I do believe that lemon is spelled with an "o" rbt, but nice try. How are things at the factory?
How does that go, "Oh what tangled webs we weave...
I would need a supply of two by fours so that I could commence to pound some sense into that thick head of his. I am certain that he grew up ugly and his mother dressed him funny. I wouldn't be surprised if he does not live in a home for the mentally compromised. (I'm just sticking with the facts...if you catch my gist)
but that did not answer the question rbt. Your mumblings and rumblings are quite meaningless. Who is your "broker" rbt? The distinction you make is meaningless.
now rbt, there you go again... that is not what I am talking about. These are in the 1000s I am talking about here, and you change the subject. Why is it you do that? Why is it someone would sell at less then the market is offering?
and not to mention this, but I have done the sam,e thing on the prior two days and.... on each day, trading expired with the orders unfilled. I wonder what Gomer Pyle would say about that? Are there market makers out there cheating themselves on purpose?
Opened an offer at $0.40 cents early this morning. Order did not fill, yet the market
sold shares at $0.39 cheating a poor customer. Is this inefficiency or is this manipulation
at some niggling level of market value to deceive the general public?
I believe it was you rbt who was in 100% agreement that the solution to the problem was an extension of the loan. Yang was a director of CHNG with fiduciary duty to you. Understand? Yang was also the managing partner of Abax with a clear cut conflict of interest. Is this a bit too complicated for you rbt? If you can not recognize this, then it is your problem. Somehow, I think it is clear to you as you are Yang's boy, right?
You have to stand up and take the risk for yourself. It's time to be a man. If the heat is too hot in the kitchen, well... you can figure out the rest. You'll have to ask rbt what to do.
I really think you should get the specifics about the future from rbtsherman, I know that he is a lying #$%$ turb-blossom from who-knows where, but he seems to be the go-to person who artfully evades any specifics. In my opinion this is a bet on the character of the ceo, Shuwen Kang. (would you like me to repeat that for you again?)
Why would Abax pull or halt BK proceedings? There is no reason for them to do this. Don Yang and the Abax clan are trying to steal the equity position (your shares) of the company. If the judge, the lawyer for CHNG and the lawyer for Abax all get paid well enough they can ignore the obvious existence of tons of equity and #$%$ the shareholders. Try and get some perspective on what is going on here. Are the attorneys. the judge, the current board of directors of CHNG all corrupt enough to " waldo_mushman " the current shareholders and negate any substance of value for them? This is the game, why would they stop at this point. Big upside for them.
I think he can. If the Party wants this to happen, it will happen. (you know?) Like I was explaining to the exceedingly dense, rbtsherman, they dispute the balance, how can they pay off a loan that they, CHNG, believe is an incorrect balance? I think the issue is the $17m charge for warrants as an effective prepayment penalty. So they are in the devils dilemma, if they pay, they get #$%$, if they do not pay they are #$%$. So that is where we sit awaiting arbitration
and the mechanics for this are as follows: The take-out price for shares be it $10 per share or $8 per share are distributed via the direction of the Transfer Agent who has a judgement from the court holding the proceeds from the 3m or so shares owned by Quinan Ji. The funds are divered in accord with the court order from Delaware Class Action proceedings and that is the solution to most of the class action problems.
at least one of the class actions sues Quinan Ji personally. It was Ji, personally who
deceived the Board and lied to the SEC about "related transactions" to son & nephew.
It was Ji who signed the SEC statements and it was Sarbanes Oxley that made him personally responsible for the accuracy of the signed statements. When he signed the statements, Ji, knew that related
transactions were not properly disclosed. Ipso facto, Quinan Ji takes the hit. Personally. Settlements
reorganization and eventual assents for approval will likely address this issue. (what is it they pay attorneys for again???)
little hint for you, the loan balance is and has been... in dispute! No details have been disclosed, but from the sounds of it, CHNG does not want to pay the balance because (my guess) they feel they CHNG are being cheated by Abax. Surprise rbt? Your boy Yang is likely overcharging the company and he has peesed off a few of the here-to-fore bros, comprende?
It is a direct accusation by Yang, previously an insider, that is criminal in nature if true. If untrue, it is lebelous. (Is everyone in the SEC still at Fenway park looking for first base?) You will like the notion that he mentions shareholders, which blows the whole purpose of the statement because if there is shareholder "value" then by BK rules the creditors are satisfied.
ooops, if the PRC value of the company remained the same (all other things remaining equal) then your dollar exit price from the PRC would be, assuming the yuan/dollar move from 6 to 2, a triple to $750m. Not bad from an investor's point of view.
“… management and board have ignored their fiduciary duties to creditors and shareholders of the Company and are trying to minimize rather than maximize the value of the Company in order to return as little as possible to its creditors and shareholders and favor instead the interests of the variable interest entities and their management and ownership. “
This is an accusation by Yang of "fraud" on the part of current management trying to understate the value of the company. How is current management undervaluing the company, the book value is greater than $10 per share? Is this an oblique reference to the minority interest?
"Liquefied natural gas
While China has invested heavily in its Central Asia Gas Pipeline, the pollution-driven demand in northern cities suggests increased reliance on costly LNG.
Imports of the fuel by tanker have risen by a quarter in the first nine months of the year, Reuters reported. But it is unclear whether the government will raise prices enough to pay for the costs.
PetroChina chairman Zhou Jiping has estimated it may take four or five years to build capacity, and supply may still fall short of demand.
"The situation may resolve itself in a couple of years as additional LNG plants come onstream and if more pipelines are built," said Andrews-Speed.
"In the meantime, the country will fall back on coal, the 'swing' fuel of choice," he said.
If that is the case, the government's five-year plan to cut smog could be off to a difficult start.
Andrews-Speed suggested the government could promote energy-saving with a number of possible measures, including price hikes, closing inefficient plants, setting new efficiency targets or planned outages.
At the end of 2010, the NDRC ordered a series of electricity shutdowns as it struggled to meet five-year energy-efficiency targets."
So with the importance attributed to NatGas and LNG do you think CHNG is a likely liquidation in pieces? It is true, that most articles refer to import of expensive LNG while the Shaanxi plant is for conversion from natgas to LNG, the importance of this plant is not only a function of the American market place of manipulation it is an essential part of a 5-year plan of the Chinese government.