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Puda Coal Inc PUDA

Puda Coal, Inc. (Puda) is a supplier of high-grade metallurgical coking coal to the industrial sector in the People’s Republic of China (the PRC or China). Its processed coking coal is primarily purchased by coke and steel producers for the purpose of making the coke required for the steel manufacturing process. Puda’s operations are conducted by Shanxi Puda Coal Group Co., Ltd (Shanxi Coal), which it controls through 90% indirect equity ownership. Puda cleans raw coking coal sourced from third-party coal mines primarily located in Liulin County, Shanxi Province, and markets the cleaned, coking coal to coke and steel makers. Its primary geographic markets include Shanxi Province, Inner Mongolia Autonomous Region, Hebei Province, Beijing and Tianjin, China. It purchases raw coal from a diversified pool of local coal mines in Shanxi Province.


GREY:PUDA - Post by User

Bullboard Posts
Comment by esrdirecton Oct 25, 2011 3:56pm
219 Views
Post# 19180297

RE: RE: RE: Dearth of info on Puda

RE: RE: RE: Dearth of info on PudaHi FFH, You have hit all the relevant points. I was approached by several law firms seeking that single large shareholder to be the poster boy for the law suit, but after they found out I was small potatoes they ignored me. I have also emailed the PUDA Investor Relations address and have never recvd an answer back. But the way I see it, PUDA appears to be operating normally. I can see this dragging out for a long time as well and the way the share prices have fallen Zhao could buy it back at .03 on the dollar and when the company finally sorts the mess out, he could make enough money to pay off the fines (bribes) and still have cash in the bank. Just call me a pessimist. Their fiscal year ends in December so we may see something from them in January. I may be completely devoid of reason but i think I will pick up a few shares over the next couple of weeks just to roll the dice.https://www.pudacoalinc.com/index.html
Bullboard Posts