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Geong Share Discussion Threads
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|the maggot Elban is still feeding on it|
|It was never alive !|
|Does anyone know what's happening - if anything - or is this already stone dead?|
|Couldn't help laughing at this in the Daily Telegraph - talking about China's problems
"The average payment to suppliers has been stretched to 72 days. "The broad and marked run-up in payables debt throughout supply chains strongly suggests widespread and rising corporate stress," it said."
LOL - stretched to 72 days.
GNG were claiming that it averaged about 4 years = 1,460 days.
And that was after they delayed sending the invoice for a year.
And these were supposed to be mostly the big banks.
Somebody was telling porkies.|
Good call Elban !|
|Does anyone still think that this is not a scam?|
|Well Langbar was close, but that one was exceptional.|
|Corruption in the uk = 3% of companies
Corruption in China = 93% of companies (probably more).
And the scale is different.
Could a uk company produce a statement showing millions in the bank - when there wasn't.
Would the uk auditors have verified £20m of debtors that were 5 years overdue?|
|Corruption is a way of life in China, so nobody in their right mind should invest in tiddly Chinese scams.|
|Was this anything else other than a Chinese scam, I'd never trust a Chinese company ever, l think all China is a miff GLA
|Worth reading this analysis of China based UK listings....
Every company that I attacked is down by at least 90%
except TMC who did well AFTER they sacked their CEO who I had accused of being a liar.
And they all went down for the reasons that I had pointed out.|
|Elban is a stopped clock who can never back up his deramping with facts. Unfortunately he's a cuckoo clock who's stopped mid-squawk.|
|Elban rules OK !!|
|A sorry tale.
Mattjos the website is still there: hxxp://www.geong.com/Site/08GEONG/EN|
|Why bother? . As far as I can tell this evening, the company website is now gone. Not that it was at all inspiring for a 'web-centric' company. Del has told Rodders to pack up the hooky watches and they're away on their toes as plod comes into view|
|Hanafin (whoever they are) have simply used the takeover approach to look under the hood with a view to determine if they will ever get their loan back. having done so, they have quickly concluded the entire business &, more importantly, its directors are a scam. The CULS agreement will likely leave them top of the list to pick over the carcass but, zero chance this will come back to market .. More likely the directors will be doing a runner in next few days, under the guise of trying to clarify the accounts.Will any action be taken against any of those involved? No chance. Just another AIM scam & will be tomorrows chip wrapper .. The main players (the 'professional advisers' & the company directors) all having trousered money as per the plan. Now the game is up, it's time for them all to move on to the next stunt which will already be on the drawing board.Drinks all round for them all as they must have been laughing about the length of time they have got away with it all for years now.|
|Geong, geong, gone.|
|("GEONG" or "the Company")
Owing to unavoidable delay in providing some banking information, the auditors were not able to sign off the accounts on time for the announcement deadline date of 30 September 2015. The Board and the management will follow up with the banks as soon as the Chinese national holidays are over on 8 October 2015 and will provide the needed information to the auditors as soon as it is ready.
FinnCap has resigned as our NOMAD as of immediate effect. The Board will start to find a replacement NOMAD and will make an announcement as soon as it is done.
The Company is unable to conclude the discussion with Hanafin as previously expected on the 30 September 2015 for the extension of redemption date. We will continue our discussion with Hanafin and will make an announcement in due course.
The Board apologize for the trouble caused and will do our very best to deal with the situation in the best interest of our shareholders.
For further information, please contact:
GEONG International Limited www.geong.com Tel: +86 10 61841811
Henry Tse, Chairman
Weidong Wang, CEO|
|Do we know who is carrying out the audit which is finally persuading GNG to provide investors with a semblance of the truth?
Digging a little reveals that CEO Wang and several GNG shareholders control a Hong Kong outfit called Udo Media Investments.
Knowing China,who is to say that their is not even more dirty work afoot.
And Hanafin themselves,who are they ?
Come in rivaldo,the country needs a saviour.|