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Does this mean BSPM gets a dilutive PIPE?
GCHT I only flipped once from my 1.47 buy in. Now its a long term hold along with CPQQ CHIO CKGT and NEP
GCHT GC China Turbine Corp. Closes Share Exchange With Wind Turbine Manufacturer
Press Release
Source: GC China Turbine Corp.
On 3:00 pm EST, Monday November 2, 2009
Companies:Gc China Turbine Corp.
CENTERVILLE, MA--(Marketwire - 11/02/09) - GC China Turbine Corp. (OTC.BB:GCHT - News) (the "Company" or "GC China") is pleased to announce that on October 30, 2009 (the "Closing Date"), GC China Turbine Corp., a Nevada corporation, closed a voluntary share exchange transaction with a wind turbine manufacturer based in China pursuant to a Share Exchange Agreement (the "Exchange Agreement") by and among the Company and related parties collectively referred to as "GC Nordic Group."
At the closing of the Exchange Transaction the Company issued 32,383,808 shares of its common stock to the sole stockholder of GC Nordic Group for 100% ownership of GC Nordic Group. US$ 10,000,000 in previously issued convertible promissory notes was converted into 12,500,000 shares of the Company's common stock. Immediately prior to the Exchange Transaction, the Company had 7,686,207 shares of common stock issued and outstanding. Immediately after the Exchange Transaction and notes conversion the Company has 52,570,015 shares of common stock issued and outstanding.
As previously announced, as of September 4, 2009, Mr. Hou Tie Xin, Ms. Qi Na and Mr. Xu Jia Rong and as of October 16, 2009, Mr. Christopher Walker Wadsworth were appointed to the Company's board of directors. Mr. Hou was appointed as Chairman of the board of directors. Effective as of the Closing Date, Mr. John J. Lennon resigned as Chief Executive Officer, President, Chief Financial Officer, Secretary and director, and Ms. Qi was appointed as Chief Executive Officer, Ms. Zhao Ying was appointed as Chief Financial Officer and Mr. Tomas Lyrner was appointed as Chief Technology Officer. Mr. Marcus Laun remains as a director.
Further details regarding the Company and details of the share exchange agreement, additional debt and equity financing agreements and further information about the business, financial condition and management of GC China and related parties are all filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
About GC China Turbine Corp. (OTC.BB:GCHT - News)
GC China is a leading manufacturer of state-of-the-art 2-bladed wind turbines based in Wuhan City of Hubei Province, China. The Company holds a license to manufacture a groundbreaking technology which meets rigorous requirements for low-cost and high reliability. The technology was developed through a 10 year European research project costing over US$ 75 million. GC China's launch product is a 1.0 megawatt ("MW") utility scale turbine with designs for a 2.3MW and 3.0MW utility scale turbine in development. The Company's initial efforts have been rewarded with contracts of approximately US$ 128 million to-date.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
�
ON BEHALF OF THE BOARD
GC China Turbine Corp.
- - - - - - - - - - - - - - - - - -
Marcus Laun, Director
For more information visit our website at www.gcchinaturbine.com
CPQQ adding here . Earnings are due soon and they should be very good. Also adding NEP.
GCHT is a monster. No matter how bad the China small caps get they hang right in there.After it breaks $3 it could run.
CHIO,,,,crapping out @ .96 bouncing off LOD @.90
I think i jinxed everyone by stepping onboard.
CKGT i think earnings for this coming quarter will be not as good as many hoped. Lots of PR about future growth, but I was fed a little misdirection as far as the cactus feed is concerned. They havent even produced any yet.Plus the possible extra shares/warrents that could come into play bodes some dissapointment ahead.Im holding some dry powder here as I think CKGT will go a lot lower.
CKGT Looks like this week will be another China small cap sell-off.
CKGT I was under the impression that they were already producing the cactus feed. The fact that they havent even started will be a shock to this quarters earnings.
YONG Two stores set a sales record in a product...$30k during a promotional event isnt really news that should be PRed.
How about a chart for RODM
Dow futures now green. The fact that their wasnt any bailout by uncle sam is seen as a big positive to the market.
I can only hope that my bargains will be priced lower.
If it was going to be a selloff the dow futures wouldnt just be down 4 points.
Im looking to take a position in PUDA.
Well I guess with the markets down about 250 yesterday and RODM up 15% I guess I will look for another 15% jump on Monday.Lots of China bargains to pick from.
According to the site you recommend USA forex futures are up 1.60%
Thanks. I regret kicking the cat now.
CKGT If the markets weren't bad enough this has to happen to my safest stock.
Rally doesnt seem to have strong legs. Probably a little profit taking after such a bad week.
REBOUND
China small caps turning green.....except CKGT
CKGT cash transfered and ready to scoop up some 1.40's amd 1.30's
Free pass
Its hard to worry to much about this slump. Even with the recent pullbacks I'm still up over 100% in the last two months. I can wait this out.
I think we should liven this board up with some songs. Does anybody know .."Nearer My God to Thee"?
CKGT I added today at $1.51 and will put in some stink bids just in case they fill.
CSR missed estimates
Stay out of the stock market. Lots of lies and scandals all around.
From a purely statistical/analytical perspective it seems quite obvious that due to excessive shaking the carbonation pressure has built up to intolerable levels.All that is necessary for the mad rush back into China small caps is for someone to remove the top from the bottle.I think 'burp' should be nominated for the job since his handle adequately describes the dangers from excessive carbonation.....what a way to bring in post #8000
CHIO traded in A/H for $1.19 Just 200 shares though at 7:53pm
Reminds me what my dad told me. When I asked him when i was little where babies come from he said most parents bought thier babies at Sears and assembled them with a kit. But I was a K-mart blue light special. Not quite as good as the Sears babies but a heck of a lot cheaper. Makes me favorably inclined towards blue light specials.
CHIO trading up in A/H on Nasdaq
CHIO Its about time this dog has an upward run.
CHIO well heres my contribution . In some at $1.12
CHIO is crashing
Wow, this is getting unreal now. Even if I could pick up some more at a buck im not sure id want to.. It just cant hold its gains for nothing.
None. I ran out of cash. But if I take some GCHT off the top I will nab some.
Lots of winners at ECSC. Just takes some patience.