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they had their picture taken together which in an of itself means nothing but in chinese custom usually signals some kind of mutual intent,,,,,,,,,,,,,nor should it be prodded or probed at this time by you with eddie,,,,if a deal is struck it will become visable soon enough,,,,,,,,,,
... been posting since the reorganization JT,,,especially in the blackout periods,,,has not done a lot of good for the share price and many are in a house of pain and have been influenced by my posts,,, for that i am deeply sorry,,,,,,nevertheless monopolies are hard to find,,,,especially ones with mother companies such as China Merchant Group,,and that is why we own this one ,,all young companies are dangerous to invest in because they all have money problems,,,the smart investor always buys best of breed,,,,CTGLF is an exception to the rule on many aspects,,,,,,,and the day will come when every CTGLF shareholder will have their day in the sun,,,,
,,,,,,you have endless curiosity JT,,,,,,it okay,,,,the world of reverse mergers is special game in wall street seperate from IPO`s and the rest of the market,,,,,
,,,even tho CTGLF technically is not a reverse merger , it is a fullfledged reorganization and cousin to a reverse merger,,, Frank intended to do a reverse merger with it,,,,it just backfired on him,,,,,
,,,promoters who do reverse mergers usually have guidance by those who have gone before,,,,,,,Frank did not ,,,,
,,,,The first 2 things you do is ; first take all the stock that can hurt your share price off the market, ,,,,with out killing your shareholder base,,ie; (dransfield stock) ,,,the second thing is you cut a deal with your sponsoring market maker ( or a similiar hedge fund ) to protect your back,(shorts) while you are in your infant stages of growing your company and doing its financing,,,,,,otherwise you are prey to what you have been witness too these past months,,,,
Fan not only came out of gate with a incompetent American lawyer,,,but had no clue to ground rules of the real game,,,,he just figured he had a shortcut with the least amount of disclosure,,,,,proved to be a disaster because the game changed with sarbanes-oxley,,and the minute he was delisted he hit the radar of all short funds,,,,,,,,,,,,,,,nevertheless he is learning the hard way,,,,and his china game cannot be matched,,,,he has a monopoly in his niche,,,,and is wired to the ministry of information technology of all china,,,,,,,,
If Fan cuts deal with them,,,,say goodbye to shorts forever,,,
,,,,http://www.livebroker.com/html/overview.html
,,,prince get out your chinese dictionary
,,,,http://www.dichain.com/
,,,the best success a guilo has with the chinese is never disclosing that you speak or understand their language,,,,and they never expect you can,,,,,,,,
,,,,for practical purposes JT ,,,AMEX and consolidation is not a issue in the short term,,,,,if and when the naked shorts go on to greener pastures as they waste their time if the stock will not continue dropping,,, ,,,, this stock will climb on this exchange when that kind of selling stops
,,,, my view is and has been that Fan has already taken long term
measures to rid the shorts as buying in the float is the utlimate weapon,,,,,,,,,
,,,in the short term by executing better on financial changes and and disclosing new customers is a practical way to discourage shorting,,, and another alternative is a strategic partner like "Westminister" who have their own trading war chests,,, would send the shorts elsewhere forever,,,,,,however i beleive they are waiting for the same things we are currently,,,,, and i have no information that indeed they have cut a deal with Fan yet or will do so,,,,
,,, JT,,,,,,and to others it concerns,,,,,,i congratulate you on your energy and activism,,,,,
,,, In my view your raising the issues of naked shorting and trusting their own market maker (NITE TRADING) is the most productive part of your conversations with Mr. Yu,,,,seems to me his fluency in English makes him a better Investor Relations opertive than Ms, Fu,,,,,i do NOT know whether he is corporate secratary of CTGLF or as i understood of Dichain (ASIA) either way we have no new insights yet and Fan needs to be careful not to violate Regulation FD,,,as real news must be disclosed to all shareholders at the same moment,,,,,,,,,,,
,,,the financials will footnote and give us the best data to base buy and sell decisions ,,,,,,
,,,the sooner the better for all concerned who monitor this stock
,,,as far as new news is concerned the company has issued a new version/or upgraded version of Dap ( 3.2 ) with expanded functions and newly installed security features,,,,,,,,,,
,,,,that has been the story for almost a year now,,,,,,,,,,
,,,,the positive aspect is the stock does double,, and doubleing your money is not to be sneezed at!!!!,,,,and frequently,,,,,,,,therefore untill the forces change with the help of financials, and regular reporting of news and quarterly reports,,,,,it has become a great trading vehicle,,,,,,,,,remember that Fan also had a secret visit from Westminister,,,, and their influence has not been visible yet,,as i think they wait like we do for the DD ,,,and see the track record for the companies first year,,,,,,,AUDITED,,,,,,,, the fact of the matter is the financials were always destined to be audited,,,,it was disegenious that pr people used that as an excuse for delays,,,,,,,,,
the SEC passed a new rule last january,(the rule is known as SHO ),,,,like many of their rules it has no teeth,,,,,,,,,brokers who do it legally as they are exempt from having to actually borrow the shares are very clever how to pass the lack of short settlements like a baton on to another broker,, if it is his broker,,,as i stated earlier i believe it is an offshore outfit,,,,,,,it is one of the most vicious and detramental pracitces that unscruplous players do to both investors and companies,,,,,,,and their is no clear cut answer ,,,except when stocks seem to hit the wall ( a support level,) and become to stubborn to drop anymore most times they move on,,,,,,,,in this case they let up only temporary,,,which is why you see the chart hit troughs and then suddenly double,,,,,the cup and handle formations that have failed on this stock so many times is again proof postive to an informed chart reader,,,that the stock is being manipulated by naked shorts,,,,,,
so my view so far is Fan does not know how to nail or he may be still in denial,,,,,,,,the best you can do is hammer the subject with him and hope to get him on the record about what he knows or believe about his own Market Maker,,,NITE Trading
,,,,,,,,JT,,,,,,,i have written many times about the blatant shorting on this stock for over a year now,,,,,, most traders think "naked shorting is gobblygook,,,,,it is not,,,,,the first clue to naked shorts are the paid bashers on yahoo boards and somewhat on raging bull,,,,,,,,,i have tracked this stock since its reorganization,,,,i also have tracked the volumes and tape for the same duration,,,,,,,,their are many investors on this board who witnessed the relentless bashing of CTGLF as DFCT,,,,,many may voice after this post,,,,,,,,,,in your last email eddie claimed no insider has been selling stock,,,,,i believe that,,,with exceptions,,,my point is the the large blocks of stock that became free trading because of the reorganization into the float for sale are known as the "DRANSFIELD" stock,,,my records indicate that stock was dried up months ago,,,,,,,,,,,hence the character of recent months of the tape clearly indicate naked shorting,,,,,,as many also know i was approaced by a recruiter who also was the most active of dfct bashers,,,,,,,,which was proof positive from my view,,,many disagree but i submit they are uninformed,,,,,Fan has been in denial about this for some months,,,,,,,,i have suggested to him that his market maker who is exempt of the shorting rules for investors may be the culprit and not to be trusted,,,,the more obvious source is an offshore outfit where naked shorting is legal,,,,,,,,,,,,,,i know everyone wants more disclosure but if you turn back the clock to last november he hired a pr firm who did a fabulous job of news releases,,,,,and each was met by vicious selling,,,,smothering what would ordinarily be upside pressure,,,,,,,,after 13 releases Fan gave up,,,,,,,i suggest your most effective conversation with Fan would be about "this subject",,,,,,,he understands already about the news blackouts and will double talk you,,,,,,,,,,,,for what it is worth,,,,the charts do not lie,,,,,,,the stock has been the target of naked shorting since the stock was holding at .40 and above( which was the price of one of his private placement holders,),,,,he could not hold the stock price,,,,,,,,,,his market maker may not be the culprit,(NITE),,,but they are not in the dark about it,,,those trading desks recogize the footprint of naked shorting as they do it legally themselves from time to time,,,,,,,,,THIS IS THE REAL ISSUE AS RELATES TO THE SHARE PRICE,,,,,,, those issues you and others have matter of course and help any stocks share price ,,,but in this case not responsible for the silly price of .10,,,,,,,,,,,,,,,,,,,,
,,,,the email you received had some improved english grammer,,that kool,,,,and is reaffirming that there is nothing bad about the financials, just slow according to previous guidelines ( they must do better about guidance and get quarterly reports on track, ) as alan states whats the differnce of the growth by percentages to us,,it has basicly been projected to double earnings each year,,,,,, it has always been difficult for me to read chinese , however i am able to decipher apparent new developements with RFID,,,,the chinese used the word breakthru in the Shenzen newspapers ,,,,i suppose that the company is waiting for the roadshow to release all their thunder at once,,,,,or a press release would have appeared over here,,,,,i am concerned that under regulation FD they are printing information that is not simultaneously released to us,,,,,,,there is new contracts being signed but i dare not try to repeat and get the translation wrong , and they are talking about increased logistic traffic thru shanghai,,with statisical comparisons,,,,,,and lot of chatter about a new security mechanism in their software,,,,,,,,,,,,sorry i can not be more exact but its bloody tough to speak chinese let alone for a quilo to read it,,,,,,,,,,,
,,,,,,for the rest of my friends and clients who understand i do not make excuses for Fan`s lack of good execution, i simply report what i understand is going on,,,,,,,,,what you do about it all JT is what makes a market !!!!!!!!!! and i will give you 11 grand for your stock all day long,,,,,,,,, young pistols do not have a realistic view of the MUSE,,,,,,,,,, the market will take your money the minute you do not know what your doing,,,,,,,,,,,,,
,,,,,,,JT your singing to the choir,,,,,I have posted many times on this site why we like and hold a core position in this stock,,,,,,,,you want to hit a homerun now,,,,,,,you may and maybe it will be more like alan webber describes for you,,,,
the bottom line is you are demonstrating the typical behaviour of a weak hand in technical analysis,,,,,,you are the weak hand,,,,,,,,,,,,so keep on yelling,,,,,,,it signals as alan suggested a turn in the stock,,,,,
,,,,now why the technical problems with the audit ,,,,,,they are very simple if you had really understood the nature of this company,,,,,,you have china merchants in the logistics business,,,,you have dichain asia in the logistics business,,,,,,You have CTGLF in the logistics business ,,,,,,,it is like incest,,,,,,the auditors will not sign off on these financials under sarbanes oxley untill it is clear and clean the source of revenues,,,,,it is nothing sinister,,,,,,,just the chinese gobblygook of keeping books,,,,,,,,,,Fan buys , gets , is fed assets thru his holding company,,,,and the old accounting rules were easy to deal with,,,,,,,,not under sarbanes oxley,,,,,,,,same bully pulpit i have been pounding cause noone gets the difficulty of compliance under these new rules,,,,yet someone is talking about it everyday on the news channels,,,
,,, now ,,,,not only are these financials already obsolete,,,, the lack of their filing probably does not effect the stock price in the least,,,,,,,,,,what is affecting the stock price is the seller/short which ever it is in reality and it is not over,,,YET,,,,,,,,,the stock will not crash,,,the proxies have been buying for months,,,,,,,,,,,,,,,,,,,,,why should they stop now !!!! the market makers have not been accumulating all this stock sales for months,,,,,,its not their way,,,,Fans crowd/ proxies are buying up the float,,,,,when its over it will be over,,,,,,,,,in the meantime,,,,,,,,,as alan continues to point out,,,,,,it has been a great trading vehicle for the last year,,,,,,,,,,it has doubled out of its trough multiple times,,,,,,,,,,if you do not like owning a monopoly for the long term,,,,,,,,,,,SELL !!!!!!!!!!!!!!!!!
,,,,,,,,BELIEVE IT ,,,,,,,,,,
,,,when i say that Fan is desperate to move the stock over /.40 cents,,,,,,,(same deep source)
,,,,,,,,STALLING,,,,,,,,,,,,
i am now convinced management is stalling the release of financials,,(good source like deep throat),,not because the financials are bad,,,,,,,because they are good,,,,,,,,,,,,,so why stall you say ,,,,,FAN is tired of the fire on his "ass",( from private placement holdrs under water,, 6.4 million of reorganization money @ .20 cents and .40 cents ),,,(sorry for the french) ,,,as you all witnessed yesterday , his proxies trying to dry up the seller/shorter , as we still have a seller with stock,,,,and they are still trying to dry him up before release of data,,,when he had alan stone as a flak ,,,,,,every press release was squashed by the seller/shorts,,,,,,,,15 news blurbs and each was met by heavy selling,,,he gave up that tactic with reluctance,,,nevertheless no news releases since,,,,understand he is not "anti" shareholder friendly,,,,he is trying to figure out what will work for his share price,,,,( what works is dry up the float as cheap as possible,,,,,,,,,remember China Merchant Group has experience with public companies,,at least at present count 25 profit centers are public somewhere,,,,,,,most in CHINA,,,,,,these guys are not stupid,,,,,,,,,,,,,,even tho they did screw this reorganization up some months ago tho,,,,,,"the ship will right itself and these silly prices will redeem themselves to a more reasonable level",,,,,,,SOON,,,,,,,,,
about the float ,,,,,,,,assume a 50 million share float,,,,,38 million was held by american shareholders (1002) as of last shareholdr meeting,,,,,,the float has turned into strong hands but is not dry YET,,,,,,when the selling stops for a week,,,look out !!!!!!!!!
,,,,,come on guys ,,,,,,,i know everyone is anxious for filings,,,or information,,,,,,lets not draw new conjecture from china`s growing pains,,,,,,of course the china exchanges are at lows,,,,,,the companies are all state run companies,,,they deserve to be at all time lows !!!!they are the most ineffcient assets in all china ,,,,in fact they do not deserve to be public at all,,,,,,hence the warning to investors,,,,,stay away from what you do not understand,,,,the best of breed in china is listed as ADR`s on our exchanges,,,,only fools or insiders would buy on the china exchanges,,,,,,,,it is two different worlds,,,,,and we must be careful and understand those listed on our own exchanges,,,,,as the chinese have sophistcated pump and dumpers,,,,,the old management of this company were thieves and a prime example of a state run enterprise without merit,,,,,
that is not a reflection of our current management with pristine credentials and state of the art IT services totally reorganized into a cleaned up shell corporation,,,,,,,,,
,,,,that is company proxies buying as much cheap stock as they can before the financials change peoples perceptions,,,,
,,,,,,,because the relentless seller was absent,,,,,,,,dont hold your breath,,,,,,,,but that is 2 days out of the last 3 ,,,,,,
,,,,,,,,,,the company may not repond in the short term to the confrontational emails,,,,but at this stage of their reluctance to communicate is not justified,,,,,,,,,in time they will have their effect ,,,believe it,,,,,its like a shareholder revolt,,,,,,,,, everyone should e-mail your dissent to the news blackout,,,,,,
,,,,we never know for sure,,,,,,,,we only have clues,,,,but "tells" by definition is a change in character,,,
,,,,,maybe ,,,,,,,,just maybe after months of relentless selling,,,,,,,,,,,, its over,,,,,,,,,if so,,,,,look out!!! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
,,,,,,, the character of trading changed today,,,,,,,,
,,,,,,, what does it mean,,,,nothing yet,,,,,,
,,,,,, but there is only so much float,,,,,,one day there is no more,,,,,,,,
,,,,,,,last month over 11 million shares traded,,,, the largest monthy aggregate since over a year ago,,,,,,
,,,,,today the short/seller was noticeably absent
,,JT,,,,,Stogi is right,,,,,you are way to apprehensive and nervous,,,,,,,,,,,,and do yourself no good watching every tick of the tape,,( those red and green lights of every tick of the tape latchs and locks on to your mind and leads you to micro thinking everything over and over which is not neccessary , this stuff is not rocket science and the obsessiveness is the first step to paranoia type thinking),,,,,,,,,,,,you lose the clarity and perspective of the larger picture and whatever grounding you need to make proper decisions,,,
,,,as ALAN suggested,,,,you should have at least 2 or 3 other stocks to watch and let the prices bounce back and forth off resistance and support in their trading ranges and quit fretting over things,,,,,,,,,,,"most of these stocks trade off of the perceptions of the crowd not the numbers",
,,,,,,,,,one of the headline news items on CNBC today is the resignation of SEC chief,,,,,,and the deep divisions in his office mostly over Sarbanes-Oxley,,,,,i have been pounding this theme over and over as it was this body of new rules that ambushed CTGLF,,,,,market players underestimate the difficulties and costs these reforms present to managements everywhere,,,let alone China listed companies,,,,,we hope the more they report (on a quarterly basis) the better their execution of timing and disclosure,,,,,,,,,
<<<the above is not an excuse for Fan,,,,,,and it is a rough landscape to navigate for this team obviously,,,
,,,,,,,one of the merits of investing in a Hong Kong cultured corporation,,,can be gleened by reading the resume`s of its non-executive directors,,,,there you will get the hint of the prestige and quality and affiliations of these directors, and their backgrounds,,,the merits being board members came from the legacy of the British accounting societies( understanding that cooking the books is the greatest risk for investors in china ) ,,,,, personally this aspect has always been my greatest comfort in putting significant investments with this crowd,,,,,,,,believe it when it is said that china is still in the wild wild west of business practices,,,,,
,,,,,,i have the greatest confidence around management`s number crunching practices,,,,,
,,,nothing wrong with being an ACTIVIST shareholder JT,,,,,
,,, go for it,,,,,
;;;your very clever about touting your own plays richard after your positions are established,,,,, !!!!!!!!
,,,however it does not go unnoticed!!!!!!!!!! its deceptive and lacks integrity,,,,,,,,,
,,,and it is not what this site is about!!!!!
,,,nor your constant disquises fools anyone
,,,,,well stated sugar,,,,,,,,,,nobody here has lived in China and gets how things happen,,,,,,no need to freek out !!!!!!
,,,,,,,COUNTERPOINTS,,,,
. It is important that they file when they say they will file,,,,
. The company has said it is already profitable and will make a penny this year at minimum
. The company has already announced a large contract this year, which bacicly doubles the revenues from previous guidance, and the year is not over
. The company already announced its expectation for listing on AMEX this year,,,,
( the sources of this data was given at the last conference in Florida and can be seen on the company website presentation to investors )
as a footnote,,,i appreciate your view to dampen expectations of the exuberant newbies,,,
,,,,however it is important that they keep committments they make,,, credibility is neccessary to fund managers that have them under consideration,
,,,,great to have some shareholders who actually have been to China,,,,and are familiar first hand with the awesome potential of many of its industries,,, back in the late 80`s i conducted trade negotiations for various agri-business multi-nationals wanting to do joint ventures in Shenzen,,,during which time became familiar with some of the people who now manage the China Merchant Group, I got to the party early with Dichain,,,but recently its paying dividends if you stay nimble trading the stock,,,,,,,
,,,scoops are great if they give a trader an edge or point to the anomolies of the market,,,,,,,so far not the case with this company,,,,tho it might settle some nervousness about the company to newcomers ,,,it is getting increasing difficult to make money in this market, unless you are the best of the best daytrader or stockpicker,,,,knowing this company and the behaviour of this stock might encourage many of you to stick around and not be so quick to discard what has become a great trading vehicle the last 6 months ( 5 doubles off its trough in 8 months) and with a bright future,,,,,,,,i have repeated many times the biggest threat/risk of these small otc-bb companies or any small company the longer you hold them is they run out of money and leave one holding the empties,,,,,,,,,this will never be the case with CTGLF,,,and as a high beta stock,,,it can continue to ring your cash register for many months to come,,,,
,,,,,,,,speculation and conjecture,,,,my favorite subject,,,,,
,,,,,,,some weeks ago i was able to verify thru sources that indeed Dr. Fan hosted and met with Westminister Securties in Hong Kong ,,,they have offices in New York and Shanghai,,,and probably introduced by Alan Stone and Company,,,,,as he was also present at the meeting,,,,chinese take pictures of these events , sorry the link is gone now,,,,, They also are waiting for financials,,, what kind of deal was made if any,,,sorry no info,,,,however, Westminster could provide a variety of services that Frank needs,,,,,,,,all to shareholder benefit,,,,you all can look up Westminister and notice their range of services,,,and do your own speculations from there,,,,,hehe
,,,,,try not to lose focus guys,,,,,,,,,its the financials!!!!,,,,"the financials",,,,will tell us all we want to know,,,,,you will meet management at q and a ,,,,but you will not learn anything new, that is not published,,,,,,
,,,,,,this mangaagement is a HONG KONG crowd with 3rd generation hongs and the educated elite,,,,,,,,,,,they are polar opposite of the state run mentality inside the mainland,,,,,,,
,,,,,,,,,,be patient guys,,,,they will post the time and place with a press release,,,,,
,,,,,Congratulations to our new moderator,,,,,,,,
,,,, please tell the board something about yourself and your discovery of CTGLF......
,,,,http://stockcharts.com/def/servlet/SC.web?c=CTGLF,uu[l,a]daclyyay[de][pb50][vc60][iUc20!Lf]&pref...
,,,,the above chart gives a good view what getmynaz is talking about ,,,,the chaiken money flow has been green for close to 6 months now even in share price downtrend ( a postive divergence )
,,,,what has become very interesting that he points out is the accumulation line has returned to the level that stock traded over 2 years ago ,,,,a postive divergence again,,,dont know but it does tell us the stock is being bought up as opposed to to large blocks being distributed into retail buyers,,,,,
,,,,its a good question B of B,,,,,and you are right that companies pass resolutions and buy back their shares all the time if they think it will help the share price and or make the company money,,,,,,,,that has not happened so far with CTGLF,,,,,so clearly it is happening on a stealth level,,,
,,,,the SEC has the 5% percent rule in that anyone accumulating over 5 percent has to make a filing,,,,that has not happened,,,,,,,,,nevertheless a couple of different sources of any of the China Merchant Group can easily stay with in those stealth guidelines,,,,,,,,,
,,,,one thing for sure ,,,,,someone has been buying the bid for a long time,,,,,,and soaking up short shares,,,,
,,,,,seems like a slow day to end the week,,,so i will waste some time on some speculations,,,,,
,,,,,Dr. Fan has always been adamant about being relisted on a national exchange,,,( he lost a lot of face being kicked off nasdaq ) he was as surprised as we all were actually,,,,,,and today he is still determined to accomplish this apparently on AMEX,,,,so you have to ask yourself how is he going to handle the share price issue,,,,,( they have plenty of money and assets and profit also ) ,,,and so of course that implies to many a reverse split,,,,but there will not be a reverse split as that window passed many months ago,,,,the private placement venture capital folks will not stand for it,,,,,so you have to ask yourself or him ,,,how is he going to do it,,,,,(i asked him and got the classic chinese no expression response),,,,,ok so then how are they going to do it without the reverse split,,,,,,,,,,,its not rocket science , we who have been around these reorganizations for years know the only way is too squeeze the float,,,,,simple as that , but you have to have the money to buy it in off the market,,,,,,,,,guess what ,,,these guys have plenty of money,,,,so now we link what we see on the chart to that possibility , and somethings start to make sense,(the rising accumulation line regardless of the share price divergence),,,that is he cut a deal with his market maker to move the stock sideways buying everyday any stock that hits the bid,,,, one day all the stock will be in strong hands and presto,,,,we will see the $ 3.00 bucks necessary for AMEX,,,,,,,,,,,,,,,something for you all to muse over the weekend,,,,,hehe
,,,i agree with you about the chart,,,,,we talk technically about "positive divergences" negative or bullish all the time,,,,,,,this chart has had so many positive divergences in the recent weeks,,,,it blows my own mind,,, and it keeps reminding me of the old time pressure cookers,,,,,,,,,it just seems the top will blow off anytime,,,,,
,,,however till it does,,,,,,, buy the bottom bollinger band and sell the top,,,,,,,
,,,villebout you will do a fantastic job,,,,,,,,i only care that the facts reach as many investors as possible,,, ,,,,,,,i am not interested in moderating,,,,,,,,go for it my friend,,,,,,,,,