LandStar, (LDSR:PK) finalizes $8.3 Million Sale 15 minutes ago - Pr Newswire
Related Companies LDSR 0.0004 33.33%
LandStar Corp. (LDSR) www.landstarcorp.com operating subsidiary, Hubei Chuguan Industry Co. Ltd., has signed an Agent Cooperation Agreement with Guangzhou North Condensation Energy Technology Co., Ltd. In accordance with the agreement, Guangzhou North Condensation Energy Technology Co., Ltd., located in Guangzhou, will sell 200 sets of oil and gas vapour recovery processing equipment manufactured by Hubei Chuguan Industrial Co., Ltd in oil and gas recovery comprehensive management project, together with related accessories. The total value of the transaction is valued at about 50 million RMB Chinese Yuan, or about $8.3 million USD over the term of the agreement.
Mr. Eric Yang the company spokesperson and interpreter in discussions with Mr. Lee Congtang, (Mr. Lee) the chairman of Hubei Chuguan Industrial Co., Ltd and CEO of LDSR noted;
"I wish to use this opportunity to bring our shareholders up to speed and update our shareholders on recent activities and plans of the company. Shortly, we will be filing our 2nd Q financial reports, which are currently being translated from Chinese to North American standards.
We feel that we must follow this up with additional measures to reinforce investor trust and assurance regarding the Company's performance. Basically we have two options available to us. We can either merge with an existing OTCBB company or begin the process of becoming a reporting issuer within LDSR. Both options require an audit and this is currently our number #1 priority. On that note our North American representatives have completed the reconciliation of the past 2 years statements and have begun their task of locating, and securing a Public Company Accounting Oversight Board (PCAOB) registered auditor to assist in the task of completing our audits.
Our immediate focus, and short term goals are to provide a better understanding of our current business activities to our current, and prospective shareholders, and reinforce the value of the Company's stock. Currently with 4 billion shares outstanding http://sos.state.nv.us/ LDSR value is only reflected as 12 million dollars. LDSR, through its wholly-owned subsidiary Hubei Chuguan, has unique green and energy efficiency and conservation technology in the world and is generating significant interest from major oil and refining companies , major energy consumers, and energy distribution and storage companies within China and around the world. The Company has obtained strong support from the Chinese government which has embarked on a national campaign of Green and energy conservation initiatives similar to the U.S. and many other major governments worldwide.
Some of the contracts we have recently closed, such as today's announcement, and a number of additional contracts currently under negotiation are significant in size. It is our intent to begin filing many of these contracts on the Pink Sheets (in both the original Chinese accompanied by English version translations) to provide as much transparency to our shareholders as possible (while being mindful not to disclose proprietary information that may jeopardize our competitive position within the industry.
We are aware that our Company is based in China, halfway around the world, and this can leave the Company exposed to speculation regarding its operations and prospects for continued success. In fact, we have been made aware that there are a number of skeptics that have been making public criticisms against the Company. While we cannot control this type of behavior, we intend to provide our shareholders with as much objective information about our recent successes as possible. We feel that our shareholders will be able to judge for themselves the underlying value of the Company, and make an informed decision regarding the value of the Company's stock.
At the present time, we feel that the stock is trading well below its true value. Our goal is to actively provide updates on business developments and major business accomplishments to help investors evaluate the true prospects of the Company moving forward. From our perspective, we believe that our shares are more properly valued at 1.75 cent per share, rather than the current trading range. When you consider our revenues, our proprietary technologies and our 'green energy' focus and consider the prospects for growth given the deals currently in the pipeline, the Company has excellent prospects to make it to the next level as a maturing industry player."
Mr. Lee concluded; "With the foregoing in mind, our investors should also be aware that there will be times, particularly during sensitive contract negotiations, when discretion is required. We must protect our competitive position at these times, and there may be periods where it appears that the Company has gone quiet. Rest assured that we will make public all the information that we can at the appropriate time, and that while we must use discretion in our public disclosures, we anticipate being very busy developing new business opportunities for the foreseeable future."
Posted by Smash on :
"From our perspective, we believe that our shares are more properly valued at 1.75 cent per share, rather than the current trading range."
Wow...
Posted by Smash on :
Ask just moved up to .0006, this could be a HUGE winner, BUT!! always do your own research friends.
Posted by brokes on :
Smash didn't see you had posted. Anyhow I'm in at .0003. Think it will do well with this news.
Posted by Smash on :
We're probably going to have to deal with a lot of flippers on the way up, but their market cap is like $300k, and this sale is for $8.3 million?!?
Would be nice if we got to $1.75, huh. Posted by Smash on :
ASK is up to .0008. Always do your own research, especially since my opinions could be bias (i'm a shareholder). But this seems like a steal at these prices. I think it just went unnoticed for so long and was left for flippers to play with. I'm really excited about this one!! Nothing better than company insiders telling you the stock value is like 5000X what the price is.
Posted by jdizz on :
how long are you going to stay in this..
Posted by Smash on :
I don't know, i'm not considering selling anywhere near this price (i'm not just saying that to pump this or anything). I haven't set an out price because I really don't know how high this can go. We need to drop a zero to really keep moving. If the CEO says it's value is $1.75, I cannot see why it can't get to .01/share MINIMUM. So I don't know, but definitely not here unless it stays stagnant for days or something. If we break .001, I'm pretty confident we get to a penny very soon, but just my opinion.
Took a dip because it was heavily overbought when it hit .0009, I picked some more up at .0007. The stochastics have corrected themselves, and we've had a lot of transactions in the 8s.
Posted by Smash on :
lol...chart doesn't lie, just bumped up to .0009. We have to drop a zero, and I think it'll hold above triple zeros if we get there.
Posted by jdizz on :
ok im taking your work for it.. i got in at .0008.. only 500,000 shares but **** if it hits then im makn a prtty penny.
Posted by Smash on :
good entry at .0008. I think we're about to break .001!!!! Chart is overbought, but is still correcting itself with upticks? weird
Posted by Smash on :
wow...5,000,000 share buy to send us to .001s, and now like 10 ticks in this range. ASK should bump up in a sec.
ALWAYS DO YOUR OWN RESEARCH, PLEASE PLEASE
Posted by beerlady on :
Guys, I just did a transfer of funds, should be about 20 more mins b4 it shows up in my account. anyways, do you think this will take a dip again, and I can get in, or this late in the day, should I staY OUT AND WAIT AND C WHAT happens in the morn?
Posted by jdizz on :
think it will drop again? i was going to load more at .0007.. kinda scared to get in at .001..
Posted by Smash on :
Well the thing is that when it's "supposed" to drop according to the chart, it retracts like one tick down, then moves up again. I still think we won't see triple zeros again, especially since the ask just moved up to .0011. I don't think there's a better new entry than .001, but you really can't trust my opinion fully.
Posted by Smash on :
Will your broker let you buy stocks this cheap with newly transfered funds?
See, for example, chart was overbought, took one tick down to .001, now no longer overbought. I really cant see sellers driving this back below .001.
Posted by jdizz on :
.0012 ask!!
Posted by jdizz on :
damn i hate holding stocks b/c they always fme lol but this one seems ok to me.. i duno what ima do.. my emotions are startn to turn up
Posted by jdizz on :
was at .0013
Posted by jdizz on :
reached it baby. damn smash were are you so i can give you a hug
Posted by jdizz on :
.0014!!!!!
Posted by beerlady on :
dizz, when u gonna get out?
Posted by jdizz on :
my broker, lets me use unsettled funds jsut i cant sell them until after 3 days
Posted by beerlady on :
0.0016 doubles your money, right? I'm so excited for you guys. I wish I had got my funds moved earlier. Good luck huys, Kristen
Posted by jdizz on :
beerlady i dunno.. lol i want to now, made a good profit kinda.. but if smash is right and goes to a penny or even close to it then i will prob shoot myself
Posted by jdizz on :
beerlady your a kool ass chick by the way
Posted by beerlady on :
0.0015!!!! ur so close :-)
Posted by beerlady on :
if this goes big, you'll have to drive your butt from houston to ks and I'll buy you a beer!! oh, wait a minute...you'll be the rich one, SOO YOU CAN BUY ME A BEER, for me being your cheerleader!! Posted by Smash on :
Oh my gosh, Jdizz don't base your selling point based on what i say
I'm just saying how the market usually reacts to this. If you are stressing like crazy, maybe you should set an out point that you'll stick to no matter what, then don't even check the stock price after that.
Posted by jdizz on :
.17
Posted by beerlady on :
What if you just sell half your shares for a profit now, and then the rest are a free ride???Just be happy with a profit, and find another HOTTIE tomorrow.
Posted by beerlady on :
omg 0.0020. you guys are doing great!!
Posted by Smash on :
still a ton of buys at each level. Good thing is chart is correcting itself on the way up very easily.
Posted by beerlady on :
0.0022, holy crap
Posted by beerlady on :
Where is BROKES? I hope he's watching this and doing a happy dance cuz he's in at 0.0003 ( i think?) I'm doing a happy dance 4 ya'll
Posted by beerlady on :
up 700% 0.0025
Posted by Smash on :
Chart fixing itself. no longer overbought
Posted by Smash on :
Chart just became oversold, should spark the turn around.
Posted by Smash on :
Phew...if you held on during that assault, good job. Ok, we're making our way back now. Everything is calming down again..So many buys during the drop, I think those people will hold strong for an advance.
Posted by jdizz on :
out at .0022.. im wishing i would have stayed in but who knows what a stock will do!! thanks smash and beerlady for the support lol Posted by jdizz on :
i will buy back in tomm. if it takes a dip.
Posted by Smash on :
Always trust yourself, Jdizz. And never feel bad about making a huge profit! Who cares what happens now, right? I'm still holding, looking for an EOD run.
Posted by jdizz on :
i cant beleieve how the avg volume is 6mil and today it is at 500mil!! lolyou are a bada** smash.. keep up the good work for this site..
Posted by brokes on :
Beerlady, I'm a she. Trust me I'm doing the jig. Just wish you were in too. This is the best board ever. Not too many pumps and dumps to me. Are u in SYMW? I'm in at .0010. Volume at this point today is 635,973,691. Might want to give it a try.
Posted by jdizz on :
be careful of symw imo.. i think its goin back down to aroudn .0005.. might have another little run but thats it..
Posted by jdizz on :
brokes, congrats on your entry point with ldsr.. made a good run
Posted by beerlady on :
smash, my money's avail...is this gonna have an eod run?
Posted by jdizz on :
beerladt, im not smash and i dont know as much as him but imo wait until tomm b.c you know stocks usually dump after a 500% run.. i would hate to see you loose..
Posted by Smash on :
Yeah I'd agree with Jdizz, maybe stay out until tomorrow if you don't already have shares at lower prices. I THINK it'll make a decent move, but better safe than sorry, right.
Posted by Smash on :
I can't see much dumping going on tomorrow since it took a pretty sizable dump (that sounds gross, sorry) intraday. I think this should stay on everyone's watchlist for sure though. Far from over if the CEO is anywhere near right.
Posted by Smash on :
Not a bad run. I'm wishing I had sold at .0025, but still made a killing. I'm watching this tomorrow in case it takes a crazy drop, but I'm leaning towards it staying steady. I'm usually very short-term minded, so I'll be out of this most likely. If anyone wants me to read the chart or something (if anyone's in), let me know. I think this is a great stock based on the PR, if your investment strategy is not day-trading. Good luck if anyone gets in. Let's catch the next one! Smash Posted by DOUBLE ME UP on :
Am in on this one for at least 3 days(ughh) hopefully won't fall too bad before i bail.....thanks beerlady for skinny on this one Posted by brokes on :
Smash, you're da bomb. I luv this board. Don't have time to check all the time with work and family - new baby and all but I always look at what u and ticker have to say. Sometimes when time affords I just browse around and buy one mil in a few triple 000's and just leave it for a while to see if it would move. That's what happened with LDSR, HTDS and BHWF. Wasn't even on the computer to see when it went to the 0020's. Beer lady I love your spirit!! Much luv to you from the Caribbean.
Posted by jdizz on :
any predictions on today?
Posted by jdizz on :
i think if it hasnt dropped that much yet then i dont think it will that much to day if any.. might be what smash said, stay steady
Posted by beerlady on :
Good morning dizz...thanks for the pm. I got in this late yesterday...hoping for another run today . chart looks ok this morning. What are you watching this morn?
Posted by jdizz on :
im still watching ldsr.. i might try to flip it real quick since it seems to jump around .0015 to .0016 but the bid is pretty steady so who knows.. what price did you get into yesterday?
Posted by jdizz on :
im just thinking to myself of what it did last november.. it is KINDA followig the same pattern. but like i said before take your profits b/c this is a .000 penny stock..
Posted by beerlady on :
Isnt smash and fiona still in this also? I got in at 0.0015. Not moving today like it was yesterday, would like to c it do what it did for you!! BTW: what did you do last november?
Posted by jdizz on :
sorry, i was talkin about the stock how it went up to .02.. look at the 1 year chart and it kinda resembles the same pattern as of right now..i need a chart expert (smash) to veriy. ask is at .17 now beerlady
Posted by jdizz on :
what are you goin to sell at? or are you holding?
Posted by Smash on :
Well looks like it's staying steady, no big jump, no big drops. Heres what the chart says (today's chart):
Stochastics and Williams %R are moving from overbought (bad) to oversold (good) with little gains or drops. It was heavily overbought when it hit 21, thats why it fell all the way to like 13 (then heavily oversold at 13). Now it's balancing itself out, and we're seeing smaller spreads between oversold and overbought. I think it'll have a really hard time breaking out today. The volume is still huge which can be a good thing and a bad thing. High volume can keep this down overtime because someone, somewhere, keeps undercutting the ask. I think this will be a good stock, imo. I don't think anyone should sell for a loss here. If it stays steady today, it may make a move tomorrow if it still has everyone's attention. Best case scenario is they release another PR highlighting the whole $1.75 value. There's a decent possibility of this, because it seems like the CEO wants the value higher. Always do your own research, aside from the chart reading, everything is just speculation.
Posted by beerlady on :
not sure, honestly i'd like to make a quick dollar, just to make myself (and my account) feel better about my miserable loss with nxhd and blackhawk. What do you think ldsr is going 2 do 2day?
Posted by beerlady on :
thanks 4 info smash, ur still in right?
Posted by jdizz on :
just what smash said. might dip a little today but go back up tomm..
Posted by Dagny on :
I can't even believe I missed this!! I was on the board all morning and gave up about 12:30. Ya snooze ya lose!!!!
Posted by Dagny on :
Dang, want to jump in, but just don't know if it will pull back up
Posted by Smash on :
Wow...sooooo steady today. Hard to believe after a 400%+ day. I'm so impressed by this stock still. I don't know, Dagny, whether or not it's still good to jump in to, but I'm watching it closely for more PR. I wouldn't chase this unless it starts making a move, or the company puts out more press (which I feel like they're going to). If anyone buys in, no one should be selling for a loss at these levels. This is still heavily undervalued (according to what the company says) but micro-penny stocks are heavily based on speculation and may not follow what it's "supposed" to do. Keep watching if you're a day-trader, or jump in if you're a long-term investor. Always do your own research.
P.S. - Wow, just noticed I got 5 stars! Thanks everyone!!! Posted by 09nick11 on :
Smash, you were correct about the press.
Posted by brokes on :
Damn I think I got out too early. Don't mind really because made some good bucks. Looking at SWVL now. Might pay off in the long run.
Posted by beerlady on :
im still in, is anyone else?
Posted by Smash on :
I'm out, but I think I sold too early! That PR is pretty good, I kinda felt they would put some out. Good luck Beerlady!
Posted by beerlady on :
up 50% ask 0.0025
Posted by beerlady on :
ask 0.0028...yea 4 me, since I guess im a loner on this one!! =)
Posted by beerlady on :
ask.0030
Posted by beerlady on :
0.0033
Posted by brokes on :
Beerlady I'm happy for you. Already made my profits and not thinking of getting back in at this point. Don't let a repeat of BHWF happen to you. I learnt the hard way - Take your profits. As a member on this board said a long time ago, Don't be afraid to leave some behind. Remember what Smash said about 000's - its speculation. One Luv.
Posted by beerlady on :
in at 0.0015 out at 0.0033. Yea!!
Posted by brokes on :
YIPPEE!!! YIPPEEE!!! YIPPEE!! Have a Great Weekend!! I'm off for the day to get ready for our Carnival this weekend. Got some dough to spend.
Posted by Smash on :
quote:Originally posted by beerlady: in at 0.0015 out at 0.0033. Yea!!
WOW!! Nothing better than doubling your money! Great job getting out when you did. ON TO THE NEXT ONE...
Posted by beerlady on :
smash, dagny is lookin for you. Check out her post on opxg (i think) she needs your wisdom!!
Posted by beerlady on :
thanks guys...I feel much better, and my account looks much better...after blackhawk and nxhd!! What's the next one... Any thoughts?
Posted by brokes on :
Beerlady last check before leaving home and saw your post. What's your and Smash's thoughts on SWVL. Did a post this morning when volume was at about 13 mil, now almost 175 mil? Need your thoughts. I'm already in and holding for a bit waiting for the ride.
Posted by Hot-Pepper on :
Brokes..... Mainten your position and wait
Posted by DOUBLE ME UP on :
Wow, still in this but completely by accident, couldn't sell for 3 days........ up to .0043 and at 622,934,789 volume..... okay guys when to sell on monday??? any thoughts or should I ride it out for a day or two more????? please any help would be gratiously received!!! And thanks again beerlady!!
Posted by Smash on :
Wow [Double], that worked out well for you. When to sell? That's such a tough question. My opinion is that this'll take a moderate fall on monday (with a small chance of a deep fall). I think it's a good idea to sell right at open on Monday morning. Usually the ask will bump up a little before the bell in this kind of situation. Watch for PR though. The chart ended the session today as heavily overbought, so the gains aren't really sustainable unless some new PR drives the market. Volume may get so high that sellers will hold the ASK down, that's something to think about too. Tough decision that you'll have to make and deal with the consequences (good or bad). My advice is to sell right at open on Monday morning. But always do your own research and trust your own decisions.
Posted by DOUBLE ME UP on :
Thanks Smash, appreciate the advice, sooo new to this.... Will set a sell on monday for sure, just take the profits and run.....
Posted by Smash on :
Ok, good luck Double!
This should stay on everyone's watchlist in case of PR. The outstanding share count is low enough that this can run each time PR is released, especially with the whole $1.75/share suggested value. The ideal situation for us is that it takes a dive on monday, and the company releases PR sometime next week. Micro-cap stocks lose interest very easily, but if the company continues on the path they have set to raise the pps, this can pay dividends for a really long time. Always do your own research, and I'll try to post any PR releases from this company as soon as they come out.
Posted by jdizz on :
man i was off work friday, so no access to the computer! looks like i missed some action haha.. ok well hope some fun stuff happens today
Posted by jdizz on :
.0043! wow lol i just saw that.. looks like it is going to do what it did back in oct/nov.
Posted by jdizz on :
i think i iwll wait for the next pr to get back in b.c it blows up every time one comes out.. hopefully it will go back down in the .002 range to buy in but probal wont! man smash you really did good on this pick, made alot of pople mony. im glad your not takn a profit in peoples returns lol!! thanks again and happy for everyone!
Posted by jdizz on :
ahh so tempting to get in! might be a good flip today?
Posted by Smash on :
I tried to jump in at .0028, but couldn't get order through in time. Still too expensive for me at this range, but all it'll take is PR for this to shoot up. This seems like it will AT LEAST double every time PR is released. Good luck, it might still be a flip opportunity, but PR is the real money maker here.
Posted by jdizz on :
moving back up
Posted by jdizz on :
RUNNIN
Posted by jdizz on :
in at .0045.. i think i will hold on until this thursday b.c i think it will go past .01.. i hope so at least!
Posted by jdizz on :
VRUJ-5-type oil and gas recovery units are the work horse product for the company. It is highly regarded as the industry's leading edge oil treatment and recycling solution. The company intends to provide further updates on other VRUJ-5-type finalized transactions, and further ongoing developments and enhancements of the unit on a timely basis.
In other Company news, the company intends to release its Q2 financials on or before August 15th due date. These documents are currently being translated from Chinese to North American standards. The company is responding to its shareholders requests that the information currently displayed on Pink Sheets be updated. This has been recently completed. The company expects Pink Sheets to display the update(s) shortly in accordance with their verification policies
Posted by jdizz on :
posted not buy me but someone on i hub
"Worth repeating.
> Q2 financials on or before August 15th due date.
> Per uplisting to OTCBB, audit in progress.
> Contracts currently under negotiation are significant in size.
> Significant interest from major oil and refining companies, major energy consumers, and energy distribution and storage companies within China and around the world.
> Strong support from the Chinese government which has embarked on a national campaign of Green and energy conservation initiatives. Wang Gang, deputy secretary general of the association, said "The oil and gas recovery technology developed by Hubei Chuguan Industrial Co., Ltd. can be trusted; they are willing to recruit excellent manufacturer and service provider in order to accomplish the project of the transformation of the oil and gas recovery carry on in Guangzhou."
sold at .004 but kept 20k shares just in case goes to $1.75 Posted by jdizz on :
i think it will go to .01-.02 then dump again.. who knows i may sell tomm but if i do that then i will have unsettled trAdes.. then if it goes on another run i will have no mony to buy in. o well gl to all
Posted by stockvapor on :
smash were are you lol i need some advice
Posted by Smash on :
Hey good morning, I'm here
Posted by jdizz on :
i got in at .0045 yesterday.. what is your opinion on the charts
Posted by Dagny on :
Hey gang!!money burning a hole in my pocket!! Smash, you there, this one I don't know about, will go look, brb....
Posted by Smash on :
Well the chart is neither oversold nor overbought. It actually became heavily overbought when it hit 45, then came down to its current level. The chart isn't indicating any type of rally right now, but it didn't indicate one yesterday either. I don't think you should be selling for a loss if you're considering it. The outstanding share amount is so low that this can climb very easily. So the chart isn't giving us anything worth mentioning, it might climb thanks to speculation, but without PR, I think this will start losing interest (but at a very slow rate).
Posted by Smash on :
But I feel like the company wants the value higher, so they should continue releasing news as they have been.
But that's not based on any factual information.
Posted by jdizz on :
ok kool.. i know that there is going to be a pr befor the 15th of august but im not sure if it will hold off until then.. i will hold for awile hoping it will go to around .008 or .009 then i will sell. thanks smash let me know if you hear of anything else
Posted by jdizz on :
this is stock can make you some serious cash if you play it right. it always dips in the morning (alot) then makes a bada** run
Posted by beerlady on :
dizz, is this gonna run again today?
Posted by Ticker on :
Hey, Kristen! I`ll be in and out today...
GLTA with this stock!
Posted by beerlady on :
Good morn, ticker...I'm not in this one yet, but thinking about it. Made some decent money friday, and would like to do it again today if possible...any thoughts on ario?
Posted by Ticker on :
Nah, jeez, I been working...
I know it had a good run recently?
You in QASP? or PKPL?
Go girl!
Posted by Dagny on :
morning beerlady, what's the play today? Been looking at this one too, but just don't know, looking for that big run....lol
Posted by jdizz on :
wait unitl it drops to about open price or a little before would be a good entry. it always drops then makes a nice run.. it repeats itself.
Posted by Dagny on :
Sounds like a plan dizz
Posted by jdizz on :
here is the deal. i think since this stock is continuing to go up w.out any news lately than it will do pretty good. once the news comes out (supposed to be before 8/15) then this thing will shoot up.. i hope so at least..
Posted by jdizz on :
anyone that is pretty educated, what do you think will happen with the q2 results?
Posted by Smash on :
Hey Jdizz, tell me again where they said they'd release second quarter financials before August 15th?
If the financials are anything like the company is claiming, it should shoot up very, very high.
Posted by jdizz on :
1:12 PM ET 8/11/09 Symbol Last % Chg LDSR 0.00 -2.17% Quotes delayed at least 15 minutes
LandStar Inc. (LDSR) www.landstarcorp.com operating subsidiary, Hubei Chuguan Industry Co. Ltd., has started contractual negotiation with the fuel management department of Guangzhou Military Region in China. Chuguan's role will be providing both products and services for the project. Based on the initial discussions, Guangzhou Military Region requests that oil and gas recovery units be required to be installed for its five oil depots. The perspective installations are the part of its comprehensive management, and transformation plan for the oil. The total value for these installations will be close to 20 million RMB Yuan, or approximately 2.9 million USD. Exchange Source www.xe.com
In other Company news, the company wishes to use this opportunity to better acquaint itself with its shareholders and followers. The company is in the process of displaying images of some of its China based officers and directors on its corporate web site www.landstarcorp.com. Images of the company plant, units and China operations can be found at this direct link - http://www.chuguan100.com. Additionally, from LDSR's main page, www.landstarcorp.com, many news and events pdfs have been made available to its followers. The company also maintains a small executive type administrative office for its corporate secretary and its corporate spokesperson - Chinese translator - investor relations representative in Toronto, Canada.
Mr. Lee Congtang, CEO, Chairman, said, "Our march towards our targeted 0.0175 to 0.02 cent price per share is well under way. Sometime next week after the market has had the time to absorb our recent news events, and had time to digest our financial statements which we will be shortly filing; LDSR intends to call a meeting of our board of directors and advisors and to pass certain board resolutions regarding our proposed no recapitalization and no dilution policy."
LandStar Inc. (LDSR:PK) 2.9 Million USD Military Contract
Another contract that's higher than the market cap!!
Phew..just got filled
Posted by Smash on :
This doubles every time PR is released! Always do your own research, but don't miss this ride if you've been looking for an entry point.
Also, I'll check out that link you gave me Jdizz.
Good luck, and ALWAYS do your own research.
Posted by jdizz on :
what did you get in at? and what might you sell for.. i had a sell order this morning foro .007 but now i might give it another thoght lol
Posted by Smash on :
I got in at .0056, taking a dip right now but the chart is oversold. I think selling at .007 wouldn't be a bad idea. I think it may get higher than that today or sometime this week when the financial statements are released. But taking a nearly 100% profit is always a good idea.
But I'm a little confused. The CEO said, ""Our march towards our targeted 0.0175 to 0.02 cent price per share is well under way." but didn't he say it should be $1.75 last time? Its either a typo today or last time. Regardless, getting over a penny is all I'm concerned with.
Posted by jdizz on :
man its goin down now.. hope the buying picks up
Posted by Smash on :
Sheesh it's coming down hard. I'm not sure why. The chart is 100% oversold at .0048, I can't see it going down any more according to the chart.
Posted by jdizz on :
man i dunno we got 2 hours left, im sure it will make another run
Posted by jdizz on :
smash here
In other Company news, the company intends to release its Q2 financials on or before August 15th due date. These documents are currently being translated from Chinese to North American standards. The company is responding to its shareholders requests that the information currently displayed on Pink Sheets be updated. This has been recently completed. The company expects Pink Sheets to display the update(s) shortly in accordance with their verification policies.
Posted by Smash on :
Ok cool. Yeah with this kind of volume, all eyes are going to be on those financials. If they include revenue like that $8.3 million sale, today's contract numbers, etc, we might see a VERY favorable response from the market. The market cap in the U.S. markets is only $2.2 million. If this doesn't make a big move today, I think I'll just hold and wait for the financials...something's gotta give here. It's already made a killer gain over the past week or so, but the company thinks it should be a lot more, and it seems like they are, indeed, doing everything it can to get it to that suggested pps.
Posted by Smash on :
"Sometime next week after the market has had the time to absorb our recent news events, and had time to digest our financial statements which we will be shortly filing; LDSR intends to call a meeting of our board of directors and advisors and to pass certain board resolutions regarding our proposed no recapitalization and no dilution policy."
That kind of hints that the financials should be received quite favorably. "Absorbed", to me, implies big gains. As I keep saying, no one should be selling for a loss on this stock, I think it's only gonna go up. BUT, never trust my opinion as factual.
Posted by jdizz on :
smash nice man i guess i overlooked that!
Posted by brokes on :
Smash,jdizz, Beerlady, Value you all a lot my trading friends. I also think you are more experienced than me.
Think it will run again and I am trying very hard not to break my cardinal rule for trading - do not get into a stock again after making some bucks on it already. I did with BHWF and lost a tidy sum. I don't care if it reaches $1.00 there will always be new opportunities. Now trying my luck with MSTF. To me its a matter of time before it runs because they are getting contracts. In at .0001 and waiting for a move. I learnt many lessons the hard way.
Posted by jdizz on :
bokes as for me im not that experienced, thats why i ask smash for most of my questions.. what i think is that ldsr has gone up the last few days even after a big spike.. stocks that shoot up huge tend to fall the next day.. with the anticipation and knowing that the q2 is coming out i believe it will deff pass up .007.. probaly higher.. i am with you on the never buy if u made a gain.. i made a gain 4 days ago on ldsr and sold then bought again thats why i am so hesitan on holding. but smash knows what hes talking about (no pressure smash lol) so ima hold a little longer..
Posted by Smash on :
If you've set a cardinal rule for yourself, I agree that you shouldn't break it. As for MSTF, I've been watching it for a while now because they seem to be getting a lot of new contracts. But it's INCREDIBLY hard to get out of the .0001, .0002 bounce-fest. It hasn't broken .0002 since November-ish of 2008. If you get in at .0001, and have patience to wait for a buyer at .0002, thats great. But I personally cannot see this breaking .0002, 3, etc without monumental news (like Wal-Mart or something). The problem is, how can a shareholder who purchased at .0001 not take a 100 or 200% profit? They will take it, and thus, keeping the pps down indefinitely. Good luck, I'll continue watching, but I just can't see it moving above .0002. But always trust your own research.
Posted by brokes on :
Cheers Smash and Jdizz Smash is like the father of this board - I always check to see what he has to say. I lost almost all my investment sort of chasing behind stocks because of inexperience and so on. Gradually built back up my portfolio taking a $300 or $400 profit here and there. Now the strategy I found that works best for me is this. Buy 1 mil in a few triple 000s like in the 1,2,3 range and just hold it there. Leave half my money free and when news comes and it starts running quickly buy like 10 mil, make a quick 10-20Gs and leave. Collect my profits. That's it. It works for me beautifully.
But that's just me. Thank God for the day I discovered penny stocks. I know everyone has their own strategies and policies that works for them. Value your advice and opinions greatly. One Luv
Posted by jdizz on :
brokes thanks for the advice. i like this board alot even tho its not as active as others i will only listen to people on here.. others is jsut a pump usually.. glad we got honest people here that want to see others make money
Posted by Smash on :
Revenues: 15 million USD Assets: 10 million USD Debt: 5 million USD
AND:
Vapor recovery unit retail price $ 30,000.00 usd (you can see a picture on the website)
I think thats the product they keep selling. I posted this for the shareholders, not to try to pump the stock or anything. I'm guessing the financials will look somewhat like that, but they're going to release PR highlighting specific areas of their finances, I bet, to increase curiosity. I'm freakin down right now, but I think we'll be just fine by week's end, if they follow through with everything they're promising and don't give us any nasty surprises.
Posted by jdizz on :
smash did you get in at .0056?
Posted by jdizz on :
i guarantee that this thing will drop tomm morning.. (dont get shookn up and sell) then like it has been doing gradually go up throught the day.. i think the q2 will put this thing up pretty good
Posted by Smash on :
quote:Originally posted by brokes: Buy 1 mil in a few triple 000s like in the 1,2,3 range and just hold it there. Leave half my money free and when news comes and it starts running quickly buy like 10 mil, make a quick 10-20Gs and leave. Collect my profits. That's it. It works for me beautifully.
But that's just me. Thank God for the day I discovered penny stocks. I know everyone has their own strategies and policies that works for them. Value your advice and opinions greatly. One Luv
Dang girl! 10 to 20g's?!? That strategy must be dam* good then. I completely agree, penny stocks are the best thing I ever came across. 10 to 20g's and "leave"....leave all the way to the bank
Good luck Posted by jdizz on :
man i wish i had that money. lol
Posted by Smash on :
no joke. The thing is, when your portfolio gets above a certain level, money just floods into it if you have a good strategy. I'm very impressed by the kind of money brokes is making.
Posted by jdizz on :
what is a good stradegy that you do smash? i always loose then gain so i have not that mch profit lol..
Posted by jdizz on :
hmm eod run?
Posted by Smash on :
Looks like it huh, .0059. We need to break .006.
Posted by jdizz on :
are you gunna sell lol i know ive asked u 1mil times hah
Posted by Smash on :
No i'm not. I don't see a reason to before the financials.
Posted by jdizz on :
see i dont live up to my stradegy lol
dont make yourself loose money in a stock that you had a resonable profit in
but... i see ldsr it going places
Posted by Smash on :
But if you've made a big profit off of this EOD run, Jdizz, I wouldn't see problem selling. Remember your signature.
But I'm feeling pretty good about it myself. Financials and more PR's coming this week according to today's press release.
Posted by brokes on :
Smash I only started with $2000 and now I am ashamed to tell u the value of my portfolio or should I say what's in my bank. You have to be smart and try not to run behind a profit everyday and keep a clear head. I am also very impulsive. Like when LDSR started moving I immediately sold off all my other triple zeros at the bid price and dumped all of my funds into LDSR, sold the next day because I am not a day trader at .0017. I then collected my profits and got back into all of my positions I previously held for another wait. It's easy. When u have 5million shares each point it goes up means $500 bucks guys. U do not need much money either. YOu can buy 5mil shares at .0001 for $500.
Posted by jdizz on :
i wish me and u woulda held when we got in at liek .001 lol
Posted by Smash on :
Keep in mind that you and I are in different situations too, Jdizz. I'm in at .0056, so I'm in a position to hold. But if you've made a big profit today, you've gotta think of your signature. Good luck in your decision!
Posted by Smash on :
Oh my God, no joke. I bought 3.8 million shares at .0004!!!! I could've sold now for like 20-something grand. But you know, hindsight..
You got in at like .0008 or something, so yeah, shoulda, coulda, etc, right.
Posted by jdizz on :
i think that the pr will come out on thursaday.. it seems that they put one out everyother day or so..
Posted by jdizz on :
haha man thats the fun of stocks tho right? exactly what you said.. could woulda.. if i would have held onto most of the stocks i sold short i wiould be rich lol
Posted by jdizz on :
smash i know im rambling and dreaming lol but jsut think if this hits 1.75 and we sold at like .007 or .008 lol
Posted by Smash on :
lol...exactly. Posted by jdizz on :
ok well .0057 not to bad of a close.. i deff think with the q2 coming i dotn see how this will nose dive.. you never know the b.c its a stock.. im outa here for the night. see yall in the morning..
Posted by Smash on :
Well I've got good news and good news.
Good news for me is we closed at .0056 (what I bought in for), so I'm happy being even.
Second, the closing price is on the bid, ask is one point up..that's always good.
Third, chart closed 100% oversold. Both Stochastics and William %R are as oversold as they can be. That will either keep us stable in the morning, or we'll get a nice boost.
We just need PR and Financials...all the way to the bank.
Posted by Smash on :
Hey Jdizz and anyone else who's in this, Level two looks really good. Got it from another board. The whole $2.00 ask on the bottom is nothing, we're not gonna see that, but looks like we've got a clean path to .007s.
Date: Tuesday, August 11, 2009 4:05:24 PM In reply to: None Post # of 4307
Final L2: 1 ask * .0057 / 5 BIDS * .0056
1 ask * .0060
2 ask * .0062
2 ask * .0063
1 ask * .0065
NEXT:
ask * .007
Final ask $2.00 (really)
Posted by Dagny on :
Brokes!!Way to work it. Who is your broker? I have scottrade and often my 000's will go up, and i try to sell, and they just sit there. I have a .0001 I have been trying to sell for months, and it won't go. That's why I can't figure out how you can buy at .0001 and sell at .0002, it just don't work that way for me. Maybe i need a new broker.
Posted by brokes on :
Zecco Trading - they're fantastic for me and haven't heard any negatives about them and its $4.50 transaction fee. Quite good.
Posted by jdizz on :
ask already at .0062 Posted by jdizz on :
.0063 so far.. hopefully see the 7's today.. smash at least your ahead now!
Posted by jdizz on :
7s!
Posted by jdizz on :
smash are you missing this run lol!!
Posted by jdizz on :
sold at .0081.. prob soudla waited but ima get in again at a dip (if it does)
Posted by Smash on :
Sorry, I'm at work.
WOW!!
Posted by jdizz on :
at .0085 makn the run AGAIN!! geezz i wish i woulda stayed in now!!
Posted by jdizz on :
this lil shi* was just at .0003 like 5 days ago.. ok had 500000k shares at .0008 and sold for .0017 then bought 300000k shares at .0046 then sold for .0082! poin im tryin to make here is why do i keep buying and selling. if i woulda just held on i would have made a shi* load more than what i did... well this last week has been alot of fun for me, as yall can tell how many post i make about ldsr.. ok and again THANKS SMASH i owe you one!
Posted by Smash on :
Don't look back Jdizz. You should always take a 100% return!
We agreed no hindsight, right?
Posted by jdizz on :
excuse me sold for .0081****
Posted by Smash on :
Oh speaking of what could have been, I bought 3.8 million shares at .0004 for like $1500. At .0085, they would've been worth $32,000!
But who knew, how can you forsee this kind of increase in stock price. The thing is, if you (jdizz) and I would've sold, then this came crashing down, we'd look like pros. So it's a catch 22. You decide how good your decision was after reality tells you what happened, not a reasonable measure.
Good luck buddy, I still have 150k shares just in case the financials are sweet. Alright, I'll catch you on the next one!
Posted by Dagny on :
Well I took a freakin nap and missed this one by about 10 min. So if we were fortune tellers we would all be rich, looking for that "next" one smash and dizz....it will come
Posted by Smash on :
Wow..making another move, ask keeps moving up like crazy.
Posted by jdizz on :
.009!
Posted by jdizz on :
smash rackin in the cash!!
Posted by Smash on :
I can't see why it's surging right now. Chart is nearly overbought, so it might be hard to sustain. If we break a penny, this is gonna take a few ticks down, i bet.
Posted by jdizz on :
i think it will break .01.. like yesterday it ran like crazy 30 min before eod..
Posted by Smash on :
I think everyone rushes to get into it in case financials are released after hours or before the bell. I hope the report's good, otherwise, this is coming down hard.
Posted by DOUBLE ME UP on :
I strongly beleive those financials are going to be incredible...............................see below. LandStar Inc. (LDSR:PK) 2.9 Million USD Military Contract
WUHAN, China, Aug. 11 /PRNewswire-FirstCall/ - LandStar Inc. (LDSR) www.landstarcorp.com operating subsidiary, Hubei Chuguan Industry Co. Ltd., has started contractual negotiation with the fuel management department of Guangzhou Military Region in China. Chuguan's role will be providing both products and services for the project. Based on the initial discussions, Guangzhou Military Region requests that oil and gas recovery units be required to be installed for its five oil depots. The perspective installations are the part of its comprehensive management, and transformation plan for the oil. The total value for these installations will be close to 20 million RMB Yuan, or approximately 2.9 million USD. Exchange Source www.xe.com
In other Company news, the company wishes to use this opportunity to better acquaint itself with its shareholders and followers. The company is in the process of displaying images of some of its China based officers and directors on its corporate web site www.landstarcorp.com. Images of the company plant, units and China operations can be found at this direct link - http://www.chuguan100.com. Additionally, from LDSR's main page, www.landstarcorp.com, many news and events pdfs have been made available to its followers. The company also maintains a small executive type administrative office for its corporate secretary and its corporate spokesperson - Chinese translator - investor relations representative in Toronto, Canada.
Mr. Lee Congtang, CEO, Chairman, said, "Our march towards our targeted 0.0175 to 0.02 cent price per share is well under way. Sometime next week after the market has had the time to absorb our recent news events, and had time to digest our financial statements which we will be shortly filing; LDSR intends to call a meeting of our board of directors and advisors and to pass certain board resolutions regarding our proposed no recapitalization and no dilution policy."
good entry poin at .0087 right now imo..
Posted by jdizz on :
glad no one listend to me on the .0087 lol!! .0077 right now
Posted by Smash on :
LOL LOL LOL
You're funny Jdizz. I sold first thing in the morning, thank god. I'm glad we got out!
I'm sure it'll turn around if that financial report is good, but I'd rather take my money and not risk it.
Posted by jdizz on :
yes, im glad we made some money on this.. its just you cant risk it in a penny stock. i have learned that from the past. it will be fun the next one we get into though! monday my funds sould be sttled
Posted by Hot-Pepper on :
This one took a fall from 0.01 to 0.074. I picked up a few at 0.077, but do not know if it's going to drop even more. Smash you are very lucky that you sold in the early hours. I think it is climbing back up again....who knows what t will do!!! maybe form a base line for a while before moving again.
Posted by jdizz on :
i thinkt the q2 will come out today. you sould be good
Posted by beerlady on :
Hey guys, gals...just read this news...is this thing going to make another run this afternoon or monday morn? please let me know your thoughts
WUHAN CHINA, Aug. 14 /PRNewswire-FirstCall/ - LandStar Inc. (LDSR) www.landstarcorp.com operating subsidiary, Hubei Chuguan Industry Co. Ltd., was invited as a leading bidder to participated in bidding for the oil and gas recovery management project of the Nansha oil depot owned by Guangdong China United International Co., Ltd. The total of investment for this project is valued at 5.19 million RMB yuan Approximately 750,000.00 USD (See unauthorized links)
In other Company news, the company intends to release its Q2 financials shortly after the market closes today. The company is pleased to report that it has met its targeted goals and objectives.
Posted by Hot-Pepper on :
News at last, but not warm enough to move it upwards : Check out the below news :
LandStar, Inc. (LDSR:PK) Nansha Oil Project
Aug 14, 2009 10:39:00 (ET)
WUHAN CHINA, Aug 14, 2009 /PRNewswire-FirstCall via COMTEX/ -- LandStar Inc. (LDSR) www.landstarcorp.com operating subsidiary, Hubei Chuguan Industry Co. Ltd., was invited as a leading bidder to participated in bidding for the oil and gas recovery management project of the Nansha oil depot owned by Guangdong China United International Co., Ltd. The total of investment for this project is valued at 5.19 million RMB yuan Approximately 750,000.00 USD (See unauthorized links)
In other Company news, the company intends to release its Q2 financials shortly after the market closes today. The company is pleased to report that it has met its targeted goals and objectives.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of LandStar, Inc. that constitute forward-looking statements for purposes of the safe harbor Provision's under the Private Securities Litigation Reform Act of 1995. The words or phrases can be, "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. LandStar, Inc. cautions you that any forward-looking information provided by or on behalf of LandStar, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. LandStar, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond LandStar, Inc.'s control. In addition to those discussed in LandStar, Inc.'s press releases, public filings, and statements by LandStar, Inc.'s management, including, but not limited to, LandStar, Inc.'s estimate of the sufficiency of its existing capital resources, LandStar, Inc.'s ability to raise additional capital to fund future operations, LandStar, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match LandStar, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. LandStar, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Disclaimer
This is not an offer to buy or sell securities in any jurisdiction. This communication is for informational purposes only. This third party publication is not prepared or approved by MMG (Mina Mar Group) and therefore, may not meet research disclosure requirements applicable to MMG. The contents herein may be subject to copyright laws and any dissemination in whole or in part electronically or otherwise may not be shared with others without the author's prior written consent, which consent can unreasonably be withheld. We do not give legal or security trading or accounting advice of any kind. We are not a licensed broker dealer and do not claim to be. We make no representations as to the suitability of any transaction at any time. The opinions, estimates and projections contained in the publication are those of the author as of the date indicated and are subject to change without notice. MMG makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors or omissions which may be contained therein and accepts no liability whatsoever for any loss arising from any use of or reliance on the report or its contents. MMG its affiliates and/or their respective officers, directors, independent contractors or employees may from time to time acquire, hold or sell securities of issuers mentioned in the publication, related securities, or options, futures or other derivative instruments based thereon. MMG may act as financial advisor and/or consultant for certain of the issuers mentioned therein and may receive remuneration for same. MMG or its affiliates may have consulting arrangements with, or provide other remunerated services to, the issuers mentioned herein. The reader should assume that MMG or its affiliates may have a conflict of interest, and should not rely solely on this publication in evaluating whether or not to buy or sell securities of issuers discussed herein.
The Guangzhou Nansha Development Zone signed an agreement on strategic cooperation with the Petrochina International Co., Ltd on June 22nd.
According to the agreement, an oil depot of 765 thousand cubic meters and an 80-thousand-ton oil wharf will be built on Xiaolu Island of Huang'ge, by the end of this year.
The agreement covers projects concerned with construction of an oil depot and wharf, oil trade, construction of a petroleum logistics and delivery center and oil filling facility for international ships and more.
Petrochina International Co., Ltd plans to explore the South China market by operating the oil depot and wharf while the Nansha Development Zone permits construction of the oil depot and wharf on condition that no threat will be posed to safety, capacity and/or environment. Additionally, the Nansha Development Zone will offer its support to Petrochina International Co., Ltd on issues concerning appraisals, safety assessments, environmental assessments, applications and other points and it will ensure supply of water, gas and electricity for the project which is expected to be completed by the end of this year.
Petrochina International Co., Ltd promised to set up a subsidiary at Nansha which is expected to be licensed to import and export crude or refined oil products, promoting oil trade by making full use of the oil depot.
(Translated by Guangzhou Association of Foreign Affairs Translators)
Editor: 张莹
By: Source: english.gz.gov.cn
Posted by Hot-Pepper on :
PetroChina Company will establish South China's largest refined oil depot and product distribution center on Xiaohu Island in Huangge Town of Nansha District in Guangzhou.
PetroChina International Company and the Administration of Guangzhou Nansha Economic and Technological Development Zone signed a strategic cooperation framework agreement in Guangzhou on June 22.
Data shows that items listed on the project include a refined oil depot, pier construction, refined oil product trade, construction of a petrochemical logistics and distribution center, fueling services for international ships, ships for both fire fighting and towing functions, and other relevant supplementary items.
PetroChina will build a refined oil depot with a total storage capacity of 765,000 cubic meters and a harbor with a capacity to handle 80,000 tons of refined oil products on Xiaohu Island. The project can deal with 500,000 tons of refined oil each month. This is PetroChina's largest refined oil depot and distribution center for important refined oil products in South China.
Chinaoil is a wholly owned subsidiary of PetroChina. China National Petroleum Corporation (CNPC) views the Guangzhou Nansha project as a key move for its development and planning, and a supporting point for its supply chain of refined oil products in South China. The project is expected to be completed by the end of 2009.
As a supplementary project, China Petroleum Transportation Corporation and Guangzhou Nanye Storage Company plan to jointly invest 350 million yuan to construct a petrochemical logistics and distribution base on Xiaohu Island. Following its completion, the base can increase annual turnover by 350 million yuan.
China Marine Bunker (PetroChina) Company and Guangzhou Hongye Group also agree to establish a joint venture company.
With PetroChina's Nansha oil depot piers as the base, the joint venture will provide fueling and foreign ship supply services for international ships in the Pearl River Delta region. Its annual fueling capacity can reach over 1 million tons, with annual turnover exceeding 3 billion yuan.
Information shows that at present numerous well-known central state-owned enterprises (SOEs)—including China State Shipbuilding Corporation, Dongfang Electric Corporation, China Xi'an Electric Group, PetroChina, China Datang Corporation, China Shipping (Group) Company, Baosteel Group Corporation, China Resources Power Holdings Company and China North Industries Corporation—have invested in 26 projects in Nansha.
The industries span shipbuilding, energy equipment, petrochemicals, port logistics, high-end new technologies, infrastructure and the service sector. Recently, Dongfang (Guangzhou) Heavy Machinery Company successfully manufactured and delivered five vapor generators for the Ling'ao Nuclear Power Station's second phase project. This indicates that China has localized the manufacturing of key nuclear power equipment.
By People's Daily Online
Posted by beerlady on :
hey hot pepper, read my post above yours and let me know your thoughts... please and thank you!
Posted by Hot-Pepper on :
Beerlady, I am now waiting to see what the investors will gather from this news. The volume is up as many are buying. Now remember, a lot of people sold out yesterday and it caused the stock to drop drastically. If there was no sale yesterday at the magnitude, the purchase today would have resulted in an early run. Alot of the people who made money yesterday are buying it back at a low price.
Posted by jdizz on :
wonder why the q2 didnt come out fridaY? hmm..
Posted by Smash on :
Hey you're right, Jdizz, I forgot about those. Companies should never be late after giving us a deadline date. That could create an opportunity for re-entry for us though. If it keeps falling, then favorable financials are released, it could shoot back up. I'm gonna watch it today in case they release anything intraday.
Posted by jdizz on :
ok sounds good. let me know what you are going to do. i was going to re enter also, if i heard anytthing else
Posted by jdizz on :
good news... unsettled funds to trade though :/ bought glcc and sold this morning! wish i had more money inthe account! think the goverment will bail me out on this?
Posted by Smash on :
Did anyone else notice the outstanding shares jump to 3.6 billion? and the market cap to $19.8 million?
It used to be about 400 million o/s, and a $2-3 million market cap (ish).
I don't like the change. I can't see this moving as easily as it used to now that the market cap is so large (relative to the past number). I think this is what it was supposed to be the whole time, but penny stock speculators love seeing a large contract coupled with a small market cap. I feel like a lot of the interest in this will begin to dissipate. I hope I'm wrong though, because this so easy to flip with PR.
Posted by Ferris Buller on :
If you look at the 5 day moving average, the stock still has room to grow, It should at least be in the .0085 range for its high, with a median close range of .0066. Especially considering that at yesterday's close the ask was .0068, with an uptick and steadily increasing volume. So even if you assume that people put in their ask at .0057, the volume should carry it to at least .0074...I guess we will see if I'm right.
-good luck
Posted by Ferris Buller on :
Press Release Source: Land Star Inc. On Monday August 31, 2009, 8:03 am EDT Buzz up! 0 Print Companies: LANDSTAR INC WUHAN, China, Aug. 31 /PRNewswire-FirstCall/ - LandStar Inc. (LDSR) www.landstarcorp.com operating subsidiary, Hubei Chuguan Industry Co. Ltd., through Mr. Lee Congtang, CEO, Chairman wishes to express its gratitude to a great successful Expo held in Toronto Canada on August 28, 2009.
Related Quotes Symbol Price Change LDSR.PK 0.00 0.00
Mr. Lee Congtang said "This is a great event and we will definitely be back for the 2010 conference which I understand will be held early in the new year. I'm also advised that future plans of our corporate advisors and investor relations company (Mina Mar Group) are to host at least 2 of these similar events per year, and we intend to be there for every event. This, we see as a great way to connect with our shareholders, and network for other business. My primary reason to visit Toronto was to find out the details, and progress of our planned audit and up list to becoming an SEC reporting issuer and ultimately moving up to the OTCBB. I'm pleased to advise our followers that we have received a good word from a Toronto based SEC approved auditor on this matter. The Toronto based auditor was selected because of their affiliations or representatives they have in China which by all accounts should expedite this process. They have reviewed our preliminary financial documents, and we have been advised that they will require between 10 to 12 weeks to complete their task. We have set our targeted goals as the 1st quarter of 2010 to achieve the task of being an OTCBB issuer. I need not remind our long time LDSR shareholders that just 12 months ago LDSR was an issuer in distress and peril. Those days are now long behind us however worth reflecting back as to where we came from, and just how far we have come along. Although we are headed to OTCBB we are also advised that with our net revenues, audit, assets and new filings we will do, this may not be our final destination as there are other higher tiers available to us at that time. This will be our target for 2011.
In other corporate updates, LDSR is an issuer with a partial beneficial rights to a $4 million dollar lawsuit against an Investorshub.Com entity for the various malicious, slanderous and misleading posts being made on their website, who with total disregard for International laws continue to broadcast various false and misleading information. We were advised that we can note the Defendant in default this week but the registrar of the court insisted that he will not do so because we have amended the claim and added parties. (Additional poster names, individuals and entities which we believe provide support to these posters were added to the complaint). That is the registrar's ruling; and he advises that the new amended claim be served on Investors Hub as well, again, before default judgment can be had. We believe that because this is a USA entity being sued in Canada who at first defended the claim and suddenly stopped and never showed up to court at the set date. The courts are affording the defendants a second chance, as this is a sizable claim with serious consequences. Even though the new amended claim makes no new allegations against this Investors Hub, the registrar will not take it under the rules, and requires service of the amended claim".
More details to follow.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of LandStar, Inc. that constitute forward-looking statements for purposes of the safe harbor Provision's under the Private Securities Litigation Reform Act of 1995. The words or phrases can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. LandStar, Inc. cautions you that any forward-looking information provided by or on behalf of LandStar, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. LandStar, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond LandStar, Inc.'s control. In addition to those discussed in LandStar, Inc.'s press releases, public filings, and statements by LandStar, Inc.'s management, including, but not limited to, LandStar, Inc.'s estimate of the sufficiency of its existing capital resources, LandStar, Inc.'s ability to raise additional capital to fund future operations, LandStar, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match LandStar, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. LandStar, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Posted by Ferris Buller on :
I took particular notice to "moving up to OTCBB in the first quarter of 2010"... but " company earnings don't dictate we remain at OTCBB status"... which means they are planning to hit the major indexes soon... MMM...I CAN'T WAIT
Posted by beerlady on :
interesting news about the lawsuit involving posters on ihub...i think it's a good thing...people should be held liable for their malicious comments.
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