Rodobo International, Inc.(fka RDBO)

[Renee]

RDBO revoked:

http://www.sec.gov/litigation/admin/2014/34-72734.pdf

[Renee]

RDBO SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-72200.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-72200-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-72201.pdf

[The Mexican]

NEW ARTICLE
http://seekingalpha.com/article/254058-chinese-dairy-market-looks-promising

[The Mexican]

For The Three Months Ended December 31
2009 2008


Net sales $ 10,075,445 $ 8,860,825
Cost of goods sold 4,780,299 4,357,117

Gross profit 5,295,146 4,503,708

Operating expenses:
Distribution expenses 2,586,173 2,119,352
General and administrative expenses 607,215 388,682
Depreciation and amortization expenses 115,665 42,450

Total operating expenses 3,309,053 2,550,484

Operating income 1,986,094 1,953,224

Subsidy income 273,897 -
Other income 2,390 (80,618 )

Income before income taxes 2,262,381 1,872,604

Provision for income taxes - -

Net income $ 2,262,381 $ 1,872,604

Other comprehensive income:
Foreign currency translation adjustment (2,184 ) (39,780 )

Comprehensive income $ 2,260,197 $ 1,832,824

Earnings per share
Basic $ 0.15 $ 1.30
Diluted $ 0.13 $ 0.12

Weighted average shares outstanding
Basic 15,212,690 1,435,568
Diluted 16,914,508 15,196,717

Next quarter the acquisitions of the other dairy companies will be included in the figures. I guess post acquisition outstanding shares would be around 27.000.000. But they will add also for 30.000.000 net value to their balancesheet and maybe an triple increase of sales. I am still confident that there is a lot of upside potential for this stock. The right IR and presentation of this company, but also an uplisting could be a doubling in shareprice in the nearby future (< 1 year).

[The Mexican]

Rodobo International, Inc. Completes Acquisitions of three Chinese Dairy Companies Which will Expand the Company's Production Capacity From 200 Tons to 1,200 Tons Per Day

HARBIN, China, Feb 08, 2010 /PRNewswire via COMTEX News Network/ -- Rodobo International, Inc. (OTC Bulletin Board: RDBO) announced its completion of the acquisition of three dairy companies in the People's Republic of China (the "Acquisitions"), through the mergers of Ewenkeqi Beixue Dairy Co, Ltd ("Ewenkeqi Beixue"), Hulunbeier Beixue Dairy Co., Ltd ("Hulunbeier Beixue"), and Hulunbeier Hailaer Beixue Dairy Factory ("Hulunbeier Hailaer Beixue"), hereinafter collectively referred to as "Beixue Group", into the Company's wholly owned subsidiary Tengshun Technology and Development Co., Ltd. ("Tengshun Tech"). After the Acquisitions, Rodobo's daily processing capacity of raw milk is expected to increase by five folds, from the current 200 tons per day, to about 1,200 tons per day.

Pursuant to the Equity Transfer Agreements entered into on February 5, 2010, the Company paid RMB2,100,000 in cash and issued 10,600,000 shares of the Company's common stock (the "Common Stock") and 2,000,000 shares of Series A Preferred Stock in exchange for 100% of the equity interest in Beixue Group composed of Ewenkeqi Beixue, Hulunbeier Beixue and Hulunbeier Hailaer Beixue. Based on independent valuation reports issued by Beijing Haohai Tongfang Assets Appraisal Co., Ltd, dated as of February 4, 2010, Beixue Group has a total net asset value of over USD 30 million.

"We are extremely happy to complete the acquisition of Beixue Group," said Mr. Yanbin Wang, Chairman and CEO of Rodobo, "It is an exciting milestone for the long-term growth strategy of Rodobo. We believe this synergic acquisition will enable us to further consolidate our safe, secure and sustainable milk supply to keep pace with the growing demand of our milk powder products for the Chinese consumer. We expect that this acquisition will increase our distribution channels as well as production capacity." Mr. Wang concluded, "We view the acquisition of Beixue Group as a major opportunity to expand our brand and make further inroads into the milk product market in China."

[The Mexican]

China's Rodobo to Expand Raw Milk Processing Capacity
Source: Rodobo International, Inc.
08/02/2010

Feb. 8 /- Rodobo International, Inc. announced its completion of the acquisition of three dairy companies in the People's Republic of China, through the mergers of Ewenkeqi Beixue Dairy Co, Ltd, Hulunbeier Beixue Dairy Co., Ltd, and Hulunbeier Hailaer Beixue Dairy Factory, hereinafter collectively referred to as "Beixue Group", into the Company's wholly owned subsidiary Tengshun Technology and Development Co., Ltd.

After the Acquisitions, Rodobo's daily processing capacity of raw milk is expected to increase by five folds, from the current 200 tons per day, to about 1,200 tons per day.

Pursuant to the Equity Transfer Agreements entered into on February 5, 2010, the Company paid RMB2,100,000 in cash and issued 10,600,000 shares of the Company's common stock (the "Common Stock") and 2,000,000 shares of Series A Preferred Stock in exchange for 100% of the equity interest in Beixue Group composed of Ewenkeqi Beixue, Hulunbeier Beixue and Hulunbeier Hailaer Beixue. Based on independent valuation reports issued by Beijing Haohai Tongfang Assets Appraisal Co., Ltd, dated as of February 4, 2010, Beixue Group has a total net asset value of over USD 30 million.

"We are extremely happy to complete the acquisition of Beixue Group," said Mr. Yanbin Wang, Chairman and CEO of Rodobo, "It is an exciting milestone for the long-term growth strategy of Rodobo. We believe this synergic acquisition will enable us to further consolidate our safe, secure and sustainable milk supply to keep pace with the growing demand of our milk powder products for the Chinese consumer. We expect that this acquisition will increase our distribution channels as well as production capacity." Mr. Wang concluded, "We view the acquisition of Beixue Group as a major opportunity to expand our brand and make further inroads into the milk product market in China."

Complete information regarding the acquisitions will be disclosed in the Current Report on Form 8-K to be filed by Rodobo with the Securities and Exchange Commission.

[The Mexican]

Finally some sign of life. They have their own English website:

www.rodobo.com

At these rockbottom prices it is interesting to buy some. The only disadvantage is the liquidity in the stock and the bid/ask is rather high IMO.

If nothing strange happens with their business model this stock could be around $7-8 in some years.

[morokoy]

RDBO - SIAF

For a quick snapshot on RDBO, I used the figures at GeoInvesting, Quote.
RDBO = $5.00 shares 15M, and based on cash requirements below, that price may well drop significantly. No room for R/S?
SIAF = $0.81 shares 53M, so there is lots of room for an R/S, however, their cow increase was just paid for, and accordingly, will unfortunately not become CASH cows, until 2013.
Seems like SAIF may be the more attractive, long term, if you have SPARE cash to invest now, because as of today, they both look the same as a 0.75% 4yr bank CD.

As of March 31, 2009, Mega Profit Agriculture made a total down payment of RMB 84,830,400 (approximately US$12,413,666) to acquire land, buildings and equipment from various parties. The remaining contract amount totals RMB 63,805,485 (approximately US$9,336,983). As of March 31, 2009, Harbin Rodobo also made down payment of $1,024,346 to purchase certain equipment.

[morokoy]

October 7, 2008.
Headquartered in Harbin, Heilongjiang Province, Rodobo is one of the largest private companies in the fast growing dairy industry in China. It currently operates a production facility with milk processing capacity of 200 tons per day in Qinggang County in Northeast China, producing high-quality dairy based nutritional products for infants, children, pregnant women, nursing mothers and other adults.

My commenmt = Therefore, at that time annual capacity on a 260 day year, would have been 52,000 tons. Since however, I guess the cows gotta be milked every day, we could be looking at 73,000 tons, 1 year ago.

5/18/2009
Currently, Rodobo International is building its own organic dairy farm that will meet international standards and include top technology equipment".

"We focus on providing high quality premium products for all our consumers and the construction of our dairy farm demonstrates the Company's dedication to this vision. We expect that our new and advanced dairy farm will start operating towards the end of fiscal 2009 and this will give us a tremendous competitive advantage in terms of high quality raw milk resources. Being certified as "Green Food" and winning the lucrative prize: Best Quality Control Enterprise of Dairy Products for 2008, reinforces our leading position in the market and we believe that it will be reflected in our financial results".

Here is a comparison with SAIF.

ZhungXing Cattle Husbandry Co. Ltd. to Add 1,800 Head of Cattle Increasing Dairy Production Output up to 23%
GUANGZHOU, China, Nov 04, 2009 (BUSINESS WIRE) -- Sino Agro Food, Inc. (Pink Sheet: SIAF), an emerging integrated, diversified agriculture technology and organic food company with subsidiaries operating in China, is pleased to announce the Company's 78% owned subsidiary ZhungXing Cattle Husbandry Co. Ltd. has paid the required deposit to import 1,800 head of cattle from Uruguay. The shipment is scheduled for delivery February 2010.

The Company currently has 3,500 milking cows in production, 1,400 milking cows on standby, 1,200 in nursery and 880 beef cattle. This latest shipment will bring the total cattle and milking herd to over 8,700. This will represent a 23% increase in dairy production capabilities.

Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, "By importing quality cattle from Uruguay, the imported cattle will be used to breed a more productive herd. The breeding cycle takes up to three years, by which time we expect to increase our production from 6.89 tons of milk per cow to 8.5 tons by 2013. This will allow us to increase production while maintaining the same unit cost of production thereby increasing both our gross and net profits."

My comment = So if we assume SAIF will have 8,000 milking cows in 2013 that would be 68,000 tons. I think the problem lies in Rodobo getting listed just when the melamine scandal started.

[morokoy]

7. DEPOSITS ON LAND AND EQUIPMENT

As of March 31, 2009, Mega Profit Agriculture made a total down payment of RMB 84,830,400 (approximately US$12,413,666) to acquire land, buildings and equipment from various parties. The remaining contract amount totals RMB 63,805,485 (approximately US$9,336,983). As of March 31, 2009, Harbin Rodobo also made down payment of $1,024,346 to purchase certain equipment.

[solarity]

Good question. Perhaps it has to do with the definition of "Weighted average number of common shares outstanding" during the quarter ending June 30, 2009. They made changes to the share capital in both April and May and maybe used some kind of "average" count. Pure speculation on my part. I ain't no bean counter and now my head hurts.

[lostmyballs]

Why did they use only 9.5 fully diluted when figuring june 30 eps when the filing shows 15.1 as total outstanding at that date....i read through and understand the about the preferred now common, but something doesnt add up

http://moneycentral.msn.com/investor/sec/filing.asp?Symbol=RDBO

[solarity]

RBDO is not dead yet! At $3.32 I don't think it is overpriced. From their latest 10K:

We are one of the largest non-state-owned dairy companies in China, ranking in the top 10% of the industry. Our industry niche is the dairy-based nutritional products market. Our operations include production, marketing, research and development, packaging and the management of raw milk resources. Our target market is comprised of infants, children, pregnant women, nursing mothers and other adults. Our revenues are derived solely from sales of our products.

On September 30, 2008, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") among its wholly owned acquisition subsidiary, Rodobo International, Inc., a Nevada corporation, Mega Profit Limited ("Mega") and shareholders of Mega. Pursuant to the Merger Agreement, Navstar Media Holdings, Inc. acquired 100% ownership interest in Mega, which owned 100% of Harbin Rodobo Dairy Co., Ltd. ("Harbin Rodobo"). At the closing, the Company acquired all of the issued and outstanding capital stock of Mega from Mega's shareholders in exchange for shares of common stock and shares of convertible preferred stock, which upon conversion of the preferred stock into common stock equal approximately 93% of the issued and outstanding shares of common stock of the Company (the "Merger"). Concurrently with the Merger, the Company changed its name to "Rodobo International, Inc.".

In connection with the Merger, 10,293,359 shares of common stock issued to former employees of Rodobo and shareholders of prior subsidiaries were cancelled. Per agreements with certain convertible note holders holding collectively $1,000,000 original face value of the convertible notes ("Notes"), all Notes were suspended and on May 12, 2009 have been converted into 452,830 shares of our common stock along with a conversion of an additional pre-Merger bridge loan note into 152,003 shares of our common stock and the conversion of our shares of convertible preferred stock into 12,976,316 of our common stock.

Effective on November 12, 2008, we effected a reverse stock split of 37.4 to 1 and effective on April 2, 2009 we increased our authorized share capital from 16,604,278 shares, consisting of 1,604,278 shares of common stock, par value $0.001 and 15,000,000 shares of preferred stock, par value $0.001, to 230,000,000 authorized shares, consisting of 200,000,000 shares of common stock par value $0.0001, and 30,000,000 shares of preferred stock, par value $0.0001.

[di4]

Rodobo International, Inc. Reports Q2 and First Half of 2009
Net income of $3.1M, up 77% compared to the first six months in 2008
May 18, 2009 8:00:00 AM


Email Story Discuss on ZenoBank

View Additional ProfilesHARBIN, China, May 18 /PRNewswire-Asia-FirstCall/ -- Rodobo International, Inc. (OTC Bulletin Board: RDBO), one of the leading independent dairy companies in China, reported financial results for the second quarter and first six months ended March 31, 2009.

Second quarter financial highlights include:

Revenue for the second quarter ended March 31, 2009 was $6.3 million, an increase of 19% compared to Q2 2008. This increase was primarily driven by volume growth, with average selling price remaining flat over both periods. The new product series "Healthy Elderly", launched in October 2008, attributed approximately $1.1 million to the second quarter.

Sales of Whole Milk Powder Formula represented 39% of total sales in Q2 2009 compared to 27% in Q2 2008. Sales of Baby/Infant Formula represented 44% of total sales in Q2 2009 compared to 61% in Q2 2008. Sales of Adult Formula represented 17% of total sales in Q2 2009 compared to 12% in Q2 2008.

Gross profit for Q2 2009 was $2.3 million, down 4% compared to Q2 2008. The overall gross margin decreased from 45% in Q2 2008 to 36% in Q2 2009. The increase in the costs of goods sold and the decrease in gross margin was mainly driven by a different product mix that included more sales of lower margin products. Additionally, gross margin for Whole Milk Powder Formula decreased in 2009 compared to 2008 due to a 24% increase in the cost of raw milk.

Operating income in the first three months ended March 31, 2009 was $0.74 million, decrease of 34% compared to the same period last year. The decrease is mainly attributed to higher depreciation expenses due to equipment purchase and advertising expenses to support the growth.

Net income was $1.2 million relatively flat compared to Q2 2008.

Six months financial highlights include:

Revenue for the first half ended March 31, 2009 was $15.2 million, an increase of 63% compared to the first six months in 2008. The growth was primarily driven by higher volume sales and was also attributable to the launch of the new product line "Healthy Elderly". Sales for "Healthy Elderly" generated approximately $3 million in the period.

Sales of Whole Milk Powder Formula represented 31% of total sales compared to 39% in the six months ended March 31, 2008. Sales of Baby/Infant Formula represented 49% compared to 50% in the same period last year. The launch of the "Healthy Elderly" product line generated $3 million in the six months ended March 31, 2009, representing 20% of total sales.

Gross profit for the first six months of fiscal 2009 was $6.8 million, up 88% compared to the same period last year. The overall gross margin improved from 39% in 2008 to 45% in 2009. The improvement was mainly driven by the shift from low-margin products including Whole Milk Powder Formula to high- margin products including Healthy Elderly. The gross margin for "Healthy Elderly" was 53% for the first six months ended March 31, 2009 and the Baby/Infant Formula gross margin increased from 45% to 60%.

Operating income in the first six months was $2.7 million up 66% compared to $1.6 million in the same period last year.

Net income grew 77% to $3.1 million compared with $1.7 million for the six months ended March 31, 2008. This increase in net income was mainly attributable to the growth in sales, partially offset by an increase in cost of goods sold and operating expenses. This increase in net income was also attributable to an increase of subsidiary income from government support funds, from $0.09 million for the six months ended March 31, 2008 to $0.44 million for the six months ending March 31, 2009.

Mr Yanbin Wang stated: "During the first six months of our fiscal year, Rodobo International has experienced an impressive growth in revenues and earnings. This trend slowed down during the second quarter. We keep developing distribution networks and we're currently covering 4,463 retail stores in 6 provinces: Sichuan, Shaanxi, Henan, Shandong, Zhejiang and Fujian. The Company provides training and support to its growing sales and marketing team that includes: 2,320 employees. Currently, Rodobo International is building its own organic dairy farm that will meet international standards and include top technology equipment".

"We focus on providing high quality premium products for all our consumers and the construction of our dairy farm demonstrates the Company's dedication to this vision. We expect that our new and advanced dairy farm will start operating towards the end of fiscal 2009 and this will give us a tremendous competitive advantage in terms of high quality raw milk resources. Being certified as "Green Food" and winning the lucrative prize: Best Quality Control Enterprise of Dairy Products for 2008, reinforces our leading position in the market and we believe that it will be reflected in our financial results".

About Rodobo International, Inc.:

Rodobo International is one of the leading independent dairy companies in China. Through its wholly-owned operating subsidiary, Rodobo International, Inc. is a producer and distributor of high-quality formula milk powder products for infants, children, pregnant women, nursing mothers, middle aged and the elderly in the People's Republic of China. The Company's products are sold under the brand name "Rodobo" and are produced in cutting edge facilities using the highest industry standards and the best quality control systems.

Safe Harbor Statement

This press release contains forward-looking statements. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Forward- looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. For example, when we say that our own organic dairy farm will meet international standards and include top technology equipment, or that we focus on providing high quality premium products for all our consumers and the construction of our dairy farm demonstrates our dedication to this vision, or that we expect that our new and advanced dairy farm will start operating towards the end of fiscal 2009 and this will give us a tremendous competitive advantage in terms of high quality raw milk resources or that being certified as "Green Food" and winning the lucrative prize: Best Quality Control Enterprise of Dairy Products for 2008, reinforces our leading position in the market and we believe that it will be reflected in our financial results, we are using forward looking statements. These forward-looking statements are based on the current expectations of the management of Rodobo only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: failure to obtain required regulatory approvals; risks associated with the effect of changing economic conditions and/or regulatory environment in the People's Republic of China; variations in cash flow; reliance on collaborative partners and on new product development; variations in new product development; risks associated with rapid technological change and the potential of introduced or undetected flaws and defects in products; changes in technology and market requirements; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Rodobo to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Rodobo undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Rodobo, reference is made to Part I, Item 1A, "Risk Factors" of Rodobo's Annual Report on Form 10-K for the fiscal year ended September 30, 2008 and to other reports filed from time to time by Rodobo with the Securities and Exchange Commission.

Table to follow:



RODOBO INTERNATIONAL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE
INCOME
FOR THE SIX AND THREE MONTHS ENDED MARCH 31, 2009 AND 2008
(UNAUDITED)

Three Months Ended Six Months Ended
March 31 March 31
2009 2008 2009 2008
Net sales $6,303,017 $5,285,705 $5,163,842 $9,318,958

Cost of goods sold 4,026,269 2,905,871 8,383,386 5,720,074

Gross profit 2,276,748 2,379,834 6,780,456 3,598,884

Operating expenses:
Distribution expenses 1,105,652 1,059,918 3,225,004 1,610,320
General and
administrative
expenses 337,217 182,149 725,899 344,753
Depreciation and
amortization
expenses 90,259 11,453 132,709 19,219

Total
operating
expenses 1,533,128 1,253,521 4,083,612 1,974,293


Operating income 743,620 1,126,314 2,696,844 1,624,592


Subsidy income 438,730 -- 438,730 94,187
Other (expenses) income 14,768 7,465 (65,850) 11,356

Income before income taxes 1,197,119 1,133,779 3,069,724 1,730,135

Provision for income taxes -- -- -- --

Net income $1,197,119 $1,133,779 $3,069,724 $1,730,135

Other comprehensive income:
Foreign currency
translation
adjustment (25,774) 210,569 (65,554) 320,874

Comprehensive income $1,171,345 $1,344,348 $3,004,170 $2,051,009



RODOBO INTERNATIONAL, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS

March 31, September 30,
2009 2008
(Unaudited) (Audited)

ASSETS
Current assets:
Cash and cash equivalents $904,360 $659,030
Accounts receivable - net of allowance
for bad debts of $66,602 and $66,921,
respectively 2,136,392 1,143,328
Advances to employees 6,399 185,500
Other receivables -- 162,006
Inventories 1,125,606 991,536
Prepaid expenses 43,993 26,510
Total current assets 4,216,750 3,167,910
Property, plant and equipment, net:
Fixed assets, net of accumulated
depreciation 885,307 812,079
Construction in progress -- 148,240
885,307 960,319

Other assets:
Loan to related parties 1,185,062 --
Interests receivable 13,964 --
Deposits on land and equipment 13,438,012 10,873,562
Intangible assets, net 676,800 717,978

Total other assets 15,313,838 11,591,540

Total assets $20,415,895 $15,719,769

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $1,376,328 $2,165,061
Other payable -- 171,286
Accrued expenses 571,756 924,580
Advance from customers -- 1,162,184
Due to related party -- 18,079

Total current liabilities 1,948,084 4,441,189

Shareholders' equity
Convertible preferred stock, $0.001 par
value, 15,000,000 shares authorized
12,976,316 shares issued and
outstanding as of March 31, 2009 and
September 30, 2008 12,976 12,976
Common stock, $0.001 par value,
1,604,278 shares authorized,
1,435,568 shares issued and
outstanding as of March 31, 2009
and September 30, 2008 1,436 1,436
Additional paid in capital 5,115,690 3,930,628
Additional paid in capital - warrants 971,788 971,788
Subscription receivable (50,000) (3,050,000)
Retained earnings 11,593,991 8,524,267
Accumulated other comprehensive income 821,930 887,484

Total shareholders' equity 18,467,811 11,278,579

Total liabilities and
shareholders' equity $20,415,895 $15,719,769



For more information, please contact:

Miri Segal
MS-IR LLC
Tel: [phone]
Email: [e-mail]

Xiuzhen Qiao
Rodobo International Inc
Tel: [phone]
Email: [e-mail]
SOURCE Rodobo International, Inc.



----------------------------------------------
Miri Segal of MS-IR LLC
[phone]
or [e-mail]; Or Xiuzhen Qiao of Rodobo International Inc
[phone]
or [e-mail]

[ThinkingMan3000]

Navstar's Shareholders are in Desparate Need of an Update.
So far, it is apparent from the SEC documents that these guys were not exactly "in like Flynn" with Chinese government authorities. From what I can tell, the company will not become the QVC of China. And the Beijing government seems to have hurt the outdoor advt. effort.

Good job, guys. Now what? Does this company know what it wants to do? What is the precise intention with this merge deal with the Leewell Investments real estate firm that was mentioned in the SEC doc? Shouldn't you all fill in your shareholders with details of this?

Just one more thing: Wasn't/isn't there any attempt to secure the now apparently dormant domain, Navstar.com? In this day and age, even children can have an Internet presence. So what sort of entertainment comapany does not even have its own web site?

You guys have a lot of explaining to do.

[traderdogzz]

nice thanks...

[Tjnico]

Nice China Play, along w/SNYL.

[traderdogzz]

NVMH nice long term play.... do your DD on this issue