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For those vested only.

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cashiertan     25-Dec-2007 23:28  
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seriously who knows u are dumping? maybe u are the one dumping.

comeon, even u are really collecting, i am sure ur are in big negative paper lost since your call to buy start at sub 20c or even higher. plz give the serious investor here a break from your crap advice. Banjoo is dead till proven other wise
 
 
zionbee     25-Dec-2007 22:54  
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Merry Christmas...hope Ban Joo cheong tomorrow....Ban Joo is due to announce their full year result by Dec 29.....hope for the best
 
 
Pension     25-Dec-2007 22:29  
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this news is a bit late but is good for those who support china lottery business.

 

China to issue 1st national regulation on lotteries
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08:17, December 03, 2007

China is expected to issue its first national regulation on the supervision of the fast-growing lottery industry next year to stamp out fraud, which has been on the rise since the country launched its first lottery two decades ago.

  Legislators will draw on the experience of other countries and regions to work out the regulation and make explicit stipulations about each aspect of lotteries, such as the distribution, sales, announcement of results and fund management, an official with the Legislative Affairs Office (LAO) of the State Council said.

"Other countries and regions always make laws first before developing the lottery industry, while China has acted to the contrary," Ding Feng, deputy head of LAO's Department of Political Science and Law, Labor, Social Security and Legislative Affairs, told a symposium held in Shanghai.

"Lack of laws and regulations on lottery supervision has become a significant factor that has impeded the sound development of the industry," he said.

Lotteries have generated huge economic and social returns in China in the past two decades. China had issued a total of 363 billion yuan (49 billion U.S. dollars) worth of lottery tickets by the end of last year, and more than a third of the money was spent on public welfare, such as the development of public sports facilities, education and health care for the handicapped.

Buying lottery tickets has also given common Chinese people the chance to get rich. Last week, a player, yet to be identified, from the northwestern province of Gansu won the country's largest ever individual lottery prize of 102.7 million yuan. The winner bought 20 identical "Double Colour Ball" tickets issued by the China Welfare Lottery at a cost of 40 yuan.

But the industry has also encountered growing problems such as fraud and other malpractice.

Last month, a 36-year-old lottery vendor in the northeastern Chinese city of Anshan was jailed for life for taking advantage of a flaw in the Welfare Lottery "3D" system to cash 28 million yuan in lottery tickets illegally.

A couple of months ago, two bank employees in the northern city of Handan were sentenced to death after being convicted of the country's largest ever bank theft involving 50.95 million yuan, which was spent on lottery tickets.

In 2004, several people were found guilty of manipulating a scratch-and-win sports lottery in northwestern city of Xi'an and were sentenced to varying terms in prison. During the fraud incident, a contractor of lottery tickets cheated his way to top prizes -- a BMW and 120,000 yuan - by marking lottery tickets and employing four people to falsely claim the prizes. The real lottery top prize winner Liu Liang, a young migrant worker, finally received the prize that was due and accepted apologies from local sports authorities.

Calls for publishing regulations or even a law on lottery supervision have been voiced repeatedly in recent years.

At present, China has only a provisional regulation on the management of lottery distribution and sales, which was issued by the Ministry of Finance in 2002.

"But it's only a departmental regulation," Ding said.

Actually, China has begun drawing up a national regulation more than a decade ago and it has been delayed year after year due to divergences among different government departments, such as the Ministry of Finance, Ministry of Civil Affairs and General Administration of Sport.

"The regulation is expected to be issued next year, a result of the growing public attention and acceleration of the legislation process," Ding said.

China has stepped up efforts to crack down on fraud in lotteries.

Last month, four government ministries -- Finance, Public Security, Civil Affairs, Information Industry -- and the General Administration of Sport jointly launched a campaign to crack down on illegal lottery selling on the Internet to fight lottery-related fraud.

"Internet-based illegal lottery selling is on the rise in recent years, posing a threat to the operation of the lottery market," said a bulletin issued by the ministries.

The bulletin listed some of the illegal activities, such as selling private lotteries under the name of state-run lotteries, providing illegal channels for sports gambling and underground Mark Six and lottery-related fraud.

The China Welfare Lottery Administrative Center and the sports lottery administrative center of the China General Administration of Sport are the only two legitimate lottery sellers in China and they are both state-run.

Source: Xinhua
 

 
Pension     25-Dec-2007 22:13  
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while you guy are dumping, i am collecting. please dump some more.
 
 
Pension     25-Dec-2007 22:07  
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China Welfare Lottery sales shoot up nearly 30%
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09:12, December 24, 2007

Yearly sales of China Welfare Lottery tickets hit 60.3 billion yuan (8.15 billion U.S. dollars) as of Friday, up 29 percent year-on-year, the country's lottery watchdog said on Sunday.

The sales have raised nearly 20.7 billion yuan for the country's public welfare, said a China Welfare Lottery Management Center spokesman.

Half the money has been turned over to central government coffers. The remainder was used for social welfare purposes, mainly for the social security fund to cover its deficit.

As China's first lottery launched in June 1987, sales of the tickets represented 63 percent of the country's entire lottery market.

Lottery sales were one of the major sources of fund raising for sports facilities and the country's social welfare programs. Despite this, gambling was illegal in China.

According to the Ministry of Civil Affairs, the Welfare Lottery had raised a total of 242.3 billion yuan over the past two decades, of which 80.9 billion yuan was given to the national public welfare fund.

It said the fund was mainly used for the development of social welfare facilities, education and health care for orphans, the elderly and the disabled. More than 10 million people have benefited from the fund, according to the ministry.


Source: Xinhua
 
 
zionbee     19-Nov-2007 12:38  
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This Counter Ban Joo will not cheong....unless the management can come out with a business model.
 

 
tweetieBird     19-Nov-2007 12:06  
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Just sold mine just now :( , not going to wait anymore. Good luck to all who are still vested
 
 
harryp     19-Nov-2007 08:02  
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Pension needs to do some joo joo weight lifting before this guy cheong again. Here how it is done:

http://www.jibjab.com/view/142635

 

 

 
 
Manikamaniko.     19-Nov-2007 06:24  
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Not only Joojoo is sickening.... so many other penny stocks have also already tanked... Smiley
 
 
Brendan982201     18-Nov-2007 23:38  
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tis was once contra's favourite.. but now it is Smiley, unless it got something to stir market interest again...beside the agreement and change of financial controller[from sgx website].................
 

 
cashiertan     18-Nov-2007 22:20  
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MAni, the genie preacher and missionary
 
 
Manikamaniko.     18-Nov-2007 21:45  
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For the benefit of new traders, 'following Mr. Market' means make decisions based on the


market's price action itself.

For example, when we dump a stock because it has penetrated a certain
technical point or criterion, because there's high probability of further falls, we are listening to Mr. Market.

But if we continue to hold with hope as prices go even lower, we are not following Mr. Market.... Smiley
 
 
Farmer     18-Nov-2007 21:24  
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For the moment, this will surely be a dead pig...can't fly! So there's lesson to be learned here.....

If u chose to believe that a pig can fly b'cos others say so....... go ask the market. Mr market don't lies!
 
 
Manikamaniko.     18-Nov-2007 21:04  
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From it's recent behaviour, it looks more like overbought... hehehe... Smiley
 
 
Elidor     18-Nov-2007 12:20  
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Pension, from the first time I take a look at this counter at 0.175, now it is priced at 0.1. Any advise? Do you think this is super oversold?
 

 
harryp     15-Nov-2007 19:21  
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This counter is like dried cow-dung. All the gu-sai flies avoiding... :))
 
 
cashiertan     15-Nov-2007 19:09  
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if lottery granted i buy and hold, i dun really care if it grant or not. the prob is even bb also avoid pushing this counter. hopeless for the moment
 
 
787180     15-Nov-2007 17:31  
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No hurry to buy..when lottrey contract is really granted.price and vol will shoot up..by then still early but the upside is about 30 to 40cts.LOOK at Lottisvision got lottery to supply lottery equipment price also crashed from >70cts to todays' low of ab 22cts
 
 
cashiertan     15-Nov-2007 12:12  
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believe pension at ur risk.
 
 
zionbee     15-Nov-2007 12:06  
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still no sign fo cheong ......