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I am concerned about the RS. That's the main reason I sold. We also don't know how they plan to produce their revenues or remain sustainable to large degree.
If a PR were possible it would have happened while halted to get back at the naked shorts. That one did not happen premarket or very early signaled to me that this was a total sell.
Regrettably what many had anticipated from the company never came to fruition. It's tough being the CEO of a company riddled with accusations (some valid, some fabricated) when Ping Luo can't speak for you any more.
-Andrew
I may get back in.
CBBD - China Broadband Inc (OTCBB)
Date Open High Low Last Change Volume % Change
05/19/11 0.1150 0.1220 0.1150 0.1220 +0.0030 291850 +2.52%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 1361830
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 835318
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 33% - Buy
100-Day Average Volume - 971961
Overall Average: 88% - Buy
@cfgjr - I have a dream that the US and China sign a retroactive extradition treaty granting the US jurisdiction to charge and try Chinese mass-fraud-feasors for defrauding Americans of an amount greater than, say 10MM, even if the accused committed the acts on Chinese soil.
-Andrew
Makes you wonder if Cheng sold without filing in the 20's. Then went short himself or had puts.
CCME - Why so low -- > The utter lack of any positive statement today premarket. Not one positive thing to say about his own company. Some news was anticipated by longs throughout the halt. Proves the halt did nothing positive for longs. CCME could not get its act together enough to issue one positive fact today. How is that? Could not even post a video of its advertisements on the ccme.tv website or name a recent customer. Nothing. A promise to appeal? That's illusory. Add that in with the current sentiment about China, YHOO/Alibaba, RTOs. Could not even name another Director. Why should anyone believe the Chairman has any good intentions whatsoever? That's ultimately why I sold 100% today at 3.85. Nothing positive despite all of this wait and all that time. Not even just after the open.
-Andrew
CCME- Watching CCME is like watching a factory from 100 yards away.
CCME. Just got confirmation that I'm out at $3.85. It's been a pleasure everyone. GLTA.
"company provides an update"? Odds are low.
No Dipstick. And I give little regard to the hitpiece fabricators and shortside manipulators either. 10b5 end of story.
Cheng sends his regards in his non-statement. Cheng has no regard.
Tell me one thing about the entire CCME experience that is not suspicious? If it weren't suspicious, it wouldn't be CCME.
-Andrew
http://www.otcbb.com/asp/quote_module.asp?qm_page=29777&symbol=ccme
Data just skewed. Where online do you see the data?
-Andrew
3.500.00 ( 0.00%) Real-Time OTC-BBO 3.80 x 3.85 (1 x 1) Trade Time 8:34 AM ET
Top of iBox updated just a bit. Looks like this is going to trade today. Good luck all.
BTW, we are #2 Board on iHub so far today. 2 China MediaExpress Holdings, Inc. (CCME) 41,304
-Andrew
Why hire Piper and PWC if things are bad? The argument would go that hiring Piper was to make the Independent Directors appear as though they were exercising their fiduciary responsibilities to protect the company and also to lessen their appearance of complicity. Hiring experts in legal and accounting fields helps build the defense of Yingshou Huang, and George, Ronghong Zhou were independent. Never mind who paid. It shows an appearance of intent to protect shareholders and the company once noticed of the DTT resignation. For all we know, an insurance provider that covers these two Directors recommended an investigation like the one announced in order to decrease likelihood of success of a claim against these two personally.
That said, until CCME trading opens under whatever symbol, and we have what information, if any, may then be provided, who knows what the real story is? Facts can change really quick. Takes just one PR.
-Andrew
Status is still "halted".
That bogus so-called article did not go over any newswires. If anything it was stunted from confusing or tricking anyone by its removal here.
Here is the otcbb listing statement in non-text format: http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=NON-OTCBB&d=05/18/2011
The timing without a notice is odd. Expect some announcement of the appeal denial or refusal to allow any further extension or something to this effect, if CCME does start trading.
-Andrew
CCME iHub board hit 70,000 on Wednesday. If this trades, reads will be through the roof.
By the same token if this trades without news we'll see 25,000,000 shares trade. If we get something positive, well see 50,000,000 shares trade.
-Andrew
Dipstick at this time no one knows the symbol for sure if indeed one has been assigned. Such is not presently public if assigned at all.
-Andrew
10 bagger, you speak generally. Kindly be specific. -Andrew
ccme.pk = Careercom
http://www.google.com/finance?q=PINK:CCME
Dipstick, there's a limit. GMAB. We have no more information about CCME operations than yesterday or a month ago.
The hitpieces were full of fabrications and half-truths. The writers could have been 100% honest and avoided the appearance of impropriety. The SEC should fully investigate the positions of the hitpiece authors and their associates in advance of publication in light of Rule 10-b-5.
That said, the main focus for now is on the possible trading of CCME if indeed it is delisted.
-Andrew
The answer to your first question is critical.
-Andrew
1. was this addition today to otc by any chance as a result of the NASDAQ notice of Delist back in April and that they are just following procedure and being prepared?
CCME - what will be the open and trading range. Predictions?
CCME - see the board: http://investorshub.advfn.com/boards/board.aspx?board_id=16418
CCME: Change of halt status indicated below:
05/18/2011 13:05:25|A||CCME||China MediaExpress Holdings, Inc. Common Stock|05/19/2011|From Q (CCME)**|||u|Y|100|Y
Source: http://www.otcbb.com/dailylist/txthistory/BB05182011.txt
However: It still shows no change on the NASDAQ halt list: http://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts
All thoughts welcome.
-Andrew
CBBD - hit .12 -Andrew
China/ DTT: Anyone ever get to thinking that someone or multiple parties at DTT knew of its lax standards across the spectrum of RTOs and that such confederates also whispered that information to traders?
-Andrew
GDHI - California Grapes to merge. Don't follow this one but it's getting some attention today so here is one post with news:
China Food Services, Corp. Signs Letter of Intent for Merger
Golden Dragon Holdin (USOTC:GDHI)
Intraday Stock Chart
Today : Wednesday 18 May 2011
China Food Services, Corp. (PINKSHEETS: GDHI) today announces that it has signed a letter of intent "LOI" for a merger with California Grapes International, Inc (CGI).
CGI is an innovator in international wine sales and distribution. The Company has developed the process to achieve the ultimate in a "Value Added" sales and distribution model by providing direct retail, strategic account management, wholesale distribution partners, comprehensive marketing programs and wine education. By focusing on international markets, CGI has identified and developed the necessary marketing, operations and sales support mechanisms to help domestic wineries realize the opportunity of international sales. The current business model of most distribution does not provide for an effective approach to presenting their products beyond a direct sale of a wineries' tasting room. CGI offers an approach for the winery of providing the true value of their wine to the buyer. www.cagrapes.com
Jeffrey Crittenden, President of California Grapes International, stated, "After significantly growing our business over the past few years, we strongly believe that this merger will provide us the instant access to the Chinese market via the licensing, permits, distribution and market know-how that China Food Services has acquired during the past few years. Their experience and knowledge in the Chinese market will help make us the largest exclusive distributors of California wines in China."
In conclusion Frank Yglesias, CEO of China Foods Services, Corp., stated, "I am excited about the opportunity that the potential merger with California Grapes International represents to help take GDHI to the next level. This merger offers the opportunity to bring added value to our loyal shareholders and I look forward providing an update on our progress in the very near future."
While there can be no assurances that a definitive agreement will be reached, the companies expect to finalize a definitive agreement this quarter, subject to the approval of the respective Boards of Directors.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
For more information, please contact:
China Food Services, Corp.
USA Office: +1-888-889-8185
USA Fax: +1-888-263-4332
China Office: +86-10-87764741
China Fax: +86-10-87764742
Email Contact
All but five of the known Institutions have now reported. (there could still be a newly initiated position for a straggler).
Here the top 15 reported 3/31/11 snapshot of institutional positions including bigger names like Vanguard, Goldman Sachs, and D.E. Shaw (In position size order):
C V STARR & CO INC 3/31/2011 3,045,455 0 0.00% $36,180
VANGUARD GROUP INC 3/31/2011 1,598,735 986,830 161.27% $18,993
D. E. SHAW & CO., IN... 3/31/2011 609,079 (318,967) (34.37%) $7,236
GOLDMAN SACHS GROUP ... 3/31/2011 423,989 347,145 451.75% $5,037
BARCLAYS PLC 3/31/2011 274,745 182,009 196.27% $3,264
ARTIS CAPITAL MANAGE... 3/31/2011 265,100 214,200 420.83% $3,149
CALIFORNIA PUBLIC EM... 3/31/2011 174,400 25,600 17.20% $2,072
CREDIT SUISSE AG/ 3/31/2011 153,166 153,166 New $1,820
CAPITAL GUARDIAN TRU... 3/31/2011 151,673 0 0.00% $1,802
BBT CAPITAL MANAGEME... 3/31/2011 150,000 150,000 New $1,782
OXFORD ASSET MANAGEM... 3/31/2011 141,422 (251,625) (64.02%) $1,680
COMMERZBANK AKTIENGE... 3/31/2011 134,811 134,811 New $1,602
BANK OF AMERICA CORP... 3/31/2011 127,001 82,547 185.69% $1,509
ALPHABET MANAGEMENT,... 3/31/2011 122,300 122,300 New $1,453
QUANTITATIVE INVESTM... 3/31/2011 82,600 82,600 New $981
______________
Still waiting on five more to report (they all have relatively smaller positions:
US BANCORP \DE\ 12/31/2010 1,700 1,700 New $20
TRELLUS MANAGEMENT C... 12/31/2010 0 (20,000) Sold Out $0
STAFFORD ASSET MANAG... 12/31/2010 22,684 (76,921) (77.23%) $269
DIVERSIFIED TRUST CO 12/31/2010 1,000 0 0.00% $12
AAD CAPITAL MANAGEME... 12/31/2010 0 (90,000) Sold Out $0
-Andrew
CBBD - hit .11. Am I a genius for selling at 8.5 if I bought at 4 five months earlier? Maybe, maybe not... One charter says it "Moved Above Upper Keltner Channel - ABIO, BEAT, CBBD, CECE, CISG" in the last day. They are making a move to get more value for RS which could be 200:1 (why I had sold).
-Andrew
SD:
I know you weren't implying that. Just clarifying to prevent possible misunderstanding.
-Andrew
Rich, true, they have not been timely with information. This could mean that DPA Piper was on the case perhaps even with the aid of PWC for some days even before May 2, 2011.
-Andrew
Raijin: I'll let WCTBILLS and FloridaHockeyMan discuss the objective or subjective meaning of their respectively mentioned dates. I'm not even calling them inflection points. All I'm doing is noting today's date, the recent passage of some time without incident, and the short span between now and these potential mini-milestones. It's kinda like counting Reg SHO days. Anything can happen along the way.
-Andrew
If there's a jinx, it's in the system already and goes by the name of Zheng Cheng.
Today, May 17, 2011, it's now been over two weeks, 15 days, without notice of resignation or notice of withdrawal since the Independent Directors announced retainer of DLA Piper who then retained PWC; that news release was on May 2, 2011. There's been no statement of uncooperativeness or withdrawal so far.
Just four more days to the WCTBILLS glimmer of optimism initiation date of May 21, 2011 (a Saturday), and 13 more days until Memorial Day (a milestone where FloridaHockeyman's sentiment might begin to shift).
-Andrew
SD: I've been in contact with Fi for quite some time and am reasonably sure he's a shareholder, and for that matter a good guy. He's not here spreading FUD or anything like that. The explanation for his decision to not go up into the building and for the missing piece of his post very likely lies elsewhere. Both may be explained by time constraints.
-Andrew
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