Here is all I could find on GCHC-Greater China Corp-as supplied by SEC filings, press releases and direct talks with company. Shares outstanding-~24M, shares held by insiders~20M which puts float at ~3M to 4M. Insiders have bought, none have sold-even when share price hit $1.38 last summer. Shareholder base~2400. Revs'$22M-last was barely negative-company says this last qtr will come in positve. GCHC merged with ITG last year. ITG owns '5 separate companies which produce and distribute fiber optic cable, gel and related tools to install and check. They have been in China & HK for over 13 years, are respected, have client base of ~5000, have 3 offices-one in NY, China and HK. Officers have min. salaries of $70K to $90K. They are seeking $12M private placement money which they say will be completed next qtr. This money will be used for acqusition and plant expansions. They are in talks with Newsdata Netwark for expansion in the internet. The 10Q will be out shortly with important numbers and 10K will fully disclose all present and future plans. This company will have audited financials by legit outfit and SEC filings. GCHC looks to get listed on NYSE if stock price gets to $5 or more. Will list NASDAQ as second choice-more volitility. With this scenerio, esp. low float, stock price will move up very rapidly on any press releases. Company said they will release news in next 2 weeks. Any futher questions should be directed to 212-935-0561 NY or 011-44-1825 762932 HK or Jeff Berg-Attorney at law-310-820-0083 in LA,Calif.
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The stock closed at 59 cents, up 55% on 233K volume, an increase of 1700% in volume. The stock had a previous short lived "spike" at around 70 cents. This time, it might be different because of the increased awareness of China and some good news on the stock. It's worth a try, but bears watching closely. |
