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Spider - sad what happened here. However, I decided I should buy in after reading Chinese internet postings and looking at the totality of records. Specifically, I read two published recap of interviews in which employees stated that business was continuin despite the delisting, that the company was making good money, and that, although it may be possible to have inflated profits, the numbers they were seeing clearly depicted a profitable enterprise. On the familiar front, I noted that as at June 30, the company had MMBP as its independent auditor...and that nothing has been filed anywhere by either MBP or the company stating that that relationship has ended. One of the jobs the IA does is to verify the reported financial figures. In April, the previous auditor certified that it did not disagree with JGBO on any reported numbers. MBP has not done anything to detract from the correctness of the numbers. And even if the company is a hard-nosed liar, it would not be hardended enough to report the unaudited numbers it reported by the end of May...at a time when it was already embrioled in the SEC debachle. So, that leaves one thing wrond here: The SEC Investigation. My mind tells me that once the air clears on that front - as it must - the picture would be clearer. Because, only those that jumped in to take and hold the risk benefits the most, taking the risk is attractive to me at this point. Moreover, at $2m market cap, I would be out losing at this price only if the company is a complete fraud - which you and I know it is not. Long one, but I like it. Maybe I can also give some tip: Try and get some MF to make some quick $$$. I got some today at $1.15. It's heading to $2 now.
Looking at $1.75 close or better. Open above $2 on Thursday
Dick Bove says GS may buy MF. I believe GS is the big money scooping all these foolishly-sold shares
Smart money shorted early and covered today. They went long. Dumbs that shorted today after 10.00 am et are the ones caught in the trap. They will pay they price here!
Taking a breather for those that got lower to sell. This is a straight shoot from here - all the exchanges confirmed MF's good standing. LOAD UP
yup...$1.31 now. It's going past $2 for mee
Buying MF as if life depends on it...bought 29000 all my available cash in now
OKAY: I'm selling PNSN and buying MF. How about that? Maybe this will go up, but grab some MF under $1.30. It is a bargain. I wih I could find money elsewhere
Got 6000 at $1.16...markets always OVERRACTTTTTT. Wish I could free up more cash to grrrrrrraaabbbb more
After a while...
After a while you seat back and drink
And drawl and puff smoke off darkened lungs
And brag and brat and think all day long.
After a while you see and read the wires
And the news and the stuff pouring from the markets
And you think and think and think and ask yourself
All the questions you never asked
About your long position in YRCW....
As all the bigwigs and Mr Tooknows unload
All their stocks and holdings and all
As you buy.
And you ask...
When the real buyers are selling...
Who would buy my shares?
After a while, you come to your senses
After a wile!
Longtop looking to fill up to 147 IT and Tecnical jobs - link -
http://open.baidu.com/zhaopin/s?tn=baiduzhaopin&rn=20&wd=%B6%AB%C4%CF%C8%DA%CD%A8
Following the textbook of smarttrend: Interesting how shorts and manipulators here are following Smarttrend. On Monday, Smarttrend publishes that stock would rebound to the $1.29 level because it's been pressed so hard. IT managed to scale to $1.35. The smae note states that it would quickly head backwards following the broader market. The reeanct that today. I probably own more of this than some associates of Phil. That guy stated that a substantial part of his networth is tied to this stock. I just wander why he let the stock be a playing field as the over 5 million shorts try to cover by pressing and pressing. The company is yet to announce ER date and there's no news regarding Australia. Although, I keep adding at every opportunity and will make my day here shortly.
If you love LGFTY, you may love JGBO. I am playing both, although I started buying LGFTY too early. Don't think I could recover fully here, but very confident about JGBO unless it turns out to be a complete fraud. Which is unlikely considering that the business traces back over 10 years, It still has an Independent Auditor that has not quit yet (at least nothing has been filed to that effect) and the prior auditor certified that it did not disagree with the company on any financial matter reported to the SEC. Meanwhile, I was the last buyer of LGFTY on Monday - a little over 3000 at $0.19. Still holding several thousnads of these two. There is a residual value even with all negativities being material.
Withdrew my bid and got more LGFTY at $0.19. MMs found a way to bypass my bid. When it was sitting at $0.15, they were bypassing it and selling at $0.13. Today when they sold at $0.11, I lowered to that price, but got nothing. Decided to load up more on Longtop. I guess all on this Board are gone now. I will be back whenever there's movement on the stock - newswise.
Last laugh. I doubled from 19k to 41k. Yes, 41784 shares of PNSN (I love that ticker...I was a PNSN during my Navy Days...on the good and trusty frigate USS-HAWES FFG53. I got 9000 thia AM alone. God willing, I will make it a nice round number at a lower price. ALUTA CONTINUA against the racketeers!
My bid has been sitting at $0.15 since two days, yet this fool is able to bypass it and drop 229 shares at a lower bid. I have just lowered to $0.135 to make it low enough for this painter
This racketeer (RICO) stock still waiting for me to sell for it to go up. It will not happen under $2. Got more this am...now holding 19000. With everything else up, very soon, the racket can not aafford to keep it down. And I will have my day
Hard to believe, but you can make some mad money buy buying when I sell. Today, I thought about provoking a rally by selling. Then decided to hold and buy a little more. Don't laugh this off. IT IS TRUE. The two last rallies on PNSN started withing two minutes of my position liquidation. And, of course those rallies were not supported - as they quickly failed and the stock got lower. I don't even believe myself but THERE IS A MAFIA ACTION GOING ON HERE. The mms are crooky
Saw the last-minute paint job coming and waited. I got 3555 at $0.15. Looking to do it again tommorrow on another bid.
There is some MAFIA thing with this stock. On the past two instances the stock ran up, it did immediately after I sold off my positions. And I am convinced it went up because I left. Although, I recovered nicely by shorting it on its way up, but I am monitoring the stock and compiling possible data for a RICO action. Another Raj may be involved with PNSN! Look at the degree of manipulation and trading on the stock. Time will tell.
There is some MAFIA thing with this stock. On the past two instances the stock ran up, it did immediately after I sold off my positions. And I am convinced it went up because I left. Although, I recovered nicely by shorting it on its way up, but I am monitoring the stock and compiling possible data for a RICO action. Another Raj may be involved with PNSN! Look at the degree of manipulation and trading on the stock. Time will tell.
When a company decides to name itself "Owl," you should know it is CREEPY. They should finish dumping the few remaining shares they have and vamoose!
YRCW will be up today as he market is down. It trades reverse the market trend.
Only 3000 shares though. I guess someone trying to provoke some movement here - up or down. Or maybe doing a little sympathy thing with LGFTY. Good news for me though. The 25000 of LGFTY I got at $0.16 almost doubled today. And I think it will get to $0.50 this week
I am digging up all sources on Chinese news regarding this. But, on a face read, the Yahoo post seems very very plausible. I added to positions just in case. Stock came down from $18s on what has become guess-work till date. If someone is bidding at $4, it is not far-fetched. But hopefully, I will get the result of my research soon while I can grab more. Either way, the stock is not a sell for me. So, nothing changes, except that the opportunity just expanded
Told you that the Kandi-lickers at Owl Creek will come out this morning swinging like Tiger Wood's wife. They nned to prove that they were right in selling at this low price. I hope everyone is getting some of their few remaining shares BEFORE WE HEAD UP.
I guess the kandi-lickers at Owl Creek are on vacation today. No selling. I expect them to start early Friday.
Just added $0.25 per share with that $7million. So many positive announcements coming from this thing but no movement on stock. Heavy short position. When this thing will move, it would be very very violent
These fools are out of ammo. May touch $0.07 today. Charts don't lie
Anaemic volume...the Owls are not open yet. Or maybe holders have realized that the stock is worth much more than $0.056. And are holding tighter. Shorts would soon get the message
So now we know it's the same fools at Owl Creek pressuring the stock. Because what they sold today is not included in that filing, it is possible they have less than 40 million to go back to their CAVE. And up we go.
Strange there was buying interest at $0.15 but not at $0.19. Anyone holding this is hoping to get up to $1, so I fail to see the difference between buying at $0.15 and $0.19. Four cents...yeah, but if it is going worthless, doesn't matter whether you bought at the one or the other. I also managed to get 25000 of LGFTY today at $0.16
Another UBS Rogue Trader shorting this. We will know which bank soon as mgmt resigns. These fools never learn. Bought Allied Irish a fortnite ago at $0.39. It hit $0.80 this AM. Whichever fool sold that to me. Good xmas
Someone buying with opiate aggressiveness. Don't mess with this buyer
Jianbro - Ernest & Young was not commissioned by the SEC to do what you wrote. E&Y was recruited by the two Audit Committee Board members. E&Y was not the Independent Auditor. The previous Independent Auditor declined to stand for reappointment and Marcum Beinstein was appointed, ratified by the Baord and reported to the SEC. Further, the auditor that declined reappointment certified a letter to the SEC that they have not disagreed with the company on anything they audited. (Did you read that?) That is the current position. WHen you confuse E&Y with the independent auditor - you are misleading your readers.
Going to go crazzzy today....Carlyle %14%
Now 292,800,000 is no chicken shares. Glad that the fools selling this got suckered out
Jiangbro -
Again, you missed the points. If the auditor resigned, it is not up to the company whether to report or not, it has to. You did not read the post.
Secondly, the thread you posted regarding the company's June 2011 Form 8-K depicts the same lack of understanding...that Audit Committee members/independent Board members are not the same as Independent Auditors.
Hope this clears some stuff for you.
Also, take note that I do not claim any special knowledge of what is going on behind the public scenes here, but there are public indicators that I abide with. Otherwise, we should not even be talking about this issue anymore.
Why would the demented seller get to $0.0501 and stop. Any other better form of mental problem??? And I got 246000 more from the fool
Informative post from Yahoo on Auditor Resignation:
(People confuse the resignation of independent board of directors/audit committee members with resignation of Independent Auditor)
Re: Pope was PAID 42 minutes ago
rto - you seem to have something personally and extra-ord with Cao. I have no interest in the guy BUT...if you know how things work in this business...the resignation of a registered company auditor is a reportable event. An auditor is required to send a form letter directly to the Office of the Chief Accountant of the SEC when such auditor is terminated, or it informs the company that it will no longer serve as the independent auditor. This letter is matched with the the company's Form 8-K filings. The company has to report such within 1 (ONE) business day. And the relevant section of the 1034 Act covers identification of related party transactions (the type that you write about). Per the link below, any disagreement or resignation would have warranted JGBO filing an 8-k. For your information, a company is not required to have an IR Firm and the resignation of any is not reportable. Regarding your other posts about Cao's personal or other business, I am not in a position to comment. However, I AM CONVINCED THAT JGBO IS WORTH MUCH MORE THAN THE $3 MILLION OR LESS THE MARKET IS PRICING IT. And so, I hold confidently. See the 1934 Act link below for futher reading:
http://taft.law.uc.edu/CCL/34Act/sec10A....
NOTE: No Auditor Issues Unlike Other Scams. Previous Ind. Auditor did not cite any disagreement with the financials..did they? NO! That auditor signed statement that it did not opt out of reappointment based on any disagreement or specific issue. A new Ind. Auditor was appointed immediately overlapping the expiring auditor. In other words, at all times till date, all the records are being certified by auditors. There is no official announcement to the contrary. Yes it's been a mess for investors, but selling shares around here is simply unimaginable. Just time will take of this stuff.