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A reverse split is not a for-sure thing. Yet. We have until January to get above $1.
Yeah seems tough to make money with these - The reverse slit kills everyone
No one wants to buy this pos. Cao and co ruined the shell with dilution. Those incompetent morons would sell this pos lol what a nightmare chinese stocks are so dumb
That would be nice. I am not sure what the price or value is.
Somebody is gobbling up all the shares around .70
Those are some bad investors. This is toast. There wont be a trade deal china will wait it out
The only thing I liked about the report was that 2 investors bought shares at $1.50.(which is near my average purchase).
And shipping stocks usually make a run in the next few months.
I don't like r/s either. But I am trying to look at it this way: a r/s would give it a very small float.
I wouldnt complain if this was at least holding a dollar but it is down and clock is ticking. This is nasdaq dammit. I dont even think a trade deal can help this company but at least they arent drowned in debt. Manageable debt, company is ok but the stock clearly bad shape and looking at RS
Just another nasdaq scam that belongs in otc, all incompetent loser chinese scams belong in otc
No it wont. Chinese companies are incompetent. cao is a pos lowlife scammer
You're right. I'm out. It will probably sky rocket now... Lol
No offense but wrong again. This worthless piece of shit scam will never do anything productive. Fuck sino
According to my calculations, revenue was only $2 million for the fourth quarter(vs $20 million in the 3rd quarter). What a mess and no true direction. Kinda throwing mud against the wall hoping something will stick. They talk a big game, but can't seem to make money.
I'm betting huge on a 5 year downward wedge breakout. I've been wrong before. But I like the risk reward here. I would add huge on any major price drop
Do you think they will make money this quarter?
So did robinhood wtf
Ameritrade says earnings release today. 10k.
I have added also, but at a slower pace.
shes onfire $0.79 today added 15k shares
TIME TO LOAD UP. I HAVE 20K GONNA BUY MORE ON MONDAY. HUGE SKY ROCKET COMING
Third Quarter 2019 Highlights
Sales in the three months ended March 31, 2019 increased by $17,572,969 or 337.9%, from $5,220,170 for the three months ended March 31, 2018, to $22,773,139. The increase was mainly due to the fact that we continued to expand our freight logistics segment through continuing co-operations with our major customers. Revenue from the freight logistics segment increased approximately $18.0 million or 503.8% compared to the same period in fiscal year 2018.
During the quarter ended March 31, 2019, we generated approximately $1.0 million in revenue from providing shipping agency services. We transitioned back into the shipping agency business in the second quarter of 2019 since we have an integrated online logistics platform that allows us to handle a wider base of customers in China and ports throughout the world.
On January 1, 2019, the Company signed a shipment service agreement with Chongqing Iron and Steel Company (“Chongqing Iron and Steel”) which engaged the Company to ship one million tons of iron ore and coal to the designated port of Chongqing with service period from January 1, 2019 to December 31, 2019. This business relationship will further enhance and develop our freight logistics business.
In for 20k shares. .72 avg going to $1.60+ by the end of the month! Don't miss the boat!
I'm in and with you. They are doing good things. Trading now at half book value.
low float CHINESE SHIPPING SLEEPER KNOWN TO SKY ROCKET IN OCTOBER REVENUES HAVE MORE THAN DOUBLED YOY TO 22 MILLION!!!!!!!!!!! CAN HIT $6.00 EASILY WITH THIS LOW FLOAT AND HIGH INSIDER OWNERSHIP
TECHNICALS ARE ABOUT TO SKY ROCKET THIS LOW FLOATER! LAST CHANCE TO GET IN BEFORE HUGE GAINS!
"Form D is a filing with the Securities and Exchange Commission (SEC) that allows companies under a Regulation D exemption or Section 4(6) exemption to offer stock to finance their businesses without going through the IPO process and selling stock to the public."
Someone has given sino some money in exchange for stock, but the company or investor doesn't want us to know who it is.
Piece of shit incompetent chinese business morons. Theyre running it down for rs Fuck them, fuck lei cao. 15million float isnt low enough for these worthless chinamen
Did anyone notice that equity was $18m in February 10q and was $22m in Mayq?
2019 will be sino's year. Buy when things look bleak and others are selling.
Sea container traffic declined significantly in LA and Long Beach. Steven Hansen (Econintersect), as we expect him to, looks at the data from a variety of interesting perspectives. Because it is a noisy series, he prefers 3-month rolling averages. He concludes that “it was a terrible month…This is the first dataset I have seen which could be a self-inflicted wound from the trade wars.”
P, that's the hope but it doesn't "signal" anything. Many hundreds if not thousands of cos. have historically issued warrants that were never exercised and expired b/c the pps never reached that high.
What not infrequently happens is that if the co. is struggling for cash, and the pps is too low, the co. will get the board of directors to lower the exercise price of the warrants.
Because I "value" your opinion: Why in the latest filing, are all warrants owners listed, ready to buy at $1.75, when the price is less than $1 now?
Doesn't that signal it will be above $1.75 in the future?
Thank you. You are a good man.
I keep hoping for all shareholders' sake that SINO's many partnerships hit some big home runs for them and this co. can get back to continuing its turnaround story into great profitability.
Advance was to Baosteel. Not a bad customer to have. They also RECEIVED $1 million from a new customer's president for some restricted shares.
The big problem is that SINO is posting bigger losses and now is almost out of cash-- under $1M in this last report. Which means more dilution, i assume? And they've already diluted shareholders by 30% in the last year, going from around 10M to 13M shares.
I was happy to read in the fine print in the 10-Q that they got their money back and a small gain from that Peralta Malaysian steel project with Zhang.
But it looks like they're having to put up cash advances for other partnerships, no? I didn't have time or inclination to read through everything since it's been over a year since i've been in the stock.
It happens. Still a good entry point.
Terrible quarter. It's a little late to admit, but boy did I make a mistake.
So you're all in?
Earnings surprise 11/14 before market opens.
Retest 1.26 Then IM ALL IN promise!!! LOL Watching for Entry!!!
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2001 | 38 | |||||
Founded | Employees |
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Name | Title | Compensation | Officer since | ||
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| LeiCao | Chief Executive Officer and Director | 181.32k USD | | 2001 |
Mr. Lei Cao is Chief Executive Officer and Director of Sino-Global Shipping America, Ltd. Mr. Cao founded Sino-Global Shipping Agency Ltd. ("Sino-China") in 2001 and has been the Chief Executive Officer since that time. Mr. Cao has been Chief Executive officer of company since its formation. Prior to founding Sino-China, Mr. Cao was a Chief Representative of Wagenborg-Lagenduk Scheepvaart BV, Holland, from 1992 - 1993, Director of the Penavico-Beijing's shipping agency from 1987 through 1992, and a seaman for Cosco-Hong Kong from 1984 through 1987. Mr. Cao received his EMBA degree in 2009 from Shanghai Jiao Tong University. Mr. Cao was chosen as a director because he is the founder of the company. | |||||
| Tuo Pan | Chief Financial Officer, Director | 110.79k USD | | |
| Zhi KangHuang | Chief Operating Officer | | | |
| Tieliang Liu | Independent Director | -- | | |
| Ming Zhu | Independent Director | -- | | |
| JingWang | Independent Director | -- | | |
Average volume | 117.6K |
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Shares outstanding | 10.1m |
Free float | 5.57m |
P/E (TTM) | 8.86 |
Market cap | 29.9m USD |
EPS (TTM) | $.35 USD |
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