China Gaoxian   

ChinaGaoxian

haha you won't get roasted kumpong chicken if you don't  have enough eggs to hatch as well.

now i feel like having kenny rogers. (" ,) (," )

warrenbegger      ( Date: 02-Jul-2011 23:50) Posted: I very agreed with U on this. U wont get your eggs if U kill the chicken :) medivh      ( Date: 02-Jul-2011 10:40) Posted: In many cases btw, if the guy  or pty has already run road.. they can sue them till bankrupt.. if declared bankruptcy, you think you still can get back your money? all loans  will be defaulted..  No one will  pay u back what you invest, This is not lehman bros..thats for sure.... Wishful thinking serious.. The banks are not going to help small retail investors.. they are going to help themselves first.. So my advice as usual.. move on ...

 

The 1 billion might have been used to push up the price. And is now laying somewhere out there in certain brokerages or personal bank accounts. Very unlikely to be recovered back. That's the problem with cash sales. It's a management's decision afterall. Nobody will dare to return this money. What a mess.

 

3mil only. And gao xian has lots of money. Still got hopes of revival.

 

Ya, only one direction will go.

Toilet bowl :)

Hulumas      ( Date: 02-Jul-2011 22:40) Posted: So, eventually only one direction to go for equity investment i.e. PRC! andreytan      ( Date: 02-Jul-2011 22:32) Posted: Don't worry. Wait till the result are out. I think it may not be that bad, just 3m. This may due to the mismanagement of coy.  If not, then in the first place, how it can get itself listed in Korea. but in the first place, why you do not have a cut loss in place. When you stop loss, you withdraw, not defeat, then wait for opportunity to enter again. Lucky for me, i trade only, I believe going forward , all so called long term investment will stink. Europe crises is not over till PIGS clear, this is not possible, no way and no chance. Now Greece is just the beginning. If 2012 thew world economy is still slowing, i expect Spain and Italy to go down. The too big to save will pull down the world. Have trailing stop to protect your profit and cut to limit your losses. Go long only in extreme market pessimism. Will go long when VIX is 45 and above.

 

Pls do not  use AD on S-chip or not fundamental stable company.

U will kanna burn like siao if U dont use AD correctly on the right counter and the right time.

I think some big gambler also use Grand-AD to whack in bear market and kanna roasted grilled.

Just dont anyhow throw bullet away, u need enough bullet to fight another day when the right war comes.

Leoleoleo      ( Date: 02-Jul-2011 16:04) Posted: IMHO: pls do not be optimistic.... The account at  31/Dec 2010 should not possess the amount of $$ from the dual listing since the IPO at KRX happens at Jan 2011.... Right?   So, in principal the missing ONE BILLION RMB is either make up figure or already swindled away.....   No matter what, I already write off this counter after heavily vested in it... 500 lots (100lot@0.35, 200lot@0.26 and final day: 200lot@0.21).   Also this is a CPF trustee counter, wat will happen to the rest who are about to retire or getting new flat?

 

I very agreed with U on this.

U wont get your eggs if U kill the chicken :)

medivh      ( Date: 02-Jul-2011 10:40) Posted: In many cases btw, if the guy  or pty has already run road.. they can sue them till bankrupt.. if declared bankruptcy, you think you still can get back your money? all loans  will be defaulted..  No one will  pay u back what you invest, This is not lehman bros..thats for sure.... Wishful thinking serious.. The banks are not going to help small retail investors.. they are going to help themselves first.. So my advice as usual.. move on ...

 

After reading all your plight, think I'm still lucky,  during the upside did earn some. Now  only left 4k, but it's still money.

 

One word : Greed...

Tot that base on good funtamental and striving business, this stock will fly.... but nvr include the shallow way which the top keymen treated the fund given.

They just simply help to themselves  on the millions that presented on their meeting table.

sigh.....

 

Andrew      ( Date: 02-Jul-2011 16:57) Posted: Sorry to hear that you lost a camry or 36 years of utilities bills or 8600 roast ducks. What make you so sure such that you commit 129K ?   Leoleoleo      ( Date: 02-Jul-2011 16:04) Posted: IMHO: pls do not be optimistic.... The account at  31/Dec 2010 should not possess the amount of $$ from the dual listing since the IPO at KRX happens at Jan 2011.... Right?   So, in principal the missing ONE BILLION RMB is either make up figure or already swindled away.....   No matter what, I already write off this counter after heavily vested in it... 500 lots (100lot@0.35, 200lot@0.26 and final day: 200lot@0.21).   Also this is a CPF trustee counter, wat will happen to the rest who are about to retire or getting new flat?

 

So, eventually only one direction to go for equity investment i.e. PRC!

andreytan      ( Date: 02-Jul-2011 22:32) Posted: Don't worry. Wait till the result are out. I think it may not be that bad, just 3m. This may due to the mismanagement of coy.  If not, then in the first place, how it can get itself listed in Korea. but in the first place, why you do not have a cut loss in place. When you stop loss, you withdraw, not defeat, then wait for opportunity to enter again. Lucky for me, i trade only, I believe going forward , all so called long term investment will stink. Europe crises is not over till PIGS clear, this is not possible, no way and no chance. Now Greece is just the beginning. If 2012 thew world economy is still slowing, i expect Spain and Italy to go down. The too big to save will pull down the world. Have trailing stop to protect your profit and cut to limit your losses. Go long only in extreme market pessimism. Will go long when VIX is 45 and above. belgeran      ( Date: 02-Jul-2011 17:32) Posted: not 129k yet.. calculated losses is about 34k.. if it resumes trading, should be able to cash back out whatever is left

 

Don't worry. Wait till the result are out.

I think it may not be that bad, just 3m. This may due to the mismanagement of coy. 

If not, then in the first place, how it can get itself listed in Korea.

but in the first place, why you do not have a cut loss in place.

When you stop loss, you withdraw, not defeat, then wait for opportunity to enter again.

Lucky for me, i trade only, I believe going forward , all so called long term investment will stink.

Europe crises is not over till PIGS clear, this is not possible, no way and no chance. Now Greece is just the beginning. If 2012 thew world economy is still slowing, i expect Spain and Italy to go down.

The too big to save will pull down the world. Have trailing stop to protect your profit and cut to limit your losses.

Go long only in extreme market pessimism. Will go long when VIX is 45 and above.

belgeran      ( Date: 02-Jul-2011 17:32) Posted: not 129k yet.. calculated losses is about 34k.. if it resumes trading, should be able to cash back out whatever is left

 

Bingo! you hit the jackpot.

the statement is " if they verified all accounts are in tact" and not " WHEN they verified all accounts are intact"

I know I may sound like doomsday messenger but sigh.... who would ever trust this type of coy ever again? btw, my sympathy to you as well as I know you mentioned once that you had to pay up the lastday-bought CGX shares with loans somemore.. but .. time to move on.

stan19      ( Date: 02-Jul-2011 11:26) Posted: The so called 3 m RMB missing is quoted by newspaper,not from the sgx report from cgx. In the lastest report, they did stated " TODATE"   special auditor  have verified bank reserves of 699 millions RMB in stead of the 714MILLIONs that they supposed to have per March 31  2011  finance status, the " Balance" is still verifying by auditors. The " Balance" the so called missing part by news agency. Everyone can have different views on it. Mediv: Investors lost confidence is because of missing cash which probably due to account fraud or lapses...If the all remaining cash can be verified and company still operating as normal, i dun think why investor will totally lost faith on it. Vanpersie      ( Date: 02-Jul-2011 01:49) Posted: The latest update is far from an update but a confusion: Yes, it states clearly the cash and balances are as at 31 March 2011, but are they the balances after the write-off of the 1b?  is the total cash missing 1b plus 3m, or only 3m

 

Always look at the bright side of things - even if  loss is $129k,  just say that u  did not drive a CAMRY for the next 10yr u will breakeven.

belgeran      ( Date: 02-Jul-2011 17:32) Posted: not 129k yet.. calculated losses is about 34k.. if it resumes trading, should be able to cash back out whatever is left

 

we better treat it as full lost now~ Eventho still pending the audit findings. As they suppose to have 1.1B plus another 1.2B from krx.... Now only 699M

 

belgeran      ( Date: 02-Jul-2011 17:32) Posted: not 129k yet.. calculated losses is about 34k.. if it resumes trading, should be able to cash back out whatever is left

 

not 129k yet.. calculated losses is about 34k..

if it resumes trading, should be able to cash back out whatever is left

 

Sorry to hear that you lost a camry or 36 years of utilities bills or 8600 roast ducks.


What make you so sure such that you commit 129K ?

 

Leoleoleo      ( Date: 02-Jul-2011 16:04) Posted: IMHO: pls do not be optimistic.... The account at  31/Dec 2010 should not possess the amount of $$ from the dual listing since the IPO at KRX happens at Jan 2011.... Right?   So, in principal the missing ONE BILLION RMB is either make up figure or already swindled away.....   No matter what, I already write off this counter after heavily vested in it... 500 lots (100lot@0.35, 200lot@0.26 and final day: 200lot@0.21).   Also this is a CPF trustee counter, wat will happen to the rest who are about to retire or getting new flat?

 

1 billion missing in 2010. 15 million missing in 2011 as of Q1. Total about 1,015,000,000.00. That's many zeros.

 

IMHO: pls do not be optimistic....

The account at  31/Dec 2010 should not possess the amount of $$ from the dual listing since the IPO at KRX happens at Jan 2011.... Right?

  So, in principal the missing ONE BILLION RMB is either make up figure or already swindled away.....

  No matter what, I already write off this counter after heavily vested in it... 500 lots (100lot@0.35, 200lot@0.26 and final day: 200lot@0.21).

  Also this is a CPF trustee counter, wat will happen to the rest who are about to retire or getting new flat?    

 

The so called 3 m RMB missing is quoted by newspaper,not from the sgx report from cgx. In the lastest report, they did stated " TODATE"   special auditor  have verified bank reserves of 699 millions RMB in stead of the 714MILLIONs that they supposed to have per March 31  2011  finance status, the " Balance" is still verifying by auditors. The " Balance" the so called missing part by news agency. Everyone can have different views on it.

Mediv: Investors lost confidence is because of missing cash which probably due to account fraud or lapses...If the all remaining cash can be verified and company still operating as normal, i dun think why investor will totally lost faith on it.

Vanpersie      ( Date: 02-Jul-2011 01:49) Posted: The latest update is far from an update but a confusion: Yes, it states clearly the cash and balances are as at 31 March 2011, but are they the balances after the write-off of the 1b?  is the total cash missing 1b plus 3m, or only 3m? Andrew      ( Date: 02-Jul-2011 00:46) Posted: WOW WOW WOW......need to rub my eyes.....Like that also can ah. First thing screw the auditors.   Second, what do you think the Korean will do ? Remember, when come to investing and withdrawal thing.......last to invest, first to withdrawal.

 

kindly approach ur MP about this issue

Concerto      ( Date: 02-Jul-2011 11:19) Posted: I had mistype in my previous comment.  What  I  meant was  unlikely can get back from the s chip owners. So wonder why we are not doing something similar to US style and consider if we have grounds to go after the auditors since we all looked at the audited accounts. Shareholders paid them annually to audit the companies accounts, if they did not do their work as expected of an auditor, we can ask for compensation as they are negligent. :) Maybe its wishful thinking, just thinking aloud. Maybe this stock market is not that yet established to do that. The weak suffers in silent.  Or maybe the mentality of investors here is to  bite the bullet  and move on.  Not  aware how to highlight the weaknesses in the system or the rights they have in the system.  medivh      ( Date: 02-Jul-2011 10:40) Posted: In many cases btw, if the guy  or pty has already run road.. they can sue them till bankrupt.. if declared bankruptcy, you think you still can get back your money? all loans  will be defaulted..  No one will  pay u back what you invest, This is not lehman bros..thats for sure.... Wishful thinking serious.. The banks are not going to help small retail investors.. they are going to help themselves first.. So my advice as usual.. move on ...

 

I had mistype in my previous comment.  What  I  meant was  unlikely can get back from the s chip owners. So wonder why we are not doing something similar to US style and consider if we have grounds to go after the auditors since we all looked at the audited accounts. Shareholders paid them annually to audit the companies accounts, if they did not do their work as expected of an auditor, we can ask for compensation as they are negligent. :) Maybe its wishful thinking, just thinking aloud.

Maybe this stock market is not that yet established to do that. The weak suffers in silent.  Or maybe the mentality of investors here is to  bite the bullet  and move on.  Not  aware how to highlight the weaknesses in the system or the rights they have in the system. 

medivh      ( Date: 02-Jul-2011 10:40) Posted: In many cases btw, if the guy  or pty has already run road.. they can sue them till bankrupt.. if declared bankruptcy, you think you still can get back your money? all loans  will be defaulted..  No one will  pay u back what you invest, This is not lehman bros..thats for sure.... Wishful thinking serious.. The banks are not going to help small retail investors.. they are going to help themselves first.. So my advice as usual.. move on ...