China Runji Cement Inc (GM) (CRJI) Quote

Kind of comical considering cdel had 800k at .0145 on the bid but wasn’t in the ask

China!

Why the vol increase?

$CRJI: Chinese CEMENT construction play.....


Integration in Cement space.


https://news.abs-cbn.com/business/10/18/18/cemex-inks-deal-with-chinese-firm-for-integrated-cement-plant-in-rizal



GO $CRJI

No idea. The one Chinese stock left in my back pocket after all of the other frauds went down in flames.

I have Crji for a long time. I thought a bau company that must be good, certainly if they sell materials for construction. But how can it be on the market with no change at all . Nobody is buying, nobody is selling. What is the problem here. They must pay a lot to be in the market and they are doing nothing. What price should they have in China? Anybody knows?

Someone obviously really needed $30 bucks... /chuckle/

probably not- I have not followed it for some time

Take a look at. China cement.

This board is dead. Are they still in business?

talk about B.S.- 200 shares at .017?


CHINA RUNJI CEMENT INC
Price
0.017

Change
-0.022
(-56.41%)

Bid
0.017[+]
Ask
0.39

Open
0.017

Volume
200

I only have a few thousand shares, risk/reward ratio is low enough to sink or swim for me <g>.

That is one way to lower losses on a hold...LJ

Very strange to see the interest at the bid this week. While I accepted the tender offer for most, I held a few shares as a learning experience to see how this would play out.

I even tested the bid at .05 by selling 5k...it was real:).

What the hay? Sure made the portfolio look good today, lol


CRJI- CHINA RUNJI CEMENT INC
Price: 0.05
Change: +0.03 (+150.00%)
Volume: 17,540

fraudelent atty on this one

Good luck to you. One of the huge loss years for me last year.

Good for you. I have held on to my shares because I felt I don't have much to lose. I sold most of them at .18 and then they crumbled. What a horrible period it was from 2010-2011. Moving on to gold companies on the TSX this time around. Hopefully, CRJI and a few other China companies will come out of the darkness and give bagholders some value i the long-run. GLTY.

0.065 per share instead of 0.65 per share, typing error.

Just let the board know that I have just received the cash for 0.65 per share, which is 34% loss for me. I am done with these bastards.

Holding also, offer wasn't legit enough for the broker to handle it...

So, if someone was on a phishing trip then they can try somewhere else...LJ

All I know is that I didn't sell my shares. Not at this price. Don't know if it did me any good. We'll see. The higher you climb, the harder you fall. From the highest of highs to the lowest of lows...China really screwed me.

Thanks, they have to renew their request and I think they cannot take the shares off on Nasdaq because they have to buy fast all the shares and nobody will sell at this price. Can anybody help?

Really no idea what to expect...China?...LJ

What happens to CRJI.OB are there still there and what will they do now. They haven't got all the shares they want?
Could they give us more money for our shares?
Thanks anyway.

CRJI shows no SEC filing for an offer to the shareholders yet either...LJ

http://www.sec.gov/cgi-bin/browse-edgar?company=china+runji+cement&match=&CIK=&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany

TD Ameritrade says I have to mail the certificates into the company Representative to take the deal. By the time they send me the certificates I will be pushing the deadline so I guess I hang on.

I just gave the instruction to my broker to accept the offer. I am done with CRJI. Good luck to everyone here.

Anhui Conch struggles to double net profit in the 3rd quarter of 2011...

http://english.anhuinews.com/system/2011/10/26/004506203.shtml

So you can understand the CRJI controllers selling out their Children's share interests for such a petty reported amount...LJ

Thanks. I am still deciding

fwiw- I'm holding. I dodn't expect to get my total investment back though

So what is the verdict. To sell or not to sell. The lack of volume makes me want to take the offer. They could certainly have something up their sleeves and the stock could rise after everyone has sold. It could just tank also though. Hmmmmmmm

I don't sell my shares. The price is to low and must be 0.50 at least.

Most should have a toll free broker's number to make inquiries too...

Don't know if they can disclose who is funding the offer even if they know the answer...

The more who take a low offer means less who may need any additional info later...LJ

You can call (86)565-4219800 (Chinese number) based my offer letter. I don't bother and may likely take the offer.

Has anyone called to ask if a shareholder with a small interest will participate in ownership in CRJI going forward if they pass on the generous offer for liquidity now?...

No plans to sell but haven't made the call yet to ask...LJ

Wonder if anyone has gotten paid yet?...LJ

I have seen a .0625 bid popping in out through out the day(s). I was waiting for that .065 bid to make a decision.

Only seeing a .025 bid...So where is the .065 bid to give shareholders liquidity?...LJ

Why make ole lines energy efficient?...

http://www.globenewswire.com/newsroom/news.html?d=183315

http://www.reuters.com/article/2009/01/14/idUS245319+14-Jan-2009+GNW20090114

Maybe if they saved enough on energy costs they can afford to buy up the public float..LJ

The 15-12G filing doesn't show an officer signature...

http://www.sec.gov/Archives/edgar/data/1322729/000143774911004138/crji_1512g-061711.htm

The SEC correspondence record to the company shows they have ommitted a signature on a Q filing in the past...And had to furnish it make the filing valid...

Wonder if a request for an inquiry on the recent offer would do any good?...More disclosure on hu transferred what to hu and how it is justified seems worthy of consideration...

Or is the 15-12G filing and suspension of duty to report filings valid without officer signature?...LJ

A backroom deal between some good ole boys doesn't bother me...

68 mil / 100K = .0015 ... good ole boy swap

10 mil at .065 = 650K ... public float offer

.065 / .0015 = 43 times more

But why do they want to pay 43 times more for some ole public float shares than the good ole boys swap price as they mentioned?...

$650,000 doesn't seem like small change for a company to buy out shareholder's rights to sue them later for a company with no prospects...

I think they have a low opionion of US investor DD in companies that they buy into...IMO, of course...LJ

CHCC.OB merges with 16 times of premium. Share price up more than 400% today.

Hi guys, I just received the offer.
what happens if I dont sell my shares and they got delisted in US markets? Do I lose my money? Is it better to take those F...6.5cents than nothing?

Offer looks deceitful to me unless the CRJI filings were fabricated to decieve...

And some things from the last 10K for musing...

Our competition in An Hui Province uses antiquated technology and is not competitive with that of Anhui Runji.

Our Competitive Advantage

Anhui Province has a very favorable climate for investment such as in the cement industry. Local governments offer tax incentives on resource usage, which favors industries such as cement.

We have a favorable location that is less than 100 kilometers away from the provincial capitals of Hefei and Nanjing. Other cities such as Wuhu, Ma’anshan, and Chaohu are between 20 – 70 kilometers away and also provide a good marketplace. Our close proximity to the Changjiang River affords us low cost shipping to many locations.

Our main competitors within the Hefei market are Anhui Chaodong Cement Stock Co., Ltd, Anhui Chaohu Tiepeng Cement Factory and Lujiang Dajiang Cement Co., Ltd. Additionally, there are 10 cement grinding companies with an annual production of over one million tons who compete with us.

We utilize the advanced modern dry cement production process, which enables high quality production, consumes less energy and is more environmental friendly compared with the traditional wet production process. The production equipment is partially imported from Germany. We also use Siemens DCS (Distributed Computer Control System) auto control system for measuring ingredients and controlling production flow. Our advanced cement techniques lead to low costs and consistent high quality. Our products have a 100% passing rate.

The cement industry is a polluting and heavy energy-consumption industry. The old cement production technique (wet production) consumes two times more energy, emits two times more waste gas and sulfur dioxide and releases three times more dust than the new cement dry production. We have installed highly efficient dust collectors, noise reducing equipment and waste water treatment equipment that complies with the most rigorous Chinese environmental regulations. We are able to constrain emission at 30mg per cubic meter, much lower than the national average of 50mg per cubic meter.

And some more highlights...

Our Business Plan

§ We plan to raise adequate capital over the next five years for expansion and growth.
§ We invested over USD$50 million to build up one cement production line with daily production of 2,500 tons and one cement clinker production line with daily production of 2,500 tons. The newly invested cement clinker production line was put into production in October 2008.
§ We invested USD$10 million to establish a waste heat power generator system to convert waste heat into electricity, which was put into operation on October 25, 2009, in order to realize significant savings on electricity costs, to improve our margins and reduce reliance on outside power sources. From October 25, 2009 to August 31, 2010, the waste heat power generator system has generated electricity of 39.6 million kilowatt-hours and saved us USD$3.45 million in electricity costs.

CRJI appeared to be a big potential player in the huge demand swing coming from Japan for high grade cement for rebuilding projects...

Presently, the Company is one of the largest cement producers and distributors in the north Changjiang region of Anhui, with a 10% market share within a 100 mile radius of its facility. The Company is the only producer of P.II52.5 cement (the highest quality cement) in the north Changjiang region of Anhui and Jiangsu Provinces, with 70% market share within a 100 miles radius of its facility. Annual production capacity of the Company is two million tons cement and cement clinker. The Company’s main market for cement is in Hefei (Anhui Province), with total sales of 750 thousand tons, representing 75% of our total annual cement production and an additional 25% is sold in Chaohu and its surrounding areas, Moreover, the Company’s main cement clinker market is in Chaohu with total sales of 800 thousand tons in the area, representing 80% of our total annual cement clinker production, and an additional 20% is sold in Hefei.

ownership structure at year end 2010...

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth, as of December 14, 2010, the stock ownership of all persons known to beneficially own 5% or more of the Company's Common Stock and all directors and officers of the Company, individually and as a group. Each person has sole voting and investment power over the shares indicated, except as noted. There was no other person or group known by us to beneficially own more than 5% of our outstanding shares of common stock. Unless otherwise indicated, the address for each stockholder is Xian Zhong Town, Han Shan County, Chao Hu City, Anhui Province, People’s Republic of China.




Named and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percent (%)
of Class (1)
5% Owners
Cai Ying Jiang 27,872,000 (2) 35.4 %
Wei Chu Meng 40,700,000 (3) 51.6 %
Jing Yang 6,072,000 7.7 %
Qiong Yang 6,000,000 7.6 %
Min Yan Zhao 7,000,000 8.8 %
Ting Zhao 7,700,000 9.8 %
Executive Officers
Shouren Zhao
Chairman, CEO and President 40,700,000 (4) 51.6 %
Xiangfei Zeng
Chief Financial Officer 0 0 %
Directors
Shouren Zhao
Chairman, CEO and President 40,700,000 (4) 51.6 %
Xuanjun Yang, Director 27,872,000 (5) 35.4 %
Liming Bi, Director 0 0 %
Officers and Directors as a Group (4 individuals) 68,572,000 87.0 %


(1) There are 78,832,064 shares of common stock issued and outstanding as of December 14, 2010.


(2) Cai Ying Jiang is the wife of Xuanjun Yang and owns 6,800,000 shares of common stock. In addition, she beneficially owns her husband’s 9,000,000 shares of common stock, her daughter Jing Yang’s 6,072,000 shares and her daughter Qiong Yang’s 6,000,000 shares.


(3) Wei Chu Meng is the wife of Shouren Zhao and owns 7,500,000 shares of common stock. In addition, she beneficially owns her husband’s 18,500,000 shares of common stock, her daughter Min Yan Zhao’s 7,000,000 shares and her son Ting Zhao’s 7,700,000 shares.


(4) Shouren Zhao is the Chairman and CEO of China Runji and owns 18,500,000 shares of common stock. In addition, he beneficially owns his wife Wei Chu Meng’s 7,500,000 shares of common stock, his daughter Min Yan Zhao’s 7,000,000 shares and his son Ting Zhao’s 7,700,000 shares.


(5) Xuanjun Yang is a director of China Runji and owns 9,000,000 shares of common stock. In addition, he beneficially owns his wife Cai Ying Jiang’s 6,800,000 share of common stock, his daughter Jing Yang’s 6,072,000 shares and his daughter Qiong Yang’s 6,000,000 shares.

link to year ending 2010 10K filing...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7852847

If they would up the offer to about .40 or book value it might make for a little better Thanksgiving for folks looking at eating crow right now...

http://finance.yahoo.com/q/ks?s=CRJI.PK+Key+Statistics

The selling resistance that the chart shows came in at about .25 after good earning's report was released early in the year is more understandable now...

Right now it looks like another certificate to add to the wall of shame for me...LJ

The offer deadline is November 23, 2011. I have just received the offer for my 439K shares at 6.5 cents.

Clearly,CRJI wants to list in China. They need to control over 95% shares in order to delist from US market. They currently own 68.57 million shares out of 78.83 million total shares. So they control 86.98% shares. They need to re-purchase 6.32 million shares in order to delist from US.

I have not yet decided to sell my shares. My average price is 9.9 cents, so it is about 35% loss if I sell.

I think that the company is worth $1 per shares. Fair price for offer may be around 50 cents.

I would like to know how many shares you have and whether or not you want to accept this offer.

My holding: 439,000 shares.

About $3.05 per share for the public shareholders would seem OK if the management took $100,000 for their share of the equity...

If the share count and insider positions were accurate...Using the figures in the I-box for an example...

78,832,064 o/s on 04-19-2011...

about 10,260,064 shares of public float...

$31,392,308 shareholder equity showed on 02-28-2011...

10Q filing link...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7869540

If the management sold all their shares for $100,000 of the company equity then that leaves about $31,292,308 for the public shareholders to split...

31,392,308 - 100,000 = 31,292,308

31,292,308 / 10,260,064 = $3.05

The management looks rather silly taking so little for their shares...

And the $3.05 for the remaining public shares may look odd to some math geeks...

But a jury could award far more on fraud if they took a hankering to make a point on an open and shut case to close with plenty of info available...LJ

1st board post on the buyout topic doesn't quote the quit claim paragraph in the offer BUTT it seems on target...

from the December 31st, 2010 year ending 10K...

Our Business Plan

§ We plan to raise adequate capital over the next five years for expansion and growth.
§ We invested over USD$50 million to build up one cement production line with daily production of 2,500 tons and one cement clinker production line with daily production of 2,500 tons. The newly invested cement clinker production line was put into production in October 2008.
§ We invested USD$10 million to establish a waste heat power generator system to convert waste heat into electricity, which was put into operation on October 25, 2009, in order to realize significant savings on electricity costs, to improve our margins and reduce reliance on outside power sources. From October 25, 2009 to August 31, 2010, the waste heat power generator system has generated electricity of 39.6 million kilowatt-hours and saved us USD$3.45 million in electricity costs.

10K filing link...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7606797

I have not yet seen the offer and don't even have one although I own 440K shares.