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Come on Bake, be a team guy and help him cover. Then we can move up.
Getting ready for a new run? MM's reload and move it on up. Sure looks like it.
Totally agree, two little buys at 10k and 25k and it looked like it would take a long time. Then bam, all gone. Looks like Friday's end of day buying was the real deal. This is showing itself to be a strong move so far.
Congrats to all who held through the dip. May your reward be a huge one!
Meh. They caved on the last Suit because they needed Pilot Mountain money to get NR producing. This Suit, they'll stall, obfuscate, bite, spit and fight.
You're right it wasn't massive volume but look at the volume end of day. Around 300k sold and a wide spread through 2/3's of the day and the last hour 700K sold, the bid came up to the ask and had size. After the nice 300K bid at .0145 disappeared, someone bought up through .016. Monday should be interesting.
Here's the trades for the last hour of the day, over 700K:
15:53:19 0.016 10000 OTO
15:49:26 0.016 10000 OTO
15:48:52 0.015 130000 OTO
15:48:22 0.016 25000 OTO
15:48:16 0.015 5000 OTO
15:48:03 0.015 15000 OTO
15:47:58 0.015 43982 OTO
15:47:49 0.015 88100 OTO
15:47:39 0.0147 5200 OTO
15:47:11 0.0147 63198 OTO
15:42:05 0.0145 20000 OTO
15:35:32 0.0145 115419 OTO
15:35:29 0.0145 40000 OTO
15:34:55 0.0145 7000 OTO
15:32:49 0.0145 5000 OTO
15:20:27 0.0106 80000 OTO
15:20:17 0.0108 5000 OTO
15:19:29 0.0146 5000 OTO
15:19:16 0.0146 25400 OTO
15:08:23 0.011 10000 OTO
By the way, we suddenly have a very nice looking chart, especially with today's hammer. All that talk by some of .007 being imminent looks less likely.
2005 on a spike:
http://www.otcmarkets.com/stock/PCFG/chart
Something is up. Bid .155 and ask .16 & over a million shares moved.
All gone, we still have a seller. Looked good for a bit with the bid/ask tight and some decent sized numbers. Probably one of the disgruntled folks that said they'd be lightening up over a penny.
Wow, the Bid just went ballistic in price and size. Someone looks serious, wonder why?
foxwoodsfan
Share
Wednesday, December 21, 2011 8:00:30 PM
Re: None
Post # of 81482
And this one posted today:
Quote:
Lab Processing
About the Job
Positions available at Blackrock Canyon Mine:
Positions available are a Gold and lab processing position and operators.
You can apply by sending your resume to XXXXXXXXX@pacificgoldcorp.com or fax your resume to XXX-XXX-XXXX.
You may also apply in person at 8645 Hwy 306, Crescent Valley, NV 89821.
Exactly right, nice call.
CTCC there's an 8K out.
700K may be nothing in terms of money but its huge in comparision to the volume of the past few days. With absence of the huge seller of the past month, this may have a chance to turn itself around.
The exact opposite of what you postulate: "That's 7k USD. A single normal shareholder can take these out in a minute." could also happen.
This isn't the one sided issue you present, it's two sided.
It's watch time to see who blinks IMO.
Hey DeeDog, this is tough to read without any volume. The wide spread won't allow for any market liquidity, something the SEC wants the MM's to provide. Nice work guys. When they decide to close the gap and we get some volume coming in, we'll see where this is headed.
It's nice to see the strong selling of the last month has eased off.
Best of luck to you.
It's usually very painful just before a big run and we're certainly seeing that here.
Here's an interesting article on the state of Wall Street:
http://epicureandealmaker.blogspot.com/2012/03/hypocrisy-as-business-model.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fepicureandealmaker+%28The+Epicurean+Dealmaker%29&utm_content=Google+Feedfetcher
When they get all the shares they want and we get an "event" they'll run it. Until then, the elephant sits on the ask scaring some into selling at the bid.
Interesting chart right now. Accum continues to be long trending healthy and strong. MACD has crossed to positive but is on virtually no volume so is highly suspect. RSI has also turned positive but the weak volume is again the issue, don't believe it. The heavy sales and downward pressure from weeks of a huge Ask always sitting just above the bid is missing the last couple of days. It looks like several bid sitters just waiting for the impatient to drop them some shares. Definitely on watch.
Here's a site, China Analyst, that rates U.S. listed Chinese stocks. LGHS isn't found on this groups listings but would be ranked 93rd on the PE list.
http://www.cnanalyst.com/pe
Back at ya!
Buyers & sellers waited for tomorrow's 10K and ignored today IMO. Here's to MB&P having everything ready for tomorrow. They replaced Malone/Bailey on January 20th so it's a short processing period for them. With their resources, it better happen.
Agreed, hoping some guidance will wake this sleepy head up.
For firms with revenue over $75mm and under $700mm, 10K filings are due 75 days after the end of the fourth quarter. With Feb being 29 days this year plus Jan's 31, it should be filed tomorrow.
http://www.sec.gov/answers/form10k.htm
Funny indeed.
More Marcum info. They expanded their Chinese staff in 2010. They were taking private Chinese firms public:
Oct 2010 NEWS??
Marcum Bernstein & Pinchuk LLP Expands China Presence
Marcum Bernstein & Pinchuk is pleased to announce the further expansion of its China practice, establishing a presence in Hangzhou to service the greater Zhejiang Province with its population of over 8 million inhabitants.
In addition, Marcum Bernstein & Pinchuk recently added 15 senior audit staff to augment the firm’s presence in Beijing and Guangzhou to service the more than 20 private Chinese companies that are seeking public status in the United States.
“The growing number of Chinese companies requiring the multinational reach of Marcum Bernstein & Pinchuk, combined with our local presence and the expertise of our staff, has driven our expansion in China,” said Drew Bernstein, Partner of Marcum Bernstein & Pinchuk LLP “All of our staff members have Big 4 experience and are well versed in US GAAP and the requirements necessary to achieve public status in the U.S.”
Marcum Bernstein & Pinchuk provides a full range of audit and assurance, tax and transaction advisory services for clients in a variety of industries throughout the world. With offices in New York, Beijing, Guangzhou, and Hangzhou, Marcum Bernstein & Pinchuk provides the expertise, cultural understanding and support needed to efficiently serve and advise our clients.
http://www.marcumbp.com/news-2010-03-15-expand
LOL, yea .03 is definitely massive. Nice one.
Nice grab, near the low of the day.
IMO, here's the reason LGHS recently changed to Marcum, Bernstein & Pinkus as their auditor. MB&P was a sponsor in the Roth Capital Chinaventure last October. Yes, the same Roth Capital seminar that Longhai's Steve Ross is attending in the U.S. this week. It appears that MB&P, the 15th largest accountancy firm in the U.S., is an expert on Chinese relations and business.
http://marcumbp.com/news-2011-10-18
Marcum Bernstein & Pinchuk to Sponsor the ROTH Capital – ChinaVenture Investment Conference 2011 in Beijing
New York, October 18, 2011 – Marcum Bernstein & Pinchuk LLP (MarcumBP), an international group of professionals providing audit and assurance, tax and transaction advisory services, today announced their participation as sponsors of the ROTH Capital - ChinaVenture Investment Conference 2011 to be held October 26th - 27th in Beijing, China at the JW Marriott Hotel.
Drew Bernstein, Co-Managing Partner of MarcumBP, will participate as an expert speaker on the following industry panel on site at the conference:
Panel Title: "Overseas Listings - A New Standard and the Road to Recovery"
Mr. Bernstein and other industry panelists will cover a range of timely topics, including perspectives on what is needed to rebuild investor confidence in small- and mid-cap Chinese equities and drive recovery in valuation multiples on foreign exchanges. The panel will be moderated by John Ma, Head of Asia Equity Capital Markets and Chief Representative of ROTH Capital Partners' Representative Office in Shanghai, China.
Time: Thursday, October 27th at 3:50 p.m.
The theme of this fifth annual conference co-hosted by ROTH Capital and ChinaVenture is "Value Discovery After an Extraordinary Influx of Capital". Anticipated attendees will include more than 600 participants, consisting of private equity and venture capital professionals and members of Chinese company management.
As a sponsor of the conference, Marcum and MarcumBP will host an on-site exhibit booth at the event. To register or for more information regarding this conference please visit: http://events.chinaventure.com.cn/2011bj_en/index.shtml.
About Marcum Bernstein & Pinchuk LLP
Marcum Bernstein & Pinchuk (MarcumBP), a PCAOB-registered firm, provides a full range of audit and assurance, tax and transaction advisory services for clients in a variety of industries throughout the world. With offices in New York, Beijing, Hong Kong, Guangzhou, Shanghai and Hangzhou, MarcumBP provides the expertise, cultural understanding and support needed to efficiently serve and advise our clients. MarcumBP currently provides services to over 30 clients in the China market.
I didn't expect to be able to add more shares after the earnings pre-announcement. I was wrong, thanks to all who made more shares possible.
Here's to you making a bundle on your newest acquisition!
Looks like some short covering to me. They've been holding this in range for weeks. Yesterday they need 85% short sales to continue holding us here and today they move it down and a big 700K sell goes
to some bidder. Wonder if we see after hours T sales.
Seems pretty obvious we have some who are selling a few shares into the rise. It's all pretty normal. We went up on big volume and we're easing down on very small volume. The 10K is still to follow along with some guidance. The valuation on this is still a joke by the way.
Nice work. Thanks for the reply!
Thanks. Liked several items in his response.
He remains in the U.S. which continues to provide an "outsiders" view of his Chinese firm.
He's focused specifically on options to repair known "issues".
They're being very proactive, as shown by the steps they've already taken, "using best practice steps in corporate management", "transparency", "the new board" and "the new accounting firm".
Educating himself as to any additional options that will create greater viability for LGHS.
A willingness to work to ensure that a shareholder has a comfort level in the progress of the company.
Looks to me like a NASDAQ listing is a real prority.
I emailed Steve Ross the following today:
Dear Sir,
As a shareholder, it was gratifying seeing the PR from last week providing insight into LGHS's rapid growth and 4th quarter earnings. Thank you for the guidance.
Based on the current PPS of $1.30, this places LGHS's PE ratio at .54, a completely ludicrous market valuation for any legitimate firm in a solid business sector and growing rapidly. LGHS is valued at about 1/10 the average PE for a U.S. listed Chinese stock.
There have been huge legitimacy issues with many Chinese securities termed as "variable interest equity" or VIE by U.S. standards? Many have misreported or overstated earnings. How can LGHS combat this problem, achieve legitimacy with the U.S. markets and achieve a fair market value in your opinion.
Thank you for any feedback,
Airdale
His response:
Airdale,
Thanks for your support of Longhai. Interesting enough, I am actually at the Roth Capital Conference until mid-week, and a major conference focus is on China, Chinese public companies and the points you raised. Most of the "China experts" are here, as well as a considerable number of public Chinese companies. I can provide a bit more thorough response later in the week, or catch up by phone if you like (my office number in California is
xxx-xxx-xxxx), but the short answer from everyone is to take exactly the steps Longhai has been: to differentiate the business through best practices in corporate governance and transparency, so that investors can have confidence in how the company is being run and reported. The new Board, new accounting firm and increased visibility are all necessary steps to have Longhai approach fair value. It is a terrific business, well-managed and
with significant upside, and I am confident we will get to where we should be as a public company.
Best regards,
Steve
The website for Ross's conference: http://www.roth.com/main/Page.aspx?PageID=7005
Could you spam your post on about 20 boards. Warped but crazy funny!
Shares are very tight. I waited four minutes to get shares at the ask of .33 with shares showing for sale.
They issued a PR with the 4th quarters projected numbers. The 10K should be out before the 31st and the numbers are huge.
Should be around May 15th, just two months away.
Woohoo, our PE is up to .61. Yea, POINT six one. What a laugh. We're only 820% below reaching the average Chinese price to earnings ration. Of course The lagging PE will be further out of balance when the first quarter results are announced.
Not worried about you being "stubbord" but that nasty cold you've got is concerning. Just Kidding. Best of luck to you!!!!!!
A lot of value here for the price, crazy.