Replies to post #4364 on China Runji Cement Inc. (fka CRJI)

[littlejohn]

About $3.05 per share for the public shareholders would seem OK if the management took $100,000 for their share of the equity...

If the share count and insider positions were accurate...Using the figures in the I-box for an example...

78,832,064 o/s on 04-19-2011...

about 10,260,064 shares of public float...

$31,392,308 shareholder equity showed on 02-28-2011...

10Q filing link...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7869540

If the management sold all their shares for $100,000 of the company equity then that leaves about $31,292,308 for the public shareholders to split...

31,392,308 - 100,000 = 31,292,308

31,292,308 / 10,260,064 = $3.05

The management looks rather silly taking so little for their shares...

And the $3.05 for the remaining public shares may look odd to some math geeks...

But a jury could award far more on fraud if they took a hankering to make a point on an open and shut case to close with plenty of info available...LJ

[littlejohn]

The 15-12G filing doesn't show an officer signature...

http://www.sec.gov/Archives/edgar/data/1322729/000143774911004138/crji_1512g-061711.htm

The SEC correspondence record to the company shows they have ommitted a signature on a Q filing in the past...And had to furnish it make the filing valid...

Wonder if a request for an inquiry on the recent offer would do any good?...More disclosure on hu transferred what to hu and how it is justified seems worthy of consideration...

Or is the 15-12G filing and suspension of duty to report filings valid without officer signature?...LJ