Geong Share Discussion Threads

[mattjos] 30/9/2015 22:41

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.

[stegrego] 30/9/2015 21:40

Geong, geong, gone.

[the stigologist] 30/9/2015 18:19

("GEONG" or "the Company")
Important Announcement

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: [phone]
Henry Tse, Chairman
Weidong Wang, CEO

[mudbath] 28/9/2015 10:28

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.

[mail2] 28/9/2015 10:21

GEONG International (AIM:GNG) – it looks like someone has been cooking the books! -hxxp://www.investorschampion.com/blog/entry/geong-international-aimgng-it-looks-like-someone-has-been-cooking-the-books#sthash.tIFvMnFo.dpuf …

[augustusgloop] 28/9/2015 09:50

Looks like nearly 80% of the IAAS business that they did in the last financial year was to somebody who is not going to pay.

[simon templar qc] 28/9/2015 09:38

Had my eye on this stock a number of times but concerned over a number of issues, Figures simply could not be relied upon. This company is going nowhere imo its too high risk. Market cap says it all. So does the attempt to sell off the business.

[zangdook] 28/9/2015 09:21

I wonder who the naughty client is.

[corrientes] 21/9/2015 14:15

Must all trades be reported ?

[zangdook] 21/9/2015 14:00

For that to be true there would have to have been some significant volume while the price was up. Was there? And probably some significant holdings declarations.

[corrientes] 21/9/2015 13:52

Who was the person who said, this so-called takeover was just a simple ruse to get some insiders out with a bit of money ? They have been proved absolutely correct. It must have been obvious from a superficial due diligence that everything here is fictitious, maybe even the directors themselves. What a con and more fool me for staying the course.

[loonio] 21/9/2015 13:38

The big provision shows that the management are liars.

no it doesn't you thick-headed troll

[augustusgloop] 21/9/2015 13:30

Not really,

The big provision shows that the management are liars.

How much is a company worth that's run by liars?

Maybe they have told the truth in other things and maybe they haven't.

[zangdook] 21/9/2015 13:05

Even with a significant provision against £21.5m, current mcap of 2 mars bars and half a bag of m&ms is cheap. Not that I have any spare m&ms...

[mattjos] 21/9/2015 12:47

another Chinese AIM fraud heading for the knackers yards then. Explains why Cantor so keen to dump all they could into this last-ditch rise before the dodgy pre-pack is done behind the scenes.

[stegrego] 21/9/2015 12:41

Oh come on. Just shoot the bloody thing.

[bohemian13] 21/9/2015 12:10

Sir Rational 7 Sep'15 - 18:31 - 21902 of 21902

Looks an easy way to earn a few quid.

... not that easy :-)

[sir rational] 07/9/2015 18:31

Looks an easy way to earn a few quid

[mudbath] 25/8/2015 09:05

goliard
My sentiments entirely.
3.5 pence in the hand is worth 5 pence in the China bush.imo.

Interesting who the ebbing tide is revealing.