China Gaoxian   

ChinaGaoxian

I once interviewed a guy from US for a certain position. After reading his resume, I told him to send a copy of his credentials. He told me, his house caught fire and lost everything during that time...LOL!!

medivh      ( Date: 25-Apr-2011 11:30) Posted: Double premiums  also  not enough to prevent all these so called " fire or my dog-eat the books " excuses coming from  them.. Now you see no matter how clean someone can be, it is just a facade. A person can appear like he has no bad records.... but human is still human. The truth is still out there...awaiting more unravelling.   niuyear      ( Date: 25-Apr-2011 10:57) Posted:   Insurance companies must double load up the premiums against china companies before accepting them into the fire insurance

 

Double premiums  also  not enough to prevent all these so called " fire or my dog-eat the books " excuses coming from  them..

Now you see no matter how clean someone can be, it is just a facade. A person can appear like he has no bad records.... but human is still human.

The truth is still out there...awaiting more unravelling.

 

niuyear      ( Date: 25-Apr-2011 10:57) Posted:   Insurance companies must double load up the premiums against china companies before accepting them into the fire insurance. Joe2020      ( Date: 25-Apr-2011 10:49) Posted: Fire at Sino Techfibre factory destroys records Business Times (subscription)  - Winston Chai  - ‎ 4 hours ago‎ A FIRE at the China factory of mainboard-listed Sino Techfibre could further obscure an ongoing probe into its books as key financial records have reportedly been destroyed in the incident.

 

  No exclusion of   the UNDERWRITERS' responsibilities in this saga and those of the china s-chips..     

 

  Insurance companies must double load up the premiums against china companies before accepting them into the fire insurance.

Joe2020      ( Date: 25-Apr-2011 10:49) Posted: Fire at Sino Techfibre factory destroys records Business Times (subscription)  - Winston Chai  - ‎ 4 hours ago‎ A FIRE at the China factory of mainboard-listed Sino Techfibre could further obscure an ongoing probe into its books as key financial records have reportedly been destroyed in the incident.

 

Fire at Sino Techfibre factory destroys records

 

"   ....Its clear, its cloudy......"

 

Cloudy on a clear day or clear on a cloudy day?  You must have got that special wonder girl spectacles to see this type of weather.

teeth53      ( Date: 22-Apr-2011 14:53) Posted: " don't learn through life, learn to grow with life " Its clear, its cloudy. B4 and after listing CGX in KOSPI teeth53      ( Date: 16-Apr-2011 18:42) Posted: Further damming S-chip...ya, not all S-chip is of bad egg. There is business for them, understand their business, and will understand how to survive, after collecting so much from the  Korean, oni if they know how to revamp, err...not revamp, but to rejuvenate, if not it will relapse again...ZZZzzzzzzzz

 

I know u still love me.

The more u whack me, the more i feel your love :)

Hulumas      ( Date: 24-Apr-2011 15:43) Posted: So rude! warrenbegger      ( Date: 23-Apr-2011 00:36) Posted: I think those angry korean already happily standby their cannon, missile and even atomic bomb to wellcome Foreland liao. And they will, Make sure all mega short + anyhow short + strategty short + ah siao short + ghost short + dragon 18 palm short + sailormoon short + ultraman short + terrible and horrible short till  new china IPO  die pain pain until cannot pain anymore, short until their own country also  cannot recognise their S-cheat. Short until they go bankrupt on the same day! LOL!!!

 

So rude!

warrenbegger      ( Date: 23-Apr-2011 00:36) Posted: I think those angry korean already happily standby their cannon, missile and even atomic bomb to wellcome Foreland liao. And they will, Make sure all mega short + anyhow short + strategty short + ah siao short + ghost short + dragon 18 palm short + sailormoon short + ultraman short + terrible and horrible short till  new china IPO  die pain pain until cannot pain anymore, short until their own country also  cannot recognise their S-cheat. Short until they go bankrupt on the same day! LOL!!! james87      ( Date: 22-Apr-2011 11:52) Posted: I just read from CIMB research saying that Foreland is considering a dual listing in Korea....still got ppl dare to buy??? Foreland also dealing with fabric...and CGX is far better in terms of establishment. I doubt the respond will be good....GCX....how long more....

 

One of many reason: Money supplies has somewhat been tighten in China bank borrowing....on food, oil px and China tightening policies.

Do oneself a flavour, (homework and own analysis--win or loss) is ur money, a very personal decision and took your opportunities well.

(Got profit--do take some and always leave some for others)

09-02-2011 08:59:05: TAKE A LOOK-Asia C.banks: China raises interest rates, more to come

China raised interest rates on Tuesday for the second time in just over six weeks, intensifying its battles against stubbornly high inflation that threaten to unsettle global financial markets.

27-Feb-2011 17:11 Others     /    Why S-chips keep falling down despite STI soar!      (see one of many reason)

Following is some China related companies  (for is happening) stated by Andrew reasoning....

• China Hongxin Sports (S$322m)
• Chinagaoxian (374.4m)
• Jurong Tech (S$130m)
• Fibrechem Tech (S$96m)
• China Milk (S$177m)
• China Sun (S$44m)
• Sino Env (S$45m)
• Celestial Nutrifoods (S$108m)
• ...............
• ............... 

> Can add more to this listing..........?. thk...ya.


 

 

Though I understand the situation is as bad as it seems to be now...but I just cannot believe the company can be allowed to operate while holding onto investors's money. I would like to believe if the money is gone..someone has to be responsible at least...and company has to liquidate all its assets to compensate its bond holders....loan parties...then shareholders...no?

 

Hi and just wish to thk and appreciate, Master Andrew, b4 and in the aftermath:

No body will want to take heal, while almost everyone is happy busy making money. (Those are angry word.)

U did your own analysis, that very good. (my remisier told me--not to touch). Currently in susp...at 0.19 cents 

a) BB/traders knew long time......

1) Cornerstone investor wasted.......

  BB want to say also cannot......on fear it will cause a run.......

Simply put it .........common sense. Which many failed......

 

teeth53      ( Date: 01-Feb-2011 21:09) Posted: Re-freshing again, this time is set @ 0.405c. short term, never fade away. Hohoho...Still many gangho punters got lured and got caught into tis spectacular Chinagaoxian. UOBKH does not enuff to carry on this promotion. many it bot to believe it'll chiong beyond 0.50c on opening. teeth53      ( Date: 30-Jan-2011 21:41) Posted: Meanwhile who will be undertaking care of margin lost,  those pay up matters when it time to pay up ??. Go long or short, buy/sell/hold or let go--it all a very personal choice. Happy trading along, take care. Share Likely  to Overhang Many small  retailers have been lured and got caught  into Gaoxian shares  b4 tis big huge run up, even till last minute calling for at least 0.50c for continuing calling for load up, load up before anything else, refering to  KOSPI anticipated speculative share price, which is set at 0.405c. Many who bot at the high of 0.47c, would be awaiting anxiously for  their chances to get out of the this burnt pot, history has it now, can takes a long time b4 CGX share price can recover to its previous high as no  BBs boys would be senseless or foolish enuff to come along to undertaking losing position of the retailers who bot at an ever increasingly higher and riskingly  price. Thus, would be  sellers dying to come out of their losing position at every turn, that sell into strength or cut it lost. teeth53 thot - Sharing and speaking from past experience. It your choice, do take care not to get hurt again.

 

If you can see teeth around....it is probably ITE.

CGX break the taboo of getting into trouble on its books even when it is only audited recently for the KOSPI listing.  This break the assumption that Dual list guarantee that the company is good to invest.

It is all about the circle of trust.........


The aftermath :

a) BB/trader knew long time that this company would be in trouble. 

Symptoms:


1) Cornerstone investor wasted no time to cash out, the moment the lock out period expired.

2) CGX consistence to ask for cash and in such a short span of time.

3) Management are selling out their share.


Simply put it .........common sense. Which many failed......

BB want to say also cannot......on fear it will cause a run.......they start to say because it has happened.....a very important note.

Remember hor, Before....cannot say....After......can say.


b) Either auditor fault or something else.....

Current situation point to a legislative disadvantage in PRC way of defining a firm.

You all read the article from ST.......the key word here legal representative and company's seal.

Legal representative are like demigod in their universe. Together with the company's seal, he (gender inclusive) can do anything they want......like moving/transferring cash/asset out of the company they represent. They CANNOT be fired by anyone except he resigns......Of course, there are other way too.....


My understanding from a friend of mine said that everybody knew of this issue in PRC.  To maintain check and balance, the key figure in the management will usually hold the company's seal.

So......the question here is did the management of CGX knowingly let the legal representative did something to the company ? The answer is almost complete with the departures of the management.

c) The oldest of all questions

Is there god ?  Really......the oldest of all question.  Ask any China man (gender inclusive) and they will tell you that when you die, you become a pile of shit........and there is no God in China. Yes....there are churches, mosques, and temples.....but no God lor.

Perhaps, it is simply not enough of the mass.

Many People in China become greedy for money.......

This is the surprise when I ask about CGX......He ask me if I believe in God.....I gave an immediate answer.

d) May 31st

SGX has instructed all related type of companies to report if they implement a many thing in their wishlist.....including a rule to fire legal representative in their respective entity.


 

So......still can play S-chips ? Of course can, but you need more more more more more more more effort beside the usual TA/FA.  U need to have a very very very watchful eye on it lor.

For my other stocks.....I do bi/weekly catchup. For my Unifood, everyday lor

oceanphilic      ( Date: 23-Apr-2011 18:55) Posted: dear mr teeth53, pls stop ur inane " it is clear it is cloudy" BS..it's plain annoying and contributes Nothing to the forum discussion. perhaps if u were an all seeing omniscient being (which u obviously are not), u would have been a multi billionaire by now. Seeing as how u are trawling through forums posting inane 'mystical' shamboos, i think u're no wiser than the average forum poster (although definitely far more annoying). teeth53      ( Date: 22-Apr-2011 14:53) Posted: " don't learn through life, learn to grow with life " Its clear, its cloudy. B4 and after listing CGX in KOSPI

 

teeth53 seems to know CGX can resurrect if they know how to make use the funds available... care to share more

 

dear mr teeth53, pls stop ur inane " it is clear it is cloudy" BS..it's plain annoying and contributes Nothing to the forum discussion. perhaps if u were an all seeing omniscient being (which u obviously are not), u would have been a multi billionaire by now. Seeing as how u are trawling through forums posting inane 'mystical' shamboos, i think u're no wiser than the average forum poster (although definitely far more annoying).

teeth53      ( Date: 22-Apr-2011 14:53) Posted: " don't learn through life, learn to grow with life " Its clear, its cloudy. B4 and after listing CGX in KOSPI teeth53      ( Date: 16-Apr-2011 18:42) Posted: Further damming S-chip...ya, not all S-chip is of bad egg. There is business for them, understand their business, and will understand how to survive, after collecting so much from the  Korean, oni if they know how to revamp, err...not revamp, but to rejuvenate, if not it will relapse again...ZZZzzzzzzzz

 

But no all companies are born the same.......give them a chance lor......so buy sucker....

warrenbegger      ( Date: 23-Apr-2011 00:36) Posted: I think those angry korean already happily standby their cannon, missile and even atomic bomb to wellcome Foreland liao. And they will, Make sure all mega short + anyhow short + strategty short + ah siao short + ghost short + dragon 18 palm short + sailormoon short + ultraman short + terrible and horrible short till  new china IPO  die pain pain until cannot pain anymore, short until their own country also  cannot recognise their S-cheat. Short until they go bankrupt on the same day! LOL!!! james87      ( Date: 22-Apr-2011 11:52) Posted: I just read from CIMB research saying that Foreland is considering a dual listing in Korea....still got ppl dare to buy??? Foreland also dealing with fabric...and CGX is far better in terms of establishment. I doubt the respond will be good....GCX....how long more....

 

I think those angry korean already happily standby their cannon, missile and even atomic bomb to wellcome Foreland liao. And they will,

Make sure all mega short + anyhow short + strategty short + ah siao short + ghost short + dragon 18 palm short + sailormoon short + ultraman short + terrible and horrible short till  new china IPO  die pain pain until cannot pain anymore, short until their own country also  cannot recognise their S-cheat. Short until they go bankrupt on the same day! LOL!!!

james87      ( Date: 22-Apr-2011 11:52) Posted: I just read from CIMB research saying that Foreland is considering a dual listing in Korea....still got ppl dare to buy??? Foreland also dealing with fabric...and CGX is far better in terms of establishment. I doubt the respond will be good....GCX....how long more....

 

" don't learn through life, learn to grow with life "

Its clear, its cloudy. B4 and after listing CGX in KOSPI

teeth53      ( Date: 16-Apr-2011 18:42) Posted: Further damming S-chip...ya, not all S-chip is of bad egg. There is business for them, understand their business, and will understand how to survive, after collecting so much from the  Korean, oni if they know how to revamp, err...not revamp, but to rejuvenate, if not it will relapse again...ZZZzzzzzzzz teeth53      ( Date: 22-Mar-2011 21:07) Posted: Its clear, its cloudy. Well...is certainly is going back where it belong...Basic to basic. Now is not quitely going, but angrily, many is asking why it has to be like that ??

 

From SGX announcement,  at least 2  Top mgt (CEO & ED)  were  told to go. These  2  may be facing legal action later on,  as  legal counsels from Spore, Korea and Beijing were appointed now.

• Executive Director Liu YiJie - resigned at the request of Audit Committee
• CEO Cao Xiangbin - resigned as CEO at the request of Audit Committee.
• Executive Director Lau Chong Kong - resigned due to poor health.
• CFO Raymong Wong - resigned to pursue personal interest.

 

I just checked SGX...the executive director for zhejiang HG and CFO can just resign like that...should only be allowed to resign after everything has been settled..one resigned due to health..the other retirement..sian. Seems more like run road to me....

 

I just read from CIMB research saying that Foreland is considering a dual listing in Korea....still got ppl dare to buy??? Foreland also dealing with fabric...and CGX is far better in terms of establishment. I doubt the respond will be good....GCX....how long more....