Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes - again as I said you are wrong
You are so totally negative about every thing of this company I just do not know why you own it. Then you use this platform to vent all your hate for it. But it seems you are not even sure what the company does.
CTGLF (DFCT then) bought (reveresed merged) with Dichain Software - NOT NOT NOT NOT China Merchants Dichian anything.
They may share a CEO like many companies do but they are different and seperate companies with their own type of busienss.
CTGLF is software and CMDA 0632 is logistics and warehouse business.
CMDA is not esential to CTGLF.
And of course CTGLF did not aquire Centrans Logistics - as CTGLF is a software business - DiChain Holdings did and they are the major owner of CTGLF NOT NOT NOT CMDA.
No you are wrong
the merger was with DICHAIN Software Systems not China Merchants DiChain anything. At the time of the merger 68% of that company was owned by DiChain Holdings Limited. These are not China Merchants DiChain Asia.
Many USA companies also have tons of cross relationships. NBC CNBC GE all part of same company.
Remember when AOL bought Time Warner so then also owned CNN - plus all the many magazines and movies and some people were on boards of each. So not unusual but they were all separate business just the same as it CTGLF and 0632.
I am not implying that I do not want company changes in releasing more information sooner etc and I write them and call them about this. Complaining in this space or on any message board however does nothing good for anyone. It is what bashers and shorts do. Who likes a whiner. No one makes Someone invest in this or any stock so complaining to other stockholders not only serves no good purpose it at the same time promotes ill will and is not pleasant.
Some one buys a Ford car and the quality is not perfect but the price is good but a neighbor also who has a Ford each day loves to point out how the Fords rattle and wish the company would fix it and the gas mileage is not as good as a Toyota etc. Makes you want to tell your neighbor to just go away.
We all are aware of the company and how it is a longer term investment and the negatives that they face as they grow. We do not need these things pointed out.
One example of types who thrive on negativity is this from Monday. The stock was at 0.13 to 0.135 and someone sold 5,000 shares and the next post is only "geez someone just dumped a chunk at .13"
makes you want to slap that poster up side the head.
They took the time to come to this board and make that post on a day when 700k shares were being bought and to use the term "dumped" in just that negative way. What is the usefulness of that kind of post to anyone? It is just negative words to try to make owners of shares feel bad.
It is not needed in any way.
And CTGLF has good cash position
I am pointing out the positive because some like to put up false things like saying CMDA is parent of CTGLF - it is not. Dichain Holdings is a conglomerate holding company and is not CMDA and as such has independent companies though management is shared. This does not however make them the same.
So it burns me when people try to make something relate to CTGLF when it does not at all apply. Some have an agenda to want the stock price lower. I have an agenda to want the price higher but do know the price does is way to low for the worth and do not try to bring negativity each time the stock dips a couple of cents.
The financial Poseidon of CTGLF is good and at the last report they state:
--------------------
As of March 31, 2005, working capital of approximately HK$229,738,000 (US$29,452,000), Cash and cash equivalents at March 31, 2005 were HK$101,962,000 (US$13,072,000) The increase in working capital and cash was due primarily to the profitable operations of DiChain Software.
----
Some not only like to spread anything they sense is negative but also like to word in it the most negative way for the most effect they are trying to achieve. Seems to me a unhappy way to live and not so pleasent for others either.
China Merchants Dichain Asia
Is not a parent of CTGLF as some think as they own only about 5% of the stock - however at the end of this shows the good growth of that company.
The stock of CTGLF is mostly owned by Dichain Holdings which is a separate company from China Merchants Dichain Asia who owns about 5% of the CTGLF stock. China Merchants Dichain Asia (CMDA)can direct business to CTGLF as some of its clients need the type of software that CTGLF makes.
CMDA has had very good growth this past year and became profitable and in December issued convertible notes as I posted here:
---------------------------------
Dec 08, 2005 - 12:52:28 HKT
Quamnet News Service
China Merchants DiChain (Asia)(632, CMDA), a logistic services provider in the PRC, said it will issue convertible notes in a principal amount of HK$10 million to P.G. Investment and grant an option in a principal amount of HK$15 million, both of which are of one-year maturity.
The initial conversion price and exercise price are 2.3 HK cents per share respectively. The net proceeds of about HK$24.7 million will be used as working capital for the group's logistics business development.
__________________
You will note the similarity of the HK$24M to the bank note recently.
----------------
Then a week later CMDA further announced:
Dec 19, 2005 - 18:13:38 HKT
Quamnet News Service
China Merchants DiChain (Asia) (632, CMDA)
Today's Oriental Daily quoted the company's Managing Director Zhou Li Yang as saying that following its issue of convertible notes and granting of an option in a total amount of HK$25 million to China-based logistics services provider P.G. Investment, it will be allowed to acquire a maximum of a 17% stake in CMDA and become its second largest shareholder. That said, CMDA will be able to benefit from the broad client base of P.G. Investment.
Zhou added that its future business focus will be overseas freight transport and international logistic services, but it will first strengthen its Mainland business operations and tie up with business partners before expanding overseas, according to the paper.
___________________
and finally the busienss report about CMDA issued in December that shows the good company growth -
CHINA MERCHANTS DICHAIN (ASIA) ANNOUNCES 2005 INTERIM RESULTS
TURNOVER JUMPS 350% TO HK$41,045,000
ACTIVELY DEVELOPS THIRD-PARTY LOGISTICS BUSINESS TO ACHIEVE TURNAROUND RESULTS
FINANCIAL HIGHLIGHTS
Turnover increased 350% to HK$41,045,000
Revenue of third-party logistics business hit record high to HK$28.5 million
Profit attributable to shareholders amounted to HK $7,387,000
Earnings per share of HK 0.14 cents
(28 December 2005, Hong Kong) – China Merchants DiChain (Asia) Limited (“CMDA” or the
“Group”) (SEHK: 0632), aiming to become the leading integrated logistic services provider in the PRC,
today announced its impressive interim results for the six months ended 30 September 2005.
The Group’s turnover for the six months ended 30 September 2005 reached HK$41,045,000 (2004:
HK$9,097,000), representing a notable growth of 350% from 2004. During the period under review,
the Group achieved a significant improvement with profit attributable to shareholders turned around to
HK$7,387,000 which resulted in an earnings per share of HK 0.14
cents. The Board of Directors did not recommend the
payment of an interim dividend for the six months ended 30 September 2005.
The Group’s encouraging performance was mainly attributed to the continuing improvement of the
bonded warehouse and third-party logistics operations, especially following the acquisition of
Guangzhou DiChain Logistics Co., Ltd. (“Guangzhou DiChain”) by the Group in late 2004. During
the period under review, Guangzhou DiChain recorded a robust business growth and its operating
performance has been fully reflected in the Group’s financial statement, which contributed to the
satisfactory performance of the Group’s third-party logistic business in the first half of the year with
PRESS RELEASE
revenue hitting record high of HK$28.5 million, accounting for about 70% of the Group’s total
turnover. Mr. Fan Di, Chairman of the Board of CMDA, commented, “We are very pleased that the
Group managed to deliver a satisfactory growth in the operating performance in the first half of the
year. During the period under review, the Group has actively strengthened its logistics business and
has achieved a pleasing result. In the future, we will continue to strengthen the logistics business of
the Group. The acquisition of Guangzhou DiChain in late 2004 was our first move to expand the
Group’s business. We believe that the solid business foundation of Guangzhou DiChain will provide
stable income and profit contributions to the Group.”
With steady growth of the global economy and prolonged improvement of the PRC trade, the demand
of cross-border bonded warehousing has been accelerating and the Group’s bonded warehouse at
Shenzhen Free Trade Zone in Futian was benefited from this favorable trend. During the period
under review, the Group has further expanded its marketing team and successfully enlarged its client
base to serve a range of customers in the PRC, Hong Kong and overseas. In order to firmly secure
the existing well-established client network (including multi-national corporations such as P&G and
LG), the Group has also geared up to improve its supporting team by providing more tailor-made
cross-border services to its customers. Apart from the rental income received from the warehouse,
the Group has successfully boosted its delivery and logistics related income of its bonded warehouse.
As a result, the turnover of the Group’s bonded warehouse surged by over 50% as compared to that of
the last corresponding period. In addition, the Management of the Group has also taken
cost-effective measures to improve its warehouse operation and enhance the overall utilization level.
Looking forward, the Group will continue to focus on its core logistics business and adopt a
two-pronged strategy to develop its business: externally, riding on the immense market development
potential of the logistic industry in the PRC, the Group will expand its logistics related operations and
strengthen its network in both the PRC and overseas through mergers and acquisitions, introduction of
strategic partners and other forms of joint ventures; internally, the Group will endeavor to improve its
profit margin through implementation of stringent cost control measures and targeting and serving
world-class customers with higher profit margin.
“With the fast-expanding trade between the PRC and the rest of the world, as well as the improving
efficiencies in the PRC’s logistics infrastructures, we expect the third party logistics market in the PRC
will experience rapid changes and increasing competition in the coming years. To capture this market
opportunity, the Group is well-prepared to strengthen and consolidate its core competencies and is
committed to provide integrated and all-rounded logistics services,” Mr. Fan concluded. “We are
confident that the Group’s solid investment strategy in the logistics industry will deliver promising
returns to the shareholders.”
- End -
PRESS
RELEASE
ABOUT CHINA MERCHANTS DICHAIN (ASIA) LTD (SEHK STOCK CODE: 0632)
.
China Merchants DiChain (Asia) Limited leverages on its well-established and integrated logistics
capabilities in both domestic and international networks on both land and ocean transportation systems,
to provide an all-rounded and integrated logistics and supply chain management services. These
services encompass bonded warehousing, third party logistics and related services, international freight
transportation agency services, international ocean forwarding, logistics management and supply chain
management solution consultancy. Its controlling shareholder, DiChain Holdings Ltd., is associated
with the China Merchants Group which is a conglomerate in the PRC and has more than 100 years of
history in Hong Kong. For more information, please visit www.dichainasia.com.
I know I read it last week
it did not concern me
but some love to be negative at any chance
Glad to see the pullback in gold
I was long many gold stock but got out a week or so ago and they kept going. Just today before market opened I looked at about 40 gold/silver/etc charts and they are just parabolic. Gold itself often goes back to its 65 week moving average and it was about 25% above it.
The pullback really will help to bring the metals stocks back to some nice buying ranges as the rally is a multi year one so can be bought after this pullback.
With CTGLF a person yesterday was playing a break out chance. I play them every day and IMO you need to either have the stock that you got in advance at a decent level or you need to buy the break out when there is really big volume. Many people use break out levels to sell as there is resistance there so the volume is needed to overcome it. That is also why it often takes several tries for a break out to happen.
So yesterday one person bought 71,942 shares at 0.139 ($10,000 worth) that is fine but today I noticed the same number through so I knew they sold as it did not break out today. They sold at market so got filled at the time at 0.112 so took at 1,942 loss. Not very good money management.
Here was a break out from today that entry was yesterday as volume picked up GNBT http://tinyurl.com/9a3c5 EXFO was another - good to look for huge volume http://tinyurl.com/cmbbf
----------------
on that Dichain note from last week I saw it on the site but did not think too much of it as they in December to third party issued some convertible notes and there is some technical issue and will be resolved ok.
Company back to work tomorrow
and will see the faxes and emails.
Also can call now at their new offices.
Seeing the nice increase in buying may now get them into making some PR.
We will see but looking good.
I noticed that a day trader from yesterday was only playing for a break out so they sold today -weird way to trade but guess they will be back next time - maybe later in week
Good consolidation as expected
as I said yesterday the candle was above to top Bollinger band so needs to consolidate to make room or further gains as it has done each time as chart shows.
There are a lot of people who bought this stock much higher and when it runs up they sell some but they are not aggressive as the volume clearly shows, Each time this has moved up lately the buying has been much stronger and the weak hands selling much lighter. This shows very clearly that the buyers are holding onto the stock and buying more.
Of course we would love it to just shoot up to 50 cents but for a strong chart, backing and filling is the way to build it. A base gets build and then pullback players get an idea of when to get in.
This is shaping up how it should
Nice to get rid of the sellers
Hope we see a couple more claim to have left. One just could hardly wait to get out at 11 a couple of weeks ago and kept complaining every day for someone to please buy his shares that he bought at 12.
Now we hear from another who says they were the seller of most of today's volume.
With them out of the (with their claimed 1.5 million shares) the way should be easy going as three million shares have just been bought in the last days for gains ahead. The candle today is above the top Bollinger band now so it would be good to go sideways for a few days so the bands (the candles actually) will move over and leave room for further advance.
As the one who says they have sold said recently,
"All competent traders who can read a chart will now buy now, with 200 ma break, there is virtually no resistance until .28-.30 area.
People are starting to see this, I have friends ask me who i mentioned CTGLF months ago ask me how many shares they should pick up at .15 tomorrow.
Something big, is right down the corner, to all those who doubted fan recently and couldn't understand things were taking a little longer then expected, prepare to be apologetic.
Smart money knows this is going higher now 200ma broken, anyone who tells you different wants cheap shares."
Share chart if you can
Many people like to play break outs and this one will be also back above the 200-day which has been to years coming. It may not break on this try but if enough people see this - I think it is pretty clear to everyone that it is now at a good buy point
http://tinyurl.com/c2kkh
If you go to other boards then share the chart
I sent a fax that in part showed some China stock charts so company would be aware of the huge interest in those stocks right now. Usually interest like this comes on then dies a bit then runs again etc for a while as people who missed get a chance to get in on pullbacks. There are so many stocks involved it should go on for some time and if company can make some nice announcements they that $0.40 target could come into play for shorter term move over the coming month or two.
Here are some of the ones I showed.
http://tinyurl.com/8jf5o
Called company
I thought the New Year Holiday was over but -- today I called the China number and they have finished the office move so new number. I reached a girl at the http://www.dichq.com/en/ office and she gave me the new number and said that each company picked their own days to take off for holiday and she was working as their wireless modem was so popular that she needed to.
She took my faxes for Frank and Sifie and said she would give to them on Wednesday.
getmynaz - villebout
I put the number for Leon a couple of times 852 2255 0632 (that is in Hong Kong) Only you know what phone service you use so they can tell you the exit code - normally in North America it is 011 but some phone cards or other services may have a different one I suppose. Call 0 and ask.
As to charts not showing it only happens if stockcharts is down.
getmynaz
Do not know what you mean by stocks with this much green
if you mean stocks going up I put some up on the CPICF board from time to time and recently a couple went up a few hundred %...
There are so many hot stocks now - I will post some more in a day or so
As rabblerouser said stockcharts has a nice free scanner and if you put in "stock screener" in google you will find some screeners with various criteria.
If you want to play penny stocks the check a daily movers page and look at stocks with huge volume moves then check their chart
http://tinyurl.com/deau4
agree tibbsc that news would be great
but stocks can make and do make huge moves every day with no news.
LOUD up 50% in two days on no news and is now at a second trend line is an example but many of those I put on the other board ran up 100% on no news.
http://stockcharts.com/def/servlet/SC.web?c=loud,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
And CTGLF has done so before
we will see but the more traders there are then the more eyes pay attention in the future also
a good many of the China plays pulled back today so will run again I think though CTGLF on different time schedule.
I will fax them again on weekend
0.12 to 0.28 last time this volume
so long ago - does not seen so long but May was the last time we did 1.2 M shares and the stock shortly went from 12 to 28
http://stockcharts.com/def/servlet/SC.web?c=ctglf,uu[e,a]daclyyay[dd][pc50!c200!f][vc60][ila13,25,8!...
From the weak to the strong
The way a stock moves up it to get rid of the weak holders. This stock had been dropping a long time back when the company had no profits. So on good buying interest the weak ones leave and those that realize the company now is profitable and the price is rising are buying.
Here again is the 3-year weekly chart and it shows that the break above the 2-year down trend is very significant. It is also useful to use a weekly chart as it takes out a lot of the noise that comes on a low volume stock.
http://tinyurl.com/c2kkh
This is really a very encouraging chart and good to post on other China stock boards as many people are buying up all the China stocks will good charts.
Other China stocks include:
NINE JRJC CHINA CHNR CHMS CHDX CESV CAAS CXTI CTDC CLWT CNTF CBA
Plus or course many penny stock players should be interested
CHDX
maybe a good play again next week - gap is filled
http://stockcharts.com/def/servlet/SC.web?c=chdx,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
Keeping it real
We have never seen a day with over 1M shares traded in 1 1/2 hours of day in over a year yet some want newbies to not buy at 13
I want all to buy at 13
and 14 and 15 and 20 and 25
Duh - how do you think it gets to the 200-day with out the buys.
Look at the stocks I have mentioned on the other board and the huge huge gains they have made and then see that there is little news - a stock can run with no news as news can come later.
Keeping it real is to say that this stock is under priced and a buy here and above will pay off. IF you do not agree then you need to find another stock
Here is chart and first target $0.40
You can see the trend line break and now about to break above 14 and the 50-day EMA - then that is done its next real target is 0.40 at the 200 day and has resistance there
http://tinyurl.com/c2kkh
JT I sent mail
wanted to keep it off the board but some do not understand the special situation the market is in now regarding China stocks and how parent companies can help if they wish.
Beijing Holdings is majority owner of CTDC and is it strange that the stock who has no profits and tiny sales goes up 650% -- not hard - parent company has $3 billion.
CTGLF is owned by Dichian Holdings and their major owner is China Merchants Group also with $ billions.
They may or may not help make a run now but when they did 2 years ago it went above $1.50 on over 10M shares -
When this gets back over 15 it can get noticed but a move over 30 would really get noticed.
No need for bad mouths - this is not that average time for China stocks-- next week we could easily see a move to 30 and then maybe a break out
we know the price now is a silly low level yet some still jstu love to think be negative even on a day with record volume - who needs that crap...
It can run as all the China stocks are
look - there is not logic for ones like CTDC to run up so high - it is what happens every so often and idiots may want to take a quick 2 cent profit - dumb dumb dumb dumb
this is not a normal time - look at the china stocks NOW
we not need bashers who only want the stock to stay low
Take a look at NINE JRJC CHINA CHNR CHMS CHDX CESV CAAS CTDC CLWT ...etc
this is a time to let them run ---
Volume close to 1 million in first hour and it you want it to go to 30 again then let it run 100% to get noticed by the crowd
have some been blind to the china stocks the last two weeks - they do not have news - they are running and if they get high enough they really start moving.. like CTDC after it move form 2 to 5 it then got noticed and volume really picked up.
CTGLF 2 years ago had many million of shared traded and went to 1.45... but some want you to sell for a 2 cent gain.....
JT
please can it
Many have run 600% so $0.60 sounds good
Ones line CTDC with less revenues and no profit ran 650% and CHNR etc etc up 200- 600%
So a run like that would take this to 30 cents - but actually a move to 30 cent area again like last year in the next week would be nice and it then would draw the attention of many...
Market cap on CTDC now $154 million and CTGLF only 34 million so a good run ahead
Re: I have tried
They are on vacation this week. I called today and a Asst. VP for Dichain Asia was in and he said even though the official New Year ended that most take the rest of the week off. That is kind of what I figured anyway. Will fax them on weekend with pix of charts of all the Chinese stocks that have run up sop hard this week so they can see why news could help at this time.
Hot today = CESV
Got in that one as soon as available today at 8.75... nice ran to over 11 so took first profit
CTDC ran to 15 sold and shorted
CHDX also nice CHINA NINE CHMS JRJC CAAS amazing
Numbers work
I called Leon's line it works fine 852 2255 0632 (that is in Hong Kong)
his voice mail comes on after maybe 10 rings as I figured many are off for the week for New Year - it really ended yesterday but most just take off the whole week.
The China number there is no answer as they are off this week.
I called another Hong Kong number that Dichain Asia uses and Asist. VP at Dichain Asia said that he just happened to be working. He is not involved with CTGLF but the logistics business is growing for Dichain Asia and as we know they also made a profit last year. I told him the the huge gains of CTDC as of course he knows Aaron Zhu and I asked him to please explain to Eddie and Leon and Frank the importance of some press releases right at this time and he understood.
villebout - the numbers work fine - it is just the holiday time. Of course you first need to dial the USA exit code to make an international call.
Re: where did the volume come from huh!?
As mentioned CTDC is run by former CFO of CTGLF and Executive Director for China Merchants DiChain (Asia). CTDC used to have volume of 800 shares in a day or a big day of 30 or 40k. Today it did 10 million - yikes.
10 days ago it had a market cap of about 14 million or half of CTGLF and today it has $81 million so could buy CTGLF 3 times over. Going up 600% in 7 days and CHNR also up about the same brings interest to Chinese plays. If we could get the management to do some promotion we might see some huge volume also.
Right fax I forgot - here #
Yes the fax numbers are
Fax: 852-2851 3660 Hong Kong
Fax:86 755-333 0125 China
the country codes above at 852 and 86 as shown
CTDC and CHNR are both up about 500% so of course they will loose a good amount of that so all those traders will be looking for something hot. If they knew about CTGLF some may come in. So far today CTDC has done over 8M shares so $80M spent - that amount in CTGLF would be 800M shares - yikes - so even 10M shares in a day would be nice to see. Promote! and send a fax to get them to help.
If this did like the two above would be at 50 cents which at least is logical while the other two now are unknown situations
Mass mailing time again
As you all know - Chinese stocks have been absolutely on fire the last couple of weeks but no one knows about CTGLF as they have made no shareholder mailing and no press releases.
CTDC China Technology Development with CEO Aaron Zhu who used to be CFO of CTGLF and President of CPICF from $2 to $10 (500%)
in two weeks
JRJC China Finance Online from $6 to over $9 in a week
CHDX from $4 to $9 in two weeks
CHNR from $3.50 to $20 in two weeks (550%)
and
CXTI China Expert Technology doing well with new contracts
NINE another tech company and
CHINA also doing well
They need to be pushed to making some press release - there for sure are traders very excited about buying Chinese technology. This added interest is exactly the perfect time for announcements as folks already are hot on China stocks.
I know many of you have sent notes but continued words from us can help. Send to
EddieYu@dichainasia.com, frankfan@dichain.com, investors@chinatechglobal.com, leonzhou@dichainasia.com, sifiefu@chinatechglobal.com
Tell them that this is the exact time in the USA stock market for Chinese stocks and they need to act now
A good start of the day
CHNR adds another 8% so far and CTDC is 30% in pre market and CHDX 22%
did not mention
for some that did not follow CTGLF or CPICF for a while Aaron Zhu the co CEO of CTDC China Technology Development Group was formerly CFO at CTGLF and Executive Director & President of CTGLF.
This is an old Forbes bio
http://tinyurl.com/cgza3
CTDC CHNR continue - been great China plays
CTDC added 70% today
and CHNR up another 22% - so now $18 up from $5 on first post so over 350% and CTDC made a double in the same time. CXTI up to 2.60 from $2 so only 30%.. still decent
Time
do not know for sure where you are NYC?
anyway you can call their time maybe 10:00. No way to tell best time.
Country code given
China 86
Hong Kong 852
full #
Leon's direct number in Hong Kong is 852 2255 0632
If he is in China you need to call the main number 86 755 3330 1818
Eddie Yu in Hong Kong is 852 2255 0639
Sifie in Honk Kong 852 2255 0688
New Year runs today 31 and tomorrow Feb 1 - so if they are closed they should be open on Feb 2
CXTI cobntinues today
With maybe 35 cents earnings do not know why this is not over $5 but some movement today
http://tinyurl.com/8bbtx
On Intel
Intel could of course bounce but its been going down for 4 years while AMD has been going up
INTC broke its long term trend line so is not at a good place to buy
http://tinyurl.com/bfvs6
There are so many gold stocks that can be held for the long term. Gold will likely stay bullish for at least 5 more years
CDE another new high and touched the first resistance point
http://tinyurl.com/dwnh6
PAL palladium nice break out today - was a no brainier
http://tinyurl.com/bypqe
BITS good volume today and close to new bo high
http://tinyurl.com/7ltu4
villebout - I think wrong term
You mentioned the sales as likely "regular shareholders" instead of "dilution"
Dilution is if a company issues more shares and of course CTGLF has not done that since it did last Spring to pay off the office staff bills for the prior 2 years as Dichain Asia had paid for that.
So any selling is just usual shareholders
Yes - the buyers and the chart
it goes up on higher volume as folks buy to hold then pulls back on tiny vol as the little weak ones sell.
The chart looks good - maybe we can see a double again in February this time to 16 then base at 200-day
The bull backs are higher each time..very good
The bid is not up much as the buyers want low prices of course and this induces the weak ones to drop their offer a bit..idiots.. oh well good to get rid of them
http://tinyurl.com/cuwdk
On weekend send them New Year greetings
I expect they will not be back to work until next Thursday but not positive. I know the official holidays as I see listed for China are Jan 30-31 and Feb 1,
Anyway I know some write them notes but no reason to give up - just send a New Year Greeting as we show we are part owner of the company.
investors@chinatechglobal.com
sifiefu@chinatechglobal.com
frankfan@dichain.com
EddieYu@dichainasia.com
leonzhou@dichainasia.com
Only takes a few minutes.....