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Jade Art Group Inc. Message Board

anullseerip 3 posts  |  Last Activity: Apr 10, 2014 4:50 PM Member since: Oct 8, 2012
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  • anullseerip anullseerip Apr 10, 2014 4:50 PM Flag

    n_s_a... still spreading the word I see. You could have quoted this and called it a day bub. Are you still following NQ?

  • anullseerip anullseerip Apr 10, 2014 4:47 PM Flag

    From the ONP 10-4 2013..."Our operations and financial results are dependent on Orient Paper HB in which we have no equity ownership interest and must rely on contractual arrangements to control and operate the businesses of Orient Paper HB. These contractual arrangements are not as effective in providing control over Orient Paper HB as direct ownership. For example, Orient Paper HB may be unwilling or unable to perform their contractual obligations under our commercial agreements, including payment of consulting fees under the Exclusive Technical Service and Business Consulting Agreement as they become due. Consequently, we will not be able to conduct our operations in the manner currently planned. In addition, Orient Paper HB may seek to renew their agreements on terms that are disadvantageous to us. Although we have entered into a series of agreements that provide us with substantial ability to control Orient Paper HB, we may not succeed in enforcing our rights under them insofar as our contractual rights and legal remedies under Chinese law are inadequate. In addition, if we are unable to renew these agreements on favorable terms when these agreements expire, or to enter into similar agreements with other parties, our business may not be able to operate or expand, and our operating expenses may significantly increase."

  • anullseerip anullseerip Mar 12, 2014 3:40 PM Flag

    Gushan (GU) was bought out. It was not de-listed by the SEC.

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