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Its insider manipulation that makes the PPS run on hot air! Would be happy to get rid of it if it ever gets back to 0.008 without making any profits too. Still waiting after 1 year & 2 months.
China is celebrating its Chinese New Year on Jan 26 & they have a mandatory one week holiday so I guess CEO is not around. No news till 1st week of Feb or later looks like it.
Nope not me. If you browse thru these postings, you will find out that Chin is NOT contactable via email or phone. So, it reinforces our belief as existing shareholders that he is bluffing his way thru all his new biz ventures whatever it is be it iron ore, solar or whatever he is cooking up next!
That's right! When Chin needs Pocket Money, he gets it from us!
Good or bad news on audit? Might just buy more on 0.0001 down to triple zeros ones if its bad news. With good news amidst bad economies both here & in China, I wonder if ever it will make a meteoric rise?
She is not running a commercial enterprise with responsibility to shareholders. That is the difference, so Raymond Chin & Co are scumbags.
elbiatcho1, great detective work! Hotmail account only shows what scumbags they are conning us shareholders!
Agree on the buyback but it will be a miserly push up in PPS, guesstimate around 0.0005+, still in triple zeros. Of course, I am hoping for more at least to double zeros so that I can sell off my lot but still at a loss. I have given up hope of this altogether. All the CEO wants is pocket money to fund his lifestyle so he cooks up scam after scam.
Does anyone live in China & could just see whether Solartech really exists? Physically that is.
My worst fear is that they may have aborted the audit somewhere in the process due to the economic crisis both here & in China. Could be that they are trying to figure out how to inform the shareholders in the next PR & what biz plan action to take if project is off. That is if there are any biz plans!
Same position as you. Trying to average down, to buy target @0.0002. Am already at a loss so I need to salvage that. Yes, I know some are saying that it would not hit that price but then you never know.
Still no contracts to date so that's very worrying and where is further financing coming from for the factory in China if audit is approved? They still need to retool some stuff there & that needs money & to pay the workers.
R/S and I will throw the sink at them!
Yes, I know! But is it really true? To whom did they speak to at Deutsche Bank since its so big with so many operations in many countries? Which country Deutsche Bank did they approach? Here or in Asia or in Frankfurt?
Its all very vague & yes I am deeply suspicious of Chin now after his iron ore fiasco. As quite a lot of forumers have mentioned its another way for him to prop up his piggy bank.
I just want to recoup what I put in which is still far away! I just cannot understand why these PKs just cannot play the honesty game & let's make good honest money instead of conducting one fleece scheme after another. After all, principal owners & shareholders all have to gain from a well managed company.
Your article is outdated in 2007. The world has since changed with the world in recession including Europe & Deutsche Bank is having its own problems too!
Raymond Chin clinging to straws? Seems to me that his PR today about solar ventures in Europe is a tad too desperate to get innocent shareholders to cough up more money for his piggy bank!
So he says no reverse split. Hope he abides by it. But as for getting venture capital, its tough man, who wants to lend money nowadays?
Europe is in a recession. Solar energy is one of the most expensive start ups ever. Those solar panels costs a bomb.
Come on, Raymond, if the iron ore mine in China is not handled well, how do you expect this solar thingy to go?
I want my money back! I'm still waiting to see this go up above 0.001 which I bought into! Two zeros, the unlucky one and still waiting!
Another scam cooked up by our dear CEO! What with commodity prices falling like dominos, he has has now cooked up this solar thingy to attract a new batch of investors. Notice the speed he has in bringing this PR out once he realized commodity is no longer the flavor of the moment & that iron ore mine in China whether it exits or not is still anyone's guess.
Been in this & still have not got rid of it cos I bought it at a high price of 0.001, the 2 zeros. Now its 3 zeros for a long while. My gut tells me that the solar thingy is just a figment of the CEO's imagination just like the iron ore mine in China to fleece us of our money!
abbytraderwin, you have been giving your chart analysis forever BUT and the BIG BUT is it would have taken off like a rocket if one were to follow your charts. Instead, its lulling at the same old same old & even gone down!
Sure, your charts will work for blue chips but not here for OTCBB. Why? Cos the MMs are taking it down whenever they CAN and they want to. Who arethese MMs? I have no idea. I am just a retail investor like everyone here at the mercy of MMs.
I mentioned in my previous posting that this will come back to 0.0005, the triple zeros & it sure did this week. So good time to load if you want more.
But then its having a hard time going back up contrary to what your chart analysis is telling you that it will go up & up.
The MMs are bidding their time here, they do what suits them, taking it down as its always easier for them to make money this way.
Good luck on your chart analysis cos it will leave you behind if you ever wait for a good signal. Myself, I just want to break even & get outta here when it returns to the price I bought it if it EVER happens, that is if the MMs decide to raise the PPS!
No, it does not! Charts don't count. I am not a new trader been in & out of PKs & OTCBB long enough to know its all based on MM momo NOT charts.
Charts don't figure in OTCBB & PK stocks. They just move according to MMs momo. Plain & simple. Unless you are trading blue chips then yes, charts do play a part.
So back to 0.0005 as expected! Think I will move in to buy some more. May still go lower than 0.0005.
Not one squeak about biz development activities. At least give some updates whether any progress made with Sichuan officials or are they branching off elsewhere in China for biz development activities.
Why wait till audit is completed? Put the chicken before the egg or vice versa? Takes 2 to clap: so get both biz dev going & factory audited at the same time.
Even if the going is tough in the biz dev areas at least give an update & put a positive spin that they are looking elsewhere outside China like Taiwan which is also earthquake prone. I mentioned Taiwan cos looking back at CV of Kenneth Yeung, CEO, he has some working experience in Taiwan too.
CNN says of Hurricane Gustav "59,953 buildings will be destroyed. " So does INBG intends to do any biz right here on American soil??
http://us.cnn.com/2008/US/weather/08/31/gustav/index.html
Yes, we will be revisiting these PPS over the next 60 days. As in my previous post, I have mentioned that it will once again go to the triple zeros, I am aiming for 0.0005 to buy another lot. At this price, not interested in buying still bidding my time cos it will go down. Unless there are solid contracts signed on the dotted line with the Sichuan officials otherwise PPS tanks for the next 60 days.
Huh? Break out?!!! For the next 60 days at least PPS will dip & dip. If it dips till 0.0005, in triple zeros again, I might add on. No contracts yet to date. Its all talk talk show show!
No, its not running hard. Go figure probably need to get the MMs to cooperate but that's like asking them to fly to the moon!!!
Seriously doubt a breakout cos there are no solid deals yet. Sichuan provincial government has not engaged them for any public projects yet, like panels for schools, city town halls or public hospitals! It may be a very very long road ahead the way things are going. Does not help that these Chinese Commies are into corruption, give me money first before we will consider your business proposal!!
Whether you are lying or not, I personally think an R/S is in the works. The question is always when? I found out too late that one of the founders of this crappy company has been denounced as a fraudster by other boards, NO its not Raymond Chin its the other guy, forgot his name. Raymond Chin is the puppet here. Forgot his name but seems to be his modus operandi to scam shareholders.
As its a pinkie, is there any way that FRAUDSTER who manages this company can be reported to the FBI? Anyone working in law enforcement who can start the ball rolling with the FBI?
I think reporting to SEC is futile as I said its a pinkie. FBI has got more clout & warrants a look into this FRAUDSTER & his scams in various companies over the years. He should be locked up for good!
You are so right! PPS is ding dong..ding dong...ding dong.
If I recall, the 10Q will be pathetic as the Rose Best project was dropped & there will be no revenue to report. So unless some insider is aware of some development on the factory getting the final go ahead clearance or the Sichuan officials have roped in INBG in some consultancy role then perhaps we may see PPS making steady progress. Otherwise it may be just hype & back down in PPS again.
Not much use as its only a marginal tweeny smallest increment in PPS. No huge leaps.
Gedi8, forgot to thank you for the PM 2 weeks ago. I don't have the ability to PM you as mine is the free subscription. Anyway, let's hope this thing flies. I am kind of hoping that Beijing Olympics starting on 8 Aug till 17 Aug will help the China plays.
ZzzZzzz....next news in 2009, 5 months' time folks!
I missed buying in at the lows of .000+. So now its back to triple zeros, I may jump in @0.0001 provided there is no R/S. Still find it way too pricey now.
What is the buyout price?
But you just cannot beat the might of MMs who short sell at every opportunity they can. Until they think otherwise, we are only see sawing around this range or going lower. Been here since Jan 08 & seen it all headed downwards.
No, its just day flippers only. Same old action 0.0001 to 0.0002 then back again. Really boring!
Yeah you're right but the way to get around it is under the table money. Corruption is rife in China even though the central government is trying to curb it with not much success. So the only way to do biz is to give in to corruption by handing thick wads of cash to state & county officials. Some American multinationals resort to that too to gain a foothold.
Will Beijing Olympics in early to mid August next month help all China plays get a big boost including this one? By big boost I mean a big jump in PPS to 0.10 for INBG. I know seems too fast too soon but we need MMs to pull this off if willing.
My take on this is that lots of retail investors are playing it for the flip, that's all.
"Final completion of the agreement very soon..." says Raymond Chin, CEO. Very funny Raymond. I take it to mean "very soon" means another 6 months or sometime early next year 2009. Now before any of you new shareholders jump in & say something, take note that I have been a bagholder far much longer than you. Interesting excuses made like snow etc. When I think there is money to be made, as a CEO you should find ways & means to get the due diligence done no matter what!!!
Mr Raymond Chin is toast by Monday 4pm EST if there is NO progress report on the iron ore, no rehash of info please, Mr Chin. In the first place, I found it hard to believe that he will be doing a PR!!!
Anyone been in contact with management lately? What gives on the financing of the factory? Still having problems with funding?