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For those vested only.
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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
Merry Christmas...hope Ban Joo cheong tomorrow....Ban Joo is due to announce their full year result by Dec 29.....hope for the best
this news is a bit late but is good for those who support china lottery business.
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China to issue 1st national regulation on lotteries
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08:17, December 03, 2007
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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
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while you guy are dumping, i am collecting. please dump some more.
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China Welfare Lottery sales shoot up nearly 30%
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09:12, December 24, 2007
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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
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This Counter Ban Joo will not cheong....unless the management can come out with a business model.
Just sold mine just now :( , not going to wait anymore. Good luck to all who are still vested
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
Not only
Joojoo is sickening.... so many other penny stocks have also already tanked...
tis was once contra's favourite.. but now it is
, unless it got something to stir market interest again...beside the agreement and change of financial controller[from sgx website].................
MAni, the genie preacher and missionary
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....
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!
From it's recent behaviour, it looks more like overbought... hehehe...
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?
This counter is like dried cow-dung. All the gu-sai flies avoiding... :))
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
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
believe pension at ur risk.
still no sign fo cheong ......
