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GCHC-nice move up on press release: http://biz.yahoo.com/prnews/011220/nyth109_1.html
Should move much higher after the holiday. China operations with record profits, more pr's coming and SEC filings. Happy Holidays! -->
I little tip for any of you people who use FRT-freerealtime.com service for your quotes. Don't mention this to the site webmaster. The quotes you are getting are NOT realtime-they are delayed. In order to get the true real time quote-go to the left hand column and click on "time&sales"-you will notice the quote is quite different. The FRT site had a big "pay' drive last month and that is when the quotes started coming in a little delayed. Just part of the game. Chief
The news has just been posted on the COMTEX or Vancouver stock exchange. It will be interesting to see the trading patterns for the next few trading days. Monday is only a half day session.
You have misread me and my intentions. I don't care to bet with anyone regarding who is further ahead at the end of the year-I don't steal money from the innocent.
You and your family have a very Merry X-mas and New Years. Pax
We long termers don't need volume unless there is factual-positive news being released. My fiends and I are not traders-we own over 4 mm shares and don't intend to sell till the share price is over $3. Now with the low float!!4 to6mm and OS of 28mm-the share price is going up bigtime with this news. Remember-the pr said more pr to follow. If you are a "flipper" or "daytrader" be my guest. I take advantage of capital gains taxes and don't have to sit by a screen all day. GCHC is solid and has plans to expand. All this takes time and time not timing is the secret of great, profitable investing. Have a very Merry Holiday. I sure will!
GCHC--NEWS JUST OUT!
http://biz.yahoo.com/prnews/011220/nyth109_1.html
Hope you all took advantage of the current price share.
Archie: Seansons Greetings!
PRESS RELEASE:
JUST OUT! ENJOY!
http://biz.yahoo.com/prnews/011220/nyth109_1.html
:o)-----Yippie!!!!!
Thank you! I'll keep this board this way or we will move to another "controlled" board. We do not gain any ground by in-fighting and all who read this thread are either long or hoping to make a return on their investment. Chief.
If anyone is interested in checking updates on the greaterchinacorp.com web site, this URL will help.
http://amail.co.uk/cgi-bin/adetails.pl?domain=greaterchinacorp.com
The company told me that this web site will be activated as soon as they have SEC filings in order. The Unigel.com web site may incooperate the GCC name in it's next upgrade, so there is no confusion over GCC's involvement with SUTCO.
I received an e-mail from the manager of Unigel and he said he has spent the last few weeks meeting with over 100 customers. He passes along his wishes for the holidays and said he was busting his butt to make GCC a success. Chief
Not to worry my friends. The critics and bashers can have their board and we shall maintain ours. The investors will eventually find out which side is correct. Chief.
I want to extend seasons greeting to all who frequent this thread. I think we should all just enjoy the holidays and wait till the company brings us joy. Till we hear from GCC, good luck and health to all. Chief
gchc-I am curious about the last 2 trades on gchc. Why would any person sell or buy 200 or 400 shares of a company like gchc? How could these sales go through at the bid of .36 when my screen shows the ask at .36> I move to pinksheets.com and they show bid .24 and ask at .36, this is even more confusing. I don't know about the IQ's of daytraders but it can't be very high if they aren't buying blocks of 20k or higher on these pennies. Am I missing something? Chief.
Funds have been released to GCC for distibution and cash reserves. Stay tuned.
SUTCO audits going on right now in HK. These financials will then be sent here, to the US, for GCC's auditors to examine. This does no preclude a press release being released regarding other matters. We just have to wait and see if the attorneys or directors prevail. The operations in China are still expanding and demand for gel & equipment is growing.
I see where our friends the daytrades are selling in 5k lots. They don't want the surprises that often occur over the weekends. Low volume still proving the float is in the hands of the long term investor. A Friday PR would really teach those clowns a lesson.
There are some good articles on Chinaonline.com as is usually the case. WTO transition went smoothly and money is pouring into China.
The overall stock market appears very weak and I would not be invested in any company right now. The exception being GCC. There is a ton of debt out there and eventually the bill comes due.
I noticed that the Chinese stocks, traded here in the US, are headed south. Investors still looking at the bottom line. PE ratios are still too high and fed seems very nervous. It seem strange how good times/ bad times in actuallity seem the same. I have never really been effected one way or the other. One thing is for sure, gas prices are down, and I like that situation.
The WTO news releases can be best read by going to Chinaonline.com and clicking on the various news orgs. that printed their version. FT & BBC and WSJ are all a little different in content.
The best site I have found which details the WTO and China is; http://www.chinalegalchange.com/a-wto.html
GCC's management told me they would not limit their future business plans to just fiber optics. There are too many avenues of pursuit where GCC can increase it's shareholders worth.
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.