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Congrats. Any volume and we take off!
Estimated Market Cap $98,649 as of Jan 28, 2009.
http://pinksheets.com/pink/quote/quote.jsp?symbol=INBG
What's up with the audit? IR should at least PR the investor community about this lengthy delay, IMO.
Good morning all!
Looks like somethings happening.Maybe the pot is starting to boil?
Looks like a lot of BUYS coming in.Share being taken gobbled up at 0.0002.
I prefer year of...
the panel!
OOPS! Sorry!
60
2-4-6-8-10-12-14-16-18-20-22-24-26-28-30-32-34-36-38-40
How can you have anything other than silence when you have an IR dept that doesn't respond to investors e-mails or return their calls?
Maybe Yeung is very busy behind the scenes. Seems that's all we can hope for at this point.
2-4-6-8-10-12
Anyone speak to IR? They don't respond to my e-mails. I would have thought that the Audit should have been out already.
BUYS are nice, but we need news.
Welcome aboard GEDI!
1-3-6-7-9-12-13-15-18-19-21-24
$11.00. SWEET!
Massive quake rebuild holds key for China economy
Reuters
updated 10:07 p.m. ET, Sun., Dec. 28, 2008
By Simon Rabinovitch
ANXIAN, China (Reuters) -- In 80 seconds of shaking, China's devastating earthquake earlier this year cut a swathe of death and destruction through remote hilly towns.
In a recovery that will take years, the whole country's prosperity is at stake.
Quake reconstruction is a central plank of the government's stimulus plan for the ailing Chinese economy, set to take one-quarter of Beijing's promised 4 trillion yuan ($580 billion) spending boost and to create millions of sorely needed jobs.
Already, the disaster zone has been transformed into a vast, manic construction site, a trail of bricks, steel and cement coursing through its heart, those made homeless hammering away to reverse their fate and entrepreneurs from far-flung corners of the country attracted by the whiff of profit in calamity.
"I've been doing this job for about 20 years and I've never seen things so busy," said Zhao Renjun, bending steel girders into shape on a construction site in Anxian county, part of the huge area rocked by the May 12 earthquake that killed more than 80,000 people in China's southwest.
"I haven't had time to fix my own house. I've been so busy working for others," he said.
A partial list of needs includes 4.5 million homes, 51,000 kms (31,690 miles) of roads and 5,500 kms (3,418 miles) of railways -- enough to occupy at least some of the 20 million people who could lose jobs in China's once-humming export factories hit by the global slowdown.
The feverish activity inspires confidence about the financial muscle of the state and the vigor of the economy that it is trying to nurse back to health, but it also carries warning signs of the corruption, waste and unforeseen complications that are already dogging China's economic plans.
COMPLICATIONS
"Because everyone is building, prices for materials have shot up," said Liu Siyin, 34, taking a break from hauling buckets of cement on a shoulder pole at his quake-damaged home.
"We can't buy everything we need now and we might have to stop building for a while," he said. "We really wish the government could control prices."
Liu had just started laying bricks for the second-floor wall of his house up a treacherous mountain road.
Only half joking, he said fast-inflating material costs would neutralize his 50,000 yuan interest-free loan from the government for rebuilding. Bricks and cement from local vendors have trebled in price in just a few months.
Some local authorities, such as the city government in Mianyang, have vowed to crack down on price gouging.
However, a degree of price increases is exactly what the government wants. As with the stimulus package for the wider economy, Beijing is providing a huge pot of cash to kick off quake reconstruction but expects to lure private businesses into the fold, to have the investment momentum spread more widely.
A profit-chasing zeal has already been unleashed.
Piles of bricks, bundles of steel girders, wood boards and small concrete mixers -- all for sale -- line the narrow highways in the disaster zone, many in front of makeshift shops set up by entrepreneurs from Chongqing, a huge city 350 kms (217 miles) to the east.
Some have come from much further afield.
Tang Qinghua, a young energetic man with close-cropped hair, said his last job had been selling apartments in Shenzhen, the one-time boomtown across from Hong Kong where property prices have dropped by nearly 20 percent over the past year.
He and two friends now ply rutted back roads in a small van to drum up customers for their selection of tiles -- green, white and clay, glazed and unglazed, interior and exterior.
"People have no choice here. They have to rebuild. And we're making a contribution, helping them out," Tang said.
CORRUPTION WORRIES
Glimpses of a darker side to the reconstruction effort have come through in official reports.
Any country in the world that throws so much cash at disaster recovery, when urgency overwhelms usual budgetary checks and balances, must contend with mismanagement and outright theft.
China, which has long struggled to rein in corruption, is no exception. Small, isolated cases have been publicized so far.
A national audit found that a half-dozen villages had improperly spent subsidies meant for quake victims, or demanded illegal reconstruction fees. An investigation in Chongqing concluded that a hospital had sold donated medicine for profit.
A little more than one month after the quake, the National Bureau of Corruption Prevention said it had already received more than 1,000 complaints from the public and punished 43 officials.
Aid agencies lavished praise on China for mobilizing rescue workers just minutes after the 7.9 magnitude quake reduced homes, schools and offices to rubble. It was China's worst earthquake in three decades.
The planning and oversight required in the next three years, during which the government has pledged to spend 1 trillion yuan on rebuilding, may prove more vexing.
"There has to be a process. We want it to be fast but not too fast, not too rushed," said Tan Li, Communist Party secretary of Mianyang. "Things have to be well built, to proper standards."
Getting it right in the quake zone is a critical part of China's bigger plan for reviving its economy.
The torrent of investment flowing toward reconstruction and the country's interior more broadly should transform inland provinces into China's growth engine in 2009, as the coastal factories that have long propelled the country struggle, Standard Chartered Bank economists say.
But among the cranes and steamrollers, brick layers and steel workers now busily rebuilding, there is one place that is completely silent. The jagged buildings and boulder-strewn roads at the epicenter of the earthquake in Beichuan are untouched, preserved as an open-air memorial to the tens of thousands who died that May afternoon when the earth shook so violently.
Copyright 2008 Reuters. Click for restrictions.
URL: http://www.msnbc.msn.com/id/28412191/
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© 2009 MSNBC.com
http://www.msnbc.msn.com/id/28412191/
China's Hu calls for faster rebuilding in Sichuan - Dec 30, 2008
BEIJING (AP) — China's president called for faster reconstruction during a visit to the devastated Sichuan province where many victims of May's massive earthquake are facing a cold winter.
President Hu Jintao spent three days in Sichuan, state media said Tuesday, visiting victims, relief projects, and inspecting rebuilding work in the area surrounding Wenchuan, the epicenter of the 7.9 magnitude quake that left nearly 90,000 people dead or missing.
The start of winter has brought further misery for thousands of people living in tents and other temporary housing.
"The most important thing is to make sure all people are housed, have clothes and quilts to resist the cold, have enough food for the winter and coming spring, and that medical services and epidemic prevention are in place," Hu was quoted as saying by the official Xinhua News Agency.
The visit, which began Saturday, was Hu's second trip to Sichuan since the May 12 earthquake, which flattened tens of thousands of buildings, schools and homes, leaving millions without proper shelter.
Hosted by Copyright © 2009 The Associated Press. All rights reserved.
http://www.google.com/hostednews/ap/article/ALeqM5gdspdDB0WaMv_An4A-NvHB_DwmCwD95DBIKG1
Happy New Year all!
1-3-6-8-10-11-13-15-17-20-22-24
Thanks, Same to you and everyone else!
Detroit please!
49ERS Please!
Please change my pick for this week to the WASHINGTON REDSKINS.
Thanks!
China to fund just 20% of earthquake rebuilding
By Jamil Anderlini in Beijing
Friday Nov 21 2008 12:55
The Chinese government will fund just a fifth of the estimated Rmb3,000bn cost of reconstruction and development in earthquake-affected Sichuan, leaving businesses and state-owned banks to pay for the rest, provincial officials said on Friday.
Even as economic officials issue warnings that China's economy is cooling much faster than expected as a result of the global crisis, Sichuan officials said they were optimistic that state-owned companies and the private sector would invest in the disaster zone.
"The government's investment will encourage all kinds of investment from society to help us rebuild Sichuan after the quake," said Wei Hong, executive vice-governor of Sichuan Province, at a press conference.
"We will seek loans from domestic banks, financing from capital markets and donations from the public to make up the rest of the needed investment."
The government appears to be ordering state-owned banks to shoulder much of the burden of a giant fiscal stimulus package announced last week at a time when they face slowing profits and rising bad loans.
China's benchmark stock index has fallen by nearly 70 per cent from the peak it reached last October and regulators have effectively suspended approvals for new listings.
Mr Wei said Sichuan needed around Rmb3,000bn ($439bn, €350bn, £297bn) of investment by the end of 2010 to rebuild and meet economic growth targets, but the government would provide only about 20 per cent of that amount.
The comments came in a week in which thousands of disgruntled citizens rioted in neighbouring Gansu Province in an area badly hit by the May 12 earthquake.
On Monday and Tuesday a protest over forced relocations in Longnan City descended into a full-blown riot, with protesters attacking Communist party offices and fighting police with iron bars stones and axes, according to government reports on the incident.
More than 60 police officers and citizens were badly injured in the riot, which led to 30 arrests, according to Chinese state media.
Official government reports on the incident linked it with the earthquake in nearby Sichuan, saying post-earthquake reconstruction work in Longnan was "very onerous" and a number of key projects were only just beginning.
Asked whether the Sichuan government had made any preparations for protests or riots over the slow pace of reconstruction or unpaid government compensation, Mr Wei said people in the disaster area were fully satisfied by government efforts to restore homes and living conditions.
"Our cadres at various levels have the confidence and capacity to help the general public resolve their problems and difficulties," he said.
With winter fast approaching Sichuan officials acknowledged quake-afflicted areas were reporting shortages of basic necessities, including clothing, bedding and even food as well as adequate shelter for some of the 5.16m households whose homes were destroyed or damaged.
http://us.ft.com/ftgateway/superpage.ft?news_id=fto112120081305383565&page=2
FFF, Looks like you're still watching and waiting for the bottom.
Almost 6 million shares traded. Still mostly BUYS?
J-E-T-S- JETS JETS JETS!
JETS PLEASE!
Good luck! I hope we see where we head soon enough.
More volume coming in.
$9.42 Nice moving!
Have a good weekend all!
Agreed Gedi. We know why people are still visiting this board, and it's not because they like us "longs"!
November 30, 2008 is now pasted. I hope we see news on the audit this week.
"The audit is progressing and is expected to be completed on or about November 30, 2008. All financial figures mentioned in this press release are subject to finalization by our PCAOB approved SEC auditor, Albert Wong & Company"
http://pinksheets.com/pink/quote/quote.jsp?symbol=INBG
COLTS please!
Baltimore please! HAPPY THANKSGIVING ALL!
HAPPY THANKSGIVING ALL!
$8.78. Not bad!
Nice time to BUY!
Filing due out 11/24 A/H
http://biz.yahoo.com/cc/0/99310.html