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China Merchants did not fund
I do not recall any funding from China Merchants to CTGLF or Dichain holdings. It was a PR stunt to tie the two together and CTDC copied that idea and it has served them very well as they make no profit have tiny sales and super price. The former CFO of CTGLF moved with them a while and set that up.
Maybe a year or more ago China Merchants dropped showing Dichain Holdings on the site and never showed Dichain Asia which was a clue since Dichain Asia has bonded warehouse space yet China Merchants formed a competing company. Dicahain Asia could not even make money on renting warehouse space which to me is crazy as it is so needed there and require no cost like machines and so forth.
But Frank Fan is with DC Capital (Dichain again)and their business is to set up M&A so for sure he will be trying. He has millions of shares so will not let it just away.
Re: what do you make of this post by CUinvest
Rather strange post as this informaiton about the sale of Dichain Asia by Fan and how Dichain Merchants no longer showed them on their list is not new information.
The poster said they sold the day they posted - meaning yesterday . Duh - why did they wait for the prcie to get so low? Most of the former holders sold in the spring when the news was fresh and after the new "business infusion" did not happen.
Still lthough there is no reason to assume they are not doing ok business at Dichain Software or what ever its name is. As I stated, Eddie Yu in the Spring said the business at the sopftware company was so-so.
The business in the modem company was very good and I had guessed that they would join that to CTGLF but that did not happen.
Re: Some more questions:
Why would you think they are not doing business? I know the website is down and Frank and Sifie are working mostly at DC Capital but last I heard the software company was doing ok business. That was maybe in April or May - I forgot as I do not have any stock but I have heard nothing about them stopping and business. They sold Dichain Asia - and that stock took off...
I see though they have not updated the website in a year or so and so turned off the home page..others still read " The Company will apply for its initial listing in AMEX in 2005"
I guess they are a bit wrong on that.
http://www.chinatechglobal.com/development.htm
I thought that I read they had filed the form they needed to file late - I looked today though and see they never did. They do not like so much paper work
The filing next week
As someone said - they field last year Nov 16 so likely same time this year as that is the deadline.
My American express card closes on the 3rd of the month - (around) but actually I do not have to pay until the 26th and I pay no interest so I wait.
CTGLF also feels same way - they have a "due" date but actually it is not the deadline so they wait until the real due date as there is now penalty (in their eyes)
I have no shares and have not talked with them since maybe May but at that time the business was so so..
anyway by the end of next week expect to see the filing. They are in the M&A business so they want to of course keep these companies active so they can at some point merge them.
I checked - not RTS -
I checked with the registrar of the Russian Trading System - RTS and there is no way for a foreign company to trade on this Russian exchange.
As we know, companies often trade on several exchanges. A stock I own, a solar play GRSR is a Pink Sheet stock and it also trades on the Frankfurt exchange. (BTW it is fully reporting now so will move to OTC within a month) http://tinyurl.com/yktrb8
It is not important but when I read the part about NNRF wanting to trade on RTS I expected that it was not possible though of course Frankfurt can be done..
I will check
but lived here 12 years and seen no US company on RTS and can't imagine how it could be done
Yes I have read the PR that I see
"Do you not see an IR contact?."
I see these people
Hanover Capital Corporation
Jim Hock
(818) 610-2028
Eisenberg Communications
Rick Eisenberg
(212) 496-6828
But they are not company people - is this who you meant by IR - they are PR I believe.
"And your generalization regarding an uplisting here does not apply. The first of which is that they are going directly to the primary RTS exchnage in Russia!"
Where did yo hear that? I have been to the office here and was told they play someday to get on AMEX but I do not believe a US cmpany can trade on RTS. Russian companies trade on the NYSE as ADRs but never heard of a USA one here.
Thanks but what IR where?
Just am not sure who they are using for IR.
About "up listing" I heard nothing of that only that the goal, as it is with many pink sheet stocks, would be to go the the AMEX but that can take quite some time as the stock price has to be above $4 I believe. Much will depend on how much stock they issue for future purchases. I expressed the strong wish that the restrain themselves in that way as it is much better to give less shares at a higher price then issue tons of shares at a lower one...adn of course for us it is a total necessity.
Where was it indicated about an update?
You mentioned that you talked to someone in the company and an audit was finished. Did you speak to a person in the USA?
I could call them here in Moscow tomorrow and maybe they know if they soon will file though it will be old information I guess anyway.
Was in Moscow office last week
Met with Peter Goerke and Alexander Stepanenko
Took a look at the "bricks" for shielding and the EP power regulators from the USA etc.
Reviewed their plans -
Great connections and good business plan
So guess it will be 2-3 weeks before the filing and the news to take it back to trend line
Re: stocktiger the 50dma is at .03....the 50ema is at .037
Yes but I use EMA as clearly written on the chart - sorry you did not see it and I did not mention it
EMA for me is a much better indicator
http://tinyurl.com/jybus
XKEM 50-day at 0.038 so may bounce
I know it dropped a bit below but if it can close above then it may bounce.
Company makes no money and says they do not expect too soon but maybe a bounce anyway.
Many here thought we were nuts selling in all the excitement but our motto is buy in quiet times ans sell in wild times and above 10 cents so many here were acting nuts...
but maybe we can have a little bounce - if not then the next level is on chart
http://tinyurl.com/jybus
ones moving well now include CHDT and CLBE
at the site we play any like this
Brikk Re: stocktiger, you've done fine trading XKEM, but why not stick around and do some DD? "
So often DD for me turns up just written words and tells me nothing of the trading of the stock.
Using charts more often gets me in at a good price and out at a higher one. When a stock runs a lot and above the top bands taking profits works well.
On XKEM it locked in gains with no need to pay too much attention to the PR.
I may play this one again but not based on DD
Soft - have no idea but enjoy
I have not read many posts here as there just are too many but it seems that people bought the stock due to them selling NICOSAM soon. But this has been clearly stated in the 10-Q in the past so is not news at all. They said they would start in the third quarter and did not expect much profit but enough to cover costs which is good.
We have been trading it since the $0.015 break but only on technicals and did not even now they had a product.
The stock can do as it wishes but why it would go up on any additional announcement that they are selling their product is beyond me as it is known already so is not news at all. If they say they expect only little profits then why move the stock price up? IT is now tradign at like a zillion tiems sales and the marketcap is very high with no plans on big sales.
Whatever - I will keep playing it as long as it moves up.
We buy below the bands and sell above them so it works fine. We are up about 390% for the 4 buys and sales so am liking it. Have had a few like this in the last few months..but the all tiem winner ran up 1500% in about 3 hours - last September GLIF from under a penny to $0.17....amazing
62% retrace now support
it dropped below as so many scrambled to not loose all their gains but now a better base it seems
brikk - cat box is doing just fine
"stocktiger go sit in the cat box. you're not gonna get my shares... not a single one. watch out, you just might get neutered on this board...."
You and other were rather quick to complain of my suggestion of taking some profits at 0.075
I am not a short and I stated I have nothing to say negative about the company but I do like to take gains when a stock is way overbought.
I can buy back and did not have to loose the 26% so far on the pullback.
I post to be helpful - now watch the 9-day EMA
Re:stocktigerdotcom so when do you plan on selling
babygrl42,
am not sure yet will see how the chart does with consolidation.
have not looked at this board much but you can see the huge number of posts which often is a sign of too much bullishness.
The company has 373 million outstanding shares so market cap now $27 million with no sales or income. That would be OK but they have an additional 1.6 BILLION shares authorized that they can begin selling when they wish that would make the market cap soar unless the stock price were to drop.
I really do not follow the company itself - only the chart so am not down on the company. Maybe they will have some good news on another of their products. It is just that the stock is now up 700% in the last month so there are a lot of gains to protect and if they decide to lock in gains there door out is not so big. The stock may be stable with anticipated news but the news is not new as they had it in the 10Q as shown below. With such a big run up this may be a "sell the news" situation.
If the company said they thought this drug would be a good money maker then that would be more positive but what they wrote is:
"It is anticipated that sales of our product NICOSAN(TM), a sickle cell drug, will commence in Nigeria in the second or third quarter of 2006. Initially, it is not anticipated that revenues will be significant but they should help in covering the costs of the operation."
Covering the cost of operations is great but does it justify the move so far? Maybe as fundamentals are not my bag...
If the stock takes off again it will be clear and very easy to get in but if it were to pullback it can be much faster and not so easy to get out as this is an OTC stock so MMs can just remove the bid.
Buying in quiet times and selling in wild times makes profits and that is the purpose of trading.
This was the start..and our buy point
If the stock can consolidate several days and build another base it may make another move but understand this now is momentum based. Doing some day trading to capture 10% moves is one way to build profits in consolidation.
It has run up 750% - so maybe a rest?
If you follow our website or read the newsletter you know we bought this and recommended it at $0.017 so we have a very nice gain. We took some profits on Friday as it was up 40% at the time so over 100% in 2 days and over 350% for us, making it the second largest gainer in the last 2 months. The stock has been having such high volume that it is easy to get in and out if the movement continues. It is however overbought and could stay so but the risk/reward is much higher now. Since the sales of NICOSAN have been expected for a long time this could be a sell the news situation.
In the company's last 10-Q filing they said they would start selling this quarter but they also said that revenues will not be significant.
"It is anticipated that sales of our product NICOSAN(TM), a sickle cell drug, will commence in Nigeria in the second or third quarter of 2006. Initially, it is not anticipated that revenues will be significant but they should help in covering the costs of the operation."
It is a long process to try for FDA approval for the USA.
Maybe the stock can double again and in time it likely will but now is a much more cautious time.
Leon Zhou was not important
He actually had almost no dealings with CTGLF - he was CFO but did not know much about the company -- I know it sound weird but he mainly like Eddie the company secretary mainly work for Dichain Asia and as you know that company was bought by a non related party. Fran Fan will keep a consulting title and Dichain Holdings still has about 10%% of those shares but not all the old staff is needed as the new owner will hire his own people.
It will be better for CTGLF to hire someone who pays more attention to CTGLF as in the past you know that they were always late with financials a new person can be good.
About why the price price can go up on 100 shares - if there are no offers and the highest one is 10 cents the it can be bought of course.... not important
as far as Level II providing much useful information on this stock -- mostly it doesn't as they bis and offers can be pulled or put on at any time
so good the see Zhou go. He did not even know that CPICF was in talks to merge with a company - even after the press release....
A new person will be a positive
ILNP 40% so far
The 1:10 reverse split happens Monday so stock will be 10X higher price
Our buy recommend was $0.58 so am up 40% so far but today may have more buyers in front of split
When CPICF announces merger the price may be $0.50 - maybe much much higher
Yes it doubles from these low levels
we have seen it so many times - last Autumn we saw it each month. Sellers would take it down to look like end of the world then in a few days it would double.
Talked to company and all if going well.
We just have a big holder who needs dash and does not want to wait so our benefit
Yes but Office sells millions
A CD costs about 20 cents to make - there is almost no profit in it as the big companies make the money with huge volume.
CTGLF sells a few programs - they have maybe 100-200 customers and make their discs on their own computer disk burner like you or I would.
I think they were just looking as Dichain Holdings has a similar company now.
I did ask if they would try to find out about this business injection that was mentioned a couple of months ago.
Talked with company today
Not much that I could find out. Mentioned how I though the idea of buying a CD making company rather weird as no profit. I understand that maybe they just wanted to find out information. TO do so you have so sign some memorandum of understanding as a company is not going to show you financial statistics unless they think you are serious.
Remember that CTGLF also did that in January of 2005 - one was Sky Digital Co Ltd, a mobile application developer - and another China Trader Inc, an e-Commerce service provider with more than 50,000 corporate customers. On both of those they decided not to do the deal and maybe it will be that way with the CD company as it is not the kind of business that fits in with them anyway.
Sifie has been keeping busy but she has so much else to do that not much for IR.
---
well plenty of other small stocks been doing great - we have a few that have been super - one went up 400% in 10 days....
That one looks a little sick also -
will wait for either to break out
Well it was only off the list
I had CTGLF on a buy list when it was set up.. at the moment of course it is not but I bought some today and know some others that also did.
You know the Dichain Asia deal was finalized last week so Frank Fan is no longer on that board though Dichain Holdings still has 10% of the stock in that company. And that company 0632 has 5% of the stock in CTGLF.
About 4 million shares now changed hands since this began - not sure how much they have but it will end at some point for sure as we look forward to the time it is again overbought instead of oversold.
Check the newsletter from today also as it has some interesting info
Send fax then called company today
The website has been broken as you know - the inside pages all worked but not the home page as it was looking for a dead link which is easy to fix. I sent fax and called lat week by many on Easter holiday - send fax again last night then called today and they fixed it.
No new info to report maybe next week
Sorry I may have messed up the chart
I had a space after the bracket and I guess that is an error. I know now.
It broke the tiny trend line
so now it may try to go on up to break out over $4
At least a buy here with a stop under the small line is low risk
Yes it did break out
This chart looks very good. It is above the top Bollinger bands so it could pull back but I think we will see a test of the top once product distribution starts later this month.