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So yesterday, March 5, 23,000 of the 32,850 shares traded were SHORT TRADES!!!!!!
This tells us one thing-- NO REAL PEOPLE, NO REAL SAREHOLDERS, ARE SELLING THEIR SHARES AT THIS TIME!!!!!THE SELLERS ARE SIMPLY SHORTS WHO ARE BORROWING TO SELL NOW WITH THE INTENTION OF COVERING THEIR SALES IF THIS STOCK GOES DOWN!
Good luck to all the short sellers--losers...LOL................
So dmg, everyone on this board will be laughing when this stock reverses its course EXCEPT FOR THOSE ( OR MAYBE JUST ONE INDIVIDUAL) WHO YESTERDAY SHORTED THIS STOCK AND SOLD 111,384 SHARES WITH THE EXPECTATION THAT SOON HE WILL BE ABLE TO COVER HIS SHORT SALE AT 5 CENTS...lol...lol...lol>>>> I WONDER WHAT MADE HIM KAKE SUCH A STUPID MOVE...I GUESS HE HAS NO IDEA THAT THERE ARE OVER 30 SMART PEOPLE ON THIS IHUB THAT COULD HAVE HELPED HIM IF ONLY HE HAD COME TO THIS BOARD FOR ADVISE....lol>>>>>>>>>>>>>>>>>>>
Hey lanob, just to reassure you about this company--it will not be delisted no matter how long the delay is before the financials are filed. Remember that all 5 financials will be filed at the same time and it might take more time than we are anticipating.
We just have to suffer the daily ups and downs of this stock and accept the activity as simply TRADING BY PEOPLE WHO REALLY HAVE NO IDEA WHAT THIS COMPANY IS DOING AND BY PEOPLE WHO SIMPLY WANT TO MAKE A PROFIT BY SHORTING THIS STOCK AND INSTALL FEAR ON THE EXISTING SHAREHOLDERS!!
If no financials show up by the end of March, mark your calendar by the end of April..........
One more thing, just look at today's trading which right now has reached 234,000 shares as the PPS has gone down. DO NOT BE FOOLED--IF YOU CANNOT FIGURE OUT WHY THIS ACTIVITY IS TAKING PLACE, JUST WAIT UNTIL TOMORROW AND CHECK THE NUMBER OF SHARES THAT WERE SOLD SHORT TODAY, THAT WILL TELL YOU THAT THE SELLERS DID NOT SELL SHARES THAT THEY OWNED BUT SHARES THAT THEY BORROWED!!!
Hey novice, no matter what the outsiders are trying to do to manipulate the PPS of this stock we on this board know that they cannot fool us into believing that a dip in price is due to a real event...we know that we have at least 30 shareholders on this board who are long and are still accumulating shares knowing that this company is in good hands and that the financials are being audited by a reputable accounting firm.
I have to tell you one more thing that people fail to analyze properly when they discuss successful companies. Today I was mentioning Buffett and Berkshire success story. However, even though Berkshire is a giant in assets, and a giant in price per share, IT IS NOT SUCH A GIANT IN PROVIDING THE RETURN ON INVESTMENT THAT PENNY STOCK SHAREHOLDERS LIKE US ARE LOOKING FOR. Berkshire has doubled in PPS from 3 years ago, but those shareholders who are buying shares of First China now can achieve the same percentage success in a few months from now when the stock goes up to at least 20 cents!!!
We cannot look at Buffett success over 40 years and compare it as being supernatural because we must now discuss the present and realize that a giant company stock always reaches a point when the jumps in PPS become moderate. Of course, we now have Google that has passed the one thousand dollar mark, but how far will it go if it decides to keep the price per share at that scary level? It has to come up with the old gimmick of splitting the stock into shares that trade at lower prices so that new investors do not get scared in looking at big numbers like $1200 per share...LOL>>>>>>
One final thing--I want to congratulate anyone who is presently buying shares of First China at this price because even though there is no present news available, there is still the conviction in their mind that this company is presently in the financial hands of a reputable auditing firm that will soon complete its job and file the financials that will provide every shareholders with the good feeling that the future will be better that the past!!
They always show Warren Buffett smiling...as he increases the value of his investments and as he announces more purchases and take overs!!! I guess that having a geico/gikko and a talking pig on your side can be quite profitable. I guess there is no need to find a spokesperson to advertise that he also owns a large railroad company and other money making outfits that make up some of the investments held by Berkshire...
Now let's see what Wang has under his roof...oh yes, that company in Anhui province will probably be under his grasp as soon as he gets the funding needed to expand...and I am sure he has his eyes set on a new fleet of vans to cover the entire city of Kunming...and has plans for setting up additional warehouses in different location so that deliveries can take place quickly...I am sure that soon he would want to buy out some small competitor and continue expanding the business by eliminating the competition step by step!!!
Now, just tell me who in his right mind would want to sell 500 shares of this stock for .063 cents on a day like this just because the market feels that Putin's action in Crimea could mean the end of the world........Oh, I did not even mention what took place in Kunming yesterday--I guess there are crazy people everywhere and if they can't find guns they will resort to knives and swords...of all places Kunming was selected for this criminal act--that I do not understand and I only hope that fear does not cause panic and confusion in the minds of the local residents!
I am sure that Bernstein has met Wang already and most likely he has discussed every single issue under the sun with Wang in Chinese--yes in Chinese because I must assume that for him to supervise such a large staff and to have made so many trips to China he must be fluent in the language!
As I have stated earlier, I believe that in addition to the auditing process Wang has discussed at length with Bernstein his need to obtain additional capital to move this comp[any forward. I am confident that once the first hurdle of releasing all the financials has been overcome, then specific actions will be taken to obtain the needed financing.
BERNSTEIN WILL NOT LET THIS COMPANY FALL INTO A SLUMP AND ITS STOCK FALL BELOW THE PRESENT LEVEL BECAUSE HE PERSONALLY WANTS TO SHOW THAT HIS DECISION TO PROVIDE SERVICES TO FIRST CHINA WAS BASED ON SOUND REASONING THAT THIS WILL BE A SUCCESS STORY! No one in Bernstein's position wants to lose face when confronted with the filing of the SEC financials! This is a company that had over 65 million dollars in sales in 2012 and Bernstein knows that the shareholders and future investors will be looking at the filings, along with the other 4 filings for 2013 and will be judging the quality of work that is being presented.
I am sure that Bernstein will also be influential in helping Wang providing a proper discussion of the company's prospects for the future and even give a hint that this company has now resolved all previous filing issues that have caused it to incur UNNECESSARY expenses for previous re-filings which have resulted in damaging the PPS of its stock during the past 2 years.
I PERSONALLY EXPECT THIS STOCK TO JUMP UP TO AT LEAST 40 CENTS BY THE TIME THE FINANCIALS ARE FILED WITH THE SEC...MARK MY WORDS
Oh, one more thing, all those people who have shorted this stock during the past few weeks will be running in panic when the right moment comes and during one particular day the stock will probably double and the price will jump to 20-25 cents and these guys will have to cover their losses in a hurry...LOL>>>>>>
If compensation for confiscated land is ever made, the money received by the company will go directly into the pockets of management to pay themselves first for the salary that the company owes them. Also, repayment of defaulted debt will be made because some of the debt is payable to entities that are connected with the company itself--that means that money is distributed internally first. Unless some miraculous event takes place the damage caused by the confiscation of the land has ruined this company completely!!Everyone is a loser......
Hey nathanial, it is a great disgrace that due to the heartless behavior of the government in the area where this company was operating they have destroyed a company that was producing a product that was good for the people. I guess like those other crooked political people and their connections in the Beijing area they would rather have the population killed or get sick by polluted air rather then reduce emissions of deadly byproducts!!
The reason for posting now is really to let you know that I have sent an email to a contact that I have who is well versed in Chinese language and Chinese business and I have asked him to help provide some update on this company by surfing the Chinese Internet to see if any public information ha been published about this company in the local area news media where this company is located. I am hoping that he might discover even a small clue that tells us if the Heilongjang province government has already confiscated the land that belonged to this company and if any compensation would be given!
I believe that the company might still be holding some land that produces soybeans but whatever is produced is so minimal that it is just enough to pay workers and keep expenses paid, or worse that the owners have shut down all operations. THIS IS ONE MORE CRIMINAL ACT COMMITTED BY A LOCAL GOVERNMENT WHO HAS FAILED TO CARE FOR PEOPLE.
DO NOT DESPAIR IF SOMEONE POSTS A MESSAGE THAT IS ONLY 2-3 LINES...READ CAREFULLY THE MESSAGES OF THOSE WHO ARE IN THE KNOW AND ARE WILLING TO TAKE THE TIME TO PROVIDE DETAILED INFORMATION...IS THAT ME?...
Yes, one of my previous messages stated that right now Marcum is working on 5 reports (2012 10K, 2013 1Q, 2Q, 3Q and 10K)...they are not going to release anything until all the work is finished!! And if someone was very attentive, he would have noticed that another report will also be filed!
Yes, for all you know, by the time the reports are filed the company might have to relocate one more time-- the government is pouring billions into the city to upgrade Kunming; the buildings all around FCPG have been torn down to make way for subway construction and a revitalization of the area; maybe this is a blessing in disguise...for those who subscribe to Google REAL TIME view from the sky maybe you can take a look on your own and see how the area looks from up there. Kunming is a city of over 6 million people and this company with proper guidance will be a success story!!!
As far as those short sellers are concerned (today 10,000 shares traded short)they are going nowhere and eventually they will pay the price that all gluttons pay--stomach pains.
Hey pack, life is but a moment in time...
That First China video came at a particular moment in time...everything that you see in that video does not exist anymore in the same way as presented...company has relocated, old building has been demolished, probably even the plaza and that water fountain is gone, probably the telephone operators have been provided with new uniforms that are more flamboyant, Ms. Gong is two years older, the computer terminals might have been upgraded, and many other changes......oh one more thing, I am sure that Marcum has provided the company with new accounting software that automatically translates each transaction into two separate accounting ledgers (one to be used for filing in China and the other for filing with the SEC in the USA). It is my opinion that soon, as each quarter ends the financial information to be filed will be ready in less than one month and this company will file its 10Qs as fast an any big corporation in the US does...ON TIME!!!I BELIEVE THAT THE DATA WILL BE IMMEDIETLY TRANSMITTED TO THE MARCUM DATABASE AT THE END OF EACH MONTH SO THAT WANG WILL BE ABLE TO USE ANY INTERIM STATEMENT FOR BUSINESS PURPOSE EITHER IN CHINA OR IN THE US ON A MONTHLY BASIS IF NECESSARY!!!
All these shorters will get the surprise of their lives very soon when they have to scramble to cover their positions--all I can say to them is to keep shorting this stock as naked as you can so that we on this board can have the last laugh!!!!
This it the original that was posted on youtube on February 12, 2012...WHAT DREAMS MAY COME...(how many of you have ever watched the movie "What dreams may come"???).
Another great day for the short sellers...they sold 70,000 shares out of the 120,000 traded today...KEEP UP THE GOOD WORK GUYS, YOUR BIG DAY OF RECKONING WILL COME SOON...lol<<<<<<<<<<
I BELIEVE THAT BY NOW WE HAVE AT LEAST 15 SHAREHOLDERS HOLDING 1 MILLION SHARES EACH...PLUS ANOTHER 17 MILLION shares IN THE HANDS OF INSIDERS, AND THAT MAKES OVER 32 MILLION SHARES THAT ARE BEING HELD BY SMART PEOPLE WHO KNOW THE TRUE VALUE OF THIS COMPANY...yes, keep selling short you guys and soon you will be running for cover...LOL>>>>>>>>>>>>>>>>>>>>>
http://otcshortreport.com/index.php?index=fcpg&action=view#.UwfSS0Ao6M-
Hey Red, I forgot to mention how wonderful it is that probably the buyers of all these shares traded on a daily basis are members of this Ihub who are long and are accumulating so that when this stock moves up they will enjoy the profits!!!!! I am sure most of the posters are trying their best to get to the one million shares before it's too late.
Red, everything you say can be used against you, etc ( the Miranda rule). Therefore, don't give ammunition to others to help them convict you...LOL
The company website is the last thing that Wang wants to think about right now...he has more crucial activities to address while the Marcum people are working on the financials. I am sure he is strategizing different approaches that will be needed when the financials are filed and the action that he will take to approach the right people to get needed funding. All this will require proper preparation and discussions with his directors and other internal and external advisors.
Everything that takes place from now until the financials are released is strictly speculation and simply perception in the mind of the beholder...each one of us sees things to come in different ways.
Remember what I said about those people who are shorting this stock--they know nothing about this company because if they did they would buy LONG AND HOLD UNTIL THE FINANCIALS ARE RELEASED.
By the way Red, when Wang held that special meeting with fruits on the table, I believe there was a special meaning for the bananas to be placed that way--I leave it up to you and others to figure out what meaning they were supposed to convey--you can enlarge the frame to get a better view if you want!!!
Well oltimer, maybe the shorter who was willing to put his money on the front line hoping to make a profit if this stock goes down must have read my postings here and was debating if he should still have continued to sell shares that he had to borrow...LOL>>>>>>>>>>>>>>>>>>>> actually, if he sold the stock to you for 8 cents he is already in the red because the stock is now quoted at .089!!!! TAKE A LOOK BELOW AND YOU WILL SEE THAT OVER 50 THOUSAND SHARES WERE SOLD SHORT....I BET WHO SOLD YOU SHARES REGRETS HAVING BEEN SO DUM!!!
http://otcshortreport.com/index.php?index=fcpg&action=view#.UwaPkEAo6M-
Yes, one more thing...just ask one of the shorters if they know who this constantly mentioned "Marcum" is and what is that this Marcum is going to do to destroy all the plans that the shorters have created in trying to outsmart the real shareholders of this company...we will soon see who will have the last laugh......we will soon see who the losers will be...LOL right now, ahead of time...yo, yo ,yo here I go!!!!!!!!
One more thing, if you are in doubt as to who the sellers are, please look at the short-sellers number of shares for the past two day and you will know that none of the present shareholders is selling one single share--the shares are being sold by robots or other non-entities who know nothing about this company except that they hope that soon they will make a big profit if this stock falls--WE WILL HAVE THE LAST LAUGH VERY SOON, and I know that red, dmg, novice, pack, oltimer, and others are ready to finally the final laugh when these shorters have to cover their short sales...LOL ahead of time!!!!!!
http://otcshortreport.com/index.php?index=fcpg&action=view#.UwZgi0Ao6M-
THIS POST IS DIRECTED TO IHUBBERS WHO WONDER INTO THIS BOARD FOR THE FIST TIME, and for non-believers.
Today I want to apply some logical thinking to provide my view that this stock is guaranteed to move up no matter what happens in the short run!
Every day that goes by results in non-informed shareholders selling their shares in the 7-9 cents range just to get out of this stock and pursue other investments--there is nothing at all wrong with that. These people take their losses and move on. However, what is not well understood is the fact that the majority of BUYERS of this stock are present shareholders who are accumulating shares because they are confident that this company will soon provide financials that will reassure everyone that the company is still in business and that it is working hard to expand its business.
If the trend continues along the present line, very soon all the scared sellers will start disappearing and the only shares that can be sold will be NON-EXISTENT shares that are created by short-sellers. The short sellers are losers because they know nothing about this company and they cannot intimidate the present long shareholders who are still accumulating shares! We have on this board more that 25 shareholders who have accumulated enough shares by using intelligent reasoning to determine tat this stock is so undervalued that it can double and remain at that level the moment some simple basic news is released. TRY TO MAKE Apple, Twitter, Facebook, Google and other do that at the price that THEY ARE SELLING RIGHT NOW--why buy any of those stocks so that you can make a 20% profit if they spike up.
Having made my presentation I now leave it up to the new comers to determine if they want to make a 100%, 200% profit or more, or if they want to join the Apple gathering crowd!!!!
So oltimer, it looks like you by now have reached the million shares mark!!!I estimate that by now there must be about 5 regular posters who have reached that number along with another poster who has abandoned us because he knew too much!!
In a few weeks or months from now we will know for sure which way this stock will go, and at the same time we will be at least 2 years older then we were when we bought this stock for the first time. A lot of time wasted.....................
One more thing--someone did not pay attention to the fact that I mentioned earlier where I stated that 5 documents have to be filed--yes don't forget that 8K...LOL>>>>>>
Everyone seems to be in a good mood today! Keep up the good work and remember what I said about the Marcum connection--I am sure Wang has no choice but to turn to them for other issues that are important to the expansion of this company. I certainly hope the Marcum has some important connections to people who are willing to help Wang expand the business!!!
Kunming is undergoing a tremendous rebuilding and expansion process and Wang has to get the right people to help him on his move to the next location were the company can grow at a fast pace. I hope Wang has built enough high level political contacts to help him make the next move. Fortunately for this type of company, like First China, it should not be too difficult to relocate because their business can be divided into two different floors--one area for processing orders handled by computer terminals and operators, and the second area to store all the medical supplies which are ready for distribution as the orders are received. THE LOGISTICS OF THIS COMPANY LOCATION, DISTRIBUTION ACCESS AND FINANCING ACCESS WILL DETERMINE ITS FUTURE.
Well dmg, we really have nothing to worry about concerning this company--it will either present a forward looking successful outlook or it will tell us that things look bleak, that the future is uncertain and that they have no idea what will happen to them and to us. Either this stock will go up or it will go drastically down! If there is someone on this board that can read into the future in a PSYCHIC WAY please come forward and tell us what is going to happen to this company.
I have already placed my psychic crystal ball close to my desk at home and I expect at any moment to get some visual effects that will point out to the direction where this stock is going...
Red, I promise that after tis Winter I will not say one bad word about Summer when it arrives. And I certainly hope that by June 21 we will have seen all the financials for this company along with good news for a bright future, and most important the price of this stock moving up once again! Without the PPS being up everything else about this company will be meaningless...
5 items have to be filed:
10K for 2012
10Qs for first, second and third quarter 2013
10K for 2013
and one more item...8K.
The only reason why I am confident about this company right now is simply because the Marcum people have no choice but to do the job right and their reputation is at stake--they cannot screw up on any of the filings which must be acceptable to the SEC the first time that they are filed!!!
As I have stated earlier, once the filings have taken place then Tse or someone else can approach banks or private lenders and try to get needed funding to expand the business. My belief is that since Wang has no choice he will have to take whatever steps are needed to get new funding--if he cannot get the funding in China directly, he has to depend on people in the US who have helped him before and try to get a deal here. Again, I will say that the good reputation of Marcum will be the leading factor that will determine how lenders will view this company--I believe that the Marcum people might also be involved in bringing prospective lenders into the fold since they will also benefit the most if this company expands and utilizes their services contributing to accounting fees that will increase as First China expands. WITH 4 OFFICES IN CHINA I SEE NO REASON WHY WANG WOULD NOT TURN TO MARCUM AND ASK THEM TO BE THE MIDDLEMAN IN HELPING OBTAIN FUNDING RIGHT THERE WITH ORGANIZATIONS THAT MARCUM DEALS WITH!!!!!!!
I believe Wang is a survivor and he will not allow all his work in building up this company to bring him down again to square one...I hope that shareholders who have funds to spare understand the logic of all this and realize that maybe at the present price this stock is one of the best bargains compared to other stocks that have already reached their limit.
OK, I shoveled some snow yesterday, and placed two garbage cans for pick up outside my house yesterday, but because new snow piled up the full garbage cans are still there while sanitation trucks with big plows pile more snow on the curb of my sidewalk. You all know what this means--no pickup was made on Monday, no pick up on Thursday, and if nothing gets picked up late tonight then the next pick up is scheduled for Monday--but, but because Monday is a holiday there is no trash pick up AND THEREFORE THE PICK UP CANNOT TAKE PLACE UNTIL NEXT THURSDAY!! No, I have not finished yet--more remains to this story...if there is no pick up tonight I will have no choice but to bring back into my front of the house next to the driveway those full garbage cans that have already made this trip once before. And, as mentioned, since Monday is a holiday I will have to wait until next week on Wednesday night to place those same full and fuller cans for pick up on Thursday morning.
Now, since I have not checked if any new snow is scheduled to fall next week I will try to relax and think positive hoping that maybe by chance one of my Megaball or Powerball tickets that I have bought has the right winning numbers and I will win those millions that can change my financial status and make me forget about the trash cans and other irrelevant issues that bother people like me.....did I forget something else to bring to your attention!!!
I just want to mention that we experience our life according to the way we were programmed when we came on this earth.
Some events in our life take place in accordance to previous planning, other events happen because of being in the wrong place at the wrong time, or at the right place at the right time.
Now the question to ask for all of us on this board is whether the actions taken in buying this stock in December 2010, or any time in 2011 was pre-determined or was it just pure chance!! Were we supposed to suffer on purpose or was it just a fluke event!
There is even the possibility that if this stock had not plunged downward many of us would have remained here only for a short time and simply never experienced the feeling and experience of sharing ideas and thoughts beyond the normal.
Having said all that I can only predict that it will take patience and additional waiting time before we are able to see numbers for all those 10ks and 10qs that have to be completed and be filed. Now, if some of you know someone who really has psychic powers to predict future events, please consult that person and give us a report of what to expect next from this company and how soon!!!!!!
You will notice that I have reset my profile image to one of the items that was on the table when Wang and his team met in 2011--at least the bananas never promised anything that did not materialize, they knew that before the day was over they were going to be eaten..............
I certainly hope that on February 19 Bernstein will mention to the Procter and Gamble people that First China is a ripe plum distributor of pharma products that could be considered for investment--yea, like providing them with 10 million dollars financing to help expand distribution, etc.........
http://www.marcumbp.com/news-2014-2-05
I don't care how powerful you are, how strong you are, how smart you are, or even how rich you are--I will say this loud and clear--you cannot change the course of what follows this miserable winter weather, yes springtime is not far behind and then I will be happy to see Summer once again and be happy that there is still hope as long as you are alive!
I know for sure that soon every single post on this board will become obsolete, every single basher will be moving to new grounds, and everyone who remains will be looking forward to the great future that this company has.
Soon all speculations about this company will become facts and decisions will be made according to each shareholder interpretation of the real future of this company. There will be some who will view what is presented in a positive way and others will decide that they don't want to wait any longer and decide to bail out! To each his own!!!!!
I think there is a rule that specifies the minimum number of shares that you want to buy or sell to show the bid PUBLICLY. Also I think that the lower he price of a stock the more shares are required for the bid to be published. I don't know if for this stock you must have a minimum order of 25,000 shares before the bid is publicly listed. Please find out!
P.S. My previous post was really addressed to someone in particular, rather than to a Market Maker! But I am glad you brought out your relevant point to indicate that you are willing to buy this stock for 9 cents and nobody wants to sell to you at that price.
Hey mm, it's time you come out of your shell!!!
It bothers me that we are being deprived of some basic information that I consider positive for the members of this board...I don't care what you believe but I see nothing wrong in showing AT LEAST those company vans on the streets of Kunming!! And, to be realistic, the vans have already been shown on the company promotion video that they still have on their Website and do not infringe with anything. In addition, I am sure you can present other positive items that are publicly available in Kunming. Look at the company video by yourself and you will know what is already known in the public domain.
Open up to the dozen plus positive members on this board and get this stock moving up right now....I am tired of waiting...DO THE RIGHT THING!
novice, before I leave the board for the morning, just open this site and you will see what is really happening right now to this stock...LOL..
https://images.search.yahoo.com/search/images;_ylt=A0LEVx3zqPNSW0kAIzFXNyoA;_ylu=X3oDMTB0ZG44cmVwBHNlYwNzYwRjb2xvA2JmMQR2dGlkA1ZJUDMwNF8x?_adv_prop=image&fr=yfp-t-901&va=yin+yang
Hey novice, one of you spent 30 dollars and got 500 shares at 5.9 cents.......Well, whoever that was set a new record low for 2014...something to brag about...maybe that is an old buy order that VeryHoly forgot to cancel...LOL>>>>>>>
Well, well, I must congratulate the individual who tried very hard to increase the value of his holdings by buying 8150 shares at10 cents...well done buddy, that's the way to go...
Too bad that a spoiler came in at 3:54 pm and was able gain some shares at 8.5 cents!! (Actually another spoiler bought 800 shares at 6.7 cents t 3:50 pm).
No matter what, you all know that the good news will come out soon and if the price holds on within the 7-9 cents range this is still a great bargain FOR THOSE WHO ARE LOADING UP RIGHT NOW. Just try to remember what I have been saying all along--the moment those 100+ pages of the 10K are issued, Tse will grab a certified copy and take off looking for lenders EVERYWHERE ..................lol<<<<<<<<<<
"What is going on here?".
I keep posting for the bashers to do their work and bring this stock down a little more so that the "Ihub gang on this board" can buy more shares, and instead someone decides to jack up the PPS before some of you have a chance to buy more shares...well that's life, just like this miserable weather in New York that gives me no chance to put that shovel away--looks like in about half hour I have to go out and clear the wet snow from the steps, sidewalk, etc with my faithful shovel...
Something else to look at while we wait...yes, Wang has two banks close-by where he can go to talk business deals once those financials are in his hands...LOL>>>>>>>and if he needs to buy an airline ticket to visit his big supplier in Anhui province, he can get a ticket in hand by just walking a few doors away, and don't forget that there are a couple of other pharma places on the southside of Renmin Road--just in case one day he wants to expand his business and start buying the whole neighborhood competition...LOL>>>>>>>>
https://maps.google.com/maps?q=684+West Renmin+road+kunming city+yunnan+650106+china&ie=UTF-8&ei=CAtFUuonteHgA7TWgbAN&ved=0CAgQ_AUoAg
Something to look at while we wait....
http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=FCPG:PKL
Sorry to disappoint both of you in your calculations, but you seem to have forgotten the commission of approx. 8-9 dollars, unless as advertised in front of my face as I type the sellers took advantage of "Etrade free for 60 days" or "TD trade free for 60 days" and just wanted to trade for the fun of it...maybe that is one way to irritate the market makers by trading 30 shares of this stock daily for the next 60 days and pay no commissions. LOL>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I forgot to mention that since you are paying no commission for 60 days, you might as well put a buy order for the same price and get the stock back and have lots of fun irritating some people...................
Hey Red, do you realize how life has changed for Wang in the past few months--he has shut off from his mind the bad experiences with the previous two auditors and he is now at peace knowing that if he needs help he can just pick up the phone and call his local Marcum accountant contact and discuss any issue that comes up...Wang is really one happy man, FINALLY.........
As I mentioned already, if you think we are anxiously waiting for the release and filing of the financials, you better believe that Wang, Gong and Tse are more anxious than we are, because they know that those audited 100+ pages can be presented to any lender and will be accepted as the real thing to determine what kind of loan or financing should be negotiated--in China, lenders know that Marcum has 4 offices in different cities and they also know that this auditing firm is beating the hell out of its competitors in China and is making a big name of itself by the way it acquires satisfied clients and good reviews for the work they do.
So, as I have said before let the weak hearted shareholders sell their shares now at rock bottom prices--yes, even 5 cents if it makes them happy--and make the buyers happy in accumulating more shares now before spring time brings out the good news about the future of this company.
For those who might not be aware that there are Chinese companies with plenty of cash (but unfortunately with plenty of shares--600 million) I just want to bring to your attention ACTS--this is my favorite company when it comes to cash cows and it is also the one that I have mentioned to Doug hoping that maybe they could get some funding from it. However, the reason I am mentioning ACTS is because being a poster on that board is a lonely undertaking, and you may realize why if you take a quick look at my last post below. Is like being "a voice in the wilderness" with no one to hear me, but also there is a sense of satisfaction by realizing that I have the "castle" all to myself that serves also as a personal diary.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96681636
2.46
We are down again to the price of last October!!!
I wonder if the people in this company really know what to do with all the cash and securities that have stashed.
Buying shares back is not the way to increase the PPS--buying another profitable company is the way to go......a company with about 60 million shares and some steady PROFITS...about buying First China Pharmaceutical Group (FCPG) at one dollar per share!!!
Hey Red, I realize that Tobin was one of those who were pushing this company with a little too much excitement, but you must remember that 3 years ago all the Chinese stocks were being pushed the same way. However, this was one company that was really increasing its business with each quarter and it would never have been dragged to this extent if the real culprits of its demise had done the job right. Actually, before I name the culprits, I must also blame the SEC for having been so picky in treating the quarterly filings in such a way that caused every 10Q to require refilling. I am sure that Parker is a responsible auditing firm in China, but for some reason they simply failed in satisfying the SEC on every single filing which had to be re-filed.
To make things worse, even the Rotenberg firm could not handle properly the company filings. We are really talking of a few hundred thousand dollars used up to pay these accountants that at the end made this company look worse than the actual facts tell us. For over one year this company has been unable to shop around properly and discuss its financial needs with reputable lending institutions of private lenders.
Therefore, let's blame the SEC to some extent, and let's blame Parker and Rotenberg to the full extent. I bet that Wang has now switched to a more cheerful demeanor since the move to Marcum and its auditors who are located right there 200 miles away and can be reached by phone to answer any inquiry that Wang might have!!
All these fact tell you, and those bashers who have no clear understanding of the history of this company, that the reason for the PPS being this low is really due to failure to understand that this company is not at fault but that the fault rests with the auditors who failed to satisfy the demands of the SEC.