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When a company that produces more than $0.17/share in quarterly net profit, and is on track for record profit and revenues... has accelerating top and bottom line growth, strong viable hard assets, positive cash flow, and an extremely strong in demand product... attempts to do such a second dirty, underhanded, manipulative manuever (after first trying to selectively cancel only certain freely traded shares because the company claimed they were not justified to be freely traded -what a crock of BS), now by filing SEC Form-15 is looking at going dark... which is like a death sentence to investors. In this case in particular to be permitted to get away with such is both immoral and unethical. The SEC and whomever else has any clout needs do something on the behalf of all innocent shareholders (myself included) to prevent this company from stealing investors money by going dark (as it probably means lights out to everyone holding stock except the crooked insiders). It's both a shame and a disgrace especially for such a company as profitable as this one to attempt, and futhermore, be permitted to do such a thing. Personally I have a good deal of funds invested here and stand to lose everything should this be allowed to take place. I have already contacted the SEC on this matter... and I suggest anyone reading this do the same. The company is bent on getting these shares from investors using any manipulative route possible (any way, shape, or form) to steal all investors money. I never believed it would ever come down to this... this is crookedness staring one right in the face. Unfortunately this is thinly traded and somewhat illiquid. I have a huge loss as it currently stands. Personally if I could I would love to shove my foot right up their crooked wazzoo as these low-life scum are no better than any of the other crooked lying Chinese thieves (they're just doing it a different way). It's painfully disgusting to watch and much worse to be victimized by.
Yes it is... yet to me, it's somewhat hard to understand... it seems as if they're intent on screwing shareholders. How much more time is there and what exactly can we expect? I hold 60k. How many are you in for? What's your perspective? What to do next... buy more, sell some/most/all, hold or dare attempt trade this thing (which is next to impossible)?
Correct me if I'm wrong, but they cannot just de-register company's without meeting particular guidelines which should include a fair payout of the valuation to shareholders. Also their attempted cancellation of particular shares (of the same class) that are publicly traded, like they were attempting to do before was highly unethical... I spoke with someone responsible for the case review at the SEC and they indicated it wasn't right. The company is highly profitable as you may have noticed in their latest filing... They should do what's right and pay up, not run and hide to weasel out. BTW, what do you mean from the "T/A"?
Please elaborate a little further... also, who is Cathy Cao?
They just reported making over $0.17 in the quarter... that's equal to the current share price. I've rarely seen anything like this valuation.... it just doesn't make sense. The company is rock-solid, and when they buy back the shares it should be for at least $1.50 maybe as much as $2.00 to $3.00, although that is an outright steal but it sure is better than where the stock is presently.
Have you heard anything? Yesterday and today there were spikes in volume and price... but again the price increase was immediately followed by big pressure from market makers NITE, CANT and UBSS... as they threw 50,000 + shares on the ASK and drove down the price. It was up to 0.12 today, 0.15 yesterday, but it's now sitting at 0.09. No doubt something's majorly wrong here as this company is worth based on their business and future eanings potential I would say $5/share under normal circumstances. This is anything but normal and unfortunately I'm caught in this at a much higher price. I just hope and wish they put this litigation behind them and shareholders like myself are made whole by either a buyout or even a justifiable valuation given it's a Chinese company mainly traded here in America. What else might ya know, and what are your thoughts.
Why is the stock being priced this low? The company makes in-demand widely used chemicals and EARNS about 7x it's current share price in ANNUAL PROFIT alone. What has gone wrong here? as even before the mention of merger/privitization these shares went from a high of $6.50 in January 2011 to under $0.10 cents ... if they said they were going to pay $1.50 (and that is well under BV), this means shares are worth considerably more and they probably could relist them elsewhere at 5X the $1.50, nevertheless I still would like to understand why the shares are being priced where they are which is currently $0.065? Anyone here have a good understanding of this without the agenda?
what offer?
This really hurts but cancelling the shares would have been much worse. I bought my shares and have a huge loss but believe in the company ability to continue being both highly profitable and growing... and will eventually be recognized as such and hopefully this PAMCO matter will settle and all shares in the market will be equal(which is the way it should be). I believe CHCC will eventually be bought-out/privitized and then could list themselves onto another exchange closer to home at a much higher price.... my guess $8.00 to $10.00/share wouldn't surprise me.
As I previously mentioned I have not been able to even locate this particular Company PAMCO and it's CEO or whomever it was they mentioned as part of the suit. Where is this company based, what are it's revenues/assets, and are they actively defending themselves in this suit? Where was the mention of this lawsuit BEFORE the privitization announcement? The company should have first settled the case, THEN attempted to privitize itself. What if anything else do you know about this, any further thoughts?
They should pay the $1.50 and not look to CHEAT Shareholders. If PAMCO sold their shares there is no way someone like myself could possibly identify the origin of those shares. If it is the intent of this company to rip-off shareholders that is just terrible. Attempting such is simply wrong and if the SEC were to allow that it would be much worse. Cancelling our shares should NOT be permitted. To me personally this would be quite devastating. Sorry for the oration... but to answer your question I believe the number includes the so called PAMCO shares.
I hear you. I sure hope they complete this and honor all the shares they issued. They cannnot just select some shares to pay and cancel the others... why did they not release a PR on the shares when they first brought their case against this PAMCO? I have tried searching for information and have not been able to find anything about/related to this PAMCO and the particular individual CHCC is suing. Why did they go public in the first place? This attempt to screw honest shareholders is totally wrong. I called the SEC about this matter. They are waiting on a response from the company as they have commented on this merger. If I may ask...how many shares of CHCC do you own and at what cost basis? I hold 20k and based on the current pps -50%. S
This whole thing stinks beyond belief... it's more than baffling how a company with a $2 Billon Market CAP totally stops complying, then basically vanishes and leaves NO assets??? How can something like this happen? It sounds worse than a PONZI scheme. something that might of been designed from the outset. Wow what a den of thieves. It really ticks me off to the point of wanting to lash out. If I was trained, knowledgable and daring enough I would look to find these culprits even going into freakin China to get their sorry asses and somehow bring them back to the USA or else just execute these POS on the spot. If the Chinese Gov't is protecting them... they are equally to blame. Is this just one huge scam with the Chinese Gov't. getting a cut of the proceeds? We may not ever get to know the real truth, but those who have been destroyed by investing in this companys stock I completely endorse getting the ones responsible and mercilessly torturing these dirty low-life POS.... Please invite me to the executions... I'll bring a nice gift... a fine yet crude meat grinder. At least grinding these POS we could sell their rotten remains to a chinese restaurant (COD of course). They'll WOK it up, or else just stuff it into some dumplings or whatever these f'ken scumbucket chinks eat.
What makes you say that? What is the difference? As for Longtop Financial Technologies Ltd., is there any hope for any resolution and return of investors money? I do not understand why it has been taken so far down to 3 cents? Is the business still operating? The website hasn't been updated for many months but it's still online? Have the insiders wiped out the company bank accounts and absconded?
Hebercreeper,
I too checked TDA and they do not have any quotations... also
what's interesting is they took down all my standing orders, one of which would have executed... that kinda disturbs me but in a way it can also be a life saver. In my case it was a standing order at 0.20 so not a big deal. I like most have been getting
slaughtered with these Chinese disaster stocks... This whole mess is very disheartening for a co. with such growth and a strong outlook. So what's your position here and what are you planning on doing?
They have put an e at the end of the symbol and it's now CSGJ(E), but worse than that it seems to have stopped trading.... is this halted due to the delayed report? I sure hope they're honest and not a crooks. Does anyone here know what is actually going on with this company China Shuangji Cement?
What's your Cost Basis for WAMPQ?
Date|Symbol|ShortVolume|TotalVolume|Market
20100331|WAMKQ|17833|230559|O
20100331|WAMPQ|5573|17117|O
20100331|WAMUQ|4662169|9180389|O
What makes $0.50 so cheap? If you bought at $0.72 now you've overpaid. Right now $0.50 is what it goes for if you'r selling and $0.65 is if you're buying. The Spread is Totally Ridiculous. That's the very reason I'm not buying any more unless it significantly narrows or goes down to like 0.10
To tell you the truth I'm even thinking dump my shares here at a loss because this could go way lower.
Yeah What a Freakin Disaster.... It's Now Down 30% from Yesterday. There's NO followthru... I'm begining to think this could easily be another Pump & Dump Scheme. What do you think and why?
Mark this Post -SRFDF possibly goes to $10.00 +. Obviously very few ever heard of it before yet own shares....I'm not surprised. However with possible 1000 fold potential it's a great bargain IMHO. Guess it will be discovered when they get some PR and release some really good news, hopefully sooner than later.
Thanks for responding but you're a bit too disturbed by calling it a "joke". Actually all I did was just added the preferreds together which is about $3.5B... there isn't that much to go around for them to get much unless they find some other assets such as your link mentions. All I wanted to hear was what if anything they're worth if the plan they purposed holds up?
Realistically what is this worth? The total issued amount of WAMPQ was $3 Billion, WAMKQ was $500 Million ... Do not see a way for them to pay the make whole amount. Haven't yet delved into this but before I do just asking if anyone here knows how to get a grip on a reallistic figure? Please use sources as references, Thanks.
Have watched it's penny price deteriorate by 1/3. Remember past 2 earnings releases were excellent. It's been a long time since... are we just once again waiting upon a new earnings release ...is that it? Is the SKRRF still in 'run-off' mode? What if anything is fundementally is wrong with SKRRF?