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China Natural Gas, Inc. Message Board

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  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    well, rbt, I am certain that everyone feels enlightened to know which stocks you are investing in.

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    i believe I saved a lot of people money
    I told a few years ago this stock was worth less and why for those that wanted to check

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    i am not following the case any more
    The stock it self is worth less
    And any thing in court there is nothing I could do to effect it
    As far as China
    Its grown in % more than any country in the world and its a large country
    They have a massive debt held by their banks
    Huge over leading
    It will take them years to correct
    I own a little snp and ptr
    I will not be buying any Chinese stocks for a while
    I am buying t rowe price small caps because they are down so much and of coarse more India mathues mutual fund,my largest holding and some none leveraged ng mlp with little debt
    China is not in that position that it will not bring the US into a recession
    We can not compete against them ,period in many things
    They in a few years will be back on top and the Us will not
    There are just safer plays in the US and China might have a bigger correction than us
    We are just turning socialistic and increasing our debt and not correcting any of our problems
    China is correcting

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM
    lemew@frontier.com lemew Feb 5, 2016 4:01 PM Flag

    rbt,
    little testy there boy. you were wrong. Q-Ji will pay and he will have no say about it. Indeed he has already paid on the SEC penalty. I think it is time for the Japanese to come in and run the country again. The Chinese are so incompetent and deceitful. You know I am right about that, eh?

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    i can look at the original document and have
    Covers stock bought and sold during a certain time frame and added to include ones that did not file but the original time frame still apply s
    in simple terms thats easy to understand
    Ones that surrendered get the $4plus interest,.the price they surrender at plus the difference of $4 and price bought
    They does not leave much for any one else

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    lets see
    you ask
    i gave
    Whats your history
    You thoughts the suits would not survive
    you thought the loan company was corrupt and they will get most of the company
    you think the ex president is going to have to pay some thing
    He is not as there is no way to get any money from him and chng stock is worthless and so they can nt get any thing from that
    You thought their assets where worth huge as reported
    They are not as asset are largely what they can produce in profits and from the last reported no profits if you include interest
    Yes one day you will be right on some thing

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM
    lemew@frontier.com lemew Feb 5, 2016 2:23 PM Flag

    rbt,
    I do not think you are the dumb bell that you pretend to be. You should spend the time to view the court documents that describe the calculated loss and to whom the loss pertains.
    Your guess on the matter is irrelevant. Your guess is also wrong. Do the homework.

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    and of coarse none of the law suits cover at all cover present owners of the stock

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    so a guess
    You surrendered
    $4plus interest plus 10 cents ,$5.10 share
    You did not surrender but bought in that time frame
    10 cents

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    i have always said
    those that surrender will get the most and by a lot
    At thew end of the period
    All investors but those that surrender shares could have sold their stock at $4
    If they did not
    Thats their fault
    And the court will not give a penny of that $4
    Those that surrendered get the $4
    Than any thing else might be divided by those that surrender and those that did not
    And the way I see in this case its only for share holders that bought during this period
    Thats for the insurance money

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    i have not looked up what the courts says on the amount
    It would depend on when bought and sold
    I used the $2 a share if you bought at the beginning and held all the way threw and if not surrender shares
    Your numbers are so so far off
    Those that bought in the beginning of dates and surrendered shares
    get $6 a share plus interest
    Even if they bought near the end ,they get $4 To$5 if they surrender plus interest
    They surrendered at about $4
    So they get that $4
    They get every penny they invested and i think 1st
    And those that bought and did not surrender could get very little
    and could bring the average amount gotten to a very small amount .You use that number at its eats up a lot of money and so your calculation are so far off
    At the minimum those that surrendered with get at least 2.5 times those that did not
    So if you did not surrender you are going to get little

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM
    lemew@frontier.com lemew Feb 3, 2016 12:51 PM Flag

    the entire judgement is for $10.4 million, or about $0.48 per share. The court papers conclude loss of approx $1 per share. Have you not read these?

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM

    as i have said before
    its for certain dates
    its says so several times
    share holders who had purchased
    so you just have to go back to original time frame frame of the case
    they are just asking that others besides the 105 be included and if you did not surrender shares you would just get about $2 plus interest
    Nothing new
    Just that these $2 none surrendered shares may get threw 1st case
    But 1st
    They have to get insurance money
    Second there has to be enough money

  • Reply to

    judgement against Q-Ji is $10.4 million

    by lemew Jan 15, 2016 4:25 PM
    lemew@frontier.com lemew Jan 18, 2016 8:51 AM Flag

    Vandevelde v. China Natural Gas Inc et al, No. 1:2010cv00728 - Document 23 (D. Del. 2011)

  • Reply to

    rbt's mein Kampf

    by lemew Jan 15, 2016 1:01 PM

    a correction
    suit 1 requires that you bought at a certain time
    Those that surrenders shares get About $7 to $8 with interest
    I believe 105 investors
    Those that bought in that time and did not might get some thing ,around $2.50 a share.I have some of that,small
    Of coarse.it depends on whether they get hold of insurance money
    Of coarse any body could sell their rights,thats too big to discuss

  • Reply to

    rbt's mein Kampf

    by lemew Jan 15, 2016 1:01 PM

    and of coarse
    any one wanting to do research and can read
    suit 1 only includes shares bought at the time frame given

  • Reply to

    rbt's mein Kampf

    by lemew Jan 15, 2016 1:01 PM

    As far as the insurance
    The accounting department was in on it
    That means chng was in on it in the US court
    But anything could be different in a chines court
    And just because it settles does not mean that the US can get the funds

  • Reply to

    rbt's mein Kampf

    by lemew Jan 15, 2016 1:01 PM

    for those that want numbers
    suit 1
    this are pure guesses on some things
    30 million shares traded during that time
    105 investors surrendered shares and will get $6
    the rest might get $2
    We will say the The the $6 was a million shares
    6 million
    We will say ones like me that did not register and surrendor
    2 million shares
    thats 2 times 2
    4 million dollars
    I said years ago
    suit one would probally be in the 5 million to 20 million,i believe
    Than suit 2 would be the rest settled if and when bankruptcy is settled
    Between suit 1 ,suit 2 and the loan
    There is almost zero chance of any money left
    I told this years ago
    Just the loan would probally be 80% of the plant
    Whether China will let suit 1 collect is not even known
    I assume that the insurance policy was from the vere
    A Chinese company
    And we already now the limited control that the court has on it
    There is nothing to be done
    Yes it would be nice if the insurance was settled
    I would like and great if it did
    For those that did not purchase at that time
    You will need to wait for bankruptcy done
    The shares I purchased during that time where small
    If you take and average settlement of say $3.50 a share on both lawsuit and the loan getting say 80% of the plant,There is nothing left
    Some thing I told you years ago

  • Reply to

    rbt's mein Kampf

    by lemew Jan 15, 2016 1:01 PM

    i have not looked into the 1st to see if you bought and did not surrendered shares and could collect a dollar or two but you would not get the full amount of purchase price for sure

  • Reply to

    rbt's mein Kampf

    by lemew Jan 15, 2016 1:01 PM

    i have never ed said they where not
    one requires that you bought at a certain time and you surrender shares
    the other just requires that you owned

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