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Quick example: When I mentioned the interview with CEO Dongmei Jia on Chinas Ministry of commerce, there was someone saying very quickly: "This video can't exist, we know that..." and so on. Then someone brought the evidence for the existence of this video. But is this still an objective view? How can you say something doesn't exist before even seeing it with your own eyes?
I'm invested, but still I try to be objective. I've seen proof of existence with my own eyes. Some actions the company take might be discussable, but they're clearly expanding in a fast pace. And they plan to own 15000 retail locations in 2010. Today they already own 3300 retail locations in China. Remember that they started out with only a handful shops in 1999 and thank's to Dongmei Jias hard work they are the biggest retail company in China's Hebei Province nowadays. Please correct me if I'm wrong.
That's the link I mean't. Well done, Breezin. As I said, I tell you the truth.
I've seen it on a financial website. It was a chinese woman and next to it the name "Dongmei Jia, CEO of Good Life China". Don't call me a liar, just because you didn't see it. It was linked on a german website and it would take me some time to find it. But I've definately seen it. You can believe it or not, but don't call me a liar.
I have seen an interview with Mrs. Dongmei Jia. Didn't look like a man at all.
Seems like the US bank crises had a much larger impact on the worldwide market than expected.
Everybody should have his own opinion, no problem. I did my research about GLCC company.
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In fact I can't believe you on this point. I think Haorizi opened all these new stores recently, because people in China confirmed me that information. Of course I don't know if they really did everything they planed so far, but what I need to know they actually did it. And if I was you and own about 400.000 shares, I would either be hopeful or sell my stocks immediately. But that's just my opinion.
No need to be pessimistic. There were enough up's so far. It shows, there is potential and a chance to win. Nothing else matters. Next News Blitz will bring us back on track. I'll wait for tomorrow to see if it goes even lower, then buy some more. According to Good Life China-Website they plan to own 4000 retail locations by the end of 2008 und 15000 retail locations until 2010. They already own 3300 retail locations in China.
I mean those who pick'em up when they're down. Some act like people will never need no food in China anymore. Look, the whole market went down today, not just GLCC.
Maybe I need glasses, but I see no difference at all in the picture. Looks all right.
I totally agree. It's all relative. Some see a conspiracy in every move a company takes, others ignore all the signs and real facts. Make your own judgement, that's what I did. And last time I was right with GLCC. I know what they're able to achieve, it just takes time.
Sure it exists.
No, you're wrong. If you put the word "Henan" in the Washington Post search engine you get a lot more postings on the web, including all types of private reports. This special news coverage summary next to the Henan reports works with a filter, meaning they are listed by the web hoster to show the most important news from Henan Province. They are only articles from Newspapers and magazines, no private crap at all, so it's not from a search engine. Try it yourself!
That's what I said. Washington Post.com reported about Henan Province and showed the News-Link to MSN Money about Good Life China and Henan Sunjock deal on the side. Just one of the few examples how the GLCC publicity campaign works.
Washington Post.com is reporting about Henan Province and shows the article about GLCC and Henan Sunjock.
http://www.washingtonpost.com/ac2/related/topic/Henan+Province
Must be a big cow that GLCC is about to buy:
"The Henan Sunjock Dairy is an "early adopter" of modern dairy farming, and has been growing at an excellent pace. For the first 2 quarters of 2008, the Dairy generated gross revenue of $111,639,732 RMB, or $16,326,369.36 USD. The Company is operating in the black on a regular basis. Net earning after taxes for the 6 month period June 30, 2008 is 9,353,612 RMB = $1,369,991 US Dollars at current exchange rates."
Source: Good Life China
That's a good sign, indeed. This big investor wouldn't get in, if he doesn't expect more to come. Last time all the others bought and sold just like that player on NITE did.
This company won't be affected by the Bank crisis or the LB. It can continue it's natural growing in China with new retail locations and mergers for the next years without being bothered.
It's spelled "Hebei" like GLCC stated correctly in their News. Question answered?
Yes, and it seems like GLCC really wants to dominate the whole market in Chinese rural areas by buying 2 companys that will produce goods they already selling. Milk from Henan and farming from AGRICO. Great deals, very clever.
Yes, agree. And with good news like today I'm happy to have bought when the price was right.
What a great news. Henan Sunjock is another extremely profitable company. Next to AGRICO and 3300 retail stores, GLCC continues expanding in a record pace.
Yeah, let's look forward to the next weeks. Already learned my lessons. GLCC will make it...
Pretty sure, some of you guys also made a lot of dough with this stock.
Right, just look at the charts. In Germany holding high at 0,007 € all day! They love this stock and probably just wait for the US to take this chinese plane off.
You can talk how much you want. Good Life China has a great concept with franchise stores in China and it expands in a record pace. I did almost 200 % on the last rise and I'm sure I will make some more. I'm already invested again. Hopefully we'll go for the long run after some great news coming up.
Concerning the shares, don't let this part of the news untold:
"The issuer reminds its followers that the majority of these shares and the share increase will be or are being
issued as restricted shares (non tradable) shares and this should not impact the float for some time yet to come."
Source: Good Life China
Once again. Didn't you mean the A/S? Not the O/S was increased, please tell it right. Estimated Float is 365,000,000 according to GLCC. Restricted shares are only for the mergers and will not be tradable for the next time.
Ain't no stoppin' us. Good news as expected. They seem to figure out where the new ground for this stock might be: @ 0,009 $, 0,008 $ or even below? Guess, more longtraders joined over the last couple of weeks. If it's known finally, I'll buy some more GLCC-stocks and wait with a smile.
That's your opinion. What makes me sceptical is that you ignore official announces from a company and then tell your own version of it. Believe me, I also do my research like every investor.
Yes, I read this one, but I was talking about the latest PR concerning the restricted shares. Here it is:
Good Life China (GLCC) Recapitalization, Share Structure
Update and Reduction of Float via Share Buy Back
(Supplementary Filing)
BEIJING, September 8, 2008 -- Good Life China Corporation www.goodlifechina.com (GLCC) the issuer, has
recapitalized the company to 985 million shares. The recapitalization was necessary to pay or finance the
transaction previously announced with the Shijiazhuang based “The People Home” (TPH) chain of 625 stores.
The management sees the finance of TPH with the issuance of 222 million shares as a very significant one, from
both a top-line revenue point of view, and in terms of achieving ever-growing economies of scale on the logistics
side of the retail business – which is the core focus of Good Life’s business model. Additionally, the acquisition
significantly expands Good Life’s retail level footprint in China, and may signal the first signs of consolidation of
retailers in rural areas of China.
TPH has a total of over 600 stores, carrying a variety of low-cost consumer products. With the addition of TPH,
Good Life now boasts a total of over 3,300 stores.
The issuer also intends to place a treasury order to issue up to 240 million shares for the acquisition of the TPH
subsidiary Agrico. More details regarding this acquisition will be released shortly, as negotiations continue.
Note: should the acquisition fail to close, these shares will be retired back to treasury.
Based on the assumptions that in addition to the TPH acquisition, the Agrico acquisition closes, the Issuer’s share
structure will be as follows:
Authorized Shares 985,000,000
Outstanding Shares 888,000,000
Estimated Float 365,000,000
The issuer reminds its followers that the majority of these shares and the share increase will be or are being
issued as restricted shares (non tradable) shares and this should not impact the float for some time yet to come.
The Company also announced that it intends to begin a share buyback program to reduce the current float by as
much as 30.125%. Management believes that this will provide a stable trading environment while the market
digests news of these major acquisitions, and shareholders have the opportunity to further evaluate the benefits
of these companies to the Issuer’s market valuation.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information
contained in this release contains forward-looking statements that involve risk and uncertainties, including but
not limited to, those relating to development and expansion activities, domestic and global conditions, and
market competition.
SOURCE Good Life China Corporation
Read the announcement of GLCC, the restricted shares are for the merger + TPH. Sad, that someone can tell such wrong facts and make poor sheeps believe they need to sell quickly.
In fact it is a big advantage for GLCC to finance the merger of AGRICO and TPH with cash and restricted shares in order to save the firm capital. Just think about it?
Don't think so. Today is not important, i mean't the last weeks, the upwards trend. Time to buy some more, before this baby goes up. (imo)
It does speak for itselft, you're right. Especially the charts of the last few weeks make me very optimistic.
Obviously you didn't read the last PR from Good Life China. Restricted shares will not be tradable in 2008, so it was NO further dilution this year, they kept their promise from the former statement. It was officially announced by the Good Life China Company. They wrote:
"The issuer reminds its followers that the majority of these shares and the share increase will be or are being
issued as restricted shares (non tradable) shares and this should not impact the float for some time yet to come."
http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf…
3300 retail locations in China and more to come every month. The charts didn't show that, yet. Think, it's just a matter of time. I'm not worried.
Thank's! I'll just wait and see what happens. The charts of the last few months look like they can possibly start another run soon.
Petro China deal? Sounds good, I didn't know that before. Petro China is the largest oil/gas producer and distributor in China according to their website. Seems I made the right choice. Thank's and hope you guys keep me informed. One day or another the public will see the potential of GLCC.
Hi there! Just got invested after I learned about the Good Life China Company and how they dominate the market in Hebei, China. Think it's totally underestimated. Seems they gonna increase in the future.