Ecomike
4 years ago
Maybe they will make him an offer he can not refuse?
LOL I saw Cbak (CSGH customer IIRC) Exploded on Kandi deal news this week and since Sept this year 1000% at $11 today. I held that Cbak POS for 5 years, gave up by 2014, and now it is up 1100%
SHIT!!!!! LOL Cobalt.... Li-Ion IIRC, was the key to both as far as EV Li-ion batteries went, IIRC.
Issues with stocks like this one is why I never trusted or bought Alibaba. I also never trusted Enron. They tried to buy my tech/Co a year before the the Feds raided Enron.... I passed on their offer, it smelled really bad...I was right, but had no proof..
It was a shame Wallstreet thugs like Muddy waters tarnished all the Chinese stocks, as CSGH seem like real good one. They were a key raw material supplier to Cbak, and it just can like scalled dog for the second time up in 12 weeks to insane highs just on Kandi Deal news. I use to know some key US/NA investors in Kandi in 2014...Lost track of them when I got ill and nearly died. Now 6 years later I hear it is doing well, but I have not looked at the history.
Love to know if you hear any more. Happy Holidays
Ecomike
4 years ago
Any updates on this?
"There is a shareholders action that has been filed in Delaware, where CSGH is domiciled.
Attorneys are seeking documents from the company, on behalf of shareholders, that shareholders are entitled to in order to determine the value of the company.
There is no doubt that the company is operating in China, and no reason to think it is not extremely profitable, given the huge growth in production of Lithium batteries. CSGH supplies the raw materials for these batteries, to several of the largest Chinese manufacturers.
Shareholders will get managements attention, and will insist on fair treatment."
downthehatch
7 years ago
There is a shareholders action that has been filed in Delaware, where CSGH is domiciled.
Attorneys are seeking documents from the company, on behalf of shareholders, that shareholders are entitled to in order to determine the value of the company.
There is no doubt that the company is operating in China, and no reason to think it is not extremely profitable, given the huge growth in production of Lithium batteries. CSGH supplies the raw materials for these batteries, to several of the largest Chinese manufacturers.
Shareholders will get managements attention, and will insist on fair treatment.
Ecomike
7 years ago
375% rally here and I missed it :(
On a dead, no news, China company that was on NASDAQ, stock, that has not reported in ages because of the SEC auditing BS and China VS US laws...impass...
Looks like this was a 2 day move, up 500% in 2 days. No posts in ages, no news, something is going on here.
Fat finger errors? LOL
Not likely as it was 10 trades today.
downthehatch
7 years ago
I like the recent activity here. I still believe that CSGH is operating profitably, and simply went dark to avoid the costs of U.S. reporting and compliance.
They may decide to resume reporting, for some reason, and if so, the stock is likely to be worth closer to .05 than .01
Great potential here, in a company in a very good sector.
downthehatch
7 years ago
Nice to see some activity lately with the stock.
Now if the company would just update the fins, we'd be all set.
I still believe that CSGH is operating, and producing Lithium battery component materials, which continue to be in very strong demand , both in China and in the U.S.
Why they went dark, I do not know. But it is very clear that it would be of immense advantage to the company if they would begin reporting again. With the just announced trade deals with China and the U.S., no reason that CSGH cannot take advantage of U.S. demand for its products.
downthehatch
7 years ago
There has been consistent buying here for a while.
This is the only dark Chinese stock I am holding on to, because I believe, based on circumstantial evidence, that China Sun Group continues to operate, remains profitable, and will eventually either resume reporting, or buy out the outstanding shares at a considerable premium to the current price.
Something is going on, and generally when buying occurs for no apparent reason the real reason is that someone knows something.