14 Nov 2006late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Aug 2006late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
16 May 2006late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
17 Feb 2006director interest notice● Neutral
U.S. China Mining Group, Inc. President Hong Jun Li gifted 650,000 shares.
15 Feb 2006director interest notice● Neutral
Yang Yu became a U.S. China Mining Group, Inc. Chief Financial Officer and company insider (initial ownership filing).
13 Jan 2006security holder rights change▼ BadMajor
Songzai filed the terms of the Series A Preferred Stock issued for the coal mine deal. Each of the 400,000 shares converts into 100 common shares, has no vote except as the filing provides, and the holders must approve changes to their rights. The filing says that if converted, the preferred shares will effectively give Chairman Hong Wen Li voting control. Note that this filing describes the acquisition as 100% of Tong Gong, while the April 2005 filing described 75% plus a 25% net profits interest, and it says the company is 'obligated to issue' the shares, whereas the earlier filing said they were issued in September 2004.
15 Aug 2005late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
8 June 2005director interest notice● Neutral
U.S. China Mining Group, Inc. CHAIRMAN Hong Wen Li gifted 136,000 shares.
16 May 2005late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
15 Apr 2005asset acquisition disposition● NeutralMajor
Songzai says the coal mine purchase first agreed in April 2004 is now complete: a business license issued March 30, 2005 to Heilongjiang Tong Gong Coal Mining Co., Ltd. was the final step. The company issued 400,000 convertible preferred shares (convertible into 40,000,000 common) on September 23, 2004 to the sellers, including Chairman Hong Wen Li, for 75% of the mine company, and also received a 25% net profits interest from Harbin Green, which Li controls. Chairman Li now holds 46.9% on a fully converted basis, and he and his brother Hong Jun Li together hold 50.7%, a change in majority ownership; the board has not changed since September 23, 2004.
30 Mar 2005late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its annual report would be filed late.
17 Mar 2005auditor change● Neutral
Perrella & Associates resigned as auditor around December 3, 2004, and Songzai engaged Jimmy C.H. Cheung & Co., CPA the same day. The filing says Perrella's 2003 report had no adverse opinion and there were no disagreements. This is the company's third auditor in about a year and a half.
17 Mar 2005director interest notice● Neutral
U.S. China Mining Group, Inc. President Hong Jun Li bought 5,000 shares on the open market at $0.25.
15 Nov 2004late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
13 Aug 2004late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
14 May 2004asset acquisition disposition● Neutral
This amendment adds the financial statements for the Yong Heng business acquired in the 2003 share exchange. For the period from September 12 to December 31, 2003, it shows sales of $29,038 and a net loss of $28,882, with total assets of $325,179 at year-end. The notes describe Yong Heng as an e-commerce business selling gift cards, and the deal was accounted for as a reverse merger.
14 May 2004late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
3 May 2004auditor change● Neutral
This amendment restates the auditor-change filing, now giving January 7, 2004 as the date Perrella & Associates was engaged (the earlier filing said April 8, 2004). The rest of the text is essentially unchanged.
9 Apr 2004auditor change● Neutral
Songzai said it engaged Perrella & Associates as its new independent auditor, following the earlier resignation of Pickett, Chaney & McMullen. The filing says there were no disagreements with the prior auditor, whose report carried a going-concern uncertainty.
8 Apr 2004asset acquisition disposition● NeutralMajor
Songzai agreed to buy a non-operating coal mine near Heihe City, Heilongjiang (formerly Heihe Jinchang) from its Chairman Hong Wen Li and Songzai Metal Products, paying with 400,000 convertible preferred shares, each convertible into 100 common shares. A consultant's report estimates about 3,157,000 tons of recoverable reserves; the mine has been idle since 1998 and needs dewatering and environmental work with costs not yet determined. The deal depends on title documents and government approvals, and the seller is a related party (the Chairman). Authorized common shares would rise from 200,000,000 to 1,000,000,000.
15 Jan 2004director interest notice● Neutral
Hong Wen Li became a U.S. China Mining Group, Inc. director and company insider (initial ownership filing).
15 Jan 2004director interest notice● Neutral
Hong Jun Li became a U.S. China Mining Group, Inc. President and company insider (initial ownership filing).
2 Jan 2004asset acquisition disposition● NeutralMajor
The Yong Heng share exchange announced in September 2003 was completed: 67,000,000 shares were issued to Yong Heng's owners (98.4%) and Yong Heng became a subsidiary. Hong Chang became CEO, Hong Wen Li became Chairman, and Patel and Gessner stepped down. The name change and increase in authorized shares to 200,000,000 took effect; 68,103,748 shares are outstanding, trading on the OTC Bulletin Board as SGZI.
14 Nov 2003late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
29 Sept 2003business combination▼ BadMajor
Heritage disclosed a Plan of Exchange under which the shareholders of Harbin Yong Heng (a Chinese company) would receive 67,000,000 shares, 98.4% of the company, making Yong Heng a wholly-owned subsidiary. Chairman Rohit Patel would hand back his 1,188,088 shares for cancellation in return for $450,000 paid by Yong Heng and/or its shareholders. The company would be renamed Songzai International Holding Group and authorized shares raised from 20,000,000 to 200,000,000. Existing shareholders would be left with about 1.6% of the company, and control would change.
12 Sept 2003auditor change▼ Bad
Auditor Pickett, Chaney & McMullen told Heritage on September 10, 2003 that it would not stand for reelection for 2003; no replacement had yet been engaged. The filing says the 2002 audit report was modified as to uncertainty, and reports no disagreements with the auditor.
15 Aug 2003late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
15 Aug 2003late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
14 May 2003late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its quarterly report would be filed late.
31 Mar 2003late filing notice▼ Bad
U.S. China Mining Group, Inc. notified the SEC that its annual report would be filed late.