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LDK Solar Co., Ltd. Message Board

china_s2 38 posts  |  Last Activity: 4 hours ago Member since: Nov 7, 2007
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  • Reply to

    OT: Shanghai-Hong Kong Trade Link

    by china_s2 Nov 17, 2014 6:16 PM

    Day Four

    Northbound (Trades on SSE from HKE):

    Buy Orders, 2,309.73 million RMB, total 71,420 orders; Sell Orders 167.79 million RMB, total 8,249 orders. The 13 billion RMB daily quota was not tolled.

    Closing was -1.06% from Friday, having improved slightly, 0.07%, from yesterday.

    Southbound (Trades on HKE from SSE):

    Buy Orders, 281.50 million HKD, total 6,933 orders; Sell Orders 94.14 million HKD, total 2,797 orders. The daily 10 billion HKD daily quota was not tolled.

    Closing was -3.06% from Friday, and -0.10% from yesterday.

  • Recommended light reading:

    "Questions Surrounding Share Repurchases"

    by Peter Atkins, Skadden, Arps, Slate, Meagher & Flom, LLP, 8 March 2013, in the Harvard Law School Forum on Corporate Governance and Financial Regulation

  • Reply to

    5 million equals 6.6% of total

    by unwiredguy 11 hours ago
    china_s2 china_s2 11 hours ago Flag

    Per the last filed 10-Q (15 August 2011) the precise share count was 76,135,453. So, yes, it's consistent, and there has been no "secret" dilution. Equally, there has evidently been no "secret", massive repurchase, as alleged by some here.

  • Reply to

    OT: Shanghai-Hong Kong Trade Link

    by china_s2 Nov 17, 2014 6:16 PM
    china_s2 china_s2 Nov 19, 2014 5:01 PM Flag

    Day Three.

    Northbound (Trades on SSE from HKE):

    Buy Orders, 2,669.51 million RMB, total 81,6958 orders; Sell Orders 172.74 million RMB, total 9,095 orders. The 13 billion RMB daily quota was not tolled.

    Closing was -1.12% from Friday, and minus -0.22% from yesterday.

    Southbound (Trades on HKE from SSE):

    Buy Orders, 380.92 million HKD, total 9,532 orders; Sell Orders 115.0 million HKD, total 3,290 orders. The daily 10 billion HKD daily quota was not tolled.

    Closing was -2.96% from Friday, and -0.66% from yesterday

  • Reply to

    SPI buys another Chinese company

    by bombloze Nov 17, 2014 6:20 PM
    china_s2 china_s2 Nov 19, 2014 8:33 AM Flag

    I suspect it's on Yahoo!'s end. I noticed yesterday that some other posters were getting similar results; evidently Yahoo! took offense to the letter "A" in some circumstances. I posted another message on the ABAT board around the same time, that was unaffected.

    Go figure!

  • Reply to

    SPI buys another Chinese company

    by bombloze Nov 17, 2014 6:20 PM
    china_s2 china_s2 Nov 18, 2014 5:19 PM Flag

    bombloze;

    Seems to me th#$%$t Peng h#$%$s turned this into #$%$ de f#$%$cto Chinese RTO, #$%$nd is working diligently to dilute U.S. sh#$%$reholders out of the picture (in f#$%$ct, I think he's #$%$lre#$%$dy #$%$chieved th#$%$t).

  • Reply to

    OT: Shanghai-Hong Kong Trade Link

    by china_s2 Nov 17, 2014 6:16 PM
    china_s2 china_s2 Nov 18, 2014 5:13 PM Flag

    Day Two of the SSE-HKE cross-border link.

    Northbound (Trades on SSE from HKE):

    Buy Orders, 4,493.67 million RMB, total 95,288 orders; Sell Orders 224.0 million RMB, total 7,623 orders. The daily quota (13 billion RMB-note units correction from yesterday) was not approached.

    Closing was down (minus) 0.92% from Friday, and minus 0.71% from yesterday.

    Southbound (Trades on HKE from SSE):

    Buy Orders, 1,083.11 million HKD, total 17,386 orders; Sell Orders 145.950 million HKD, total 3,2598 orders. Again, the daily quota (10 billion HKD) was not tolled.

    Closing was down 2.32% from Friday, and minus 1.13% from yesterday.

  • Just a quick note on the debut day of the Shanghai-Hong Kong Exchanges Cross-Border Trading Link:

    Northbound (Trades on SSE from HKE):

    Buy Orders, 12,082.33 million RMB, total 147,484 orders; sell volume zero. Quota (13 million RMB) was tolled around 1:57PM local time and buy orders suspended. Judging by the final statistics (from HKE Exchanges & Clearing, Ltd), I presume that some orders were eventually cancelled, traded at a better price, etc..

    Southbound (Trades on HKE from SSE):

    Buy Orders, 2,318.11 million HKD, total 38,780 orders; sell orders 106.030 million HKD, total 2,608 orders. Quota (10 million HKD) was nowhere near being tolled.

    Both exchanges finished the day down slightly from Friday's close.

  • china_s2 china_s2 Nov 14, 2014 6:11 PM Flag

    "well see apple $300 in 21014"

    Considering that's around 19,000 years away, I'm skeptical whether we'll be able to adequately verify or rfute that particular prediction. Maybe you know something I don't.

  • Yesterday (6 November) the SEC handed down a decision denying an application by Smartheat, Inc. (HEAT) for a review of the NASDAQ decision to delist HEAT back in 2012. The decision may be found on the SEC site as Release 34-73555, under the "Commission Opinions and Adjudicatory Orders" tab.

    Inasmuch as the Commission's opinion takes up, inter alia, the issue of a U.S.-incorporated entity finding it difficult to receive money from PRC-based operat9ing subsidiaries, I thought it might make for interesting light reading.

  • Sichuan Western Resources Holding Company, Ltd., the parent of ABAT's new joint venture partner, is listed on the Shanghai Stock Exchange under ticker 600139.ss.

    Evidently, trading in their shares has been suspended since 30 September following the failure of the China Securities Regulatory Commission to approve a private placement of the company's stock.

    According to other filings found on Sichuan's corporate site, they own an 85% stake in Long Energy Technology (apparently also known as Dragon Energy Technology (Suzhou) Co., Ltd..). As of 31 December 2013, the Sichuan filing indicates that Long had total assets of 11,986.77 million RMB against liabilities of 1,689.90 million RMB.

  • Reply to

    Initial decision out: Revoked!!!!

    by kurtslade Nov 3, 2014 2:34 PM
    china_s2 china_s2 Nov 3, 2014 6:11 PM Flag

    I little hypothetical discussion:

    Time for the respondent to submit a petition for review doesn't start to run until service of the Initial Order is obtained. Now, I have no idea how long the SEC will take to get good service in this (although CBEH's counsel, Eugene Licker, evidently accepted service of the original OIP on CBEH's behalf in a reasonably timely fashion). For the sake of discussion, let's say seven days.

    In that event, we'd be at least 28 days away from a final order, with an unknown period remaining to resolve any review petition. If Licker accepts service without demur (i.e., no review petition is filed), I'd expect a final order to issue within a few days of the elapsed 28-day period. It's intriguing to speculate what might happen if the few holders of the remaining short position, small as it is, think CBEH will simply let nature take its course, so to speak, leading to revocation, probably, in early December. With the current low volume, might we see a bit of a price rise as they try to cover rather than get stuck?

    Good topic for discussion over some adult beverages.

  • Reply to

    CBEH is still trading

    by nicecougar2 Nov 3, 2014 4:25 PM
    china_s2 china_s2 Nov 3, 2014 5:52 PM Flag

    Yeah, the devil's in the details.

    Whilst the SEC's stance is unambiguous, as evinced by the language Grimes used in his opinion, procedurally CBEH's counsel could conceivably drag this out considerably by simply filing a petition for review. It's difficult to imagine what "...manifest error of fact..." they might demonstrate, given that they haven't heretofore raised an objection to the essential facts of the SEC's complaint (i.e., that they are delinquent in their filings).

    As I mentioned a couple of weeks ago, one of the precedent cases, In Re Eagletech Communications, went on for a year and more.

  • Reply to

    CBEH is still trading

    by nicecougar2 Nov 3, 2014 4:25 PM
    china_s2 china_s2 Nov 3, 2014 4:53 PM Flag

    Perhaps you ought to take a stab at reading kurtslade's entire post, with a view to culling the detail, rather than skimming the "headline".

    Pay particular attention to the last three sentences.

  • Curious about ABAT's new IR firm, I took a quick scout through SEC and OCT Markets Group filings for affiliated firms. Here are a few China-based clients, some of which will be familiar:

    Ticker Market Comment
    BOPH OTC Pink (n/a)
    CHDA NA Revoked 08-04-2014
    CHGS Grey Market Form 25 filed 05-27-14
    CGRE OTC Pink 15-12G filed 10-03-2014
    EESC OTC Pink 15-12G filed 03-30-2012
    NEWN Grey Market Form 25 filed 04-23-2013
    SGLA OTC Pink 15-12G filed 02-08-2012

  • The SEC issued its initial decision this afternoon regarding the revocation of China Integrated Energy (CBEH). Assuming the decision stands, CBEH will, indeed, be revoked.

    Details being posted on the CBEH board.

  • Reply to

    Initial decision out: Revoked!!!!

    by kurtslade Nov 3, 2014 2:34 PM
    china_s2 china_s2 Nov 3, 2014 2:55 PM Flag

    A particularly noteworthy portion of the decision:

    "China Integrated says that revoking its registration will harm its current shareholders. Opposition at 14-16. This is a frequently-heard refrain, see Impax Labs, 2008 SEC LEXIS 1197, at *37, America’s Sports Voice, 2007 SEC LEXIS 1241, at *14-15, that amounts to the shedding of crocodile tears. China Integrated, not the Commission, is responsible for the harm to current investors occasioned by the revocation of China Integrated’s registration. As noted, those current investors have been harmed “by the continuing lack of current, reliable, and audited financial information” about China Integrated “because they cannot make an informed investment decision.” Impax Labs, 2008 SEC LEXIS 1197, at *37; see America’s Sports Voice, 2007 SEC LEXIS 1241, at *15. Furthermore, the Commission has cautioned that “[t]he extent of any harm that may result to existing shareholders [from revocation] cannot be the determining factor in” deciding whether to revoke a registrant’s registration.” China-Biotics, Inc., 2013 SEC LEXIS 3451, at *14. Indeed, “[r]evocation is a prospective remedy and” can be “imposed based on . . . concern about protecting future investors in [a] Company.” Citizens Capital Corp., 2012 SEC LEXIS 2024, at *36."

    No ambiguity there as to the SEC's position.

  • Effective today (30 October 2014) LDK is trading under ticker LDKYQ.

  • Reply to

    Bankruptcy??

    by dart234 Oct 21, 2014 6:02 PM
    china_s2 china_s2 Oct 30, 2014 9:45 AM Flag

    "...it is no expensive to gamble with this penny stock, isn't it :) ?"

    That depends on how long you need to hold on, doesn't it? Remember, there is an annual depositary service fee of $0.02 per share assessed. At the current price level, that's, effectively a 10% or so interest charge just to hold it in your account.

  • Reply to

    HELLO Any Input Here???

    by poker_surfer Oct 26, 2014 4:51 PM
    china_s2 china_s2 Oct 29, 2014 1:21 PM Flag

    Go to the SEC's EDGAR site and pull up LDK's last 20F filing (the most recent is for FY 2012). Go to Exhibit 8, "List of Subsidiaries", and there you will find Solar Power, Inc., California, USA listed as a subsidiary.

    Unless they 1) falsified the 20F, or 2) divested themselves of the asset without informing shareholders (including SOPW shareholders) and creditors, the evidence suggests that it remains a subsidiary of LDK Solar, Co., Ltd..

    Twoheadedsnake and I have had out little disagreements in the past, but here I'd agree with him-having Peng Xiaofeng, with his previous track record, as CEO doesn't inspire a lot of confidence. LDK, in my view, owes much of its present circumstances to Peng's reach far exceeding his grasp.

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