China Dom. Bio-tech Hldgs Inc. (fka CDBH)

[Potse]

CFO advertisement...some private message items.....

Chief Financial Officer: About two weeks or so ago Daqing Morinaga placed an advertisement for a CFO. About 3 days ago that ad was removed. I view this as a potentially good sign that a RM may be fairly close to occurring (I'm personally expecting sometime here in July/August). Quite often in China RMs you see a new CFO brought in around the time of the merger or prior to an uplisting to a major exchange.

The job description section of the ad mentioned that Daqing Morinaga is a "listed company".

IDCX reverse merger: My hope is that the CDBH RM will be structured in a similiar fashion as to some of the other recent Belmont China RMs (10M outstanding shares). So, the IDCX reverse merger on Friday does raise a little concern in my mind because the RM departs from that 10M structure trend that had been established on Belmont plays.

Frankly, after reviewing the IDCX merger/fundamentals I am a little surprised/puzzled that they would structure that deal with 50M shares from the get-go. Generally speaking, when a shell undergoes a share reorganization (reverse split) you would like to see the RM structured in a fashion that makes it relatively easy for the company to reach and maintain the minimum price for uplisting. Otherwise, you might have to go through the time/effort/expense of doing another reverse split. I would have thought that IDCX/Belmont would have tried to keep the share count lower to make the price/structure/fundamentals more easily conducive to uplisting.

GNZR: No, I sold my entire position in that stock when it made its move over the dollar mark. My comfort level with the management team at GNZR is rapidly approaching zero (on a scale of 1-10). The fully-diluted share count and some of the financial/business decisions at the company are not particularly encouraging, IMO.

As you are probably aware from my April posts on that board, I was uncomfortable with the conversion price of the debt not getting adjusted higher along with the reverse split. It was puzzling to me that CEO Matthew Krieg seemed willing to accept/embrace/nurture that convertible debt, when he could have simply wrote a check and paid it off.

It turns out Seven Palm Investments (a 50% owner of the convertible debt) and its CEO Peter Veugeler are in a heap of trouble with the SEC (see links below). So when I saw in the quarterly report that some of the debt had been converted into shares, and that action was eventually followed by a one-week stock promotion campaign, I pretty much have seen enough. The disclaimer I recall seeing from some Atlanta-based promotional firm claimed that it had received compensation directly from GNZR.

Any future interest I have in that stock will likely be strictly from a trading/flipping standpoint.

http://orlando.bizjournals.com/orlando/stories/2010/05/03/daily27.html?jst=pn_pn_lk

http://www.courthousenews.com/2010/05/06/27055.htm