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Well the stock price is telling us we're not OK. However I wouldn't place much emphasis on the stock price because the volume is so low. Basically there is no market for the stock. Those selling are probably not very bright, need the tax write off or maybe they do know something that everyone else that doesn't have enough invested to go to China and look around doesn't know.
From this posted link I'd say they are at least still in business. Cornell is a top notch school. But this and a dollar will get you 100 pennies!
http://cn.linkedin.com/pub/jimmy-hu/a/4a5/754
Yes, the last major investor was a Chinese bank. So we know who will stand in line first if things don't go well.
So we might still be good. Also, isn't a bank in China invested in this company?!?!
No they are not. Essentially they are like a private company. When they filed with the SEC they were allowed to "go dark". Thus they don't have to submit any filings with the SEC including earnings reports.
I agree but they not obligated to do so?!?!
Well since they didn't report earnings in July I'm afraid owning shares is becoming more of a gamble. Have to wait and see how the US and Chinese regulators settle things. Hopefully there is something left when they finish.
Sound like it. Can believe this crap. How many quanties do you own?
Oh, sorry, another possibility. Someone might have put a stop loss in an illiquid stock and they just got ripped off by some market maker.
Someone is giving up due to information only they have or just giving up due to no information. Remember that a positive sign would have been if they issued an annual earnings report in July like last year. They did not.
If you're talking about the 1,000 share .12 USD buy you're really expecting it to go up huge. If you're paying 8 USD for commissions it has to go up over 16% just to cover the round trip. Those are some pretty tall odds.
More important, no annual earnings report for 2012. I was hoping for this since it would have been a positive sign. I was hoping for a little respect. No such luck.
I think indefinitely. Essentially it's like investing in a private company. Hopefully the US/Chinese negotiations will force the issue.
How long can a company go dark for?
Patiently waiting
Well last year, as I posted recently, DFEL announced their annual earnings on July 16th. This after they had formally announced going dark. So if they don't announce earnings sometime soon this is another negative sign. As for your target, if it's real it's directionally correct unless things have changed dramatically. Problem is who gets the value in the company. It's trading below a thin dime for a reason.
Thank you--- I feel like its only me and you that own this stock. I can see this stupid thing at a $1 easily. Am I dreaming?
Clear up the accounting problems and have China TMK report audited results. Or a sale of the company.
Progress.
China ready to hand over audit documents to U.S. regulators
http://www.foxbusiness.com/news/2013/07/10/china-ready-to-hand-over-audit-documents-to-us-regulators/
This company need to give an updates.... It's almost 2 years and they making Millions
Last year on July 16th they announced 2011 annual earnings results. A person on another board that claims to be in contact with the company has indicted they were committed to doing so for 2012. He was not however perfectly confident that this would happen but believed that it would be a positive sign if this were to occur.
Haven't reviewed his post in some time but I believe this to be the case unless I suffer from CRS (Can't Remember s@#$).
http://www.prnewswire.com/news-releases/china-tmk-battery-systems-inc-reports-full-year-2011-results-162843706.html
hope to get some solid updates soon here
Or just but it cash down!!!
So much for not being able to buy at .12 USD. So, Did ya get any? I will tell you that the mm was not giving any to the masses at 0.06 or 0.07 USD. Not to me anyway.
Hopefully we'll see what this is really worth some time this year. O USD or more toward your commented target. If you look across a number of Chinese small caps the risk is real for sure. Then again, if this is anywhere near the level of business claimed why wouldn't they make what is from where we stand a respectable offer to stay legitimate. Tick Tock ...........
I think you missing a 9 ?!?! I will gladly settle for $0.99!!!!
Well if they go private the above board route they will have to find the money to do so and make a reasonable offer to the shareholders. This would in effect eliminate the stock as they would not longer be a public entity. You would get the offering price for tendering your shares.
Or the risk is, And that's one of a few reasons the stock is trading so low, is that they just walk away and in effect steal the capital from the investors. This is not uncommon in China from what I've seen. This would however make it so the company could never relist on another exchange since they could never be trusted.
So we wait.
PS, I'll give ya 9 cents! ;)
They need to do something. i know they making money and doing a project to make rechargeable battery for cars. If they go private then what happens to our stock???
Sorry about the multiple posts. Hmmm.
Since they have gone dark I would expect no press releases other than an annual report like they did last year after going dark. That is what we need to hope for. That or an offer to go private.
Since they have gone dark I would expect no press releases other than an annual report like they did last year after going dark. That is what we need to hope for. That or an offer to go private.
Since they have gone dark I would expect no press releases other than an annual report like they did last year after going dark. That is what we need to hope for. That or an offer to go private.
This company need to provide an update
I guess )0.12 USD wasn't such a deal after all.
Anyway, like I said, there is no liquidity so the price issue will not be resolved until the company shows its cards. Hopefully sooner rather than later. In the mean time you can satisfy your emotions be they fear or greed. Place your bets.
A 200 share trade. 8 USD to buy 32 USD worth of stock. Or most likely a mm tape painting. And then someone jumped in front of the BIG trade price.
Hopefully around the date they released 2011 FY earnings we'll know more.
http://www.prnewswire.com/news-releases-test/china-tmk-battery-systems-inc-reports-full-year-2011-results-162843706.html
somebody got close to it.
Sucks!!!! I will just stack up may be when it gets further down
I guess .12 USD was not that far off the mark. ;)
Of course, as I indicated before, no liquidity or information so price means nothing.
Probably not. I get more action than this stock does.
May be you do
Thanks for sharing. Solid points
I guess nobody else cares.
I'm told it's real from someone who claims to have been to the company and continues to communicate with them. This is not to say that their accounting is perfectly accurate. I believe this person to be genuine. The big question appears to be, Will they continue to honor the rights of the investors? This is no small question when it comes to Chinese firms.
Waiting to see if they do an annual earnings announcement this year. If they do it's a good sign. Also hoping they can get access to funding to clean up the mess they have gotten into by not getting listed.
Your 1 USD target isn't a bad one but it's not a given for sure. 0 USD can still happen and I think the odds of one or the other is higher than somewhere in between. What it trades at until the mess is cleaned up is just noise.
That's not me sunshine!!! I am holding this thing till it gets to over $1. You will wake up one day and bam!!!! Richer than RICHARD. The mm are definitely playing this stock and it frustrate me. What do you think of the company? Consider revenue and go to the web page. I don't wanna be drinking the cool aid
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