Replies to post #323 on China Du Kang Co Ltd. (fka CDKG)

[tpower22]

+1. Luckily my position is very small here.

[mildtrans]

.....What was Mr. Wilson's compensation? Was it worth it to him to have his own holdings diluted into oblivion, or did he already get the opportunity to sell his shares? How about the board of directors?.....

You bet he already sold all his position.That was clearly reflected by down trend after the first R/M announcement.
I'm not in this stock but I can assure you I feel your pain.A word of sage from somebody severely burned into the Pinkie land."Treat any Pinkie CEO as a crook untill he or she proves themselve otherwise".

[duckster12]

Ya, lol, liquidity to Amstar shareholders. Obvious Amstar management has no clue on this one. So, Amstar shareholders gonna get 18+M and POFG gonna get less than 1M. Is Amstar gonn dump there 18M on the market as soon as the CEO, CIO, CFO and all get there shares, not likely, there is NO liquidity. Not to mention what this market with 19M gonna do, market maker leaches are licking there chops on this one. Short POFG now, then short Amstar after it goes public. Bad thing is, Amstar did NOBODY any favor if they think about it. The stock only had around 70M OS, there was no need to RS except for there own greed, they could have gave themselves 2.5 shares for every POFG share and the OS would be under 200M, which is nothing if the company is really worth it, and EVERYBODY would have benefited, and your stock price after the merger is complete and your share value for your current shareholders of Amstar would be worth more than the way you did it. Who was it, Mr Wilson, he thought about the few but not the many. Man, this whold thing had huge potential for all... nice job Amstar exec's. How do all you people feel that bought POFG as an early investment in Amstar Int. feel about your Company and its management now?

[Churak]

This ain't the first time this has happened with shells. The incoming company does this to wipe out the old public shareholders & this is one of the downsides of gambling on shells. Happened to me a couple of times (once on Critical Care I think) with a lot less o\s. Sometimes, what they do after the r\s is a f\s to increase liquidity so there MAY be a play here. IMHO.

[wrongjoe]

Simple. Once there are only 20 million shares and the share price is a healthy $5 or so, they'll issue and sell another 10 million to the market at $5. Instant capital. Instant liquidity. It's a great deal for the company and probably a smart move. If I was a shareholding employee, I'd be pleased right now. That's the majority of their shareholders and that's who they should be accountable to.

I fault the company for not being up front in their first PR about how the merger would be enacted. Honest mistake? Probably. It sucks, but what can you do? We didn't have to buy on incomplete information. That was our risk and now we have to pay.