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Central European Distribution Corp. Message Board

jtraphael 6 posts  |  Last Activity: Nov 21, 2014 2:38 PM Member since: Aug 31, 2011
  • jtraphael jtraphael Nov 21, 2014 2:38 PM Flag

    Wow, has anyone relayed this info to Barrons, and ask why they cover Chardan?

  • It is hard to believe that a firm that was fined 40k for violations of short selling rules has credibility (see below) and is pressuring HIMX's stock so much. Why would anyone trust these guys? IMO, this whole thing smells with Jay and Chardan.

    Huiheng's filings show the firm executed the reverse merger with help from Richard Propper, a venture capitalist and financial strategist. He's the CEO of Chardan Capital, a San Diego merchant bank with a website that says it works with "medium sized enterprises in the People's Republic of China." The website also says the bank invested $10 million in Huiheng.
    Propper gained voting and investment control of more than 52,000 shares of the firm's preferred stock, SEC records show. That's an ownership class that usually has a higher claim on a firm's assets and earnings than common stock.
    Propper teamed on Huiheng with his son, Kerry Propper, CEO and co-founder of Chardan Capital Markets, a New York investment bank. That bank and Roth Capital Partners, a California investment bank, were co-underwriters for a planned 2008 Huiheng stock offering that was later withdrawn, SEC records show.
    Chardan Capital Markets was censured and fined $40,000 for three violations of short-selling rules from 2005 to 2009, Financial Industry Regulatory Authority records show. The bank, co-founded by Propper in 2003, consented to sanctions without admitting or denying findings.
    Roth is a defendant in securities fraud lawsuits that seek class-action status and involve other Chinese reverse-merger companies, court records show. One, Duoyuan Printing, disclosed in March that the SEC is conducting a fraud probe. Roth, which is fighting the lawsuits, declined to comment about Huiheng.
    The Proppers have worked on reverse mergers of several other Chinese firms, often earning fees or stock. But financial results of some of those firms have proven far less than stellar.
    One was A-Power Energy Generation Systems

  • Reply to

    This is what I wrote to HIMX's IR

    by goselsap Nov 14, 2014 10:12 AM
    jtraphael jtraphael Nov 14, 2014 11:43 AM Flag

    Have you filed for a formal investigation into Jay and Barrons regarding alleged stock manipulation? If you put your facts together, and send a certified letter to Mary Jo White. If you have your facts together, they will definitely investigate them.

    I have followed a lot of stocks, and have never seen such a constant bashing by one analyst towards a stock. Also, Barrons article is so misleading.

  • jtraphael by jtraphael Oct 17, 2014 1:25 PM Flag

    The stock starts to show signs of life, and then it is hit by a downgrade, and the shorts pile in. These analysts are so crooked.

  • Is there any news? Why has this stock on such a losing streak?

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