Saturday, January 16, 2010 11:06:37 PM
If you were one of our readers who grabbed some GDHI on Friday you had the chance to make 109% profit. GDHI opened up at .0014 and closed .0023. We actually were able to grab some in the AM, as we had our orders over the ask. The volume poured in all day and the price reacted accordingly. By the day’s end was 580M shares traded. This is huge money for GDHI.
Not only did GDHI – Golden Dragon Holdings close up 109% on a holiday weekend but it released some amazing news! They released “Golden Dragon Holdings, Inc. Notice of Retirement of 1 Billion Shares of Common Stock”This is some huge news to release. Especially after over half a billion shares traded Friday, It looks to us that GDHI is know done raising capital and is ready to move forward and bring shareholder value back to the company and reward all the long term Golden Dragon Holders.
As always watch L2 and play the momentum!
BEIJING, Jan. 15 /PRNewswire-FirstCall/ — Golden Dragon Holdings, Inc. (Other OTC: GDHI – News) http://www.gdfbhk.com an international food and beverage distributor, today announced that during the yearend Board of Directors meeting, held on January 9th, 2010 the Board voted by unanimous decision to retire 1,000,000,000 shares of common stock. The Board will immediately retire 400,000,000 million shares of common stock and public confirmation can be made from our Transfer Agent Guardian Registrar & Transfer, Inc. Additionally, every month on the 15th the board will retire 100,000,000 million share for the next 6 months to reach the total retired value of 1,000,000,000 shares of common stock.
Mr. Frank J. Yglesias stated, “This is a positive step forward in improving the company’s overall capital share structure and bring value to our shareholders.”
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