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Well, its been a little over a year... Am I the only one that misses this board? LOL
Wait a moment, there seems to be life on this board...maybe just to see if some of the former posters are still around?
Her Very, what has happened to you!
You seem to have abandoned stock investing for spiritual enlightenment. That is good, but remember that some of us like to talk to people like you sometimes hoping to generate understanding of the activities of people behind a stock and the company that controls the news that is provided the shareholders.
Very, just look at the beautiful red flower next to my alias--there is a lot of beauty in looking at that flower rather than those people who might be behind the flower who have human frailties and are sometimes forgetful of that beatiful flower that is staring at them!!
Good way o' puttin' it, Mikey.
wait, i thought the financials were filed?
bfar is what? revoked?
o.k., i'll think again. I think it's revoked.
finished: BFAR Biopharm Asia, Inc. Common Stock 6/4/2013 100 12(j) Registration Revoked by SEC
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/04/2013&mkt_ctg=ALL
Well sunsailor, you took a little time to provide some very interesting and informative message to let us know how great China will be as time passes.
But you must remember that what happens in China does not apply to all Chinese companies the same as what happens in the US, or any other place.
BFAR had its moment but something went wrong and you can still believe that what went wrong can be repaired but as other posters have mentioned statistically 99% of companies that end up being transferred into the GRAY area do not come back alive again!
If you anlyze what has happened to this company you will discover that all the actions that caused this stock to fall and disintegrate are the responsibility of the people in charge of Biopharm and no one else. You might have also noticed that like every other stock that falls into the GRAY area nobody comes to its rescue and as time passes even the present posters move on to other sites where discussion are more realistic.
Of course, since the tragedy that has hit this stock is very recent news we must allow some time for some people to digest what has happened and to go on with their investments in other stocks and eventually remember this stock as an event that was very important to teach them that there is deviousness in the behavior of some people behind some penny stock companies.
Reuters today! (China / U.S. AUDIT WARS FIND COMPROMISE, AS I ALWAYS KNEW THEY WOULD! Sweet news!!
TRUST BFAR'S HISTORY OF INTEGRITY.
5:03 AM ET 5/24/13 | HONG KONG, May 24 (Reuters) - "Auditors in China can no longer claim that "state secrets" prohibit disclosure to the U.S. watchdog. That should keep Chinese companies from being banned in U.S. markets. There are open questions about sovereignty and state capitalism, but those are fights for another day. U.S. regulators will be able to access Chinese companies' audit documents under a deal between regulators from both countries announced on May 24, Reuters reported. The non-binding agreement would allow the U.S. auditing watchdog to obtain papers with the help of the China Securities Regulatory Commission and the Ministry of Finance. The agreement by the Public Company Accounting Oversight Board is the result of a two-year negotiation over access. It does not directly include the Securities and Exchange Commission, which has also demanded documents from China-based auditors. The PCAOB would be able to share documents with the SEC, but only if they were originally obtained as part of a PCAOB action. The SEC has charged Chinese affiliates of accounting firms Deloitte, KPMG, PricewaterhouseCoopers, BDO and Ernst & Young with securities violations after they refused to hand over audit work, saying that doing so could breach China's state secrets law. The new memorandum would also not give permission for the PCAOB to inspect audit firms on the ground in China. Since April 2012 the PCAOB has secured inspection agreements with Germany, France, Finland and Spain, and previously reached accords with the United Kingdom, Norway and Switzerland." Endquote.
("HOW DO YOU KNOW THIS?") Reading ALOT (daily everyday) helps.
Embrace the Chinese proverb qiu tong cun yi, which means "Seeking similarities while respecting differences."
*****Understand [WHY & HOW] 'COMMAND ECONOMIES' of Marxism-Leninism, Mao Zedong Thought, & Deng Xiaoping Theory are vastly different.
*****Realize the worldwide recession's temporary 'TIGHT CREDIT' is STILL thee #1 reason most Start-Ups like BFAR pause. (China too is controlling inflation steadily via it's banks, which stops customers buying & paying temporarily.) Don't blame BFAR!
*****"The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly." -Warren Buffett!
Longs should be in the red if properly positioned buying the bottom for LONG COMPOUNDING MILLIONS.
HERE'S PROOF!
"Chinese retail sales are planned to expand from $2 trillion today to $5-$6 trillion by 2020. Over 350 million people will be added to the urban population by 2025; people living in cities will approach 1 billion; New cities will emerge in over 80 different locations by 2025; 221 Chinese cities will have 1 million or more people living in them; 900 smaller cities outside of the largest 40 cities will generate 54% of the urban GDP and 55% of urban growth; Up to 15 “supercities” with populations greater than 25 million will emerge by 2025; 170 new mass-transit systems and up to 50,000 new buildings could be built; Urban centers could produce up to 75% of China’s GDP by 2025 and job creation in cities is estimated to result in 450-500 million urban jobs in 2025, compared to 290 million jobs in 2005 (McKinsey); 10 million units of affordable housing for low-income groups in renovated areas that are currently impoverished—an investment of 1.3 trillion RMB ($197.6 billion); The Central Government will raise the threshold of taxable income to assist Chinese households to cope with the rising cost of living; in 2008, this threshold was raised to 2,000 RMB and it is believed it will be raised to as much as 3,000 RMB—this tax relief measure, along with the slow appreciation of the RMB, will enable social stability and further expand domestic consumption; According to China’s Ministry of Commerce, there is an active market for luxury goods in China comprised of wealthy consumers (incomes of 300,000 RMB or more ($45,851)) and an additional 13 million upper-middle class households (incomes of 100,000 to 200,000 RMB ($15,284 to $30,567)), which will account for 20% of global luxury sales by 2015; China’s internet market has more than 450 million users with access to online retailers such as GAP and Wal-Mart; Online (e-commerce) sales in China increased by 22% in 2010 as internet sales reached 4.5 trillion RMB ($684 billion); e-commerce is expanding in China and is expected, according to the Ministry of Commerce, to reach 5% of retail sales by 2015, up from 2% in 2010."
Adidas AG plans to open 2,500 stores in smaller cities by 2015; Ford Motor Co. is adding 100 dealers to its network in smaller cities; The major electronics producer, Foxxconn Technology Group, is setting up thousands of stores; Tesco, England’s third largest retailer, is planning to open 200 hyper-markets;
American retailers, GAP, Morton’s Restaurants Group and Starbucks’s, have expansion plans for second-tier cities. In total, Chinese retail sales are planned to expand from $2 trillion today to $5-$6 trillion by 2020. In March 2009, the McKinsey Global Institute reported, “Within 20 years, China will build 40 billion square meters of floor space in 5 million buildings . . . 50,000 of these buildings could be skyscrapers, [which is] equivalent to constructing 10 New York Cities.” Urbanization – The Economic Transformation of China. China’s economic and social goals are tied to urbanization and the establishment of the Chinese middle class. The “middle class” in China is presently defined as those earning 50,000 RMB ($6,300), with different tiers of income necessary to live in megacities such as Shanghai and Beijing as opposed to less-developed, inland urban centers. Disposable income has greater buying power in China than in the western world. We anticipate emerging opportunities for businesses and investment as the middle class is predicted to expand to over 600 million by 2015, up from 250 million at the end of 2010. By 2025, half of China’s population should be considered middle class, with the wealthiest consumers in the 25-44 age group—much younger than the analogous group in western countries. McKinsey & Co. (6/2006).
Consistent with the growth of the Chinese middle class, McKinsey also predicts that more than 20 of the world’s top 50 cities in terms of GDP will be located in Asia by 2025, up from 8 in 2007. Comparatively, half of Europe’s and 3 of North America’s cities currently on this list will be removed during this period. McKinsey & Co. (3/2011)." Quoted. Relevant for BFAR, et al.
Also, China GNP will pass the USA by 2017, as thee #1 largest! OUT
Hey sunsailor, I wish you would use those million dollars assets you have to buy more shares of the stock that you love so much and which I have been detailing for all these months--very soon some spectacular event will take place and then you can kiss goodbye to present PPS of 13 cents...yeh, you know what I am talking about!
How do you know this?
Anyone bilingual in SOX accounting compliance here?
I DIDN'T THINK SO.
BFAR is!
Prove it! Posts all suggestion prove zip nada.
lol. those are both foreign corporation using otc markets for a dual listing. there is no comparison to this scam whatsoever.
I've got over a million dollars in BOTH stinky pink scams like:
PORSCHE OTC PINK!
VOLKSWAGEN OTC PINK!!
& others. Think again.
lol. none of those apply to stinky pink scams.
If you've read Buffett, Graham, & Fisher classics, you'd understand LONG VALUE takes YEARS.
"We don't know, & we don't think about WHEN something will happen. We think about WHAT will happen." -Buffett 10-31-1994.
Would ya believe an Atheist Democrat? :) (you should.)
There's 4,000+ non-fiction in my home library. The more I read, the more humbled I get. What non-fiction have you read? Any of the above?
"In my whole life, I have known NO wise people (over a broad subject matter area) who didn’t read all the time — none, zero."
"I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge."
-Charlie Munger
Sunsailor, when do you believe BFAR will file?
are you talking about 360 pharmacy is gone, so they will cancel 42 mil shares given to them
the case of chji is strange similare to BFAR suspened inaprile 2011.then after 2yaers, now they start to file 10q and 10k, whothout trading as they are in gray market, why they file, if they are not going to go puplic again, and why bfar discuss 15c form to allaw market maker to make orders in the stock while they are having 10 market maker before suspension . strange even trading now is strange
have you spoken to VTG about this? there is HOPE!
the audit has been completed!
w00 to the T!
issuance of PRs
What is BFAR's "new business plan"?
Insider insight: (What you're actually seeing)
M&A & subsidiary divesting is (Chinese nationals) investors in small amounts mostly now & will continue to trickle in for awhile. That means BFAR is finalizing closer to compliance & website updating accordingly. IT TAKES TIME.
Short termers need not consider it without a Buffettologist's disciplined patience. Worldwide, it's still pulling out of a slump. Nothing new about this with BFAR. A 'sub' wanted out, & they obliged.
I like BFAR's new business plan more anyway, as the old sub was facing way too much competition; therefore BFAR will prosper quicker with a rebound soon. No doubts! GO BFAR GO BABY GOGOGO!!!
.0001-did you get those cheapies??
easy-buy, buy, buy!!
that's a tough decision....!
.02 lou-ya gotta pay to play $$$$$$$$$$
omg. are you willing to still sell your shares to me for 0.002?!!!!
honor the code! VTG said the financials are filed! w00t!
call your broker.
the wonderful grey sheets!!!!
dude, where, which exchange? i have etrade, i want to buy!
I guess it doesnt matter then!
Thee END is near! DOOMSDAYS FOREVER!! WWIII soon!!!
(Don't trust neighbors or dog - prepare LORD OF BFAR prophecies!
Beware of BIOPHARM MONSTER SPACE INVADERS COMING!
They're HERE!! RUN FOR YOUR LIFE!!!
Send a link or picture proving bfar still is operating. China being huge makes no difference if the company was a scam.
By 2017, China will be thee #1 biggest economy in the world by GNP, according to Pricewaterhousecoopers, etc., et al.
BFAR IS PROVEN!
i own BFAR but prove what now 0.01 high, i don't know who is crazy to buy
Nobody believed me, & now BFAR IS PROVEN!
lou-we're trading-load the boat, back up the truck!!!!! $$$$$$$$$
Hey very, come over and read my messages on the other board.
There is always hope for you to recoup all your losses and start a new life with the other Chinese company--and I know you really like Mr. Wang because he is the man who felt that Hu and Han were not people that he wanted to deal with. I guess he was right!!
VTG - VGH said the audit was complete! Help!
I sure hope not. Wish it would trade off the grey sheets.
When can I buy more BFAR? the audit was completed!
website changed, it is over or what
www.biopharmasiainc.com
10k won't get you off the greys. rule 15c2-11 does. a sponsoring mm has to submit a form 211 for finra approval. no suspended companies in the last 3 years has successfully completed the 211 process.
Does anyone know of companies who have made it off the Grey sheets by filing 10-K's, etc?
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SHARE STRUCTURE
I/O 50,000,000
'RESTRICTED' 29,625,000 (59.25%)
'FLOAT' 20,375,000 (40.75%)
In the wake of successful acquisitions of
Yunnan SiLin Pharmaceutical Commercial Co., Ltd.
(Yunnan SiLin)
Tonghua Huachen Pharmaceutical Co., Ltd.
(Huachen Pharmaceutical)
Tonghua Huachen Chinese Herbal Planting Co., Ltd.
(Huachen Herbal)
Beijing Zhihe Ruikang Hospital Management Ltd.
through China North Pharmacy Company (CNPC), BioPharm Asia has preliminarily completed the integration of industry chain, extending the sole trading business (including terminal chain stores, distribution and wholesales business) to pharmaceutical manufacturing and cultivation of medicinal raw materials.
In 2008, the total revenue of BioPharm Asia's China branches reached to $94 million USD, and $14 million USD generated in after-tax income approximately. Total 383 chain drug stores of Tonghua ShengAnTang were spread all over Jilin province of China, and Yunnan SiLin has established its mature distribution net of medicines covering northeast and southwest regions. The annual production capacity of Huachen Pharmaceutical includes tablets 120 million, capsule 150 million, 40 million packets of granule and 200 million bottles of oral solution. Furthermore, Huachen Herbal invested to build a GAP demonstration park where the total planting area covered 233 ha.
Starting from 2009, BioPharm Asia has been taking great effort to extend its industry scale in China. By 2011, BioPharm is estimated to complete its chain drugstores sales system establishment, accomplishing with various medicine production capacity, covering Chinese prepared medicines, western medicines, Tibetan medicines and Yi ethnic medicines, and become a large pharmaceutical industry investment group with international integrated marketing capability.
Nevada | 000-25487 | 88-0409159 |
(State of incorporation) | (Commission File Number) | (IRS Employer |
Identification No.) |
New Agriculture Development Park | |
Daquan Village, Tonghua County, Jilin Province, P.R. China | 134115 |
(Address of principal executive offices) | (Zip Code) |
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