GRAND POWER LOGISTICS GROUP INC. V.GPW

WORTHLESS PAPER

[eInvestor99]

BEWARE!!  Berfore you buy into Grand Power stop and ask yourself why promising company with good profit and growing revenue still only has a P/E ratio of 2.21. Something is fishy.  I recently saw an article on their Q2 results that said “The decrease in net profit was principally due to the decrease of the Company’s share of equity value in associated companies in the amount of $416,881. Without accounted for this equity value, the Company would have a net profit of $329,693”.  What it should have said is management scammed the shareholders for $416K, so the profit of $329K turned into an $87K loss. Check out the filings on sedar.com for yourself. If you read the actual Q2 results you find the reason they had this change in equity of $416K is because in a non-arms length transaction they diluted the shares of a subsidiary. In other words they basically gave away big chunk of a subsidiary to a Director for free and lost $416K of shareholders money in the process. And as they control 51% they can do it. A very interesting scam for grabbing $416K out of the company unnoticed. I wonder if it’s legal. Anyways, my hat is off to these Chinese scammers. This is such a beauty it fooled the writer of the article, and maybe a few others too. The bottom line is you are a really big fool if you buy the worthless paper shares of Grand Power Logistics, in my opinion, that is.

[G1945V]

At first glance I thought about this the same way, however how does one explain the benefit in the amount of $1,107,490.00 GPW received for the same 6 months in 2013? This is in refernce to:  GRAND POWER LOGISTICS GROUP INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS For the three and six months ended June 30, 2014 and 2013   G1945V

[eInvestor99]

Thanks for your input G1945V. I looked at the Q2 financials but they don't have much info on the $1.1M item you reter to; besides discloser in Note 10 of a gain of $1.2M arrising out of the dilution of shares in an assoicate company. I imagine that was a paper transaction done to make the income appear higher than it really was for 2013, but that is only a guess on my part. I am not personally

[XTCXTC]

It's rather sketchy you keep posting on here without any "intention" of buying or shorting.  Why are you even on here? You recently made this account "just" to be an angel looking out for the newbies? Really? Looking back at yout previous postings on other threads on Stockhouse and I can tell you have done this on other threads of other companies.  You obviously

[moneymaker75]

eInvestor, GV here are some points of clarity: Regarding the $1.2M gain from last year The "dilution of shares in an associate company" refers to this NR is 2013 regarding the Yangshan port project, where their holding was diluted from 36% to 13%.  https://www.marketwired.com/press-release/grand-powers-associate-company-signs-yangshan-port-agreement-tsx-venture-gpw-1821823.htm

[eInvestor99]

Money maker 75 I would like to thank you for your detailed explanation in relation to my previous post and your efforts to straighten out my confusion. In considering your input and the input of others I wish to apologize for my use of the word “Chinese”’ in my previous post and I am sorry if anyone was offended. I should not have used the word in the context that I did. To the extent there are

[moneymaker75]

Hi eInvestor, good to see you have some of the confusion cleared up. So I assume that you are clear that the dilution noted in note 10 is related to Yangshan and the $467,725 writedown are unrelated? Now regarding the other concerns. If you refer to note 6 in the financials, they lay out related party transactions, of particular importance is this note stating upon consolidation, any transactions

[joshmatt]

what is a smart savvy investor like you doing in place like this? what is the game plan?

[eInvestor99]

joshmatt I imagine your comment was meant to be sarcastic, so I don't know what really to say. But I will say that I read your March 27 post about a "parting prediction" and I can see that you are certainly smart and savvy yourself. Hindsight has a way of proving people right, and you were spot on with that one.

[joshmatt]

My comments were not meant to be sarcastic at all

[eInvestor99]

Please pardon me then. It is always hard to tell about sarcasm, when things are just in writing. If you are serious then my "game plan" is to do well at investing, I guess like everybody else. Other people look at lines on charts as if those could tell you the future. For me I am different. I think when you buy stocks you are actually buying companies, and each company has what you might

[moneymaker75]

einvestor, one point you made about property ownership. GPW's main business is in Hong Kong. If you look at their releases you'll see they just sold two properties - one in HK the other in Macau - where things work more like how they do in the West.  The conflict of interest thing - I have no evidence to prove that they don't but I don't think any conflict they could have is