There is a kind of stock called Lao Qi and shares, after you buy life is worse than dead!

If a man told you that he owned one million shares of a listed company in Hong Kong called China XX, would you be awed to see him –

Isn’t this the legendary Thai?

Well, wait a minute.

There are a lot of lofty stock names in Hong Kong, which are often China, Asia, and Global, international, world, as if they are all over China, Asia, and the world

In particular, these stocks are insanely cheap; most of them are less than $1, as if you are sorry to China, Asia, and the people of the world by not buying them…

Actually

They’re all fucking garbage!

What’s more, many stocks are worth as little as 1 cent. Some investors used to the A-share market think, 1 cent, unless you delist (which is A very small probability), otherwise you can fall to where?

As a result, someone took out 10,000 Hong Kong dollars and quickly bought 1 million shares. From then on, he became a millionaire who owns 1 million shares of a company as mentioned in the beginning…

Does a penny stock make money because it can’t go down (and it can’t go down)?

Without discussing that, let’s take a look at today’s live class on Hong Kong stocks.

On the morning of June 27, 2017, there were 10 stocks in the Hong Kong stock market that plunged more than 50%, and there were 20 stocks that were more than 15%. The names were all very tall, and the feeling of cattle force was in a complete mess, such as China Integrated Holdings, China Real Estate Investment, China Investment and Financing, Asian groceries, quality International, China Wallet and so on…

China Integration Holdings, which sounds high-tech, dropped to a penny at one point.

Why don’t you try to buy it?

You do not know that there is a kind of Hong Kong stock in the world, called the thousand shares, if you buy alive, from now on your life will be worse than dead!

“Qi a” comes from the transliteration of the first syllable of cheating in English. As the name suggests, “slicker shares” are stocks that defraud ordinary investors out of their money, as defined by Charles Li, former chief executive of the Hong Kong Stock Exchange:

“It mainly means that major shareholders do not make profits by doing a good job in the business of listed companies, but mainly damage the interests of minority shareholders by playing financial tricks and financing methods such as rights offering, rights offering and joint stock offering.”

Our big a shares of major shareholders and makers, like to fry high stock prices cut leek; But in Hong Kong, they don’t usually do that. As soon as they did, investors took the opportunity to reduce their holdings and ran away. The most typical technique of the Laotian stock is to use the thinking that investors only look at the price, or believe the financial statements of the listed company, “downward speculation”, and constantly carry out a large number of shares and rights (A shares have strict restrictions on shares and rights).

Joint stock, in fact, is the original multiple shares of equity into 1 share, such as the beginning of the mentioned China integration. If it goes down to a penny a share, Ok, we’ll take 50 shares for every share. You had 1 million shares of this stock, and all of a sudden you had 20,000 shares, so the stock went back to 0.5 Yuan per share.

What if it goes down again?

Of course we can re-share! For example, if the price drops from 0.5 Yuan/share to 1 cent/share, the stock price will immediately return to 0.2 Yuan/share after another 20 shares and 1 share, and the original 20,000 shares will suddenly become 1,000 shares.

Well, millions of shares of the local rich, now the value of the stock is only 10 Yuan, you still buy?

In the A-share market, a stock down 90 percent should be considered as the limit. However, in Hong Kong’s thousands of shares, down 99%, is a starting price!

Take the originator of the Lao Qi an – Willie International (0273.HK), to let you see the power of Lao Qi an.

The stock, which went public in 1992, has never made a profit.

It won’t make a profit, but it will change its name!

From “First” to “Yi Nan Industrial”, to “Hue Holdings” and “Internet Holdings”, and then to Wiley International, has been known to engage in the financial real estate industry, but in fact, the company professional name change, professional fraud.

Not only will they change their name, they’ll follow suit!

In 2007, when energy stocks were on fire, they made a few serious acquisitions and said they were going into coal and gas…

The name change and the following, in the end, are to cheat money. Take a look at the stock’s split and partnership record.

Simple math: 625,000 shares bought in 1999, only 1 shares in 2007!

A loss

99.9999% loss in 8 years!

Isn’t it time you said that this con man, who is so despicable, has deceived so many people, should have been dealt with?

Wrong!

It was a scam all the time. It never got dealt with. Even today (June 27, 2017), it is still bouncing around the Hong Kong stock market, with millions of Yuan being bought and sold every day (see chart below)!

You should shout, say, no, this is Minx in Financial Holdings, not Wiley International ah

Oh, have you forgotten? I am a name change professional household ah!

In the past, Wiley International was so powerful that it was widely known in the world. Cheating was not easy, and it was both cheated and cherished. Therefore, in 2015, the company changed its name to Minx in Financial Holding.

Doesn’t that still sound fancy?

Still, it’s not reassuring to change your waistcoat only once. This is not, on June 26, 2017, Minx in Financial Holding (00273) again issued an announcement: the special resolution proposing to change the company’s name was formally passed by shareholders at the general meeting of shareholders…

Yeah, I’m going to change my vest again!

After the power of the international “partnership”, let’s talk about “rights”.

A rights issue is the issuance of new shares for shareholders to buy in proportion to their holdings. Well, it’s available in most financial markets, as well as in A-shares. It’s called a rights issue — but the Hong Kong slush stock can take it to new tricks!

Take another thousandth share – Mongolia Mining (01166.HK) to illustrate.

In 2007, Mongolia Mining rode the boom in resource stocks. Its share price started at 0.2 Yuan and rose all the way to a high of 1.25 Yuan, but then it began to plunge, and then continued to plunge, falling back to 0.2 Yuan in 2008. This low, time to buy

Indeed, many retail investors rushed in to buy…

Burning goose, people continue to fall, down to 0.1 Yuan……

So low, smash-gunman also wants to buy ah, retail investors would like to search the house clean, and then the whole position to buy!

Burning goose, people continue to fall, down to 0.05 Yuan……

Retail investors are anxious, resource-rich Mongolia on such a mining stock, how can fall so low! Ask grandpa to tell grandma, to relatives and friends to borrow a lot of money to buy, when the time comes to earn big return them is!

Well, seeing the market small scattered buy power used almost, the company “rights”.

In January 2009, the company issued a “rights issue” announcement, 1 share for 4 shares – rights share price 0.027 Yuan.

If you dig out your bottom at $0.05, take $1 million and buy 20 million shares, you say, now, do you buy or don’t you buy?

If you don’t, your stock will drop to close to $0.027 and you’ll lose nearly 50% of your wealth.

Well, you have to spend another $2.16 million on stocks…

Well, whether you borrowed one butt of debt or ten butt of debt, finally rights issue success, the stock price finally stable around 0.025 Yuan, the stock price will not fall again, you sigh a sigh of relief…

 

 

 

 

 

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