waytogo333
12 Aug 2016
Re: Shareholder Action Group All very odd. I've exchanged a few mails with 'Rupert' over the last couple of weeks. He's asking for £1 per 1000 shares to fund this action, which is supposedly going to be carried out by 'China Resolutions LLP', which is led by John McLean OBE (currently a director of the China Britain Business Council).From Rupert's mail:'He has offered to act on behalf of JQW and other de-listed Chinese firms whose shareholders find themselves effectively disenfranchised.''China Resolutions LLP has recently obtained a cash settlement for shareholders in Sorbic PLC (which delisted in May 2015). He believes that the same can be achieved with JQW and other companies (such as Chaintek, Naibu etc) by working through the Fujian authorities where he has good contacts.''China Resolutions LLP's terms are the following
ayment of an initial £10,000 retainer (returned to subscribers to this action in full upon success).15% success fee on any funds recovered (after deducting fees and expenses).''JQW appears to be still trading well, which makes a successful outcome here more likely. But no solution is guaranteed and it is unlikely to be quick. Getting an offer from Sorbic took about 9 months.''Our JQW Shareholder Action Group (SAG) currently represents about 50 shareholders holding approx. 10.7m shares. Raising £10k requires each member of our SAG contributing £1 for every 1000 shares they hold. The 4 largest shareholders in our group (who between them have 61.7% of the SAG total) are all happy to contribute on this basis.''If the action is successful, contributors to this action will get the initial retainer back plus a further £10,000 before any pro-rata distribution.' - (this doesn't make sense to me, as all recovered funds would have to be distributed pro-rata.)'If you wish to take part in this action, please let me know by July 31st if possible.'He then goes on to give a reason for sending the money to him rather than 'John McLean' (Die Hard?????).A further email says that £8,500 has been received so far and gives another 'cut off' of 5th August. It also says that 'John McLean' hope to have a website up and running in September and the action will be a combined action on behalf of JQW, Chaintek, Naobu and Camkids.I pressed him on where he had got my email address from and he said that must have emailed him. When I told him that I mailed JQW direct, he said it was a mystery.I'm inclined to think that all is not what it seems and maybe there's a reliance on monies being asked for, per individual, not being a huge amount in the scheme of things.If it wasn't for the fact that I definitely emailed JQW and then received these emails, I might be inclined to think it was more genuine.I will have a dig into John McLean, to see if that end stacks up.Any thoughts?
Silver panther
09 Aug 2016
Re: Shareholder Action Group Calls himself Rupert Scott. Found the email address on a chat on another site. Googling him didn't reveal anything so I decided not to respond. Why wouldn't he use a respectable solicitor to hold the necessary £10K?
Sienna1
09 Aug 2016
Re: Shareholder Action Group Where did you find that email address?It isn't the official company one at all - do you know who you are actually corresponding with?
Silver panther
09 Aug 2016
Re: Shareholder Action Group It was [email protected]
Sienna1
07 Aug 2016
Re: Shareholder Action Group What was the address you sent your email to?I'll drop them a line as well.
Silver panther
04 Aug 2016
Re: Shareholder Action Group Yes, I've had the same email. Don't really know what to make of it as he asks for payment to his personal account and no solicitor involved. May be genuine, but really don't know.
waytogo333
26 Jul 2016
Shareholder Action Group I recently sent a mail to JQW, asking if there was any progress on being able to trade our shares.I then received a reply from Rupert Scott from the JQW Shareholder Action Group (SAG) asking how many shares I had. Subsequently, I've had another mail from Rupert asking me to contribute financially to an 'action' to try and get a settlement from JQW.Anyone else aware of the JQW SAG?
Sienna1
03 Jul 2016
Re: Any news or views Here is an article dated 1st April 2016 which actually quotes our CEO Mr Chan Choi -"According to e-commerce operators Kimcheon outstanding domestic network (www.jqw.com) internal data shows that with the advent of Internet + era, most of the traditional industries have felt the urgency, so from the second half of last year, the site either within Kimcheon registered members, or paying members have explosive growth."So from H2 2015 JQW.com has enjoyed "explosive growth".This is the link to the original Chinese article - google translate will do the translation for you.[link]
Maverick
29 Jun 2016
Re: Any news or views Yes interesting indeed.Still I have no idea where we stand as Pi's??!
Sienna1
25 Jun 2016
Re: Any news or views Here is an article dated 16th May 2016 from a Chinese based internet research outfit "iResearch Global".In it iResearch estimates that the Chinese B2B internet revenue grew by 14.1% in 2015.More importantly it says JQW grew their market share in 2015 from 4.2% to 4.6% of the total market, being the number 3 after Alibaba and Global Sources. So JQW, when it was supposedly offline, actually grew revenue by around 25% in 2015.Indeed JQW was the only B2B outfit, apart from Alibaba to grow its revenue in each of the last 4 years."Among all the China’s SME B2B platforms, Alibaba still had absolute advantages over others in 2015 with a market share of 50.1%. Top 9 platforms altogether accounted for 73.0% of the market. The top 3 platforms were Alibaba, Global Sources and JQW, with market shares of 50.1%, 5.1% and 4.6% separately."[link]
Sienna1
17 Jun 2016
Re: Any news or views The protocol settings on the jqw.com website appear to have been deliberately set so as to reduce its web footprint and minimize its website rankings - Article written 3rd June 2016 - [link] Chinese article[link]
Ripley94
12 Jun 2016
Re: Any news or views Any recent news here.
waytogo333
31 Mar 2016
Re: Any news or views Technically, no reason at all why they don't have value. It's just getting at it that's the problem.Currently there's no ability to trade them, so unless you try and use one of the sites that acts as a broker for trading unlisted securities, or JQW decide to make an offer for them, we're stuffed.......Worse case scenario is a transfer of assets to another company etc etc.....
Ripley94
13 Mar 2016
Any news or views Any chance of shares having any value ?
hubster
03 Mar 2016
Re: no news Also Duncan, but I have direct contact details outside of LinkedIn (which by the sounds of it you may also have).
