Post by
smalfishbigpond on Mar 24, 2016 5:15pm
CHECKING NEWS OF GEO-JADE FURTHER REVEALS...
Found a news article while searching geo-jade.
This article explained that geo-jade stock hasn't traded since last Sept. It is about to by way of issuing shares to raise funds to buy an exisiting firm in Shanghai called Longhou Xinke. It is this company that has BNK targeted for purchase. 'Longhou' can only purchase BNK if it is private. Therefore, this BNK purchase can only be done once 'geo' issues shares, raises capital and then buys 'longhou' which in turn completes the purchase of BNK.
At least that how I read it which indicates to me there are a few hurdles to jump befoer this is a certain deal. Perhaps this explains what the 'certain circumstances' of the offer is all about.
Check it out for yourself...a simple search of geo jade longhou xinke will get you to the 'china daily' site with the news article.
Comment by
f_the_bankers on Mar 24, 2016 9:31pm
good job. keep trying to shake the weak hands out. whoever's paying you wants to get their hands on more shares at anyone's expense.
Comment by
gaandu123 on Mar 24, 2016 10:34pm
He pointed out the facts,nothing wrong with it.