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Also noticed that Lotus Pharmaceuticals is up about 30% since end of September. Anyone know if JGBO still owns these shares?
Spike on close today?
Does anyone know the reason for the sudden spike up at the close?
Beats me! King Kong maybe?
I surely hope so!!
Just increased my position by 25% at 52 week low price.
Roger that! I've been in for so long (GTEC at pennies) and have expected logical market reactions to so many news worthy situations - I don't flinch anymore - I'm in it for the long haul!
(JGBO) CEO to Ring The NASDAQ Stock Market Opening Bell
90 minutes ago - GlobeNewswire
What:
Jiangbo Pharmaceuticals, Inc. [JGBO] will visit the NASDAQ MarketSite in New York City's Times Square.
In honor of the occasion, Jin Linxian Wubo, CEO of Jiangbo Pharmaceuticals, Inc. [JGBO] will preside over the NASDAQ Opening Bell.
Jiangbo Pharmaceuticals Chairman to Ring NASDAQ Opening Bell on August 27, 2010
Wednesday 08/25/2010 11:07 AM ET - PR Newswire
The new CEO's quote "Together with the rest of Jiangbo's management team, I plan to work hard to better define and execute a strategic plan that maximizes Jiangbo's growth potential and returns value to our shareholders" has a nice ring to it. Maybe the lack of communication in the past makes these types of standard statements set a different tone - optimism - no matter how boring they are perceived.
Halter USX China Index Announces Second Quarter 2010 Results and Adds New Constituents
Wednesday 06/30/2010 6:44 PM ET - Businesswire
For the second quarter 2010, the Halter USX China Index (NYSE Arca: HXC) was down 9.37%. During the same period the Dow Jones Industrial Average decreased by 9.97% while the NASDAQ finished down 12.04%.
HXC is also pleased to announce the inclusion of 10 new constituents to its existing index of China-focused, U.S. listed companies including: BioStar Pharmaceuticals, Inc. (NASDAQ: BSPM) discovers, develops, manufactures, and markets over-the-counter and prescription pharmaceutical products, and nutrient products for various diseases and conditions; Jiangbo Pharmaceuticals, Inc. (NASDAQ: JGBO) which engages in the research, development, manufacture, marketing, and sale of pharmaceutical products;Sino Clean Energy Inc. (NASDAQ: SCEI) that produces and distributes coal-water slurry fuel; Charm Communications Inc. (NASDAQ: CHRM) operates as a television advertising agency; China Education Alliance Inc. (NYSE: CEU) which provides online education and on-site training; China Recycling Energy Corp. (NASDAQ: CREG) that provides energy saving and recycling products and services; China Yida Holding, Co. (NASDAQ: CNYD) which operates as an entertainment enterprise that focuses on the media and tourism industries; SkyPeople Fruit Juice, Inc. (NASDAQ: SPU) produces and sells fruit juice concentrates, fruit beverages, and other fruit related products; Shengkai Innovations, Inc. (NASDAQ: VALV) which designs, manufactures, and sells ceramic valves; and Yongye International, Inc. (NASDAQ: YONG) that engages in the research and development, manufacturing, and distribution of fulvic acid based liquid and powder nutrient compounds for plant and animal feed.
It was also announced that China GrenTech Corporation Limited (NASDAQ: GRRF), China Mass Media Corp. (NYSE: CMM), Wuhan General Group, Inc. (NASDAQ: WUHN), Xinhua Sports & Entertainment Limited (NASDAQ: XSEL) and China GengSheng Minerals Inc (AMEX: CHGS) were removed from the Index.
About the Halter USX China Index
The Index, created by the Halter Financial Group and calculated and distributed by the NYSE Arca, is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People's Republic of China. The Halter USX China Index was created in response to the unique economic opportunities taking place in China, as well as the current dynamics in the United States capital markets. While there is strong demand for Chinese equity, U.S. investors still seek and prefer the transparency offered with a U.S. listing. For a company to be included in the Halter USX China Index it must conduct a majority of its business in China, maintain an average market cap of over $50 million for the preceding 40 trading days, trade on the NYSE, NYSE Amex or NASDAQ and be approved by USX Selection Committee. Investors can gain exposure to the Index by investing in an exchange-traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (NYSE Arca: PGJ). For more information please visit www.usxchinaindex.com. The following 173 public companies currently comprise the Halter USX China Index:
3SBio, Inc. (NASDAQ:SSRX)
51 Job, Inc. (NASDAQ: JOBS)
7 Days Group Holdings Ltd (NYSE: SVN)
A-Power Energy Generation Systems (NASDAQ: APWR)
Acorn International, Inc. (NYSE:ATV)
Actions Semiconductor Co (NASDAQ: ACTS)
Advanced Battery Technologies, Inc. (NASDAQ: ABAT)
AgFeed Industries, Inc. (NASDAQ: FEED)
Agria Corp. (NYSE: GRO)
AirMedia Group, Inc (NASDAQ: AMCN)
Aluminum Corp. of China Ltd. (NYSE: ACH)
American Dairy, Inc (NYSE:ADY)
American Lorain Corporation (AMEX: ALN)
American Oriental Bioengineering, Inc. (NYSE: AOB)
AsiaInfo Holdings, Inc. (NASDAQ: ASIA)
ATA, Inc. (NASDAQ: ATAI)
AutoChina International, Ltd. (NASDAQ: AUTC)
Baidu.com, Inc. (NASDAQ: BIDU)
Biostar Pharmaceuticals, Inc. (NASDAQ: BSPM)
BMP Sunstone Corporation (NASDAQ: BJGP)
Canadian Solar, Inc. (NASDAQ: CSIQ)
CDC Corp (NASDAQ: CHINA)
Changyou.com Limited (NASDAQ: CYOU)
Charm Communications Inc. (NASDAQ: CHRM)
China Advanced Construction Materials Group, Inc. (NASDAQ: CADC)
China Agritech, Inc. (NASDAQ: CAGC)
China Architectural Engineering (NASDAQ: CAEI)
China Auto Logistics, Inc. (NASDAQ: CALI)
China Automotive Systems Inc (NASDAQ: CAAS)
China BAK Battery, Inc. (NASDAQ: CBAK)
China Biologic Products, Inc. (NASDAQ: CBPO)
China Cord Blood Corp (NYSE: CO)
China Digital TV Holdings Co., LTD. (NYSE: STV)
China Distance Education Holdings Limited (NYSE: DL)
China Eastern Airlines Corporation Ltd. (NYSE: CEA)
China Education Alliance Inc. (NYSE: CEU)
China Finance Online (NASDAQ: JRJC)
China Fire & Security Group (NASDAQ: CFSG)
China Green Agriculture, Inc. (NYSE Amex: CGA)
China Housing and Land Development, Inc. (NASDAQ: CHLN)
China Hydroelectric (NYSE: CHC)
China Information Security Technology, Inc (NASDAQ: CPBY)
China Infrastructure Investment (NASDAQ: CIIC)
China Integrated Energy, Inc (NASDAQ: CBEH)
China Life Insurance Co Ltd (NYSE: LFC)
China Marine Food Group Limited (AMEX: CMFO)
China MediaExpress Holdings, Inc. (AMEX: CCME)
China Medical Technologies, Inc. (NASDAQ: CMED)
China Mobile Hong Kong Ltd. (NYSE: CHL)
China Natural Gas, Inc. (NASDAQ: CHNG)
China Natural Resources, Inc. (NASDAQ: CHNR)
China Nepstar Chain Drugstore Ltd. (NYSE:NPD)
China North East Petroleum Holdings Limited (AMEX: NEP)
China Nutrifruit Group Limited (AMEX: CNGL)
China Petroleum and Chemical Corp (Sinopec) (NYSE: SNP)
China Pharma Holdings, Inc. (AMEX: CPHI)
China Precision Steel, Inc. (NASDAQ: CPSL)
China Real Estate Information Corporation (NASDAQ: CRIC)
China Recycling Energy Corp. (NASDAQ: CREG)
China Ritar Power Corp. (NASDAQ: CRTP)
China Security & Surveillance Technology, Inc. (NYSE: CSR)
China Sky One Medical, Inc. (NASDAQ: CSKI)
China Southern Airlines Company Ltd. (NYSE: ZNH)
China Sunergy Co. Ltd. (NASDAQ: CSUN)
China Techfaith Wireless Communication Technology Ltd. (NASDAQ: CNTF)
China Telecom Corporation Ltd (NYSE: CHA)
China TransInfo Technology Corp (NASDAQ: CTFO)
China Unicom Ltd (NYSE: CHU)
China Valves Technology, Inc. (NASDAQ: CVVT)
China Wind Systems Inc (NASDAQ: CWS)
China XD Plastics Company, Ltd. (NASDAQ: CXDC)
China Yida Holding, Co. (NASDAQ: CNYD)
China Yuchai International Ltd. (NYSE: CYD)
China-Biotics, Inc.(NASDAQ: CHBT)
ChinaCast Education Corp. (NASDAQ: CAST)
ChinaEdu Corp. (NASDAQ: CEDU)
ChinaNet Online Holdings Inc (AMEX: CNET)
Chindex International Inc (NASDAQ:CHDX)
Cninsure, Inc. (NASDAQ:CISG)
CNOOC Ltd. (NYSE: CEO)
Cogo Group, Inc. (NASDAQ: COGO)
Concord Medical Services Holding Ltd (NYSE: CCM)
Ctrip.com (NASDAQ: CTRP)
Deer Consumer Products, Inc. (NASDAQ: DEER)
Duoyuan Printing, Inc (NYSE: DYP)
E-House (China) Holdings Limited (NYSE: EJ)
eLong (NASDAQ: LONG)
Focus Media Holding Ltd. (NASDAQNM: FMCN)
Fuqi International, Inc. (NASDAQ: FUQI)
Fushi International, Inc (NASDAQ:FSIN)
General Steel Holdings, Inc. (NYSE: GSI)
Giant Interactive Group, Inc. (NYSE:GA)
Global Sources Ltd (NASDAQ:GSOL)
Guangshen Railway Co Ltd (NYSE: GSH)
Gulf Resources, Inc. (NASDAQ: GFRE)
Gushan Environmental Energy Ltd. (NYSE: GU)
Harbin Electric, Inc. (NASDAQ: HRBN)
HLS Systems International, Ltd. (NASDAQ: HOLI)
Home Inns & Hotels Management, Inc. (NASDAQ: HMIN)
Hong Kong Highpower Technology, Inc. (NASDAQ: HPJ)
HQ Sustainable Maritime Industries, Inc. (NYSE Amex: HQS)
HuaNeng Power International, Inc. (NYSE: HNP)
Hurray! Holding Co., Ltd. (NASDAQ: HRAY)
JA Solar Holdings (Nasdaq:JASO)
Jiangbo Pharmaceuticals, Inc. (NASDAQ: JGBO)
Jinpan International Limited (NASDAQ: JST)
Kandi Technologies, Corp. (NASDAQ: KNDI)
KongZhong Corporation (NASDAQ: KONG)
LDK Solar Co. Ltd. (NYSE: LDK)
Lihua International, Inc. (NASDAQ: LIWA)
Linktone Ltd. (NASDAQ: LTON)
Longtop Financial Technologies Limited (NYSE: LFT)
Mindray Medical International Ltd (NYSE:MR)
Nam Tai Electronics Inc (NYSE: NTE)
Netease.com, Inc. (NASDAQ: NTES)
New Oriental Education & Technology Group, Inc. (NYSE:EDU)
Ninetowns Internet Technology Group Company Limited (NASDAQ: NINE)
NIVS IntelliMedia Technology Group, Inc. (AMEX: NIV)
Noah Education Holdings, Ltd. (NYSE: NED)
Orient Paper Inc (AMEX: ONP)
Origin Agritech Limited (NASDAQ: SEED)
Perfect World Co., Ltd. (NASDAQ: PWRD)
PetroChina Co. Ltd. (NYSE: PTR)
Puda Coal, Inc. (AMEX: PUDA)
Qiao Xing Mobile Com (NYSE:QXM)
Qiao Xing Universal Telephone (NASDAQ: XING)
ReneSola, Ltd. (NYSE: SOL)
RINO International Corporation (NASDAQ: RINO)
Semiconductor Manufacturing International Corp (NYSE: SMI)
Shanda Games Limited (NASDAQ: GAME)
Shanda Interactive Entertainment Ltd (NASDAQ: SNDA)
Shengdatech Inc (NASDAQ:SDTH)
Shengkai Innovations, Inc. (NASDAQ: VALV)
Silvercorp Metals Inc. (NYSE Amex: SVM)
Simcere Pharmaceutical Group (NYSE: SCR)
Sina Corporation (NASDAQ: SINA)
Sino Clean Energy Inc. (NASDAQ: SCEI)
SinoHub Inc. (AMEX: SIHI)
Sinopec Shanghai Petrochemcial Co. Ltd. (NYSE: SHI)
Sinovac Biotech, Ltd. (NYSE Amex: SVA)
SkyPeople Fruit Juice, Inc. (NASDAQ: SPU)
Skystar Bio Pharmaceutical Company (NASDAQ: SKBI)
Sohu.com, Inc. (NASDAQ: SOHU)
Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF)
SORL Auto Parts, Inc.(NASDAQ: SORL)
Spreadtrum Communications, Inc.(NASDAQ: SPRD)
Suntech Power Holdings Co. Ltd. (NYSE: STP)
Sutor Technology Group, Ltd. (NASDAQ: SUTR)
Synutra International, Inc.(NASDAQ: SYUT)
Telestone Technologies Corporation (NASDAQ: TSTC)
The9 Limited (NASDAQ: NCTY)
Tianyin Pharmaceutical Company, Inc. (AMEX: TPI)
Tiens Biotech Group (NYSE Amex: TBV)
Tongjitang Chinese Medicines (NYSE:TCM)
Tongxin International Limited (NASDAQ: TXIC)
Trina Solar Limited (NYSE:TSL)
Universal Travel Group (AMEX: UTA)
UTStarcom Inc (NASDAQ: UTSI)
VanceInfo Technologies Inc. (NYSE: VIT)
Vimicro International Corp. (NASDAQ: VIMC)
VisionChina Media Inc. (NASDAQ:VISN)
Winner Medical Group, Inc. (AMEX: WWIN)
Wonder Automotive Technology, Inc. (NASDAQ:WATG)
WSP Holdings Ltd. (NYSE:WH)
WuXi Pharma Tech (Caymen) Inc. (NYSE: WX)
Xinyuan Real Estate Company Ltd. (NYSE:XIN)
Yanzhou Coal Mining Co. Ltd. (NYSE: YZC)
Yingli Green Energy Holdings Co. Ltd. (NYSE:YGE)
Yongye International, Inc. (NASDAQ: YONG)
Yucheng Technologies Limited (NASDAQ:YTEC)
Yuhe International, Inc. (NASDAQ: YUII)
Zhongpin, Inc. (NASDAQ: HOGS)
ZST Digital Networks, Inc. (NASDAQ: ZSTN)
The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward- looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
SOURCE: Halter USX China Index
Halter USX China Index
Chelsea Kindred, 972-233-0300
I like the movement and volume - hope the days of unexplainable swings are gone!
This is an old post by "Eddie Haskell" here regarding JGBO (GTEC) positions in LTUS and SPEH
Value of LTUS and SPEH to US based GTEC shareholders
Value of LTUS and SPEH to US based GTEC shareholders
US based GTEC holders own 25% or 100 mil shares of GTEC and will get a distribution from GTEC of the remaining assets of GTEC's old business, which is primarily their holdings of LTUS and SPEH.
GTEC owns 5.4 mil shares of LTUS (per 7/31 form 4), and 8.54 mil shares of SPEH (per 6/29 form 3).
LTUS is worth $1.50 today and is trading a fair volume of shares so that the LTUS stake is worth $8.1 mil, although they sold 680k of LTUS shares to a private investor in July for 55 cents !%^$%*&*^(&I^*O( !!
As to the value of SPEH, although it is trading north of $2, it's hard for me to see much more than 40 or 50 cent value in it based on their just released 6/30 financials with 5 cents eps - still at 45 cents, it would be valued at $3.8 mil (there is absolutely no trading volume in that stock)...
Together that's about $12 mil of value for LTUS and SPEH and since they only had debt of around $900k, the fair value of GTEC's holdings of LTUS and SPEH net to new US GTEC shareholders is about $11 mil or 11 cents per share !
I doubt we'll see that much as the only way to get that value would be for them to sell a portion and dividend the rest to GTEC shareholders, which doesn't appear to be the plan. As well, there are "winding up expenses", and these guys are VERY well paid... My guess is they'll find an "accredited investor" to sell the shares to and do a sweet deal with them...
BTW, I have read concerns that some are fearful of buying into LTUS because GTEC may sell. Hogwash - they own only 350k unrestricted shares (the rest are SEC 144 and can only be slowly based on 2% of trading volume in a month or after 2 yrs). They probably already sold the 350k.
LTUS is worth < $2.50 in a few qtrs easily... just my take.
Here is GTEC's last balance sheet (which understates the value of GTEC's holdings of LTUS and SPEH considerably). See how little debt they have ?:
GENESIS TECHNOLOGY GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
June 30, 2007
(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents ..................................... $ 18,284
Marketable equity securities, at market ....................... 514,869
Prepaid expenses and other current assets ..................... 37,649
Deferred contract costs ....................................... 385,595
------------
Total Current Assets ..................................... 956,397
PROPERTY AND EQUIPMENT - Net .................................... 13,000
OTHER ASSETS:
Restricted marketable equity securities, at market ............ 7,575,655
Due from related party ........................................ 5,376
Other assets .................................................. 19,583
------------
Total Assets ............................................. $ 8,570,011
============
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Loan payable - related party .................................. $ 325,000
Accounts payable and accrued expenses ......................... 361,631
Liabilities of discontinued operations ........................ 150,709
------------
Total Current Liabilities ................................ 837,340
------------
MINORITY INTEREST ............................................... 123,755
------------
SHAREHOLDERS' EQUITY:
Preferred stock ($.001 Par Value; 20,000,000 Shares Authorized)
Convertible preferred stock Series A ($.001 Par Value;
218,000 Shares Authorized;
15,400 shares issued and outstanding) ....................... 15
Common stock ($.001 Par Value; 200,000,000 Shares Authorized;
85,264,120 shares issued and outstanding) ................... 85,265
Additional paid-in capital .................................... 23,441,600
Accumulated deficit ........................................... (18,332,078)
Less: treasury stock, at cost (10,000 shares) ................. (2,805)
Less: deferred compensation ................................... (182,131)
Less: subscription receivable ................................. (182,340)
Accumulated other comprehensive income ........................ 2,781,390
------------
Total Shareholders' Equity ............................... 7,608,916
------------
Total Liabilities and Shareholders' Equity ............... $ 8,570,011
============
Does JGBO still have a stake in Lotus Pharm.?
Just FYI, Lotus has been steadily climbing (since its low of .16 last March) and is now trading at $1.59!
Lotus heating up!
I listened very carefully to the CC (trying to read between the lines) and wonder what Mr. Wubo Cao and the board think of foreign investors/owners of GTEC. They say that shareholders are their priority but are they so conservative (to a fault) that they would go against "common sense" (i.e. not announcing "very large piece of land acquirment")? I have this image of what conservative means in China and it aint nothing close to what it means in the western world.
If I weren't such a confident investor I would think they were treating me (and my concerns) with disdain.
In conference call Elsa (CFO) added to the "very very final stage of being approved" comment that they just needed to "submit certain documentation to get the packaging okayed by the government".
Other interesting notes/questions on call....
Although they did not give margins on product by product, I thought it was interesting that their margins on 2 drugs were 35% (I think they were Clarythromycin and Itopride - correct me if I am wrong please)
When asked if they were looking at other markets Elsa indicated that China is where they will get the best bang for their buck - they mentioned that they were present in 30 out of 32 regions/provinces
Sales on recently released OTC Baobaole in first month (December) were 15% more than expected.
Also regarding 2 drugs in final approval stage did Elsa intimate that they were only waiting for approval "stuff" like on product packaging? I think she also said that they expected to launch by end of fiscal 08?
I am slowly adding on the dips (bought originally a long long time ago at .15 or so). I had a buy limit order in last night at .455 good til cancelled. It did not go through last night. This morning, the trade executed at 9:43, well after it opened, spiked, dropped, then went back up and down. It was only for 2,000 shares. Is this due to the scarcity? It passed through and held below the limit price a couple of times from 9:30 til it executed for several minutes at a time until it finally did at .455, the limit. Is that normal?
Thanks to folks like the UNMENTIONABLE ONE ....... I SOLD ALL!!!!!
I sold my mom, my dad, my brother, my sister, my boss (wifey), my electrician, my pool cleaner, my neighbor.....heck I sold them all on GTEC!!!!!
Thanks a million to the UNMENTIONABLE ONE - Hiyo Silver!!!!
Bashers should be coming out of the woods now so the unmentionable won't feel so alone.