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dipstick55

03/29/11 9:54 PM

#28173 RE: RedBull77 #28172

Anyone seen this? I am sick of these China stocks cooking books! UTA down 20% after hrs...delay of 10-K. My gosh, someone has to do something, people are losing money from this serial stealing!!!

http://finance.yahoo.com/news/China-Intelligent-Lighting-prnews-2349438300.html?x=0&.v=1

amychan

03/29/11 10:02 PM

#28174 RE: RedBull77 #28172

Management has 2 days to resolve the issue with a well detailed plan that is acceptable to NASDAQ listing. If no rules are violated in the book, Nasdaq cannot just "delist" the stock because they feel like doing it.

Since the 8k seems to be associated with SEC, i believe that the SEC is involved in this matter.

CCME, the company, is complying with regulations and disclosing everything as much as possible to stay compliant.



I have my own speculation based on rumors by talking to a few people in hong kong on why WUYI authorized a special dividend but I will keep it to myself until it is confirmed.


Motor City Trader

03/30/11 1:21 AM

#28178 RE: RedBull77 #28172

Thanks Red, that's what I think - and I'm sticking with it....

Florinda

03/30/11 1:32 PM

#28217 RE: RedBull77 #28172

Redbull77,

Thanks for sharing those emails from Ping. I appreciate it.

Steve