Mon, Apr 21, 2014, 7:42 AM EDT - U.S. Markets open in 1 hr 48 mins

Recent

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

Cliffs Natural Resources Inc. Message Board

stockgangster 20 posts  |  Last Activity: Apr 14, 2014 9:53 PM Member since: May 5, 1998
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • you don't know you are fooled. This whole thing is a scam. Sorry about your losses.

  • stockgangster by stockgangster Apr 7, 2014 12:06 PM Flag

    Basic weighted average shares outstanding 36,425,094 compared to q1 2008 25,015,089
    Diluted weighted average shares outstanding 46,760,632 compared q1 2008 30,508,410

    and now?? Tell me this is not dilution!!

  • stockgangster stockgangster Apr 7, 2014 8:22 AM Flag

    If you rely on Google translation service to do your stock DD research, good luck with your investment. As I said, I don't short a stock with $3 gain max.

  • Reply to

    sorry about your nativity

    by stockgangster Apr 6, 2014 9:25 AM
    stockgangster stockgangster Apr 6, 2014 2:04 PM Flag

    That's a lot of questions for me to answer but unfortunately I can't for most of them. I don't have concrete idea whether the business is legit or not as I don't have first hand material to prove the company is a sham. But my first instinct tells me that the company is operating under some kind typical old tricks that most of Chinese frauds were operating on. First, it has big name (China recycle... like China Media Express (CCME), duh! ), second it tries very hard to convince US investors that it operates in a hot sector with minimum competitions (as said in their SEC filing), third it made a lot of money and had famous US investment firms baking it. Well, when things looks too good to be true, it generally will be. I can tell you that Carlyle's investment does not mean too much as it happened in 2007 when a lot US investors blinded throw their money on any Chinese related issues. And a lot of them was later revealed as plain fraud. That's the experience I learned from many years in investing in China related companies. Several things you have to ask yourself are:
    1) if business is so brisk, why they have to sell their common shares to ordinary main street small China investors for merely $0.3/share. A lot of you said this was old news. Well, tell me then why this is old news and won't affect the share price. You know the shares count were swelled from under 30 million to more than 60 million in 3 years, don't you? 2) if the business is so good as they claimed in their filling, why they wouldn't withdraw their listing from US market and re- list them in Chinese stock market and still endure such a depressed stock price.

    When you invest in a company, you need to be rational and calm in stead of being emotional and blinded fall in love with what you bought. Especially when you dealing with foreign stocks which you have very limited knowledge about. I maybe deadly wrong about prospects of this company but now my doubts about the company is prevailing for now.

  • stockgangster stockgangster Apr 6, 2014 1:35 PM Flag

    Carlyle investment happened in Nov. 2007, a time amid massive fraudulent Chinese reverse mergers were listed into US market. The investment is not a guarantee that the company is not a fraud as a lot of such companies attracted US VC firms to invest in them. I can give you a few names like CCME and sino-forest which all got famous US investors's backing and all later being revealed as big frauds. Here is an article in 2009 in Chinese that says how some small investors in China was duped into investing in original shares of CREG at $0.3/share and wanted to get their investment back but couldn't.

    盈丰科技”何时解套?
    2009年03月28日 07:50沈阳晚报【大 中 小】 【打印】 已有评论0条
    公司承诺1元/股回购

    买原始股照样被套!

    投资者向本报记者反映,他们在两三年前购买了西安盈丰科技公司的原始股,如今公司联系不上。这些原始股何时才可以解套呢?

    疑问:

    当年“上市公司”去了哪里?

    刘先生2005年11月接到一投资公司电话,说代销盈丰科技的原始股,2元/股。盈丰科技承诺三年内在美国中小板上市,假如未如期上市,公司将以不低于2元/股的价格回购。刘先生赶到该公司所在的大厦,看到公司挺气派,又往盈丰科技打了电话,证实确有其事,就投资1万元买了5000股。

    “目前三年多过去了,公司没有再联系我,上市还是回购没有说法,我也找不到那家投资公司,该怎么办?”刘先生说。

    架不住推销员频繁电话推介,70岁的市民李女士也在2006年2月买了7000股盈丰科技原始股。2008年,盈丰科技工作人员说,公司已经改名为“中国循环能源公司”在美国上市,向李女士又要了1280元,将原股权证更名。“手里光有股权证,没有分红,也不知道如何交易?”李女士说。

    进展:

    公司承诺每股一元回购

    盈丰科技去了哪里?记者经过调查,发现它现在已经更名为中国循环能源有限公司。在公司网站上,股票信息显示:该股票在美国OTCBB市场价格为0.5美元。

    记者按照公司网站留下的电话,联系了中国循环能源有限公司西安总部,证券部工作人员说,原始股持有人一般都限制流通,要想解除锁定,还要交纳80美元的费用。7000股原始股目前值多少钱呢?记者问。工作人员说,2007年公司曾进行缩股,按照目前股价,7000股价值不足1万元。记者问:公司股票都上市了,怎么投资者没有获得超额回报?工作人员说:股价最高曾达到过3美元左右,按照那样计算,投资收益也翻倍。不过现在行情不好,都亏本了。

    根据记者提供的线索,多名投资者与中国循环能源有限公司取得联系,公司承诺以1元/股的价格回购,相当于两年亏了50%。投资者要想将原始股在OTCBB市场卖出去,需要自行找一家美国券商开账户。

  • Reply to

    A MESSAGE TO CREG MANAGEMENT

    by jwtechy Apr 6, 2014 8:50 AM
    stockgangster stockgangster Apr 6, 2014 9:33 AM Flag

    I want to ask you a couple of questions. Are you Chinese or a US investor? If you are a US investor, do you have capability of reading Chinese? Being a loyal CREG investor, what do you rely on for you DD research? Good luck with your investment.

  • stockgangster by stockgangster Apr 6, 2014 9:25 AM Flag

    you need to quit dreaming as the company not only not going to buy back stock, but also going to dilute you into oblivation.

  • the company looks like a plain fraud to me. You can look yourself at their Chinese site for the past financial report. The outstanding shares swelled from 30 million ago to 60+ millions in just 3 years. Why? baidu the their Chinese name and you can see that a lot of negative news related the company issuing original shares in Chinese market at $0.3 before they went listing in US and a lot of those street investors were inquiring how they could recoup those investment. The company were advising those people to pay US $90 to register those shares and to be eligible to sell them in US open market. That's why you've been seeing the rapidly increasing shares outstanding. So if those investors bought the shares at $0.3, they would be in the money for 10 fold. What you would expect them to do? This is typical scheme for some shady Chinese companies to cheat unknown US investors into this kind of fraud. You have to ask yourself, if the business is so bright as they claimed. why the hell they want to sell their original shares in China for merely $0.3 as share?!!

    Call me stupid if you will. I know truth hurts. I was fighting with a lot of naive US investors on another big fraud "CCME" 3 years ago. You can search my posting on that company in here and see what I said. Eventually, the company was delisted and was trading on pink sheet for a few cents. Is your money and I don't gain or lose if you gain or lose. I don't short a stock with only $3 gain.

    I was burned on another Chinese fraud called Fab international 'cause I believe that investment by Jim Rogers was the guarantee that the company is free from fraud. But I was deadly wrong. Guess what? That company used the same tactic of selling their commons to Chinese main street small investors at $0.5 and they promised that the shares would be worth a lot of more if listed US. It did for a while but was quickly halted by being revealed as fraud by some smart investors.

  • stockgangster stockgangster Apr 1, 2014 1:36 PM Flag

    I am not shorting the stock. Just want to let people know what I found out. It's your money and nobody cares whether you lose or gain. Best of luck with you sound investment anyway because you are going to need it.

    P.S. I don't short a stock with only 4 point gains maximum.

  • a share. Back in 2007, anyone in China could get the shares at that price. They hired some fake investment firms to lure the investors to buy the original shares at $0.3/share. Now, those investors are in the money and they will come out to dump those shares at the market like no tomorrow. The company financials can not be trusted. This company is faking a lot of news to let you believe that they have legitimate business. They used to be a company selling software (not created by themselves) as middle man.

  • sec.gov

    /Archives

    /edgar/data

    /721693/000114420414014581/v371134_s3.htm

  • stockgangster stockgangster Mar 31, 2014 10:29 PM Flag

    the company used to be called XiAn yingfeng tech. You have to be able to read Chinese to search it on bidu.com. XiAn is the place where a lot of Chinese fraud came from.

  • and promised them that they would list shares in USA and get the investment back. This is typical scheme for fraudulent Chinese companies to cheat money from small investors and then divert their liability to unknown US investors. Get ready to be exposed by Muddy Water.

  • stay away!

  • and they are issuing 8 million more shares at $3.29 just 2 weeks ago.

  • if company is for real and making money, why the hell in the world that they need to borrow money at 12% interest rate.

  • on its Chinese website, the latest news item was from 2011. It recently borrowed two loans with 12% (!!) annual interest from a party which has direct business ties with the company. The company only has 120 employees who can support multi-million business in China? They also claim they don't have any competitions? Worse yet, someone offered 8+ million stocks at $3.28 just few week ago. Looks like a pump and dump to me. Be careful!

  • not 9.xx% suggest by MarketWatch article.

  • stockgangster stockgangster Mar 10, 2014 8:23 PM Flag

    seriously, I have no idea what you are talking about!

  • stockgangster stockgangster Mar 10, 2014 4:47 PM Flag

    I am long but your calculation is nonsense. No one pays 2.4k a year to SCTY. It's more or less 400-500 a year.

CLF
18.65-0.05(-0.27%)Apr 17 4:01 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.