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Ecomike or Dingo,
Are we now authorized to rant about the company? I was threatened by ECO Maniac that i would be removed when I as ranting.
I am hoping LU is fully punished by the extent of the law. I KNEW he would end up in jail and I was right. I hope for further punishment.
50 cent spreads and the buys are still coming in. I think its forced buys. This is crazy.
Any opinion as to whether this run is related to basic buying or shorts being forced to cover?
"I guess that comes to roughly 90 million in revenue per year".
I doubt it. Most of that 180 million is likely real estate and material. APWR is the construction company and will charge for construction services. 10% mabye? Maybe APWR could book 10% of 180 million or 18 million in 2 years? Very different from 180 million. Love your optimism though.. as always :)
I agree with his conclusion: this paper suggests that the such corporations actually experience greater transparency as a result of multiple reporting regimes and requirements. One result of this greater transparency is that such corporations can find themselves more accountable and subject to greater and more consistent disclosure than otherwise. Greater transparency yields greater integrity, and, I conclude, greater integrity is a mark of good corporate citizenship.
My take: Multiple reporting regimes and requirements give the investor more information and that is what we need so we don't lose our investments in these companies by these companies lying or going dark.
Thanks Dingo.
Great work. Do these guys have profiles? Sweta has a nice one. I am not able to see anything on the rest of the group. I do find it odd we have 1 person representing each country but nothing else.
Either way could be nice evidence the company is executing business internationally.
Nuff Said? Nah yet. Once they start reporting I will be convinced.
Found a new website for the Front page. Cheers mates!
http://special.zhaopin.com/sy/2010/sljt121316/index_yw.htm
Interesting volume in addition to the odd print.
Agree with you Boardname about needing news.
What we need is a financial report. ONP reports. I don't know what LU is up too and why he will not report and why he didn't allow the auditor access to the books. Any ideas?
Dingo,
what does a Developer do in this business?
Thanks
Even found Liaoning Hi-Tech Energy Real Estate Group. Yes in real estate as well.
Agree.. this is a positive indicator that implies there is some business there.
I thank Dingo for this information.
Assuming the last EPS report was .37 and assuming that is was honest accounting there is a chance the company could be operating at that rate today. If so, we should be trading at a PE of 1 or 2 like some of the other china shells. That would be .37 to .74 a share. Thats a hefty profit from here.
No I am not providing deceptive one-side argument.
Its the current situation.
Its keeping it real.
I own 18,000 shares bought with my savings account. Why?
1. Maybe they will come out of the dark.
2. Maybe they honestly reported the business back in 2010.
3. Maybe they will follow the market rules and US accounting.
4. Maybe they will issue a dividend someday to attract investors.
5. Maybe they can stay listed in some market.
What do I think will happen? I think we will never hear from the company again and I am out of $1,500.
Huge risks justify the price on these stocks in my mind.
Risk
1. They may never issue a PR again.
2. They could have lied about financials since they didn't provide the information the auditors asked for.
3. US regulators are on a path to stop the stock from trading in US markets. I read this probability is about 80%.
Scary stuff.
Nice find. I wonder if this guy will be working for APWR and all of its entities or just for Liaoning Hi-Tech?
Will APWR need a separate CFO? Very messy these china shell companies.
Most important for accepting the 3 million and not to pursue furhter
"It is therefore entirely possible that even if Lead Plaintiff were able to secure a judgment against Defendants, it might ultimately recover nothing and the Class would receive no compensation from the litigation. The Settlement, in contrast, provides a certain, substantial, and quick recovery for the Class".
In other words, take what you can. APWR and CHINA will be protected and will not provide the documents. Sounds like the same issue the auditors had with APWR and thats what created the mess! APWR is not complying!
I am also reading. The reason they "settled" is obvious.
"Lead Plaintiff believes that it would be difficult or impossible to collect any judgment it might obtain against Defendants. Defendant A-Power is located in China, a majority of the Individual Defendants reside in China, and it is Lead Counsel’s understanding that A-Power has substantially all of its assets in China and virtually no assets in the U.S. that could be seized to satisfy a judgment. Therefore, any judgment would have to be enforced in China, but it would be essentially impossible to do so.
APWR is free to release earnings statements. There is no entity preventing them from doing so. Your post is implying this.
BTW look at ONP. They have been releasing financials during the course of the class action and in fact even distribute a dividend. APWR has chosen to remain dark and has chosen to stop communication to shareholders and the public. Lets keep things in perspective.
Good Luck