$1.92 -$0.06 (-3.0%)

04:00 PM EST on 12/13/19

Kingold Jewelry, Inc. (NASDAQ:KGJI)

CAPS Rating: 1 out of 5

Current Price $1.92 Mkt Cap $21.2M
Open $1.97 P/E Ratio 4.74
Prev. Close $1.98 Div. (Yield) $0.00 (0.0%)
Daily Range $1.92 - $2.05 Volume 17,396
52-Wk Range $1.11 - $5.76 Avg. Daily Vol. 36,437

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All Players

20 Outperform
54 Underperform
 

All-Star Players

3 Outperform
39 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NASDAQ:KGJI Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

cecamado1 (99.84)
Submitted April 04, 2011

Upthumb from these prices

jed71 (99.87)
Submitted November 21, 2014

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… More

NASDAQ:KGJI VS S&P 500 (SPY)

NASDAQ:KGJI Summary

Recent Community Commentary

Read the most recent pitches from players about KGJI.

Recs

0
Member Avatar SmartAce (99.97) Submitted: 11/6/2019 1:45:56 PM : Underperform Start Price: $2.17 NASDAQ:KGJI Score: +14.74

Librarian: Our library has three stories.
Me: Can hardly call that a library.

Recs

1
Member Avatar jed71 (99.87) Submitted: 11/21/2014 11:21:25 AM : Underperform Start Price: $1.09 NASDAQ:KGJI Score: -22.77

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 Enterprises
Activeworlds.com
Activeworlds Corporation
Became a Shell Corporation
Reverse Merger with Dragon Lead
Name change to Kingold Jewelry

The 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.

Recs

0
Member Avatar mashugina3333 (20.95) Submitted: 1/16/2013 12:26:28 PM : Underperform Start Price: $1.30 NASDAQ:KGJI Score: +67.89

This is stlll traded?

Leaderboard

Find the members with the highest scoring picks in KGJI.

Score Leader

StarWitchDoctor

StarWitchDoctor (91.42) Score: +257.85

The Score Leader is the player with the highest score across all their picks in KGJI.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
StarWitchDoctor 91.42 5/24/2010 Underperform 1Y $5.64 -65.97% +191.88% +257.85 2 Comments
Ricardus < 20 6/8/2010 Underperform 1Y $4.23 -54.62% +197.49% +252.11 0 Comment
longtermgrowth09 < 20 6/9/2010 Underperform 5Y $3.76 -48.95% +195.88% +244.83 0 Comment
stockjock11 29.97 5/11/2010 Underperform NS $6.47 -70.32% +172.13% +242.45 0 Comment
JET79 86.60 5/12/2010 Underperform 5Y $5.64 -65.97% +173.06% +239.03 1 Comment
MisterCHW 99.91 5/13/2010 Underperform 5Y $5.64 -65.97% +170.34% +236.31 0 Comment
msbob7 69.89 5/12/2010 3/18/2014 Underperform 3Y $5.64 -65.97% +170.25% +236.22 0 Comment
JGus 28.04 6/8/2010 Underperform 5Y $2.88 -33.27% +200.56% +233.83 0 Comment
TheBottomIsNow 87.76 11/8/2010 Underperform 5Y $6.69 -71.32% +159.36% +230.68 0 Comment
mjb1977 67.31 12/29/2010 Underperform 5Y $4.19 -54.22% +151.81% +206.02 0 Comment

Wall Street

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