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Got some news from my contact in China but nothing good .
Here is the detail I got .
first of all we where all thinking that
Qiang Ma
Director and President of China Jiangsu Golden Horse Steel
Ball, Inc.
was a women well no its a men .
Ma is the family name .
My contact was able to talk with him but not very much .
Here are the phone answer she got .
They told to my contact that cjgh have no links with wuxi steel balls LTD nothing "they lie due that wuxi steel ball sell products on internet using the same phone number avaible on the china jiangsu golden site "
I asked her to point this fact but she was not able to be in touch with them anymore .
They asked my contact to call the american company they own and where promising to fax her the informations over the american company she need to contact .
She never receveid the promised fax .
My contact have send severals fax without receiving any answer .
I think they where talking from IR karen in America who in fact dont know anything and is only waiting to receive news from china to inform shareholders .
My contact asked for promotional docs on what they sell answer was again no .
The guy promised to call her back he never did .
When my contact try to call one of the directors phone number when they see that she is calling and see the number they dont answer anymore .
My contact tried to get informations if the company was well on the expo in China but for the moment she was not able to have this informations and i personaly think they where not on the show .
So my personal opinion is the company is a scam .
The opinion of my chinese contact was not far to be the same just saying there is something not normal with them .
She never have see that before with a chinese business who dont want to communicate over the business they are doing .
Most of them are very happy to provide informations and so try to sell more .
She promised me to continue to try to be in touch with this director but she doubt the guy will answer her anymore .
GL to all
leole
And the new president of the United States is
Good election day to all american posters :)
Yes the problem is that I dont think they where on the exposition they talked about in the last PR .
My contact in China is looking for information to know if china J was well on the expo or not .
On expo website list no one find them .
My contact got a phone call with Qiang Ma yesterday she explained that anyone is waiting for news of the company .
She got answer that for news on the stock market side she need to call another number .
But she told me that she got apointment to call back Qiang Ma in the afternoon today due that Qiang Ma was in meeting at the time my contact call her .
So I hope I will get something positive tomorrow but I doubt more and more .
yes or to have the company provide informations on second and third quarter good or bad but provide something to show us they dont forgot this company is trading ....
But should they do that we are still dead for 2 more months before to receive this informations .
And again only speculation they are not require to provide anything for the pinksheets market .
So should them no more give news to the market and leave the stock die they are still not illegal lol .....
All look very strange with this company possible she is on holliday period or overloaded with people asking informations or so .
lol :) it will now trade like 1 month back between 0.018 and 0.023 for some days then a litle run will happen anyone will flip at 0.0035 and we will go down to 0.0009 .
lol :) exactly like all the time
Yes with luck you can see 0.0003 or 0.0004 but will be difficult .
Well I can afford to wait no problem I hope at 0.0002 my shares will be sold under 2 weeks ,will only lose the cost due that I got them at 0.0002 but with the EUR/USD change that will cover the cost and allow me to take 100usd profit or so .
When I see the bid reducing more sure I will sell before to be locked with the shares .
Also I think its lowering due of dilution .
Our good life friends are 40% up with the story they received today lol
I think like you some years back China was looking to be the new business paradise now it look more to be the hell .
People work like slave producers think only about money and dont care about the quality of products .
Now the milk killing babies,the eggs,false EU stamp on products for dangerous electrical parts ,false car break etc etc etc .
And I dont talk from the freedom of speech .
This country is the kingdom of the copy also should china jiangsu realy exist dont think about the quality of balls they most probably produce .
They overload America and Europe with poor quality products we buy there and we do not produce anything inside anymore .
That is not good for the future more and more people losing job due that no one can fight against a worker working 12h day 6 days week for 200$ month in China .
Let's hope the quarterly report come soon here .
want to see if the new CEO realy worked hard to have this one moving up .
Surf I dont think so anymore the bid is lowering in some months or weeks this company will be like CLXN ou BNYN .
No bid anymore , O/S too big for a company providing nothing to shareholders .
Ask them to move to OTCBB and show us the quarterly report then we will see .
Yes well you see the difference BS company with 25x more share than us and trading at same price .
There is definitively something wrong with cjgh I dont know if this is short or if the shares are manipuled by the company but that is not normal to trade so low with an os so small .
I understand very good I am in this stock since over a year for nothing lose of time and money ,personaly I dont believe in them anymore .
So I move out hope you will be able to make some money over or cut your loss .
Good well I have 5M avaible at 0.0002 if you like as soon someone buy them over as soon you will be happy to not read me on this board anymore :)
I hope for you and I respect that you like to believe in them .
No problem with that .
I will I will and good luck to all people waiting something good from this company since one year .
No problem I have 5M shares to sell at 0.0002 when done you will never more hear me on a pink company .
I still need to sell some shares from another pink scam then will try my luck on microcap from the otcbb market only .
At last I will have something to read for my money not like on the pink .
Its so easy to scam people on this pink market .
You create a BS company LLC in the usa with 1000 usd
You pay the cost to a market maker to add your company on the pink sheets with no any buck income .
Will cost between 10k and 15k usd to be traded and get a symbol .
And your BS company begin to trade with no assets no project no customer nothing .
You need to pay 1000$ usd yearly to post so many PR you like with a one time 100$ for any news posted .
In the news you post anything you like drink some beers and let your imagination work when done , send a fax to pink and that's it .
I will create a new company "hollidays on the moon LLC " and ask to be quoted on the pink lol .
If people believe the lie news I post and are stupid to buy shares that will not be my problem .
Possible I will never go to the moon but I will for sure drive a very big nice car with your money lol ...
And you take the money over without need to provide any quarterly report no financials no news no current address on the pinksheets site no current OS on the pinksheets site .
This all legal with the pink .
There is only one word to call this market
Scamers .
OTCBB is called a bad and risky market but so bad than the pink is not possible this is the worst market in the world .
I have hard to understand that the american Gov accept to have companies trading with not any warranty for shareholders .
But ok we can not rebuild the world just learn from mistake and prevent to make to many time the same mistake .
Personaly this was my last buy on this market the day I move out i dont spent any cent anymore on this BS pink market .
If this company was serious she was trading on the otcbb market with quarterly reports for shareholders .
Here the only informations you can have is what the CEO say but they dont fill quarterly reports lol ... how do you want to have any realistic view on the accounting of the company ?
This is like this since over a year it will all time happen later .
Before the summer is was at end of the summer with tv show now its the 25 then it will be for christmas etc etc etc .
When you watch another chinese company good life .... anyone know them .
This company have 888M O/S 25x more than the os of china jiangsu and trade at the same price we trade with 36M O/S .
There is definitively something not normal this is realy looking like they lied and the O/S is very bigger that what they said .
Hey Surf
I checked the O/S of the company when they talked about the buy back of the shares I am not 100% sure anymore but the O/S was like 500M shares .
When you check now the O/S is 1B500M shares .
If the company dont sold shares on the market please explain me who sold this extra Billion shares ?
Explain me how to O/S could be changed from 500M to 1B500M without having the CEO or "the company" sell any shares .
What are these shares then ??
I know you are not a bad guy surf but a fact is a fact .
This billion shares more on the O/S was not added by merlin the wizzard .
And the poor support we have at 0.0001 now is not for no reason ,not only the difficult time on the market .
He diluted shares and sold at lot at 0.0001 .
The problem now is all these people who got shares at 0.0001 and fliping at 0.0002 .
Yes the difference with USD/EUR is lowering
Live rates at 2008.10.29 09:33:16 UTC
1,000.00 EUR = 1,274.27 USD
Euro United States Dollars
1 EUR = 1.27427 USD 1 USD = 0.784765 EUR
Not bad for me this allow me to cut my loss with some pink scams .
around the 20 of november normaly
Sure and if the company sell 10 units on this expo they will need to dilute 500M shares more to pay the 10 units .
The problem is that most buyers are gone ,the bid is lowering and I understand people who moved out .
Nothing good will come out this company they finance business 100% with dilution when no one will buy shares anymore the company will die like a lot of other .
Explain me please how we should call a company who made a press release who stated the company will buy back 100M shares and that one month later sell one billion ?
this is like roulette play nothing more .
I like to invest in microcap sometimes you win sometimes you lose .
But next time I will invest in a company who report on the otcbb .
I will at last have something to read for my money .
Pink was my last time any wonderful a company could be if she trade on the pink will not be for me anymore .
yes I sold a part of my position losing 1300 usd I keep some shares in case of a run to try cut my loss .
But I move out the pink I have shares from another pink scam and I sold them too .
Will look to invest in a reporting company next time .
Yes or better I hope
You completely "crazy" like all the time surf .
Be happy if you can sell your shares at 0.0002
Ask to the CEO to buy back the shares he sold to pay this worst tv campaign and reduce the O/S to less than 1b .
Its so easy to scam people on this pink market .
You create a BS company LLC in the usa with 1000 usd
You pay the cost to a market maker to add your company on the pink sheets with no any buck income .
Will cost between 10k and 15k usd to be traded and get a symbol .
And your BS company begin to trade with no assets no project no customer nothing .
You need to pay 1000$ usd yearly to post so many PR you like with a one time 100$ for any news posted .
In the news you post anything you like drink some beers and let your imagination work when done , send a fax to pink and that's it .
I will create a new company "hollidays on the moon LLC " and ask to be quoted on the pink lol .
If people believe the lie news I post and are stupid to buy shares that will not be my problem .
Possible I will never go to the moon but I will for sure drive a very big nice car with your money lol ...
And you take the money over without need to provide any quarterly report no financials no news no current address on the pinksheets site no current OS on the pinksheets site .
This all legal with the pink .
There is only one word to call this market
Scamers .
OTCBB is called a bad and risky market but so bad than the pink is not possible this is the worst market in the world .
I have hard to understand that the american Gov accept to have companies trading with not any warranty for shareholders .
But ok we can not rebuild the world just learn from mistake and prevent to make to many time the same mistake .
Personaly this was my last buy on this market the day I move out i dont spent any cent anymore on this BS pink market .
Just for info I run a productive business in Europe and we make more money over than a lot of companies trading on the pink with billions of shares at 0.0001 or 0.0002
And we are not on the public market .
Would I push my company on the market I trade on the otcBB we fill quarterly report and we will trade on a better price that all these scams .
Also I bet the financials provided by the company are the wuxi steel ball ltd financials .
This explain how it was possible for this company to make that much money and millions over without to be able to find any evidence of business .
I must agree with you :( They are morons for communications or there is a reason for what happen .
Like push the price so deeply possible to finaly buy back the shares for nothing .
Yes but then at this time we will be able to sell and move out losing less money .
So this is what I will wait due that there will be no other choice .
If they want to dilute shares , they will need to post great news to have the PPS go higher .
And at the price we trade they will need to post more than one .
The fabulous should be china Jiangsu Golden change from name to Wuxi Steel Ball Ltd and become officialy Wuxi on the stock market .
Also this could explain wy they raised the A/S to 500M without selling shares on the market .
Raise to A/S to 500M without dilute shares is a non sense for a scam company .
And they did not so I dont think we may call them scam .
This could also explain the 20M restricted shares like wuxi take over all the company over and left 20M restricted to the old ceo for exemple .
Also make a count if the A/S was still 100M and the O/S 36M
+ 20M restricted shares .
What do this mean ?
Well that when the restricted shares will be sold on the open market + the OS some one could be able to take majority of the shares with 51M of the shares .
And this could also say majority of the shares from Wuxi .
So this make sense to have raise the A/S to 500M to prevent any take over .
Now the price is so low that I will keep my shares and I am not far to own 10% of the O/S with my last rebuy yesterday .
If the company is realy wuxi Steel Ball then I am not afraid anymore to own shares of this mass production businesss .
I can afford to wait months if necessary no problem .
Yes exactly same for me affiliate nothing more .
I have never see any post who stated that china jiangsu golden was finaly Wuxi Steel Ball Ltd .
But possible I missed it .
Now I am sure 100% this is WUXI Steel Ball LTD and who know the A/S could be the sign that something important will happen .
Like the 20M restricted shares .
Or they move out the market for cheap and wuxi steel ball LTD can easy afford to buy back these poor 36m shares on the open market at this price .
Or make a buy back on a fixed price base like 0.01 or 0.02c .
Or when the market time become better become the official stock for Wuxi Steel Ball Ltd alias China Jiangsu Golden Warehouse .
But at this price should them want to honnestly move out the market it will not cost them very much money .
I dont see wy they should scam people if finaly they are realy wuxi steel ball it could also be very bad sign and message for buyers of big store chains in europe and the usa .
Also if they wanted to scam people the company had diluted hundreds of millions shares since long time already .
Also they said to I/R no particular news but they where very busy .
This one will come back to pennyland .
I will wait the end of the year to get financials .
try to find something else
There is a website there is a Email but try to find any evidence of business of this company .
Any promotional tools .. nothing .
But this is not the problem now we know wy this company is wuxi and this name is just a market name .