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20.4 = 2.63million US dollars. Could be plush offices. Manufacturing is doubtful. But at least it is a presence that we can interact with.
I suspect its just more scammy vapor and mirrors. Dilution.
It looks like Dragonite's e-cigarette business is moving to the US and be based in Southern California, funded by yet another capital raise. As described, here are the use of proceeds:
The Group is mainly engaged in (i) production and sales of health care products, pharmaceutical products and RUYAN atomizing cigarettes, (ii) securities trading and investment, and (iii) property investment.
Electronic cigarettes are a core business of the Group. The Group is the leader in electronic cigarette technology with an extensive patent portfolio. In order to facilitate the enforcement and commercialization of the Group’s intellectual property rights in the United States, the Company plans to establish a wholly-owned
subsidiary in Southern California. Such new subsidiary will also facilitate sales, marketing, regulatory compliance, and public relations in regard to the Group’s electronic cigarette business in the United States.
Upon Completion, the gross proceeds to be raised from the Placing will be approximately HK$21.5 million. After taking into account the estimated expenses in relation to the Placing, the estimated net proceeds from the Placing will be approximately HK$20.4 million, representing a net price of HK$0.063 per Placing
Share. The entirety of the net proceeds raised from the Placing will be dedicated to the paid-up capital of the aforesaid new subsidiary in Southern California.
The Directors consider that the Placing represents a good opportunity to raise additional funds for establishing a new subsidiary in Southern California and the Placing will widen the Company’s shareholder base. The Directors also consider that
the terms of the Placing, including the rate of the placing commission, are fair and reasonable compared with current market practice. Accordingly, the Directors are of the view that the Placing is in the interests of the Company and the Shareholders as a whole.
I think that they just want to keep an eye out and I for one appreciate when a company representative takes the time to answer questions that they can answer.
I mod another board where the owner of the technology comes on to keep us updated from time to time..... The stock doesn't even trade but when it does start to, we will be properly informed.
I wish Hon's third secretary's ex boyfriend would post on the DGTLF board.... Something, any, thing,
Bueller, Buelller..................
It is not cheesy and unprofessional if it is done in the proper way...... I think Vapor Corp is doing it the proper way....
I could show you the wrong way just as easy.... and it gets realllly cheeeesy.
take the good with the bad.... I think there is still some good left .... although the bad guys are beginning to get a little desperate and starting to run rampant.
perception is the key when dealing with the iLube lock.......
I thought it was kind of cool. Honestly I wish we could hear something, anything from Hon Lik
Newmed or others..... any thoughts on why VPCO would be posting on the Ihub boards? Can't ever remember any other company blogging on their own message board. Not that anything profound was said... actually just a reiteration of their p.r. releases. But still, just trying to understand their motives. All in all, seemed a little cheesy and unprofessional.
ZzzzzZZZzzzzz..... Where's my money $&@!#?
Logic Announces New Patent
E-cigarette manufacturer is first to offer a "puff counter"
Nice find Newmedman. This of course is de minimus. At least we post here. VPCO hasn't had a post since 5/17. This is more of an advertisement than an improvement. Besides, I seem to remember Greensmoke had a soft cartridge for their rechargeable. Yes it did get soggy quickly.
I personally rely on Cherryvape tips for ergonomic comfort.
More news from the VC camp.... hmmmm
Vapor Corp. Filed Patent Application for Soft Padded Electronic Cigarette Cartridge
http://ih.advfn.com/p.php?pid=nmona&article=52690574&symbol=VPCO
The soft tips I encountered got soggy....
Speaking of Vapor Corp
http://www.dailymarkets.com/stock/2012/06/04/merriman-capital-retained-as-capital-markets-advisor-to-vapor-corp/
They probably also have a deal in the works. I don't think any of these lawsuits will go to trial. Hopefully some of these settlements mean something to us, the beleaguered, frustrated, and put upon stockholders.
no problem.... I wish there was more to give you all but the dismissal orders are the only thing that's been filed since February.... The full filings don't explain anything about the dismissals, no details at all...
Njoy and Blu were the two biggest fish and it still looks like Vapor Corp is choosing to stay and fight for now.
I just hope they all settle and get this thing over because Dragonite still has another patent to sue everyone for..... since that's all they do lol.
Ten Million... C'mon Man !!!!!! Blu was purchased for 14 times that much..
Reality really does bite....
"2012-05-31 17:23:05
Hong Kong Stock Exchange data show that Eugene Chuang, a substantial shareholder of DRAGONITE INT'L (00329), sold 7.41% interests in, or 120.816 million of, DRAGONITE INT'L at HK4.8 cents per share on 25 May over the counter, cashing in around HK$5.8 million.
AAStocks Financial News Fax: 852 2186 8286 Email: newsroom@aastocks.com Web Site: www.aastocks.com
News Provided by AASTOCKS.com"
Correct me if I am wrong, but
HK $5.8 million = US $747,000
7.41% = US $747,000
100% =~ US $10,000,000 total value of DGTLF
Reality bites.
Oh, and a shout out to Newmedman. Thank you for your work on the lawsuits.
Hater man - Whoa, back in the barn horsie. While my views may be out there at times, and my choices in this stock may have been wrong, it doesn't call for an overall investment strategy advice by bulletin board.
I have once again been proven wrong. Trading is still nominal and still trending downward, not the volatility I expected after the latest news. I accept that.
The owners have made poor financial decisions at every turn. They pay themselves salaries that are apparently acceptable but not munificent. My view was that they might appreciate some sort of a deal that would leave them comfortable while stockholders would regain some of the lost value. They might simply want to accept the reality of how they were not built to take the opportunity they had. The board is probably feuding as we speak.
There has been no real product launch. In the last six months the market has grown. They essentially have "only" the patents. The deal with Blu might have been made with their backs to the wall. I don't know.
I really don't know. I speculate and say so. I don't advise. But I would be happy to get half my money back. I don't think being in the black is foreseeable in the near future.
dskarpus - Ok, but I just still do not really understand your points. I can see what you are getting at, that big T has the money to manipulate whatever kind of deal is best for them while putting the ecig companies out of business. Ok, but simply put, if "they make a reasonable offer for the shares..." then as a shareholder I would really not care at all what they do with the assets they bought. As long as a reasonable tender offer is successful then I dont think "investors like us will be thrown under the bus".
I agree that the last subscription "dealings" was indeed a slap in the face for shareholders and they need to quit doing these share restructures and offerings but they would stop IMO if they were once again profitable. The main problem is they keep losing money every year, no sales, just bad bets in the market and terrible management, so they keep looking to shareholders to bail them out every year with more inflows, so any shareholder who does not wish to keep doubling down every year gets left in the dust as the share price plummets and the share count keeps rising.
I think if big T came in and made an offer, as long as it was for a price that put all shareholders back into the black, then I think there is at least one scenario wherein investors can come out of this positively. The question is, would big T ever make a reasonable offer. I think it would be a strategic acquisition and they would not care to buyout the entire company; they dont care about Ginseng and other Chinese label herbal extracts or Hong Kong real estate investments (basements). They care only about owning the two ecig patents so I think if they ever made an offer, it would only to buy out the Ruyan subsidiary, which holds the patents. Such an asset purchase would give Dragonite a much needed infusion of cash and perhaps then the stock price would move up. They could instead structure such a deal such that Dragonite sold off Ruyan for shares in the takeover company and then do a special dividend for shareholders giving them a certain number of shares of the takeover company based on the number of Dragonite shares they own. That would be a nice way to reward long term shareholders, something they have not done for years, as the pps has fallen from HKD dollar land to HKD cent land.
I think if you feel that there is no way investors like us can have any possible outcome that is positive here and the current pps is the highest it will ever be and there is only downside in the future then there is no reason to hold onto the shares and perhaps you should think about just dumping your entire position as soon as possible. If you think that investors like us get screwed in every scenario for every stock for all time, then there is no point in putting your money into equities. I would recommend the currency market or perhaps bonds.
GLTY
Thanks again Newmedman, all the Pacer stuff is much appreciated.
I know exactly what you are talking about with all the "stinky pinks" getting the best of our patience and sanity. I myself took a break from it after many back to back vacations and only now starting to get back to looking into what has been going on and actually taking a break is very good to do once in a while IMO.
Even though they may end up never disclosing the details of the agreements made between Dragonite and BLEC, LLC the financial filings whenever they come out should I would think show the monetary inflows, so after seeing that, investors should be able to back calculate what kind of settlement payment they recieved.
Just a guess.
I wonder what all products by big pharma are out there which are infringing on that new patent?! Is it a possibility that they could sue big pharma and settle for even more cash?! That alone could get this little POS company back into the black, flush with cash. Then maybe the ridiculous pps will move up eventually. At least seeing these "stinky pinks" eventually go down to par value or into the gutter has taught me to be a more patient and better buyer of the "stinky pinks". The key seems to just be to wait long enough and at some point in the history of any "stinky pink" one can finally come in and snap up a large percentage of the float via buying when everyone else has left it for dead. Its the buying at inflated prices even when you think its cheap that is where "stinky pink" buyers and holders get into trouble I think.
GLTY
So... let me see the chronology. Dgtlf settles with Sottera, then stock tanks, then Alice backs out, then new investment. This would be unbelievable as a reality show. What would ice the cake if RJR sued Dgltf for prior patent infringement, then actions for SEC stock fraud (obviously we have not been privy to all the facts we are entitled to), then we get sued for libel. We sell the movie rights to the History Channel. Is everybody using Bath Salts in their e-cigs?
Only sure bet: extreme volatility tonight with high trading from insiders privy to info.
Well I guess the settlements will remain undisclosed ? I wonder if they are going to start this all over again with the new patent ? Sorry HaterDog the MB's and the stinky pinks are starting to get the best of me. Gonna take a break again. My posts aren't even making sense to me anymore....
These orders were issued on 05/01
Full docket text for document 70:
IT IS ORDERED that all claims between Ruyan Investment (Holdings) Limited and Sottera, Inc. (Case No. CV11-367-GAF(FFMx) are dismissed without prejudice, with each party to bear its respective costs and attorney's fees by Judge Gary A. Feess. (bp)
Full docket text for document 71:
ORDER ON JOINT STIPULATION TO DISMISS WITHOUT PREJUDICE ALL CLAIMS BETWEEN RUYAN INVESTMENT (HOLDINGS) LIMITED AND BLEC, LLC by Judge Gary A. Feess. All cliams between Ruyan Investment (Holdings) Limited and BLEC, LLC are hereby dimsissed without prejudice. (bp)
You would think they'd at least disclose the terms of the agreements for the shareholders.... naah, let the insiders all bail first....
You are right. BUT... imagine this scenario. They make a reasonable offer for the shares while executing consulting contracts for the principals. Since big T is global, they could set up a new far east division with separate contracts. Of course they would be screwed later. Big T is not known for being magnanimous.
Under any scenario the investors like us will be thrown under the bus. This last subscription and dealings are proof.
No, I actually dont get it.
How could big T "...pay off the principals handsomely..", all the while they "...screw us investors..."?? Would not a "takeover" simply involve a tender offer at a specific share price?
IMO a "takeover" would be a "fairy tale ending", as shareholders and management would not just go for a tender offer at the current price, would they? Am I assuming too much?!
;)
I totally agree with the fact that "management has screwed this so bad" and that big T could in fact be looking across the pond at making an acquisition in order to have full control and stifle the ecig industry with all the ideas outlined below, however, I cannot imagine with so many shareholders underwater here with the price so low that after a vote we would allow a low tender offer. Perhaps you are speculating about some scenario wherein big T pays a few of the execs and big stake holders an under the table sum to vote for a low tender offer to go through which would indeed screw the investors? Perhaps, but that is assuming a lot of illegal behavior, opening up the possibility for a class action lawsuit by shareholders against management.
Such high hopes we had, indeed, however I would not be closing the book before reading the last few chapters. Its not over until its over, and the industry and Dragonites rule is only just beginning. We have not even learned how large the settlement payment is to be.
Management has screwed this is so bad and the price is so low I see a takeover in the future. A big tobacco firm might see this as an opportunity to buy and have the patents to screw the whole industry. A paltry investment might delay e-cig industry growth with delaying by lawsuit all competitors while maintaining status quo for years to come. They could pay off the principals handsomely, screw us investors and claim that they are doing a public service all at the same time.
They could then force all competitors to close up shop. With the FDA in their pocket they could keep people smoking and preserve their profit for years to come. Politicians would back them by legislating high taxes such as used for cigarettes.
Such high hopes we had. Such lousy management. No fairy tale ending.
It's all crap hater... They are selling us a bunch of crap... do you get it yet?
or maybe I just don't speak in layman terms.
pile of crap dude... take your slice...
LOL
Medman, that was a very interesting and amusing post, however, unfortunately I could not understand a word of it and I am lost as to the meaning of the thoughts you wished to convey. Please descramble your riddles for those of us who lack the capacity for such dry humor. TIA. My take is that this management is out to lunch and they have done a terrible job managing the inflows over the last year or two (bad market bets, etc) however at least they secured the major settlement with Blu Cig, though we still do not know what that means as far as monetary inflows. At this point, they are the only ones with actual enforceble patents in the ecig industry so I for one will just be holding, probably my usual forever, in this one.
Though holding forever is more forced than desired at this point, especially when there is the better option of owning actual HK:329 shares on the Hang Seng. Hopefully this year will be the year of the Ruyan/Dragonite/REAL/eGAR/atomizingPatent/thingamabob ecig after years of false starts, empty promises and a whole lot of money wasted and lost in these publicly traded micro cap dissapointments.
GLTY
So these chukker dogs stuffed it my sidelight only to have the sun never shine upon them again ?
those dirty so and so's ....The jamblerfugger is in time with the dumbwaiter so I see a good chance to wang bang doodle here pretty soon if not ever....
gulp and throttle .... D GT L FFFFFFFFFF
Newmedman, I agree with your criticism of management. Indeed, patents are only effective if the company can use them properly to shut out the competition or if they are going to allow others to use the designs then they must make sure they force the greatest concessions for the competitors (monetary, agreements, etc).
I did not see any information about how much money DGTLF recieved from the Blu Cig payment (settlement). So I think it would be jumping to conclusions to think that they got "squat" for the patents. I dont think we know yet what the inflows will be until a financial filing is released at some point. Anything in Pacer?
I agree its getting harder to watch, but as you say, slow and steady wins the race, correct?
I would not go so far as to say that the "stake holders are bailing", one investor who had about 10 million in HK:329 raised some cash, about 7% of his holdings, if I had to guess, probably to cover margin calls in other accounts based on the global market rout that was a brutal May. Just speculation but, I would only begin raising an eyebrow if multiple large stake holders were cutting their positions in half or greater.
I have been looking into what is going on with DGTLF ticker but I cannot find details. I still do not understand why even though the R/S cut the number of shares down 1/5X, why the going price did not move up 5X. I would have thought it would have gone from $0.02 to $0.10 but its still at $0.022. I am guessing there just are no bids or asks out there that match and so no trades are happening, "grey market" and all. Just out of curiousity I did put a tiny number of shares for sale up at USD$0.10 just to see if any trades ever go off at that level. The problem now is that because of the share structure adjustment, the ticker cannot implement the proper HKD to USD conversion anymore. It does not make sense any longer, because HK:329 is trading at HKD$0.06 which is only USD$0.0077 however the fair price in DGTLF ticker before the adjustment was USD$0.02, so after the adjustment it should be USD$0.10 however that would mean a converted price of HKD$0.77 for the HK:329 shares which is obviously way way higher than where it is trading now. So I do not know what is going on or what the mechanics are but its all seriously fouled up. It seems to me that the ticker has just been left to collect dust by the company and they are not occasionally updating the price or share structure of this side pool to the HK:329 properly.
GLTY
Uh oh.... has the ginseng gone bad again ? Did they lose their azz on another bad trade ? Did they settle the suits for a paltry amount not knowing the big T was lurking ?
It's getting harder to watch my friend...... Shoddy management at its finest hour. Intellectual property doesn't mean squat if you can't use it to your advantage.
Now the stake holders are bailing ?
Although they could just be pissed at Alice's sweet deal. I know I would be...
Something about rats + ship
http://aastocks.com/en/News/HK6/NOW.491506.html
Can i get a do-over like Alice?
http://aastocks.com/en/News/HK6/NOW.491122.html
DGTLF mentioned in article see below.
http://www2.journalnow.com/business/2012/may/27/wssunbiz01-electronic-cigarettes-important-new-nic-ar-2310136/?referer=http://t.co/0LChzM6V&shorturl=http://bit.ly/LpqJ2a
The electronic-cigarette craze has shifted from "fad" to "here to stay," according to a prominent tobacco industry analyst.
As a result, Wells Fargo Securities analyst Bonnie Herzog expects it's just a matter of time before R.J. Reynolds Tobacco Co. begins selling the products.
"We expect Reynolds to be the next mover into this growing category, most likely organically but we wouldn't rule out a potential acquisition," Herzog said. She said potential targets are NJoy and 21st Century.
"However, with Altria, the race is on: who's next in e-cigs."
Reynolds spokesman David Howard said the company's policy "is to not comment on any rumors or speculation regarding any possible acquisitions."
E-cigarettes, or e-cigs for short, are battery-powered devices that heat a liquid nicotine solution in a disposable cartridge and create a vapor that is inhaled. Refill cartridges can be purchased in different amounts and flavors; five-packs typically cost between $9 and $18.
By comparison, a carton of cigarettes can cost between $25 and $50 for most name brands.
"We think e-cigs are to tobacco what energy drinks are to beverages," Herzog said.
"E-cigs are profitable, growing quickly, gaining shelf space and consumer acceptance; therefore e-cigs are an important new niche category for retailers."
Anyone who has visited the check-out counter at a convenience store or tobacco outlet recently has seen what Herzog is describing – multiple styles of unfamiliar brands on display.
Sales of e-cigs are about $300 million annually by an estimated 2.5 million users, according to Tobacco Vapor Electronic Cigarette Association.
There are projections of $1 billion in annual sales within a few years, Herzog said, in part because there is no federal or state excise taxes on the products.
"It's hard to say what it will take to pull Reynolds in, but e-cigs are getting bigger by the month," said Pat Shehan, owner of Tarheel Tobacco in Winston-Salem.
Even though e-cigs represent a higher upfront cost, "people are willing to pay the price, even in areas that are more economically depressed, so they can smoke in places where they can't now," Shehan said.
The financial and regulatory debate about e-cigs has been swirling for four years.
Some anti-smoking groups lump them with cigarettes and argue they should be regulated and taxed at the same level. Other health advocates say they could be a reduced-risk alternative to cigarettes.
Several states, not North Carolina, are considering placing an excise tax on e-cigs this year so they are treated like cigarettes and smokeless tobacco in raising funds and discouraging use, particularly among teens.
The main sales challenges for e-cigs have been reputational, as in there has been no major tobacco manufacturers selling the products. Therefore many consumers have shied away out of safety concerns since most e-cigs are made in China.
That drawback was removed partially April 25 when Lorillard Inc. bought blu Cigs, based in Charlotte, for $135 million.
Herzog said a recent survey of tobacco retailers and wholesalers found "several respondents noted Lorillard's purchase of blu Cigs lending credibility and legitimacy to the entire category."
Murray Kessler, chairman, chief executive and president of Lorillard, said in a statement that "e-cigarettes offer many of the benefits of other smokeless products but do so in a way that is familiar and enjoyed by current adult cigarette consumers."
"We believe that blu will benefit from Lorillard's regulatory experience and sales infrastructure which are needed for it, and the category, to reach its potential in a responsible manner."
Shehan said he expects Reynolds to buy an e-cigarette company and ship production into the United States "so it could do a better job with oversight."
Scott Ballin, past chairman of the Coalition on Smoking or Health, said it "makes sense for Reynolds to expand its portfolio into the e-cig market."
"I would guess that it would be more logical for them to acquire an existing company than to do it themselves, as they did with Niconovum."
Bill Godshall, executive director of SmokeFree Pennsylvania, said he expects Altria Group Inc., Reynolds and other tobacco companies will go big with e-cigs. Godshall is a vocal advocate for using e-cigs and smokeless tobacco as products to wean smokers from cigarettes.
"The big tobacco companies already have contracts with 500,000 retailers, ensuring highly desirable shelf displays and many other competitive advantages," Godshall said.
E-cigs have drawn opposition from federal and state health officials, including North Carolina, because of where most are made and there is limited regulatory oversight of their contents.
In September 2010, the U.S. Food and Drug Administration sent warning letters to five manufacturers of e-cigarettes or components.
In the letter, the FDA said that the companies are violating the Federal Food, Drug and Cosmetic Act, including unsubstantiated claims and poor manufacturing practices. The FDA has found that some e-cigarettes contain some known cancer-causing chemicals.
The FDA said it intends to regulate e-cigs and related products "in a manner consistent with its mission of protecting the public health."
Some of the debate focuses on how much nicotine is actually consumed through an e-cigarette.
North Carolina's health director, Dr. Jeff Engel, said in November 2010 that consumers should be cautious when considering buying and using e-cigs.
"E-cigarettes are not currently regulated; therefore, there is no way to know if they are safe or effective," Engel said. "They are available in shopping malls and online, and are sold with no age restriction, so they can easily be purchased and used by children and teens."
Engel said he is concerned e-cigs could be addictive, particularly to teens attracted by flavors, such as banana, chocolate and strawberry, that can't be legally used in cigarettes.
"Don't be fooled into thinking an e-cigarette is a safe alternative to smoking, or a sure-fire way to quit," Engel said. "There is no scientific evidence that either of those assumptions is true."
Godshall said that efforts such as Engel's urging for "smokers to continue smoking cigarettes instead of switching to far less hazardous smokefree e-cigs." He said that most e-cigarette companies market the products to adult consumers and not as a safe alternative.
A second major challenge is waiting on the Food and Drug Administration to determine whether it will regulate e-cigs as a tobacco product.
Herzog said most e-cigs' regulation is at the state level in the form of banning the sale of e-cigarettes. A few communities have enacted e-cig public smoking bans.
Another challenge to large tobacco manufacturers buying e-cigarette companies is the uncertainty surrounding patient and intellectual property rights.
Herzog said that Chinese manufacturer Ruyan, also known as Dragonite International Ltd., holds e-cigarette patents in the United States and more than 50 countries.
Before blu Cigs was able to be purchased by Lorillard, it had to reach a settlement deal with Ruyan to use its technology.
"We think it's possible that Altria and Reynolds have been held up on the e-cigarette front due to intellectual-property issues," Herzog said.
"Of course, companies could develop their own intellectual property that would leave them less exposed to patent infringement issues."
Godshall said he is not aware of any major tobacco company introducing a new product or new brand without first taking care of intellectual property rights and copyright concerns.
"As far as I know, no patent court has resolved the e-cigarette patent issues," Godshall said. The example of blu Cigs with Ruyan "would be the reality facing Reynolds and Philip Morris as well unless they choose to develop their own e-cigarette patents."
Anyone have any thoughts on the "Chung Nam Network" that Dragonite is part of?
http://webb-site.com/dbpub/articles.asp?p=13425
And here (scroll down): http://webb-site.com/articles/chinastrategic.asp
I think the real issue with DGTLF is that no one is at the wheel. There seems to be an apparatus of some sort keeping track of the HK 329 price which updates my 'current' price each day, irregardless of the 'last' printed price in DGTLF, but even so, because there is no market being made in the ticker by the company or any participant, its just on the grey sheets with orders out in the ether, the trade execution is all over the place. No one seems to be properly adjusting the share count in the DGTLF ticker to correspond with the company actions with the share structure in the HK 329 and so the 'fair' price for DGTLF gets left behind.
Take for example this last R/S, the DGTLF share count should have been reduced 5x and the 'fair' price should have gone up 5x and be near USD$0.25/share after the exchange rate conversion but immediately before the halt some entity printed a USD$0.001/share price on a couple shares and so it sat like that during all the restructuring and now last printed looks to be $0.022, but then you see there was a $0.025/share printed but then crossed out!! ??!
I mean, what the is going on?!
The mechanics of this ticker have always been a dark mystery but this is getting to be ridiculous. I think the company should either provide a liquidity generation tool (bot) to make a market in the ticker or else just give us all equivalent HK 329 share certs and close it down. Just as you say, the main issue is the price has remained at this low level yet I am looking at 1/5th of the shares I ever had; so that represents an immediate 80% loss right there along with whatever printed price is traded, but then after a day the HK 329 price comes along and wipes it and pulls it back down to a 'current' price to value the holdings yet at this point the pool of DGTLF shares have not changed (allegedly) and the HK 329 has a price that is completely disjoint and having nothing to do with what the price should be in the DGTLF. Attempting to contact the HK company is a joke, so really not sure what to do here. If enough volume ever came into the ticker, I have a feeling the issues would somewhat correct and since there would be a market, the 'last' printed price would dominate and the 'market' would decide what the price is rather than some antiquated absentee landlord of the ticker who is way behind with updates to the SS and price based on all the changes to date for the underlying HK 329.
Its a mess, what can I tell you. The fundamental developments, like the new patent and the money from the patent settlement coming to Dragonite are great things, but whats the use if the DGTLF never reflects these positive changes. The HK 329 does not seem to be performing either as you can see the last few days it has gone down 30%+ on about 1% of the total outstanding shares. Its retarded.
I do not understand why the big stake holders in the HK 329 just allow a few dollars per day of trading shares to dictate the gigantic price of their investment. It makes no sense that they do not provide a constant underlying bid at certain levels but instead just allow their stake to lose 90%+ every year, because of a few percentages of the total shares trading day to day, only to have to come up with another huge chunk of money to double and triple down on their original investments via new subscription rights and issuances. When does it end? And how does it make sense that the large stake holders just get fleeced every year for no reason and the same thing happens over and over? Especially with all of the good fundamental developments. I realize the company continues to operate at a loss each quarter, but at this point, income for earnings should be coming in and the turn around story should be happening I would think very soon. The constant price declines is another mystery, especially on such low volume.
Go figure...
good luck
Wait....
So your telling me there is something shady about a major shareholder who sold everything on false report she received, got out pre R/S, and is now allowed to buy back in at a discount ? Shouldn't she be waiting for all the non executed rights shares ?
I hope the patent attorneys are being paid in real money.... The price is close to my original average, the problem is I have only 1/5 of my shares.....
Alice sure knows how to play this thing...... she managed to achieve the opposite outcome.....
I was especially amused at ...
Date Price Volume
04/27 0.025 0
20120427|DGTLF|5000|0|5000|O
Huh? What the.. are the people 'trading' in this stock doing?!
The short volume was exactly equal to the total volume just to print $0.025 yet the tape showing zero volume.. ??!
Ok, whatever... I am guessing this is how the company is setting the price in the dark market DGTLF stock while the issuance is still getting tallied? Its all very... well.. DARK.
The dark side clouds the truth in many areas and unfortunately it looks as though DGTLF is no different.
At least it seems so far brokerages are properly tracking the 'current' price after HKD/USD exchange rate, though the 'last' price is all over the place. Perhaps it is getting thrown around by the pool of HK 329 shares set aside in DGTLF during these issuances, R/S splits, etc etc. We will see but hopefully by mid May the activity will settle down and the trading will be stable.
One can always hope.
GLTA
Any possible stock buy back is capped because of the by-laws. The level (percentage) of dilution (via issuances) can exceed any buy backs so its all just spinning of the gears, waste of time.
The pathetic explanation from management about the $10M upcoming issuance for a significant shareholder was that she sold out because of a March 20 article containing falsehoods. Well, ok, then let her buy back in, just put in a bid for stock, as usual, nothing fancy. Nope, of course not, instead we have to all get bumped to the side and suffer more dilution through issuances, so she can buy back in getting new shares at a discount, business as usual.
All the paper setup for the HK 329 and the DGTLF are via banks in the Cayman Islands so this trading on the sketchy Hang Seng and the extra sketchy grey market is beyond risky, it is borderline smoke and mirrors scammy. I no longer trust this management team, I dont care what patents they own, they obviously cannot run a business, they continue to dilute shareholders blind and I refuse to give another USD dollar or cent to this via subscription rights or issuances or whatever they are calling it; it is clear at this point that they are simply using the stock as their personal ATM piggy bank so I have written this off as a total loss. I will not be investing another dime in this and my suggestion for anyone else is to not spend fresh capital on the rights issuance. Every other month its a new issuance of some sort, so complex, it seems they wish to explain away where the real capital goes each year that is dumped into this company by shareholders. At some point, it all ends, and they need to actually get busy turning a profit. Fun and games are over. It does not mean I am selling, but I am not buying more and I have already assumed I lost the entire investment here as holding for years to come just means the stake dwindles into the dust and the forgotten past.
I also have all the time in the world for these shares to just sit collecting dust as a reminder to never invest in any micro cap ever again. Sad.
Good luck to all
Hmmm. They want to repurchase stock?
Given their track record I don't know if it's a good thing for them to be buying our stock back....
They aint very good at stock pickin'.... LOL
Sock it to me Dragonite !!!!! Altria, PM, J&J, big pharmers ? Whose going to court you next ?
Hmm... All this news and stock goes down
I wonder why...
Oh- I know
http://www.hkexnews.hk/listedco/listconews/sehk/2012/0426/LTN20120426286.pdf
as long as we stop having the MASSIVE LOSSES..
Then hell yeah I love this stock ???
But I still hear the train a comin' ...
Honestly, they could take us all out if they went and did the FDA thingy.... Which is what I think is coming next......
I think that's why Ruyan addressed that issue in the latest patent.... she's rollin round the bend...
Let us assume... (yes we've been shown to be asses more than once)
This is a license agreement not a one shot payoff.
Will they fight for a better agreement with the remaining defendants? Or will they seek to crush them and drive them out of business. Negotiations are, after all, behinds closed doors.
Ruyan has said they want to manufacture and be the luxury brand. Will they go after the mom and pops found the world or try to make deals. These advanced models have their own patent applications pending.
RJR et al have been pursuing like crazy as well. With Big Tobacco behind all these the US Congress and FDA are sure to be more amenable to e-cigs.
In a few short years look how far we've come and look how far we'll go.
Pogo said something about the enemy and it being us.
Yes and NJOY got 20 mil.....
Let's see if the chinese share suckers get the last say........ I'll either be riding this patent to the sun, or over a cliff....
Thanks for your opies. EcO.....
Much appreciated...
GLTA .......
This is not a threat to the business. Lorillard is jumping in with both feet. Two weeks ago NJOY secured a $20 million investment from a serious and prestigious private equity fund. These two events validate the business and the technology. But. the big tobacco companies will not touch a company that has patent litigation hanging over its head. This is critical- the Blu Cig settlement was a condition to this deal going down. This is good news for the industry and good news for Dragonite.
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Dragonite International, producer of "Ruyan E-Cigarette", is the inventor and sole owner of the patent for "Electronic Atomization Cigarette" in:
1. Chinese Patent Office in 2003
2. European Patent Office in 2007
3. US Patent and Trademark Office in 2010
Dragonite International is aggressively enforcing its rights and pursueing numerous patent infringement cases. This includes:
January 2011: Dragonite has filed patent infringement cases against most major US-based e-cigarette companies including Njoy, Blu, and Smoking Everywhere. Dragonite's US cases is represented by a top American Law firm. | Court Filing
May 2011: Update - 4 defendants have been officially summon to appear within 21 days.
June 2011: Update - US Court enters default judgement against Smoking Everywhere and Instead.
August 2011: Update - Dragonite files more complaint, and now suing nearly the entire US E-Cigarette industry, encompassing 6 more companies, including Janty and Intellicig.
August 2010: Dragonite has won court ruling on infringement case against Loong Totem E-Cigarette Science & Technology Co. Ltd. | Story
May 2009: Dragonite has won court ruling on infringement case against Shenzhen Islion Technology, an e-cigarette manufacturer in China. | Story
January 2009: Dragonite has won court ruling on infringement case against another e-cigarette manufacturer in China. | Story
-- Patent application approved in USA
The board of directors is also pleased to announce the approval of its patent application for the "electronic atomization cigarette" (commonly known as the "Electronic Cigarette" or "E-Cigarette") in the United States by the United States Patent and Trademark Office. [USPTO patent app. number 10/587,707]. The Company has many patents, however this patent constitutes the Company's core invention patent which covers all key components and functionality of the Electronic Cigarette including the battery, vaporization mechanism, activation switch, and flavor cartridge. The inventor of the Electronic Cigarette, and the "first named inventor" as stated on the above-referenced USPTO approved application is Mr. Hon Lik, an Executive Director and co-founder of the Company. Dragonite's core invention patent has already been granted in many major countries including all EU countries, Russia and the former Soviet republics, China, Malaysia, Taiwan, India, Mexico, Singapore, and Israel. As the USPTO is considered by many patent experts to represent the "gold standard" for patent legitimacy and validity, the Company is pleased with this news.
Commenting on the patent approval, Mr. Wong Yin Sen, Chairman of the Company, said, "As the inventor of the Electronic Cigarette, product quality has always been our top priority. This patent approval will help eliminate inferior product imitations and ensure high quality and safe products in global markets. We foresee a bright future for the Electronic Cigarette and Dragonite"
The Company has already won several patent infringement cases in mainland China and now has the resources to proactively defend its intellectual property rights in global markets.
SOURCE: Dragonite International Limited
Independent Research: E-Cigarette Health Report
by research firm Health New Zealand LTD
This report aims to assist regulators in initial assessment of the safety of the ® e-cigarette and its cartridges, and the possible risks and benefits from permitting Method. and commercial laboratories in New Zealand and Canada to independently performvarious tests on the Ruyan cigarette's nicotine refill cartridge.Health New Zealand Ltd contracted with seven leading government, university Findings. test results confirm this is the case. It is very safe relative to cigarettes, and also safe in absolute terms on all measurements we have applied. Using micro-electronics it vaporizes, separately for each puff, very small quantities of Ruyan® e-cigarette s designed to be a safe alternative to smoking. The various nicotine dissolved in propylene glycol fine aerosol. Each puff contains one third to one half the nicotine in a tobacco cigarette's puff. The cartridge liquid is acco-free and no combustion occurs. , two small well-known molecules with excellent safety profiles, - into a Competency. reports in national and international scientific medical journals since 1995, on smoking, and latterly on testing of cigarettes and cigarette substitutes.
By Dr. Murray Laugesen, an experienced New Zealand researcher on cigarettes and smoking policy. He has authored over 30 other research papers.
Product Summary
RUYAN electronic cigarettes, cigars and pipes and their associated replaceable cartridges provide the pleasures of smoking without the associated dangers. RUYAN products fully simulate the entire smoking experience and are far more appealing than any of the existing alternatives on the market. RUYAN products provide similar enjoyment of smoking without tar and carbon monoxide and the other dangerous substances that are released in the burning of tobacco.
RUYAN was deemed one of the best 10 business ideas of 2007 by Business 2.0 Magazine in August, 2007.
Our latest products, RUYAN Vegas® and RUYAN e-Gar®, look and feel like real cigars and reinforce RUYAN's development in fast-moving consumer goods. These products offer a new opportunity to retailers, bars, restaurants and other businesses, to take advantage of the new smoking-bans. With their competitive price-points and other appealing features, partners have sensed the opportunity in RUYAN Vegas® and RUYAN e-Gar®, and sales are ramping up quickly.
Ruyan is the original inventor of the e-cigarette and has registered 10 patents around the world. Ruyan began to form the idea for the electronic cigarette in 2000. In 2003, SBT was established, and the first patent was registered in the same year in China. The company has conducted safety tests (including those for toxicology) in both developed economies and in China, and the results have all shown that Ruyan products are safe under normal use.
To date, Ruyan has sold more than one million units of electronic cigarettes through our partners in North America, the United Kingdom and Ireland, the Benelux, Turkey, Australia/New Zealand, Korea, Israel, Romania and here in China.
Corporate Summary
Golden Dragon Group (Holdings) Limited (Stock Code: 0329) has been listed on the Main Board of the Stock Exchange of Hong Kong Limited since April 2001 and changed the company name as "Ruyan Group (Holdings) Limited" on November 2007. The Group is principally engaged in the production and sale of health care products, pharmaceutical products and electronic cigarettes. The Group also researches and develops a series of other healthcare and pharmaceutical products for future production.On June 2007, the Group has acquired entire shareholding of Best Partners Worldwide Limited (currently known as "SBT Investment (Holdings) Limited"), which engaged in the manufacturing and sales of electronic atomizing cigarettes. The Group takes an active position in developing the domestic and overseas markets under the brand name of "Ruyan" it will greatly expand the scope of business and enhance the long term development of the Group.
Ruyan Group (Holdings) Limited is an investment holding company. The Company and its subsidiaries are principally engaged in production and sales of a series of health care products, pharmaceutical products and RUYAN atomizing cigarettes. The Company has three business segments: health care products, pharmaceutical products and Ruyan atomizing cigarettes. The Company's subsidiaries include Chenlong Group Limited, Jian New Wellon Ginseng Industry Co., Ltd., New Wellon Limited, Shenyang Chenlong Longevity Ginseng Company Limited, Shenyang Jinlong Health Care Products Company, Success Century Holding Limited and Ruyan Group (Hong Kong) Limited.
World Wide headquarter and Sales Address: 11F Xincheng Commercial Building, | Hong Kong Administrative Address: 15/F, Hong Kong and Macau Building |
Interim Earning Report 2010 | Capital Reorganization Document | http://www.bloomberg.com/quote/2995:HK | HK0329 News
Pantent Infringement Cases Pending.
Complaint for U.S. patent infringement Jan. 14, 2011
Additional Complaint added Defendent Sottera Inc. maker of NJOY. Jan 24, 2011
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