China Wood, Inc (fka CNWD)

[lattitdude67]

an absolutely preposterous bid and ask... after researching other plywood manufacturers this should be anywhere between 15-20 at the low end and 30 at the high end... i scoured other exchanges for plywood mfger's and most of them weren't even as profitable as CNWD with much larger outstanding shares counts... issues CNWD faces are not so much technical as they seem to be able to be profitable quarter to quarter... but imo the issue is nobody knows the direction they are gonna take...this from the 14C

PLANS, PROPOSALS OR ARRANGEMENTS TO ISSUE NEWLY AVAILABLE SHARES OF COMMON STOCK

The main purpose of completing this Reverse Stock Split is to increase the amount of shares available in order to have the ability to issue shares and attract investors. The Company has entered into the Share Exchange and Financing whereby they have agreed to effectuate this Reverse Stock Split.

The financing will be used primarily to expand and enhance the Company’s existing plywood production business. The Company intends to expand its operations through the acquisition of forest tracts in southern China and to acquire new machinery needed to better serve clients.

issuing shares = dilution granted its not dilution for dilutions sake... they want to expand

9. Type(s) of Securities Offered (select all that apply)
Pooled Investment Fund Interests X Equity
Tenant-in-Common Securities Debt
Mineral Property Securities X Option, Warrant or Other Right to Acquire
Another Security
X Security to be Acquired Upon Exercise of Option,
Warrant or Other Right to Acquire Security Other (describe)


Offering and Sales Amounts
Total Offering Amount $ 10000000 USD  Indefinite
Total Amount Sold $ 5344975 USD
Total Remaining to be Sold $ 4655025 USD  Indefinite

looks like they still have some options and warrant to sell
as far as the equity box being checked i can only imagine that would have been the 300 million tbjk shares to viking (tom simeon)