Replies to post #36616 on Good Life China Corporation (GLCC)

[The GidDy uP Kid]

you still can buy it for less than $5! Analysts give it a 1,000% upside

[Quicksilver1]

holy kool-aid

[Phrozt]

Very nice... I'll be spreading that article around... second time a major stock site has covered GLCC in 2 days.

Maybe we *won't* see pullback tomorrow.... heh.

[breezin_chs]

Ten Doubles, good find.

If it's a paid (?) pump, fine. Accurate overview, except that the writer mentioned 2,200 stores in 2008. According to yesterday's corp update, GL has surpassed 3,000 stores with a goal of 10,000 stores. Glad she mentioned the banking capabilities.

http://www.todaysfinancialnews.com/international-investing/good-life-china-glcc-26-gains/

Good Life China (GLCC) posts 26% gains in one hour

Posted August 28, 2008

"The company says its been framed. On the back of only good news (rising profits, new acquisitions, franchise expansion), its shares lost almost all of their value, which Good Life believes is because of a concerted effort to defame the stock online in discussion boards and other venues and then collect on shorted shares." — Stephanie Grimmett

by Stephanie Grimmett

Baltimore — (TFN): Good Life China (GLCC:Pink Sheets) gained 26% in the first hour of trading this morning on news that the Chinese chain store owner is merging with another company to enter the OTCBB trading market.

Of course, 26% gains are much easier to accomplish when your stock starts the day at 1.5 cents. Good Life is a penny stock in every sense of the word.

The company operates convenience stores in China, specifically in Hebei Province (the state that surrounds Beijing). And its growth plan is nothing if not ambitious. Good Life plans to have 2,200 stores by the end of 2008, 600 of which will open this year. And it recently moved from corporate ownership of the stores to a franchise system that places the majority of responsibility on franchise owners, while Good Life still brings in the profits.

But the company isn’t planning to stop there. In fact, it wants to become China’s version of the Hudson Bay or East India companies. While Good Life doesn’t have government sponsorship behind it, like those two throwbacks to the glory days of empirical Europe, it does plan to have a near-monopoly on services in rural farm communities.

Good Life wants to not only sell snacks, magazines and clothing to the folks of rural China, it also wants them to be fiscally beholden to it. The Hebei company has begun making payday loans, offering insurance and selling liens to farmers on pre-harvested crops. And in a country where the insurance industry is still in its infancy, you can be sure that the rural population of Hebei will take advantage of anything that eliminates their dependence on a healthy harvest.

Stock Sabotage

Good Life is a profitable company, with strong growth and plans to enter the OTCBB (over-the-counter bulletin board) market. And yet, in the last year, it’s stock price fell from more than a dollar to less than one cent.

The company says its been framed. On the back of only good news (rising profits, new acquisitions, franchise expansion), its shares lost almost all of their value, which Good Life believes is because of a concerted effort to slander the stock online in discussion boards and other venues and then selling short the stock to collect on its demise.

The current share price doesn’t reflect the company’s worth. As a Good Life representative put it, his company has equipment worth more than its current market cap of around $300,000. And while Good Life isn’t planning legal action against the traders who, it says, deliberately defamed the company and its officers, one of its service companies is.

On the plus side, the stock sabotage has made GLCC into a major bargain for investors.

I wouldn’t advise you to buy until the stock makes to the OTC. At least there, Good Life has more protection from manipulation. And as an individual investor, you may find it easier to acquire shares from the organized OTC market than you could in the Pink Sheets (We have a primer on OTC, Pink Sheet and foreign stocks in our Members Forum for those of you who haven’t traded in alternative markets before.). But once the move does happen, buy Good Life shares before the market realizes how much the company is actually worth.

[MAX NORTON]

kind of interesting? WOW, now I know why I went long on this one
if only 10% of this report is true, we be happy campers.

thanks and GLTU!

[allchipin]

yea very interesting article there. i liked the 26 for 26 i can use a guy like that on my team. but none the less great piece

[Captskip]

Great article on GLCC: http://www.todaysfinancialnews.com/international-investing/good-life-china-glcc-26-gains/

Thanks for sharing!

GLTU