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.

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Puda Coal Inc > thank you COLDHEAT for the updates and a question

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Post by bowmacwoodon Mar 25, 2014 2:01am

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thank you COLDHEAT for the updates and a question

I am an unlucky shareholder and am down about 20 grand - ouch. I invested off a formerly trusted paid newsletter, that touted the heck out of PUDA. I have just recently followed your posts on this court case, and I truly appreciate the posts.

I would like you to clarify the jist of this court case ....as I understand it:

Someone KNEW that the PUDA was a scam and they held a lot of shares at or near a market high. This person or group was able to sell their shares on the market to the next poor sucker?

Now this person is getting sued essentially for being a scumbag.

thanks again

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