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anybody noticed this... one for four. must be superman for sure that save some costs.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6673717
Nice ascending triangle break-out. Could go big here
Looks very possible, chart is setting up for anothing big run IMO.
Sweet. Seems ARCA is always around before a nice run.
I kept upping my bid, and ARCA kept out-bidding me. Very strange indeed. He's loading up for a reason. I think we're setting up nicely for another break-out
The spread tightened up... I think something is about to go down.
There's no question ARCA wants shares.
Something going on here Van. Seeing ARCA UT the high bidder on a regular basis. Think we're setting up for a big move north.
IFSG had a fantastic close! And I'm liking the way L2 looks... :o)
ARCA looks to be pushing this very nice!
This looks ready for a break-out, seeing some strange L2 action.
I think it's one to accumulate and hold for a bit.
Good Evening just doing a little DD. This one looks very interesting I might take a starter position on Monday.
So much potential here, glad folks are starting to realize the value of this little-known gem.
Need some volume here. This is still way too cheap
Ibox is a good source of info. Since this is a reporting otcbb stock, it has to file 10-Q's which has the latest share structure...
Authorized Shares: 300,000,000
Outstanding Shares: 161,560,520
Float: 63,678,191
(As of November 16, 2009)
How many outstanding shares ?
Does anyboby know ? Pinksheets says 148 mill. shares. Is that still true ? have there been any recent reverse splits or are any planned ?
Added here also ... too cheap and wont go unnoticed for much longer.
time to add some cheapies here...
Fundamentals too strong here IMO. Whacker will eventually be assimilated and the herd will find this one. Who knows when...but it'll happen!
Can't get the whacker out of here! Someone is making an effort to keep this one grounded. Won't last IMO.
I thank whoever is selling, .025 is our new base and someone has been loading me up on the bid the last few days. Dont mind being overweight in this stock, once it gets noticed, we'll move to new highs.
I'm with you but skeptical about it happening this week. Seems to be low volume overall/everywhere due to the holidays. Next week is a different story.
Looking for a turn-around and move back into the high .03s, low .04s by end of this week.
Also nice to see 3 MMs at .025, shows they realize this is under-valued and intend to sell for much higher prices.
Yep, fundamentals line up really well here ... only thing that is missing is the proper share price, which should be in the double-digits ... i'll just continue to accumulate quietly. Healthy spread between bid/ask shows the MMs want to scare out more shares since there arent a whole lot of folks that know about this stock.
NITE's been trying to fill his buddies for days ... I got a small piece of the whack and am bidding for more ... theyre keeping a huge spread to scare out more sellers
Lots of whacks today, MMs trying to walk it down to .027 to load up there buddies. They'll have to fill me up first and I want a lot!!
This looks ready to pop to .05+ ...
Float has to be tight, uptick on 25,000 shares from .028 to .036 ask!
Yep, thats the only problem with this one...
This one needs more eyeballs. The fundamentals are out of this world but the herd has not caught on to this one yet. When it catches fire I think it will burn fast and furious though.
looks like just in time too... got a couple buys trickling in.
Thx to whoever was selling at .028, nice X-mas present : )
standoff right now
Thank you and good luck to you too!
yes good read. .035 is key, turning old R numbers into S is the reasoning behind that... often its the 3rd attempt that pushed the price threw that for good.
buy a core, and some traders, to reduce your cost to risk free shares is always the goal. good luck sir.
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COMPANY DATA Infosmart Group, Inc.
| SHARE STRUCTURE Authorized Shares: 300,000,000 (As of November 16, 2009)
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Business Description The company is in the business of developing, manufacturing, marketing and sales of recordable digital versatile disc (“DVDR”) media and recordable compact discs (“CDR”). The company currently manufactures DVDRs as well as CDRs, and has been developing its DVD-R manufacturing basis in both Hong Kong and Brazil to capture the worldwide market. As the “war” between high density format DVDR (“HD-DVD”) and Blu-ray DVD formats has ended with the Blu-ray DVD format surviving in the marketplace to become the latest format of DVD recordable media, the company has a new perspective in business development in the world market for the next 5 years. The company has acquired the first set of Blu-ray DVD replication systems in the China/Hong Kong region and will devote more resources to developing the market for Blu-ray DVD replication systems. The company has customers in Western Europe, Australia, China and South America.
http://anwell.listedcompany.com/newsroom/Anwell_Press-Release_Infosmart-Contract-.pdf The company produce through two main operational business subsidiaries, Infoscience Media Limited (“IS Media”) at state-of-the-art DVDR manufacturing facilities in Hong Kong and Discobras Industria E Comercio de Electro Eletronica Limiteda (“Discobras”) at state-of-the-art DVDR & CDR manufacturing facilities in Brazil. The Quality Management System complies with ISO9001:2000 requirements, and they are ISO 9000 certified. As a result of the Blu-ray format DVD prevailing over the HD-DVD in the battle of dominating the future format of DVDR, thecompany purchased the first set of Blu-ray DVD production replication systems in the China/Hong Kong region in order to meet the demands in the high definition media storage market
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Facilities We endorse our belief with our factory facilities. It has been proven by the SINGULUS E-Mould molding machines from Germany, production lines from SINGULUS Streamline II and Streamline/SPA, offset printing machine METRONIC from Germany, silk screen printing machine HANKY from Taiwan equipped. We have made every effort to ensure the final products are made in the best possible conditions. In the aspect of dust control, we have attained a world standard - 10,000-class environmental clean room throughout our production house. The production house has also employed with in-house quality controllers that perform preliminary, intermediate quality control inspections that compiles with Philips Orange Book standards. Newest drives will be purchased and are used to perform compatibility tests in order to ensure highest compatibility.
Segment Information The Company is engaged in the manufacture and distribution of Blu-ray, DVDR, CDR and non-diskette storage media (Flash card and Micro SD). The nature of the products, their production processes, the type of their customers and their distribution methods are substantially similar. Information for the DVDR, CDR products, flash drive , memory card and blu-ray are disclosed under FAS 131, “Disclosures about Segments of an Enterprise and Related Information” as below:- As of March 31, 2009, we had 150 full-time employees, including management. None of these employees are represented by any collective bargaining agreements. Neither we nor any of the subsidiaries have experienced a work stoppage. Management believes that our relations with our employees are good |
PRODUCT LIST
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PACKAGING LIST
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Latest 10-Q (Period Ending 9/30/2009)
As of | ||||||||
September 30, | December 31, | |||||||
2009 | 2008 | |||||||
(Unaudited) | (Audited) | |||||||
COMMITMENTS AND CONTINGENCIES – note 10 | ||||||||
STOCKHOLDERS’ EQUITY | ||||||||
Common stock: No par value – note 11 | ||||||||
Authorized: 300,000,000 shares; Issued and outstanding: 2009 – 161,560,520 shares and 2008 –161,560,520 shares | 4,557,827 | 4,557,827 | ||||||
Additional paid-in-capital – note 11 | 8,118,664 | 8,118,664 | ||||||
Accumulated other comprehensive income | (1,175,231 | ) | (4,322,676 | ) | ||||
Retained earnings | 11,209,503 | 11,303,600 | ||||||
TOTAL STOCKHOLDERS’ EQUITY | 22,710,763 | 19,657,415 |
As of | ||||||||
September 30, | December 31, | |||||||
2009 | 2008 | |||||||
(Unaudited) | (Audited) | |||||||
ASSETS | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 213,353 | $ | 449,089 | ||||
Trade receivables | 5,435,632 | 7,628,529 | ||||||
Prepaid expenses and other receivables | 5,861,275 | 4,653,565 | ||||||
Prepaid tax | 1,868,433 | 880,008 | ||||||
Inventories (net of allowance for doubtful accounts of $Nil for 2009 AND 2008) - note 6 | 1,667,224 | 1,906,445 | ||||||
Advance to a related party | 571,416 | - | ||||||
Total current assets | 15,617,333 | 15,517,636 | ||||||
Deferred tax assets - note 4 | - | - | ||||||
Plant and equipment, net - note 7 | 26,738,566 | 28,210,693 | ||||||
Intangible assets | 1,316,840 | 1,528,475 | ||||||
TOTAL ASSETS | $ | 43,672,739 | $ | 45,256,804 |
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
Net sales | $ | 5,515,148 | $ | 8,548,142 | $ | 19,727,060 | $ | 22,877,226 | ||||||||
Cost of sales | (3,642,514 | ) | (4,437,490 | ) | (14,612,752 | ) | (15,961,181 | ) | ||||||||
Gross profit | 1,872,634 | 4,110,652 | 5,114,308 | 6,916,045 | ||||||||||||
Administrative expenses | (1,513,318 | ) | (2,166,313 | ) | (3,871,036 | ) | (4,450,718 | ) | ||||||||
Selling and distributing costs | (130,155 | ) | (102,817 | ) | (447,506 | ) | (278,519 | ) | ||||||||
Income from operations | 229,161 | 1,841,522 | 795,766 | 2.186.808 | ||||||||||||
Other income | 208,634 | 47,231 | 246,516 | 1,014,769 | ||||||||||||
Interest expenses | (449,421 | ) | (136,685 | ) | (1,226,687 | ) | (571,757 | ) | ||||||||
Income / (Loss) before income taxes | (11,626 | ) | 1,752,068 | (184,405 | ) | 2,629,820 | ||||||||||
Income taxes - note 4 | - | (409,531 | ) | (4,897 | ) | (460,840 | ) | |||||||||
Net income / (loss) | (11,626 | ) | 1,342,537 | (189,302 | ) | 2,168,980 | ||||||||||
Non-controlling interest | 64,330 | (19,195 | ) | 95,206. | (34,979 | ) | ||||||||||
Net income / (loss) before dividend | 52,704 | 1,323,342 | (94,096 | ) | 2,134,001 | |||||||||||
Series B preferred dividend | - | (36,605 | ) | - | (189,313 | ) | ||||||||||
Net income / (loss) applicable to common shareholders | 52,704 | 1,286,737 | (94,096 | ) | 1,944,688 | |||||||||||
Earning / (loss) per share - note 9 | ||||||||||||||||
- basic | $ | 0.01 | $ | 0.01 | $ | (0.01 | ) | $ | 0.01 | |||||||
- dilutive | $ | 0.01 | $ | 0.01 | $ | (0.01 | ) | $ | 0.01 |
MANAGEMENT
Parker Seto – Chief Executive Officer and President
Formerly the Managing Director of WestPark Capital, Inc., Mr. Seto graduated from the Chinese University of Hong Kong with a Bachelor of Business Administration (Honour) in Professional Accountancy in 1990. Mr. Seto is a Member of the American Institute of Certified Public Accountants, Fellow Member of the Association of Chartered Certified Accountants in United Kingdom, and member of the Hong Kong Institute of Certified Public Accountants. He has extensive experience in initial public offerings and auditing public companies and provides financial advisory services. Mr. Seto was a director of the Company from March 16, 2007 until his resignation on August 9, 2007. Mr. Seto has been our Chief Executive Officer and President since August 21, 2007. Concurrent to his position with the Company and since 2002, Mr. Seto has been offering management consultancy services to several mid-sized businesses in Hong Kong and mainland China.
Po Nei Sze - Chief Financial Officer, Treasurer, Secretary and Director
Co-founder of Infosmart Group Limited, a company incorporated in the British Virgin Islands (“Infosmart BVI”) in 2002, Ms Sze has been overseeing its finance, human resources, accounting, purchasing, and shipping departments ever since. The Company effected a reverse merger with Infosmart BVI on August 16, 2006 and since August 16, 2006 Ms. Sze has been our director, Chief Financial Officer, Treasurer, and Secretary. Ms. Sze received her degree in Business Administration from the British Columbia Institute of Technology in Canada. Ms. Sze is concurrently a director of Eternal Scene International Limited since December 2002 and Prime Corporate Developments Limited since January 2004.
Andrew Chung Yuen Chang - Chairman of the Board
Mr. Chang holds a Master of Economics degree from the University of Macquarie, Australia and a Bachelor of Commerce degree from the University of New South Wales, Australia where he majored in accounting. In 1995, he founded Hung Tat International (HK) Ltd. (“Hung Tat”), a telecommunications devices manufacturing business which employs 1,400 workers today and makes yearly revenue of HK$15 million. Hung Tat mostly exports its products to the U.S., and its major customers include Family Dollar, Best Buy, Circuit City, Southern Telecom, and jWIN Electronics. Mr. Chang has been our Chairman of the Board since August 16, 2006. He is concurrently a director of Honor Lustre Ltd. since September 2005, Hung Tat Far East since April 2002, Hung Tat since January 1998, and Health Genius International Ltd. since May 1996.
Sebastian Tseng - Regional Director South America
- Oversees Discobras operation in Brazil and sales in South America.
- Previously C.E.O. and V.P., Sales/Purchasing Manager, respectively, at two companies trading in optical dye and optical discs.
- New york Polytechnic University, Master of Science, Chemical Engineering; University of California, San Diego, Bachelor of Science, Chemical Engineering.
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