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a ok well now I better understand wy we didn't find any informations regarding china jiangsu golden .
I missed this post :(
Well this look like to be the reason they dont want we know they are now public and trade under the name China Jiangsu Golden .
Possible the non updating period is due of the structure changes to announce they are wuxi .
Also how do you explain that the big wuxi company sell products to the world with the existing phone number of China Jiangsu Golden ??
The website where they sell products like alibaba are not scams a lot of very big buyers in the world use these sites to contact companies in China .
This is not for no reason the phone number from both companies are the same .
This was the real mistake if they dont wanted us to know they are wuxi .
I think the answer is very simple China Jiangsu Golden is Wuxi Steel Ball Ltd .
This is wy the phone number is the same
This is wy they did not dilute shares .
This could also be wy the A/S was raised to 500M
I think for an unknowed reason they dont want to have people know wuxi steel ball ltd is trading .
China Jiangsu Golden is most probably the warehouse primary production center and they used this name to prevent to be identified .
And This is most probably wy they did not want to give informations .
One more exemple of the link between both companies
http://www.exportersarea.com/catalogs/29/326/327/200703/10/709828.html
http://www.europetradearea.com/catalogs/97/108/200702/23/665462.html
This is wy we didn't find any infos for what they sell .
All is sold on the market under the name of the Wuxi Steel Ball LTD company .
Easy to understand when you look at china export site like alibaba wuxi is selling products with the phone number of China Jiangsu Golden .
This look realy like to be the solution .
Wuxi Steel Ball LTD IS China Jiangsu Golden
no never well this look good then Possible we own shares of Wuxi steel ball ltd who trade under the name China Jiangsu Golden
Phone number is the same for both companies :)
Yes sure I did and I follow this one since months I already made money over too selling my shares with profit last time we got a pump and dump on it :)
Now I dont lose much money I loaded at 0.006 and at 0.003 and I dont think we will go very lower let's see if we brake the 0.002 bottom or not .
Company Name: Wuxi Steel Ball Co., Ltd.
Contact Person: Ma Gang (general Manager)
Address: 556 Suxi Road, Dongjiang Town, Wuxi City, Jiangsu Province. China
Zip: 214121
Telephone: 86-510-85061623
Mobile Phone: 13771478627
Fax: 86-510-85061772
Website: http://www.steel-ball.com
http://steel-ball.tradeprince.com
Ma gang general manager from wuxi steel ball is also on the board from china jiangsu golden and look like general manager is Qiang Ma same family name than Gang Ma
It look like China Jiangsu Golden is totaly owned by Wuxi Steel Ball Ltd and is most probably producing products for Wuxi Steel Ball only .
Like to be one of the numerous production center from Wuxi steel ball Ltd
Yes but they will realy not lose time to answer our questions and certainely not free .
Now again I watched the web site and the 3 directors are also director from WUXI
Qiang Ma
Director and President of China Jiangsu Golden Horse Steel
Ball, Inc.
Guoxiang Ma
Board Chairman of China Jiangsu Golden Horse Steel Ball
Co., Ltd. and Wuxi Steel Ball Co., Ltd.
Gang Ma
General Manager of China Jiangsu Golden Horse Steel Ball Co.,
Ltd. and Wuxi Steel Ball Co., Ltd.
Xiaoyan Yang
Chief Financial Officer of China Jiangsu Golden Horse
Steel Ball Co., Ltd. and Wuxi Steel Ball Co., Ltd.
Try this name on google goldenhorse behring zhejiang co
Not any reference to this company nowhere .
Here I picked up a name in the list without knowing what it was .
cixi chenglong bearing co.,ltd
try to search it you have severals link to the business they are doing .
Well this could be a totaly different company who know ?
Ready for a bad news ?
People remember this PR from the company ??
China Jiangsu Golden Horse Steel Attending 2008 China International Bearing Industry Exhibition
XUYI, CHINA (PINKSHEETS: CJGH) (FRANKFURT: 4J3), a leading Chinese manufacturer and supplier of ball bearings, announces that the company will be attending the three-day China International Bearing Industry Exhibition (September 23 - 26, 2008).
This is the site and updated list from companies on the show .
http://www.bearingfair.cn/exhibition_updates.asp
No China Jiangsu Golden on the list ,there is also no WUXI china Jiangsu Golden or no WUXI jiangsu Golden etc etc .
You have hundreds of companies in the bearings sector but nothing linked to China Jiangsu Golden .
Yes and I got but they look strange the business look well like to exist that is not the problem .
But we asked to have promotional material about what they sell and the answer was NO .
They dont wanted to provide anything my contact was asked to call another mobile phone from a director in China the guy never answered any call she did .
Now I got the proposal for more money to have someone send on site to take pictures from the facilities and doors etc .
But I did not ask her to send someone there .
The problem is I begin to ask me a lot of question too ....
I want to believe that this is a strategy from the company to buy back shares and move out the market but its just a dream .
The strange think is that they dont wanted to provides any pictures or promotion documents regarding the products they sell :(
This is looking very very strange for a commercial company .
But please anyone need to agree wy did them not dilute millions more shares on the market before to reach this level ?
A regular scam company should have done this long time back .
And CJGH did not O/S never changed since months now .
WY ?
Well first I have hard to understand how it could be legal to sell shares from a company who have not any obligation to shareholders like on the pink .
These pink companies do what they want nobody to check what they are doing .
No obligation to post financials nothing !!
For me the whole pinksheets market should be terminated or for companies continue to trade they should need to at last post financials reports .
This pinksheets is incredible again on the OTCBB they at last need to fill quarterly report or they are removed from the otc .
Bid 0.0001 x6 ask 0.0002 x3
The answer to your question for my personal view is NO
16k sold at 0.0027 1m400k buy at ask
We have a litle funny guy selling small block of shares 5k 10k at the bid price trying to push the price down lol
The company will most probably buy back shares and move out the public market .
I think more and more this is a strategy from the company .
They most probably run a productive business and will move out of the market for cheap now .
I think not the O/S is too low .
Locate me only one company with an O/S of 36M trading lower than 0.002 !!!
If they sell more shares that the actual O/S I agree 500% with you .
If they dont with 36M O/S at 0.0015 the valor of the O/S will be 54k usd .
At this price if someone invest 25K to buy shares at this price we will fly .
I believe we are at the final bottom if the company do not dilute shares and the O/S dont become bigger we will begin to climb back.
This is mathematic 36M shares O/S
Price 0.003 = 108k USD to buy the whole O/S at this price .
This is nothing .
People dont need to forget its only 36M shares avaible on the market not like most of the pinkies who trade 1B shares .
So news or not we just need some volume to trade back at 0.01 .
Go under 0.0025 with no dilution by the company look not possible .
We will see if I am wrong or not .
Anyway I keep my shares acumulated between 0.003 and 0.006 .
Yes I agree with you but that the ceo dont say that there is not enough volume and that is the cause of the PPS down fall .
If anytime we have support at 0.0002 and more and more shares sold at 0.0003 the guy sell millions at the bid price this is normal we are so low .
If these millions shares sold by the ceo where not sold we where trading at 0.0004 today and not 0.0001 or 0.0002.
And yes like you say let's see the next quarterly repport .
But it was more serious to sell these shares after a good quarterly repport to prevent the price to go down so low .
Well who could be able to dilute shares if this is not the ceo ?
He own the company he own the shares still not sold .
When the os become higher this mean he sell shares .
with the low os we have and the very low PPS I agree to say that it could happen very soon .
Yes but to have volume we need some positive PR or it will be a pump and dump sheme
well easy to check but I dont find the link anymore .
Thank you for the info but whay do she mean with "I brought up the issue of updating the pinks again - hopefully that will be corrected soon."
updating the pink for what the A/S raise ?
lol hi hi hi
4 Months without any PR or news .... let's hope they dont forget us for the end of the year christmas and new year
They should not forget to post a PR to wish best for new year 2009 to shareholders
Nice 100M shares sold by the ceo since +- 40 days and this is not dilution !!
How many shares more will be sold by the end of the next month ?
Karen never answer mails I send to her nice contact she work in the same mentality that the company .
Where are the 100M in volume ?
Yes and trading at 0.50c some months before that and trading at 1$ usd some month before this period and trading at 5$ when first added on the market
But today you can see it any way you like it trade at 0.004
lol yes but what will be the bottom in the next days ??
0.004 ? 0.003 ? 0.002 ? 0.0015 ?
Yes but this is the same story since months now .
Its all the time too late to sell and the good time to buy more lol
I feel like we will be able to reload at 0.003 today dunno wy but I have a bad feeling regarding the expected news .
If we do not have a PR today .....
yes that is true too :)
Yes I dont say it will happen but the company it self is not so bad than most of these pinkies who will never trade over 0.01 .
Here this is a big production center for ball bearings and the company is well affiliate to wuxi who is realy not a scam company .
Wuxi is a very large chinese steel ball and ball bearing manufacturer .
And we know all that the O/S is still very low the company never diluted shares like most of the pink companies are doing .
A/S raise could have been done for a lot of different reason .
Good one or bad one .
And from my chinese contact I am sure the company exist a lot of people work for them in Jiangsu .
Now yes we need news asap !!
A day or another on a long term period this company will trade at 1 usd .
Sure it can take years but it could happen on this one .
For the moment time is very bad for this stock but when we know how many people are on the rear waiting for news .
I am sure from one thing the day we get this PR people who got shares so cheap will make a lot of money over .
Due that the company is well existing and is a very big business ,now i agree with everyone there is a serious problem in the way the company communicate to public .
But the business is well existing and the next news will most probably be something very good .
This company make millions of USD over per year with a O/S of 36M shares the price is seriously undervalued .
This one is not like these thousand of non making money BS pinkies companies not doing a dime per year .
Well let's hope we see fast 0.003 back to let me reload one more million
thank you
Can someone give me her E-mail address ?