Tri Tech Holding Inc (EM) (TRITF)

$TRITF back to the pink sheets today

https://www.otcmarkets.com/stock/TRITF/overview

I want to sell at no loss...my average PPS is 2...

I do want to point out the fact that all the shares being sold on the gray market are being bought up. The stock has not collapsed since it opened on the gray market below .50. This is a good sign in that there is some optimism that the debacle with the BSST subsidiary will be resolved. I don't know who is buying as there is no market maker involved. I've seen some buys of 21k shares or more. There wasn't much short interest to begin with and typically shorts just let it ride until the stock is declared worthless. So it couldn't be them. All I can figure is the company must be buying its own stock.

Exactly as I predicted, although the stock is trading in the gray market around .50 a share. That won't last long. Mr. Fan will need to apply to the pink sheets to get the stock listed. It's in his best interest since insiders hold 44% of the shares. The operating assets of the US based J&Y subsidiary was also partly purchased with shares. However, neither Mr. Fan nor Mr. McClellan have indicated the company will do so. I imagine Mr. Fan wants to file the annual report first. A NASDAQ listing is out of the question.

The situation with the BSST subsidiary continues to deteriorate. The subsidiary moved its office without informing Tri-Tech Beijing and took property belonging to Tri-Tech with them. The president of BSST is taking orders from Gavin Cheng and not Mr. Fan. This is documented in an 8-K filed 4-3-2014. Very tragic. This dispute is consuming Mr. Fan's time and energy, resources which should be directed toward building the business.

Renee, any likelihood TRIT goes back to Nasdaq in your opinion...?

TRIT delisted from Nasdaq to OTC. New ticker TRITF:

http://www.otcbb.com/asp/dailylist_detail.asp?d=04/15/2014&mkt_ctg=NON-OTCBB

TRIT was delisted or not? My stock shows TRIT symbol not existing any more. Do I still own the shares though it is not a listed company share? Or are they become pink sheet stock? Anyone can help me?

Has TRIT been delisted?

Is TRIT already delisted by the regulator ? I hold shares through broker; would this be worthwhile to get physical shares certificate so that I still own the delisted company ?

Alectric, is TRIT delisted?

Alectric, thanks for info.

Will this resume trading? And when ?

Just received an e-mail from Mr. Fan re appeal. His response: "Hearing is scheduled. Internal negotiation is going on"

Phil did not reply to my email...

Phil did finally respond to my e-mail. He appreciated my suggestion (to immediately reinstate Mr. Cheng as an officer of the company) and indicated he was doing everything in his capacity to resolve the situation (with the NASDAQ listing). Basically, he has two options: 1) Request an appeal to the delisting, which if granted, would give him more time to resolve the situation with Mr. Cheng (stock trading would remain halted); or 2) Reinstate Mr. Cheng as an officer in the company by Friday, notify NASDAQ, that the company chop is now in his possession and trading can resume. I was pressing him for the latter, as I do not believe the NASDAQ will grant an appeal.

If the stock is de-listed, some market maker will likely apply to trade it on the pink sheets. The share price will probably plummet from 1.40 a share to under .50 as sellers overwhelm buyers. It will be nearly impossible in the future to get another NASDAQ listing.

I have inquired with Rosen legal about the possibility of expanding their class action beyond the parties affected by the lack of disclosure of Mr. Cheng's firing. They have indicated they cannot say at this point, meaning, I suppose that they have to wait and see what happens on Monday. If they do file, it will take 3 years to wind its way through the courts and shareholders in the end will only recover about 5% of their losses.

At some point the SEC will probably get involved to find out what happened, but don't expect much to come out of that.

Alectric, I doubt Phil will respond to my email. How could I join the group seeking lawsuit against TRIT ? Would this be a wise move for me to join them so that at least I might get something back?

Alectric, if TRIT is finally delisted, the stock I hold will become a private company stock. What can be done to protect us as an investor? The net assets value of TRIT is around $9/ share. If the lawsuit does not wipe out all this assets, would this mean my stock still has the remaining value of the net assets value of the TRIT?

Alectric, I have just sent an email to Phil Fan. You mentioned Friday, what would this date affect the stock ?

It is extremely important that you write Phil Fan (phil_fan@tri-tech.cn) and insist that he resolve this situation with Mr. Cheng immediately! Even if it takes bringing him back at CEO. Believe me, I have gone through this with Rino International and it will not be pretty! The SEC will get involved, lawsuits will be filed, and even if he succeeds in getting the stock to trade on the pink sheets, it will become virtually worthless. The lawsuits will get you pennies on the dollar and that assumes the court can collect. We must do all we can. Remember China is 13 hours ahead of EDT, so we have already lost a couple of days. The company must resolve this by Friday!

Got stuck ! China company is poorly managed !

Not good folks...

C'mon! What has this behind the scene? TRIT was destroyed by just a CEO who mis appropriate company's money?!

How long we would need to wait before this stock resumes trading? The news of the violation of internal process is not good at all. Most likely PPS punge again after trading is resumed.. Quite disappointed.

TRIT for TRAT.

Too undervalued. PPS should be at least $6...

TRIT Chart: Huge 3 day run w/ 3 big upper tails on the last 3 candles........how high can TRIT run?.......hit 2.80 resistance zone and pulled back......unless TRIT closes above Jan. levels it will pull back......look for MA(200) @ 1.73 for support........

TRIT set up for a bear attack.......expect a Bearish reversal pattern to form heading into the weekly close.........$$$

That changed today with today's news! Good turn of the balance sheet to help leverage their technologies/expertise in a country that direly needs their services!

Look for follow-thru day tomorrow!

GO TRIT!!

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Tri-Tech Holding Updates the Sales of Land in Baodi, China
11:03 AM ET 10/15/13 | PR Newswire

Tri-Tech Holding Inc. (Nasdaq: TRIT), which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced today that the sale of the company's land in Baodi, China is proceeding on schedule.

Mr. Peter Dong, the CFO of the Company commented, "The sale of our land in Baodi, China is proceeding smoothly. We have received the first installment, which we used to pay off our corporate bond and related interest. This will improve our debt ratios. Future installments will further improve our cash position. We expect that the balance of the installments will improve our cash and cash equivalents beyond current levels, subject to adjustments for operations."

This stock does not move at all. Very low volume; it is a dead stock; game over!

The PPS is much lower than its net assets value; the PPS has been bashed.

Hey tbird....there appears to be something desperately wrong with TRIT after I read that first quarter report. They should be kicking butt given the idustry and where they try to gather contracts. What's your take?

Well....the stock is becoming more volatile on the downside. Hitting the 1.20 mark looks to be an all-time low. Interesting spike up back to 1.40.

A 15% drop in revenue and a 60% increase in expenses pretty much says it all. Sounds like the company might have a bit of a "good ole' boy" network running things. The next couple of quarters should be very interesting.

Not Yet. All of the info on the IHUB site is oudated by three years. I will go into Google and catch it this weekend. Please share any headlines that you would like. Thanks.

Did you read the 10-K

Cat got everybody's tongue? After all, this stock was at $10 bucks a little over a year ago, and now it's below $2? Let's discuss this thing in an orderly, businesslike manner. What are the prospects?

What reports from this company actually could be considered reliable? I have seen a newsletter recommendation in the last few months, but somehow the numbers don't appear to be believable. One analyst projects 2013 earnings at 1.39 per share and the stock is at $2.10. Something, of course, isn't quite right.

Tri-Tech Announces $3.5 Million Revolving Line of Credit from BMO Harris Bank

http://ih.advfn.com/p.php?pid=nmona&article=56736120&symbol=TRIT

Saw this about TRIT going private?

http://stocknews2012.blogspot.com/

Saw this about TRIT going private?

http://stocknews2012.blogspot.com/

What an amazing one day move on TRIT today... over 53%!

One of our Chat regulars, Dano23,
had his plan all mapped out on the night of the 27th in our Watchlist Forum.

Keep an eye out for more of his picks!
He picks consistent winners!

Nice job Dano!

Go TRIT!

What's going on here?

oh no no no 2 dollar ?????

This is going well...let's go TRIT

$TRIT - China's SMEs Access The Bond Market


http://www.forbes.com/sites/jackperkowski/2012/10/29/chinas-smes-access-the-bond-market/?partner=yahootix

but it must be more

No, it's actually less.

trit is more than 3 $ - share!

trit is more than 3 $ - share!
i hope the price is going up

Forbes - Environmentalism Comes To China

http://www.forbes.com/sites/jackperkowski/2012/07/30/environmentalism-comes-to-china/?partner=yahoofeed

Oct 16- Tri Tech Signs Strategic Partnering Agreement with an Australian Irrigation Solution Company

Tri-Tech Will be Exclusive Distributor of Rubicon's Total Channel Control System in China

http://finance.yahoo.com/news/tri-tech-signs-strategic-partnering-130000937.html