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.
Dollar spiking
If you don't like charts, DON'T USE THEM and STFU about 'em! JFC!
That would be great but it really isn't looking that way since oil is down currently and was even more overnight.
Kind of stalled out EOD
What do you guys think for EOD?
Profit taking, flying, or sideways?
Can TOTALLY handle that amount of decay!
We're not that far from the MA 100 on the Day chart!
Insane in the membrane (insane in the brain!)
What an awesome day!
True, but the developing world wants to live like the developed world. That means way more vehicles instead of bikes and animals. More plastics, fertilizer, chemicals, etc all derived from petroleum. This growth will negate efficiency in the developed world. At least for a while.
Yep. I'm holding
It's tryin'! Looking GREAT today!
Plunged below trend line... ugh
Awesome gains the past few days!
I didn't delete the post. "Removed By: IH Admin Reason: Spam" I imagine it was because of the link.
Suntech Power Holdings Co., Ltd. (STPFQ: OTC Pink No Information) | Tier Change Fri, Mar 13, 2015 12:00 - Suntech Power Holdings Co., Ltd. ( STPFQ : OTC Pink No Information) - Tier Change - The symbol, STPFQ, no longer is classified as OTC Pink Limited. As of Fri, Mar 13, 2015, STPFQ resides in the OTC Pink No Information tier. You may find a complete list of tier changes at otcmarkets.com .
DSLV is for leveraging the downtreand.
This is from Suntech's OWN WEBSITE (scroll down and read the bold print)!
" Posted on 2014-12-08
Wuxi Suntech, one of the largest manufacturers of PV modules, is aiming to expand its 3% market share in Benelux to 13% by 2015 through its newly announced partnerships and projects with Oskomera Solar Power Solutions, Solar Green Point and VDH Solar.
Suntech was recently selected to provide the first batch of approximately 1,500 panels to VDH Solar, who is working with Solar Green Point to construct Solar Park Gruyterfabriek in Den Bosch. The park is expected to be completed by the end of 2014. Solar Park Gruyterfabriek will be one of the larger solar parks in the region. Suntech was chosen as a trusted partner due to its strong financial health, its superior quality and its panels' reliability. Two other motorway projects near Amsterdam and Rotterdam totaling 6MW of PV will also be constructed under a Suntech-VDH Solar partnership.
Suntech has also renewed its partnership with Netherlands-based Oskomera Solar Power Solutions (OSPS), providing its technology and products to support OSPS's 175 megawatts project portfolio.
"Thanks to our acquisition by Shunfeng International Clean Energy Ltd., Suntech has emerged with the strongest financial footing in the solar industry, enabling us to expand our presence across Europe while supporting small and large-scale projects," said Simon De Sitter, Suntech's Director of Benelux, France, Scandinavia and the Netherlands Antilles. "Our products are best in class and in 2014 they have been ranked above industry standards by OST Energy and the VDE Institute, reinforcing that we provide our customers with the highest quality solar panels in the market."
"Now that Suntech has reemerged as the world's most financially stable solar producer, we are thrilled to be working with our former partner again, who has always provided us with excellent, high performance products. At OSPS, we are committed to the highest quality and product reliability for our customers. We appreciate that Suntech shares that commitment," said Dennis Gieselaar, Managing Director of OSPS.
"Suntech panels go through a very strict quality control process, audited by the world's leading independent engineering firms. For years, we have witnessed their panels in operation, which work considerably above the average performance levels, producing more than one hundred and five percent of the installed capacity," added Lucien van der Heide, owner of VDH Solar.
Under ownership of Shunfeng International Clean Energy, Suntech is pursuing a business strategy to reclaim its position as a global solar leader by becoming part of the largest integrated clean energy supplier in the world – integrated not only in terms of manufacturing but also in terms of ownership of clean energy producing assets. Suntech will provide one-stop access to the Shunfeng family of companies with capabilities in design, engineering, manufacturing, construction, finance, insurance, operation and maintenance, energy storage, solar products and applications."
http://www.suntech-power.com/news/news143.html
It is irrelevant that the shell may rise and fall with the other solars.
Folks need to be aware that is symbol no longer represents an actual solar panel manufacturer.
THIS IS JUST A SHELL
The Photovoltaic division of Suntech was sold to Shunfeng Photovoltaic which trades on the Hong Kong market and IS NOT STPFQ.
http://www.prnewswire.com/news-releases/equity-interests-in-wuxi-suntech-and-its-subsidiary-purported-to-be-transferred-to-third-party-254724331.html
http://www.suntech-power.com/news/news143.html
From your PR
When Suntech was acquired by Shunfeng International Clean Energy...
STPFQ is NOT Shunfeng Intrnational Clean Energy. Shunfeng only trades in Hong Kong...
Yep, see my other posts...
Suntech Expands Presence in Benelux with New Partnerships and Projects
Posted on 2014-12-08
Wuxi Suntech, one of the largest manufacturers of PV modules, is aiming to expand its 3% market share in Benelux to 13% by 2015 through its newly announced partnerships and projects with Oskomera Solar Power Solutions, Solar Green Point and VDH Solar.
...
"Thanks to our acquisition by Shunfeng International Clean Energy Ltd., Suntech has emerged with the strongest financial footing in the solar industry, enabling us to expand our presence across Europe while supporting small and large-scale projects," said Simon De Sitter, Suntech's Director of Benelux, France, Scandinavia and the Netherlands Antilles. "Our products are best in class and in 2014 they have been ranked above industry standards by OST Energy and the VDE Institute, reinforcing that we provide our customers with the highest quality solar panels in the market."
"Now that Suntech has reemerged as the world's most financially stable solar producer, we are thrilled to be working with our former partner again, who has always provided us with excellent, high performance products. At OSPS, we are committed to the highest quality and product reliability for our customers. We appreciate that Suntech shares that commitment," said Dennis Gieselaar, Managing Director of OSPS.
"Suntech panels go through a very strict quality control process, audited by the world's leading independent engineering firms. For years, we have witnessed their panels in operation, which work considerably above the average performance levels, producing more than one hundred and five percent of the installed capacity," added Lucien van der Heide, owner of VDH Solar.
Under ownership of Shunfeng International Clean Energy, Suntech is pursuing a business strategy to reclaim its position as a global solar leader by becoming part of the largest integrated clean energy supplier in the world – integrated not only in terms of manufacturing but also in terms of ownership of clean energy producing assets. Suntech will provide one-stop access to the Shunfeng family of companies with capabilities in design, engineering, manufacturing, construction, finance, insurance, operation and maintenance, energy storage, solar products and applications.
About Wuxi Suntech Power Co., Ltd.
Wuxi Suntech Power Co., Ltd., a company incorporated in the PRC in January 2001, produces industry-leading solar products for residential, commercial, industrial, and utility applications. Suntech has delivered more than 30 million photovoltaic panels or 8 GWs of installed capacity to more than 1 thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech's mission is to provide reliable access to nature's cleanest and most abundant energy source.
About Oskomera Solar Power Solutions (OSPS)
OSPS is Europe's leading PV-systems integrator for complex, large scale PV projects. Oskomera Solar Power Solutions (OSPS) plays an important role in the European market for solar photovoltaic products delivering large scale PV projects, integrating PV systems, distributing PV products, and providing operation and maintenance services for solar power plants. OSPS operates in the Benelux, UK, France, Italy and the Caribbean.
You need to go back and read the past news...
GEORGE TOWN, Cayman Islands, April 10, 2014 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech Power") today announced that it is aware of the Hong Kong Stock Exchange announcement made by Shunfeng Photovoltaic International Ltd. ("Shunfeng") that the conditions precedent to the purported acquisition of 100% of the equity interests of Wuxi Suntech pursuant to the terms and conditions under the restructuring plan of Wuxi Suntech as approved by the Wuxi Intermediate People's Court have been fulfilled, and as a result all of the equity interests of Wuxi Suntech shall be transferred to an affiliate of Shunfeng.
As of today's date, none of the directors of Power Solar System Co., Ltd. ("PSS"), the joint provisional liquidators (the "JPLs") of Suntech Power appointed following Suntech Power's application for a provisional liquidation in the Cayman Islands, its jurisdiction of incorporation, or the liquidator of PSS, have given their approval to any transfer or disposal of the shares of Wuxi Suntech. As previously announced on February 10, 2014, the liquidator of PSS and the JPLs of Suntech Power will continue to focus on an investigation of, among other things, the purchase of PSS's equity interest in Wuxi Suntech by Shunfeng and to take all steps as necessary to remedy improper actions which have caused loss to Suntech Power, PSS, and their creditors. No assurances can be given, however, that Suntech Power retains equity interest in Wuxi Suntech, or the benefits having an equity interest entail. Neither Suntech Power nor the JPLs are currently able to exert management control or authority over Wuxi Suntech.
Notwithstanding the above, following negotiations by the JPLs with the current management at Wuxi Suntech, Suntech Power has entered into a Cooperation Agreement with Wuxi Suntech which provides a framework for the following (among other things):
Suntech Power licenses to Wuxi Suntech certain product certificates held by Suntech Power. It is expected, however, that Wuxi Suntech will obtain its own product certificates later in 2014 in due course;
Suntech Power, including its distribution subsidiaries in the United States and Europe, will act as intermediaries for the sale of products manufactured by Wuxi Suntech, facilitating Wuxi Suntech entering into sales contracts with such customers. For a period of one year, Suntech Power would earn a commission from Wuxi Suntech in connection with any such sale;
For a period of one year, Suntech Power, including its customer support representatives at its subsidiaries in the United States and Europe, would provide after-sales service for Wuxi Suntech manufactured products which have been sold; and
Wuxi Suntech would support the restructuring of Suntech Power International, Ltd., the principal operating subsidiary of Suntech Power in Europe which is currently engaged in a restructuring proceeding under Swiss law.
I don't know why Scott Trade still links STPFQ to the SunTech website.
All public data points to the PV manufacturing division of STPFQ being sold to Shunfeng International Clean Energy which only trades in Hong Kong.
Not sure, I'd love to be proven wrong. Suntech makes excellent panels and it would suck if there were no longer a vessel to trade/invest in them.
Made a great 170% profit from this trade, freaking awesome!!
That said, I found this on the yahoo message board, and from what I can find, it is abolutely correct.
"And Wuxi Suntech is absolutely not STPFQ. Wuxi Suntech is now wholly owned by Shunfeng. STPFQ, based in the CAymans, is a shell holding company that the last I checked only holds a few worthless assets like a US sales division and some plants in Italy that were questionable. All manufacturing and production assets and all the technology portfolio was sold to Shunfeng when they bought Wuxi Suntech. You are not buying that part of the business when you buy STPFQ, and can't buy it since Shunfeng owns it. If you buy STPFQ, you are buying a Caymans shell holding company currently holding a few almost worthless assets with nothing behind them anymore."
"Shunfeng bought "Suntech Wuxi", Suntech' s main asset, and not
Suntech (the company). Shunfeng kept the name "Suntech Wuxi" and some times may be confusing to differentiate between the two.
Cheng Kin Ming, also known as Zheng Jianming, is a real-state billionaire from Hong Kong. In 2012 he purchased a 30% stake in a company called Shunfeng Photovoltaic. Zheng also owns 21.6% of LDK Solar.
The cherry on top of that was the 2013 Suntech acquisition.
Zheng’s Shopping Spree:
2012 – Buys a 21.6% stake in bankrupt LDK and a 30% stake in Shunfeng (an investment that has increased 17-fold in value by now).
2013 – Shunfeng acquires Suntech Wuxi in exchange for Shunfeng paying 30% of Suntech’s debt, which was about $1.75B, to Chinese creditors.
2014 – The Suntech deal closes. In May–June, Shunfeng announces it is looking to develop projects in Europe and that it is closing on four new acquisitions, including a U.S.-based energy storage business.
Suntech Wuxi was purchased by Shunfeng Photovoltaic. How were they able to finance that ~$400M acquisition? The deep pockets of Zheng. Zheng knew how to leverage his financing ability even further, and agreed on paying for the acquisition in exchange
for convertible bonds.
Those convertible bonds can get him more than 67% of the combined company if they are converted. Shunfeng has also pledged to invest almost $500M in Suntech Wuxi facilities over the next 24 months, which could provide Suntech across-over-the board equipment upgrades and re-position the company as cost competitive."
The Bottom Line is STPFQ No Longer Represtents an Entity That Manufactures Solar Panels...
Wondering the same thing...
Welp, there you go!
Almost 2 weeks of gains lost today. Anyone know what gives??
Breakout!
Back in at $3.87
Wow, what's going on with NGD? Gold up but NGD down 8+%? Any ideas?
Breakout maybe!?
That's more like it!
Well, bounce or crash to November 30th levels??
Predictions?
I figured the dollar was way up but it was nearly flat... hmm.
http://finviz.com/futures_charts.ashx?t=DX&p=h1
Any ideas on why the steep drop today?
Lookin' good today!
Wowie Wow Wow! Great action in the past 24 hours. Did eveyone take their dramamine??