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There has been some doubt by a few investors and possibly potential investors regarding GCC's 60% ownership of SUTCO operations. May I suggest that an e-mail be sent by everyone of you people involved in GCC to John Allen. Ask him to verify this fact in an e-mail and then publish it here. This will remove some doubt plus make him aware that there truly exists doubt. It also will show that I'm not the only source of this "fact" and having other people post, adds to it's credence. Act now!
I went to thomsonfn web page and clicked on i-watch. Entered GCHC to see who was buying the shares lately. It showed some institutional buying. This might explain why the share price rose and now is still holding.
http://iw.thomsonfn.com/iwatch/cgi-bin/iw_overview
It might be a good idea to track this site if we get a real spike in volume. I used the week and month periods just to compare.
Speaking of P/E ratio. If we knew the actual numbers from GCC, I think the P/E ratio would surprise everyone except management. I think today the average P/E for techs is over 45 to 1. At the current share price of 28 cents, GCC should come in around 10. I'm just using old figures and adjusting for the changes made by the company. It should be interesting to see the actual figures.
China has just announced they will allow ADR's to be traded on it's exchanges. This allows the chinese people to use their currency (yuan) to purchase shares in companies outside of China. Great news for GCC since it is not a Chinese company.
I e-mailed both COE (Gary Robinson) and COB (John Allen) regarding this matter. John said the attorneys will NOT dictate anymore such remarks. Gary knows it was a mistake but he just wanted to (believe) that the safest course was to remove any doubt about "insider" involvement. And you are right, the disclaimer is quite sufficient. If people are going to sue, they will sue no matter what.
Our society has a real problem with responsibility. Our system also allows lawyers to file claims without fear of penalty in case they lose. We all reap what we sow. The daytraders and swingtraders pay a high tax on short term capital gains-their choice. If they think their IRA trading is an answer-it is if you win ALL the time not if you lose. And NOBODY can win/gain every time.
The greaterchinacorp.com web page being active is a key factor in our future. Without news from company, we can still find out information by other means. -->
The press releases should be timed so they are a lead-in to the 10k&q releases. This would stabalize the share price, to some degree. Last time I contacted the company, they assured me there would be no blunders as was the case in their last release. The blunder I'm referring to is the paragraph in which they stated... "We have no knowledge of why this sudden volume and share price rise". This dumb statement added by the attorneys. Who are more interested in covering their butts than just reporting the facts. -->
The last stumbling block to China's admission into the WTO was cleared today. It appears now that on the 11th of Dec. China will become a member. We will probably start reading articles on both the positive and negative sides to China's entry. Greater China Corp fits in nicely. Here's to a very profitable New Years.
The site, Chinaonline, has many stories dealing with China. It is updated every night at 7pm. They just changed from a free site to subscription, so the article cannot be read in entirety. Still find the headlines informative and current.
I think in these next 30 days, leading up to China's admission into the WTO, will be exciting. Within this period GCC should give us a report on the company. Till that event takes place, the volume of shares traded will stay low.
I would like to wish you all a very happy and safe Thanksgiving. My last suggestion is to fill your portfolio with shares of GCHC. X-Mass is just around the corner. My next posting will be to comment following the upcoming press release. Chief
I am not a TA specialist but this site might mean something to one who is interested.
http://quotes.barchart.com/texpert.asp?sym=GCHC&code=BWIRE
The shares of ASIA have moved up sharply and should continue in this Chinese revolution. Just wait till GCC breaks with some news, investors will quickly forget it is on the "pinksheets" Our fortunes are just around the corner.
WTO welcomes China and tomorrow China will accept the membership. In 30 days China will become an official member. GCC should have some news for us investors during that period.
I had to remove 3 posts I made because the URL was incorrect. Sorry.
A little more news on WTO/China talks.
http://special.scmp.com/chinawtobid/news/ZZZLDYWX2TC.html
As soon as the auditors in HK have completed their work, we should be getting some word on the company's status.
When you go to the seedling site-click on projects not press releases to read about Brighton. Chief.
Go to http://www.seedling.net and click on press releases at the left hand column. Scroll to Brighton discussion. Or you can call Doug and he will explain the whole situation. Kit Kung sold/dumped ~2 million shares of GCHC and this is the reason for the share price decline from over $1.25. With the small float GCHC has, there was no way the share price could sustain itself with all this selling. Seedling has control of 100k shares and Doug said they have no intention of selling.
Our directors knew Kit had these shares. IMOP decided not to put out any PR, for all this time, so this element could not reap an rewards. There is more to this picture than meets the eye. Unigel/SUTCO is a VERY profitable entity. We long term investors shall be rewarded , just wait till we get some SEC filings and PR. Once this BoD meeting concludes, we will be getting some announcement. if company decides to hold back news till next year, they have their reasons. I assure you the reasons are NOT because GCHC is in trouble. If you are not buying shares at this price, looking back next year will disgust you.
I placed a call to seedling corp regarding former CEO of Brighton, Kit Kung, to see if Kit had any more shares of GCHC to dump. They said he got rid of all his shares last year and seedling has Kit's remaining 100,000 shares. This means GCHC's shares will be trading in a stable market from here on out. Nov.11 should be a good day.
Great news just broke: go to http://www.chinaonline.com/topstories/011105/1/C01110608.asp
The BoD meeting in England should finally give us some company news once they finish their conference. I think we have finally arrived.
Nice to see this upswing before we have some official company news. If we see a surge in volume come the end of next week. We know the guys in the UK have finally seen the light.
Chinaonline has another interesting article regarding WTO talks with China. Share price is moving up on small volume and no news. Looking very healthy.
The SUTCO booth at the last WC went very well and customer base continues to grow. Audits should be completed by mid dec01. WTO talks to take place on time and this should be a stimulus to all Chinese stocks.
I will be briefed on the wire conf. next week. The Chinese are celebrating a holiday all this week and the plant is closed till the 7th.
There are some very interesting articles posted daily on chinaonline.com Most of the news regarding foreign investments has been very positive. The Chinese tourist industry has not been hurt too much by our troubles. ____charity.
An article of interest: http://www.chinaonline.com/topstories/010919/1/C01091901.asp
SEC filings, press releases and China entering WTO should all take place at the same approx. time. I will post any news on the Wire Conf. Unigel is attending late this month.
A view I uphold- http://www.antiwar.com/orig/browne3.html
A look at our fellow man & friends- http://thankyou.fast-networks.net/
PAX-Chief
I have some news for all you investors. Click on http://www.siliconinvestor.com/headlines/financial/20010914/361046.html
I have just received word that the sale of Unigel will NOT take place. The plant in China has increased their workforce by 12 and are doing very well. The company will be farming out their website to a new HK firm, so at least we will get updates.
In the coming week I will have some more information on future plans. I will try and post some news regarding the next Expo conference that Unigel will attend.
Pres. Bush is pressing hard to get China into the WTO and no matter how the press twists the truth. This move will be positive for all of us planet dwellers.
Great news for us investors in the China market: http://www.chinaonline.com/topstories/010705/1/C01070550.asp
China.com getting hit by 2 different class action suits. GCC's cautious approach to pr may have been the right course. Not good for us investors who have been waiting for some news for 2 years. Time will tell.
In a Bloomberg article about Alcatel and it's projected losses. The fiber optic cable divisions were makng money for the company but it's other subs were projected to lose. Symbol ALA took a hit today along with bad news from Marconi. Alcatel is one of SUTCO's buyers for their gel and related equipment.
I don't think the share price of these telecom and related companies is a true barometer. These companies still generate billions in revs but the investment community grades on a different scale. It wil be interesting to see how te market views GCC's financials.
I think you have competition Creek. Just came from reading three other message boards and it looks like you are not the only bidder. MM's lowering te bid to fill orders and scare the weak investors. Nothing new under the sun.
Creek-your order may have to be split up into smaller lots. Remember, with Kit having sold all his shares, the pool of shares left may be scarce. Good luck.
They have a website greaterchinacorp.com , but until they file their 10k & 10Q reports, it has been inactivated.
Some figures just were releasd regarding investment dollars going to Asia. China will receive $40B from the US and the rest of Asia will only be getting $20B. Looking like WTO talks may reach a head first week of Nov01.
I think China is the next gold mine for stocks and GCC (GreaterChinaCorp) has the right name. If the plans that were explained to me take affect, we should be in good standing. I won't waste my time talking about these plans as long as we have the resident jester posting. Happy 4th to all!
WTO talks are heating up again, as this aricle clearly states. http://www.chinaonline.com/topstories/010627/1/C01062606.asp
The last time I spoke with Mr. Edleson he said he had 150k shares left out of 300k that he held originaly. I think he sold half at around $1.
Kit Kung, the previous CEO, has sold over 2 million shares last year. Kit is now being sued by the new owners of his defunct company. If anyone was concerned about all those sells/volume last year. Thet were Kit & Co. dumping. The insiders and everyone else involved in GCC are sitting tight.
The ideal scenerio for gchc shareholders would be positive WTO talks and SEC filings. I've already talked to COB & CEO regarding this matter. I can't read their minds so I just hold & hope & buy more.
Mr. Edelson would have closed this Unigel sale months ago and by now we all would have read the 10K & 10Q reports. But such is the way of contract signings when one has incomps handling the transaction. I will put some of the blame on the Chinese for their lack of tust and in the language barriers.
Creek; the actual press release can be retrieved by going to PR Newswire, Monday, April 26 1999 @ 1413. This press release can also be found on ragingbull-post #571 under gchc.
If you read this pr closely you can feel the anxiety/concern by the writers. If they had left the first paragraph off the pr, the share price would have gone much higher. It would have been much nicer to let the market control the price rather than putting out such a questionable pr.
This might be good news, I think investors need a more responsive group in charge. And I think that is an understatement. I await a call from the UK and if the talks can be passed on to those reading this board-fine.
I am reading more and more reports about the saturation of fiber optic cable lines. Where there are hints there usually are substance.
I'm still waiting for word on Unigel sale. The Chinese must have some crafty lawyers to have this deal signed. As soon as this sale goes through the auditor will file the past 2 year's financials.