Trying to find the balance between being the person my dog thinks I am and the people our parents warned us about.
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additional court info. The trial may be going on; I don't know for sure, but noticed this entry. It appears to have been pushed back a week. Anyone here an attorney to decipher this legalese or has read/understands the docket history?
Filing Date # Docket Text
09/27/2010 Minute Entry for proceedings held before Judge Kimba M. Wood:
Conference held on 9/27/2010. Attorneys Thomas Dewey, Jonathan Auerback, Jerome Marcus and Steven Tyson are present for the plaintiffs. Attorneys Brent Manning, James Ji, LeGrand Curtis, Robert O'Hare and Jacob Goldberg are present for the defendants. Court reporter Tara Jones is present. Pretrial Conference is held (see transcript).
The final pretrial conference shall be held on Monday, October 4 at 12:30 pm.
Trial is adjourned to Tuesday, October 12, 2010 at 9:30am. (mro)
case may not be going to trial. latest from docket history of case in Federal Court, Southern District of NY
10/06/2010 Minute Entry for proceedings held before Judge Kimba M. Wood: Status Conference held on 10/6/2010. Attorneys Thomas Dewey, Jonathan Auerbach, Jerome Marcus and Jacob Goldberg are present by telephone for the plaintiffs. Attorneys Brent Manning and Lee Curtis are present by telephone for the defendants. Court reporter Jerry Harrison is present. Telephone conference is held (see transcript). The parties have reached a stipulation that they will submit to the Court. (mbe) (Entered: 10/21/2010)
10/12/2010 247 TRANSCRIPT of proceedings held on October 4, 2010 before Judge Kimba M. Wood. (mro) (Entered: 10/12/2010)
today PR is good move as is the fact that these committees are comprised of the independent board members.
re: YHGG news today, the good thing is that the committees are comprised of the independent directors. Good move.
YHGG - new 8-K today. See http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55551674
new 8-K today. More improvements in corporate governance structure
Section 5 - Corporate Governance and Management
Item 8.01 Other Events
On September 24, 2010, the Board adopted a charter for the governance of the Audit Committee of the Board, effective October 1, 2010. The Committee is composed of directors from the Board who are “independent” of management of the Company as provided by applicable law and regulations. Messrs. Zhang Xinmin, Wei Tingwu, and WangAnxue will serve as members of the Audit Committee. Mr. Zhang Xinmin has been appointed as the Chairman of the Audit Committee.
On September 24, 2010, the Board adopted a charter for the creation and governance of the Compensation Committee of the Board. The Committee is composed of directors from the Board who are “independent” of management of the Company as provided by applicable law and regulations. Messrs. Yang Baoquan, Liu Darong and WangAnxue will serve as members of the Compensation Committee. Mr. Yang Baoquan, will serve as the Chairman of Compensation.
On September 24, 2010, the Board adopted a charter for the governance of the Corporate Governance and Nominating Committee of the Board, effective October 1, 2010. Messrs. Liu Darong, Yang Baoquan and Zhang Xinmin will serve as members of the Nominating and Corporate Governance Committee. Mr.Liu Darong will serve as the Chairman of the Corporate Governance and Nominating Committee
Thanks fernando-
You wrote: CFO's don't like to do the work themselves it seems, they have others do it and verify". NOW, I understand our own division's CFO ... LOL
ENHD - Obi Trend, from what I could surmise, there has been a lot of selling recently since apparently about 6.197 million of the o/s was released to be sold according to a prospectus (423b3 filing) with the SEC on June 30. That changed some of the dynamics of trading obviously with the free float going from 4.4 million to about 10.6 million. However, the fundamentals have not changed.
Yes, I figure this to be another one with potential to uplist. Cheap at this PE
with lack of news, anyone's guess. eom
Looks like someone is buying now. Price on upswing.
Pork prices also up in China and peak pork consumption season is near. http://www.pigprogress.net/news/china%E2%80%99s-pork-prices-increasing-id4595.html
ENHD one of few companies that can sell to the China Pork Reserve
Nice work on the index. Was doing some background reading and stumbled across it. What are your thoughts on why these Chinese companies can't seem to manage a PE much higher than 4? TIA
YHGG files 8-K announcing 5 new independent directors
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 24, 2010, our Board of Directors elected five new independent directors effective October 1, 2010. These directors join the Company's Board in addition to the currently sitting members. The new Directors are:
1) Mr. Wei Tingwu, born in 1966. Since March 2009 Mr. Wei has served as General Manager and Engineering Technical Director for Lanzhou Jiaoda Engineering Consulting Co., Ltd., where he has overseen the development and construction of many large projects throughout China. Previously, from 1997 to 2009, Mr. Wei was Technical Director with Jiuquan City Project Construction Inspection Center. He is a Senior Engineer. Mr. Wei has over 20-year experience in engineering supervision and administrative management;
2) Mr. Yang Baoquan, born in 1966. From 2001 to 2010, Mr. Yang was the Chief Technology Officer for the Jiuquan Botanical Garden. From 1987 to 1999, Mr. Yang served as an engineer and subsequently Technical Director for the Jiuquan City Forestry Bureau. Mr. Yang received a Bachelor’s Degree from Gansu Agriculture University, majoring in Forestry and Ecological Protection. Mr. Yang is a Senior Engineer. He has over 20-years experience in the fields of ecological protection and administrative management;
3) Mr. Zhang Xinmin, born in 1969. Mr. Zhang is a licensed attorney and certified public accountant in China. For the past five years Mr. Zhang has worked at the Jiuquan Yangguan Law Firm as a senior attorney and simultaneously with the Jiuquan Hongzheng Accounting Firm as a certified public accountant. Mr. Zhang has acted as counsel on numerous substantial corporate transactions and is expert in the area of internal control and financial audit. Mr. Zhang has been practicing law for over 12 years and holds a L.L.B degree;
4) Mr. Liu Darong, born in 1966. From 1995 to 2010, Mr. Liu has served as Chairman and legal representative with Akesai County Granite Stone Material Factory in China. During this period, Mr. Liu took a leading role in stone material program with many large projects, including Mo Gao Grotto at Dunhuang. From 1988 to 1994, Mr. Liu was Vice Major with Gansu Qingshui County. Mr. Liu has over twenty-year experience in project and administrative management;
5) Mr. Wang Anxue, born in 1954. From 2000 to 2010, Mr. Wang has served as a Senior Engineer with the Suzhou Municipal Water Affairs Bureau in China, in charge of water resources engineering survey and design. During the period, he won a Second Prize in Science and Technology Progress at Gansu Province level. Previously, from 1986 to 2000, Mr. Wang served as the Corp Secretary for Jiuquan Dayu Co., Ltd., a listed company in China. Mr. Wang is a Senior Engineer. He holds a Bachelor’s Degree in Engineering. Mr. Wang has over 25 years experience in survey and administrative management.
saw the 8-K definite progress! eom
Form 8-K filed - 5 new independent directors
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 24, 2010, our Board of Directors elected five new independent directors effective October 1, 2010. These directors join the Company's Board in addition to the currently sitting members. The new Directors are:
1) Mr. Wei Tingwu, born in 1966. Since March 2009 Mr. Wei has served as General Manager and Engineering Technical Director for Lanzhou Jiaoda Engineering Consulting Co., Ltd., where he has overseen the development and construction of many large projects throughout China. Previously, from 1997 to 2009, Mr. Wei was Technical Director with Jiuquan City Project Construction Inspection Center. He is a Senior Engineer. Mr. Wei has over 20-year experience in engineering supervision and administrative management;
2) Mr. Yang Baoquan, born in 1966. From 2001 to 2010, Mr. Yang was the Chief Technology Officer for the Jiuquan Botanical Garden. From 1987 to 1999, Mr. Yang served as an engineer and subsequently Technical Director for the Jiuquan City Forestry Bureau. Mr. Yang received a Bachelor’s Degree from Gansu Agriculture University, majoring in Forestry and Ecological Protection. Mr. Yang is a Senior Engineer. He has over 20-years experience in the fields of ecological protection and administrative management;
3) Mr. Zhang Xinmin, born in 1969. Mr. Zhang is a licensed attorney and certified public accountant in China. For the past five years Mr. Zhang has worked at the Jiuquan Yangguan Law Firm as a senior attorney and simultaneously with the Jiuquan Hongzheng Accounting Firm as a certified public accountant. Mr. Zhang has acted as counsel on numerous substantial corporate transactions and is expert in the area of internal control and financial audit. Mr. Zhang has been practicing law for over 12 years and holds a L.L.B degree;
4) Mr. Liu Darong, born in 1966. From 1995 to 2010, Mr. Liu has served as Chairman and legal representative with Akesai County Granite Stone Material Factory in China. During this period, Mr. Liu took a leading role in stone material program with many large projects, including Mo Gao Grotto at Dunhuang. From 1988 to 1994, Mr. Liu was Vice Major with Gansu Qingshui County. Mr. Liu has over twenty-year experience in project and administrative management;
5) Mr. Wang Anxue, born in 1954. From 2000 to 2010, Mr. Wang has served as a Senior Engineer with the Suzhou Municipal Water Affairs Bureau in China, in charge of water resources engineering survey and design. During the period, he won a Second Prize in Science and Technology Progress at Gansu Province level. Previously, from 1986 to 2000, Mr. Wang served as the Corp Secretary for Jiuquan Dayu Co., Ltd., a listed company in China. Mr. Wang is a Senior Engineer. He holds a Bachelor’s Degree in Engineering. Mr. Wang has over 25 years experience in survey and administrative management.
the same can be said for hookers. LOL.
“When a man with money meets a woman with experience, the woman with the experience ends up with the money, and the man with the money ends up with the experience.”
GLTA
doesn't take much to move this one. Any new news or discoveries as to what is (or may be) up with NDVR in the future? TIA
Gotta luv this board! Farsis, you are right, but it makes you wonder is it really true that years of smoking dope makes one paranoid? Half this board are conspiracy theorists seeing conspiracies where there are none - MM manipulation, ANDR management manipulations, etc. Heck, might as well blame the usual suspects, too - Masons, Mater Dei, Elders of Zion, space aliens, U.N., Obama, right-wing conspiracy ... did I forget anyone?
Truth is that ANDR management is inept. These guys could not organize a two-car funeral, let alone manipulate the stock. I will give them credit, though, for manipulating pay raises in an economy where most people are getting none and just happy to have a job.
As I have said before, this stock generaly trades in a range from .04 - .12 and is worth buying when the ask gets below .07. This is not a home-run stock, but a base hit. Buy it below .07 and sit on it for 6-12 months and sell when it heads north of .12. Also, as I've said before, this stock will pop when least expected, just like a recurrance of malaria or herpes, so set your GTC orders. Sometimes ADR has a good quarter in spite of management. Getting a 50% - 100% return on money just sitting around sure beats CDs where the annual average 5-year rate is below 5%.
Get real, kids. Save your Christmas and Hanukkah money this holiday season as the buying opps start after the New Year.
Florinda- to answer your questions about MMs. Check the YHGG quotes at http://www.otcmarkets.com/stock/yhgg/quote. This morning, pre-market, only 3 MMs are showing. Check again afte the market opens to see if there are more. NITE was an aditional one listed yesterday. As far as I know, no one has filed a Form 211 yet, so laluna is correct on that point.
As for "annual report as if it had been done in "Accordance with the standards of the Public Company Accounting Oversight Board" when in fact the accounting firm they used was not registered as such?" it was for their 2008 report and "published" on their website. Looked a lot like the recent SIAF "report" as I recall. It has since been replaced with the SEC filings.
People need to remember that the OTCBQ is not the OTCBB. To get there, YHGG will need a minimum of 2-3 MMs filing a Form 211 and (i'm hazy on recalling this next requirement) providing quotations for 30 days before they can move to the OTCBB or a listed exchange.
My guess, and purely speculation on my part, is that may be in progress as reflected by the MMs shown at www.otcmarkets.com website. When that happens, the MMs should show up under the LII/Depth section of their quotes at http://www.otcbb.com/asp/Info_Center.asp.
Good luck
Yo, Jo - I would tend to agree. The move from the $0.60s to $2.00 was the first wave. The tsunami will follow.
Florinda, thanks for the note. Please share anything you find. Based on the recent performance of YHGG, I think there is a very good opportunity here. I was in Puda Coal over a year ago, just before their climb. I got out at 3X my money, but had I stayed it would have been closer to 10X.
It reminds me of Master Po's admonishment to Caine (David Carradine) in the '70s TV series "Kung Fu" - "Patience, Grasshopper."
Florinda, look at laluna's orignal post on the Y a h o o YHGG board. She inadvertantly admits that her research is dated.
My reply to her from that board, which I believ has more balance:
As you stated,you "looked at this Company over a year ago"
Things have changed.
As of March 30, 2010, Gansu Hongxin Accts were registered with the PCOAB. Please look at the PCAOB website and specifically page 23 of the following posted pdf at http://pcaobus.org/Registration/Firms/Do...
While not a move to a major exchange, by moving to the OTCQB they are off the Pinks. Learn more about the OTCBQ: http://www.otcmarkets.com/content/doc/ps...
Quotes are still unsolicited, but as of this past Monday, YHGG went from 2 to 5 MMs offering such quotes.
I would say this is significant progress.
vota again tomorrow. you can vote each day. Thanks
Honoring our troops - votes still needed
A colleague of mine who now lives in Florida is engaged in creating a sculpture to honor our troops in the various branches of service. Please read his story and endorse his project with your vote at http://www.daveramsey.com/entreleadership/contest-entry/entry/37/
If you are or ever were in uniform, the child of a vet (like me), or have friends or other family in the Armed Forces, please help him in honoring our brave men and women in uniform. And, forward this to your friends and colleagues for their support.
he needs about 450 votes to make it into the top 4 by noon tomorrow.
Thank you all.
Honoring our troops - votes still needed
A colleague of mine who now lives in Florida is engaged in creating a sculpture to honor our troops in the various branches of service. Please read his story and endorse his project with your vote at http://www.daveramsey.com/entreleadership/contest-entry/entry/37/
If you are or ever were in uniform, the child of a vet (like me), or have friends or other family in the Armed Forces, please help him in honoring our brave men and women in uniform. And, forward this to your friends and colleagues for their support.
he needs about 450 votes to make it into the top 4 by noon tomorrow.
Thank you all.
P.S. You can vote for the troops project each day.
P.S. You can vote for the troops project each day.
Honoring our troops
A colleague of mine who now lives in Florida is engaged in creating a sculpture to honor our troops in the various branches of service. Please read his story and endorse his project with your vote at http://www.daveramsey.com/entreleadership/contest-entry/entry/37/
If you are or ever were in uniform, the child of a vet (like me), or have friends or other family in the Armed Forces, please help him in honoring our brave men and women in uniform. And, forward this to your friends and colleagues for their support.
Thank you all.
Honoring our troops
A colleague of mine who now lives in Florida is engaged in creating a sculpture to honor our troops in the various branches of service. Please read his story and endorse his project with your vote at http://www.daveramsey.com/entreleadership/contest-entry/entry/37/ Regardless of what you think of our present political leadership, please help him in honoring our brave men and women in uniform. And, forward this to your friends and colleagues for their support.
Thank you all.
YHGG update updated - yhgg filed final 10Q after the bell yesterday.
Latest update - yhgg filed final 10Q after the bell yesterday. They are now caught up and should be looking to uplist.
yhgg filed final 10Q after the bell yesterday. They are now caught up and should be looking to uplist next
yhgg filed final 10Q fater bell yesterday. They are now caught up and should be looking to uplist next
YHGG 1st qtr 2010 10K filed this morning
YHGG 1st qtr 2010 10K filed today. eom
Update on YHGG - YHGG has finally posted its 2009 10K showing EPS of .51 and book value over $10. Next, all are needed are the first and second qtr 10Qs and they will be caught up after 5 years of non-reporting. At that point they will be ready to uplist. Stock closed at $2. Industry multiple for ag stocks is 16, so look for $8+ IMO once filings are done.
Not a day trade, but a swing trade. Possible 5-bagger w/in next couple of months.
YHGG has finally posted its 2009 10K showing EPS of .51 and book value over $10. Next, all are needed are the first and second qtr 10Qs and they will be caught up after 5 years of non-reporting. At that point they will be ready to uplist. Stock closed at $2. Industry multiple for ag stocks is 16, so look for $8+ IMO once filings are done and after applying for either OTCBB or AMEX. I expect to see this one minimally at $3-4 once 10Qs are complete. GLTA
should not take long to do the 1st & 2nd qtr 10Q since those are unaudited reports, if they are on top of things
Fi - done. 2009 10K just filed. Hopefully 2010 10Qs not far behind
2009 10K just filed. Hopefully 2010 10Qs not far behind