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When the star-studded management team rolls up and drops their financials, plenty of merit will be had IMO.
I posted because, as of just a couple of days ago, others, including yourself, were apparently confused about the merging company. Everyone talks about "dd", but some don't actually read the dd put in front of them. Read it.
Posting the full writeup (translated) from http://www.wisinfo.com.tw/tl.htm of the summary at the company's temporary placeholder website at http://www.wisinfo.com.tw/trdx.htm for the company merging into TRDX.
This is the company's past/current/future endeavors. Be sure to read it, if you haven't already, and ask questions if you don't understand something.
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Look a few posts down. 2 other traders own 30M shares. I own 20.7M. Do the math, 3 people own 50M shares alone. We are long a/k/a those shares are off the table. This is thinner than you think. The liquid shares are in the 5s/6s from the last run up.
Thanks, please also post on the TRDX board so hopefully people are no longer confused.
Agreed. The information we have is promising, IMO, but we just have to wait for the real info.
They're from the wisinfo.com.tw site, translated of course.
We've basically had all of the dd here, it's just a matter of waiting now. IMO it's not really worth the time to try to figure out how all of the subs and possible 2nd tier subs all fit, because it's all ultimately under the parent Dazheng a/k/a DC merging to TRDX.
Also, waiting sucks, but I'd much rather be waiting for a merging company to officially come forward than where we were not that long ago, which was basically just stale.
Also, it looks like the company had issues with scammers trying to mess with their shareholders back in 2005/2006.
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They might be more hesitant than normal on unrecognizable emails, whether stock related or not, for that reason. Just a thought. IMO, because of the sub-cos and possibly 2nd tier subs, it's probably taking some time to get everything in order. They seem to have a lot of moving parts.
The paid up capital is $77M USD. People are incorrectly converting from the Chinese Yuan. This is something me and floridany discussed a while back. The conversion is New Taiwan Dollar (NT$). The Taiwanese have their own currency, and they refer to it informally as "yuan", which is where people are getting confused.
Also, the whole company has to transfer to be able to execute their plans listed on the temp TRDX site. The sub-cos are in different lines of work.
For example:
30 construction projects, 2 terminals, a hotel - Huanyu Technology Co., Ltd.
precision stainless steel manufacturing - Hao Gang Technology Co., Ltd. a/k/a Valand Industrial
We have no idea what all they could have for assets and hopefully since these companies have been around a while, they are in decent financial shape. The 5G part is the sexy part, but people are sleeping on the rest of it. There's much more beyond that.
I guess I would just buy more, huh? No cares about any downtrend, it's a buying opportunity, especially for those who bought in the 5s and 6s.
Just looking at the 2018 shareholders meeting, the parent/sub is something along these lines:
Parent: Dazheng System Co., Ltd - paid up capital 2,404,523,150
Subs:
Huanyu Technology Co., Ltd.- pd up cap 615,218,840
Hao Gang Technology Co., Ltd.- pd up cap 467,500,000
Weizhi Optoelectronics Technology Co., Ltd.- pd up cap 721,040,000
Fuzhi Fiber Broadband Communication Co., Ltd.- pd up cap 700,000,000
Net Giant Technology Co., Ltd.- pd up cap 13,000,000
I just threw this together, pulled from different sites, so numbers don't quite match up to the parent. There are possibly subs to the subs the way it looks. I'll have pull the info from one site and see if numbers add up better when I have time.
"Dazheng" and "Taisho" are interchangeable terms/words from what I can tell. I also believe the term "wistek", in and of itself, is a generic term to mean "wise tech" a/k/a smart technology.
Dazheng/DC/Wistek/related sub-companies are rooted in Taiwan and are essentially a big part of the growth plans of the region. Just quickly browsing Hanwang/Hanvon, I don't see them as being part of the same group. However, there might be a supplier relationship between them.
For reference, the NVSOS updated for R3P0 on 09/24, a week after TRDX, haven't heard anything on that either.
The dd on the company merging into TRDX is best summarized in these 4 links. We're just in hurry up and wait mode, which is boring unfortunately, but the dd is here for the most part, you just have to read it and ask questions.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151324193
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151430740
http://www.wisinfo.com.tw/tl.htm - full info of summary on temp TRDX website at http://www.wisinfo.com.tw/TRDX.htm
The projects/products are handled by several sub-companies. That's what I haven't quite dug into yet. The apparent structure of the company and info of officers of the sub-companies.
I see that 43 held and we didn't make it to 35. 40s are looking thin.
No trades. MMs will start playing with it. rjack18 do you have any theories?
Haha, well my account was created 2 months ago. I just never bothered with it, but it just became too much of a pain in the ass to keep up with all of these boards without one.
Thanks, I've got SIPN out of those. I'll have to take a look later.
I won't put any bids in today and if it goes that low, they're all yours. You have read the dd and you want in or want more. Others may get there first, just sayin'.
This is from the 2017 shareholders meeting:
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I believe "WISTEK CO., LTD." is the short name for "Weizhi Optoelectronics Technology Co, Ltd." a sub-co under the "Wistek" umbrella.
Also, the 960K revenue is likely outdated/inaccurate.
I'm holding a good amount too and I want to say there are several others on here holding at least 10M. I think this ticker is thinner at these prices than most flippers realize. These recent bid/ask spreads are crazy.
Same feelings here. It'd be much better in Lazar's hands IMO, but like you said either way it's a win for shareholders.
I'm pretty satisfied with the dd we have, I'm just waiting for the company to come forward as I am with another Lazar ticker.
Looks like they rescheduled from 10/01 to 10/16.
If the float is somewhat accurate at about 270M, I would think at least half if not more is held by 10 ppl maybe.
Referring to just the OTC part on following suit. Haven't followed up if they updated their position on that. I would think they'd cave. $7 goes a long way in the beginning stages of these Lazar plays, lol but also srs.
That's who I'm with. I'd imagine they'll follow suit with the others to stay competitive.
35. This person is "predicting" low 3's/high 2's. I'm just saying they will need to bid above that, because I'll gladly take them at 35. Just helping them plan their bidding accordingly. They keep coming back, so clearly they have an interest.
You'll have to buy above 35, that's not opinion, it's not charts, it's my dry powder.
It's possible, rjack18 can you confirm this is the sourcing for your dd?
Since you are providing (rather poorly supported) predictions, I will provide mine. Shares=gone before they ever get to that level. I have dry powder, I will add before they get to that level. You can't will the share price down, holders have to sell out. I would be there to shake their hand as they exit so to speak. The dd is strong, your predictions IMO are not.
Yes, it is frustration, especially when you've had what most people would consider a "decent" amount of money invested for a lengthy period of time.
Read the dd on TRDX that has been posted here. Also, do your own dd on TRDX if you have any doubts. Decide whether you want to own, continue to own, add, short, etc., BASED on dd. It's that simple.
Lol, the OS has been 1.8 for 6 months. You clearly are not familiar with TRDX in the least.
My thoughts exactly.
You do understand they were making a joke, right?
Also, I called that company that you incorrectly identified, they want to hire you because of your research skills.
Yeah, it's def noticeable when it's normally the usual 10k
And 700k bid, 91k ask. Showdown at the TRDX corral. What will the almighty 91k shares go for?
There doesn't appear to be much available in the 4's anymore.
You are overthinking this