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China Housing and Land Development, Inc. Message Board

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  • Reply to

    Burned Twice

    by needaclue7 Aug 25, 2014 2:07 PM

    Sadly, I think you're right.

  • These management purposely UNDER-MANAGE the assets and tank the value of the stock.
    We need a small hedge fund and bid a higher price and gain controlling interest from these crooks.
    Then open the process up for bidding.

    Sentiment: Strong Buy

  • Reply to

    Burned Twice

    by needaclue7 Aug 25, 2014 2:07 PM

    You make a valid point about small cap Chinese firms being cut off from US capital, but realistically, they are already at that point and have nothing to lose by these going private transactions which amount to theft of US investor money. I suspect the pace of going private transactions will increase, and the amounts "offered" to US investors will not get better.

  • Have been too long a bag-holder here (2.19 averaged, & for what 1.75?) Stayed too long at the fair as they say, (last yr CHLN topped $3!) This was my IRA double play in Chinese housing - along w/ EJ.. & after big risks of my IRA money in EJ. I kept averaging down the past 2+ yrs to a $ 7 cost in EJ & now up over there. But! CHLN is happy to screw us holders - just as they do it in many closed door hedge fund- Hamptons-Macau buyouts to some privatization on a company that doesn't need one. We know the initial partners of this co will get rich off this, but not todays shareholders. It sucks, and is done all the time in worldwide markets. Few can question that the company is worth 3.50, and $7+ in two years. Well tough;)

    Shoulda seen we were screwed when the CHLN "US" web site disappeared 2 mos ago.. and latest filings were way old… Will someone please just hit me on the head over and over…('web-speaking of course;) BUT never again let me be positive about Chinese markets. They were set up for players in a whole different league than US retired investors.
    Why not buy Myrannmar… Indonesia….Peru…Quatar…..Tesla?

    I have not been active on this site but have read this board- As we enter this new period of 'screwedness' it's good to know I'm not alone- and w/luck there are others out there, who might help me find how to use just FIVE low cost ETF's for my IRA - and put me out of my stock picking misery. (I'm gonna be 70 in DEC

  • Exactly. There will be no higher price. All this legal action will result in lawyers getting paid their fees and they will slink back to looking for more "injustices" to get paid even more fees.

  • Twice this year I have seen my investments in Chinese small caps stolen for pennies on the dollar by unscrupulous management practices. First YONG and now CHLN. You would think that the Chinese government would step-in, because otherwise their small start-ups are going to have an increasingly difficult time accessing US capital. At the very least, they won't be accessing MY capital again...

  • I would like to think it's different this time, but the sad truth is that these legal actions almost always amount to nothing except legal fees for the lawyers. The typical MO is this: 1. Law firm advertises for clients, gaining enough to have a cause for action, 2. Law firm files an injunction against the transaction going forward, 3. Company negotiates with law firm, 4. Law firm and company settle on terms involving nothing of value to shareholders/clients (like, say, a "clarification" of some statements in the proxy materials) but several million in fees to the law firms. Unfortunately, the law firms that pursue these types of securities lawsuits are just parasites extracting their ounce of blood. You are wasting your time if you participate...

  • PRNewswire – August 25, 2014
    Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of China Housing & Land Development, Inc. (NASDAQ: CHLN) (“CHLD” or the “Company”) on behalf of its shareholders relating to the going-private transaction by which the Company will voluntarily de-list from the NASDAQ Global Market and suspend its reporting obligations under the Securities Exchange Act of 1934. On August 25, 2014, CHLN announced the going-private transaction pursuant to which the Company will commence a reverse stock split where every 50,000 shares of publicly traded common stock will be converted into one whole share of CHLN common stock. Instead of issuing fractional shares, CHLN announced it would make a cash payment equal to $1.75 for each pre-reverse stock split share
    The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of CHLN for not acting in CHLN shareholders’ best interests in connection with the sale process of CHLN. The investigation seeks to determine if there was an adequate auction process and if certain insiders of the Company are underpaying for CHLN shares. Indeed, CHLN has a book value of at least $3.77 per share, and the stock traded as high as $3.18 within the past year. In addition, the investigation seeks to determine if there were any conflicts of interest on the part of senior management and members of the board of directors in buying the Company for their own self-interests.
    If you are a shareholder of CHLN and would like additional information regarding this matter, at no cost or expense, please contact us at 1-800-511-7037 or visit our website at tripplevy
    attorney advertising

  • Reply to

    So corrupt!

    by argyle46 Aug 25, 2014 7:33 AM

    This is a Chinese company. Are you surprised? This is how business is conducted there.

  • The company reported devastatingly bad earnings and a horrible forecast recently. Yet after that news i noticed heavy buying volume. I was wondering why the stock wasn't tanking. Now we know. The company is going private for $1.75/share. The corruption here is blatant. People were loading up the past few days on inside information not available to the public.

  • Not promotion, just real research.

CHLN
1.68+0.01(+0.60%)Sep 2 3:59 PMEDT

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