CHGY update from Northen...He spoke with the company so it appears that everything is moving forward from 12/20:
Just talked to new CFO, Mr. Alex Kong. The previous CFO, Mr. Xu, is currently staying at home, recovering from his sickness. Alex is only woking for CHGY as the new CFO.
According to him, CHGY coal prodcution is running smoothly in November and December so far and at full production. CHGY has been running at full prodcution since early August. CHGY is performing very well from business point of view.
The company is panning to do road shows, attend investment conferences, and earning conference calls starting from early next year. He had contacted RedChip and met RedChip CEO in Shanghai. He is familiar with other IR firms except for RedChip. He will select a IR firm in the future.
The 25 million shares(out of 45 millio0n shares) in the hands of PPI and Axim belong to CEO. They do not need to sell those 25 million shares to raise money any more. CEO has not yet decided what to do with those 25 million shares.
All in all, things are going great with the company, prodcution and business. I think that next year will be a great year for CHGY and her shareholders.