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CBW, it seems that there is utter confusion about this company.
Any company whose name begins with "Kunming" is not FIRST CHINA PHARMACEUTICAL GROUP. One more thing--any company that is hiring people by the dozens and is releasing information publicly--even in Chinese- is not FIRST CHINA PHARMACEUTICAL GROUP.
FCPG is listed only in one place-- in the USA and can only provide private information and financial information in a formal way by using the Marcum Bernstein accounting firm and with the approval of legal counsel.
Any action that Wang might be taking without informing shareholders, but being printed in the Chinese press or internet is illegal and I don't believe that Wang is doing that. Or if he is doing those things that would explain why the legal firm in Sacramento probably dropped this company.
Wang seems to have reached a level of understanding about legal business practices of an exchange listed company that defy comprehension--at this point he seems to be on his own and we are left to cope with whatever unknown development affects the PPS of this stock. In my opinion anything dealing with the other Kunming company mentioned on this board is not the same as FCPG! Some of you who know what I am saying should try to contact Mark the surfer and ask him to take another trip to Kunming and get some real answers for everyone on this board.
Good news--at least we know that Marcum is still working on the financials and they are still in contact with Wang!
Sent an email yesterday to Bernstein with some questions about legal counsel situation and because it is a subject that he cannot provide answers for, he assured me that he would forward the email to his associate in China who in turn would forward the email to Wang. Well, today I received a confirmation from his Chinese associate stating that my email had been forwarded to Wang.
Even though Wang does not understand any English (or maybe by now after four years he might have learned some English) I hope that knowing that the email came from Marcum Bernstein with the blessing of Bernstein himself maybe he will decide to come out in the open and inform the shareholders as to what is happening right now. Wang's failure to issue a PR is an appalling situation which he should correct immediately.
Pack, I do not understand? Maybe you should do a little research on this board and copy and paste the link or various links where one of the posters stated that this company did not have a legal company to represent them.If someone made us aware of that, then I missed that posting and did not realize that Wang was operating without American legal advise.
FORGET ABOUT MARK LEE, JUST TELL ME WHEN SOMEONE HERE NOTCICED THE COMPANY WEBSITE STATED THAT A LEGAL COUNSEL (THAT IS A NEW LEGAL FIRM)WAS TO BE ANNOUNCED...TBA! Mark Lee is not the problem, not having a legal firm is the problem!
NO FILING OF THE 10K OR 10Q CAN TAKE PLACE UNLESS A LEGAL FIRM REVIEWS THE DOCUMENTS TO BE FILED AND THEN FILES THEM.
RIGHT NOW WANG HAS NO ONE TO TURN FOR LEGAL ADVISE. HE IS SIMPLY DOING THINGS HIS OWN WAY WITHOUT REGARD FOR SHAREHOLDERS' INTEREST--HE IS SIMPLY TURNING TO HIS CHINESE FRIENDS WHO KNOW NOTHING ABOUT RUNNING A COMPANY THAT IS LISTED ON AN EXCHANGE IN THE UNITED STATES!
Novice, I realize that you are working hard in presenting news items from China that relate to Wang and FCPG and what they are doing right now, however in my opinion the logic does not hold to what you believe is taking place.
I believe that the only people who are buying shares of FCPG right now are basically people connected with the group on this board. I don't think any informed outsiders are taking any action because if that were the case you would have seen share activity and price rise take place at a steady pace, and by now we would have reached at least a 10-15 cents mark.
One more thing--I don't believe that Wang and company are taking all these actions that are openly reported in the Chinese media and at the same time fail to provide media information to shareholders in the USA or fail to file reports with the SEC. Of course, since presently they do not have legal counsel to advise them everything is up for grabs! As it stands now, it seems that Wang does not have a single person with whom I had been in contact in the past to advise him, and Bernstein probably is just doing his best to try to have the financials completed based on the timeframe allowed according to the fees that Wang is willing to pay to have the work done faster or at a normal pace!
Therefore, unless you are able to contact Mark the surfer and get some real answers from him, or have him go to China one more time there is very little that is reliable--all in my opinion.
P.S. I MUST EMPHISIZE TO YOU AND ALL THE OTHER POSTERS THAT THE THING THAT BOTHERS ME MOST IS THE DISCOVERY THAT WANG HAS NO LEGAL COUNSEL. SOME OF YOU HAVE STATED THAT YOU HAD ALREADY SEEN THE INFORMATION ABOUT THE LEGAL FIRM EARLIER, BUT TO ME THIS SITUATION IS SIMPLY UNACCEPTABLE. THIS IS A NO,NO,NO...FOR ANY COMPANY THAT PRESUMABLY IS EXPANDING IN CHINA AND AT THE SAME TIME FAILS TO BE LEGALLY REPRESENTED IN THE USA...BASICALLY WANG HAS NO LEGAL ADVISER THAT WE KNOW ABOUT!!!
Who is this board's poster who has probably made the greatest profit for the year ,bar no one, by not putting a single dollar in this stock--bar no one, we all know the winner...I got to find some money to buy myself a bottle of fancy champagne and take a selfie picture drinking myself into a stupor for not having acted wisely 3 years ago when I still had the chance.....!!!!!!!
Short sales for Monday were only 30,944 out of the 179,877 shares traded!
Who sold the other 149,000 shares at less than 3 cents?
Some people are taking a loss on this stock to cover up profits in other stocks......either these people are not well informed about this company or they simply are tired of waiting...
Anyone of this board curious to know about: "Legal Counsel
TBA"????? I guess Wang does not really need any counsel at this time--he is doing things like Frank Sinatra...I DID IT MY WAY!!!!!!!!!!!!!!!! No Greg, no Doug, no Zweik, no McTevia, and no Mark Lee...
I have sent an email to Mark Lee and when/if I get the answer I will inform everyone on this board.
Remember that even if Wang is negligent in informing us as to what is happening, and even if the company website is stale, two changes have taken place and they have been reflected there. One change was reported to the SEC (Marcum) but the other (GreenbergTaurig) was never reported--we don't know when the attorney change took place and that shows complete disregard on the part of Wang who now is presumably operating without outside advise from legal counsel. I don't know what to make of all this but for many of you who have many, many more shares that I have it would appropriate to look into this issue personally to protect your present holdings and to think more realistically on this issue of FAILING TO INFORM shareholders on this important possible change of attorneys.
From this point on I would suggest you that you act wisely and more realistically before you invest additional funds. I personally don't like Wang and company in failing to release a PR concerning a change in attorneys. If they had to do it with Marcum I feel this is as important as that. If there is no attorney, there is no one who can review your 100 pages 10K before fling! All of you should take your own initiative and get to the bottom of this issue!
Novice, my only advise to all posters at this time is to contact:
http://www.gtlaw.com/People/Mark-C-Lee?wosView=quickContact
Speak with Mark Lee or anyone else who is willing to give you information and simply ask why First China website has removed the name of their legal firm as the attorneys that they use (see below link about "Legal Counsel TO BE ANNOUNCED"). Ask if they are they still representing First China.
http://www.firstchinapharma.com/corporate/corporate-structure
Think for a moment and ask yourself when was the last time that you saw a company website that is a little stale, and there is also no information about the attorneys who are handling their affairs? Can this company be the same one that you that you are discussing?
My final suggestion would be to contact Brad and find out if he knows anything about the new attorneys if any, and if his company knows who now they should contact to discuss payment issues for poor Brad!!
Go easy novice, I like you being busy researching what is happening to First China but some of the recent links that you have posted are providing information that is not really connected with "our company".
All those hundreds of employees connected with that other Yunnan company are not really related to the activities of FCPG--just my way of reassuring you that FCPG and Marcum are still connected but not the way you see those HUNDREDS OF EMPLOYEES. Please investigate a little more carefully the company that you think is First China and maybe you will resolve the confusion!
One thing I believe--and that is the eventual release of financials and the jump in PPS of this stock. At the same time, right now I can only assume that Wang is more concerned about spending money to keep the company going rather than spend extra dollars to pay Marcum to complete the financials at a faster rate. He has no real interest in the American shareholders or the PPS of this stock, and now we don't even know who the new legal councils are and maybe one of you should contact Mark Lee to find out why the name of his firm was removed from the company website and if that is correct ask him why an official press release has not been issued to provide the name of the legal replacements--that is an action that a responsible company would take to inform shareholders of such change immediately. As a matter of fact, please send an email to Bernstein at Marcum to find out why the name of the legal firm has been removed but shareholders have not been notified. These type of actions are not what you would find in a company that has hundreds of employees......
Here is a link to keep handy to get complete quick and specific details about different things of a company. When the moment comes this site will provide all the updated info on FCPG at a glance.
http://www.passfail.com/otc/first-china-pharmaceutical-group-inc-fcpg/first-china-pharmaceutical-group-inc-fcpg-12264.htm
Hey novice, you have been looking at everything about the company but something that was under your nose has escaped you (and me!!!!). Even though the company website seems to be still behind the time, you will note that Marcum has been updated, BUT EVEN MORE IMPORTANT YOU WILL NOTICE THAT THE LEGAL COUNCEL SPACE SHOWS: "TBA" TO BE ANNOUNCED WHICH CAN ONLY IMPLY THAT THE SACRAMENTO FIRM AND MARK LEE ARE GONE..........................What do you think is cooking right now--do you think Bernstein suggested that since the old attorney firm never noticed all those re-filing errors, they should also be dropped like Rottenberg and be replaced with new attorneys???????
This information alone should move the PPS up at least 3-5 cent today....LOL>>>>>>>
http://www.firstchinapharma.com/corporate/corporate-structure
Very interesting situation today. Very few shares were shorted and therefore whoever sold more than 100,000 owned shares must be either someone who is taking a loss for the year or possibly moving his money into another penny stock....LOL>>>>>>>>>>>>>
11,000 short sales
199,500 total shares traded
Hey CBW, just to give you the right information as to the trading of yesterday November 13, 157,030 represented a short sale. Evidently someone sold short in anticipation of buying shares in the future at a lower price. I guess that based on today's closing price of 5 cents yesterday shorter having lost one penny is not smiling at all...LOL>>>>>>>>>>>>>>>>>>>>>>>
short sales 157,030
total trade 189,990
Good news for those who are accumulating...
http://www.forbes.com/sites/jackperkowski/2014/11/12/health-care-a-trillion-dollar-industry-in-the-making/
Lately, whoever has an agenda against this stock is betting as much as possible for the demise of this company and the destruction of the PPS!
Not a day goes by without someone (or more people) not shorting this stock even though these shorters are probably as poorly informed as the majority of gamblers.
Well, today we had 27,735 shorted shares out of 31,234 shares that were traded. Shorting the shares at a price below 4 cents hoping that the sky falls and they will reap a big profit. I certainly hope that one of these days all the shorters that have accumulated thousands of shares will be hit by lightning in the form of financials that will give them no time to cover their positions and therefore burn them real good...I hope that these buggers will read my posting and take a minor loss now before it's too late...LOL>>>>>>>>>>>>>>>>>>>>>
Hey novice, the fourth anniversary of my biggest mistake is approaching, but the only regret I have is that I did not react quickly enough to at least recover half of my money and leave the rest invested. Those days of December 9, 10, 11 of 2010 should have been better understood by me. I was untrained in the pump and dump business when the price went up and then collapsed.
I bring this up because right now because in looking at this stock at this moment we have a completely different situation. This is the time when most of us have seen this stock reach below the 5 cents that we never expected, but we have also seen that even without news the stock is resisting the action of the shorters who are trying to make a profit on their short sales that they are still holding.
Maybe the price is holding at this low level because the powers that be (beyond this world) are waiting for the moment when I get a hold of some money and I will be able to buy at least 200,000 shares so that when the recovery takes place I will be rewarded the same way as you all will be! Wily Wang and shrewd Gong know that they have to keep the promise made to me on the whiteboard and therefore are allowing time for me to be ready to come aboard again with more purchases soon before they act.
The woman with the short haircut and wearing a black dress looks like Ms. Gong....
http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fwww.ynsyysh.com%2Fnews%2F193.html
My suggestion to all of you who have plenty of shares of this stock--KEEP SENDING CONTINUOUS EMAILS TO BERNSTEIN ASKING HIM WHY THE FINANCIALS ARE TAKING SO LONG TO BE COMPLETED. And if for some reason he tells you that it is not up to him to determine the speed in processing the financials, ask him what shareholders can do to demand that the financials be completed right now. YES, ASK HIM IF HE CAN DELIVER SHAREHOLDERS MESSAGES TO WANG.
TAKE THE SAME ATTITUDE THAT THE young PEOPLE OF HONG KONG ARE TAKING IN DEMANDING DEMOCRACY FROM THOSE COMMUNIST WHEELER DEALERS ON BEIJING!! I BELIEVE THAT IF SOME OF YOU GET TOGETHER THROUGH EMAILS, YOU CAN FORM A SHAREHOLDER COMMITTEE AND THEN COMMUNICATE WITH BERNSTEIN WITH MORE POWER BY SHOWING HIM THAT YOU CONTROL MILLIONS OF SHARES AND HAVE A VOICE. I CERTAINLY HOPE THAT THE "LAMEDUCK" SHAREHOLDER WHO OWNS OVER 1.3 MILLION SHARES OF THIS STOCK COMES OUT AND BECOMES ACTIVE WITH THIS GROUP.
Well CBW, you make a simple but logical deduction when you say: "This allows them to closely monitor it during hours. At the end of the day they close out their short position to prevent exposure of news breaking after hours, and this sends the price back up."
Look at what happened today:
35,500 shares traded
16,000 shorted
To me it would seem logical that the shorter who might have sold those 16,000 at 5 cents might have waited to see what happened during the day, and realizing that the stock was not going down he probably bought the shares back at the same price and will try the same gimmick on and off on a regular basis hoping that he will hit the jackpot if bad news comes out! These days, with commission charges being very low, this type of game is exactly what keeps the professional penny stock players busy making money like professional gamblers do at casinos and sports events.
I am posting at about 11:30 pm of Thursday Nov 30.
The graph shown on this board for this stock indicates that no trade took place today for this stock today. Zero trade and no graph activity. I really thought that nothing was traded today until I looked at the activity of short sales trading for today.
It seems that 59,200 shares were traded and that out of those shares 51,000 (86% of all shares for the day) were short sales.
One more thing, why is it that when the zombies who have been dead for about eleven months come to life they always seem to appear just a day or so before Halloween and they have nothing good to say about anything.
For those who might not have read my first posting of this morning, please read it again to understand how my interpretation of the early trade that took place today was the work of a professional shorter. Remember how I described the most probable course of events that took place, well it turns out that today 1000 shares were shorted, and I can only assume that those shares were those that traded at about 3+ cents and that the trade was all manipulated by the same trader. THE TRICKERY DID NOT WORK AND THIS STOCK HELD STEADY AT ITS HIGHER PRICE. Beware of shorters who are trying to fool holders of this stock to sell at panic prices when in reality we know more than they do!
Of course, many holders have never heard of Hihub and this board and therefore I would not be surprised if during the next 2 months some of these holders who have sustained a loss would not sell at any price just to claim the loss on their income taxes. Therefore, if this happens all of you will understand that the sell-off is not a realistic event!
CBW, the company you mentioned is listed on the Shanghai Exchange...see below for the actual PR release.
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=600422:CH
Just some commentary about the dirty tricks that life plays on us!
Those who entered this company ihub board in November-December 2010 when this company was ready to explode will be "celebrating" 4 years of jubilation and horror that took place so quickly and took most of us by surprise--I was ready to take a profit of 100% on the next day when the stock collapsed back to my purchase price and I never realized that from that point on it would go downhill!!!!! And by continuing to hold, I first lost 50% within a short time, and by still continuing to hold I lost more. Of course, by buying the stock at 70 cents later on, more losses took place, and the rest is history as far as buying more shares.
So, is everyone ready to celebrate the anniversary...as I mentioned earlier when the day comes that the 10K is released we will be seeing a lot of changes hat have taken place...oh yes, goodbye to Tse, McTevia, and the other guy from Detroit. I wonder who the directors will be when that day comes--maybe Chung, Wong and Ming and maybe even the leader of North Korea who is presently walking with a stick and using medications bought from First China.
Let's see what is happening today.
Yesterday 70,000 shares were shorted and probably sold at about 6.5 cents! Today, early in the morning whoever shorted those shares is trying to manipulate the trading by creating a feeling that lots of shares can be bought for around 3.5 cents. A shorter always creates this kind of fear hoping that other holders will decide to sell so that he can cover his previous day short sale at a lower price and make those few hundred dollars profit! I wonder who from this board is going to help make the day for this shorter...LOL>>>>>>>
Going back to what I stated yesterday, it's up to you to put some pressure on Wang by using a different angle--using Drew Bernstein to be the messenger. Even if Bernstein does not communicate with Wang directly he can always talk to attorney Lee to let him know what the shareholders are saying!!!!!From what I remember, he is the only top man of an auditing firm who ever replied to one of you with some personal comments--usually inquiries to auditing firms fall by the wayside. That is why I keep mentioning Bernstein as being the conduit through whom Wang can be influenced if not directly, maybe by the two other people who speak English and can talk to each other--Lee and Bernstein.
Just because I mentioned that Marcum Bernstein is killing the competition all over China it does not mean that you should let the PPS of this stock get out of hand and move at a quick pace upward before some of us have a chance to get some money and buy more shares.........give me a break...I am waiting to get a hold of some money soon but if the PPS moves up too quickly I might not even be able to buy 1000 shares!!!!!!! I am sorry I divulged all this good information about Marcum so quickly............
Red I guess "bopping" means something and Marcum and Bernstein are mentioned all over China.
http://www.wantinews.com/news-8859750-Air-Force-is-ready-to-explosives-Ali-who-listed-carnival.html
Below is one where this past March a company dropped Pricewaterhusecoopers and hired Marcum as their CPA
karen millen nl - karen millen purses - Karen Millen Outlet ...
www.udpc.net/online/karen-millen-nl.html
Mar 22, 2014 - July 18, announced the dismissal of NetQin PricewaterhouseCoopers, discount karen millen dresses appointed Marcum boping CPA as its ...
And now for all of you who want to know what is going on at Marcum "boping" here is a whole 10 pages which you can investigate on your own...LOL>>>>>>>>>>>>>>>>>
https://www.google.com/?gws_rd=ssl#q=marcum+boping+%3F
Well novice, no matter how Wang behaves at least in Marcum we have a company that is trying very hard to get all these companies to understand that Marcum is there when needed...what I am posting below is translated from an original Chinese version.
The event took place at a hotel in Beijing... "Summit will held at the St. Regis Beijing September 16, 2014." Too bad that Wang is dragging his feet in having his financials audited at a slow pace just to save a couple of dollars...LOL>>>>>>
One more thing, if you look at these listed companies that are attending (by now they already attended) you will see that their shares are traded into the multi-dollars per share.
One final piece of advise, once again please send constant emails to Drew Bernstein and tell him that he should try to convey the desire of the shareholders to Wang and make him understand that immediate action in releasing the financials is better than dragging your feet forever by trying to save accounting expenses by avoiding to pay higher fees for processing of the financials by hiring a few more Marcum staff members.
http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fwww.marcumbp.com%2Findex_chinese&sandbox=1
Novice, if you or any of the others feel that a company with 400 employees and which has filed all the financials for the past years is the same or related to First China I would suggest you email an enquiry to Bernstein of Marcum and ask him to clarify why First China's name is mixed up with the other company.
One more thing, all in my opinion, Wang is a real SOB who has no regard for the American shareholders who have lost money on this stock! If he really wanted to keep shareholders informed on some basic aspects of what this company is doing right now, he would simply prepare a Press Release explaining what the auditors are doing at this very moment and what we can expect to be released and filed within an approximate period of time. By releasing that type of message he would be telling shareholders that this company is still in place and appreciates the patience of shareholders. However, since Wang is surrounding himself with Chinese advisors he has no desire at all to SPEND EVEN A COUPLE OF THOUSAND DOLLARS to pay attorney Lee to prepare an acceptable press release for the benefit of shareholders.
One thing that we know for sure is that the SEC because of the unexpected change in auditors is allowing the delay in financials filing to go on with almost unlimited time without threatening Wang with penalties.
Having said all this now you can understand why all the speculation of 300-500 possible employees has nothing to do with this company.
P.S. One more thing about PRs. Many months ago when I was in touch with Doug he mentioned on an email that in at least 3 occasions he had prepared a press release with updates that could have been released if only Wang had given the OK--well Wang refused to issue any press release. I believe Wang is still the same man who cares ZERO for the shareholders.
Take it easy novice (and pack, and dmg), please read my last email before this confusion goes to your head...this hiring is being done by a different larger company...names can be deceptive and confusing...one clue that I can give you and you might research is that the company you are referring to (Kunming Pharmaceutical Co) has already filed all its financials and is up to date in that area!!!! Review all your data carefully.
Just as I had suspected when I posted my earlier message, today after a hiatus of about one week the shorter who seems to like to make money on this stock struck again...LOL>>>>>>>>>>>>>>>> he sold shares short hoping that in the next few days this stock will go down and he can make A COUPLE OF DOLLARS...actually I cannot blame him for making a living doing this kind of dirty work, even if he makes 50 dollars profit on this stock I am sure that he does this kind of shorting for many other stocks and when you add all the numbers up this person could be making a steady profit of 500-1000 a day by trading short!!
Now, not wanting to make this short story too long I will just tell that today:
Oct 24 140,000 shares were traded
and 96,500 were shorted
representing 68.93% of all shares traded.
Now, to make this shorter's life miserable (and also all the other past shorters miserable) let's hope that Wang surprises us on Monday with the filing of the financials.....
Just a personal brief commentary about today's trading.
Since October 15 there has NOT been a single day of short sales...EVERY SALE HAS BEEN LONG.[/
Today, I have a feeling that one of those NON-BELIEVERS IN THIS COMPANY is selling sales short at a very healthy price of about 6 cents hoping that soon he will make a big profit when this stock fall down.
Well, we have to wait until Monday to find out if I am right or not! IMO I don't think anyone can be wrong in loading up thousands of shares of this stock at these bargain prices, even if they have to pay 7 or 8 cents. Eventually when he financials are released, if the company is still in business there can be no doubt that their annual sales will match or exceed what they have provided in previous filed reports. THAT ALONE WILL TAKE THE PPS OF THIS STOCK BACK INTO THE 20-30 CENTS--that is why I am saying that 6-8 cents right now is irrelevant for those who want to buy more shares.
Hey novice, all your predictions will come true and those who own lots of shares will be very happy one day when the news gets out about the events that have taken place in the past two years.
All of you who own more that 500,000 shares will be "singing in the streets" as the song goes...however, in the meantime we have try to figure out who bought those 100 shares at the asked price--maybe tomorrow we will discover that someone sold to himself 100 short shares hoping that more would buy at that price...just a thought?????
I am still waiting for the surfer to surprise me with an email telling me more about his adventures in Kunming!!!!!
Hey Hooz, of all people you are asking Bar to provide guidance? You should really have asked me because I am still on this board, or maybe someone formerly known as MM because he "surf-boarded" all the way to China"...ahahah. I bet Novice knows what I am talking about! Yes, novice is working very hard "surfing" the internet without getting wet trying to discover all the tidbits of news that Wang and Gong should be providing to us even though the information can be found in some Chinese publication and is in the public domain. Wang is no cherry pie, he is probably an SOB when it comes to the treatment of shareholders!!! He probably does not care one bit about the American shareholders and how they are suffering because of his negligence in providing a simple reassuring PR to tell us once again that Marcum is still working on the reports and that soon all of them will be filed. I have made a copy of this posting on microsoft word just in case it does not see the light of day!!! One more thing, it turns out that finally today is my birthday...after waiting a whole year...LOL>>>>>>>>>>>>>>>>>
For the lucky member of this board who bought those 250 shares today (THE ONLY SHARES TRADED TODAY) I have some good news--YOU DID NOT TAKE THE SHARES AWAY FROM ONE OF US OR SOMEONE ELSE WHO BELIEVES IN THIS COMPANY, OR EVEN FROM SOMEONE WHO NO LONGER BELIEVES IN THIS COMPANY!!!
THE SELLER OF THOSE 250 SHARES WAS A SHORTER. THOSE SHARES WERE GENERATED BY A SHORT SALE.THE ONLY SHARES TRADED TODAY.
Can you imagine, no one who owns shares of FCPG and feels confident of this company will give away shares right now. I guess a professional shorter was testing this stock with 250 shares to see if the stock would go lower so that he could make money on earlier shorted shares that he was holding...LOL....>>>>
Hey Bar, let's be realistic, if you have so much negative feeling about this company, and if you are almost certain that it will behave like many other Chinese penny stock companies that are now trading below the penny level, then my suggestion to you would be to act on what you preach and make plenty of profit when First China demise comes about!
Just sell this stock "naked short" starting immediately, which would probably bring the price up as you continue selling and then wait for the moment when the bad news gets released to the shareholders, and then you cover your short sales for less than a penny--a 400% profit from the present price!
Of course, if you had paid attention to my recent posting you might have wondered about the latest video that I posted. Mmmmm...what is that all about? Mmmm...what does surfing have to do with this company! Mmmm...If you look for clues you might come up with something.
I am wondering why up to now no one has filed an SEC form to indicate that they own 3 million shares or more shares of this stock(that is 5% or more of total outstanding shares)????
Is it possible that at this low price no one has reached that level of ownership? Of course there is a possibility that the 3 million shares or more are owned by different members of the inner family (husband, wife and working adult children who live at home)?? Of course, even if someone owns more than 5% of shares who is there to bother about this issue--the SEC has more pressing problems to resolve....
I guess we have to wait until the financials are released to find out the latest number of shareholders. In the meantime, just keep buying at these bargain prices and forget about how many millions of shares you already own...LOL>>>>>>>>>>>>>>>>>
And if you want to laugh and cry at the same time, just look at my post 901 below--yes I was advising someone to buy shares at over one dollar and showing him the google sky-view of the company original headquarters (this entire area was demolished to expand and extend a subway line and build new modern business area)...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60846922
Yes novice, you are so right--those who buy SHARES OF THIS STOCK AT THESE "GIVE AWAY" PRICES cannot lose!!
Tricky Wang (probably with extensive guidance from his wife)has been planning ahead of time for the moment when the big move takes place to the new headquarters. I just hope that he is not paying Marcum piecemeal for their fees which is delaying the prompt release of those financials. And I also hope he is not bickering with the Marcum people concerning who owns this company--we the shareholders are the owners and whatever money he has invested in the new building belongs to the shareholders!!!!! And I certainly hope that he knows what is going on in Hong Kong right now--he has to keep an open mind and his mouth shut...LOL>>>>>>>>>>>>>>>>
Yes, I have one more thing to add--look below...........
whoever on this board bought shares yesterday bought them from a shorter...and this message is for that shorter who sold those shares for either 4 or 5 cents..."too bad you are not reading my messages on this board, but I will be laughing when this stock doubles in one day and you will remember this warning".
Oct 01
86.77% PERCENTAGE OF SHORT SALES
0.05 0.03 0.04
75,750...SHORT SALES
87,300...TOTAL VOLUME
Immediately following the purchase of the tendered Securities, Actions Semiconductor expects to have approximately 354,974,183 Shares (including Shares represented by ADSs) issued and outstanding..
So the above number will be the new total of shares outstanding.
EACH EDS IS MADE UP OF 6 COMMON SHARES.
Those people who tendered their shares and had them accepted received $2.50 per ADS.