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If I rember correctly, that looks like the site JT built.
I was thinking the same thing, it seems they were able to sell starting in march, I don't think if they are still aroud that they sold during this time frame. It looks like to me that issue has been taken care of.
PRIVATE PLACEMENTS
In February 2004, we completed a private placement with seven investors for 21.5 million shares of our stock at US$0.20 per share or an aggregate amount of US$4.3 million.
On October 28, 2004, we received letters from three of the investors in our February 2004 private placement stating their desire to rescind their purchase of an aggregate of 11,200,000 shares in light of our subsequent receipt of a delisting notice from NASDAQ in March 2004. These letters confirmed oral requests made by these investors earlier
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in 2004. In March 2004, we established a fund of RMB20 million (HK$18,843,000 or US$2,417,000) for investment purposes with Shenzhen International Trust Investment Company, a nationally owned investment company. As a result of the requests from investors, and for the purpose of repaying these investors in the event that our board of directors decided to take such action, the fund of RMB20 million (HK$18,843,000 or US$2,417,000) was set aside into escrow (the "Escrow") pursuant to the terms of a loan agreement dated March 26, 2004 between Shenzhen International Trust Investment Company and a related company of ours, China Merchants DiChain Investment Holdings Ltd. ("China Investment Holdings"). Pursuant to the terms of the loan agreement, the initial duration of the loan was for one (1) year bearing interest of 4.8% per year. All interest earned on the Escrow remains with China Investment Holdings. DiChain Holdings Ltd., the parent and owner of all of the capital stock of China Investment Holdings, agreed to guarantee payment of the Escrow to us should China Investment Holdings fail to repay the Escrow. Based on the advice of counsel, our board of directors believes that it does not have a legal obligation under the placement documents to refund the investors' purchase and at a meeting of the Board held on November 5, 2004, the Board decided to demand repayment of the Escrow as soon as possible. In March 2005, the Escrow was returned to the Company.
On April 5, 2004, the Company raised US$2.1 million in a private placement to one investor, Squadram Limited. We believe we are well positioned to execute our new business strategy
Maybee, MM trying to shake the tree, great time to try to pry this baby from my tight fist, great day to add, that's what I thought.
I think the shorts are covering low, selling on the highs, now.
Well my guess is the bottom's in back up we go
EXCUSE me wtf was that 306,000 wow grab your shix lets go
Please excuse my miss spelling! (Investments)
I agree. At this point why would you want to think of another play, or investements other then where we are now. I'd be so lucky to find something like this in the future. Untill then get ready to back the truck up!
So if he had a hard time just looking at a few Jt posted I wonder how far he got looking up what China watcher sent out, I know I didn't get very far but then again how many times do we get home work assignments from China watcher that just blow your mind, and make you think you should just stick with ETF's, index funds or 401k's and forget the markets and let the big boys play with our money.
You may want to get a hold of pirateofwallst@yahoo.com he has some intersting things going on, his ideas have been here before or even try the best news letter I've come across the cheap investor (847) 697-5699 Or even try looking at MSN's screen page check out their power screens! So far these are all really good places to look. Who's got any posible leads, we all need to have other ideas!
We are all going to need leads to fill the pipe line for when our ship comes in.
When they do get it cleared up, We need to see co news come out, in mho they should wait for it to have broken the 200 ma and at the same point having an up day in the markets. Now if that's not a dream to make you high, what is!
Just look at the RSI Sitting just a .05 below the 50 Yahh BABBY! the numbers look nice today, just keep climbing, speaking of being blind, just buying for a break out I belive is verry close!
At this point it's just negative speculation, and I don't know so I just shouldn't post if I'm being negative and I don't know the facts!
That looks good to me for now, but saving more cash and looking for a volume spike.
I knew it was bad when hogs posted that's what he was saying. but you confirmed I shouldn't post when having a beer or seven. I was trying to support Jt and remind him how ugly this could becoume. I'm not bashing, I just can't imagine the presure Dr. Fran is up against. I belive in these guys, we just have a long road to haul!
At your price point of .01 is where I'll be doubling my position (at least) with no capital, and no risk in my opinion and I'd do it on the ASK all day long with a smile on my face!!! Think of how many houses that could buy. With all that's going on wouldn't you rather be holding a Microsoft, compaired to a Lucent as far as price point is conserend in a couple of years from now? I belive this one is a Microsoft just working out the wrinkles, and it takes time. You know Dr. Fran could be working on some deals, with this extra time, you never know, or what did he have planed when they were comming over to the states? Who is to say what is ahead of us short time, could you stand to see your 100k share count go to 10k?, with a price of around 1.20 (pulled out of the air), or how about a dividend? I really don't see that comming but wouldn't that be GREAT!!! Or could you imagine another name change. Does your head hurt, are you using femail napkins to line your shorts? I'm sure I'm missing several other plays. These are all things Dr Fran is up against. Being on the OTC regulations arn't in place to protect us from the naked shorts, they must be delt with, and I'm thankfull Dr. Fran is taking them head on, In my most humble opinion, in the mean time I do what I do, for my family and FRIENDS even if I'm a ticking Bomb! We all learn to do the best we can with what we we've got. Some one once told me they have been in the markets for over half their life, and this one wasn't for me. I've spent over a year thinking about that, With great respect for my FRIENDS I'm glad I heard this advice, I wish I'd taken it some days, and now some day I hope I can say the same to someone els, I hope they listen, this is where you find what your made of I'm sure you'll amaze your self! I'm proud to be amoung the strong and holding of the CTGLF clan we've been through alot, and can't wait for another day! Saving cash and waiting for my next entry point!
Some Stocks seem to move slowly toward the direction of where they are headed. Then they get ther fast! and cange direction quicker then the up side or down side depended upon which side you're on. Then they find new ground. Where are we going? Look where we've been. That's why newbies get cought, they only see the fast track and get in to late, and get cought you can't be carefull enough! It's easy to look at a chart and say oh I should have done this or that, don't think about it, Just be thankfull your holding the CTGLF bag, you haven't lost anything untill you pull the trigger, and rember who is on the other side, I know I'd love to be the one picking up your shares at deep discout prices just think of how big my smile is going to be.
Just asking which decision was it you made, Fear or Greed?