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You mean SCAM companies do that! Tewhn why would INBG report them???!!
LMAO!!
BK, With the endless spewing of predictions about R/S and A/S,and their never ending hour glass, eventually it may happen, but for now INBG is looking good!
I'm just surprised we haven't seen a R/S or increase in A/S as some predicted.That's a good thing.
If you read carefully, WISCO is GOVERMENT OWNED. IF Yeung really has INBG involved with a "possible" MOU (and no reason to not believe otherwise, being it is the last filing), then this could be huge.
<and one of the backbone enterprises under the leadership of the Central Government and the State Council>
http://www.wisco.com.cn/wisco_en/brief/aboutus.shtml
It sounds like WISCO wants something Yeung has.
About WISCO...
Wuhan Iron and Steel (Group) Corporation (hereinafter referred to as WISCO), commenced its construction from 1955, and put into production on Sep 13, 1958, is the first giant iron and steel complex established after the founding of the People’s Republic of China and one of the backbone enterprises under the leadership of the Central Government and the State Council. After its integration and reformation with Echeng Iron & Steel Company, and Liuzhou Iron & Steel Company, the group corporation has have an annual production capacity of 20 million tons, ranking the third of the same in China, and the sixteenth of the same all over the world. Located in the eastern suburb of Wuhan, Hubei known as “Thoroughfare to Nine Provinces”, WISCO sits on the south bank of Changjiang River, covering an area of 21.17 square kilometers. WISCO - the important plate production base in China owns a complete set of processing plants composed of mining, coking, sintering, iron making, steel making, rolling, and the associated utilities. It has made an important contribution to China’s national economy and modernization during some 50-year construction and development. By the end of 2006, WISCO has produced 177 million tons of steel with an accumulated profit and tax of 85.4 billion RMB, among which, 59.892 billion RMB handed over to the state, which is9.3 times of 6.42 billion RMB invested to WISCO by the state.
Main steel products are hot rolled coils/sheets, hot rolled section steel, hot rolled heavy-duty rails, medium plates, cold rolled coils/sheets, galvanized sheets, tinned sheets, cold rolled oriented and non-oriented silicon sheets, color coated sheets, high speed rolled wires and etc. which is in total several hundreds of varieties, among which, cold rolled silicon sheets, automobile sheets, bridge steel, pipeline plates, pressure vessel steel, container steel, wire for tyre cords, high performance construction steel and so on known as “High Quality and High Value-added Products” and brand-name products enjoy widely fame at home and abroad market. Besides, it also produces by-products such as coke, refractory material, chemical products, ferroalloy, mechanical and electrical equipment, powder metallurgical products, copper-sulfur- cobalt concentrated ores, granulated slag, oxygen and rare gases, etc. WISCO has listed main steel business as a whole in stock market successfully, realized integration and reformation with Echeng Iron & Steel Company and Liuzhou Iron & Steel Company one after another, separated the function of enterprise from that of community, and actively implementing reformation of auxiliary business. The register capital of WISCO is 4.74 billion RMB, and the total estimated capital of 2005 is 72.2 billion RMB (incl. Echeng Iron & Steel Company, but excl. Liuzhou Iron & Steel Company). WISCO staffed approximately 83,735 employees in its headquarters, among which, 18,900 are involved in main steel business. The group corporation now has 20 wholly-owned affiliated companies, 7 share-holding companies, 4 branch companies, 2 factories directly under WISCO’s leadership, 2 collectively-owned enterprises, 1 listed share holding company, i.e. Wuhan Iron and Steel (Group) Corporation, limited, 12 wholly-owned companies entrusted to a second level companies for the management, and 11 share-holding companies. In recent years, WISCO has been awarded many national prizes and titles successively, such as technical innovation, quality control, quality - profitable enterprise, advanced customers’ satisfactory unit, outstanding contribution prize in enterprise management, and advanced civilization construction unit.
In the period of “ 11th Five-Year Plan”, WISCO will, taking the scientific development view as guideline in its overall reformation and development, stick to the development of quality – profitability road under the guidance of science and technology, and persist in extraversive development with implementation of strategy of taking central china as standing ground and developing toward southwest. On the basis of restructuring and tapping potential through renovation, the group will make great efforts to reach a production scale of more than 30 million tons with an annual sales income of over 100 billion RMB, enter into the rank of the 500 top enterprises in the world, and become an important cold rolled silicon sheets and automobile sheets production base in China by the year of 2010.
http://www.wisco.com.cn/wisco_en/brief/aboutus.shtml
Lets see. First we need to find our CEO! LOL!
Good call Gedi. That rescinding may have been the best thing to happen! There's no telling how far we can go with a powerhpuse of a comanpy like WISCO wanting to partner up with INBG!!!!
Interesting day off of the rescinding news!
Maybe people are realizing the company may be in a better position with these partnerships with WISCO and BSI!
AND THE BUYING CONTINUES!!!!
This new endeavor with WISCO and BSI can be a golden opportunity for BOTH parties involved!
I'll get more info as soon as I can!
Good morning gedi!
green, I agree, another push at 3!
Basserdan, of course to you it is! And of course,they're all In your opinion.
<the point is clear>
Now answer the question please..(for the third time)
Now either you or Bruce answer my question if you can..
Are you saying that the original approval by the China goverment was bogus? (If so please prove
EXACTLY! Yesterday was good news!
Another MM on the BID @0.0002. Almost 4 million shares and the BUYS continue (Is that "Pumping" of "facts"?)
SCAMS company following SEC regulations? Unheard of!
Bruce, I'm not "pumping" it.The last time you said I was "pumping" it, you were only able to come up with one post.
Point is do you believe all (or most) of what these OTCBB companies(pinkies?) are scams?
Do these CEOs not fll under the same restrictions and penalties of NYSE comnpanies?
I do not believe this last attempted endeavor was a "scam" as you so put it.If that is the case,you probably think most of these companies are scams, and althought there are bad apples in every bunch, your theory would also be saying that these companies are not regulated and free to do as they please with anyone.
Is that what you are saying?
Until you can prove anything about the 1.5 billion, doesn't that make you wrong up until this point?
Is that what you are saying?
Bruce, are you saying that PR yesterday was untrue?
Are you saying Yeung filed SEC filings about what was going on knowing they weren't?
Are you saying that the original approval by the China goverment was bogus? (If so please prove)
Otherwise,you need to admit you are wrong, and until you can at least prove the China approval was bogus, there is no need for futher discussion just so you can reiterate your unsubstantiated facts about this deal.
As long as it has to do with the PR and the facts from it yesterday, not the jibberish nonsense you have posted from before.
Ah....sure.
Why is it a scam or sham as you say FFF?
If the closing happened, would you still not say something along the same lines.
I believe the company was is no position to win in your eyes.
FFF, also, when Yeung took over, tell me who put thee money up to clear up all the old debt.
Either way you got off-topic and with no R/S or increase in Authorzed shares, you couldn't even admit you are wrong up to this point.
Did you ever Buy that stock I suggested to you?
And yes, I actually sold some and will hold other portion "long".
Good luck
Good morning Bruce,
<It proves the company to be every bit of the scam we have been saying it is>
And how is that?
Looking foward to your response
Can I get a timeetable for your R/S prediction, or would you like to be like others and have the entire calendar year? I know it's been a while since you have posted about the R/S and nothing to this point.
Yes, I know eventually.
FFF, and you were wrong about the R/S or more authorized shares. Obviuosly you will be correct at some point down the road, but after enough time goes by, anyone would be correct.I guess this wasn't the scam everyone predicted,especially for "selling shares" right FFF.
Maybe some of you will admit you were wrong one time.
GOOD LUCK
All proves this wan't a scam like some people were saying..question is can they MAN-UP and admit they were wrong!
Not sure if this is old news being first time on this board...
but I was at Citifield Field watching the N.Y. Mets play yesterday and I saw two nice sized "Spongetech" Billboards at the game.I really wanted to let all on this board know about it.
Viking
INBG-400,000 to be relocated after quake in south China...
By AUDRA ANG, Associated Press Writer Audra Ang, Associated Press Writer – 2 hrs 47 mins ago
<BEIJING – More than 400,000 people need to be relocated after an earthquake rocked southwestern China, destroying thousands of homes, state media said Friday.
Thursday's magnitude-6.0 temblor, centered in Yunnan province's Yao'an county, killed one person and injured 325 others, 24 seriously, the Xinhua News Agency said.
Nine aftershocks have followed the quake, with the latest registering a 5.2-magnitude Friday evening, Xinhua said. There were no immediate reports of casualties.
The quake collapsed 18,000 homes and damaged 75,000 more, Xinhua said.
The report said China's civil affairs ministry has ordered the immediate delivery of 5,000 tents and other relief materials. The provincial civil affairs department has already allocated 4,000 tents, 3,000 quilts and other relief materials to Yao'an.
More than a 1,000 police and soldiers have been dispatched to the disaster zone, Xinhua said.
Yunnan is a quake-prone, mountainous region that lies on China's southern border with Thailand and Myanmar. It also borders Sichuan province, where a magnitude-7.9 quake last year left almost 90,000 people dead or missing.
In 1988, a 7.1-magnitude quake in Yunnan near Myanmar killed 930 people. More than 15,000 people died after a magnitude-7.7 earthquake in the province in 1970, though authorities at the time covered up information on casualties and damage amid the chaos of the Cultural Revolution>
http://news.yahoo.com/s/ap/20090710/ap_on_re_as/as_china_earthquake
FFF,So are you saying Yeung is falsifying SEC documents?
That's a no-no last that I remember with the SEC.
And please don't play that "safe harbor" card FFF. YOu know better!
I don't consider people getting killed good news Charlie.But the work needs to get done.
Rains kill 21. 700,000 homeless in China. INBG should be looking to do some of the rebuilding if they get the Wuhan factory deal completed.
BEIJING: Torrential rains and floods in southern and central China have left at least 21 people dead and two missing.
More than 700,000 people have been relocated as downpours have destroyed houses, flooded crops, cut power, damaged roads and caused rivers to overflow, according to the latest figures from the provinces of Hunan, Fujian, Jiangxi and Guangdong as well as the Guangxi Zhuang Autonomous Region.
In Guangxi, a child was killed and another five were injured Sunday in a landslide when they were playing in the house in Hengxian County, Nanning City, officials said Monday.
In Guangxi's Rongshui county, 62 schools were flooded, and about 300 students were trapped in a boarding school. Most of the students had been taken home by their parents as of Monday morning, while the school was preparing to send home the remaining 17, whose parents were mostly migrant workers.
In Guangxi 328,400 people were relocated because of the rainstorms, said the regional civil affairs department.
As of Monday night, more than 11,000 homes in Guangxi had been toppled and 158,780 hectares of crops were damaged. Direct economic losses from the rains stood at 1.7 billion yuan (US$250 million), according to the department.
In the tourist city of Guilin, traffic on 38 highways had been cut off as the highways were damaged by rain.
In central China's Hunan Province, eight people died and 140,000 were forced out of their homes, according to the provincial flood control office.
In Fujian Province, five people died and two are missing.
In Jiangxi Province, three people who were previously reported as missing have been confirmed dead, bringing the province's death toll to five. About 230,000 people had to flee their homes.
The flood control headquarters in Jiangxi said Sunday night that crops on 200,000 hectares of farmland have been damaged and thousands of homes toppled. Direct economic losses were estimated at 3.13 billion yuan (US$458.9 million).
In Guangdong Province, two construction workers were killed by a collapsed wall.
In Guizhou, 82 roads were broken by landslides triggered by rainstorms since the end of June, most of which reopened as of Monday. However, a provincial highway was still broken, officials said.
The government was repairing the road, but it was difficult because of the large number of landslides, said Guo Zhihuai, a Guizhou road bureau official.
China is among the countries most plagued by natural disasters, with 70 percent of its cities and 50 percent of its 1.3 billion people living in areas vulnerable to one or more kinds of natural disasters.
China has suffered major natural calamities, including torrential floods in the Yangtze River valley in 1998, severe droughts in Sichuan Province and Chongqing Municipality in 2006, winter storms in southern China early last year, and the massive May 12 earthquake last year.
The United Nations said natural disasters caused nearly US$110 billion of damage in China last year.
Copyright By chinadaily.com.cn. All rights reserved>
http://www.chinadaily.com.cn/china/2009-07/07/content_8385004.htm
Green, any idea why no increase in A/S or R/S like some people mentioned for INBG?
I must be a "froot loop" myself. You swear with all the prognosticators we would have seen a R/S or an increase in the A/S by now.
As they say, "no one is right all the time"!
64 MILLION. Shares being eaten up for a reason!
62 MILLIUON SHARES. Keep pumping everyone! LOL
Gedi,correct.People getting hot under the collar that they can't dig any dirt up, so they are left to throwing stones.
Hows that saying go about casting the first stone!LOL
Looks like anyone who thought they would come up with any dirt on Ken Yeung struck out!
Ken has good intentions and will make INBG work!
EXACTLY MY THOUGHTS!
I hope it's before August 17th (quarterly due). Regardless, Donahoo and Yeung should get back to investors. Not very good at that.
Charlie, we need news. INBG will soon be on my mantle along with "GE", "NUAN" and others!