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The slow motion never ending trainwreck. sigh..
Nope, nothing new.
Well Hey folks. Just happened to check the 'ole website. (almost forgot my password.) Just read through the postings, and I have to say the fact that this saga is still going on is @#@#%^% unreal.
Oh, well. It was nice reading through the posts. Will try to check in a little more often. out. Oh, maybe I'll search Simon & Edward, and the SEC for any mention of APWR.
Meh. Hard to tell. Probably old though. I don't mind skimming through such posts now and then though.
Will Spinning Star website be renewed?
We shall see. It expired as of 4/5/15
A Temp CEO.....jeez
Is Shweta long gone? Or maybe this is in addition to her CFO spot.
just plain strange. interesting though.
Nice pictures, but very, very old, I think. Good find though.
Settlement reached between big 4 and SEC regarding working papers. Unclear whether a deal was also reached between CSRC and SEC affecting all US listeds. Anyway, WGAF. Just updating the board. Cheers. oh, the info can be found on chinaaccountingblog, or on the SEC site under news.
looks like the old apowerenergy website is back. But, under domain name lookup, the registration info is different. Maybe they abandoned the site and just switched to the liceg site.
Seems like the administrator would be the best source to answer your question. Let us know what they say. Thanks
Here is a longer version of what I was attempting to summarize.
http://www.chinaaccountingblog.com/weblog/regulatory-impasse.html
Most of what is here can be easily found with a little research, or by going over previous posts on this site, or other sites like the Chinaaccountingblog site. One note I would make is that one of the companies whose working papers were being held as mentioned a while ago in documents and referred to as company D, was China Integrated Energy. wheeew. I know I mentioned that a long while ago. anyhoo. CBEH, China Integrated, did release, I think, 2010 which was being held, but nothing since then and currently, they are in danger of being delisted. They have 21 days to appeal, which has come and gone, so..... I just mention it now to suggest that it and many other US listed companies still seem to be in the same boat along with APWR, but in various stages in the regulatory process. For instance, China biotics came current with financials, but was still delisted a little while ago showing that, in both above cases, producing financials doesn't reset everything for the company and the SEC. The only way out for many of these companies seems to be tied to some sort of agreement at a higher level.
Don't know whether they exist, but they are on the liceg.com website. That site was opened the same time the apower and hi tech sites stopped. The big four administrative proceedings seem to be related to the problem between the csrc and the pcaob. Many US listed working papers were being held for state secret reasons. So once these proceedings are cleared up, that leaves less reasons for many US listed companies to not be reporting. We are also waiting for an auditor oversight agreement between pcaob and China, I think.
It's picture is still on the liceg.com site. Don't know if that means anything or not.
"those who expect nothing are blessed, for they shall not be disappointed."
Re: Big four accounting stuff.
https://www.sec.gov/litigation/admin/2014/34-73838.pdf
another extension- this time, for 70 days. what a bunch of #%#%#.
They do have the nerve to anticipate that this will be the final extension request. Soooo, there may be something to read on Feb. 26, 2015 when an opening brief is due. Don't know if it will mean anything for APWR, and ALLLLLLL the other US listed's and their investors.
That .09 and .07 per share value was based on 41 million outstanding. you have to deduct lu's shares and other shares that are not eligible to participate. Then somehow figure out how long you held each damaged share since that affects how much you get. But it should be more than .07 probably, but its still bs, lol. But other us listed china companies settled for much much less. At least we can stop wondering about it.
found something on law360.com after doing a search for apwr settlement. http://www.law360.com/companies/a-power-energy-generation-systems/dockets
don't know if the link works. looks like the distribution was done on 10/24 I think. Need trial membership to get all the details. I didn't bother.
Order | Filed: October 24, 2014 | Entered: October 24, 2014 In Re A-Power Energy Generation Systems Ltd Securities Litigation
Securities/Commodities | California Central
Distribution of Funds
AMENDED ORDER FOR DISTRIBUTION OF CLASS SETTLEMENT FUNDS AND PAYMENT OF ADMINISTRATIVE FEES AND EXPENSES by Judge George H. Wu: IS HEREBY ORDERED THAT: 1. The Claims Administrator, Kurtzman Carson Consultants LLC (KCC), shall be paid $200,000.00 from the Settlement Fund for fees and expenses incurred for services rendered in connection with the administration of theSettlement as detailed in Exhibit G to the Declaration of Markham Sherwood (pj)
Response | Filed: October 24, 2014 | Entered: October 24, 2014 In Re A-Power Energy Generation Systems Ltd Securities Litigation
Securities/Commodities | California Central
Amendment (Motion related)
Amendment to MOTION for Disbursement of Funds Settlement 124 Amended [Proposed] Order for Distribution of Class Settlement Funds and Payment of Administrative Fees and Expenses filed by Plaintiff A Power Investor Group. (Kruse, Joy)
maybe the greedy lawyers are trying to get more....
I don't know if they can do that without up to date financials. If so, we have to look at the timing of this announcement, and their promise to provide up to date financials in the first quarter of 2015 (not by the first qtr. of 2015). Maybe they plan to try to buy shares immediately after the updated financials are released?!? sounds questionable. Remember, the SEC has still revoked other companies like china biotics even after they came current with financials. Who is to say they won't still revoke ABAT because of so much time without financials? What a bunch of bs.
Maybe into March 2015, Accountingwise.
http://www.sec.gov/litigation/admin/2014/34-73408.pdf
This extension order on the ruling against the big four shows the latest news on the ban against auditors of US listed Chinese companies. I remember seeing articles stating that China based companies listed on US exchanges would not be able to find auditors if there was no agreement between US and Chinese regulators. And, the process against the big four auditors by the SEC is part of the whole mess, I think. None of this may be related to APWR, but when looking at all of the US listed Chinese companies, including APWR, and the audit oversight regulation issues between China and the US, it seems reasonable to keep track of the big four and the SEC. I'm also wondering (out loud now) why the APWR settlement payout is still with the Judge, and whether it is connected to anything else like APWR's relisting? haha, or other factors, like above extension order, or whatever.
Yeah, Mike. Been watching abat on and off over several years now. wonder how it will turn out. Many years ago, if i'm not mistaken, when csgh was trading for fractions of a penny I used to trade it for kicks. If I'm thinking of the same company, I thought they had something to do with copper? But I never trusted them to hold for more than a few days. Felt like there was nepotism going on, and maybe other stuff. Never bothered to dig too deep since it was a penny stock. But that was almost ten years ago seems like. been watching cbeh also. they have been trying to file periodically to come current. But I don't think it will make a difference with the SEC. Still feel like no one has any real idea what's going on between China and the US. The reverse merger stuff may be just a small part, and we are negligible collateral damage.
Looks like no other changes for the moment.
S&E website the same. No changes in the land records site. etc.
let's say for now the warrant reactivation thing is new. that just leaves the warrants and the liceg website as the only changes. And the lack of changes from other China reverse mergers I have been watching. deee da deee deee. 'bout time for that payout.
Who are those guys on the liceg.com website picture number five
in front of the a-power building? And how recent is the picture of the building? any guesses??????
says reactivated on www.otcmarkets.com
http://www.otcmarkets.com/market-activity/deleted-symbols?search=apwxf&searchType=symbol
maybe its old info??
http://www.dtcc.com/~/media/Files/pdf/2012/7/18/OTC-137.ashx
who knows.
yeah interesting. it's got Tesco and the turbine factory (somewhat empty) with a couple of turbines. I didn't know it had been down. Just to update, APWR, and GAOKE websites have been down since June, and Japan Evatech was down as of a few days ago when I checked it. The last change to the Evatech site was the different President. I wonder if one of the LICEG pictures is the oak bay project. Oh well, nice pictures.
Have you tried posting on Yahoo?
We know what we think, and that's good enough for us. You want to know what we think? Try using an alias older than a few days. I suspect you have several. hahahhaha.
So, you created this alias just to make this one post? hinky
Interesting.
yes, at least its a new development. Funny no change in the texas land records. so maybe this is a really long limbo.
Check out this guy William. Really sad.
http://greenstockscentral.com/good-night-a-power-energy-apwr-4170.html
Maybe a different Lu Jinxiang???
Chinese visitor dies while snorkeling in Malaysia
eTN Friday 2nd May, 2014
KOTA KINABALU, Malaysia - A 64-year-old Chinese tourist believed to be suffering from high blood pressure died while snorkeling at the Mamutik Island. Ke Aihua's husband, Lu Jinxiang, 63, found her face down and motionless at about noon on Tuesday, when she was out snorkeling near the beach. Sabah Police Commissioner Datuk Hamza Taib said Lu had called out to his wife at about 11.50am, and went to her aid when she did not respond. "He found her face down and motionless," he said, adding that Ke had worn a life jacket. Lu then sought help from the lifeguards nearby and tried CPR on her but ...
I'm not sure of his wife's name. I searched a little but didn't find it.
While i'm at it, posting here. I want to mention that I pulled up the Evatech website and noticed that I think there is a different president now. The website looks like it hasn't changed in years, but i'm pretty sure the name of the president is different. The last one, I think began with an E. But i'm not going to go crazy trying to remember it. Maybe it's nothing, maybe it's something. We shall see. ps. That's it. Eiji Ino was the last person. I remember he had filed a few patents. Maybe on behalf of Evatech. Out.
So Folks. When I checked yesterday, the A-Power website was down with a http 400 bad request message. As of today, both A-Power, and Liaoning Gaoke sites are down. They have been down before, so I don't want to make too much of it. All I can do is speculate. Wouldn't it be great if new modern websites popped up? And, all the financials were brought up to date? And, and, and........and... Awww #$@#%. @#%@ it all to @#%@#. Lol :)
from accountant job description:
1, which is responsible for handling and resolving independent work;
2???????????????????????????????; 2, in accordance with the requirements of companies and government departments and timely preparation of various financial statements submitted to the relevant departments;
3?????????????????????; 3, responsible for reimbursement of the cost of the audit staff, the preparation and registration certificate accounts;
4???????????????? 4, preparation, analysis and verification of tax-related issues
yeah, I don't know if they are working towards US filings. Maybe it is in regard to filings with Chinese govt entities. who knows. But nice to see movement from the company and research posts from our motley group.
yo peeps. nothing new I guess. all is quiet.
there is a blurb on 2010 wtw 14606 oe. it looks a little different.
Just remembered. During a search, that bvi case came up again. The one where they want you to pay a lot of money to see the document. somehow a little more info came up. It made reference to the bvi insolvency act of 2003. t'is what t'is. bluuuuggghh.
Got a deficiency letter a few days back dated 3/28. They needed a bit more info for the 6 months after the end of the class action period. Didn't think that mattered. They gave like 20 days to respond, so, I'm just posting to say that I guess the response they gave to chi about the timetable is still accurate. Cheers
Yeah, why would you require a guarantee worth more than a company's whole business if planning to be fair partners?
Does APWR have any previously undisclosed VIE relationships
that might explain some of the issues with its business and its financials? I have wondered about this for some time. Most China companies listed abroad with most operations in China seem to have this kind of structure. I am just wondering out loud at this point, but I saw something interesting about how companies plan to deal with the transfer of funds from the (China) operating unit to the head company abroad. China has issues with transferring money offshore. People have been trying all kinds of ways to do this. If you are interested in this line of thought, here is the post: http://www.chinaaccountingblog.com/weblog/deferred-taxes-and-vies-2.html
But the part that caught my eye is: 'I understand a proposed idea is that the company will set up a new VIE, and then transfer the operating assets of the old VIE to the new VIE. Then the old VIE would be sold to the WFOE and then liquidated. That would move all the cash to the WFOE.' and there is another part that addresses the low value of the transfer, like in gaoke's case maybe. 'The second big assumption is that the old VIE can then be transferred by the VIE shareholder to the WFOE without triggering a capital gain to the old VIE shareholder. The only way this can be done is if the VIE shares are sold for cost, or less. In Ikang’s case, the retained earnings of the VIE are $8 million, which is the amount of cash that must be extracted. So if the cost basis of the VIE shares are $8 million or more this transfer would not result in any gain. I will bet dollars to donuts that the cost basis is near zero. So the shares have to be valued at less than the cash in the company...'