I've often wondered that myself aswell terror...
Why some guys just keep selling their stock into the ground no matter how good the story is, without letting it breath vs selling it slowly as its getting pushed higher and keep the charts looking good...
But it seems some guys just feel the need to slam any bid that appears and can't stand to leave the bids alone for more than an hour without having to whack it with at least some amount of shares.. & when someone drops below their ask, big no-no, they immediately go lower to stay lead ask as they are worried someone else will get a few dollars instead of them..
Either they just don't understand the churning effect, constantly letting people in and out of the stock as it progresses higher as opposed to one day having a whole bunch of upset people selling it off to a lower base which just gets sold off to a lower base and so on as they remain lead ask and do not budge, no matter how much is thrown at them, $10-$20-$30 grand, not enough...
The only thing I can think of is that it would just create too much attention and would blow out of proportion.. So they constantly just crush it into the ground so as to stay off the radar and suck in whoever feels its undervalued, but they don't allow it to take on a full-scale momentum breakout as this would create a whole bunch of unwanted attention both from type of inevestors and also regulators.. if this ran to .20, .30, .50, you know how much attention it would get?
Not saying that's whats going on here.. Not sure yet, but
there is no reason for such large amounts of selling we have been witnessing the past few trading sessions at around .02.. It's literally vicious selling... We all know the Q is on its way so its obviously not us.. I mean, within a minute or so of a bid appearing at .02 it gets hammered away.. There is no way imo, there can be that many people selling out for losses from higher prices.. and it is not flippers, unless they playing .019-.02.. Which I just dont think many are.. It just never ends though... & all of this right before earnings release which is more than likely going to be very positive.. just doesn't add up.. and why has there never been a PR about something as major as Wuxi being a subsidiary?
i'm positioned here low .02's for numerous reasons, too early? might be, thought it was a bottom, trapped, which is why I'm posting here, cuz im in and now waiting. i dont want to sell for the minimal loss yet, rather waiting for the good news to unfold if there is any and it will send this higher.. but obviously I have my exit points as well as I'm sure so do many others.. They need to let this thing breathe soon as we've come dangerously close to setting new lows at .018 a couple of times now, and if that happens imo, i know not only will I and a few others no longer be around, which probably won't matter, but there will also be a snowball effect here which will drop this down to .01 - .015 imo as they won't be the only one's selling anymore, people losing patients and playing certain technicals will leave aswell.. + nobody wants to be in a stock thats putting in new lows until they can see an obvious sign of recovery, and where we are at right now should be it..
but if they are willing to dump 50% lower than .02 by all means they should keep the selling pressure on.. and see how much they can get off at .015 and .01 before same things happens again and forces it even lower.. but as we all know, if they just eased off the ask a little bit and sold a few shares on every uptick instead of holding it and not allowing it to move higher, this thing would just keep moving up based on evaluations... we've seen this in the recent past as the stock was driven over .15.
Traders are happy as they can come in and out for profit and provide the company with added liquidity and the company is happy as they are selling stock at .15 instead of trying to get a few off at .02.
Yes, traders would exit and sell at certain points, but new ones would enter based off charts, fundamentals, hype wtvr.. and keep pushing it higher... when you keep loading people up with shares and not letting up off the ask, eventually comes a point when they drive it into the ground very quickly as technicals break, panick sets in started by lost patience..
its the only thing i can think of why some guys don't let it run, not creating attention... otherwise you have to wait and add up the amount of shares which have traded and when the 25M shares have hit the market, maybe the overhead pressure will be done.. but usually thats when the o/s increases and it all just starts all over again... this will never work, im just saying..
i like the story here and as we all know it could be trading much higher, but we need the company to work with us and if they are not going to then this is a dead-horse.. Cannot be a one-sided realtionship here.. Traders/investors will buy some, but it needs volatility and traders need the ability to sell higher.. Boxing the ask at .022 while slamming any .02 that appears, does not allow for volatility and stops people from wanting to buy.. imo, either this is the company, or a group which may or may not be working with the company to keep people away while they accumulate, wtvr.. but probably the former..
but really, its out of our hands.. we've done our part, if they are not going to stop selling and let this breathe and move higher than this is just ticking away to destruction and there is nothing we can do.. hopefully this is not the case and we can start moving higher after the holiday..
i asked Karen @ IR to put out a PR on the Wuxi connection which she passed on to the company along with some of her suggestions. but if they are not going to PR it, what can yah do? just have to make judgment calls based on what we know and what we see occurring in front of our eyes..
with the info they could release and with the solid numbers coming out over the next few weeks, this thing could really get on a tear, which is why we're all here... just need some cooperation now..
balls in the companys court.. lets go boyz....
thanks...
yes, for some strange reason, it is...
hopefully not for too much longer...
not sure, but I did send IR an email explaining that we need a PR on this and that it would most certainly boost the share price. Will post the outcome of that when I hear back..
Some did not even know or believe that CJGH owned any warehouse space.. Well it seems they have much more than any would have thought with just the one sub.. 12,000 sq meters of factory space, 300 employees, 50 of which are engineers, tons of machinery, equipment, they're well established since 1987 with an annual output of 40 billions of high precison steel balls and 60 billions of other kinds, etc, etc...
All per Wuxi website..
http://www.steel-ball.com/e-scgy.htm
HUGE!!!!
Hi XXXXX,
It is just as I thought - I received confirmation last night that Wuxi is indeed a subsidiary of Golden Horse Steel.
Regards,
Karen Willoughby
Investor Relations
1-866-365-4724
info@goldenhorsesteel.com
add everything from the Wuxi website to the ibox please... Subsidiary of CJGH..
http://www.steel-ball.com/e-gsjj.htm
Wuxi City Steel Ball Co., Ltd., originally named Xishan City Steel Ball Factory, was founded in 1987 as a collective enterprise. After having been reformed in 2001,the corporation has developed into the current privately run corporation ltd. with the registered capital amounting to RMB 10,000,000.
Wuxi City Steel Ball Co. Ltd., as one of the leading corporations manufacturing bearing steel balls in China, and it is also an enterprise producing stainless steel balls appointed by the coal industry department. The major products include bearing steel balls classified as G5,G10,G16 with the specifications of Φ1.0mm ~ Φ31.75mm and stainless and carbon steel balls with various specifications. These products are registered as "XI Ball" brand. Besides, the corporation manufactures various kinds of non-standardized steel ball and highly effective vibration isolating lubricant. The corporation has 350 employees, of which 50 employees are engineers. The corporation occupies an area of 11,000 square meters with 12,000 square meters of factory building, The registed capital is 80,000,000. The corporation has an annual output of 40 billions of high precison steel balls and 60 billions of other kinds. Over the past years, the corporation has the idea that quality is the lifeline of an enterprise and always put quality as its top priority. The sound and effective management system, job responsibility system have been established. Since the 1990,the corporation has imported two steel balls assembly lines from Japan and sent core technicians to Japan to learn their advanced technology and management methods. Now customers have taken the products from these two assembly lines as substitute of imported products. The steel balls manufactured by the corporation have been awarded products of quality certificate and clinched the title of famous products produced by township enterprises of Jiangsu province. In recent years, through the cooperation with THT professional steel balls manufacture enterprise (Japan), the level of management, manufacturing processes and techniques has been increased continuously. The quality of steel balls is up to the top world-class and earns very good reputation among the steel balls manufacturing companies. In 1997 the corporation had obtained the Certificate ISO9002 Quality System issued by the China Quality Recognition Center, and we had got the certification to self export and import freely from abroad in 2001. Now the corporation has been awarded the Certificate of Recognition by the American QS9000 Quality System as well as TS16949 from UK IRQA in Jan. 2006. After being assessed by the Jiangsu Far Eastern International Certified Valuators Corporation LTd., the corporation is ranked as AAA Enterprise of the year 2003.The manufacturing scale of the corporation is on the list of the ten biggest steel balls manufacturing factories and our quality is one of the top five in China. The corporation positively introduces new technique and material to develop new products and has developed 15 new products, such as stainless steel balls, aluminum and ceramics balls. In addition, the corporation is expanding foreign trade business and its products have been exported to over twenties countries and areas, including America, Japan, Spain, Italy and India, Brazil Australia, Germany, Taiwan, Hongkong, Vietnam and so on.
Don't know if you guys already knew or not because I certainly didn't but, i just found out and was confirmed by investor relations who spoke with the company on the matter, that Wuxi Steel Ball is a subsidiary of CJGH... This is HUGE imo!! Wuxi is massive...
http://www.steel-ball.com/e-gsjj.htm
CJGH >> "The corporation has 350 employees, of which 50 employees are engineers. The corporation occupies an area of 11,000 square meters with 12,000 square meters of factory building, The registed capital is 80,000,000. The corporation has an annual output of 40 billions of high precison steel balls and 60 billions of other kinds.".
seems to be alot of selling going on here...
a ton of shares can be bought up in the .025 range, yet an hour later they sell 200k blocks on the bid at .02 for 20% less... just doesn't make sense...
tough to get the stock going with selling like that going on...