We are looking for moderators. If you would like to help moderate this board, please use the 'request to moderate board' link at top left and you will receive a confirmation that you have been added as a Co-Moderator. As a moderator you will have the ability to oversee discussions and make sure all posts are relevant.

You will also have the ability to add an advanced description for the stock. This is particularly useful if there are aspects of the company that you want to highlight and help others learn about the company's objectives. Photos and pictures are welcome. Don't be shy. Become an integral member of GEO's Culture

This stock is staying under $1 at this moment. There has been naked short selling in this stock, according to www.buyins.net .

Also see this link:

http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold

If those naked short sellers have to cover it could be that there will be a run in this stock. So have it on your radar.

I think this is big news which could be a catalysator for the stock price for the coming weeks. 

January 7, 2010, 6:00 am EST

BEIJING, Jan. 7 /PRNewswire-Asia-FirstCall/ -- Sino Gas International Holdings, Inc. (OTC Bulletin Board: SGAS), today announced that it has taken several actions to ensure that the Company has sufficient capital for both the speed-up of the build-out of its existing connection systems and for other growth opportunities in the natural gas industry.

The Company completed a $6.04 million (U.S.) private equity placement with several accredited investors on November 30th, 2009 and on December 23rd, 2009. The placement was arranged by Axiom Capital Management, based in New York City. Terms of the placement are more fully disclosed in Form 8-K filings that the Company made on December 4, 2009 and December 30, 2009.

This $6.04 million, together with bank loans recently secured, will provide the Company with approximately $14.5 million of available capital over the near term. Included in this new $14.5 million capital infusion are approximately $4.37 million of loan approvals from the Bank of Communications, one of the five largest commercial banks in China, and another approximately $4.37 million of loan approvals from the China Development Bank, a major infrastructure lender to the energy sector in China.

As Mr. Yu-Chuan Liu, Chairman and Chief Executive Officer of Sino Gas, stated, "We are proactively taking advantage of the capital markets in China and the U.S., in order to better enable us to take advantage of the growth opportunities that exist in China in the natural gas arena. We are glad that two world-class banks like the Bank of Communication and the China Development Bank have recognized our great potential through their loan commitments."

Mr. Yugang Zhang, Chief Financial Officer of Sino Gas, added, "We will continue to bring natural gas access to more and more residents and industrial users in our markets and increase the penetration rate in the existing markets. The continued emphasis of the Central Government regarding the use of clean energy by the construction sector together with the positive growth trends in new construction in China should continue to stimulate growth in our industry. The addition of these capital sources should allow Sino Gas to be better able to take advantage of these opportunities."