Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
David
I agree with you totally.
That being said I to believe FCPG to be a speculative play and always have.
There is one thing for certain if Wang wants to play with the big boys in this sector and there is a increasing number of large players entering this sector in China he will eventually have to make a move and in order for him not to be left behind he will have to make his move sooner than later.
This move can come in one of several ways.
Wang can sell his portion to the highest bidder, there can be a merger where Wang will have to take a back seat.
The other move could be continue doing what he is doing and make a play for the Hk listing and the final option is just fade away.
If Wang chooses not to fade away he will have to come to terms with the fact FCPG is a 100% owner and that will have to be reconciled one way or another.
My hope is Wang's creed will take front seat and he will make the move that profits his wallet. This by default will lift all share holders.
If not we just are all doomed not to make a profit here.
That being said HAPPY NEW YEAR TO ONE AND ALL.
David
I agree with you totally.
That being said I to believe FCPG to be a speculative play and always have.
There is one thing for certain if Wang wants to play with the big boys in this sector and there is a increasing number of large players entering this sector in China he will eventually have to make a move and in order for him not to be left behind he will have move sooner than later.
This move can come in one of several ways.
Wang can sell his portion to this highest bidder, there can be a merger where Wang will have to take a back seat.
The other move could be continue doing what he is doing and make a play for the Hk listing and the final option is just fade away.
If Wang chooses not to fade away he will have to come with the fact FCPG is a 100% owner and that will have to be reconciled one way or another.
My hope is Wang's creed will take front seat and he will make the move that profits his wallet to the maximum amount. This by default will lift all share holders.
If not we just are all doomed not to make a profit here.
That being said
Paul Gills of China Accounting Blog.
here is the link to Paul's blog
http://www.chinaaccountingblog.com/weblog/
Paul Gills Who I have been following and has gained my respect stated this about Marcum Bernstein, “Drew Bernstein, Co-managing partner of Marcum Bernstein & Pinchuk LLP has written a response to my recent post about NQ Mobile’s auditor change. I have a great deal of respect for Drew. As I said in my post I think he is among the best of the non-Big Four firms working the Chinese market”
Since Marcum still claims to be the auditor for Fist China Pharmaceutical Gorup, Inc.(FCPG) says a lot at this point. I would suspect that if FCPG was not on the up and up Marcum would have jump ship by now.
This China Accounting Blog is a good source of information for on the international. Accounting issues involving US listed Chinese companies.
CBW
My thoughts about First China are this. Mr. Wang and company just have not felt it necessary to keep the shareholders of FCPG informed, for whatever reason. But even from your accounts and others on this board First China is growing it’s business and it appears it will soon be one of the few left doing business in this sector with in the PRC. The PRC has mandated to shrink the competition and leave only a few companies in this sector operating.
It is my believe Mr. Wang is highly connected with in the PRC and has been chosen to be one of the few. Again this is just my speculation but I have been following FCPG for over 3 ½ years. And it is my belief Mr. Wang has an inside track with in the PRC.
I also think Mr. Wang has an issue paying hundreds of thousands of dollars to keep SEC filings up to date. For one thing he does not even pay himself that much. This ascertained from the last SEC filing and Routers pay info.
I also believe Mr. Wang would rather put the money towards a new facility which by the way has been completed and is being staffed. This according to our IHUB board members and the local news in China. FCPG or the XYT is now hiring to staff this new facility. This again has been discovered by our IHUB board members, which by the good job members.
The IHUB board members have been vigilant and informative but unfortunately we are a few.
When I see trading like today it just does not make any sense for anyone to sell at less than 50cents a share.
But the market is the market and no formal news from Wang does not help.
I will also keep turning over rocks to see why Wang is being so Bull headed. My guess is with over 18million shares I do believe he wants to succeed.
This is one of those hidden gems that will surprise big time to the upside
FCPGalltheway
Thanks for the link.
Chargers
unming Pharmaceutical Corporation provides pharmaceutical products in the People’s Republic of China. Its primary products include Artemether, Luotai, Tianxuanqing, Artemedine, Artem, Arco, etc. The company offers Artemether injection and compound naphthoquine phosphate tablets for use in treating various kinds of malaria; Gastrodin capsules and injection for treating central nervous system diseases; and Panax Notoginseng Saponins for injection and soft capsules for use in treating cardiovascular diseases. It also provides botanical medicines, including cerebro-cardiovascular drugs, central nervous system drugs, anti-infection drugs, anti-osteoarthritis, and rheumatoid drugs. The company is based in Kunming, the People’s Republic of China.
This stock is trading at 30 times PE with a dividend yield of 1.3%
Charger you keep finding this information it is all good.
Thanks for the clarification
I figured it to be a matter of time before big international Pharma’s started to stake out market share in China.
Remember CVS in China is 100% foreign owned. This was one of the only time the China government let it happen. Was letting CVS in the first or the exception?
I believe it to be the first of many.
Time of cheap First China Stocks is coming to an end and I do believe sooner than later.
This was a great WJS article Changers nice find.
Here is a more accesable link to the same article.
http://www.firstwordpharma.com/node/1242760?tsid=28®ion_id=3
400% increase since July 14, 2014
This stock has closed above the 50 day,100day and 200 day moving averages on heavy volume. Is this a break out or what?
The next couple of days could be very crucial. If the upward momentum is continued without any news then all of the upward momentum will control the price of this stock.
If we have a big break down then we will have to wait for the news on the financials.
Sometimes stocks like this can get ahead of itself. For this be a head 0f itself the stock price needs to be trading in the lower twenty cent range without any news. So we have room to run up at this stage if it does not break down.
Over 400% since July 14m 2014
This is starting to get interesting .
At $10 million profits we are looking at 10% net profit rate. I believe we could see a higher net rate by now, Because of the ability of First China to sell foreign drugs to its customers. The foreign drugs being sold are allowed a higher gross profit margin than the domestic drugs and the Chinese government has raised the gross profit margin allowed for the domestic drugs will help increase the net margin.
The onetime cost of moving into the new facility will already be accounted for going forward this will also widen the net profit margin.
Let us for argument sake say with $10 million in profits we could be looking at approximately $.02 profit per share this could be lower or higher at this time. At 10 times earnings this puts the PPS at $.20 a share. At 15 to 20 times earnings that could put the price per share between $.30 and $.40 per share.
Now we know Wang turned down $2.50 a share buy out price a couple of years back no telling what the national license plus the distribution network is worth today. The fact China opened up some of the investment practices over the last year could also play a role in First China Stock price. China has liberalized some of their foreign investment rules, for example CVN was allowed to own 100% of their Chinese company. That was unusual. Was CVN a onetime deal or is it an example of new business practices in China? My guess it is a new business model.
This is all speculation on my part but I am seeing a way for a higher stock price over the next couple of weeks and months.
Of Course the final price will be determined when the financials are released hopefully accompanied with an audited statement by Marcum LLP.
At these Stock prices we could be looking at a 50% discount at a minimum.
Again this is just my opinion. Good investing to all.
If I remember the requirements for being listed on the HK exchange.will require at least 2 full years of audited financials.
Either way financials will be required.
Nice move last week hope the upward movement continues.
Thanks for the information.
This just confirms what Brad has been saying.
Brad said First China is doing business and appears to be expanding.
If only we can get Wang to understand why he needs to communicate this information to the world.
From the beginning I have been critical of Wang's lake of communication, but always believed he was legitimate.
I am not going to predict about the timing of the release of the financials but it does appear from your information we could be in for a big surprise.
Again thanks for the info.
No I have not heard back from Drew yet. I sent a reminder today we will see. At least Drew confirmed First China as a client.
Response to email
I emailed Drew Bernstein asking if MBP was auditor of record and the fact no one from FCPG has responded to our questions. Drew responded to me with the following.
“MBP are auditors of record for FCPG but as independent auditors we are rather limited with who we can communicate, so I apologize for your lack of ability to get information. What I can do is communicate your problem directly to management and assist you in getting a company official to respond to your inquiries.
I will do my best to respond to you in the next 48 hours.
Drew”
So at least MBP are auditors of record. That at least is good news.
In my email I CC the SEC examhotline@sec.gov so we will see if I hear back from anyone with in 48 hours..
As far as First China earning a hundred million gross sales this year it is not out of the question in my opinion.
Good investing to all
Brad is still answering the phone.
I really can not figure Wang out he his acting like small time sales person when in actuality he could have have a half billion dollar company just by filing the financials.
As it is Wang is locked in and by not moving forward he is leaving a lot of money on the table.
Again I just do not understand.
Has any one heard from any one from First China?
Fcpgalltheway
Thank you for Lees Email and the suggestion.
I realize I may have crossed a few lines with my last Post to Wang but it is as it is.
I will forward my message to Lee and I suggest everyone to start messaging Lee as well leema@gtlaw.com.
Again thank you for your in put.
There is no doubt First China is Doing business in China the questions is when will the financials be released. It could happen tomorrow or next year. The problem is no one knows and that is the real risk here.
I urge everyone to call and email Mr. Wang, the SEC and also the securities department at the state of Nevada. Let us start forcing the issue.
The Pack you might be able to put you sidelined money to work.
Good Investing to all
Wang This message is for you.
We are at the same position we were a year ago. That is the rumors of the financials being completed and Mr. Wang not wanting to fork over the balance owed to the auditors. In this case some $200,000.00. Rumor has it the financials are completed and just need to be released and Mr. Wang is holding back payment to the auditors again. Remember this was the previous auditors complaint of none payment.
I can only surmise Mr. Wang may believe paying the amount owed to the auditors to have the securities of FCPG brought up to date is just too expensive.
Well Mr. Wang not bringing your companies securities up to date is turning out to be way more expensive. By not bringing your financials up to date you are missing out on millions of potential dollars in loans and investments. By not accessing these funds you have caused your company to grow revenues at a snail’s pace and the loss of larger potential earnings. From not being able to access these funds you have forfeited the opportunity to accelerate growth in sales thus losing out of substantially higher profit margins so yes by not having your financials up to date has been way more expensive.
Instead of being a five hundred million dollar plus company by now you are still making sales around the seven million dollar amount monthly. The sales amounts could be in the tens of millions of dollars monthly by now only if you can understand this. By getting yourself in the 21st century and start thinking like a real CEO you might be able to realize the full potential of what this company can do. For thinking like an old fashion Chinese merchant you are missing out on being a real player in the new Chinese economy and obtaining the true value of this company.
So Mr. Wang for whatever reason for not bringing your financials up to date you have cost your self-millions of dollars. This type of management belongs in the 19th century not the 21st century. This is way too hard to figure out for me. I have left several messages for Mr. Wang and he has not returned any one of them all I can do at this time is guess what is really going on.
There is nothing pointing to fraud just bad management decisions with regards filing the financials and a bad case of being too cheap Mr. Wang. My advice quit saving pennies and start earning tens of thousands of dollars, So Mr. Wang Just pay Marcum and get the financials completed and filed and let us all move on.
Another Month has passed.
Mr. Wang Where are you?
Again from what I have been able to gather First China is still in business.
I have called and emailed Marcum and they will neither confirm nor deny FCPG as a client. But it still appears FCPG is still a client and after doing further investigating the financials should be completed. We are at the same point we were with Rotenberg a year ago. It appears Mr. Wang is holding back on final payment.
So the only other way to get Mr. Wang to file is maybe for all of us on this board to go and call and email him directly.
Below is some contact information to Wang and his assistant.
Mr. Wag's assistant does speak English and Mr. Wang does not speak English.
So here it is:
Mr. Wang’s assistant does speak English
Mr. Zhen Jiang WANG – Chairman and CEO of First China Pharmaceutical Group, Inc.
Number 504, West Min Road
Kunming City, Yunnan Providence
Peoples Republic of China 65000
Tel. #: 011-86-136-0256-8877
Email: xyt719@126.com
Mr. Jack ZHANG – Mr. Wang’s assistant (Speaks English)
Tel. #: 011-86-138-8812-9309
Email: zyj8372@163.com
I feel that if we all bombard them with emails and phone calls something might break loose.
Maybe we might find Mr. Wang.
WOW!
If you liked this stock at .06 this is a great buy.
Buying some here.
StopshortHatty
What you posted is a disclaimer stating FCPG has not had any prior dealings with Marcum and FCPG has not relied on any previous information provided to FCPG from Marcum.
I have seen this disclaimer before.
So What is you question or point?
Notes to Mr. Wang.
First let's deal with the obvious problems.
The obvious lack of financials. This management team has gone through several audit firms since its debut. There seems to be a common theme and that is the lack of follow thru with auditors.
None of the auditors have yet to dispute the actual reporting amounts nor is there a disagreement with the company business just complaints of lack of payment.
I am not sure nor do I have confirmation but I believe Mr. Wang has a problem paying the bills owed to the auditors.
My guess is Mr. Wang just does not get it. He could have had a half a billion dollar company by now with the ability to grow his sales by substantially more than what is being accomplished today. Only if he would have just finished paying the previous auditors ,so I believe the financials should have been completed and released by now.
Now we have Marcum LLP and I cannot believe it would have taken this long for them to complete the financials but it has and my guess is because of lack of payment or slow payment to Marcum.
Marcum has been aboard since December 13, 2013 and that was after they did their due diligence which took approximately 2 months to complete. Again Marcum did their DD and still came aboard then what is the hold up?
The slowness in paying the auditors seems to be a Wang thing.
So I am guessing the reason for the longevity in the completion of the financials stems from Mr. Wang not paying the auditors in a timely fashion.
Mr. Jack Wick has resigned from the board not from any disagreement with the financials but from dealing with Mr. Wang.
My. Guess Mr. Wang is from the very old school of thought of if he just takes care of the business the price of the stock will take care of itself. Well Mr. Wang communicating with your stockholders and complying with financial reporting requirements is taking care of business and will help you improve your stock price and will increase your ability to access needed expansion capital to help you grow your sales nationwide, so again what is the hold up.
So Mr. Wang I believe is suffering from a bad case neglect. Just pay Marcum and get the financials completed and filed.
Please do not do it on our account but do it for your own business.
So lets file the financials and move on.
Bar
If your money is other areas then what are you doing here and yes the SEC can suspend stocks from trading and the only misinformation is you at this time.
please move on.
Bar
First 0f all your link is dated Jan 2013.
I find this to be a positive for this stock because it has not been stopped from trading by the SEC and the fact no financials have not been produced since November 2012 has not prompted the SEC to either stop this stock from trading or place the big E at the end of the stock symbol
That shows me this company is in communication with the SEC and the misfortune of the previous auditor debacle is being corrected by this management.
Also since FCPG did the reverse merger this stock has plummeted and the one who lost the most is Mr. Wang and company.
I believe Mr. Wang has been caught up in the battle between the PRC and the SEC.
That is why Marcum has been brought aboard and since December 9, 2013 after doing their due diligence are still audit of record.
See the SEC FORM 8-K/A
SECTION 4 - MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS
Item 4.01. Changes in Registrant’s Certifying Accountant.
(b) New independent registered public accounting firm
On December 9, 2013, the Audit Committee of the Board of Directors of First China Pharmaceutical Group, Inc. (the “Company”) engaged Marcum Bernstein & Pinchuk LLP (the “New Accountant”) as its independent registered public accounting firm to audit the Company’s financial statements for the Company’s current fiscal year ending December 31, 2012 and the fiscal year ended December 31, 2013. The engagement was approved by the Board of Directors of the Company on December 13, 2013. The due diligence required by Marcum has successfully been completed and the New Accountant has formally accepted the engagement with the Company.
________________________________________
I am for one have expressed my displeasure with this managements communication style or should I say lack of communication, but please Bar try and post more relevant information and keep current with what is going on here.
Posting old news does not do any one on this board any good. Now if you have any current news be it adverse or positive please post it.
We all know the chart info on this stock and if you don’t please look it up.
The fact of the matter is we have not seen any financials since November 2012 and Rotenberg (EFP) did not complete the work or did not turn over the work it was paid for and no longer does business in China was a very big negative for this stock.
Now if Marcum can pull off the reporting of the audited financials for 2012 and 2013 this will be a big win but if it cannot well this stock will just go by the waist heap with the other RTO Chinese stocks.
My money is with the reported audits being filed. I will not give any dates but we should see something soon, because this cannot go on indefinitely.
Again this is my own opinion. Good investing to all
Good information fcpgalltheway.
Now it appears Wang is going to get both a higher top end growth and a fatter gross margin with the change in pricing policy.
Wang was hopping for this when he went national.
With a change in the Chinese policies of not capping medicine retail prices on medicines will now allow pharmaceutical companies to set prices. This will place First China in a better money making environment. With the ability of expanding dollar sales with existing customer base and the dropping of the additional sales dollars to the gross margin will just add to the attractiveness. This will be good for the future stock price of this company.
I do not know why the hold up in financials but, all I do know up until now the stock has not been ordered to stop trading and the big E has not been placed at the end of the stock symbol.
Marcum as of last week still has FCPG listed as a customer and they are still the auditor of record. Nothing materially has changed with this regard.
From the fact Marcum has not hastily presented any financials with corrections to follow may be the silver lining in this whole financial debacle.
When and I mean when the financials are posted I cannot imagine them not being audited. If they are submitted and are not audited then in my opinion that would be a total negative for this stock
Good investing to all and remember do your DD.
Deleting post.
I just want all of you to know I have not deleted any post.
My goal is to keep a civil and informative posting site.
I believe in the light of day through truthful and honest posting and not the darkness of ignorant and self-serving BS.
If I think the poster is full of it I will call him or her out but I will not delete any post.
I for one look forward to being educated by knowledge but I do not look forward to be dazzled by BS.
With respect to FCPG the silence just has been a little too much.
But I am gambling on a full discloser. The reason for this stock to be trading below the book value is because of the silence from this management team.
Again good investing to all.
Just a matter of time.
The fact First China Pharmaceutical Group inc. has not been given the Big E is in itself a positive.
The negatives are no communications with the minority share holders.
To day another Chinese IPO was traded. This in my opinion is a good sign the investment community is accepting the public information provided by these Chinese Companies.
This also implies the PRC is accepting the process of the international audit process or the international investment is accepting the fact they will never get the complete audit on these Chinese companies.
I hope it is the former. But again time will tell and that is all we have on this one at this time.
Good investing to all.
Here we are at the beginning of another week.
We need some official something. I realize this stock is still trading. I hoping this will not drag into May but at this rate who knows.
Again the potential is great but the reality has not been so great up until now.
I am still looking for my POP anytime now.
The good thing Marcom is still on board and Wang is paying them.
My guess we will see the financials for 2012 and 2013 any time now.
I hope anytime does not end up being sometime in May.
Just my opinions and thoughts.
Good investing to all
Time is ticking.
I still have problem with the way Chinese management deals with their minority share holders but, the honest Chinese management do take care of daily business activities.
I believe this is the case for FCPG. There is a 5 day grace period for reporting after the 31st and SEC has not stopped this from trading even on the OTC so, there is hope here. I know investing is not about hope but it is about DD and I have been following this one for more than 3 years now and this is just where we are at this time in my opinion.
So if business has been taken care of the reporting should follow soon.
This one feels like it is finally going to pop.
Good investing to all.
fcpgalltheway,
I was not aware of any disagreement of the reporting content between EFP Rotenberg LLP and Wang. The last 8k submitted by EFP Rotenberg LLP Ststed the only issue was a lack of the final payment of $40,000.00. In fact EFP stated there was no adverse opinions.
“The reports of EFP regarding the Company's financial statements for the nine months ended December 31, 2011 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. “ This from the 8K/A Oct1, 2013 filing.
Please if you can give us the article where you read Wang and EFP had differences in the reporting content please give us a link. Because the way I understand it EFP just did not provide the final 2012 10Q filing because of the lack of the final payment of $40,000 from First China to EFP.
I have blamed EFP for not living up to their end of the deal just because they pulled out of China.
So if you know more please enlighten us.
.
Thanks in advance.
Correction on this post
I meant to say 10q's and not 10K's wrote in a hurry.
Again have a good week end.
Predicting a nice pop over the next couple of weeks.
I know I have predicted this in the past but events such as the last auditor not turning over whatever they were paid for was not figured into the assessment. This caused the delay in reporting of the financials. So, in delaying of the financial reports has caused the present state of this stock.
With Marcum Bernstein & Pinchuk LLP (the “New Accountant”) on board and fully engaged some type of reporting whether it be the full financials or partial financials with guidance by the end of March is a real possibility. Some type of report is due by then. It could be the 10k’s for 2012 and 2013 with an 8k to follow. Or it could be an 8k with 10k’s to follow. Either way SEC requirements are for something to be due by the end of March.
I am still very critical of the way the management has communicated to the minority shareholders during this time. I guess I believe this could be attributed to a cultural issue that exist in this sector.
Hopefully with Marcum on board this will start to become less of an issue. According to the Marcum BIO they have experience in dealing with regulatory issues in China, the PACOB and SEC.
Could something unforeseen get in the way of this stock reaching it true evaluation you bet. That is why this is a speculative stock. But my bet is on the upside at this time.
Have a good weekend.
We will know one way or another on how this stock will play out within a couple of weeks.
The financials will be due by the end of March. It appears Marcum Bernstein & Pinchuk LLP is still on board and have received a substantial down payment for their work.. I just hope these guys do not do what the previous auditors did and not complete the financials.
Marcum has been on board since October 2013 from performing their DD to actually working on the 2012 and 2013 financials.
Also with regards to the to the health sector in China, there was an unusual event that occurred about a couple of months ago. The PRC allowed CVS pharmacy to purchase a Chines company out right. I am unsure if this was a onetime event or if the PRC is changing the capital requirements on future mergers. Again time will tell. If this the beginning of a trend then I believe we could see a lot fluff occur on this share price and if it doesn't then only the filing of the financials will drive the share price.
Any way if no financials are filed by the end of the March then this stock will probably be delisted. I believe the financials will be filed and we will see the price of this stock appreciate handsomely and if the PRC is going to let foreign entities purchase local companies outright then who knows what price this stock will end up being. Again I am just speculating on what the PRC is doing right now with regards to capital formation.
Any way good investing to all
It appears we have a buyer at this point for FCPG stocks.
It is February and Marcum was asked by the board of First China Pharmaceutical Group, Inc. to be the new accountant on October 4, 2013. According to the 8k dated October 4, 2013 Marcum was supposed to complete their due diligence by October 31, 2013. It is hard to say when the due diligence was completed because Marcum was not officially brought on board until this year.
Maybe we are coming to the end and we might start to see financials soon.
I realize I have said this before. Marcum seems to be more entrenched in the Chinese business seen that the previous account was. Marcum has auditors living and breathing Chinese in China. So understanding the differences between the Government, the Chinese business cultural and the international reporting requirements will bode well for First China.
This might be the reason for the run up today.
We all know First China Pharmaceutical is a real business but for this company to go to the next level the reporting of the financials is paramount. If the financials are not done by the end of March we can just place this company on the trash heap with the rest of the failed small China caps listed in the US stock markets.
I for one believe we will see the financials between now and the end of March because of the involvement of Marcum. It appears they have completed their due diligence and are fully engaged in the auditing process of First China.
That could explain today’s action. If we start to see more trading days like today over the next couple of weeks then all of us longs will be very happy.
Time will tell.
Good investing to all
Fcpballthewhay
Nice post Alltheway. Bar I hope Alltheway's post cleared up some items for you. Also do not forget some of these reputable Reverse Mergers now trade on HK exchange at a 40X PE ratio, food for thought. I am not saying First China will be one of those but think of the possibilities. So when the financials are released and First China can submit 2 consecutive years of audited financials there is a strong possibility of dual listings on the HK and Singapore exchanges.
Again thanks Alltheway for the post.
Thanks
I will clean it up.
Yep. I was in art class when I was in Junior High and our art project was to make a stamp with our names on it. Well needless to say I made my stamp wrong and my name came out backwards. So every once in awhile I use LANOB this is just my quirk.
Just pass it on.
http://seekingalpha.com/instablog/2492361-bonalcharles/2507401-finally-some-good-news-for-first-china-pharmaceutical-group-inc-fcpg
I decided to blog on Seeking Alpha. I just got tired of the silence. I do Believe management was burnt with the last run up and dose not want to experience the same issues again.
But good news is still good news and there is really no need to keep it under wraps.
Let me know what you think.
This is my speculation only.
I am guessing we will see it all happen at once. If Wang holds to form he will report the 10Ks up until the third quarter of 2013. Then they will file the final 10K for the 4th Q closing out the 2013. The 10K for 2012 can come out anytime between now and the end of the year along with the first 3 quarters of 2013. Then the final 10K to close out fiscal 2013 all this Could happen sometime by Feb.2014.
Then we will be bombarded with 8Ks stating the listings on the HK and Singapore exchanges.
OH Well one can only hope. Who knows what will happen this is just my Christmas list.
Merry Christmas to all
This is great news!
Now maybe we can get Marcum Bernstein & Pinchuk LLP to file the financial in a timely fashion...
This is a good Christmas present.
Now we should be able to determine where we stand and if First China can put in place their plan to secure no dilutive financing and grow this company at a more rapid pace. . Also gain access to the HK and Singapore listings. All appears good. Now the proof is in the Putting from here on out and I do believe there should not be a problem.
We could see a one hundred million plus sales with in 18 months with increasing margins.
Yes all looks good and I for one am very excited and happy.
Oh by the way we had heavy volume today with high volume buying to the upside at the end of today.
Nice