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Yes Lee. I am nervously patient. haha. Thanks.
Is this chart look good to you?
http://finance.yahoo.com/echarts?s=GURE+...
Yeah. I hope it does mean something good because the stock went up with volume lately.
Here is a copy of it without the heading. I hope it help.
Shandong Haoyuan Industry Group Ltd., a corporation organized under the laws of the People’s Republic of China (“SHIG”), and Ming Yang hereby amend and supplement the Statement on Schedule 13D filed on February 15, 2007 (the “Original Statement”) and collectively with this Amendment No. 1, the “13D Statement”), with respect to the common stock, $0.0005 par value (the “Common Stock”) of Gulf Resources, Inc., a Delaware corporation (the “Issuer”). Except as set forth herein, there has been no material change in the facts set forth in the Original Statement.
Unless otherwise indicated herein, each capitalized term used and not defined herein shall have the meaning ascribed to such term in the Original Statement.
Item 1. Security and Issuer.
Item 1 of the Original Statement is hereby amended in its entirety to read as follows:
This statement relates to the common stock, par value $0.0005 per share (the "Common Stock”), of Gulf Resources, Inc., a Delaware corporation (the “Company”), with its principal executive offices at 99 Wenchang Road, Chenming Industrial Park, Shouguang City, Shandong Province, China 262714.
Item 4. Purpose of Transaction.
Item 4 of the Original Statement is hereby amended and supplemented by adding the following to the end thereof:
On February 20, 2012, SHIG executed an investment letter of intent (“LOI”) with Shandong Ocean Bright Stone Industry Fund Management Co., Ltd., an investment fund based in the People’s Republic of China, regarding a potential investment program in China’s bromine exploitation industry, with the objective of consolidating those investments under SHIG and ultimately seeking a stock exchange listing for SHIG in China. The LOI is highly preliminary and conditional, being subject to, among other things, due diligence and the commitment of definitive funding for potential bromine investments in China. SHIG and Ocean Bright are considering the Issuer as a potential principal component to their strategy of consolidating the bromine industry in China, and, accordingly, as a potential candidate for privatization in order to satisfy the listing requirements for SHIG in China.
In connection with the foregoing, SHIG may initiate and hold negotiations with the Issuer with respect to a potential transaction; however, SHIG cannot determine at this time the length of any negotiations, when and if begun, and whether any negotiations, if begun, will lead to any definitive agreement or transaction.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Original Statement is hereby amended in its entirety to read as follows:
a) SHIG is the beneficial owner of 4,124,733 shares of Common Stock, representing 11.9% of the issued and outstanding shares of Common Stock. Mr. Yang is the record owner of 2,512,200 shares of Common Stock, and given his position and majority share ownership of SHIG, may be deemed to be beneficially own 4,124,733 shares of Common Stock held by SHIG. Accordingly, Mr. Yang may be deemed to be the beneficial owner of 6,636,933 shares of Common Stock.
b) Each of SHIG and Mr. Yang has the shared power to vote and to direct the vote, and the shared power to dispose and to direct the disposition of, 4,124,733 shares of the Common Stock that SHIG owns of record. Mr. Yang has the sole power to vote and direct the vote, and the sole power to dispose and to direct the disposition of, 2,512,200 shares of the Common Stock that he owns of record.
c) Neither SHIG nor Mr. Yang has effected any transactions in the Common Stock in the past 60 days.
Here is some new from GURE.
http://www.sec.gov/Archives/edgar/data/8...
I didn't buy the stock, i sold 2.50 put and forgot to buy back, now i owned more than 10,000 shares.
Thanks Lee. I owned too many shares of GURE and a little worry, with you in the same side made me feel alot better.
Fabian, are you still have GURE?
My thinking is when the stock below 3 people wont able to margin it that made it drift down that low. Now it's above 3 so it will be safer? (i hope).However, i had been wrong before.
The stock price indicates that they are legit.
I just solf 40 JAN 2.50 put at .75, i don't think it will come back that low again.
I missed that too, but i got 2k at 1.90 and sold 20 JAN put at 1.30.
GURE news.
SHANDONG, China, Sept. 20, 2011 /PRNewswire-Asia-FirstCall/ -- Gulf Resources, Inc. (Nasdaq:GURE - News) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company has provided verifications from three local government agencies that validate the Company's market leadership, number of facilities, and 2010 production volume. The management has provided copies of the verifications and translations in a Form 8-K filing.
Shouguang Municipal Association of Bromine Industry has certified that Shouguang City is currently the most important bromine production base in China. Its production capacity is approximately 40% of total production in China. The Bromine Industry also certifies that the Company's subsidiary, Shouguang City Haoyuan Chemical Co., Ltd, ("SCHC") is the largest bromine producer in this city with a total of 9 bromine production facilities and that SCHC produced more than 30,000 tons of bromine in 2010.
Shouguang Municipal Mineral Resources Administration Center has certified that SCHC currently has 9 bromine production facilities and is the largest bromine producer in the city.
Shouguang Municipal Economic and Informatization Bureau of Shandong Province has certified that SCHC has 9 bromine production facilities and is currently the largest bromine producer in Shandong Province and that SCHC's actual production volume for 2010 totalled more than 30,000 tons.
About Gulf Resources, Inc.
Thanks Farther Fred. I hope you are right bc i am 100% invested.
HRBN to be aquired for $24 by Tech full electric, but the price still at mid teen. Something is fishy here IMO.
HRBN two cents above the low of year.
HAP sold 412k shares on 3/22/11
Thanks Maokin, i am in Viet Nam not too far from Japan. I am retired so i won't spend much time in market. Lee, Fabian and Zab understand the market alot better than me so i just follow their picks.
Maokin-I am not that Mike, but i am very please to communicate with you anytime.
Fabian-Yes it is my choice. isn't limit the lost and maximize the gain is the thing to do? I made money on GFRE before, overall this lost won't wipe out the gain i had before. Thanks to you.
Ok Fabian, i understand what you mean, will get my stop in.
I read your post on silver, but i am out of cash at this time, just bought a car here in Saigon Viet Nam.
Thanks so much for your response. I had been follow your stock pick many times before and did very well. My concern is it broke the yearly low, but a couple cigarettes did calm me down.
Thanks Lee, too bad i don't drink.
Fabian-GFRE got killed today. What will you do?
you are right. The volume is too low to have more than 3 serving. Good luck.
Yesterday GFRE hold very strong at 6.84, IMO it is a double bottom and it's a good price to get in.
Maokin, only Fabian can answer your question. I am very new on this game, i am only follow Fabian's stock pick.
bot GFRE second serving at 6.84.
Me too,in GFRE at 7.18. Good luck for both of us
bot GM at $32.90, $.10 below IPO.
VLNC up 11% premarket. EOM
Lee-everyone had a bad day. You are the only one alive i know trade every day and still survive. Dont worry you will recover soonner than you know. Good luck.
Ok Lee. I wont average up then.
Will you buy at this price?
Lee- I wish i could but i am not in States to watch the game. I will be back on Feb to bet on the super bowl.
Fabian-what i am thinking is i will stop out at $18.30 with a profit of $1, but i still hope the deal will go thru and cash in around $24. Gamble with $1 to gain $5 is a good deal IMO, beside i dont know any other stock to get in now. Can you give me some tip?
Fabian-I only paid $17.22 for it so i am not worry. Thanks for the message.