Sat, Aug 23, 2014, 11:28 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

FUQI INTERNATIONAL Message Board

  • busethics busethics Jul 1, 2013 6:58 PM Flag

    Where is the link that says company delisted?

    Does it make sense for the company to settle with the SEC if they are being delisted anyway?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I have been wondering about this myself for a long time. Fuqi has been granted all kinds of time extensions to get their quarterly reports in order........why would they agree to pay the fines if they didn't plan to be relisted
      My opinion is that they have been stalling for time, knowing perfectly well about the last 2 years reports rule by the SEC to be cleared of the previous fraudulent money transfers, thus Mr. Chong and the cohorts get to keep the $134 M and now by supplying the last 2 years financial reports and get relisted will have the privately held shares soar in value to possible $300 M ?? as it is fundamentally a good and profitable company

      Sentiment: Strong Buy

      • 1 Reply to josephcervenak
      • Refer to my 2 page message for details. The SEC said that it "revoke" the stock listing to protect shareholders. So that a good sigh for shareholders? Time will tell but the way I feel; what another 12 months after waiting so long for the market value or even book value to appear back again. This time the SEC is pushing the effort too. I think it all good. Just have to be patient............again!

        Sentiment: Hold

    • busethics - refer to ww*.sec.gov/litigation/admin/2013/34-69895.pdf

      • 1 Reply to ywrussell3723
      • UNITED STATES OF AMERICA
        Before the
        SECURITIES AND EXCHANGE COMMISSION
        SECURITIES EXCHANGE ACT OF 1934
        Release No. 69895 / July 1, 2013
        Page 1 of 2

        ADMINISTRATIVE PROCEEDING
        File No. 3-15367
        In the Matter of
        Fuqi International, Inc.,
        Respondent.
        ORDER INSTITUTING
        PROCEEDINGS, MAKING FINDINGS
        AND REVOKING REGISTRATION
        OF SECURITIES PURSUANT TO
        SECTION 12(j) OF THE SECURITIES
        EXCHANGE ACT OF 1934
        I.
        The Securities and Exchange Commission (“Commission”) deems it necessary and
        appropriate for the protection of investors that proceedings be, and hereby are, instituted
        pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”), against Fuqi
        International, Inc. (“Fuqi” or “Respondent”).
        II.
        In anticipation of the institution of these proceedings, Fuqi has submitted an Offer of
        Settlement (the “Offer”) which the Commission has determined to accept. Solely for the purpose
        of these proceedings and any other proceedings brought by or on behalf of the Commission, or to
        which the Commission is a party and without admitting or denying the findings herein, except as
        to the Commission’s jurisdiction over it and the subject matter of these proceedings, which are
        admitted, Fuqi consents to the entry of this Order Instituting Proceedings, Making Findings, and
        Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of
        1934 (“Order”), and to the findings as set forth below.
        III.
        On the basis of this Order and Respondent’s Offer, the Commission finds that:
        1. Fuqi (CIK No. 0001382696) is a Delaware corporation headquartered in
        Shenzhen, People’s Republic of China (“China”). Fuqi’s common stock is registered with the
        SEC pursuant to Section 12(g) of the Exchange Act and was traded on the NASDAQ Global
        Market, until it was delisted on March 29, 2011. As of June 13, 2013, Fuqi stock was quoted at

        Sentiment: Hold

 
FUQI
1.500.00(0.00%)Jun 28 3:18 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.