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What's the status on the NIR/PWC liquidation here? PWC in control now? Last time I asked, post was deleted. Sure seems relavent to me.
Less temptation to short from .001, as compared to .002?
It also goes the other way with buying, unless it opens @.002 or more after the RS.
EPGL
.0002's getting hit now!!!
EPGL
Sure like that last paragraph!
EPGL
There was about 400k yesterday and b4 that about another 1-200k, so only about 500k total that I recall. It's a start...
2,s starting to drop.
Errr, market closed early.......
All the sell orders at .0002 cancelled, nothing in between?
There were 160 mill on the ask at .0002 yesterday. Was that 1 order or the sum of all the sell orders @ .0002?
The .2501 is strange. Why not just .25?
That's what I see too.
Dood, Alisyn's hot. Liked her for some time. I'll knock over some .0002's just for her Monday....
14m on bid @.0001, 160m on ask @.0002, according to my E-trade acct.
You would think current bagholders that think it will dive after the RS would be selling at .0001 now and avoiding a higher loss @<.001 after the RS.
IMO, the .0002's will go in a heartbeat if the next PR is anything believable and good.
I must add, I did ask questions to Elizabeth @PWC. Never got a response, but the last PR was released the very next day. I would think at this point, any info. released has to be in public.
If any dumping is done by "equity holders" after RS, they won't make squat, cuz it will be back down to .0001 fast. They wouldn't get squat with another RS down the road either, IMO.
W
Look at IGNT. It's another AJW Fund company going through restructure similar to here.
"Not far away, a big sign impressively standing"
http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.changle.gov.cn/CLDT/MSSQ/201206/t20120612_18987.htm&sa=X&ei=kXTfT8mlNYXM2AWzz6HzBQ&ved=0CH8Q7gEwBQ&prev=/search%3Fq%3D%25EF%25BC%2588%25E2%2580%259C%25E5%25BA%25B7%25E6%25B3%25B0%25E6%2596%25B0%25E5%2586%259C%25E2%2580%259D%25EF%25BC%2589%26hl%3Den%26sa%3DX%26tbo%3D1%26rls%3Dcom.microsoft:en-us:IE-ContextMenu%26biw%3D1621%26bih%3D1099%26tbs%3Dqdr:m,sbd:1%26prmd%3Dimvns
"Publicized announcement of the 2012 new key leading enterprise of agricultural industrialization in Beijing"
http://www.bjnw.gov.cn/zfxxgk/tg/201206/t20120618_299435.html
New website for 3Kang.com.
http://www.3kang.com.cn/
Watch the follower count go up now. New eyes are upon this.
4.5 B to recover as much NIR debt by PWC for NIR investors, foremost.
Apparently, putting the ticker in your posts, helps get noticed.
EPGL
EOD ask was at .0002, I believe. We'll see tomorrow!
Insiders?
Does this company have convertible debt with NIR/AJW funds that are now in liquidation? PWC is handling the liquidation and resolution of the notes outstanding in the funds. Could have something to do with the volume over the last few months.
Here's the link for the companies in the AJW funds. Also check the NIR board.
http://nirgroup.blogspot.com/
AJW Funded Co. List. Link posted in I-box.
http://nirgroup.blogspot.com/
Was this an attempt to rid NIR of notes in which fraud and manipulation were blatant?
Has there been a list compiled by anyone as to which notes were contained in the transactions?
I recall a PR claiming a $20 mil. fertilizer contract was signed late in '08 by Kiwa. This turned out not to be true and Kiwa denied the PR. I believe they still have the disclaimer on their website. All the while there was massive dumping, due to conversions.
If Kiwas notes were sold by Ribotsky, who owns them and are they still valid?
I don't think Mr. Lei is ready to stick a fork in it yet.
IMO
W
Just my opinion, given that the convertible note holder is being liquidated.
Quiet on purpose.
Something to follow..
http://ajw-group-liquidation.com/
We still have hope.
Convertible notes need to be resolved.
IMO
IMO, purposefully.
Looks like somebody needed the $ bad and didn't care about what they ended up with, as long as they were out.
Blow it off...........
!!SEC Charges Long Island-Based Hedge Fund Manager with Fraud Involving PIPE Transactions!!
http://www.sec.gov/news/press/2011/2011-194.htm
CW, did he specifically say Kiwa here, as you stated? Was he talking about funding KWBT or Kangtan?
"Then the interview come the key topic about funding. The director of China Bank of Construction explained that the RMB 80 million will be based on Kiw's sales contract. The director said that they will release the money to Li Wei so that they can expand Kiwa's business."
Just trying to speculate the direction things may be headed.
Thanks
Things like this that pop up once in a while lead me to believe they are still making the effort.
http://cn71114.chinaw3.com/pages/t2011826170108.html
Maybe the plan is to just act like the company does not exist (STFU) and wait to see what happens with NIR.
There's obviously not a lot of dumping going on yet.
I'm curious to hear what Bob might have to say, but don't expect any secrets.
I would think it would be a smart move to keep it alive. There's too much opportunity there and too much grief to let it go. and he owes employees $
Isn't Kiwa supposed to be the provider of the fertilizer to the other co.?
Something not right there either.
other opinions welcome.
IMO
I think shareholders have the right to vote.