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Hi Euro, SFBE is moving up, but it seems that Slojab knows something we don't. I'm relatively new at trading penny stocks, but I have already learned that it can be full of trickery and deceit.
I hope SFBE is going to give us good profits, but I'm open to benefitting from the more experienced traders. We don't want to get ripped off in our exuberance!
SD
The first I heard about Dan McKinney was through a friend who invested in ASPZ. He got a tip from someone he knew who had known Dan McKinney's father. Dan had given some large donations to a Christian organization and apparently was a successful businessman in Asia. ASPZ was setting up to own half of a casino in Macau. Saw the pictures of the hotel and casino, etc. A previous stock tip from this guy yielded great profits for my friend. He figured Dan must know what he's doing, since he was educated in China, speaks the language, and already had run successful businesses in Asia. I researched the casino business in Macau, the increasing spending ability of young people in China, etc. Based on my friend's previous success and how much he was investing, I invested in ASPZ, my first penny stock.
I am really getting into the penny stock trading, even though ASPZ has gone nowhere but down! In researching about Dan McKinney last year, I found that he was the head of SFBE and wanted to get into establishing a fiber optic network in China. I thought it could really do well if the government allowed it to. Then SFBE got involved in some bio business in Mongolia. And now this "Green" business. I don't know what's happening with the Fiber Optic network now.
During this time, I saw that Dan got involved with ELRE and watched from the sidelines as it went up to about $9.00. I missed that ride. It's also way down.
Is he just taking salaries from these companies and then flitting off to something else?
Sorry for the long reply. I haven't thought about any of this lately. When I saw SFBE moving up, I thought maybe something was finally getting accomplished.
I'm still learning about trading the pennies. Still pretty much of a newbie, but I'm having a blast in "Pinkie Land."
SD
What do you like about it?
Better question is what do you KNOW about it?
You don't know the SS. You don't know their current operations. Or their financial situation. They went totally dark in 2008. Their website has gone from sketchy to worthless. The IR guy is a joke. His website has old worthless and inaccurate information.
And Torino Resources Limited has no web presence.
You better start doing some digging. And I suggest you start with Dan McKinney.
Does this make sense? SFBE is issuing 346,750,000 shares at a share price of $0.20 a share to reflect the $69.35 million acquisition.
good close,
good night/good day from over here,the other side of the big lake.
euro ;)
looks like we ending @ 0.0949 here for today,what do we expect for tomorrow ?
euro
hi sundigger,have about the same feeling as u here.
euro
hello there,
i did buy a few here the last couple weeks,like it so far.
euro ;)
How well do you know Dan McKinney?
You might want to do a little dd.
Have you found this "Torino" company they talk about?
Thanks for posting the news, Slojab. Expecting good things from SFBE!
The SunDigger
Sino Fibre Acquires China-Based Waste Conversion Company
HONG KONG, Apr 6, 2011 (GlobeNewswire via COMTEX) -- Sino Fibre Communications, Inc. (OTCBB:SFBE) announced today that it has closed an acquisition to acquire 100% of Torino Resources Limited "TRL" for US$69.35 million. The Company further disclosed that it has terminated its acquisition of Europe-China Commercial Union Holdings Limited "ECL."
SFBE is issuing 346,750,000 shares at a share price of $0.20 a share to reflect the $69.35 million acquisition.
TRL indirectly owns 35% of four Chinese companies: Hebei Fuhua Plastic Group, Hebei Yehua Renewable Energy Co Ltd, Hebei Fuhua Bioconversion Environmental Protection Co Ltd and Hebei Fuhua Organic Fertilizer Co Ltd. TRL uses Microbial degradation to treat municipal waste to produce organic fertilizer in the form of RDF (refuse derived fuel) biomass pallets, and produces other end products such as plastic wood products, building materials and bio-fuel blocks. It owns its patented device production technology.
Daniel McKinney, CEO of Sino Fibre, commented on this new business: "This acquisition is a very exciting event in the history of our company and propels us into the high growth green technology arena of waste conversion into by-products in the Asia area."
The Company will be appointing new management and board of directors to reflect this acquisition.
The Company is currently in the process of retiring the 140 million shares back into the Company treasury issued pursuant to the terminated ECL acquisition.
Wow! Look at this. Stock going up today!
- SD
Nothing has changed. The company website and Nevada SOS do not jive over who the officers of the company are.
This is the link to the IR website for SFBE.
Apparently, staying current isn't too important to them.
http://www.nvestrain.com/sfbe.html
About us at NVESTrain.com
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Going beyond just a profiling of the company on a website, NVESTrain becomes actively involved, from the day to day investor relations, to integrating third party awareness programs into a dynamic and sophisticated Investor Relations program for these companies.
We talk to the CEO’s and the principals on a regular basis, educating ourselves on the company and their respective industries, translating their operations and objectives to the investment community.
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Shareholder loyalty is earned by articulating short and long term business goals while encouraging appropriate investor participation. It's become commonplace for shareholders to think in "short term gains" and it's a rare occurrence when shareholders hold for "medium to long term gains." Therefore, we must never lose our focus on keeping shareholders happy. The value of a loyal long term shareholder who will stick with a company through thick and thin is incalculable.
If you think that's interesting, you should check the decline in ELRE. Another McKinney company.
Interesting...
Hey, DW. Pinksheets has a new website listed and company description for this issue.
The website link takes you to the new website for the company with the new name mentioned and all new company officers. And lots OF them.
Check it out.......
http://www.sinobioenergy.com/enArticleView.aspx?id=98
Nevada SOS has nothing new on all of this.
Pretty odd, eh?
Sino Fibre Closes Acquisition to Acquire Inner Mongolia Bio-Energy Company
Oct, 15, 2010 09:05 AM - GlobeNewswire
HONG KONG, Oct. 15, 2010 (GLOBE NEWSWIRE) -- Sino Fibre Communications, Inc. (OTCBB:SFBE) announced that it has closed an acquisition to acquire 50.1% of Europe-China Commercial Union Holdings Ltd "ECL" for US$100 million.
The consideration for the $100 million acquisition was 400 million SFBE shares ($0.25 per share) representing 140 million SFBE newly issued shares (valued at US$35 million) and a promissory note for 260 million SFBE shares (valued at US$65 million). ECL indirectly holds a 70% interest in approximately 70 sq. kilometers of leased land in Inner Mongolia Province, China. The land rights expire on 31 December 2049.
Daniel McKinney, CEO of Sino Fibre, commented on this new business; "This acquisition is a major turning point in the history of our company and propels us into the high growth arena of bio-energy, bio-diesel, wind and solar farms in China. With our large land resource in Inner Mongolia, the company can develop multiple streams of cash flows in this high growth, green sector."
The company will be appointing new management and board of directors, as well as changing the company name to Sinobioenergy.com. Please see: www.sinobioenergy.com
That's pretty funny, DW.
Who makes these crazy deals up, anyways? lol
News 10/15/10
Sino Fibre Closes Acquisition to Acquire Inner Mongolia Bio-Energy Company
HONG KONG, Oct. 15, 2010 (GLOBE NEWSWIRE) -- Sino Fibre Communications, Inc. (OTCBB:SFBE) announced that it has closed an acquisition to acquire 50.1% of Europe-China Commercial Union Holdings Ltd "ECL" for US$100 million.
The consideration for the $100 million acquisition was 400 million SFBE shares ($0.25 per share) representing 140 million SFBE newly issued shares (valued at US$35 million) and a promissory note for 260 million SFBE shares (valued at US$65 million). ECL indirectly holds a 70% interest in approximately 70 sq. kilometers of leased land in Inner Mongolia Province, China. The land rights expire on 31 December 2049.
Daniel McKinney, CEO of Sino Fibre, commented on this new business; "This acquisition is a major turning point in the history of our company and propels us into the high growth arena of bio-energy, bio-diesel, wind and solar farms in China. With our large land resource in Inner Mongolia, the company can develop multiple streams of cash flows in this high growth, green sector."
The company will be appointing new management and board of directors, as well as changing the company name to Sinobioenergy.com. Please see: www.sinobioenergy.com
About Sino Fibre Communications, Inc.
Established in May 2005, Sino Fibre Communications, Inc. is a Nevada Corporation.
The Sino Fibre Communications Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4102
This press release contains forward-looking statements based on management's expectations and beliefs, and involve risks and uncertainties which may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Actual results may differ materially from those described in forward-looking statements and therefore readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.
CONTACT: NVESTrain
Investor Relations:
Dennis Burns
419-951-4842
denny@nvestrain.com
www.NVESTrain.com
http://www.globenewswire.com/newsroom/news.html?d=203840
Another 10k sell today around noon, seller pretty much sells 10k a day for past 60 days or so, hopefully they'll run out soon. GLTA
HONG KONG and NEW YORK, May 28, 2008 (PRIME NEWSWIRE) -- Sino Fibre Communications, Inc. (OTCBB:SFBE), a broadband and value-added Internet services provider in China, today is pleased to announce that it has signed an agreement with Shenzhen Bank-Union EPS Financial Services Co., Ltd. to add online payment processing services to its barter exchange platform. This capability will enhance the online barter trading and settlement system for the B-to-B e-commerce services provided to the 4.5 million medium and small private enterprises from the Company's joint venture company with CAMSE.
Sino Fibre's CEO and President, Daniel Mckinney, said "We are extremely pleased about our agreement with Union Pay-EPS. Union Pay is the official payment processing agent of China. This facility is a crucial element of our online barter trade system that Union Pay will provide secured online payment processing services to our barter trade and e-commerce clients. The successful roll out of our joint venture business will have no doubt to bring in massive traffic to ride on the fiber optic network we represent and are in the process of acquiring from our Chinese partner."
About Union Pay-EPS:
Shenzhen Bank-union EPS Financial Services Co., Ltd. is a subsidiary of China Union Pay based in Shenzhen, China to provide back-end payment processing and support. Union-Pay EPS currently services such companies as China Merchant Bank, China Ping An Bank/Insurance, China Construction Bank and other major banking institutions as well as numbers of large franchises in China.
For more information, please visit www.ebankunion.com
HONG KONG and NEW YORK, May 12, 2008 (PRIME NEWSWIRE) -- Sino Fibre Communications, Inc. (OTCBB:SFBE), a broadband and value added Internet services provider in China, announced that it has entered into a memorandum of understanding ("MOU") with BarterXchange (S) Pte Ltd. ("Singapore Barter Xchange") to sell a 15% stake in Sino Fibre's joint venture ("JV"), China Business Online Company Limited, to Singapore Barter Xchange for US$6 million. This values the JV at US$40 million of which Sino Fibre will retain a 70% stake. Sino Fibre's JV is with the China Association of Small and Medium Enterprises ("CASME"), which will explore the Chinese market and introduce e-business and provide barter trade services to Chinese small and medium sized enterprises. CASME holds the remaining 15% of the JV. The proposed sale is subject to board approval, satisfactory due diligence, approvals from all necessary regulatory authorities and a definitive agreement. CASME is administered by the Chinese National Development and Reform Commission to provide business development assistance to Chinese medium and small enterprises in China and aboard. CASME operates across China with branch offices in cities and provinces throughout the country. CASME currently has 4.5 million medium and small business members in China, and continues to grow at a rapid pace. View more at: www.ca-sme.org.
Sino Fibre and CASME have agreed to work together to take advantage of advanced international management practices to provide barter trade services for Chinese small and medium sized enterprises. Sino Fibre and CASME have jointly established China Business Online Company Limited in China, which will be wholly funded by Sino Fibre. CASME will provide the CASME brand, government and member resources to develop the business of the JV.
Daniel Mckinney, Chief Executive Officer of Sino Fibre, commented on this new business development with the Singapore Barter Xchange, "The JV will integrate the Singapore Barter Xchange's proven e-commerce software platform in English and Chinese for all CASME members to conduct their e-commerce and e-barter trading under one state-of-the-art, secured, robust network infrastructure. The JV will have two significant streams of income; firstly, through annual fees and secondly through a 5% transaction fee on all barter transactions. These transactions will at the same time create increased demand for Internet online traffic riding on our fiber optic telecommunication network, which will create a recurring revenue stream for Sino Fibre."
About Singapore Barter Xchange
BarterXchange (S) Pte Ltd, is the premier barter trade exchange center in Singapore. It offers a neutral platform for traders to trade with one another through traditional means as well as through the latest innovation in internet technology. It is basically an association of business operators and professionals who have joined together to trade their products and services. For more information about Singapore Barter Exchange, please visit www.barterxchange.com
are you still in SFBE? where do you see this going??
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