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Geong Share Discussion Threads
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|I haven't followed them for a while: but were any of the Chinese companies telling the truth?
Were Geong really owed £22m by tier 1 clients?
Did RCG really have the 3 most massive orders for RFID ever signed?
Did Asian citrus really own more orange tree is China than there were orange trees in China?
Did West China cement really produce more cement than the entire United States?|
|so I won't get my £60K back?
There are two different sets of ways of closing down a scam:
(1) just go bust -- the receivers get all the documents, announce the scam, the Directors get tried and shamed and perhaps sent to prison
(2) close the business by selling it to 'an independent 3rd party' who is really in on the scam for a pittance --- nobody ever sees the documents that prove the scam and nobody goes to prison.
Every scam that I have followed opted for the second option.
|FYI it is headed 'Approval of fundamental change of business'|
|any thoughts on why shareholders today got sent that Proxy form for the AGM 29/12/2016?
if they had scarpered, why would they be bothering to mail (paper cert) shareholders with these details?|
|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.|