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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

Post by coldheaton Aug 11, 2015 1:56pm
170 Views
Post# 24007658

The "never ending story" has pretty much concluded

The "never ending story" has pretty much concluded
The only things left are the summary judgment request from Tang and Wizell, which will not be acted on until sometime in September. The SEC case is over with judgments filed and there is some sort of inquiry requested by plaintiffs who are ticked off that they are not likely to cover the lawyers expenses and want to get everything they can from the only money available..the SEC Macquarie settlement. None of this is likely to have any effect on shareholder recovery so I'm pretty much done here.. I expect at some point to get a mailing from the fair fund (SEC) whenever they get done fighting over the scraps. It is at that point, you will know what recovery there is.. Should a "Surprise" occur, I will post it, but it appears to me that the clock has just about stopped. Have a great day and good luck trading..
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