China Shandong Ind (MM) (CPGY) Quote

Company is doing a buyout of all shareholders?

http://behindthewall.msnbc.msn.com/_news/2012/07/13/12725483-the-ghosts-that-haunt-chinas-economic-landscape?chromedomain=worldnews&lite

What is happening with the stock? Any fundings coming?

who is buying this stock? do they not know they are delisting into a worthless shell that will be reverse split to smithereens?

but hard to get to in china

A us lawsuit would have to be enforced in china but communism stops it.

This is generally reflected early in the most recent 10-k but I don't see it shown in this case.

What I do see that makes me doubt 300 shareholders exist is the following:

CAOPU Enterprise Limited, a BVI entity (“CAOPU”), owns 86.4% of our issued and outstanding common stock. Mr. Jinliang Li, our Chairman, Chief Executive Officer and controlling stockholder, owns all of the issued and outstanding capital stock of CAOPU. CAOPU owns for the benefit and on behalf of (i) Mr. Jinliang Li, 51% of our issued and outstanding shares of our common stock, and (ii) nine (9) other stockholders, own 35.4% of our issued and outstanding shares of our common stock, which stockholders have agreed that CAOPU will hold their shares of our common stock for a period expiring 15 months from the date of the closing of a public offering of our securities. After such 15-month period, unless such 15-month period is extended by the underwriter in the offering, each minority stockholder can publicly sell its respective shares of our common stock in accordance with the any lock-up agreement that may have been entered into by each such person with the underwriter. Although Mr. Li has no pecuniary interest in the shares of our common stock owned by such 9 minority stockholders but held by CAOPU, by reason of his sole ownership of CAOPU, Mr. Li has sole voting and dispositive power over such shares of our common stock.


It's disgusting that such a small formality can wipe the little guy out. I believe that we will someday hear of someone losing it and truly disposing of a fraudster CEO.

The USA and China should have cross border protection.

How do they compute number of shareholders in street ame? Cede ?

If less than 300 shareholders it's as easy as form 15.

If slightly more due to some strategic share allocation by forward thinking big guns, it's as easy as R/S & simultaneous/subsequent form 15.

This is what makes OTC China names so risky even when legit. Management intentions must also be legit.

Its not like someone is going to take a flight out there and ask for their money back.

I will research delisting rules. I know there are tender offers but Chinese companies don't care about sec compliance.

I know what you mean. But Ive seen a bunch of US cos do it too. I think cos that are reporting and try to go quiet and deregister should be required to use all cash on the books to shareholders. You know these guys keep that money for themselves. But some do do the divies at the end. That should be the only way out if you have cash on the books.

No. I'm curious how they could steal the company back to China.

I was just reading that in a post a little whole ago. Did they give a price?

China Energy is going private and trade on Hong Kong.

Humans don't care about each other. Just a number in a far away land.

Terrible to destroy its shareholders.

1512g is just a symbol for the middle finger.

they filed a Form 15 today to withdraw from being a reporting company...BAD news

Chinese vines are genetically modified. They only produce 1 time then wither away.lol Well I hope China makes a comeback. Maybe they are getting back at us for things the US did to them financially.

why are they letting this die on the vine?

I know, I just can't figure out why the market treats them so bad

Lot of money to be made in these beat up Chinese stocks.

I agree, been watching for a while now

Slow climb to a buck

Waiting for a bottom on this one

http://chinainvestorking.blogspot.com/search?updated-min=2012-01-01T00:00:00%2B01:00&updated-max=2013-01-01T00:00:00%2B01:00&max-results=8

Conclusion and
Recommendation
China Shandong Industries, Inc. has a strong
balance sheet, experienced management, great
brand recognition and a rapidly expanding
domestic market. They also have a solid
foothold in the international furniture marketplace,
their products are marketed in highprofile
retail stores and they have a very attractive
P/E of less than 2, all of which leads us to
recommend a BUY for CSNH under $0.80
with the expectation that we could see a 2x to
3x move in the next nine to twelve months.

Summary Balance Sheet
at June 30, 2011
(000s)
Cash 6,654
Net Current Assets 43,142
Net Current Liabilities 13,358
Current Ratio 3.23
Working Capital 29,784
Long-term Debt 0
Equity 63,155
L-T Debt to Equity Ratio 0.00%

Summary Income Statements
For Most Recent Four Quarters
3 mos. 3 mos. 3 mos.* 3 mos.
P&L Data (000s) Jun '11 Mar '11 Dec '10 Sep '10
Revenues 33,607 33,554 21,752 22,747
Gross Profit 9,865 8,510 7,710 6,284
Operating Profit 8,234 6,985 5,409 5,523
Net Income 5,718 5,242 3,872 4,008
EPS 0.13 0.12 N/A N/A
Avg Wtd
Diluted Shares 44,060,840 44,056,765 N/A N/A
Margin Analysis (%)
Gross Margin 29.35% 25.36% 35.45% 27.63%
Operating Margin 24.50% 20.82% 24.87% 24.28%
Net Margin 17.01% 15.62% 17.80% 17.62%

who is Isben?

Most China micro caps as everyone knows have been clobbered this
year despite their numbers and reputable accounting firms. The
intersting thing about this one is that the graph this year is
positive. Maybe the promotion by Larry Isben is a good idea although I bet he won't be in for the long run. What I don't
understand is that if a lot of these rapidly growing companies
are selling at way below book value, then why don't we see more
buyouts. Crusader Rabbit

thx

You can read the Larry Isen report here...

http://www.emergingchinastocks.com/blog/csnh-china-shandong-otcbbcsnh-special-situation-report/

No... I don't know this guy and I am not in on a pump and dump with him... I simply did a google search using his name and found his web site. http://www.emergingchinastocks.com/

So did I...just another P&D..IMO..!

I got an email from Larry Isen emerging China stocks. He wanted me to just watch this... and decide later if I want his news letter for $299 a year.

Stock was at .65 Monday when I got the email.

who is promoting it?

I dont know what to think. I got the email today. They told me to watch this stock... and once I see that they were right... sign up for their stock picks. The two others they predicted did well... CSHD and CMCI but they are down to nothing now. Is this just a pump and dump stock picker... proably. Can we make some money getting in this now??? My gut tells me... yes. What do you guys know? I never heard of this thing till this morning... and I dont have much cash to throw at it... but willing to use what I have.

They just keep increasing sales and profits as well as stock holder equity. Also, no debt... If you can believe the numbers it looks good.

Wow this stock was asleep for yearsand now signs of life.

I got an email from Larry Ison emerging China stocks .. got it today. This stock is gonna get a boost... being pumped!

I have follwed CSGH for a few years and noted that it always bounced back after the PPS went down. It constantly runs and up and down pattern. Not sure what the future movement will look like of course.

Anyone understand this???

On December 22, 2010, pursuant to Section 242 of the General Corporation Law of the State of Delaware, the holder of a majority of the shares of common stock of China Shandong Industries, Inc. (the “Company”) approved a reverse split of such shares with a ratio of 1-for-1.5, which will become effective on January 18, 2011 (the “Reverse Split”), and the filing of the Certificate of Amendment to the Certificate of Incorporation (the “Amendment”).

On December 23, 2010, the Company filed the Amendment with the Secretary of State of the State of Delaware. Before the Reverse Split becomes effective on the OTC Bulletin Board (the “OTC BB”) on January 18, 2011, it must be approved by the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Company has commenced the process of obtaining FINRA approval. Upon the approval of the Reverse Split by FINRA, each one and half (1.5) shares of common stock outstanding prior to the Reverse Split will be converted into one (1) share of common stock, and all options, warrants, and any other similar instruments convertible into, or exchangeable or exercisable for, shares of common stock will be proportionally adjusted. To the extent any fractional shares of common stock result from the Reverse Split, the Company will round up any fraction of a share to the nearest whole share.

Now a forward 5:1 split?

On March 24, 2011, the holder of a majority of the shares of common stock of China Shandong Industries, Inc. (the “Company”) approved a forward split of such shares by a ratio of 5 for 1 (the “Forward Split”). The Company filed the certificate of amendment to its certificate of incorporation effectuating the Forward Split on March 25, 2011. The Forward Split will become effective on or about April 12, 2011.

Before the Forward Split becomes effective on the OTC Bulletin Board (the “OTC BB”), it must be approved by the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Company has commenced the process of obtaining FINRA approval. Upon the approval of the Forward Split by FINRA, each one (1) share of common stock issued and outstanding prior to the Forward Split will be converted into five (5) shares of common stock, and all options, warrants, and any other similar instruments convertible into, or exchangeable or exercisable for, shares of common stock will be proportionally adjusted.

http://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001417192&type=&dateb=&owner=include&count=40

This puts it back under $1.00... I suppose they gave up on the uplisting?

CSNH 10K is out...

Looks good. Sales and earnings are up and no dilution.
The PE on this is now 2.28.

Looks like for now the symbol is staying at CSNH.

They have MAJOR expansion plans... $70+ million in capital expenditures for a $32 million market cap company. The first expansion phase of about $20 million is underway using internal generated funds. They say that cash will be raised for additional manufacturing facilities for high end furniture production.

http://sec.gov/Archives/edgar/data/1417192/000114420411012551/v213100_10k.htm

The symbol change has been delayed for some reason... I don't know why.

This may not format correctly, you can go here and put in symbol CSNHD to see the result.

http://otcbb.com/asp/dailylist_search.asp?DirectSymbol=CSNHD&OTCBB=OTCBB


SECURITY DELETIONS
Dl Date Symbol Company Name Effective Date/Comments
1/20/2011 CSNHD China Shandong Industries, Inc. NEW Common Stock 1/21/2011 Listed on NCM (CPGY)**

SECURITY ADDITIONS
DL Date Symbol Company Name Effective Date OATS
Reportable
Flag Comments
1/21/2011 CSNHD China Shandong Industries, Inc. Common Stock 1/21/2011 Y Listing on NASDAQ postponed. From NCM (CPGY)

when did it take effect?

New symbol is CPGY.

Looks like a 1 for 1.5 reverse split today...

The share offering and split seem to assure a move to the NASDAQ.

We are offering 5,882,353 shares of our common stock.

Our common stock is currently quoted on the OTC Bulletin Board under the symbol “CSNH.” We have applied for listing of our common stock on the NASDAQ Capital Market under the symbol “CPGY.” The last reported market price of our shares of common stock on December 29, 2010 was $5.10, after giving effect to the 1 for 1.5 reverse stock split referred to herein. If the application is not approved, we will not complete this offering.

http://sec.gov/Archives/edgar/data/1417192/000114420411000136/v206976_rr-s1a.htm

CSNH.. $3.00.. Reverse Split..

ITEM 5.02. Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year


On July 1, 2010, pursuant to Section 242 of the General Corporation Law of the State of Delaware, the holder of a majority of the shares of common stock of China Shandong Industries, Inc. (the “Company”) approved a reverse split of such shares with a ratio within a range of 1-for-2 and 1-for-3 and the filing of the Certificate of Amendment to the Certificate of Incorporation (the “Amendment”) with the ratio to be determined by an executive officer of the Company. On July 30, 2010, Mr. Jinliang Li, the Chairman and Chief Executive Officer authorized the effectuation of a 1-for-2 reverse split (the “Reverse Split”).


On August 3, 2010, the Company filed the Amendment to effect the Reverse Split with the Secretary of State of the State of Delaware. Before the Reverse Split becomes effective on the OTC Bulletin Board (the “OTC BB”), it must be approved by the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Company has commenced the process of obtaining FINRA approval. Upon the approval of the Reverse Split by FINRA, each two (2) shares of common stock outstanding prior to the Reverse Split will be converted into one (1) share of common stock, and all options, warrants, and any other similar instruments convertible into, or exchangeable or exercisable for, shares of common stock will be proportionally adjusted. To the extent any fractional shares of common stock result from the Reverse Split, the Company will round up any fraction of a share to the nearest whole share.

CSNH.. $1.90

Reverse..

ITEM 5.02. Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year


On July 1, 2010, pursuant to Section 242 of the General Corporation Law of the State of Delaware, the holder of a majority of the shares of common stock of China Shandong Industries, Inc. (the “Company”) approved a reverse split of such shares with a ratio within a range of 1-for-2 and 1-for-3 and the filing of the Certificate of Amendment to the Certificate of Incorporation (the “Amendment”) with the ratio to be determined by an executive officer of the Company. On July 30, 2010, Mr. Jinliang Li, the Chairman and Chief Executive Officer authorized the effectuation of a 1-for-2 reverse split (the “Reverse Split”).


On August 3, 2010, the Company filed the Amendment to effect the Reverse Split with the Secretary of State of the State of Delaware. Before the Reverse Split becomes effective on the OTC Bulletin Board (the “OTC BB”), it must be approved by the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Company has commenced the process of obtaining FINRA approval. Upon the approval of the Reverse Split by FINRA, each two (2) shares of common stock outstanding prior to the Reverse Split will be converted into one (1) share of common stock, and all options, warrants, and any other similar instruments convertible into, or exchangeable or exercisable for, shares of common stock will be proportionally adjusted. To the extent any fractional shares of common stock result from the Reverse Split, the Company will round up any fraction of a share to the nearest whole share.




Item 9.01. Financial Statement and Exhibits


Exhibits

3.1 Certificate of Amendment of Certificate of Incorporation, filed with Secretary of State of State of Delaware on August 3, 2010.