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TTCH- News
MAYFIELD, Ky., Apr 25, 2004 (The Paducah Sun - Knight Ridder/Tribune Business News via COMTEX) -- Turbo Technologies Inc. will soon bring 19 jobs and an estimated $1 million payroll to the Hickory Industrial Park on U.S. 45 North, the Mayfield-Graves County Local Development Corporation announced Saturday.
Turbo Technologies is an industrial company that sells parts and services for centrifugal air compressors worldwide, and will do so out of a new 13,000 square-foot building covering seven acres at the industrial park.
The development corporation said another 15 jobs are possible after the business gets started.
Parts and support used by the new company will be purchased from local businesses, the corporation said.
No one was at the corporation office Saturday for comment, including information on how long construction of new building will take and when the company might open.
Dave: I think you are right about them getting back at the past creditors. If not mistaken the shares held by the two owners DO NOT reverse split-they remain the same as outlined in the BK settlement. Your math may be correct but I can't see TTCH coming out at that high of a price. It would be nice but I think unrealistic. Good luck to you.
I don't see the downside to this split, if the stock comes out at $5 then it's a push from previous low. Higher is a gift, being China related even more of a chance it can go to $20 like SINA or SOHU-Who knows?
Nice rise and good volume, with each day there brings more good feelings.
The same question-why the volume? If PPS continues to rise then something is in the wind.
Still plenty of time and opportunities in China, it's still a pup. With the Olympics coming in a few years the real focus and momentum has just begun.
I cannot agree more that we have waited far too long and have missed other oppotunities. But maybe it also has been a blessing in that we might have bought a few bad stocks. Fine to look back and say I coulda but are we sure we woulda.
I hope all GCC investors get the rewards that we have been expecting for the past 4 years. It is time for the board of directors to show us the leadership that so far has produced no tangible results. Happy New Year to all involved.
GO GCC! MAKE GCC THE MODEL FOR ALL CHINA ISSUES TRADED ON WHATEVER EXCHANGE BOARD
You won't need a hit squad. Doc's loaded and she'll pay for all your loses. Just sit tight and let the big boys do their thing.
Happy New Year, Missy...Please stop by anytime and you never know. In the next few months GCHC might be a hot item on your Earl Bird site and you all can get rich like us. I stop by your site often but can't post. Still like to listen.
It is nice of you to drop by and pass on your wishes.
From everyone here, I want to wish you the the best of seasons greetings and hope you keep up your fantastic work. Energy out produces enery in- therefore your rewards will be great.
Have a great trading year and hope you do put some GCC in your piggy bank. Like Chuck Berry's song says "You never can tell".
:o))))))))))))))))))))
MC-quiet is nice. Anyone that has a complaint can send e-mails to the four persons on the board. They run the show and should answer your questions. I think the addresses above are correct.
If I'm not mistaken, you are a trader, correct? If you are, I don't think you have a legitamite reason to call and bother these individuals. Companies do not need scalpers, et al, since they offer no foundation to a company's success.
Toons & cartoons will be changed as they come my way.
I do not think you will find anyone in disagreement with your opinion. The "insiders" have restricted shares and I would think they also agree. In order to make those restricted shares tradeable, GCC has to file with the SEC.
IR saying the directors met in London this week to formulate the release of the much needed reports. It won't take very much news to move the share price and of real interest is to see the volume. Will the diehards, holding these past 4 to 6 years, continue to hold or just take a little quick pocket change. The market makers are not getting any of my shares to trade.
China's stock indexes have had their biggest jumps in eight weeks bolstered by the government's promise of liberalizing pension fund business in the stock market, China Radio International reported Thursday.
;China Securities Journal reports that the government set criteria for brokerages to manage more of the nation's 100 billion yuan, or 12 billion US dollars in corporate pension funds.
The Shanghai Composite Index, which tracks yuan-denominated A. shares and foreign-currency B. shares on the city's stock exchange, advanced 47 points to close at 1,354.
The Shenzhen Composite Index, which tracks the smaller of the two Chinese markets, jumped by 118 points at 3,254. Both indexes had their biggest gains since Sept. 15.
Stocks also got a boost after a government report showed industrial production rose at its slowest pace in three months in October, indicating a successful policy on macro economic control by the government.
I hope all you long term investors in GCHC are ready for the good news. China is ready for us and now we will take part in growing along with them.
Correct, companies do not want traders but LT shareholders so all will benefit. It will be interesting to see how the election results affect the whole market.
Thanks for your comments, you are always welcome.
I just checked with IR and he assured me the company has just about completed the total re-examination of SUTCO & Unigel's audits. Moores Rowland is just cleaning up the process over in Hong Kong.
GCC will be a winner there is no doubt in my mind.
MC..You are using logic and have expressed some savvy about the market and how a company should treat it's investors. It is too bad that there are two directors who are intent on preserving their assets and income with TOTAL disregard for all of us long term shareholders. Besides not having any futuristic view of GCHC's potential.
Things will change in short order
This thread encourages your comments.
I understand the board was changed at the last directors meeting and that news should be forthcoming in a few weeks. The board now consists of 4 persons. Therein lies the major stumbling block to ability of the CEO to act in a judicial manner. It is analogous with the US congress. Oppions in the most critical areas are divided so the results are the ridiculous delays in moving forward in a productive manner.
Great posts guys and gals. IR just informed me that the GCHC web site will be getting some news. Best estimates for some financials to be released will be towards the end of next month. Condition of company is excellent.
China's flag carrier Air China has ruled out plans to list shares in New York and may offer them in London instead.
The airline hopes to raise US$500 million in an initial public offering of stock in Hong Kong and another major market, either late this year or early next year.
It had originally planned to be listed in New York but had dropped that plan to target London, sources familiar with the share listing said.
A London listing by Air China would heighten fears that the recent tightening in corporate governance rules in the United States would hurt its capital markets by deterring some companies from holding offerings there, analysts said.
The London Stock Exchange, where only five Chinese mainland companies have been listed, is marketing itself as an easier and cheaper alternative to New York’s main board and NASDAQ, which together have more than 20 mainland firms.
The London side will also open its first Asian office in Hong Kong next week to compete with its U.S. rivals.
Some analysts believed the similarity between the accounting rules in Hong Kong and Britain would make it easier for Air China to prepare its accounts.
The stricter disclosure and financial requirements imposed in the United States were also a negative factor for many Chinese companies, analysts said.
China Netcom, which plans for a US$1.5 billion IPO in Hong Kong and New York, warned earlier this week it needed some time to comply with the Sarbanes-Oxley Act required by U.S. regulators.
The size of the New York capital markets was not a big attraction for Chinese companies as they raised most of their IPO funds from international fund managers and Hong Kong retail investors, analysts said.
watch for this company to follow this trend
This little ditty may give some of you investors a look into the truth about investing in mutual funds versus individual stocks. And by all means avoid annuities at all costs, they are the worst investment on wallstreet, including the maligned "pink".
"Mutual Funds are designed to be confusing, particularly when it comes to their costs. People believe what they want to believe and it is often difficult to help them. Let's start with the most basic and important concept: "Free" Does Not Exist on Wall Street!" Repeat that ten times daily and you'll avoid a lot of disappointment on the 'Street of Dreams'"
OK. You're thinking: he's wrong, he's wrong. What about 'No Load' Funds? For once, just for once, read the prospectus! The managers of most popular no-loads are paid millions. The companies that sponsor them make millions. The offices that house the fund headquarters are marble covered palaces! Where does all this money come from? Right, The Investors! Truly believing that no load funds are cost free is like buying an EZ-Pass (pre pay) tag and telling your friends that the Governor lets you use the New Jersey Turnpike for free! Commission free, yes. Cost free, no way."
"No Load Funds have many ways to charge investors. 12-b(1) Marketing Fees, Fund Expenses, and Trading Costs are the big three. These don't include things like the trips to Europe, etc., and other executive perks that fall into a miscellaneous category. 12-b(1) fees and fund expenses are described in the prospectus. You may have to dig more deeply to find the trading expenses (commissions), which are generally hidden toward the back somewhere. Your investment performance is what remains after the deduction of all of these fees and expenses. It is not uncommon for a no load fund to have total fees in excess of 3.5%. Got it? or is it Gotcha?"
--------------------------------------------
So just because you are not paying a commission to your broker or Financial Planner doesn't mean that you are getting free investment management, free trading, or free anything. Remember, "Free" Does Not Exist on Wall Street!" And, unfortunately, neither does "Truth", but we'll talk about that some other time. For now though, just one mot of truth is all you need. and don't repeat it above a whisper. The Stock Market is "up" through the third quarter of '04, as it has been since early in 2000...and don't believe anything else.
TFN-trading in this range is not what ANY investor would view as satisfactory. It beats the 3 cent range we saw for months but there is a large block of shareholders that continue to hold and buy who will start to demand more..such as yourself. I can tell you one thing for certain. The MM's are only trading shares that they can buy cheap. IMHO-they know something we don't and see a blockbuster here. Insiders can't sell, there is no news to speak of, IR says operations in China are profitable, buying contines with no news to support this action and other Chinese issues are on a down trend. There is more here than meets the eye
Great going n2 keep the DD coming! The company will hopefully come forth with some news of their own. IR sent me a CD on Unigel operations, if the public could view this video, the share price would move dramatically. The SEC filings would do wonders but company could build momentum going into their release if they would just put out some news. The results of the CEO's trip to China last week for one. A report from Unigel on the Expo just held would be nice. Even a simple news release that the partnership with SUTCO is proof positive that investing in China is an investors best chance for substantial rewards.
TFN-if anyone does not have a clear picture of this company by now then they live in a cave. IR will fill in any gaps that an investors might need to make a decision on whether to buy, sell or hold. IR is hoping to get the CEO to add more information to the web pages.
Great DD n2, the list of Unigel clients must be immense. IR reports the China operations are working 24/7 to meet the current demand and in order to meet the growing demand for Unilite, a production plant in the US is next. Company must start a pr program to enlighten the rest of the investment communities. Share price goes nowhere till GCHC gets noticed. News=volume=^^^asking price. Simple!!
Tang Shuangning, Vice Director of the China Banking Regulatory Commission (CBRC) said at the recently-held 8th Financial Forum of National and Local Financial Service Providers, that the CBRC encourages urban commercial banks to forge partnerships with overseas strategic investors. By realigning their existing resources as well as merging and regrouping in accordance with market rules on a voluntary basis, urban commercial banks will hopefully improve their overall level of development and competitiveness.
Tang said, as reform was pressed ahead in China’s banking sector, the competition in the same area also became more intense. Urban commercial banks are large in number and concentrated in certain localities, however, the capital within their maneuver is relatively limited. So they are facing greater pressure in finding a place in the marketplace. Many such banks have laid out expansion plans both in terms of scope and geographically. In response, the CBRC, based on thorough study, has come up with related policies and standards. All urban commercial banks should select appropriate modes for development in light of the status quo of their business strengthen and regional economic development. They should approach restructuring and regrouping through asset swapping and investment increment and by forging partnership with overseas strategic investors so as to ward off future risks and strengthen their growth capacity.
Talks with banks already concluded>stay tuned
Twice the number of US companies are planning to expand business in China compared with last year, according to the American Business in China White Paper.
The report by the American Chamber of Commerce in China (AmCham-China) and AmCham Shanghai said US businesses are satisfied with the performance of their China operations and optimistic about their future, which is a result of China's ongoing opening up of its market to foreign investors.
The report indicates that 16 per cent of the 238 survey respondents said their businesses in China are very profitable and another 57 per cent said their businesses were profitable.
"For the second year in a row, our research shows that our members remain bullish on the China market, with twice the number planning to expand their businesses in China compared to last year," said AmCham-China Chairman Jim Gradoville.
Nearly two-thirds of the companies surveyed said that although the Chinese economy was seen to be growing too fast, they were confident that the central government would be able to engineer a soft landing.
More products will be exported and imported by these companies. Plans also call for companies to expand more operations into interior provinces and beyond secondary cities, the report said.
Only a third will be increasing equity in joint ventures, underscoring the trend in recent years towards wholly-owned enterprises, the report said.
"Implementation of WTO commitments was a key ingredient in this newly positive sentiment," said Gradoville.
From mid-2003 to mid-2004, China made progress in implementing its WTO commitments, including the issuance of regulations in the areas of trading rights, insurance, auto finance and agriculture.
Also, the invitation for American companies to comment on selected draft laws set a good precedent, one that the companies hope will continue, the report said.
US firms remain upbeat about the benefits of the WTO, with 61 per cent of AmCham companies surveyed for the White Paper reporting that China's entry into the WTO has had a positive impact on their business.
"The Chinese authorities are to be applauded for fulfilling their WTO commitments. We all recognize the value in doing this in a timely manner and the AmCham will continue to work with their members and the government to keep this process moving forward," said AmCham Shanghai's Chairman Phil Branham.
The White Paper is sharply critical of the United States Government's visa policies, which it says are costing American companies billions of dollars every year.
It calls on the US Government to better balance commercial and security needs, increasing head-counts and funding for non-immigrant visas functions in China while seeking continuous productivity improvements, refining criteria for security reviews and improving decision-making transparency.
China's direct foreign investment grew by about 55 per cent in August, which indicated strong confidence by foreign investors in the Chinese economy despite the government's credit tightening moves.
The nation registered an actual foreign direct investment (FDI) of US$43.559 billion in the first eight months, up 18.77 per cent year-on-year, according to the Ministry of Commerce.
The contracted direct investment, an indicator of future trends, increased by 38.89 per cent to US$93.792 billion in the period.
The ministry said China approved 28,748 new foreign-invested ventures in the first eight months, up 11.73 per cent.
The ministry did not provide specific data for August alone.
Based on calculations using official information, actual FDI in August was US$5.156 billion, up 55.3 per cent from a year earlier.
The growth rate of actual FDI hit a record high this year,compared to 14.16 per cent of June and 15.5 per cent of May this year.
Analysts contributed the high rate to the small base in August last year, which was impacted by the aftermath of the SARS (severe acute respiratory syndrome) outbreak.
Foreign investment slipped by nearly 28 per cent last August from a year earlier to US$3.32 billion.
From July last year, the country experienced drops in the FDI growth rate for five consecutive months.
This July saw the growth rate hit nearly 46 per cent because of the small base last July.
The Chinese Government has predicted the actual FDI to China will roughly match or exceed the US$53.5 billion in 2003.
Analysts said many foreign investors added their investment to cash in on a new round of opening-up policies.
More capital will flow into fields such as banking, tourism, commerce, hospitals and education as China realizes many promises in line with its WTO agreements by December 11 this year.
In another development, catering industry sales increased by 19.6 per cent to 60.6 billion yuan (US$7.3 billion) in August, which makes total sales of 456.1 billion yuan (US$55.1 billion) in the first eight months.
The Ministry of Commerce had predicted the annual earnings of the catering industry will increase by 18 per cent to about 720 billion yuan (US$87 billion).
Wang Xudong, Minister of Information and Industry of China recently said in Tianjin that China had been liberalizing its information sector to foreign investors in an active and graduated manner in accordance with its WTO accession commitments.
Wang made such a remark while attending the PTC 2004 Mid-term Meeting in Tianjin. He said it was the very first time that the PTC had chosen the Chinese mainland as its meeting venue and set the theme as “Opportunities and Challenges for Chinese and the World’s Information and Telecom Industry”. It demonstrates that PTC members are paying increasing attention to the Chinese telecom and IT sector. The Meeting will surely boost the exchanges and cooperation between China and other PTC members in this sector.
The 8th China International Fair on Investment and Trade was concluded on September 11. 4 days of scrupulous talks by Jiangsu delegation have finally borne out fruitful results on both fronts, namely FDI attraction and investment overseas. A total of 56 investment initiatives have been reached with overseas businesses, involving a total investment of 607 million USD and a contractual FDI of 435 million USD. 8 projects each have investment over 10 million USD, covering such areas as information and electronics, bio-pharmaceutical, thermal-electricity cogeneration, agricultural byproduct processing, environment care, chemical and equipment manufacturing. 29 projects of domestic economic cooperation were agreed upon, registering a total investment of 1.747 billion RMB. Companies which are first-timer outbound investors and project contractors also struck rewarding deals at the Fair.
Volume-Why??
The downward spiral continues and only the companies with increasing earnings are weathering the storm.
SEC filings are critical for gchc to enjoy the market bounce after this selloff
The naz getting hammered and the chinese stocks, those who's pe and market cap were way out of proportion, taking their deserved hit. Rates inching up, oil prices peaking, inflation figures are a farce and real estate bubble about to get a wake up call. If you think this all will have a negative effect on GCC, you are badly mistaken. Investors will seek refuge in sound and profitable stocks, just what GCHC will offer once the 10Q is released.
If the AIM deal goes as planned all hell breaks loose and there will be a lot of happy campers that own gchc. Tight float and a majority of shares held by LT'ers make this pup a block buster.
This won't be the last time GCHC tops this list:
Watch List China/Asia
As of: 8:47pm 7/30/2004
Symbol Last Change % Change Volume
GCHC 0.44 0.04 +10.00% 5,400 Trade
SNDA 19.00 1.65 +9.52% 624,627 Trade
GTEC 0.13 0.01 +8.33% 192,450 Trade
INTN 6.99 0.49 +7.54% 71,155 Trade
PCNTF 7.73 0.50 +6.92% 29,354 Trade
PACT 3.72 0.23 +6.59% 265,571 >> held gain from 7/29!
CHDX 7.26 0.36 +5.22% 14,312 Trade
SOHU 20.72 0.75 +3.76% 3,779,644 Trade
STTS 6.36 0.16 +2.58% 125,665 Trade
CHT 16.08 0.37 +2.36% 244,000 Trade
UTSI 18.25 0.41 +2.30% 4,013,932 Trade
LTON 11.27 0.18 +1.62% 242,964 Trade
TSM 7.12 0.11 +1.57% 5,813,100 Trade
GIGM 0.78 0.01 +1.30% 1,113,567 Trade
CHRT 5.94 0.07 +1.19% 414,886 Trade
SNP 39.61 0.41 +1.05% 62,700 Trade
CTRP 35.00 0.30 +0.86% 65,261 Trade
PTR 49.94 0.39 +0.79% 161,900 Trade
HNP 31.90 0.24 +0.76% 55,700 Trade
UMC 3.70 0.02 +0.54% 3,312,400 Trade
GSOL 7.99 0.04 +0.50% 200 Trade
GSH 14.39 0.07 +0.49% 6,500 Trade
CEA 20.41 0.09 +0.44% 600 Trade
SCHN 30.93 0.13 +0.42% 513,834 Trade
CYD 17.20 0.04 +0.23% 95,500 Trade
LFC 21.87 0.02 +0.09% 33,900 Trade
ASPC 0.04 0.00 0.00% 0 Trade
IMOT 0.28 0.00 0.00% 24,400 Trade
HRCT 0.21 0.00 0.00% 56,875 Trade
DFCT 0.42 0.00 0.00% 6,200 Trade
ETLK 0.12 0.00 0.00% 116 Trade
CHL 14.52 -0.01 -0.07% 110,200 Trade
SINA 28.34 -0.14 -0.49% 5,356,903 Trade
CHA 33.30 -0.17 -0.51% 27,600 Trade
KONG 8.95 -0.05 -0.56% 14,850 Trade
ASX 3.32 -0.02 -0.60% 367,500 Trade
SNVBF 3.25 -0.02 -0.61% 36,330 Trade
NTE 19.40 -0.13 -0.67% 598,800 Trade
CHU 7.47 -0.06 -0.80% 146,400 Trade
NTES 37.25 -0.34 -0.90% 1,218,636 Trade
XING 8.50 -0.10 -1.16% 168,561 Trade
CCCI 0.40 -0.00 -1.23% 13,500 Trade
ACH 52.20 -0.96 -1.81% 47,800 Trade
ZNH 17.22 -0.32 -1.82% 10,600 Trade
CBA 25.09 -0.48 -1.88% 23,400 Trade
CHINA 6.12 -0.13 -2.08% 1,114,635 Trade
CYPT 0.44 -0.01 -2.22% 1,306,336 Trade
TOMO 13.42 -0.40 -2.89% 180,174 Trade
TNTU 0.38 -0.01 -3.75% 929,727 Trade
CWLC 0.24 -0.01 -4.00% 37,700 Trade
The two new links added above will help investors better understand the stock market. And in the case of the AIM link (London Stock Exchange) give GCC investors a peek at what GCC hopes will come to fruition in the coming months. IR says if GCC takes part in this AIM offering many positive results will be obtained. GCC will reduce & eliminate ALL it's past and current debt. It will have a residual amount of cash to enter into partnerships with the many cashcows available in China and it will boost the share price of GCHC to heights far and above those obtained in the past. IR points out that the GCC team has not been idle all these months in making GCC "THE" vehicle of choice in the China market. IR welcomes everyone interested in becoming informed about GCC's future to e-mail him at Jon.IR@greaterchinacorp.com .
The flood gates burst when GCC files with the SEC. IR reports brokers are calling and all they need to have a green light to promote this company is SEC validation. Let the fun begin.
Word out that the almost completed audits show a yearly increase in revenues of greater than 20% and company has set it's sights on getting listed on the nasdaq by 2005. I think the investment community is going to fall in love with GCC in the coming months.
I hope you all are enjoying this 4th of July. Go to this site: http://www.njagyouth.org/Liberty_.htm and wait till it fully loads. Then left click mouse in the sky above Liberty and enjoy the fireworks. Click as many times and as fast as you wish. This will give you a taste of what is in store for GCC this fall.
A press release next week may clear up some of the questions investors are asking.
Just read where China projects 9.2% GNP for the next decade and needs US help to keep this projection. Plenty of time and lots of oportunities for this company to expand.