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Thanks for the site posting. To re-confirm your post-I just received a response from Unigel manager that they will attend the convention along with 700 other companies. I do not know the people who will man the booth but may find out shortly. I am glad to hear that the infamous Kit Kung no longer holds any shares in our company. This "loser" cost GCHC 2 years of company's time and money. Besides driving down the share price by unloading over 1mm shares, last year alone.
I have spoken with Tom a number of times and he always returns my calls. He has my respect. He also wants to be fair to all investors and thinks the proper avenue to release info regarding this company is thru the sec filings. I have asked him all questions that would give us a clue to this company's future. He always answers by saying that he is working hard to get all the problems cleared up so Quadrax can move ahead. You can try to gather more clues and post here so we can all learn. I invited Tom to come here and post but he is unwilling, so far. I can delete the posts of "wise guys" and make this a valuable thread to everyone interested. Stay tuned. Chief.
The major part of todays volume was the market makers churning. Common gimmick to get attention before these small companies come out with news. They play the Level2 junkies like a cheap guitar. Volume catches these mo/swing/day traders and then the news gives these con men a chance to pump the ask up. Well they had better do a super job because the numbers in these filings won't be vey good. Let us see how these mm jerks play this tune.
On the bright side-I think this market suffers from Mad Dow Disease"! I'll be in contact with Unigel next week to see how GCC is proceeding w/regards to it's sale. As of today there has been no deal closure. Stay tuned.
The 10Q will be released before the 10K-according to Mr. Desmond. I find that odd but maybe he mis-spoke. No matter, at least we get to read about any new developements. Trying to extricate info from the EB people is extremely difficult. Worst scenerio we go private, next worst we have another reverse split, next company fails to satisfy Congress Bank or finally company does not merge with Coleman as we have envisioned.
I am not bothered by today's action because the people who really count (CEO, VP, COB, GM, Manfred Unger, Mr. Edelson, S. Song and 1.7mm shares) have not sold. If you check the Level2chart you will see a block trade of 157,300 shares at 0.02 under the bid price. I suggest you call the president of SEED Corp-he will tell you that Kit Kung-the former CEO of GCHC/Brighton has been dumping shares of this company for the past 14 months. There is also the strong possibility that a market maker-who has strong ties with an ex-con may have put through a paper trade. Unigel plant is a money maker and soon to be divested. Then you can ask more questions regarding GCC's future. Till you read the SEC filings-just sit back and enjoy the charade.
Progres being made as the dispute with old leasee has been settled. The SEC filings will be released on time as of today, but an extension is not out of question. Company has no comment on merger situation nor wil discuss share price. As more facts come in, I will try to keep updating. Company policy is to speak with any investor that calls but the most imporant issues will ONLY be addressed through SEC filings.
dailynews.yahoo.com/h/cn/20010318/tc/
Level2charts.com has all tading info for this company. Looks like bid dropping to .008 tomorrow. I wonder what Pond did with all those shares they bought fot a nickel?
This is a very interesting article on the stock market and why we all must ignore our brokers advice or CNBC analysts. http://washingtonpost.com/ac2/wp-dyn/A6788-2001Mar14?language=printer This subject has nothing to do with GCC. Just may be of interest to some investors for future reference. Regarding GCC-the lawyers and principles are working on the Unigel sale. As soon as sale is cleared the auditor will start crunching the numbers for the 10k & 10q. Let us hope this long silence will be golden.
Spoke with the ceo regarding release of 10q. He said, they 10q and 10k, would be out as soon as all the stats can be compiled. They will not be put out just to satisfy the urgency of a few investors. The company has obligations to a few more pressing matters than the release of the sec filings. Quadrax management team intends to file before 20th of April.
There was a PR yersterday put out on businesswire at approx. 3:35 pm EST. It gave the new office number where investors may reach this company and the CEO-Thomas Desmond. If you make a call-please post any information that is obtained. This site is here to inform and desminate the news of Quadrax Corp. Please respect your fellow investors and hopefully this company will turn around for all us involved. Thanks.
You hope so and so do the rest of us investors. My main concern after this sale is where GCC is headed and talking with the largest individual investor in this company. He has his doubts about the abilities of the present management team. These guys in England apparently don't get the picture. We as investors need to be kept informed by US standards not some archaic mid century format. There must be a free and open discourse between the company exec's and us investors. Just like Gary Robinson promised in the last SEC filing & press release. I'm just hoping that the profits from Unigel don't get diluted into greedy self-interests. If their interests don't lie first to us investors, the court system will take care of the little cash rewards they get out of being selfish. Stay tuned.
I think we should be getting some news regarding the Unigel situation. The gal I spoke with at the Unigel plant in China said a sale was in the works. Where GCC goes from there is up to Gary Robinson and I have not been able to contact him. I am under the impression that he won't speak with individual investors. Time, maybe, to make some changes in the management team.
Article in one of the trade magazines states that 90% of the state run companies in China are losing money. Private companies on the otherhand are showing profits. Won't be too long before China's heads will have to see the light. The military will somehow have to be appeased. This will be a big year for the Chinese economy.
Mexico and China will meet in the next few weeks to discuss the WTO. Mexico is the last country in the WTO that has not given the okay for China to become a member. Mexico states that it will vote yes after these upcoming talks.
The Chinese new years ends today and stock market in China resumes Feb 5th. Lastest story on WTO talks are discussed here: http://www.chinaonline.com/topstories/010201/1/c01020157.asp
I find it interesting to read that Taiwan is holding out on reforms needed to enter the WTO. Whereas China is cleaning house and is doing everything in reason to enter. Why would our ally be the one resisting change?
There is no word from GCC headquarters as to the future plans for our company. The boys from Brit have failed to implement their past promises and also seem uninterested in keeping investors up-to-date. A change of the guard is apparent. Lawyers, auditors and directors are keeping mum on any information. Our only resource is time.
Any input from investors who have made contact with management would be appreciated. No need to post old news or opinions. Till a PR is filed I'll just try and post China related news stories.
The latest news from WTO China talks can be found at this site. http://www.wto.org/english/news_e/news_e.htm
Also of note- ML"s head Asian analyst says that only 3 internet plays will succeed in China...SINA, SOHU and CHINA. Of course he added that analysts had misled and were wrong on other calls dealing with the dot.coms in China/Asia.
The great thing about speculation-it is either right or wrong.
A number of facts about China:
http://www.chinaonline.com/china_facts/frame_chinafacts.asp
There is some news on the upcoming WTO talks regarding China. It can be found here: www.wto.org/english/news_e/meets.doc The accession of China into the WTO.
ML just lowered ratings on the 4 main Chinese internet players. Their opinion suggests a very tough environment for profit in the China market-for internet addvertisers such as SINA and SOHU. We finally are getting a reality check on companies with no profits in the China market.
If anyone would like to keep abreast of the China homefront and up to date articles. Click on chinaonline.com This site has articles from some very sharp writers. WTO news should start appearing in the last week of Jan01. It will be interesting to see how we fair after China is back in the news.
Looks like relationship between mainland China and Taiwan is being mended. This should help speed WTO entrance by China.
China officials just announced the opening of China's doors to all foreign accounting and insurance firms. These acts to help China bring their standards for each economic sector up to WTO standards. Looks to be a very interesting next few months for the shareholders of Chinese companies.
China reduces phone charges in effort to stimulate internet usage. The beginning my friends.
Yes! Good luck on your fax to Unigel manager.
A Chinese official came out yesterday with a timetable on WTO-China schedual. He said by 26Jan01 all should be clear for approval and then 2 months more for China congress to complete the signing.
Most everyone of the Chinese stocks involved in the telecom/internet services are continuing to slide. They are finally getting near their true value and may be ripe for an uptrend, if they can survive these next 3 months.
Till next year-have a nice warm festive time. Chief.
If anyone has an interest in Level2 charts and figures. This site is free with delayed figures:
http://www.level2chart.com/level2chart/chart.asp?xy3ww=9321&Userid=dummy
I want to thank the person who sent me the Unigel fax number. The number is 755-669-4627.
Ian Hetchell is the plant manager and also a director of GCC (GCHC).
Some questions that he may answer are: Where is this company Greater China Corp (GCC) headed after the sale of Unigel. Have there been any insider trades (sales or buys) in the past year. Is the share buyback plan still on the agenda. If Unigel plant is sold, where will he (Ian) relocate. Why no press release regarding Wire2000 Fair that took place in Nov00. What were the gross and net sales figures from Unigel in the last 9 months. Who are the current directors and their phone/fax or e-mail addresses.
I will post the responses I received once I see interest from other investors. Hope you all take the time to make contact.
Unigel is the number 1 supplier of fiber optic gel in China. Why doesn't the company report this fact is beyond me. I asked a director why this information is not being reported. His comment: We don't care what the share is now but what it will be down the road. His confidence in where company is headed reduced some of my frustrations but still find their IR very odd.
Company will be posting pictures of the Unigel booth that they attended in Nov00. No telling when this will occur since everything in China takes "forever'. Progress is being made despite the "red' tape.
It was nice to read that ATT was allowed to be the first foreign company to get accepted as a player in the China telecom sector. Took them 8 years of negotiating. I can understand the frustration that GCHC has been going through for the past year. The US and foreign investment community was thrown a curve last year through China's restrictions on ownership. This after all the monies foreign companies spent in China thinking the market was free. China played hardball and now looks like it paid off by getting WTO acceptance. Our share price keeps dropping and I think this is good for us LT investors. IMHO
Domain name registration has just concluded in China. Of the 800,000 names entered only 42,000 were accepted while 748,000 were rejected. Reasons for rejections-duplicitiy and not following simple instructions. Sounds like the FL election debacle.
Just like to pass along a fact that might make a few investors happy or at least hold some hope for the future. Go to the NEW Unigel.com site and see a picture of OUR plant. There are many other warehouses besides this faclity for storage and shipping purposes.
The latest wire show that concluded in the latter part of Nov was a great success. More to come as our future evolves. Pleasant dreams to the naysayers. And of course there is no proof that GCHC owns 60% of SUTCO/Unigel. Not my position to have to prove anything-just in case the same pest read this post.
Early morning selling and then a few smart people gobbled up the shares. I like the action and hope the new buyers get rewarded. New blood always invigorates. Rest of market keeps going the wrong way. Lessons to be learned by those who have never tasted defeat.
I find the China related stocks still heading south. Msg boards on Yahoo are questioning when the turn around will begin for their favorite China issues. Looks like investing will be limited to the dow dogs and companies with manageable debt. The joy ride is over and the daytraders seem to have vanished.
Compaq is setting up B2B platforms in Greater China area. It will be interesting to see how their systems are accepted and if they can become profitable.
There has been no news coming from GCHC either from UK or NY. The rest of the Chinese related stocks are holding at new lows. Will be interesting after the holidays as to where we are headed.
An added note that would show a touch of class. Send John Allen a Thanksgiving note-keep it simple and you may be surprised by a response. I know from our talks that he is more frustrated than us regarding the snail pace of this company's progress. Remeber-good out- good in.
Thanksgiving is a time to celebrate a bountiful harvest. We have not received our bounty from GCHC, as of yet but maybe next year. We can still take pleasure in the 3 F's that can never be replaced. Friends, family and food. This electronic medium can't hold a candle to the interaction of the emotions generated by the 3 F's. So to all-have a very nice Thanksgiving.