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BFTI: inactive security. FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
$BFTI Tier_Change: Grey Market to Expert Market
OTCM Link
https://www.otcmarkets.com/stock/BFTI/disclosure
BFTI SEC Suspension "because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, Befut Global’s business operations."
https://www.sec.gov/litigation/suspensions/2019/34-86249.pdf
Order:
https://www.sec.gov/litigation/suspensions/2019/34-86249-o.pdf
Power sold my 35000 shares this morning at bell just to get away from this mess. Freaked out when it rose to 24. I would hate to see it jump up but I don’t want them to win also.
Filed a complaint will SEC about all three tickers.
Let’s see if it hits 10ct
Stay away from the phone
Good trading.
i got in at 82 and out at 75 cents. so was pretty lucky.
they're still calling and scamming people, which is why i know the price is going to drop to under 10 cents.
idk the final destination, i have to assume they'll keep shorting it down to under a penny to completely destroy the company and shareholders
check the short report. the day there was 3.7 volume, about 80% of it was shorts lol
this is going to crash and burn hard
Hopefully you got out unscarred. I wish I read these posts before I invested!!
Stupid !!! Wish I played small
We all need to stop playing around with free advice.
interesting is NHEL the other one they got you into?
they got me into BFTI and BRLL
yeah i mean honestly all it's doing is going lower & lower dude.
I am in deep with this and NHEL. You think they will
Get this to 0
yeah, just take the loss and get out lol
We’re you boys playing with equity traders...got caught in this and another mess from them. First time!!
Sounds like you are familiar with them! I did take the bait.
because the firm that called you were liars who manipulated it to steal your money? lol
Unloaded about 1/4 in the .50s but am stuck now, i've been buying dividend stocks the last 4 years and wanted to play with a penny stock, well now i know why i don't
were you able to unload your position before it fell harder?
i think it's just going to keep dropping dude.
i don't imagine it goes back up
I hoping to unload some this week, or was
i imagine it will be short lived lol
did you manage to unload any of your shares yet?
Like that shorting, gaining .23
I know what you mean,i'm stuck with this crap right now,would love to break even right now but probably ain't going to happen!
how many more people are they bringing in and lying to is the question?
Have been buying dividend stocks for the last 4 years but thought i would take a chance, well......
Never did, just promises!lol
did you get your warrants? lol
Believe me i'm disappointed, i was expecting more upside!
eh i may just dump my shares before long. tired of dealing with the scams and lies
I believe it will bounce back to the 70s today or tomorrow for sure, guess we will find out.
it should sit at 50-60c for a few weeks, then drive down some more
BFTI needs to get some news out,the news about building housing units doesn't appear on Yahoo finance or other sites!
are we going to see news drop soon?
nope...big buys coming in now... should see a nice bounce here to .50-.60
for sure!
can't really go much lower from where it was today
took a started here today... due for a nice bounce and with some news can easily go back north of 1$
BEFUT International Co., Ltd. changed to BEFUT Global Inc.
http://otce.finra.org/DLSymbolNameChanges
Name change and increase of the A/S to 900M shares filed with the NVSOS
New Name: BEFUT GLOBAL, INC.
BFTI,gaining Massive Attention amd Momentum
I'm happy to hear you're still around.
I've been focusing on energy stocks: pipelines and such of late. Otherwise, like you, just hanging out and watching.
My best to you and your family.
Thanks Minding. Yes, I am still around and basically watching at this stage. I hope that you have been doing well.
All the best wishes to you and your family!
Hi NL,
You still around? I hope you and family are well.
I see China's on the upswing.
Kind regards,
Minding
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05/05/07
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(1) BFTI Presentation: http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7457672-13010-18158&type=sect&dcn=0001144204-10-048974
(2) BFTI English and Chinese Websites: http://www.befut.com/
From BFTI website:
"Dalian, the most famous city of north China, is stepping on the world stage with its beautiful environment and solid economic power. Dalian Befut Wire & Cable Manufacturing Co., Ltd. is headquartered in Dalian. The company has been investing hundreds of million yuan to construct Befut Industrial Estate covered an area of 150,000 m2 in ChangXing Island which is the third largest island of China. With shipbuilding, nuclear power plant construction, and other advantages in ChangXing Island, Befut is focusing on manufacturing marine cables, and other special cables. In the field of high-tech products, Befut has won competition unceasingly, standing on the forefront of the industry, and gradually have the overall strength entering into the global market. Befut takes full account of the market demands, understands the demands of the shipyard, steel, coal, nuclear power plants, offshore oil platforms in-depth, and has created well-designed cables for special purposes, and special occasions. This has met customers' demands, while improved the company’s product technology as well. In 2008, only half of the year, Befut has applied for 5 patents. Now, Befut has ascended among the domestic high-tech cable manufacturing enterprises. In early 2009, Befut Industrial Estate in ChangXing Island is going to put into operation. The company expects to reach the output value more than 5 billion yuan within 5 years. The market of Befut will expand to the whole nation, even to the whole world with the center of Bohai Rim."
(3) Quarterly Financial Reports - Revenue and Earning (all numbers in thousands except otherwise mentioned):
Quarter | Revenue | Cost of Good Sold | Gross Profit | SG & A | Net Income | Total Share Count (million) | Earning Per Share (cent) | Gross Profit Margin (%) |
June Q/09 | 6,126 | 4,101 | 2,025 | 458 | 370 | 29.511 | 1.25 | 33.05 |
September Q/09 | 5,484 | 3,863 | 1,621 | 610 | 690 | 29.511 | 2.34 | 29.56 |
December Q/09 | 7,126 | 5,235 | 1,891 | 457 | 994 | 29.512 | 3.37 | 26.54 |
March Q / 10 | 6,708 | 5,003 | 1,705 | 743 | 692 | 29.513 | 2.35 | 25.42 |
June Q/10 | 11,940 | 8,856 | 3,085 | 2,152 | 2,136 | 29.716 | 7.19 | 25.84 |
September Q/10 | 15,930 | 11,671 | 4,260 | 1,050 | 2,248 | 29,716 | 7.57 | 26.74 |
December Q/10 | 14,871 | 10,954 | 3.917 | 1.182 | 1,937 | 29.716 | 6.52 | 26.34 |
(5) BFTI Background Information of Reverse Merge: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51222678
(6) September Q, 2009 Quarter Report Regrading the Completion of Phase 1 New Changxing Island Production Plant:
"Recent Developments
(7) March Q, 2010 Business Outlook:
Primarily for the reasons described below, we believe we will experience annual sales growth of more than 70% for our next fiscal year ending June 30, 2011.
Among our more than 200 customers, approximately 30 are considered "large" customers with average annual specialty cable order needs of more than $7 million. Due, in part, to our past limited production capacity, we were not able to accept large-volume orders from these customers. With the recent completion of our new factory, which started operations in early 2010, we now have the ability to produce specialty cables in large volumes. Thus, in the quarter ended March 31, 2010, we began to adjust our sales strategy to focus mainly on accepting large-volume orders. We estimate that in our fiscal year ending June 30, 2011, we will accept large-volume orders (more than $700,000 each) from more than 30 existing and new customers, including petrochemical companies, mining and metallurgical companies, nuclear power plants and shipbuilding companies. We expect these customers to generate sales of about $45 million, which we estimate will account for approximately 80% of our total sales for our fiscal year ended June 30, 2011. We plan to add "large" customers each year as there are currently more than 100 companies located in northern China with average annual specialty cable order needs of more than $7 million."
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