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,,,probably your friend HOGS,,,,,if we do not hear from him, then he was removed from the site,,,,,,so lets have a denial hogs ?
,,,would prefer it not be hogs, but some desperate shorts out there,,,
,,,,its obvious there is no panic selling,,,,considering that siefie has never posted here before plus the curious language she uses " we need your HELP guys ",,,,,makes it look suspect,
,,,BRVO in rally mode after good basing,,,,,,great news driving it,,,,
,,,,the odds are, that it is hoax,,,,,,,,,which may be the best news anyone has heard in last months,,,,,the e-mail did not come thru the normal routes,,,,,,,,the nice part also if it is "HOGS" he will become chopped liver,,,,if its shorts,,,,,wow,,,,apparently they are trapped,,,,finally
,,,,and if it is a hoax,,,,,,,it means we have a large short interest in the stock and they are in panic,,,thats a good thing,,,
,,,take it easy folks,,,,,this may be hoax,,,it must be verified with the auditors before jumping to your sell button,,,,,,,
,,,quiet and staying constructive,,,
,,,,,,re mail,,,,,,,,,indeed courtesy is the opertative word,,,ALWAYS !!!!
,,,,a resounding NO,,,,,,however i have fired off a missive to Fan,,,suggesting again strongly he take this opportunity to do either of the following,,,,release the financials tomorrow,,or speak to shareholders by press release,,,,,,as stocks trade on perception first and numbers second,,,,,this could be his opportunity for some major damage controll,,,,,
,,,,personally i have always believed those kinds of people are at the bottom of the food chain,,,and it doesn`t matter,,,some get lucky with their opinions,,most rarely make money,,,and those smart enough to make money keep their mouths shut,,,,,in otherwards they are gaming sentiment,,,,and single voice is not about sentiment,,,
,,,,,the postive thing about today aside from the excitement of JT,,,is twofold,,,,informed traders know that a stock whose range is greater than the daily range of the previous 9 days is a BUY signal,, the second buy signal is given when that range penetrates the 50 day moving average,,,these are called expansion pivots by most traders,,,,,so lets see whose on the sidelines tomorrow,,,,
,,,,maybe it will hit some screens tonight and generate some interest,,,,,,,,,do not get excited untill you see volume well over a million shares in buying
,,,i have written before about the massive amount of capital postured over in Hong Kong (Asia) all of them looking for opportunities, ( otc.bb would have no bearing if they like what they see )
,,,,hedge fund players would eat the lunch of those types and spit them out as chopped liver,,,,
,,,,What this stock REALLY needs is a smart hedge fund player, who recognizes the fortune that could be made off the stock , first by creating volatility ( thereby attracting traders ) and 2nd to force thru enough volume to attract players further up the food chain,,,,,
,,,,no not crazy,,,,,it would be terrific,,,,alas it has been manipulated for so long,,,,to see traffic and interest and return to the auction dynamic is the best of all choices,
,,,,well lets hope it is not coincidental,,,,,,,companies of course always know more than shareholders, and not obligated to tell them except according now to the new rules of sarbanes/oxley,,,and what news we have received clearly states that their have been issues around the audit,,,,,,with time we might learn what they are,,,and then maybe we won`t,,,,,for sure we are early to this stock, and many have quit in disgust of waiting,,,,,,,,,,2 years ago , headline news about China was sporatic and infrequent,,,what a change today,,,,if CTGLF had remained on nasdaq the history of its stock might have been just the opposite,,,it is unfortunate that by the time most knew the delisting was permanent, the stock price had everyone who might have bailed trapped,,,,,if this company performs it will be discovered,,,, Money is scouring the China landscape looking for the good ones !!!!!
,,,,acutely well stated Krysten,,,,,,,this applies to "productive" activism also,,,,,,,,,,
,,,,,it is a "quid pro quo" struck between the parties ,,,all CEO`s visit their sponsor otc,bb broker,,,,they tell their story and hope for the support of the trading desk,,,,(standard operating procedure for companies coming public thru the back door ( reorganizations and reverse mergers ),,,,,,,the chinese established a fund to buy and to support the market the best they could or was willing to do and at the cheapest without crashing to a sub penny stock, while this vendetta exhausts itself,,,,,its all the same money,,, the "iceburg" method of buying,,,only matches the sales,,,never shows the depth of the fund willing to buy at various prices,,,,,,,
,,,,take note of the tape today,,,,,,,,,and ask yourself who is buying the the stock at the bid ( all sales ) and why cover with 200 shares buys,,,,that is not the way a normal auction system works on a stock,,,,,,
,,,,the release of the financials will have nothing to do with stock rising,,,,,,
,,,,when the selling stops the stock will rise !!!
,,,there is no compelling logic for a seller to sell at these prices knowing what the approx fair value of the CTGLF , as of recent filings,(.30),,,,,,,,its a hositle dynamic playing itself out like a melodrama in our investment,,,,, (this stuff is real folks) when this seller exhausts his inventory then will come your payoff also,,,,,,
,,,,he did that a few times with the encouragment of the pr firm,,,produced no results as it was met with heavy selling,,,so the first question is yes,,,he can if he wants,,,,why doesnt he now ? I do not know,,,so i ask you not if you would,,,,but what would you do IF you were in his shoes as CEO,,,,my speculation is he understands what the real pressure is on his stock (selling) not the lack of propaganda,,,,and he publishes his company blueprint and progress on the CTGLF website,,,,we could speculate the following however;,,,,the chinese place heavy weight on scholastic credentials in their society,,,marks them as part of the elite of their culture,,,the list of credentials of CTGLF management reads longer than any other chinese company list you can find,,,so there is a certain disdain for criticism related to that,,,,he also is a high ranking cadre in the PRC which translates into our language as an ideologue,,,which means their is a certain inflexibilty in the way he thinks of propaganda ,,,also another example he would have paid off the lawsuit he lost instead of nimble legal procedures to avoid it,,,,,and i have listened to some of his inflexibility personally,,,,,none of these things for us is really such a big deal,,,,it might help to think of him as a banker, that is his real vocation,,,, they are mostly precise and conservative,,,and follow their economic , strategic models , plans of action,,,tenaciously,,,,,,,has he dealt with this hostile barrage from Cheong well,,,,who knows,,he surely did not expect to lose the first battle,,,has that derailed his timetable for CTGLF,,,,the obvious is it has,,,,,,,,,however he also is demonstrating that he has the clout and connection to build a Brand,,, so we basicly have a trade off,,,,he can do the job in China,,,,and he is learning the hard way how to do it in America,,,,,
,,,no,,,,nor do i expect one,,,, whatever agenda or reasoning for the delay of financials,,,is pure speculation,,,maybe when they are released we will get a clue from the notes,,the release of the positive profit number was done on purpose to relax shareholders untill the filing is done,,,,,,untill then with some luck maybe the selling will done,,,,when the selling is done the price will rise,,,,
,,,,they got the message,,,,,
,,,thx JT,,,,
,,,villebout and Jt,,,i suggest repectfully that the previous post would be more beneficial to shareholders than the one posted on the banner space,,,,you might consider to exchange them,,,,,,
,,,i do not believe "cooking the books" is a risk with Fan,,,,only ripoff elements of the chinese do that,,,,,,(as well as the americans "REFCO")
,,,,the previous message is part of what Fan would share with you if he knew how in a letter to shareholders,,,,,getting him to quantify contracts,,forget it !!!!!! he will not do that in my estimation,,,,,,( he tried once on a wall street interview and embarressed himself ),,,he won`t try that again,,,,,
,,,,now that all the mail going to Fan is presumebly gone,,,
,,,to the credit of Fan lets examine his mandate, from the PRC to build the National IT Brand (Dichain) into dominance and cutting edge technology , (first he is on course by upgrading DAP with cutting edge security and RFID technology and making it web based and or wireless),,,,
,,,the enormity of building a "BRAND" is not to be underestimated,,,the strategic blueprint to do that requires a distribution presence in key geographical and port locations,,,,those familiar with China geography and as well as the current distribution networks within China can only appreciate the monopoly he has wired with the ministry of communiations,,,in addition the acquistion of SF express is further evidence of his "quanxhi" clout and ability in China to gather the parts that he needs for that "BRAND" dominance,,,,the Xi`an project in the northwest of China gives him the only distribution choice for customers into that area,,,,,,he has already secured all the key ports in the south from Hong Kong thru the south china sea to Beihai,,,,,,,He has a major footprint also in Shanghai the most robust entrepenerial city in mainland china exclusive of Hong Kong,,,,which now has transformed itself into the only Financial and Distribution Hub for International entry into the country,,,,,,,Remember China Merchant Group owns a dominant share of every port of entry into China,,,,,,along with the toll roads of exit from those ports,,,,,,
,,,,From a venture capital prism,,,Fan is executing the blueprint neccesary to indeed become the NATIONAL BRAND OF CHINA,,,,,,,,
,,,From the prism of a shareholder,,,,we all know the western protocals we wish he would execute on ,,,,,however,,,,"it is what it is " and we will have our day in the sun,,,,,,hope you all own enough stock to make it worth the wait !!!!!!
JT
,,,,,my message was mixed with a little spitfire which is personal,,,with some constructive ideas that he might consider,,,
,,,i sent him a link to MOBL as a sample open letter to shareholders from the CEO ,,,suggesting strongly that disclosure bad or good produces a better result than silence,,,,its said in hollywood "publicity is publicity" and any kind good or bad is effective in our culture,,(he went to USC and is most familiar with our entertainment propaganda) ,,,
,,,,and some off the record comments of the Reiser resignation !
http://biz.yahoo.com/prnews/051017/flm011.html?.v=28
,,,,its problematic how much good it does,,,,of the thousands of public companies that trade on the hongkong/shanghai exchanges, rarely will a shareholder manifest their discontent,,,they are masochistic in their silence,,,,,,,so it is somewhat novel for them to receive a lot of shareholder imput,,,,,constructive or otherwise,,,,(hate mail) ,,,,hehe ,,,,anyway the more that send mail,,,the better,,,,for sure it makes them nervous in the office, at minimum,,,,,,
,,,,,do it !!!! that is what shareholder activists do,,,,,
,,,,, i sent a stinger to Fan already,,,,
,,,,JT no way to estimate shares left, however the starting place is at the reorganization time,,,the total outstanding shares were 54 million of DFCT shares,,,how many Horassce had is unkown but all were free trading shares as a result of the merger with the Dichain assets and Horassce owned control of DFCT at that time, it is abundantly clear now how hostile that group was even then,,,,as alan said earliar we discovered this lawsuit last year,,,old news so to speak, and we paid little attention as all companies have lawsuits sooner or later,,,and this one was supposedly put to bed,,,there was one filing right after merger where he filed to sell 5 million or so shares,,,that was a long time ago,(some 18 months now),,,once again only Fan knows how many shares left,,as monthly shareholder reports are usually sent to the CEO from transfer agent,,,,,,
,,,,Now the good news is this supports my belief of a hostile seller,,,,which is a much much much better than any thesis of an offshore naked short operation,(they would be thorn for many months to come,,,,,,,,nevertheless this selling has been going on for so long,,,,,i mean this guy has been selling everyday for months,,,how many left ? anybody`s guess,,,,,,,,
,,,,well done Sunspring!!!!!,,,,,,,,,,we all thought this "asshole" had been put to rest,,,indeed this is the problem and vengence i have been attempting to flush out,,,(it had to be revenge) the tape has acted like no other tape i have seen in many years,,,,,the link to CTGLF is large,,,,he owned control of this company as DFCT and the paper mills (old state assets),,,,no one is accusing him of being a thief in these proceedings but he is the THIEF PRIMARY in the DFCT scandal,,,,,( so much politics in the Hong Kong courts that plenty of money( he is wealthy and not without his own kind of quanxhi in Hong Kong ) and with the right political lawyers can distort things for a long time,,,,,,,,,,,,,,,,,,,,ok,,,,bottom line he is your culprit,,,,he and his lawsuites is the reason for delays in publishing financials,,,,,,,sarbanes/oxley requires disclosure of all such contingent liability and the auditors disagreed with the company lawyers about how to treat it,,,,hence a change in auditors more familiar with sarbanes/oxley,,,,,,,Fan has been delaying ,,,trying to put this to rest,,,,,,Only God knows and Fan Knows how much stock this guy really had and still has as well as his cronies,,(nobody sees those current stockholdrs lists but the Taipan,,,,, now you may begin to understand a how deal was unreachable to take his stock away in a single block purchase privately off the public exchanges,,,,,,,REVENGE CHINESE STYLE HAS BEEN IN PLACE FOR MONTHS,,,,( read any book written by James Clavell on China and you will get it!!! ),,,,,,,,,,,and this too will PASS,,,,,this stock traded higher as shell company around (.20/.30 cents) with no assets save 400 k in cash after the cleanup,,,,,,,,the stock is being arbitrarily depressed attempting to eat up whatever stock this crazy man has at the cheapest of prices,,,,,,,,we will probably read notes to all of the above in the forthcoming financials,,,,,,,MAKE NOTE,,,under sarbanes/oxley Fan is not allowed to speak to shareholders about these things,,,,it can only be reported in Financials as a contingent liability with out commentary,,,,,hence the basic blackout of news,,,,,
,,,,yeah,,,he is a sweet old guy (in his late 70`s),,,,,and being down about the Nasdaq de-listing was a understatement,,,,as he realizes that was his domain,,,,,,,
,,,interesting,,,but you can not do covered short sales on a penny stock,,,,even offshore,,,,,,such thing does not exist
,,,good questions,,,,,,i have been long for two years as are all my clients,,,,we have all averaged down over time and we are all long today,,,,,,
,,,the bullshit around the stock price will come to an end,,,i just do not know when,,,when it does the positive divergence the charts show will slingshot this price beyond all your imaginations,,,
,,,yes Fan is a numbers man,,,ex-cfo of CMG,,,,he has a holding company with tons of Dichain assets,,,,he can add value and revenue to the company financials anytime he wants, he prints his guideline on the website in the investors presentation and so far appears to meet that criteria,,,and whether he chooses to accelerate the revenues probably depends on when he cures this problem with the share price,,,
,,,based on the last filing he told the SEC the company is now profitable after absorbing massive accounting losses from previous assets,,,,he would not state this to the SEC if not accurate,,,not long ago alan webber made a nice spreadsheet presentation on the company growth assuming a 30 percent growth rate the company should carry a multiple of 30 which at a penny put the value the stock at .30 as of March this year,,,,nine months have passed and i expect .03 cents this next fiscal year,,which fair value would peg the price at .90 more or less,,,,,,,needless to say his reporting procedures are going to have to change,,,but i personally believe another agenda has prempted him from doing so,,,( after all he was set to do a roadshow in this past summer that got cancelled abruptly , at that time he actually believed he would be back here in california etc,,),,,,,,so what can i say beyond that,,,,
,,,because a major chinese holder of a blockbuster amount of stock refused to cut a deal for the block at a set price,,,or could not come to an agreement at a compromised price,(this is how its normally done a price is agreed upon and the company makes arrangements for its purchase),,, so the seller said "screw it" and decided to pound the bid to death,,,,,,
,,,( trained psychologist will tell that there are problems with that scenario and i agree ) as anger of any seller over time dissapates and greed periodically sets in,,,therefore would let the share price rise a little and get a better price,,,,not the case with this seller, just relentless selling at the bid regardless of the bid price,,,,,
,,,the only other scenario is what alan and i have disagreed on since beginning of the obvious determined selling,,,that is the existance of naked short sellers offshore whom are famed at this kind of chicanery,,,,
,,,I wish i knew the answer JT,,,,i heard a lot of vomit hit the toilet bowl today,,,but i must remind everyone that they have been watching this tape for months,,,everyone has witnessed the irregularity of the trading tape,,,the most obvious of course were when large amounts of stock hitting the bid and being covered by 200 share orders,,,the stock is arbitrary ,,,that is a given,,,,what has been going on for these months, is either naked shorts killing the price or an angry seller doing his revenge thing, btw the chinese are famous for the revenge tactic,,,,
,,, the bottom line is the price is arbitrary not auction,,,and maybe this price will force the issues to a conclusion whatever they really are,,,,you have printed one of my statements on the site above,,,,it still holds true,,,,,Fan has to take out his private placement holders at a profit,,,,so he apparently believes this is his only way to solve the issue,,,,
,,,,in most cases, the simplest way possible,,,,,the bid of the market maker disappears,,,,
,,,no of course not ,,,,that is not how these things are agreed too,,,
,,, but you can bet that the seller if he has any stock left ,,,wished that he would have cut a deal for it last year,,,
,,,,maybe thats the message of the company to whomever has been selling these last months,,,,,
,,,,Where is the stampeed of selling that should accompany a 20 percent
drop in the share price ?