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NOEC
http://www.sec.gov/Archives/edgar/data/1312547/000135445711000131/noecdelistreason.txt
Delisting Determination,The Nasdaq Stock Market, LLC,
June 3, 2011, New Oriental Energy & Chemical Corp. The Nasdaq Stock
Market, Inc. (the Exchange) has determined to remove
from listing the common stock of New Oriental Energy & Chemical
Corp. (the Company), effective at the opening of the trading
session on June 13, 2011. Based on review of information
provided by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
pursuant to Listing Rule 5550(b)(1). The Company was
notified of the Staffs determination on September 10, 2010.
The Company appealed the determination to a Hearing Panel.
Upon review of the information provided by the Company,
the Panel issed a decision dated December 14, 2010, granting
the Company continued listing because it had regained
compliance with 5550(b)(1), but putting the Company on a
Panel Monitor through December 15, 2011, to ensure continued
compliance. On March 11, 2011, staff notified the Company that its
failure to pay fees was an additional basis for delisting
pursuant to Listing Rule 5250(f), and gave the Company
an opportunity to seek review with the Panel. However, the Company
did not seek a review with the Panel within the applicable
time frame. On March 22, 2011, the Panel issued a final
delisting determination and notified the Company that trading
in the Companys securities would be suspended on March 23, 2011.
The Company did not request a review of the Panels decision
by the Nasdaq Listing and Hearing Review Council. The
Listing Council did not call the matter for review.
The Panels Determination to delist the Company became
final on May 6, 2011.
NOEC paid "outstanding fees". Do you know from what date they were outstanding?
03
Looks like the split is going to happen on Monday. the 2 fer 1 after already doing a 100 fer seems rather silly. Could this be a subber in the making? It would not surprise me either way. Time will tell.
Regards,
03
Your post concerning CNYC should be a sticky. Who knows, maybe this stock will surprise you(sp-wise)sooner than you think. But one never knows. It could be next year. It could be 2015. Guess we'll just have to wait it out. If someone from the company or an affiliate says something its going to happen this week (or next week), you may want to consider tacking on a few extra weeks, months, or even years for it to happen. That way, one will not be too disappointed. IMO, of course :)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66548532&txt2find=year
Over,
03
IMO, the valuation is 0.19 to 0.25/share at the moment.
TSX listing was a non event.
Who knows when the assay results will be relayed to shareholders. And when they do get relayed, it may not be anything to get excited about.
IMO, BM should just tell everyone to stay tuned to prs and 8-k's for information. That way, ALL will be served.
Risk:
This company has a high risk of business failure.
This message does not imply that nothing good will come of the sp and the company.
Regards
03
Amazing that this company is still public. I wonder if they will ever pull something out of their hat that will have an impact on the sp....sometime this decade.
03
CNYC may always be due some news. But that does not mean it will happen right away. And, if there is news, that does not necessarily mean it will have an impact on the sp. Hopefully, when/if there is news, it will not be bad news. Time will tell.
03
Copper futures falling off a cliff for the month of September. Hope it does not continue.
03
CNYC A/S=131,666,666 per 10K
03
CNYC 10K is out :)
METALS-Copper slips, China import data caps falls
Wed Sep 28, 2011 2:27pm GMT
Print | Single Page[-] Text [+]
* Eyes on Chinese copper imports
* Western world demand worries linger
* More volatility on the cards as quarter-end looms
By Pratima Desai
LONDON, Sept 28 (Reuters) - Copper fell on Wednesday as lingering worries
about economic growth in the western world hit sentiment, but expectations of
strong demand from top consumer China helped cap further losses.
Benchmark copper on the London Metal Exchange was fell to $7,345 a
tonne by 1407 GMT, down from $7,594 a tonne at the close on Tuesday.
The metal used in power and construction plunged to a 14-month low of $6,800
a tonne on Monday as panic selling on fears of Greek default and the euro zone
crisis accelerated.
Markets on Wednesday focused on international auditors heading for Athens,
to inspect the Greek governments' austerity plan, while a German suggestion that
a new bailout may be renegotiated caused much consternation.
Adding pressure to the metals price was a rise in the strength of the dollar
against a basket of currencies. A stronger dollar makes commodities priced in
the U.S. unit more expensive for holders of other currencies.
In a positive sign for demand, China's imports of refined copper surged 21.2
percent to 235,509 tonnes in August compared with the previous month to reach
their highest level since January.
"We have seen China absent from the copper market for large periods of time
this year. Since we had this dramatic price fall, we expect to see some
restocking to happen in China over the next few months," said Caroline Bain,
economist at the Economist Intelligence Unit.
China accounts for about 40 percent of global demand estimated at around 19
million tonnes this year, western Europe consumes about 15 percent and the
United States 10 percent.
The global metals industry gathers next week in London for events organised
around the London Metal Exchange's (LME) annual dinner, which takes place on
October 4.
Analysts hope then to gauge the robustness of demand and to what extent the
financial crisis is feeding through to real economic activity.
WINDOW DRESSING
Traders and analysts think volatility will be a feature of the market until
Friday, which marks the end of the month and quarter.
"Window dressing (an attempt to make investments look better) is inevitable
and there will be an element of clearing the decks ahead of the fourth quarter,"
a trader said. "There are a lot of people nursing some quite large losses."
Clearing the decks is a reference to position squaring.
Copper is down some 30 percent since hitting a record high of $10,190 a
tonne on February 15, as investors piled into the metal on expectations of a
supply shortage this year and next.
But that now looks unlikely.
"Commodity markets continue to face immediate challenges," Credit Suisse
said in a note. "Given the evident economic slowdown ... the environment looks
set to remain difficult. As a result, the tactical outlook for commodities is
neutral."
Citigroup warned in a note that unless there was meaningful policy stimulus
out of Europe or the United States or a global growth turnaround, commodity
markets were unlikely to rally for the time being with any sort of bullish
conviction.
Three-month aluminium traded at $2,249.54 a tonne from $2,245 on
Tuesday, zinc at 1,949 from $1,972 and lead at $2,013 from
$2,025.
Tin traded at $21,150 a tonne from $21,795 and nickel traded
at $18,601 a tonne from $18,955.
Metal Prices at 1406 GMT
Comex copper in cents/lb, LME prices in $/T and SHFE prices in
yuan/T
Metal Last Change Pct Move End 2010 Ytd Pct
move
COMEX Cu 334.00 -9.05 -2.64 444.70 -24.89
LME Alum 2246.50 1.50 +0.07 2470.00 -9.05
LME Cu 7346.75 -247.25 -3.26 9600.00 -23.47
LME Lead 2013.25 -11.75 -0.58 2550.00 -21.05
LME Nickel 18601.00 -354.00 -1.87 24750.00 -24.84
LME Tin 21005.00 -790.00 -3.62 26900.00 -21.91
LME Zinc 1950.25 -21.75 -1.10 2454.00 -20.53
SHFE Alu 16595.00 65.00 +0.39 16840.00 -1.45
SHFE Cu* 55170.00 130.00 +0.24 71850.00 -23.22
SHFE Zin 15005.00 30.00 +0.20 19475.00 -22.95
** Benchmark month for COMEX copper
* 3rd contract month for SHFE AL, CU and ZN
SHFE ZN began trading on 26/3/07© Thomson Reuters 2011 All rights reserved
http://af.reuters.com/article/metalsNews/idAFL5E7KS3LB20110928
Copper futures are up :) Hopefully CNYC will be too.....someday.
Regards,
03
Interesting....and contradicting to the lastest filing the company (CNYC) has put out. This is what they should have told you if indeed you did talk to them:
http://www.sec.gov/Archives/edgar/data/1112706/000106299311003251/forms1.htm
"If the price of base and precious metals declines, our financial condition and ability to obtain future financings will be impaired."
Note: Italics and Bold are mime.
If the company is telling people individually that there will be no problem getting financing, then the company should put out that new information in a filing imo. Otherwise, it could be contrued at inside info and should be reported to the sec and/or the TSX.
Please note: I am not saying that management of the company is or has giving out inside info.
Regards,
03
mrgoodtrade,
If base and precious metals decline, the company(CNYC management) told you that obtaining financing will still not be a problem?
Regards,
03
Copper futures prices continue to drop. Hope this does not affect CNYC with future financing.
03
Copper futures getting pounded today.
03
SPJ,
Did you notice HDSN was .25 for 180K shares for a moment?
I saw ETMM with 200K @ .25 ask not too long ago too.
It will be interesting to see if more shares go off at .25 in the near term.
Regards,
03
CNYC was down again today. The way the markets have been, it seems possible that cnyc could drift down a little further. I hope that is not the case.
Regards,
03
SPJ,
I respect your views and feelings concerning CNYC and wish you success. There is definitely, as the company has stated, risk to an investment in this stock. But I agree there can also be rewards.
Regards,
03
Copper is down again today. CNYC ask is below the last closing price. Hopefully, the assay will be positive for investors and be reflected in an increasing sp. Of course, as the tsx listing was an example, there is no guarantee there will be any appreciable sustained gains from the assay. Time will be the revealer.
Regards,
03
news could be considered negative from cnyc if assay results are not favorable. Of course, there is the flip side.
Regards,
03
Copper is down today while CNYC is stagnant. It is quite possible this could be a long wait for any substantial sp movement.
Just an opinion and not a prediction.
Regards,
03
For sure. And I hope it goes even lower. If the share price stays stagnant until the end of the year for CNYC, maybe there will be a chance to buy some real cheap shares from tax loss selling :)
Regards,
03
Copper is up today. Unfortunately, CNYC is down atm.
03
Selling going on. This is not a steal for some IMO.
Regards,
03
Interesting trading day.
03
Seem to me that there is going to be a ton of shares outstanding. Hopefully they will reduce it by canceling some shares.
03
According to their filings. They plan on doing a 2-1 split. But I have not seen it on the list yet.
03
Looks like they did a 100-1 split.
03
Please post the proof of your claim.
Thanks in advance,
03
It doesn't appear to me that this week was good for CNYC. Looks like more stagnation with respect to sp and liquidity imo.
Regards,
03
I cannot say this company is a scam. But I will say there are certainly risks related to an investment in CNYC. It would be nice see the risks communicated (edit)in more posts.
Regards,
03
I personally have heard the "next week" statement a few times on this board concerning CNYC. While next week could be good, it could also be stagnant. Time will be the revealer.
Regards,
03
I think SARA could have had some better upside potential if the price of oil would have stayed above $100. I was with SARA since an avg of .21 (never bought over .30). Sold all 160K shares around the $5 area. I thought the price of oil would go higher short term. So, since I thought that, I figured I'd be wrong. So I sold. And I was right....or was I wrong. LOL. Maybe I'll get lucky and it will drop back to the $3 range and I may pick it up again. But it may not do that. Time will tell. Good luck all.
Regards,
03
There are certainly risks related to an investment in CNYC. And your post was one of the best ones lately. Thanks.
03
Looks like copper is in a steep decline for the last few trading sessions. It could be possible that CNYC might trend down and be stagnant for a while. Anything is possible though. Time will tell.
Regards,
03
I see PERT on the ask at .30 for 20K.
Regards,
03
CADV sp is still stagnant. Only being pumped by one entity that I've been able to see.
Over,
03
No,
It does not make a difference. I'd rather see them on the NAS or NYSE. But they do not qualify for those 2 exchanges. I don't think they would even qualify for the AMEX currently.
Over,
03
Glad the BCSC is on top of things to keep CNYC in compliance. As for the website: you should not rely on any information except for general knowledge about the company. The SEC filings are the best source imo. In filings with the SEC, it says they have "no mineral reserves." Does it say that on the website?
Regards,
03