LongTimeObserver
2 years ago
L.M.A.O. $LWLW suffering the W.O.F.E. blues...
" At present, the company is registered, and there are 25 management personnel of various types. There are 3 engineers and 3 accountants, including 1 web designer and 1 system engineer (MCSE) With the continuous expansion of the technical team, the company has acquired high-quality human capital, which has become the main driving force for the company's rapid development. It is precisely because we have a technical team with excellent equipment, excellent technology, excellent work style and maintenance, and the company has many years of experience in the production of cultural science and technology projects. It is composed of a group of elites in the cultural and technological industries. They are familiar with the past, present and future of China's cultural industry, and have the ability to build the Hangzhou Digital Cultural Industry Base into the most influential cultural dissemination and service platform for Chinese national culture. "
Potse
4 years ago
LWLW...interesting item from 2019.....
It might be worth monitoring LWLW a little bit closer in case something develops here. Whether the RM below has been actually completed or not, this information is an encouraging sign that there has been some type of activity going on behind the scenes. Some of the lower float types of shells seem to be heating up a bit more recently. LWLW has dropped down again to what I think is a pretty attractive area for entry/accumulation.
Risk/reward anywhere around this $1 area looks extremely enticing. Definitely high risk because of the filing delinquency, but the "reward" part of the equation probably makes LWLW worth taking the chance.
Periodically I like to do various Google searches on shells I own or have on my watchlist. Throughout 2019 and early 2020 nothing unusual would show up on the searches I would do on the LWLW shell. That changed about 2 weeks ago when an interesting bit of information from 2019 started appearing in my searches.
Zhejiang Longzhiyou Tourism Development Company is a Chinese company involved in the tourism industry (recreational vehicles, apps, blockchain, etc). Around mid-2019 the company registered and brought online a website focused on the app(s) the company has developed.
This is what shows up on the 2019 timeline section of that website.....
In January, Longwen Group (stock code: LWLW), a NASDAQ listed company, acquired Zhejiang Longzhiyou Tourism Development Co., Ltd.
http://lzygtt.com/
Potse
5 years ago
LWLW(2.00)...subsequent events section of 10-K.....
I'm still holding a 6,350 share position in the LWLW shell at a $2 average. Structure/valuation of this shell continues to look interesting/attractive. LWLW might be getting somewhat closer to some type of RM activity, based on the subsequent events section of today's 10-K filing......
On February 15, 2019, the Company completed the acquisition and registration of all of common stock of Hangzhou Longwen Management Co., Ltd ( β Hangzhou Longwen β ), a limited liability company in the People β s Republic of China (the β PRC β ). The Company acquired Hangzhou Longwen from a third party seller for a total cash consideration of $1,000. As a result of the acquisition, Hangzhou Longwen became the Company β s wholly owned subsidiary. Hangzhou Longwen had no assets or liabilities as of the date of the acquisition.
https://www.otcmarkets.com/filing/html?id=13359410&guid=bWM3UWaHY1DYl3h