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NEWS!!! Expansion is underway -- EOM
maybe more companies will buy SaaS now
That's $120/month too -- with no revenue sharing w/China Unicom
It would be nice if they would discus the revenue implications of the 3D online mall.
you're right bore11
even if we get Baidu for search, we were offering more than just search with google -- gmail, google apps, etc
this stock looks dead in the water. The goog departure while well handled still leaves a lot of uncertainty.
what a mess. all those years ago many of us were so excited by those videos and pictures of the signing ceremony between MYST and GOOG.
All for naught all these years later.
Subaye's new website they purchased has dropped Google
http://www.cocloud.com.cn/
The spot where Google occupied below Baidu has been replaced with ICCHINA
NEWS!!!(Bowsernews)Google&Subaye are no longer partners
Go to the Subaye homepage.
www.subaye.com
The 2 inch high left to right baner ad for Google has been removed.
AND
scroll down below the man with the video camera on the left margin, you will see "ICCHINA" -- put your mouse over the third tab. You will now see a list of "Partners" icons -- Google has been removed. It was first, to the left of CNC China Netcom.
Expect an announcement anyday that we have partnered with Baidu.
I'm telling you again -- THAT's why we bought out cocloud (CIL).
Yes, CIL had 12,000 SME's, but we needed a quick contract with Baidu -- and they had one. Now that contract belongs to Subaye.
We didn't pay 480,000 shares for 12,000 SME's. We needed a Baidu contract FAST. Negotiations with Baidu could have taken MONTHS. This move took a day.
This was a brilliant move by Subaye management.
Have a good week. I'll see you in 10 days.
Canton Fair, Apr 15 - May 5th
They be showing off the 3D Mall.
Then earnings on May 15th
One Guangdong city subsidising 5000 SMEs 3000yuan each
That will buy a whole year on Subaye -- or 1.5 months on Alibaba
http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&layout=1&eotf=1&u=http%3A%2F%2Fgzdaily.dayoo.com%2Fhtml%2F2010-03%2F24%2Fcontent_906866.htm&sl=zh-CN&tl=en
Panyu Daily Article mentions 3D online mall
I wonder who THAT could be???
see last paragraph, but read the whole article
http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&layout=1&eotf=1&u=http%3A%2F%2Finformationtimes.dayoo.com%2Fhtml%2F2010-03%2F24%2Fcontent_907558.htm%23%23%23&sl=zh-CN&tl=en
According to Yahoo Finance, Sbay has a P/E of 4.16 and a (ttm)eps of $3.57. They posted this today.
Think about that! the EPS is almost equal to the P/E?
This is very bullish. We should see significant buying once this becomes well known. We need some research reports.
By way of comparison the typical Chinese technology stock has a P/E of 45 and a (ttm) eps of approximately $1.12.
Based on these metrics SBAY is a STRONG BUY.
Subaye will be switching to Baidu -- proof
see link and scroll down
http://www.cocloud.com.cn/
new sec filing tonighthttp://www.sec.gov/Archives/edgar/data/1139570/000114420410014902/v177607_ex1.htm
does anybody know when the yahoo message board for sbay will be ready to go?
Subaye needs to announce it's plans without Google
Google.cn is closed. All traffic is being directed to google.com.hk
The ball is in China's court now. Do they block Google now that they are offering unfiltered search via Hong Kong?
Does the cocloud buyout mean that we are now teaming with Baidu? -- cocloud was.
Freewilly,
I think you are underestimating the impact of a GOOG pullout from China on small "startup" companies. It could be devastating as business dries up.
I think GOOG's decision is irresponsible and motivated by ego and shortsightedness, both for their buisness partners in China and their shareholders.
This is stupid arrogant behavior and the part of Brin, Schmidt and the other stooge. Even now GOOG has the chance to beg forgiveness and stay, but their ego won't allow them to do it.
Truly a bad/immature business decision for all concerned for it happens.
JMHO.
Interesting message thread on Yahoo about Googlehttp://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=25263&tid=1319754&mid=1319754&tof=18&rt=2&frt=2&off=1
I have read in a newspaper that a Chinese newspaper has written that Google plans to close down its business in China on April 10. If this happens how will it affect SBAY?
It's simple why we are selling.
We are a major Google partner in China. Google may be pulling out. People are "selling the rumor".
Subaye just bought out cocloud for 480,000 shares this month. Subaye investors don't realize that cocloud is not just an investment for expansion, but also that cocloud is a partner with BAIDU. Cocloud is Subaye's backup plan should google leave.
Also, cocloud WAS Guangdong's largest B2B internet website based on transaction $$$s when we bought them. This was not a minor player. Cocloud gave up their status as the biggest in Guangdong to be a PART of Subaye.
That alone should tell you where Subaye is headed.
I am really disheartened by this selling wave. There is just no fundemental reason for this selling.
Everything looks exceptionally bullish.
I suspect a bullish research report or two will do the job.
Great news, here is some more "innuendo and unsubstantiated nonsense" that I am copying from their 10Q, Filed 08/14/09 for the Period Ending 06/30/09.
Why don't you enlighten us with the benefit of your estimates as to the production and advertising costs, and expected revenues (you can ignore DaYouCun) -
Motion Pictures
We currently hold copyrights for an additional four motion pictures which are currently in production with our production partners. However, the governmental approval process for release of these additional motion pictures is not yet complete. The following table is an outline of projected release dates for each of our motion pictures:
Projected
Release Date
DaYouCun October, 2009
True? April, 2010
Qianfu July, 2010
Paobu October, 2010
you really area pain in the ass.
your posts do nothing but spread innuendo and unsubstantiated nonsense.
Get used to it. You asked the question "the question is why is there no buying interest?" - well, perhaps I just gave you the answer - folks may not want to be involved in a stock with Crane!!!
By the way, why don't you stop posting, you don't really seem to bring much to the table, e.g.
1263
Who are you? I have never seen your posts before.
everything points to bullish developments ahead. Why are you so pessimistic?
1176
2) His road show around thanksgiving to drum up insttutional investor interest.
We owe him an opportunity to deliver.
1352
and how do you know that? can you share please.
do you have inside information?
1286
NEWS!!!
new IR website announced!
This company is really firing on all cylinders
very exciting
Morokoy,
why do you post. You clearly don't believe in the SBAY story. You are getting tiresome.
Please stop posting on this board.
From the recent BONU 10K - seems like Crane could not even correctly complete an SEC form. "Mr. Crane has also indicated to us that the information he filed on his Form 3 may have been incorrect or incomplete."
ITEM 3. LEGAL PROCEEDINGS
On October 1, 2009, the SEC issued a formal order of investigation to us regarding possible securities laws violations by us and other persons. The investigation concerns the process by which we became a publicly traded entity, trading in our shares, and disclosure and promotion of developments in our business. The SEC has requested that we deliver certain documents to the SEC. We have, and will continue to, fully cooperate with the SEC with respect to its investigation.
.....
......
Our former chief financial officer, James Crane, has asserted that he is entitled to up to 147,210 shares of common stock pursuant to the terms of that certain Consulting Agreement, dated May 20, 2009, between the Company and James Crane (the “Crane Consultant Agreement”). We assert that Mr. Crane is not entitled to any additional shares of common stock pursuant to the Crane Consulting Agreement or any other arrangement.
Unregistered Sales of Equity Securities.
In January 2009, we issued 82,585 shares valued at $82,585 to James Crane, our former Chief Financial Officer in payment for services performed and for $10,000 in expenses incurred by the former Chief Financial Officer. In June 2009, we issued 450,000 shares valued at $295,200 for past services and future services to be performed.
James Crane Matter
The Company's former chief financial officer, James Crane, has asserted that he is entitled to up to 147,210 shares of common stock pursuant to the terms of that certain Consulting Agreement, dated May 20, 2009, between the Company and James Crane (the "Consulting Agreement"). The Company asserts that Mr. Crane is not entitled to any additional shares of common stock pursuant to the Consulting Agreement or any other arrangement.If the Company is not successful in its assertion, the Company may be required to issue the shares to Mr. Crane. The corresponding charge has not been accrued for in the financial statements.
Section 16(a) Beneficial Ownership Reporting Compliance
Section 16(a) of the Exchange Act requires our executive officers, directors and persons who own more than 10% of a registered class of our equity securities to file statements on Form 3, Form 4 and Form 5 of ownership and changes in ownership with the SEC. Officers, directors and greater than 10% shareholders are required by the regulation to furnish us with copies of all Section 16(a) reports that they file.
Based solely upon a review of Forms 3 and 4 and amendments thereto furnished to us during the fiscal year ended October 31, 2009 and Forms 5 and amendments thereto furnished to us with respect to the fiscal year ended October 31, 2009, we have determined that none of the parties subject to the reporting requirements of Section 16(a) filed the required reports during and with respect to the fiscal year ended October 31, 2009, with the exception of a late filing by James Crane, our former Chief Financial Officer, who filed a Form 3 in connection with his appointment as an executive officer on January 29, 2009, approximately five months after the date such Form 3 was due. Mr. Crane has also indicated to us that the information he filed on his Form 3 may have been incorrect or incomplete.
There is reticence on the part of buyers because the company walked over the shareholders with the last major deal they did - they doubled the companies O/S for getting 30% more of their business - I think that was the details. They would have been better, whatever the management think, not to have done the deal.
Shareholders will forgive when they think that management "get the message" that you don't give the company away with bad deals.
Ironically, the company would be worth more if they hadn't been so unfriendly to shareholders.
Lets be honest greed trumps most investors fears.... if they think the management are going to be fair this stock will do very well - if not it will have to wait until faith is restored, if ever.
rich
(former long)
I have the name of their next movie, it's -
BACK TO THE PAST
2008 EPS $2.47
2009 EPS $5.33
2010 EPS $2.22 - and if the "blended tax rate" of 18% is too low, that's the excuse for falling below $2.22
I truly believe someone in that organization is "non compos mentis"!!
Oh yes, there's also a 5 - how many more additional months to wait for the 3D mall to open.
The website, website infrastructure and web content is scheduled to be completed by April 2, 2010.
Online 3D mall is on track to be operational by June 30, 2010, launched by August 31, 2010
the question is why is there no buying interest?
For a NASD stock to trade around 20,000 shares a day is very low, causing hig volatility scaring potential buyers away.
Oh crap, I almost forgot
Subaye has SIX letters in it.
NASDAQ has 6 letters in.
UPLIST has six letters in it.
You are right -- I do see a trend.
666 -- the mark of the beast.
The SEC filing says that they are planning to expand into (you guessed it)... SIX MORE PROVINCES.
If they do that, this company will be a beast alright.
Yep. I posted articles that detailed how bad the movie was doing.
1M yuan in 6 weeks.
They do like the number 6
6 months AFTER Big Movie came out in 200"6", it made $6M -- you see, they made more on that movie through internet advertising and DVD sales than they made at the theaters.
They also partnered with the Chinese government to develop SIX big business websites that the government is paying subsidies to SMEs to get them to join. In 2009, they paid 3M yuan in subsidies. In 2010, they are going to pay 300M yuan.(if you add the first digit of 3 to the first digit of 300, you get 6)
AND -- with SIX, you get eggroll. Damn those Chinese are clever.
The only thing they have going for them now, is that it appears that they have appointed HC International as their IR firm. However, no matter how good HC is, if they do not agree with management, then the stock will sit in the doldrums. You may want to look at the CYXN board, posts 390 to 400.
I would suggest that you read the LPIH and China Growth Stocks boards. The bullishness you see is the lucky ones abandoning this !@#!@# stock. To say that Crane is despised, would be a gross understatement, perhaps even a misstatement. Canceled CC (LPIH), canceled road show (SBAY), charging a company 10,000 shares for applying to get them on Nasdaq, saying in a PR, that an update on the movie would be "issued soon", and then six weeks later, said results are buried in the 10K - have you ever come across such a return in any business you have ever looked at - $5mm to make a movie, $1mm to advertise it, then open it on 1,000 screens, and for 10 glorious days, it generates $26,000.00 (twenty six thousand dollars).
They seem to like the number 6. A one-time advertising promotion $6mm, a dead movie $6mm, CoCloud acquisition $6mm, seems like the mark of the beast, 666.
Dear Perplexed,
It seems as though everyone shares your concerns for quite some time now.
People were perplexed when we bottomed out at three. And THEN, people were perplexed when we went up and the set a new low at eight.
Then they were perplexed when we went up AGAIN only to set a new low at 10 -- then at 11, and then 12.
It looks like we are going to put ina new low around 15 this time and people still seem to be perplexed.
Hope this helps,
Abby Normal
I am truly perplexed by this selloff.
Everything looks very bullish or am I missing something?
free willy, glad to see you are back.
From what I remember you are also bowser willy on the Investorvillage and yahho boards.
So here is my question. I remember you saying that volume will increse dramatically after SBAY moves to the Nasdaq. But nothing is happening. the volume is as low as on the otcbb.
What do you think is holding people back from buying?
scroll down my last post/some was cutoff
Expect a 1million share private placement at $20
That's what they need to fund their expansion plans.
http://www.sec.gov/Archives/edgar/data/1139570/000114420410014005/v177712_ex99-1x17x1.jpg
Subaye is just for Guangdong Province. They are getting ready to expand to 6 other provinces.
Think of it this way... Imagine that EBay started in New York State and was focused on local New York state commerce. When they expand, they create EBay Texas, Ebay California, Ebay Ohio, etc.
If this expansion plan succeeds, we will be looking at a 500% increase in revenues in two years.
http://www.hcinternational.net/index.asp
http://www.hcinternational.net/index.asp
that's Subaye's new rep from the last page of today's presentation
Morokoy,
you are reading too much into this. Being in IT myself there is a time lag between completing a website and making it operational. You must work the bugs out. So I am not sure that it is that big a deal or that Crane is being dishonest.
JMHO.
P.S. what we need is more research reports on SBAY to bring it to the investing public's notice.
SBAY - more hocus pocus from Crane.
10Q Filed 08/14/09 for the Period Ending 06/30/09
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=6757646
3D Animation Online Shopping Mall
On April 3, 2009, the Company’s subsidiary, Subaye IIP Limited , entered into an agreement with a PRC website developer for $2.1 million to develop a website, a website infrastructure and web content under the direction of Subaye IIP Limited. The website, website infrastructure and web content is scheduled to be completed by April 2, 2010.
From an 8K filing 3/17/2010, penultimate page
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7131631
Online 3D mall is on track to be operational by June 30, 2010, launched by August 31, 2010
What a bummer. Nothing. Like being on the OTCBB.
Now we have to get some research support, but based on the Power point presentation, revenue and earnings growth is supposed to slow in 2010 compared to 2009.
SBAY - appears that HC International is new IR !!!!!!!
see last page
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6838699
New 8-K posted apparently with Crane's slide presentation today.
But I can't open the link.
Can somebody else try?
The trading is just like it was on the OTCBB. less than 10,000 shares traded, and long periods with no trades.
Liquidity is still very low and volatility high.
very disappointing.
the lesson here is : we know SBAY and it's potential, but the broader market is unaware of SBAY.
Let's hope this changes by this afternoon and in subsequent days.
Looks like another day of relatively anemic volume. Let's hope that after the presentation we catch the eye of some analysts.
It seems to me that without coverage we will not see the volume and price action us bulls expect.
JMHO.
Subaye is proud of their new NASDAQ listing
1/2 page banner ad
http://www.subaye.com/
Real let down today. Thought we would trade over 100,000 shares, at least, and soar upwards!
Wow what a disappointemnt. Only 46,000 shares traded and we ended down on the day.
Let's hope the presentation tomorrow (3pm est)is a catalyst for some serious buying, or else we will have to wait for 2 months and the next earnings release.
That will be a real disappointment.
JMHO.
$24+ HOD and if there was a gap up they went back and filled it. Beautiful.
I remember when I found this pup at .06...took free shares as profit at .08....and traded it over and over....this pup has paid dividends on the free stock repeatedly...providing new cash to buy other china plays in my ira rollover. Love it. Nice to see "free" stock appreciating so fast.
$60 one year target on fundmamental valuation???
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2-Jun-2011
Entry into a Material Definitive Agreement, Change in Directors or Principal Officer
Item 1.01. Entry into a Material Definitive Agreement.
The information contained in Item 5.02 of this Current Report on Form 8-K is incorporated into this Item 1.01 by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 1, 2011, the Board of Directors (the "Board") of Subaye, Inc. (the "Company") appointed Alexander Holtermann, the Company's current Chief Executive Officer and a member of the Board, to serve as the Company's President, effective as of June 1, 2011. There are no arrangements or understandings between Mr. Holtermann and any other person pursuant to which he was selected to serve as the Company's President. Biographical and other information regarding Mr. Holtermann can be found in the Company's Current Report on Form 8-K, which was filed with the United States Securities and Exchange Commission on May 17, 2011.
In connection with Mr. Holtermann's appointments as the Company's Chief Executive Officer and President, Mr. Holtermann and the Company entered into an employment agreement, effective May 12, 2011, pursuant to which Mr. Holtermann will be paid an annual salary of US$80,000. Mr. Holtermann will also receive a sign-on bonus of 150,000 shares of the Company's common stock, par value $0.001 (the "Common Stock"), and will receive a minimum annual bonus of 100,000 shares of Common Stock. A copy of Mr. Holtermann's employment contract is attached hereto as Exhibit 10.1.
On June 1, 2011, the Board also appointed Jacqueline Ng, age 30, to serve as the Company's Chief Financial Officer and Secretary, as well as a member of the Board, effective June 1, 2011.
Ms. Ng has worked as a company accountant in Australia, Hong Kong and China. Based in China and Hong Kong since 2006, Ms. Ng has provided investment analysis, GAAP advisory services and consultancy to China-based public companies and government. Since 2007, Ms. Ng has worked as an investment analysis consultant to Hui Land Group, a partnership of a private Chinese company and a top-tier Hong Kong listed public company. Ms. Ng has also acted as Assistant to the Chairman for the China Council for the Promotion of International Trade and the China Chamber of International Commerce since 2010, and served as a director for Empire Stores Pty Ltd., an Australian company, from 2001 to 2010. Her expertise includes financial management and strategy, corporate governance, and public and investor relations. Ms. Ng is fluent in both English and Chinese and has specialized in implementing cohesive corporate management strategies for east-west partnerships.
In connection with Ms. Ng's appointments, Ms. Ng and the Company entered into an employment agreement, dated May __, 2011, pursuant to which Ms. Ng will be paid an annual salary of US$60,000. Ms. Ng will also receive a sign-on bonus of 150,000 shares of the Company's Common Stock, and will receive a minimum annual bonus of 100,000 shares of Common Stock. A copy of Ms. Ng's employment agreement is attached hereto as Exhibit 10.2.
There are no family relationships between Ms. Ng and any director, executive officer or director or executive officer nominee of the Company. There has been no transaction since the beginning of the Company's last fiscal year, or any currently proposed transaction, in which Ms. Ng and the Company were or are to be a participant and the amount involved exceeds $120,000.
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