Replies to post #426 on Ka Wang Holding, Inc. (fka KWGI)

[OldPro]

it's happened before to penny...

stocks. next question is obviously to name them, right. That would take some time and research - but off the top of head do remember several China companies that started off as being suspect (gave previous example of ABAT, now GBT). Also remember the company that took over Elvis estate that sky rocketed (was speculated on before it happened). Have been several others. Hoping KWGI is next and gets financials out while still under the radar. Key is to not get too excited and buy into the story too deep until get more proof - until then just too risky IMO.

[museman]

As I said, my Chinese friend's sister in Hong Kong has verified to my satisfaction that there are indeed stores under the Ka Wang name. I speculate that the stock, KWGI, is related to that business. My uncertainty is if there is validity to the $.50 EPS projection. If the audited financials were completed in December as promised and contain encouraging numbers I would expect to have heard from the company by now.
I have noted the talk of KWGI being incapable of conducting business in a fashion acceptable to US investor's expectations. So there could be a further frustrating wait to hear financial news. All that said, if the share price were to drift way down on light volume, I may be inticed to step up to the craps table and place a bet. I already own shares committed to long term, and I will jump in aggressively if good news appears.