posted
Company will report in a few weeks by filing an 8K. Official word will include a reduction of the OS by over 17 million shares from the current 34M.
Posts: 902 | Registered: Feb 2004
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posted
up we go as very little buying moves this stock higher, 8K news will be the spark to increased vol & price.
Posts: 902 | Registered: Feb 2004
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posted
buy the rumor-sell on news, well this rumor is fact-8k going to be filed and then CEO says -"Off the "pinks".
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posted
creeping higher on small volume as long time investors hold their shares tight. OS being cut by 17mm+ should have a big impact-news of this by end of month.
Posts: 902 | Registered: Feb 2004
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posted
The web site will be revamped and 10Q reporting in November. Stock price should soar on any news Posts: 902 | Registered: Feb 2004
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posted
news will hit the streets very shortly and then the traders will take notice. won't take much volume to pop the pps.
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posted
IR confirms the Co will put out a PR next week and it will be very positive. Share reduction is one issue.
Posts: 902 | Registered: Feb 2004
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Form 8-K is used by companies to file current reports on the following events:
1.01 Entry into a Material Definitive Agreement 1.02 Termination of a Material Definitive Agreement 1.03 Bankruptcy or Receivership 2.01 Completion of Acquisition or Disposition of Assets 2.02 Results of Operations and Financial Condition 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation under an Off-Balance Sheet Arrangement 2.05 Cost Associated with Exit or Disposal Activities 2.06 Material Impairments 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing 3.02 Unregistered Sales of Equity Securities 3.03 Material Modifications to Rights of Security Holders 4.01 Changes in Registrant's Certifying Accountant 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review 5.01 Changes in Control of Registrant 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics 6.01. ABS Informational and Computational Material. 6.02. Change of Servicer or Trustee. 6.03. Change in Credit Enhancement or Other External Support. 6.04. Failure to Make a Required Distribution. 6.05. Securities Act Updating Disclosure. 7.01 Regulation FD Disclosure 8.01 Other Events 9.01 Financial Statements and Exhibits
8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549
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posted
Just heard that the head of the jp morgan china fund will become a director-things are getting serious.
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Company must have announced it to their shareholders because that is where I got my information. We will see if true.
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posted
In addition I found out that part of the separation deal os the ellimination of all debt, now this is huge.
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posted
only P&D's move before public sees the news-this Co. is NOT in that arena. posts your thoughts after the release tomorrow-ok?
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posted
Greater China Corporation Announces Separation Agreement Friday December 9, 12:24 pm ET
NEW YORK, Dec. 9 /PRNewswire-FirstCall/ -- Greater China Corporation (OTC: GCHC.PK - News) announced today that it had reached agreement to sell its wholly owned Unigel (HK) Ltd. ("Unigel") subsidiary back to the original owners of the company. Unigel owns a 60% interest in SUTCO, a fiber-optic gel company located in Shenzhen, China.
In exchange for Unigel, Greater China Corporation ("GCC") will receive back all of its shares that were associated with the combination of GCC and Unigel (approximately 17.5 million shares out of approximately 30 million shares outstanding). In addition, Unigel will assume all GCC debt which was incurred to finance the activities of Unigel.
In a joint statement issued by John W. Allen (representing GCC) and Richard George (representing Unigel), they said that this separation of the entities should enable each party to move ahead more effectively in reaching its respective goals.
An 8K filing will be made with the Securities and Exchange Commission with the details of the transaction following an official closing expected to take place within the next two weeks.
Statements in this press release that are other than historical facts are "forward-looking" in that they contain expectations about future results. There can be no assurance that the transaction described in the above announcement will be completed as scheduled. Such forward-looking statements involve numerous risks and uncertainties. GCC has tried to identify any forward-looking statements by using words such as "should," and other similar expressions. Although GCC believes that expectations reflected in its forward-looking statements are reasonable, it can give no assurance that this will prove to be correct.
For additional information please contact: Jon Scott, hi2jon*hotmail.com or (866) 696-GCHC (4242).
posted
Those who own shares have just seen their true value increase over 50% by this share reduction. Posts: 902 | Registered: Feb 2004
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posted
News expected next week regarding a joint venture signing. 8K filing also due in the coming days.
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posted
Company will announce some important developments in the coming days and weeks-all of which are VERY positive. Time to load the wagon. Posts: 902 | Registered: Feb 2004
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