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There are times when you have to decide, based on historical information available, whether or not you plan on trusting a company and its management. I have spent some time reading through the corporate filings on this firm, and can most emphatically say that I have made my personal decision. I am going to show you the history of operations of this company and let you make your own decision. A reminder to everyone that this is a Chinese firm, which given the recent past, tend to have a certain proclivity towards being "extra-special" shady. “Since December 2009, we have been engaged in the design, manufacturing and sale of gold jewelry in the People's Republic of China, or PRC, via a variable interest entity relationship with Wuhan Kingold Jewelry Company Limited, or Wuhan Kingold, a PRC company. We were initially incorporated in 1995 in Delaware as Vanguard Enterprises, Inc. In 1999, we changed our corporate name to Activeworlds.com, Inc. (and subsequently to Activeworlds Corp.) and through a wholly-owned subsidiary we provided internet software products and services that enabled the delivery of three-dimensional content over the internet. We operated that business until September 11, 2002 when we sold that business to our former management and we became a shell company with no significant business operations. As a result of the consummation of a reverse acquisition transaction as described below, on December 23, 2009, we ceased to be a shell company and became an indirect holding company for Wuhan Vogue-Show Jewelry Co., Limited, or Vogue-Show, through Dragon Lead Group Limited, or Dragon Lead.” “In December 2009, we acquired 100% of Dragon Lead from the shareholders of Dragon Lead in a share exchange transaction pursuant to which the shareholders of Dragon Lead exchanged 100% ownership in Dragon Lead, for 33,104,234 shares of our common stock. As a result, Dragon Lead became our wholly owned subsidiary. Dragon Lead owns 100% of Vogue-Show and Vogue-Show controls Wuhan Kingold through a series of variable interest entity agreements. We currently operate through Dragon Lead and Vogue-Show. In February 2010, we changed our name to Kingold Jewelry, Inc. to better reflect our business.”So here's the corporate history (several of these have business plan changes): Vanguard EnterprisesActiveworlds.comActiveworlds CorporationBecame a Shell CorporationReverse Merger with Dragon LeadName change to Kingold JewelryThe next section I looked at was the layering of the subsidiaries and each of their relationships to the company. I don’t want to lay it all out (because it will take too long) but suffice it to say the business that is producing revenue is heavily layered under a series of subsidiary arrangements that I find more than a little suspicious. Could this all be legitimate? Possibly. But I need to take into account my prior experience with companies such as these which tells me there is more hiding here than shareholders are being led to believe. I personally would never invest in something such as this, but maybe that’s just me.
Just a simple HOLT (<3) exercise. ;)
Uses known stock pump and dumper Redchip.com. It's a scam.
This is stlll traded?
Chinese reverse merger fraud.
This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).Kingold Jewelry, Inc. went public via a reverse merger in 2009. The company is based in the United States, with primary operations in China.
Upthumb from these prices
Could be the real deal, mostly cause their numbers are believable.
Every once in a while you have to take a chance. No guts, no glory.
reg sho list
hello down below..... thanks cloud 9
trend riding pick
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