Geong Share Discussion Threads

[davidosh] 29/12/2021 00:10

Does anyone know if anything further happened here?

[augustusgloop] 13/12/2016 00:41

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?

[sir rational] 12/12/2016 21:53

so I won't get my £60K back?

f'ck me

[augustusgloop] 12/12/2016 01:49

Sir R,

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

or

(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.

[sir rational] 09/12/2016 16:27

FYI it is headed 'Approval of fundamental change of business'

[sir rational] 09/12/2016 16:18

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?

[zangdook] 15/4/2016 01:31

the maggot Elban is still feeding on it

[corrientes] 14/4/2016 22:20

It was never alive !

[deutsch3] 14/4/2016 16:35

Does anyone know what's happening - if anything - or is this already stone dead?

[augustusgloop] 14/4/2016 14:19

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.

[mudbath] 31/1/2016 21:16

No.
Good call Elban !

[augustusgloop] 19/1/2016 13:34

Does anyone still think that this is not a scam?

[corrientes] 02/11/2015 09:17

Well Langbar was close, but that one was exceptional.

[augustusgloop] 02/11/2015 08:52

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?

[corrientes] 02/11/2015 08:09

Corruption is a way of life in China, so nobody in their right mind should invest in tiddly Chinese scams.

[roofer2] 02/11/2015 07:07

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

R2

[davidosh] 03/10/2015 22:17

Worth reading this analysis of China based UK listings....

[zangdook] 03/10/2015 10:33

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.

[mudbath] 02/10/2015 22:12

Elban rules OK !!

[buetowa] 01/10/2015 08:21

A sorry tale.

Mattjos the website is still there: hxxp://www.geong.com/Site/08GEONG/EN

[mattjos] 30/9/2015 22:49

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