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12-Apr-2011 10:51

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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This is a heavily played counter.. no venture no gain.

dual-listing always bring about such euphoria...no need to think about fundamentals.

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31-Mar-2011 22:34

China Gaoxian / ChinaGaoxian

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However, M.Lim is somewhat better when comparing him to some " half beast half human' forumer, who make absurd predictions with closing, opening, high and low prices every other day and always trying to prove itself right with all its historical postings.

M. Lim has stopped his slogan and jumping icons and repeated spam after getting " shot" at by his over-exuberated messages which turn out wrong.

But the " half beast half human" still on his rampage with the absurd predictions.... and his thirst to prove himself worthy..

Jackpot2010 ( Date: 31-Mar-2011 21:53) Posted:

From the way he write, this " master" is really a small potato. Posting his Emails to IR and dropping names like " Kevin Scurry/NRA" to create an impression to forumers here that he is a BB. Why he go to such extend, ex-IMH? I didn't buy at all but like to expose this kind of mad fellow.

masterlim8888 ( Date: 11-Jan-2011 21:49) Posted:

attached would be the emails i wrote to the IR, this is the latest reply. any feedback is very welcomed. Smiley

Dear Mr Lim,

Thanks for your email and apologies for the late of our reply. As far as I know, the management are keen to get research coverage and keep coming down and talking with Singapore investment community on quarterly basis. However, they would prefer to let analysts get to know their value rather than push out coverage with paid research report.

Recently we have garnered two non-rated reports from Kim Eng and Asiasons, I have attached them for your reference.

Please feel free to contact me if you have any other questions

Regards,Yibing

On 1/5/2011 10:56 PM, lim wrote:

Dear Kathy,

Thanks for your reply. But we have to step up the process in time with the krx listing which is less than a month away to bring up the awareness of the investors' impression of this company. If you have followed hard enough on a daily basis, counters will reignite and rise after published reports from fund houses have a consensus buy call. This Company is not getting enough, simply not enough coverage by fund houses and there are not even any target prices for us investors to feel where is the gauge of the gem's value.

Im not sure if Yibing and yourself knows this Company is going for korea dual listing. i strongly feel it is the most timely opportunity to get a detailed and solid report on the Company to get it rise to another new high. Please convey the message to the CEO and CFO. I did talk to Kevin Scully of NRA before and he called up the cfo. The reply i have is that cfo did not want to do any coverage. I am puzzled why is that so. Please explain my intention to the management and the synergy it will have on the effect on the stock once the fund houses have done the coverage. It will be rewarding to the Company and its outmost loyal sharesholders like myself who have been following the counter and been urging the investors in the shares forum to load up the gem before it really shine through the sgx platform for the past few months, everyday, rain or shine.

I will be very appreciative if the management will get our feedback and it is for the most beneficial thought we have for the Company to reflect its true intrinsic value.

Regards,
lim

Date: Wed, 5 Jan 2011 00:10:20 +0800
From: kathy@financialpr.com.sg
To:

CC: staff@financialpr.com.sg
Subject: Re: Analysts Coverage Atten to: Ms Kathy Zhang & Ms Yibing Tang

Dear Lim,

Thanks for your email below. In fact, Financial PR was the one got UOB Kayhian to re-initiate the coverage some 3 months ago. My colleague Yibing has been working very hard since. In fact, we have gotten attentions from analysts of Kim Eng, NRA and Asianon apart from Kayhian.

As an experienced investor, you should know that it is always chicken and egg, when the counter was thinly traded at cruelly low PE, no houses wants to cover and hardly any investors want to buy; so it was the tipping point per say for the precious UOB Kayhian coverage. If I am correct, NRA has bought in the stock after Kayhian covered it starting from S$0.22 cents or so.

Rest assure, with relatively healthy liquidity and record high share price, plus good foundamentals, Gaoxian will soon get more coverage. But the question is timing, and what is the NEXT catalyst...

Cheers,
Kathy

On 4/1/2011 10:37 PM, lim wrote:
Hi All,

i am representing a huge group of loyal followers of the Company. We are very delighted that the counter has moved up since the management has decided to go for the dual listing in krx.

However, we are very fraustrated and puzzled why arent there any fund houses coverages done by analysts? Why arent the Company which we referred as gem get its worth by being researched on and get published? It will definitely boost the share price up by another significant margin. It is not showing its intrinsic value and management is not doing their best for the sharesholders to get the neccessary exposure for the gem. There are other groups of investors who are waiting for fund houses' consensus before they will consider to invest in the Company. We need to further raise the awareness of the Company for it to shine brighter. It is one of the most practical way to repay the sharesholders for trusting the management with their hard earned capital and to see their investment stands at its worthwhile level.

We will appreciate if you are able to convey our messages to the management for their considerations on our proposals.

Thanks and looking forward to your reply.

Regards,
lim

Tang Yibing 唐一冰 | Senior Associate | Financial PR | 4 Robinson Road #04-01 The House of Eden Singapore 048543

tel +65 6438 2990 | fax +65 6438 0064 | mobile +65 9329 5618 | website http://www.financialpr.com.sg/

Singapore ▪ Hong Kong ▪ People's Republic of China

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31-Mar-2011 17:30

China Gaoxian / ChinaGaoxian

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Who ever cared about slogan when you should be caring where you are putting your hard-earned money =)

" While seeking revenge, dig two graves - one for yourself. ~Doug Horton"

niuyear ( Date: 31-Mar-2011 11:10) Posted:

No, most were lured into this by this slogan -

Load up before you are left out.

medivh ( Date: 31-Mar-2011 09:45) Posted:

The most unfortunate thing is that the investors are lured into buying into this counter by many so-called " analyst" and " professionals."

Even if in black and white the financial books looks good.. but the reality and qn that are still glaring at everybody

1): Are the books recorded honestly? IF its ok, and everything is accounted for, it will not be like now..

2) Is the CEO really a noob or " act smart" ? Something he knows that everyone doesn't know?

3) Everyone knows honesty is very important in getting investors to pour in money etc. etc.. ... e.g. you can do everything right from the beginning but it just take 1 wrong step (dishonesty??) to destroy everything you have done right.. Who would believe you anymore?

I also hope the counter will list soon.. but up till now.. the CEO does not even bother to hasten the AGM or to even initiate a special meeting for all shareholders to shed some light into the audit matter and calm the nerves of shareholders (big or small).

" Be wary of the man who urges an action in which he himself incurs no risk. ~Joaquin de Setanti"

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31-Mar-2011 09:45

China Gaoxian / ChinaGaoxian

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28-Mar-2011 21:50

Others / S-chips like rubbish and shit now!

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I may not kana 3 but 4 in a row perhaps (FC, HX, HW, GX) .. I can give u wed 4D

3260.

remember buy 100 Big 100 small . -> gd luck.

warrenbegger ( Date: 27-Mar-2011 23:38) Posted:

Anyone kanna this 3 triple crown can give me this week lucky 4-D nos? Thanks a lot

warrenbegger ( Date: 24-Mar-2011 22:11) Posted:

I wonder which lucky fellow can 1st buy Hongxing and kanna suspended. He get very angry and whack on 2nd Hongwei and kanna suspended again! He really very angry, very hot and very siao now, wanted so much to revenge on S-cheat and he whack hard hard on 3rd GaoXian and thought this time sure safe and huat liao, and kanna Suspended again!!!

Any poor victim really this lucky? Kanna 3 in a row???

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26-Mar-2011 16:19

China Gaoxian / ChinaGaoxian

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From the posts, I can see many here are vested in this counter and hoping for positive results and pulling out with hopefully postive cash invested.

This is sad but true:

1) Don't wait for it to rise back to the level you have bought. If you don't have a cut-loss limit, you should think seriously about it now. (0 % return is really bad.. )

2) The CEO and all his friends are still humans. IF they have reduce their holdings, things are not as rosy as you hope it will be.

3) Did you know the volume before the halt on monday? 139 million shares changed hands.. for a penny stock this is note worthy.. Who have unloaded till 19c? No need to guess.. see the numbers and they will give you a clear indicator.. I doubt there are enough scripts for those CFDs shorties. So you should know what I am trying to say here.

All the best ^^

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26-Mar-2011 16:11

China Gaoxian / ChinaGaoxian

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Chinese to English translation

Wang Yang-fat Chinese subsidiaries can not be determined because of the bank balance and the beginning of China suspended high-fiber (China Gaoxian), without shareholder approval yesterday Zaibao put money into an unknown number of upstream projects. Auditors are expanding the scope of the audit will confirm the time of investment, amount and other details. The company is preparing to hold a special shareholders meeting in April to seek shareholder approval to expand the upstream project. However, according to the SGX listing regulations, the company must first obtain shareholder approval before it can carry out such projects. Fiber of the Audit Committee of China yesterday, in reply to the Korea Exchange (KRX)'s inquiry, the disclosure requirements of the above shares were suspended the day before yesterday when it unspecified reasons. China's fiber requirements of the Audit Committee the day before the stock suspension, only said that because the auditor can not confirm or prove that the two Chinese subsidiaries of Chinese fiber bank balance. 2009 listed in SGX fiber in China, in January this year, has just issued depositary receipts in the Korea Exchange (KDR), but the audit to obtain a second opinion Exchange does not guarantee the financial health of any company or business supervision. China fiber plunged Monday as its shares 24% (down 6 points, the stock closed at 0.19 yuan) and the surge in trading volume reached 100 million 4,000 million, who were asked SGX. This requires its shares suspended from trading on Tuesday, pending the release of information. But it did not also suspend trading of its ADS Korea that the Korean depositary receipts fell 15% on Tuesday, at 4,165 won (per 1 ADS = 20 shares). This result lead to market watchers speculated that have been long for fear of a similar chip stocks in the accounts of other issues hurriedly selling. Sure enough, on Thursday after China's fiber to disclose the bank balance, and further requested suspension. It said on Thursday that auditors Ernst & Young China, high-fiber (Ernst & Young) is the results of the audit last year, you can not confirm or prove that the Chinese high-fiber two Chinese subsidiaries of bank deposits. For China and Hong Kong Chinese subsidiary, Zhejiang and Fujian Industrial Co., Ltd. Polyester Fiber Textile Co., Ltd. New Warwick. The company's audit committee yesterday, the KSE reply to whether the funds have been invested for the expansion project at the upper reaches of the problems is that the China Executive Chairman and Chief Executive Cao Xiangbin fiber has informed the Board, although not yet approved by the shareholders that the project group The funds have been used for the upstream expansion project (raw polyester production project). But it did not disclose the upstream projects have been put in how many funds. Fiber of the Audit Committee of China only in the reply said, auditors are expanding the scope of the audit to verify that the capital investment of time, amount and other details.

hpong5 ( Date: 26-Mar-2011 16:06) Posted:

中国高纤未经股东批准擅将资金投入上游项目（ 2011-03-26）早报导读 [新加坡大选 ] 三巴旺竞选团队或出现两新脸孔 [日本大地震 ] 辐射尘已达美欧将绕地球一周 [利比亚局势 ] 从 "禁飞 "看奥巴马 "玩火 " [中国早点 ] 台湾新政治文化起跑？联合早报网招聘 Freelance网络新闻编辑 ● 王阳发　　因无法确定中国子公司银行存款余额而刚开始停牌的中国高纤（ China Gaoxian），昨日再爆未经股东批准便把为数不明的资金投入上游项目。审计师正扩大审计范围，将确认有关资金投入的时间、数额以及其他详情。　　该公司正准备在 4月召开特别股东大会，寻求股东批准上游扩充项目。但按新交所挂牌条例，该公司必须先获得股东批准，才能够进行这类项目。　　中国高纤的审计委员会昨日是在答复韩国交易所（ KRX）的询问时，披露以上它前天要求股票停牌时未说明的原因。中国高纤的审计委员会前天要求股票停牌时，只表示因为审计师无法确认或证明中国高纤的两家中国子公司的银行存款余额。　　 2009年在新交所挂牌上市的中国高纤，今年 1月刚在韩国交易所发行存托凭证（ KDR），但获得第二个交易所的审核看来并不能保障任何公司的财务健康或企业监管水平。　　中国高纤本周一由于其股票暴跌 24％（跌 6分，股价收报 0.19元）而且交易量飙升达 1亿 4000万股，而遭新交所询问。它这才要求股票周二开始暂停交易，以待发布消息。但它并没同时暂停其韩国存托凭证的交易，以致该韩国存托凭证的价格在周二大跌 15％，报 4165韩元（每 1存托凭证等于 20股）。　　这因此导致市场观察者推测，已有人因担心出现类似其他龙筹股的账目问题而慌忙抛售。中国高纤之后在周四果然透露有关的银行存款余额问题，并进一步要求停牌。　　它周四表示，中国高纤的审计师安永（ Ernst & Young）是在审计去年业绩时，无法确认或证明中国高纤两家中国子公司的银行存款余额。有关中国子公司是浙江华港涤纶实业有限公司及福建新华威化纤染织有限公司。　　该公司的审计委员会在昨日答复韩交所针对资金是否已投入于上游扩充项目的问题时则透露，中国高纤执行主席兼总裁曹祥彬已通知审计委员会，虽然说股东还没批准进行该项目，集团的资金已经用于该上游扩充项目（原材料聚酯生产项目）。　　但它并没透露已投入于该上游项目的资金究竟多少。中国高纤的审计委员会在答复中仅表示，审计师正扩大审计范围，以确认有关资金投入的时间、数额以及其他详情。

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25-Mar-2011 23:34

China Gaoxian / ChinaGaoxian

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My 2c thots:

1) Don't fall in love with attractive share prices. The fact of SSH dumping this share shows more secrets are yet to be uncovered. When investor can no longer trust a company because it keeps hidden skeletons in the closet, it is detrimental and will only go down further. *unless something positve and not negative comes out from the audit report.

2) If the company has no hidden secrets, it wouldn't take professional auditors so long -> suspension -> causing investors worries -> lost of confidence.

3) Why suspend? I have mentioned in my previous thread on the only reason why CEO want to request for suspension is the need to buy time to find good reasons to cover up for the pitfalls they already know in their books.

To me whether CGX survive depends very much on whether they are going to clean up their act and regain investor's confidence to invest. When this Saga is over, it will probably be like aftermath of " the day after tomorrow" .

This is just a probable scenario: (not for the faint hearted)

Lost of confidence -> share px sharp drop -> lost of monies in their balance sheet -> unable to pay back loans -> wind up whatever progress they have in their undeveloped land.

Unless some BB back them up, else like i say GG (good game)

hpong5 ( Date: 25-Mar-2011 21:30) Posted:

In fact, if green lights are given to lift suspension by end of April, the current price seems attractive now for investment given their expansion plans which are already kinda underway. So lets see if cgx will survive this s***.

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25-Mar-2011 17:13

China Gaoxian / ChinaGaoxian

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This company is really getting into the nerves of not only SGreans but also KReans..and ppl in KR are much more aggresive in probing matters..

We need more of this probing here.. Looking at their response, it seems some things have yet to be unravelled.... which means more scrutizing to come ..

Thats all from me. Wait and see.

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25-Mar-2011 17:07

China Gaoxian / ChinaGaoxian

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CHINA GAOXIAN FIBRE FABRIC HOLDINGS LTD.
(
(" 中国高纤控股有限公司 )Company" )
(Company Registration No. 200817812K)
(Incorporated in Singapore on 9 September 2008)
RESPONSE TO QUERIES FROM THE KOREA EXCHANGE (" KRX" )
The Audit Committee has received the following queries from KRX, to which its responses are set out
below:
Query 1
To provide further details from Messrs Ernst & Young LLP ("
confirm the bank balances in the Company's subsidiaries as of 31 December 2010.
ResponseAuditors" ) relating to its inability to verify or
The Audit Committee understands from the Auditors that as part of its audit, the Auditors would generally
carry out various procedures and process to ascertain the bank balances. In the case of the Company's
subsidiaries, the Auditors were unable to conduct these procedures and processes to their satisfaction,
and therefore raised the issue for the attention of the Audit Committee, which took prompt action to look
into the matter.
Query 2
What is the progress with respect to the Group's audit for the financial year ended 31 December 2010?
Response
The Group's audit is currently in progress and the Company is required to hold its annual general meeting
for its shareholders to approve its financial statements for the financial year ended 31 December 2010 by
no later than end April 2011. Due to the current circumstances, and depending on the progress of the
ongoing audit, the Audit Committee will, in consultation with the Auditors, make an assessment in due
course as to whether the Company is able to comply with the timeline and update shareholders
accordingly.
Query 3
What is the status of the Group's investment in its upstream expansion into the production of polyethene
terephthalate ("
why has such investment been made in view that shareholders' approval of such upstream expansion is
required under the listing rules of the SGX-ST and such approval has not been obtained?
ResponsePET" ) chips (i.e. Hwasung Project)? In the event any investment has already been made,
The Company was in the process of preparing its shareholders' circular setting out particulars of the
upstream expansion (i.e. Hwasung Project) so as to convene an extraordinary general meeting in April
2011 for shareholders to vote on the upstream expansion. As part of the upstream expansion, the
Company had proposed to locate the upstream expansion facilities on the RMB200 million land acquired
by the Group in July 2010 located adjacent to the Group's existing production facilities at Industrial Area
of Balidian Town, Wuxing District, Huzhou City, Zhejiang Province.
The Audit Committee has been informed by the Executive Chairman and CEO, Mr Cao Xiangbin (
that funds of the Group have since been applied to the upstream expansion, notwithstanding that

shareholders' approval to undertake the upstream expansion has not been received. As part of its
expanded scope of audit, the Auditors are seeking to ascertain the time, quantum and other particulars of

such application.
Query 4
What is the reason for the Company's suspension of trading of its shares on the SGX-ST? Why is a
suspension required when trading in the Company's shares have already been halted?
Response
The Audit Committee has called for a suspension of trading of the Company's shares on the SGX-ST
pending determination of the Group's financial status, including the bank balances of its subsidiaries. The
Audit Committee is of the view that in view of the present uncertainty, an orderly market for the trading of
the Company's shares cannot be ensured and a suspension of trading is necessary for the protection of
shareholders. A suspension was put in place as under the listing rules of the SGX-ST, a trading halt
cannot exceed 3 market days or such short extension as the SGX-ST agrees.
BY ORDER OF THE AUDIT COMMITTEE
Chan Kam Loon
Chairman of the Audit Committee

25 March 2011

Credits to : http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E19E549609C825944825785E00259E04/$file/ResponseToKRX_25Mar11_V2.pdf?openelement

曹祥彬 ),

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25-Mar-2011 13:46

China Taisan / Aoyee ! Aoyee! Ao! Ask Jane for help !!!

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Something to share with everyone when it comes to trading in stock market.

1) The stock market has no feelings. You lose money and/or you win money. But who really cares if you lose or win? Only YOU care.

2) Because of point 1: everyone should have a TP for profit/loss < -- very impt.

The problem with humans is that greed and fear are hard to contain and control. Stock market is played by humans. So once you know how humans work you will know what works best for you does not work best for another. Thus the most impt is for ppl to realise no matter how much someone think the price will go up or that the price will reverse.. TP is impt to stay in focus and to protect your own bullets.

I have said this several times: If you fail to plan, then you plan to fail.

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25-Mar-2011 11:44

China Taisan / Aoyee ! Aoyee! Ao! Ask Jane for help !!!

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Even though I believe 1 good deed leads to another (for this case perhaps 1 bad egg might spoil another), I am waiting for the coast is clear for S-chips and somemore scrutinizing before I act.

Perhaps will go to target price (target set by analysts... remember that !)

Perhaps will not.

My strategy for now is this and will be this :

1) Going for day trades.. in out fast.

2) No longer holding on to a counter for a period longer than what I use to hold. The things are not predictable now and I dont see it getting any clearer moving forward. Look at the news and you will know what I mean.

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25-Mar-2011 09:36

China Gaoxian / ChinaGaoxian

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LOL Bro Zhixuen,

Haven't you noticed he has been RE-Iterating how pro he is (look at the number of historical postings he took the effort to DIG out hahaha).

Within a matter of mins last night, he brings up all his posts of his predictions all coming true..

Reminded me of Matrix Reloaded :). Love that movie..

zhixuen ( Date: 25-Mar-2011 08:28) Posted:

Uncle bonbon my Sifu Bon3270 said you are really pro.

Bon3260 ( Date: 25-Mar-2011 08:15) Posted:

On e 27-Jan-2011 11:27am.

I hv given warning too...

('',

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24-Mar-2011 22:17

China Gaoxian / ChinaGaoxian

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Another sound advice for new forumers:

1) Beware of " so-called" predictions with numbers and warnings with BIG FONT letters or colours here.

Also don't look at title here " Elite, Master, Senior etc.," Some1 with 1 thousand nonsence posts can also be Elites and masters.

2) Always do your homework before vesting. Have a sound mind.

3) Most imptly, vest what you can afford and not what you cannot. The Stock market has no feelings, that's my best advice for you.

I am neither your friend or foe, but... always trade with your mind, not your fingers or mouth.

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24-Mar-2011 22:13

China Gaoxian / ChinaGaoxian

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Moving forward, this is my thots on what's to come:

1) Investors who vested heavily and cannot pay up their brokerages will have to pawn/sell whatever stocks/assets they have if they wan to avoid acct suspension.

2) From point 1, SGX and Trading firms will start implementing 1 or 2 new rule(s) *watch out for this*

Just my 2c,

(" ,) (" ,) (," ) (," )

Juzztrade ( Date: 24-Mar-2011 22:05) Posted:

OMG! Tomorrow no trading again.

I have to raise cash to pay my dealer liao

No trading means cannot contra off the trade

Richman ( Date: 24-Mar-2011 21:55) Posted:

Brief: ChinaGaoxian (SGX Symbol: I4U) has requested for suspension.

24 Mar 2011 18:46

ChinaGaoxian (SGX Symbol: I4U) has requested for suspension.

Time: 25/03/20110900 hours
Reason: Please refer to earlier announcement no. 00105 released on 24 March 2011.

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24-Mar-2011 21:30

China Gaoxian / ChinaGaoxian

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This thread has become everyone's fav. and top in Share Junction forum. Never have I seen so many posts by different users all at one time.. The sys admin of Share Junction certainly handled the multi threading very well. :)

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24-Mar-2011 21:14

China Gaoxian / ChinaGaoxian

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LOL, warren, such things cannot be said here.. Else you can be sued for slander. Be careful ..

warrenbegger ( Date: 24-Mar-2011 21:02) Posted:

Strange? Why all S-cheat suspension 3 in the row this year all from textile sector? Why all get caught by Ernst & Young auditor? Other S-cheat using other auditor can undertable so havent get caught yet? U know why S-cheat company mosty got audit issue? One of the reason because in china if u want to do business well, u need to undertable a lots, so sometimes it hard to telle account. And some dishonest management like to pocket quietly and that their culture in china. I got friends do business in china so i know a lots of monkey business, corruption make them more easier to do business. In singapore, if kanna caught, jail and fine till u siao, and where can u run? All police at checkpoint waiting for u.

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24-Mar-2011 21:11

China Gaoxian / ChinaGaoxian

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Right now the only sound advice is this:

1) Do not lose your head if you are those who vested and lost alot

2) Be of calm mind and vest only when you know what you are doing.

3) Most importantly, do not fret over what has already happened. Go take a breather, if you have to , smell some flowers and get on with life.

Look at Japan and Libya, and you will know what I mean. Lives are more impt than money. *Pardon me if I talk too much about things you already know*

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24-Mar-2011 21:06

China Gaoxian / ChinaGaoxian

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What you noticed when you see 24c buy queue at 1 lot and , 16c sell queue at over 80 lots (which I didnt indicate this is to see how smart an investor you are), is very indicative some1 is trying to cover up what is inevitable.

Now that the truth is out, I believe alot of retail investors will dump this once it resumes trading (God knows when...)

The problem I believe with most people (including myself sometimes) is we believe people when they say their accounts are good and nothing is fake. That's why I never believe even those here who keep predicting numbers with baseless facts. (They know who they are..)

The bigger their fonts (sometimes even with colours like yellow and red) and the more they keep re-iterating their numbers, shows you something is amissed. Sometimes the person to blame is ourselves.. until we learn to be more intelligent and do our own research, then will you be able to avoid such pitfalls.

medivh ( Date: 24-Mar-2011 16:58) Posted:

Did you see that 24c 1 lot buy queue??

That gives a very good indicator of what is to happen to those who cannot pay up.

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24-Mar-2011 16:58

China Gaoxian / ChinaGaoxian

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Did you see that 24c 1 lot buy queue??

That gives a very good indicator of what is to happen to those who cannot pay up.

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