Sino Assurance Inc. (fka SNAS)

[ncj167]

LOL.. thoze pps are gone, now volume is needed.

GLTY

[ronshappy]

now aren't you happy? I'm trying to get in and see I cant.. Wanna sell me some shares @ .05?

good luck and great find.

[ncj167]

Little volume and we see $$$$

[jmurfk]

Alot better than the .05/.08 a few weeks ago.

[ncj167]

Nice day.. Wish I would have bought more ;)

[jmurfk]

Hope you grabbed a few under .10. FY10 earnings are out at .08 EPS, with guidance for 2011 at .16-.17 EPS. .25/.50 now.

[ncj167]

going to grab a few in the AM

[jmurfk]

.056/.08 now. Grabbed a few here.

[jmurfk]

Hopefully those .15s on ask stay up for a bit.

[jmurfk]

Net income before tax for the nine months ended September 30, 2010 was $3,613,345 compared to $848,449 for the same period in 2009, an increase in pre-tax net income of $2,764,896, or approximately 326%. The increase in pre-tax net income was a result of the fact that we tightened control of our selling, general and administrative expenses during the period, and also employed more agents to promote our guarantee business which resulted in an increase in guarantee fee income from bank referrals.


Net income before tax for the three months ended September 30, 2010 was $1,613,223 compared to $659,331 for the same period in 2009, an increase in pre-tax income of $953,892, or approximately 145%. The increase in pre-tax net income was a result of the fact that we tightened control of our selling, general and administrative expenses during the period, and also employed more agents to promote our guarantee business which resulted in an increase in guarantee fee income from bank referrals.

[jmurfk]

From the last Q. Nice to see this statement every once and a while, as opposed to the going concern disclaimer.

We believe our existing cash, cash equivalents, and cash provided by operating activities will be sufficient to meet our working capital and capital expenditure needs over the next twelve months. Our future capital requirements will depend on many factors, including our rate of revenue growth, the expansion of our marketing and sales activities, the expansion of our operating capacity, and the continuing market acceptance of our services.

[jmurfk]

Caught it on a scan near the close. Dropped big on 90k shares for no apparent reason. Company looks solid with .02 EPS last quarterly. Looks like one of those quiet, profitable companies that just dropped cause someone wanted out, and the bid support wasn't there.

[ncj167]

WOW.. What happened here?

[jmurfk]

60 mil OS, that has been unchanged for quite some time.

[jmurfk]

Last Q shows 8 mil in stockholder equity, 3 mil in revs, and .02 EPS on the quarter.

[jmurfk]

Big drop today, on low volume, for no apparent reason.