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Well I hope that you have taken profit from what I call, the miracle Friday 21.
I added 15000 shares then. Welcome in the club.
BTW, I thought to be done but I placed extra orders yesterday, could not resist.
RD, funny, but I agree with most of what you write here with one exception, putting pressure on local governments.
Some on this board know that I have good connections with some from origin Chinese.
Thy are all telling the same story, be careful and de not pressure them, thy are not longer willing to be pressured. .
I taught to be done since September 21, what is in my books ‘the miracle day’ and thus the target was completed, but I have placed some more buy orders yesterday.
Lets take the wait and see modus now. Gentlemen, there are also some interesting reactions on MaxSoar.
Surprisingly, looking on the timing of reactions here, there seems to be more non Americans on this board than first estimated.
Madmoney : I am not that sure that day traders are holding this stock in a iron grip.
I follow the ask/bid life, and not delayed. Observe the totals on both ask and bid, you may clearly see what is going on. If you come on crucial numbers, let say 1.75 or 1,8 or 1,85 observe the bid site. Clearly big boys at work, and the small players are victim of the ‘nerve game’.
Last Friday, more than 3% of the total free float changed hands, yesterday a other 1,2%, no more said.
A personal and thus pure speculation, looking on the bid/ask volumes it seems that all registers are opened to kept it under control. I have the impression that share price rise, thus volume has been a surprise to some parties involved.
Again, this is pure speculation, but ‘gut’ feeling tells that we have to wait until end of month.
faxedreceipts : Glad to know that you seems to find the mustard were I found it, and I am not ashamed to admit it.
As for myself, I am not planning to buy/sell, I am not that stupid and have plenty time.
silverline, I am fully aware of the fact that we are not the only ones who have done a pretty deep DD, and yes, we have to continue it. Were it comes to my portfolio, it is also a not neglectable part of, however not the largest.
And what you write is straight forward were I can only strongly agree with.
Were it comes to a dividend, and I understand your standpoint, better than you are aware of, I don’t hide the fact that also in our group the divided is/are a delicate issue.
But allow my to express my own opinion, keep the money for the moment being where it is, use the profits to expand further.
And yes there is a contradiction, on my age (67) I want to see money for my investments, on the other hand I want to see growth. So this baby boomer has his personality conflicts also.
A good up-to-date article by Kevin Quan, and indeed ref. to the state giants is not lost.
This article comes in line with what is stated in MaxSoar, and this is the follow up of ‘ Star Analyst Online ‘ it was there that our attention started to be more focused and boosting our investments in LPH.
faxedreceipts, I do fully agree with your statements, you seems to have done your homework.
Gentlemen, I am not making publicity, far from, but to understand in what you invest, read, read and try to understand. Howeverolder stuff, I would advise you first to read the articles in
‘Star Analyst Online‘ by Kevin Chen, were two years ago LPH was explained.
Conclusion : I am not planning to sell any of my shares.
With two of the four, I got and have today some good relations and priceless information out of them. Of course thy are human beings and make some mistakes, but those mistakes are a question of view.
And of course thy are defending their own profits. Said this, we have all different interests and are all greedy were it comes to investing.
Zester : Coverage??? Somebody seems to mis a point, as far I know there are 4 different analyst already giving good and let say ‘to the point’ information.
We are all speculating of what has been the motive to close the deal, and we are sure that the deal shall be closed.
Of course we are speculating also. One thing is for sure, management shall avoid dilution at all costs, on the end of the day, thy are protection their own interests in the first place, we would do the same.
Financing is no problem any more, take that as a fact.
A friend came with some valid questions about, final commission of a idle sitting plant, but the most important question was ..... competition.
We know, based on writings from Kevin Chen and others, that the main suppliers so far are small independent refiners. The Huajie area is the back garden of the big state run players, is there a change of mind wait and see.
It sucks indeed, but what can you do on the end of the day.....nothing.
And indeed the excuses are there, but this is were it ends.
And take in mind that my broker has his US contact broker handling for him, this contact broker my have a other contact handling for him.
We all know the system, but again what can you do......
And thinking this is not true, just look what happened to some investors after the ‘going private’ of Harbin Electric, a lot of private investors had to wait weeks before their account was settled.
I know that it is illegal but it happens more than you are aware of.
One of my friends has contacted his broker after a couple of times have receiving a message
placing a sell order ‘sorry not enough shares in your account’ The next day there were excuses from the broker, but the opportunity was lost. I must add that this happened several times in regard Canadian stocks.
What I write here are facts.
It is always possible, but I think that naked shorting should be foolish now on this settlement day. More it there was naked shorting, thy should have covered the last day’s prior the F shares in a couple of day”s, even if it implicates a loss. Thy are not fools.
Swede, there is a large difference in ‘short’ and ‘naked short’
Short is working with shares ‘on loan’ usually of margin accounts, but not always, I am working with cash accounts and suspect that my shares are ‘loaned out’ sometimes . There is a risk with it if it comes to dividends and other events, the original owner of the account must be compensated.
Naked shorting is a other, however illegal play. This is usual done by funds who are creating ‘non existing shares’ sold in the open marked, but bayed back later on lower price.
Example : If I create 1 mil shares and sell them at 0.6$ and later bay them back at 0.5, nobody know of it. Note : naked shorting has been done more of you think.
This is right, management owns 66%, free float 33%.
Warrant were never taken in account in value calculations by any known analyst.
Months ago I have specifically asked somebody about the way of it, the answer was that the warrant question was not to be calculated as there was a big possibility that thy never would be executed.
Tradefan, I fully agree with what you write. More, this has always our standpoint.
Indeed ‘faxe” I/we do not hide the fact that MaxSoar and the people there are one of our most consulted and valued info source for us. Especially, thanks Kevin for your willingness to answer our questions, and sometimes it were hard questions .
Gentlemen, the info of independents is in front of you, use it.
stills, you believe in something after doing your homework or not.
If you are a believer, stay with it. It is sometime frustrating reading all the negative, but also sometime it gives you a other outlook.
I, or better us, never doubted that the Huajie deal was real. Said this, I confess that I am also be taken by surprise.
Thanks to a unnamed person who supported us with their/his insight. Some on this board know who this person is.
Tradefan, I am surprised that the Huajie deal shall be concluded this month, we estimated it to be done end of next month. However, last Friday was a present for us, we were all on the buying end of the rope. Thanks sellers, pure luck.
This is something what has been happening on several occasions, I always defended myself when thy were make fun of my mistakes, saying this : I you was half as good in my Languas as I in yours.....
Makes sence
To be honest, this is the way of my thinking also, and I am thinking this already for a wile.
Sorry, no comments on this here.
What baffles my more is the question of where those shares are coming from.
I know what I know, but who are the sellers?
Oh yes, and there is also a very active ‘frontrunner’ from our group there, however not active on IH, Therefore you never shall see ‘jan4' interrupting.
This group member is also very active in the KNDI yahoo group. Surprise?????
snow, I am not ‘English’ and in my books it is written as I expressed it, very biiiiiiig smile.
Indeed viking, The share count is changing every week.
There are now also more Canadians adding, but thy are outside our group.
RD, this is of course their problem, not mine, but I am sure that thy are grown up people .
Swede, the accumulated shares are in OUR group only. The total is slightly more than mentioned, according last Saturday’s count. The first reactions concerning the procedure change for the famous F shares, is according the received mails more than welcome. The wary of privacy was needless to say a serious obstacle.
What the two other groups concerns, I have good contacts with them and know their outmost interests, but are not sure of their final intentions. One of the groups is a American group, and the frontrunner there is a very well known person. The second group is around a other know person, but want to stay in the shadow.
I have reasons to believe, that besides myself there is already a direct contact from group one with the company.
Hyperboy :
Thanks for the video, needles to ad that a mail is send to several others.
Gentlemen, I am proud to announce that our group has by now more than 2.500.000 shares.
I can also ad, that there is a more than close watching from others outside our group.
Some under you know that this is not a ‘empty’ statement.
Basically Scandle is right, and I don’t think that thy will dilute, not no the current prize.
Viking, I am very well aware of this, more it happened several times to my.
And indeed it is part of the culture, A Pakistani told my once, after a meeting in Karachi, that politeness don’t cost money, in the contrary, you obtain more than you can image.
Personally, I find it outmost polite to walk your visitor(s) back to their hotel, I would have appreciated it.
I have been many times walked back to my hotel after a meeting, and you know what, you can have ‘of the record ‘ talks.
And this kind of behavior is a sign of respect, perhaps surprisingly, the Russians are doing this often.
viking, I do fully understand your way of thinking and appreciate this.
You are right in some way, as a matter of fact, you are right the whole way.
Of course thy let not go the employees, as a matter of fact thy are using extra locals on pick moments.
Take in mind that the left hand washes the right hand also. It is as I have already sort of dancing on a rope, and believe thy are followed up.
The sell of the diary business, there I can not comment on, but I assume that a lot of politics me have been involved with. It always is, also in the West.
This shall be may last comment today, I have to move on, perhaps see you tomorrow.
Before I invest in something, I inform myself. I can’t do it on my one, thus I have backing from others.
SIAF was a exception as I was the first in it, so I had to educate my friends. Educate is a past sentence now, as I am the educated now. On this subject, and I freely admit it, I am today only the month piece and I feel happy by it.
And yes it is time consuming, but it is worth it.
Again fully in agreement on this, funny we seems to understands etch one on this.
BTW, land use rights are to a max. of 49%.
Happy to see that we have a mutual agreement on this.
To say the truth, I never came on this way of thinking. Somebody, better educated than myself, came this morning in a mail with the explanation of land use rights. And the parallel to SCEI came later.
You was to fast with your answer, but I totaly agree.