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Who is Karen ???
Let's see the news today or tomorrow and we will most probably fly very higher
1B600M shares for a company who trade between 0.0001 and 0.0002 and who dont realy make money over .
Or yes they make more money over selling shares than running business .
Nothing clear with them ,people are waiting since months for this tv show .
Surfcast talked about 100m in volume for the show lol .....
well let's see your 100m in volume today surf
The O/S and float was confirmed severals time by TA .
TA know anything if the company want to sell shares the first to be informed is TA .
If the informations TA provide since weeks now are not true then TA are scams and they can have there business closed .
And certainely at this time when the US gov dont want to play with scams on the market .
They take the responsability to take money 30$ for the up2date informations I realy dont think they should lie to all these investors .
So I think the o/s informations we received are well true also we have see a mail where they confirmed again that the company confirmed also that the O/S was not changed .
So they are definitively well affiliate with
Wuxi City Steel Ball Co., who is one of the major actor of this market in China .Very serious company and very big with a lot assets .
More I search and more and get small informations from my contact in China more it look like to be a serious business .
Something very big so I keep my shares and wait due that this could be the one to become a million dollar man soon
NOTE 1 - FORMATION AND NATURE OF BUSINESS
China Jiangsu Golden Horse Steel Ball, Inc., a corporation incorporated in the State of
Nevada (collectively with its subsidiaries, the “Company”), is principally engaged in the
manufacturing, sale and distribution of ball bearings throughout China and worldwide
through its foreign subsidiaries and its controlled affiliates of Jiangsu Golden Horse
Steel Ball Co., Ltd. and Wuxi City Steel Ball Co., Ltd. in China. The Company is
headquartered in Jiangsu Province in the People’s Republic of China (“PRC” or “China”)
and has its corporate office in Wuxi City and two manufacturing plants in Wuxi City and
Xuyi.
CHINA JIANGSU GOLDEN HORSE STEEL BALL, INC.
Financial Statements
As of December 31, 2007, and December 31, 2006
CERTIFICATION
I, Qiang Ma, Director and President of China Jiangsu Golden Horse Steel Ball, Inc.,
hereby certify and attest that the above financial statements present fairly, in all material
aspects, the financial position of China Jiangsu Golden Horse Steel Ball, Inc. and the
results of its operations and cash flows for the periods presented, in conformity with
generally accepted accounting principles, consistently applied.
/s/ Qiang Ma
Qiang Ma
Director and President
02/04/2008
China Jiangsu Golden Horse Steel Ball Inc.
Balance Sheet as at
December 31, December 31,
2007 2006
Assets
Cash $ 321,937 $ 612,010
Accounts receivable 3,554,036 3,351,351
Inventory 5,242,084 2,682,926
Investments - -
Prepaid expenses 1,705,076 1,714,525
Other assets 4,068,417 4,346,394
Total current assets 14,891,550 12,707,205
Fixed assets (net) 3,934,874 1,641,827
Intangible assets 239,115 226,098
Construction in progress 1,242,144 763,680
Total long term assets 5,416,133 2,631,605
Total Assets $ 20,307,683 $ 15,338,810
Liabilities
Accounts payable $ 1,716,490 $ 1,131,905
Taxes payable 108,028 728,104
Short-term loan payable 4,313,190 2,590,440
Other payables 7,314,937 5,136,691
Total current liabilities 13,452,645 9,587,140
Shareholders' equity
Share capital 2,758,621 2,567,394
Contributed surplus 110,858 302,499
Retained earnings 3,985,560 2,881,776
Total shareholders' equity 6,855,038 5,751,669
Total Liabilities and Shareholders' Equity $ 20,307,683 $ 15,338,810
China Jiangsu Golden Horse Steel Ball Inc.
Statement of Income (Loss)
For the For the
Year Ended Year Ended
December 31, December 31,
2007 2006
Revenue
Net Sales $ 12,912,792 $ 11,530,633
Less: Sales tax 31,148 69,646
Cost of sales 11,197,629 9,584,047
11,228,778 9,653,693
Gross Margin 1,684,014 1,876,940
Less: Selling expense 83,917 142,110
General and administration expense 536,697 326,947
Net interest expense 236,017 162,148
Exchange loss (less exchange gains) - -
856,631 631,206
Income from main operation 827,383 1,245,734
Add: Income from other operation - -
Operating income 827,383 1,245,734
Add: Investment income 143,079 27,603
Less: Non-operating expense 34,749 41,645
Add: Adjustment to prior year's income and expense 711,726 -
Income before tax 1,647,439 1,231,692
Less: Income tax 543,655 423,205
Net Income $ 1,103,784 $ 808,487
China Jiangsu Golden Horse Steel Ball Inc.
Statement of Cash Flows
For the For the
Year Ended Year Ended
December 31, December 31,
2007 2006
Cash flows from operating activities:
Net income for the period $ 1,103,784 $ 808,487
Add non-cash items included in net income
Amortization of fixed assets 234,516 276,467
Non-cash adjustment to prior year income (711,726) -
626,574 1,084,954
Net change in non-cash working capital items
Accounts receivable 84,741 (5,551,208)
Inventory (2,559,158) (72,133)
Accounts payable 3,865,505 3,932,535
1,391,087 (1,690,806)
Cash provided by operating activities 2,017,661 (605,852)
Investment activities
Acquisition of capital assets (2,307,734) (395,926)
Cash used in investing activities (2,307,734) (395,926)
Financing activities
Issuance of shares - 1,325,158
Cash provided by financing activities - 1,325,158
Increase in cash during the period (290,073) 323,380
Cash, beginning of period 612,010 288,630
Cash, end of period $ 321,937 $ 612,010
Financial Notes
NOTE 1 - FORMATION AND NATURE OF BUSINESS
China Jiangsu Golden Horse Steel Ball, Inc., a corporation incorporated in the State of
Nevada (collectively with its subsidiaries, the “Company”), is principally engaged in the
manufacturing, sale and distribution of ball bearings throughout China and worldwide
through its foreign subsidiaries and its controlled affiliates of Jiangsu Golden Horse
Steel Ball Co., Ltd. and Wuxi City Steel Ball Co., Ltd. in China. The Company is
headquartered in Jiangsu Province in the People’s Republic of China (“PRC” or “China”)
and has its corporate office in Wuxi City and two manufacturing plants in Wuxi City and
Xuyi.
NOTE 2 - BASIS OF PRESENTATION
The accompanying unaudited financial statements have been prepared from the books
and records of China Jiangsu Golden Horse Steel Ball, Inc. and from other information
supplied by management. These financial statements have been prepared in
accordance with generally accepted accounting principles. There has been no audit or
review to verify the accuracy of the information provided. The Company believes that
the disclosures contained herein are adequate to make the information presented not
misleading.
The condensed financial statements have been prepared on a going concern basis,
which contemplated the realization of assets and satisfaction of liabilities in the normal
course of business.
The financial statements do not include adjustments relating to recoverability and
classification of recorded assets amounts, or the amounts and classification of liabilities.
The Company's ability to continue as a going concern is dependent upon its ability to
generate sufficient cash flow to meet its obligations on a timely basis and, ultimately, to
attain profitable operations.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR
PLAN OF OPERATION
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this Section and elsewhere in this report regarding
matters that are not historical facts are forward-looking statements.
Because such forward-looking statements include risks and uncertainties, actual results
may differ materially from those expressed or implied by such forward-looking
statements. All statements, which address operating performance, events or
developments that management expects or anticipates to incur in the future, including
statements relating to revenues and earnings growth or statements expressing general
optimism about future operating results, are forward-looking statements. The forwardlooking
statements are based on management's current views and assumptions
regarding future events and operating performance. Many factors could cause actual
results to differ materially from estimates contained
The Company operates in the steel ball manufacturing industry and the Company
believes it has certain products, which could be well received in the market place and
hence could generate revenues and profits for the Company. The Company's products
and business are described in detail in the corporate web site
www.goldenhorsesteel.com and investors are urged to review the information contained
on the Company website.
The Company has prepared its financial statements according to generally accepted
accounting principals (GAAP) and management hereby certifies the same.
China Jiangsu Golden Horse Steel Ball Inc.
/s/ Qiang Ma
Qiang Ma
Director and President
02/04/2008
I dont plan to dump it right now :)
I will for sure due that I am here to make money over but I will wait the PPS go higher .
Outstanding - 36,442,990 then with my last rebuy I own not far from 5% of the O/S
Yes but yesterday there was 5 Bids today we have one bid .
should someone sell some millions more today at 0.0002 and we are back to nothing .
We where on the way to climb back with the support we got before .
More and more shares where buy over at 0.0003 .
Now we will fast trade back between 0.0001 and 0.0002
How old are these numbers ? who exactly know the updated O/S .
Who know if 100M shares more where not sold ?
So if anytime there is someone that bid 0.0002 the guy sell shares to them I dont see the price going backup soon .
Do anyone know the mail address or website from Florida Atlantic Stock Transfer, Inc.,
?
I tried to find it on google but they look like to not have a website .
I realy dont want to bash a stock I own a large position in it .
I own a lot of shares too .
But when you see blocks from 9M shares sold at 0.0002 on a company having never traded very much at 0.0001 and with a low o/s 380M you can be sure it is the company who sold these shares .
When I got my shares I got them same way bidding for 10M shares at 0.0002 and after 1 day I got my shares 9M + 1M lol .
Here too many big blocks sold at 0.0002 + the O/S increase is not a good sign .
So I would like to know what is the OS today .
Will try to contact the agent from the company to know it .
Board error admin please remove this post
The problem look like dilution and this is a bad news to know they dilute more shares .
When I started to follow this company +- 2 months back the O/S was +- 380M shares and when I watch today the O/S is 414M .
And this not count what he probably sold today .
So this mean the company sold 34M shares on the market at 0.0002 .
If the guy continue to sell shares when we are so low the price will fast go back definitively to 0.0001 .
I hope not but that will soon be like this if they sell more shares before the pps climb back .
I still think something will happen very soon we see some good support on the level2 .
oups board error admin please remove
Thank you for the correction I am still learning more and more in english grammar every day :)
Yes agree with you to say something is strange with them when we see all the volume we got it look strange to me that we are not higher .
Now it would be nice today to have a updated O/S informations from the TA to see if they diluted or not yesterday .
I watched the trades since 3 days and something will happen .
All these big blocks of shares buy over since 2 days is a sign that someone somewhere know something
I think we will see a big move before the end of the week .
10M shares buy and 5M sold .
Most flipers are done most shares buy at 0.003 where already sold back at 0.005 and 0.0055 .
If tomorrow we have again a positive day with more buy than sell it could bring us to a big support period and climb back of the price to 0.03 or 4 in the next trading days .
And yes for sure if realy we get positive news we will flight
Good I will finaly be able to sell my shares at 0.0004
I will not give companies name but guys to make money over with companies trading so low you better to try your luck on the OTCBB and with companies having a O/S under 500M .
There you can have the luck to make money over ,you will just need to wait .
Also OTCBB any companies need to provides quartertly repport every 3 months or they become delisted .
There you can read something for your money "the quarterly repport" and know exactly what they are doing with your money .
I am in 2 companies on the pink this one included and when I sell my shares I never buy anything anymore on the pink .
Yes but not all pinkies have the O/S so big most of them who do have are scams .
Sorry but say one month back we buy back 100m shares then without inform anyone sell 1 billion ... there is a word to call that !!!
But ok again this is typical from these pinkies companies .
Be happy if you can sell your shares at 0.0004 .
The most funny with this stinky pinky is that +- 1 month back they posted a news who say they will buy back 100M shares and today you see that on place to buy back shares they sold 1 billion shares over in the back from shareholders .
So tv show or not I think it will be very very difficult to trade back at 0.001 .
1B600M O/S lol .... one more company making more money selling shares than running business .
Well you need to buy at Ask price and then you will be sure to be filled .
At bid you never sure to get your shares .
Also when you see that you have severals ask avaible at same price no need to set AON normal will allow you to get your shares from severals people if one is not able to completely fill your order .
It is more looking to close at 0.007 :)
Yes that is the second possibility for this A/S raise .
Aquisition and the 20M locked shares could be a sign .
Again it's too late to dilute now to take a lot of profit dilution was needed before .
Well I think not, they have a strange way to work but I am sure from the small informations I got .
It look like to be a big production center for ball bearings for the industry + steel balls .
The small informations I got made me buy more shares due that I still think something will happen .
The company is well existing and possible more busy to make business than sell shares .
If the company was looking to dilute shares you will agree with me that it was better to do that some weeks back when the price was at 0.02 and not when the price will be 0.002 .
At 0.002 if they dilute 100M shares we go to 0.0001 .
So it look to me that the there is another reason that caused them to raise the A/S than looking for dilution .
I think more it is an anti takeover system to prevent someone buy them over and have majority of the shares .
Again if the company was looking to make money selling shares that was done long time back and not for 10M shares but well 200M or 1B shares like a lot of stinky pinkies companies who dont earn any money .
Well for the moment I didn't receive more news and I asked back when the next contact will be done .
I got the answer that she called severals times that finaly she got an answer that on the production center no one realy take care of the stock market informations .
So madam qin provided a celular phone number from the responsible person in China for shareholders informations.
My contact tried 2 times to call the number but dont got answer at this time .
This was done today she promised me more informations soon .
Following what my contact told me she will not surrender and push them to provide some more informations .
This is the right of the shareholders to ask this to a company I own a large position with them since my rebuy of yesterday .
So I am waiting when I know more I will post it here .
Later
leole
If the O/S stay so low personaly I bet yes and no need to wait weeks anymore .
Look like someone know something we dont know ,I bet we see a news very very soon .
1m250k buy at 0.0040
The level 2 look very good we will see a big run very soon .
Someone bid 0.0035 for 1150000 shares and a lot of shares where loaded at 0.0040 .
When we know the low O/S we have at this price if we get some large buyout the price will climb back to 0.02 easy .
We have a rock support at 0.0002 over 20m shares sold last 10 days at this price and still 3 bidders .
Look like someone acumulate shares at this price .
We need to see the next quarterly repport and have some news to help the PPS to climb back .
The low O/S is very good and if they dont raise it back and that news in the future are good we will trade very higher in the next months .
More like 0.0025 than 0.0002
No problem we are all on the same boat so when I am able to help other shareholders who like me believed in the company I will do .
Also normaly I will receive more informations in realy not long .
follow up contact on production site done .
Just to inform shareholders of China Jiangsu Golden that my contact in China successfuly contacted the company .
And talked to madam Qin .
My contact still need to contact them back to ask all questions we have she do not explained me wy but they asked we call back later .
Now there is some good news for people who are able to wait .
First the company exist and is well a production center that produce steel balls but not only that .
This company also product ball bearings for any kind of machinery like cars ,washmachine,and all type of hardware that require ball bearings .
So this is a very very big market not like the steel balls only business .
I will receive more news later today or tomorrow .
But the company is well existing and well linked to CJGH.pk .
Later
leole
And today at market close a fabulous PR that would be totaly crazy something with great earnings and market upgrade to OTCBB
people are moving out the market before the week-end scared for more bad news and bankrupts with banking institutions
There is no dilution the OS was confirmed severals times .
This is just people selling shares due of the bad time on the market + that CJGH do not provided news since over 4 months now .
We wait the financials and still nothing .
This is wy we are going so deep .
Nothing to see with dilution .