Soho Resources Corp V.SOH

HSBC buying!

[lawpro]

This is interesting, talk about taking control.  I do not believe that Mr. Zhang will communicate to anyone his overall plan.

 

In the meantime they keep buying up the stock:

 

Oct  2,000,000

Nov          zero

Dec 1,162,000

Jan     212,000

Feb    333,000

Mar    465,000

2008-12-18 17:17 ET -
Shares issued 100,137,913

SOHO RESOURCES CORP. NEGOTIATES $1,000,000 PRIVATE PLACEMENT FINANCING

Soho Resources Corp. has negotiated a non-brokered unit private placement with three unrelated Chinese investors. The private placement is to consist of 25 million units priced at four cents per unit with each unit consisting of one common share and one transferable share purchase warrant, with each warrant exercisable into one additional common share at a price of five cents per share within a period of two years from closing. The maximum number of units to be issued to any one placee will be 10 million, such that there will be no new greater than 10 per cent shareholders resulting from the placement.

Upon closing of the private placement, anticipated near the end of January, 2009, the company will appoint two new directors, one of which will be designated by one of the placees. The second director to be appointed will be Yao Sun of North Vancouver, who was instrumental in assisting the company in arranging the placement.

[vc7644]

I hate to speculate but isnt HSBC a chinese firm.............hmmmmmmmmmmmmmm$50 k can move outside China outside the radar......$50 k can sure bring up the price fairly quickly....lolDo your own due diligence