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Murphy Liu...Golden Resource, Chile mining, etc.....
Unusual name reservation activity in December.....
There has been some activity on the name reservation front that has caused my eyebrow to raise a little. It may or may not have a direct connection to SUIP or be a harbinger of something happening, but it definitely has my attention given there has been some "unusual" volume activity just recently and more than 3.5% of the company traded hands in a single block back in May 2012.
Over the last 3 years or so Shaojun Sun (SUIP's Vice President and CFO) has been filing name reservations in Nevada for either "Sunrise Mining Corporation" or "Sunrise Mining". Another reservation for "Sunrise Mining Corporation" was filed on December 1, 2012. What makes this particular filing interesting is the fact that the reservation holder for this filing was not Shaojun Sun, but an individual named "Murphy Liu".
After doing some Google searches for that name in the US and China, the one hit that seems to make some reasonable/logical sense to me is a person living in California. His LinkedIn page describes him as a "mining industry investor" who is currently employed as a personal banker/loan officer with Bank of America.......
www.linkedin.com/pub/murphy-liu/15/196/5b9
Nevada 12/1/2012 name reservation.....
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=OjlYOX6jjR7tf1CO3D1c0g%253d%253d&nt7=0
Ares Song
Consultant
Shanghai City, China Mining & Metals
Consultant
October 2012– Present (10 months)
Financial Planning, Investment Strategy, Project Assessment, Team Management.
Ares Song's Projects
Chile Mining
October 2012 to Present
Team Members: Ares Song, Murphy Liu
Copper, Gold, Diatomite, Lithium and etc..
Limited resources, unlimited wonderful!
We are an aggressive pioneering Mining Investment Group, is committed to creating long-term high-quality corporate investors value and development stage.
2010 spring and summer, Golden Resource (Xin and investment) in Los Angeles formally created. Based group was founded in the United States, Chile, China, Hong Kong, China and other places of social resources, investment background, operational experience and other competitive advantages, the Group focused on Chilean mining investment and development opportunities.
As an emerging professional mining investment group, we are not only for the development of Sino-Chilean mining prospects full of longing, but also for the future development of the huge mining potential and bright prospects to build a solid foundation for the development. We in China, Chile and other places rich mineral reserves will achieve our long-term development strategy to provide reliable protection.
Our expertise, investment philosophy, social resources, project operation, management and other aspects of the comprehensive advantages ensure that we can for the community, investors, partners, employees provide efficient development value wealth and social benefits.
For the future, we are confident!
April 04, 2013 the Group Executive Director Mr. Murphy liu Special Adviser, Mr. Ares Song reach Chile branch of the branch of the new demonstration project site visits and meetings of the company's work for the next step detailed guidance and deployment.
On 29 January 2013 Group Special Adviser, Mr. Ares Song song with the Chilean company official visit in Chile Embassy bright line, with the Chilean ambassador and embassy, Mr. Luis Schmidt Montes-depth exchange of senior executives of the Group's operations in Chile development and future development plans, to get positive affirmation and praise.
January 09, 2013 the Group 2012 Annual Summary Conference 2013 Annual Meeting was successfully held in Jinan, China. Group leaders returned with overseas companies and companies old and new staff cordial interaction. Start of the year 2013 to lay a good foundation.
September 15, 2012, Taiyuan Iron and Steel Group Group leaders visit with TISCO Group leaders and the group projects / resources and the foreign affairs department in charge of the leadership forum.
August 2012 Group Chilean copper company registration Las Vegas.
March 2012 Group Xin (Chile) was founded.
October 2012 Group Xin Investment Co., Ltd. and resources established in the United States.
October 2012 Group Xin Investment Co., Ltd. and resources established in Hong Kong.
June 2011 acquisition of Yunwushan copper and gold mine in Chile.
April 30, 2011 Group leaders led the team to visit Yanzhou Mining Group, Yanzhou Mining Group and chairman Wang Xin, general manager Li Weimin cordial talks.
May 2010 Group of companies to invest in Shandong Province Bureau of Geology and Mineral Chi Lee, TX about gold project.
temp luvs amy...QMIS shell.....
Thanks for the info. Does the QMIS shell have a symbol? Any chance he will merge it into this? QMIS might be able to put together a $12 issue, no?
Intern blog...June 14, 2013......
Nicholas J. Cruise, an intern at Viking Investments' office in China, posted this blog entry on June 14, 2013. The blog has a couple of photos, which can be viewed in the link below. I have highlighted some items of interest......
My First Week as an Investment Banking Intern
By Nicholas J. Cruise – Nick is participating in a Custom Date Internship in Shanghai. He is from Providence College.
My first day of work began on Monday, June 3rd. I woke up in the morning very excited and anxious to begin a new experience. I was accepted as an intern for an Investment Bank in the city called, Viking Investments. This firm was originated over twenty-five years ago in the Wall Street area of New York City. Chairman Tom Simeo, a native from Sweden, decided to bring the company to Shanghai nearly five years ago. This switch was difficult but it enabled the firm to open into a market that they were unable to reach before. Viking Investments works with both U.S. and Chinese companies through financial consulting, and the underwriting of various financial securities. The main objective of this firm is to reach out to a client and fulfill their financial needs, whether it is through raising capital in an IPO process, or issuing debt in the bond market.
As an intern with this firm, I have many responsibilities and job duties; provide support to direct manager to accomplish due diligence work, assist the team with business plans and assignments, and act as a liaison to communicate with American banks, to name just a few. On my first day of work, I entered our building in the northeast part of Shanghai and walked to the 9th floor. My first interaction was with supervisor, Elle Zhong. As a native from China, Elle works as Tom’s manager in the firm when he is away on business negotiations. In addition to Elle, our firm has employees located in various locations across the world; tech-developers in India, consultants in America. Within my internal team at the firm, I am currently working alongside two interns, Blair and Narain. Blair comes from a small town in western China, and speaks mandarin as her native language. Narain is from Washington D.C. and studies at Carnegie-Mellon University in Pittsburgh, PA. It is a great opportunity to work with interns who come from a different area than I do. This allows us to learn a lot from each other and ultimately be more effective in the work place.
My first project this week was to complete due diligence work for one of our clients, Liberty Chemists. This company in China reached out to us for consulting and loan services. Liberty is in the process of creating an online pharmaceutical company, where citizens of China can purchase major drug prescriptions online and hassle-free. My job as an intern is to research a list of the one-hundred most popular prescription drugs in the world. Gathering information from various online databases, my job is to assemble 2-3 page reports on each drug. The formatting of these reports is as follows: description of drug, how to use drug, when not to use drug, and common side effects of the drug. In addition to these reports, I must come up with keywords for search engine optimization. These words are crucial because the more specific and thought out, the easier it will be for consumers to find the specific drug products when they search online.
Over the course of the week, I have put together roughly ten reports on various drugs, such as: fincar, rabesec, nemmda. Most of the drugs I have been researching have to do with common problems that our world faces today. Fincar is a drug that helps prevent male pattern baldness through the process of stopping testosterone from being converted to dihydrotestosterone (DHT). Nemmda is a prescription drug used to prevent Alzheimer-type dementia, while Rabesec is a drug used for acid reflux and stomach ulcers. The reports I put together will be the online information consumers read upon purchasing the specific products.
My first week as an intern went very well. Although we are doing a lot of busy work, it is what is necessary to complete our overall objective of providing our client with the proper consulting services. We have some very interesting projects ahead of us for the summer, such like: creating an online classified shopping center that is based off of China’s www.58.com, and America’s Craigslist.com. I am definitely looking forward to working for the firm this summer and more importantly to learning more about how investment banking business operates in a foreign country.
db7...regarding DI_ON, YI_HG.....
di_on, waaaaaaaaay late on filing(s) but what is interesting to me is it has had large relative volume in May/June...
over 210k traded at .048avg...
and also interesting is that there was a 200k bidder at .05 which got hit a little and didn't run..... still there for 171k
it's scarring me with how late it is on filing but the action (hopefully) indicates 'something'
we will see.
Five students in the Master of Science in Applied Accounting and Finance (MScAAF) programme received the Ya Kun Scholarship. They were Yang Jingyu, Liu Xiaolan, Huang Xiran, Huang Lu, and Xu Qiyuan. A scholarship presentation was held on April 29, during which Ms. Song Yakun, Chairman of Jilin Fooding Foods Group Co., Ltd., made a donation of HK$40,000 for the scholarship.
“I hope that students of the programme will make the best out of their learning experience, and become contributing members of society in the long run. My company will continue to provide support for the School of Business and its students,” Ms. Song said.
Students of the MScAAF programme are eligible to apply for the Ya Kun Scholarship. Selection criteria include applicants’ cumulative Grade Point Averages, outstanding achievements and financial needs, as well as their performance in the selection interview.
temp luvs amy....CDBH status.....
Did they own the website? Changed it again.
It looks like Chin's style.
www.dqsyjy.com/
A bunch of letters for a web address. Same style as the CLAD site?
Guy...SGBL shell, change in control.....
Yes, SUIP is very cheap. I wish they would
do something with the shell already.
Meanwhile, i am trying to play the runs and accumulate
more. Sold some @.05 and bought back what i sold and more
@.014 (around 150k shares). I now own 3% of the OS shares.
On May 16, 2013, our controlling stockholder, Shaojun Sun, sold 2,300,000 shares of our common stock (the “Control Shares”) held by him to Greenkraft, Inc., a California corporation, for $125,000 pursuant to the terms of a stock purchase agreement. As a result of this transaction, Mr. Shaojun Sun transferred control of us to Greenkraft, giving Greenkraft approximately 68% of all votes entitled to be cast in any matter requiring or permitting a vote of stockholders.
gontolo...regarding VKIN.....
I know this was written back in October but what are your thoughts now?
Shuster...comments/statements on VODG's media.....
Neuromics CEO Pete Shuster has made a couple of interesting comments/statements about VODG's media (MSC-Gro) in some of his posts on LinkedIn forums during the last couple of weeks or so. It sounds like Neuromics/VODG are now actively involved with some foreign entities in the area of hMSC expansion.
He provides links to that 4/30/2013 slideshare presentation on Biopharma musculoskeletal disorders in each of the posts, so there is no mistaking that he is directly referring to Vitro Biopharma's media product. I have placed in bold a couple of things that caught my attention......
1) Optimizing Expansion of Autologously Derived hMSCs
We are working with several non US orgs that are expanding fat derived Stem Cells for treatment of Musculoskeletal Disorders. The theory is better media=more hMSCs; more MSCs=better therapeutic outcomes. Do you agree? Is anyone out there expanding hMSCs prior to treatment? How many cells do you think are optimal? Do you think the regs are too restrictive in the US re expansion of autologously derived stem cells?
http://www.linkedin.com/groupItem?view=&gid=4117443&type=member&item=239799900&commentID=137244805#commentID_137244805
2) Great David. Clinics in countries (like Australia) that have a regulatory climate that allow expansion of autologous or allogeneic MSCs for therapies have found our media to lower costs=more cells in less time: www.slideshare.net/pshuster1/biopharma-musculoskeletal-disorders4302013-20475556 . If you have interest, let me know.
http://www.linkedin.com/groupItem?view=&gid=4117443&type=member&item=241091903&commentID=138438666#commentID_138438666
OSU research...media and cells were used.....
It looks like MSC-Gro may have been used in some pancreatic cancer research conducted by Ohio State University. It started showing up on Google hits in late March or early April. The full text of the research project is not freely available so I'm not able to confirm that, or see if any of VODG's stem cells were also used......
Pancreatic Cancer-Associated Stellate Cells Promote Differentiation ...
cancerres.aacrjournals.org/content/73/10/3007.full
May 15, 2013 – A commercially available human fetal primary pancreatic fibroblast cell (HPF) line purchased from Vitro Biopharma was cultured in low serum MSC-GRO media ...
AHAG(.008)....might be worth monitoring.....
One interesting thing the GWAY and AHAG shells had in common: both shells had management with current or past connections to the Steel Partners hedge fund (see post 3851).
WFAM...Gepco Mining Ltd......
Still holding my position in WFAM. I have my fingers crossed that the likely new reverse merger with Gepco Mining Ltd will result in some decent additional upside, but obviously still quite a bit of risk involved.
What made the structure of the Clairnet reverse merger interesting to me (and one of the reasons I established a position in the stock) is the fact that it appeared that the main parties involved seemed willing/interested in starting from a low-price level and make an attempt to push the stock upward. Which, to a certain extent, is somewhat different from how they have traditionally set up their RMs.
Gepco Mining Ltd registered in Nevada on March 5, 2013.....
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=bUbIwgvE5AWytTMwf0GRXg%253d%253d&nt7=0
Gepco website registered by Trisha Malone on April 17, 2013. WFAM ticker symbol and links appear on the website.....
http://www.gepcoltd.com/Home_Page.html
rocketeer357...customer revenue, OSU, Junzhi Li, etc.....
So how much product did that impressed customer buy?
Attended my first meeting as a Vitro Biopharma board member in Winter Park, Co. What and inspiring location and team. We will have many new Stem Cell Related Product Announcements in the coming months: http://vitrobiopharma.com/
SUIP/SGBL shell valuations....valuation disparity continues.....
One of the brothers who owns/controls the SU_IP shell also owns/controls the SG_BL shell ($1.25 x $2, bid/ask). There is currently a huge disparity in valuations between these two shells.
Additional website developments.....
It looks like on the same day that the agreement with IceLounge Media was terminated, TGFN's SportsCast Apps website was redesigned, took on the new "Redify" name, and some additional information about Redify Group was included. It doesn't appear that there are any mentions of IceLounge or any of the websites (sports, fashion, Moms Corner, etc) that were possibly going to be acquired in the agreement, so it is logical to assume this new website was put online with the full knowledge that the IceLounge agreement had been terminated or was unlikely to be completed.
Lead Generation Platform
Coming soon! Redify is working closely with industry experts and will soon unveil a ground-breaking lead generation platform. Stay tuned to this page for more details.
Interesting developments...Sam Gaer, Redify.....
On December 31, 2012 TGFIN Holdings, Inc.’s (TGFN.OTC) (“TGFIN”) entered into an agreement to purchase certain assets and technologies (“Assets”) from IceLounge Media, Inc. (“IMI”), an unrelated party, in exchange for 49% of TGFIN's common stock. On April 15, 2013 both parties mutually agreed to terminate the agreement prior to closing without obligation, penalty or consequence to either party. The Assets were returned to Ice Lounge and TGFIN’s common stock was not issued.
Redify was built on the belief that if you build an excellent product that makes a market or process more efficient, the world will take notice. We are passionate about delivering innovative and creative products. The Redify team has deep and broad experience in creating value and we are extremely excited to be able to continue that legacy once again.
We believe that great solutions are more often than not right in front of us. We believe in directness, fairness, and honesty. We are always looking for innovators and creative people who share our beliefs and drive to be the best at what they do. Redify is built on an entrepreneurial spirit that is the fabric of this nation. Redify's primary products are currently the SportsCast line of apps and its soon-to-be-released lead generation business for the financial sector.
Redify (fka TGFIN Holdings) is a publicly traded company (OTCBB:TGFN) that specializes in acquiring and developing technologies that are timely and relevant. Redify's leadership has extensive deal making experience and prides itself on identifying early-stage technology companies and developers who desire the transparency and directness of the public markets.
Obdulio Piloto...comment about MSC-Gro......
In a March post on the Neuromics blog, Obdulio Piloto (from Conversant Biologics, Entopsis, and Protean Labs) commented on the performance of VODG's MSC-Gro......
We can say our MSCGro Media Mesenchymal stem Cell Media stacks up well vs our competition. The proof, though, is in the data and what our customers say. Here's a testimonial: "Your MSC-Gro media worked great. We carried out a simple pilot study where we plated an equal number of cells from a few CAF samples in both our traditional media and yours. We took a look at the cells on a daily basis, and by 3-4 days we saw a clear increase in cell numbers using your media." Obdulio Piloto, Ph.D., CSO of Conversantbio Inc.
RickKayne...HemoGenix.....
What is your interpretation of this?
Raise capital and reverse merge into VODG seems like the direction.?
HemoGenix...investors......
About 3-4 weeks ago HemoGenix placed an investors section/page on its website. This is the first time that I have seen HemoGenix openly invite outside investment in the company......
This page contains classifed and copyrighted material and requires a login.
HemoGenix is a private, revenue stage, life science company with patented and proprietary assays. Our assays are for cellular therapy and regenerative medicine where stem cell products must have the highest quality and potency for treatment of patients.
HemoGenix is open to investors looking for a promising bioscience opportunity with positive cash flow. If you have an interest in our company, please call:
(719) 264-6250.
db7...TGFN, Redify Group.....
I'm still holding my position in TGFN, as I am anticipating that we will see better/higher prices in calendar 2013 (either in the form of a somewhat sustained move upward, or some sort of large pop/surge/spike).
Looks like the new website(s)for the company was registered by Kevin Ghim (co-founder of Ice Lounge Media) in early March. The sites haven't been online yet......
http://www.redifygroup.com/
http://www.redifymedia.com/
I would assume that following the reverse split there will probably be some increased PR/IR type of activity. If they are planning on bringing in some outside investors in the second round of financing (or even if it is just some more insider buying), things could get a bit interesting if some of my rough financing calculations are somewhat close. The tradeable float on a fully-diluted basis is probably going to somewhere in the 1-1.5M share neighborhood after the split, so there could be some interesting volatility.
Whoever put together the 10-K filing for TGFN really made a bit of mess by forgetting that the 1:10 reverse split hasn't occurred yet, so the numbers/info in the filing are pretty confusing.
One interesting thing I noticed in the 10-K is that the company sold 1.7M shares at .02 during the second half of March. If the dates and share ownership numbers are accurate, it appears that Marni Gaer is not the person who participated in that placement. So, this is the first time that the company has done a placement/financing to someone other than Sam/Marni Gaer in a very long time.......
Between March 12 and 22, 2013 the company sold 170,000 shares of its common stock for $34,000, or $.20 per share.
VK_IN...large increase in job postings.....
There has been an extremely large increase in VK_IN job postings during the month of March. I have seen at least 14-15 different positions posted within the last 30 days (and some of the jobs require multiple people). According to the last available data, 92 people have made applications for these positions.
Most of the openings appear to be related to internet technology and the online gaming business mentioned last year. The company is seeking people in the areas of web development/design, graphics, software engineering, marketing, search engine optimization, administration, etc.
I'm also pretty sure that VK_IN placed an ad in March for a job opening related to one of the clothing companies that it has in its reverse merger pipeline.
http://translate.googleusercontent.com/translate_c?depth=1&ei=hERaUdCcKqfJyQHTpoDYDw&hl=en&prev=/search%3Fq%3D%2522viking%2Binvestments%2522%26num%3D100%26hl%3Den%26lr%3Dlang_zh-CN%26safe%3Dimages%26tbs%3Dlr:lang_1zh-CN&rurl=translate.google.com&sl=zh-CN&u=http://www.01hr.com/company/b-665854567257_1.html&usg=ALkJrhhKjilODtebiNGV9oe4sq7KYq5jjQ#jobzw
Vitropin...commercialization statement repeated.....
According to the 10-K, commercialization of Vitropin (fertility drug) is expected to occur this year.
In addition, we continue to work closely with the licensee of our FSH patents to develop business opportunities. We anticipate commercialization of these products during 2013 and additional revenues to the Company from royalty income.
Endothelial cell launch...2013 Q2.....
According to the 2013 Q1 report, the endothelial cell launch has been pushed back into VODG's second quarter (January - April). So, it is likely we will be seeing an endothelial cell announcement/launch sometime in the next month or so (April 2013)......
We are currently developing MSC-derived endothelial cells and plan launch of these products in our second quarter of 2013 and intend to further expand these product offerings.
swampboots...added to my position....
If WFAM points officialy in even a cloudy direction of entering some arrangement this stock can do a very quick ultra super lottery move...cancel all vacations.
Liabilities. Clairnet does not have any debt, liability or obligation of any nature (including guarantees or other off balance sheet arrangements), whether accrued, absolute, contingent or otherwise, and whether due or to become due, that individually or in the aggregate exceeds $20,000.
Vitropin commercialization expected during 2013.....
According to the 10-K, commercialization of Vitropin (fertility drug) is expected to occur this year.
Corporate overview section of the VODG website.....
In addition to our stem cell technology and products, Vitro Biopharma holds two US patents with application to the manufacture of follicle-stimulating hormone (FSH), a fertility drug that has been used to treat infertility for over 50 years. During 2011, Vitro licensed two of its patents and certain rights to other related intellectual property to Dr. James Posillico, a renowned expert in Assisted Reproductive Technologies (ART). Dr. Posillico and his team of professionals have recently begun the process of registration of Vitropin™, Vitro’s lead FSH product and related products in certain foreign markets. This registration is being pursued together with the establishment of a separate manufacturing contract and various distribution partnerships. Product marketing, distribution and sales will be managed by an international group of professionals that have considerable expertise in the distribution of similar products in the ART field. The development plan also includes registration for marketing approval of Vitropin™ in several additional countries including the US and EU that collectively represent a multi-billion dollar market.
Through Vitro Biopharma’s license agreement, the company is entitled to certain royalty payments based on sales of Vitropin™. We anticipate contribution of this source of income to our profit and loss statements, especially since this income has minimal associated costs and is mainly transferred to our bottom line. While Vitro Biopharma’s operations are primarily focused on commercialization of its current line of stem cell products and development of a deep pipeline of related products, the company has diligently pursued commercialization of Vitropin™ through its partnership with Dr. Posillico and his team of collaborators.
Dr. Posillico has an extensive career in the development and commercialization of pharmaceutical products, diagnostics and devices used in the field of assisted reproductive technologies. Following his academic career at Harvard Medical School, he was an executive at Serono, now EMD-Serono, the pioneering leader in the development and sales of fertility drugs. From 1985 to 1993, he held various positions at Serono with responsibility for marketing, clinical development and regulatory issues related to various fertility drugs and pharmaceutical products in other therapeutic areas. Dr. Posillico also served as General Manager of Serono Canada, Inc. with overall P&L responsibility. From 1996 to 2002, Dr. Posillico founded and managed a medical product and device firm, Sage Biopharma that specialized in providing support to assisted reproductive technologies. In 2002, Sage was acquired by Cooper Surgical, Inc, a wholly owned subsidiary of Cooper Companies (NYSE, COO). Dr. Posillico then became Chief Scientific Officer for Cooper Surgical where his responsibilities included business development, primarily in reproductive medicine while providing scientific oversight of acquisitions and licensing. He later founded Molecular Biometrics in 2006, a diagnostic company that developed and launched a product to assess embryo viability in in-vitrofertilization procedures. He is now President and CEO of Translational Technologies, Inc. a biotech firm located in Chester, NJ focused on development of various advanced technologies into commercial products.
We may also engage in additional alliances with other third parties who provide expanded distribution of the Company’s products. The Company focuses its limited resources on product development, manufacture and expansion of its product lines and has only limited available resources for direct sales efforts. Thus the distributors of the Company’s products are an important component of our current sales program. In addition, we continuously work closely with the licensee of our FSH patents to develop business opportunities. We anticipate commercialization of these products during 2013 and additional revenues to the Company from royalty income.
Additional 2008 connection between Sun/Xuding......
For those unfamiliar with Jiao Xuding and his past connection to SUIP, the post below can provide you some insight.....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59136229
Copower Enterprise has a new website available now......
http://www.copowergroup.com/
A pretty interesting thing started showing up while I was doing some scans/searches recently. A 2008 powerpoint presentation from Vinco Financial Group shows that the business/financial relationship between SUIP CEO Xuguang Sun and Copower Enterprise CEO Jiao Xuding extended beyond just Xuding's investment in SUIP during 2008.
Apparently Sun and Xuding were part of the management/director team that was forming a new investment fund company (China Energy Fund Company Limited) to be listed on the Hong Kong exchange. Two large financial institutions were assisting the company with a $30-40M financial raise and the listing application/process. The focus of the company was investments in energy-related companies/projects. Non-executive directors included financing-related people, and consultants to the company had business/investment/political connections to the Middle East.
Below is the snippet of text that shows the Sun/Xuding involvement here, and below that is the full, unedited text.....
Management team
The implementation of the recommendations of the directors:
Mr. Jiao Xuding modern long and Investment Co., Ltd., Shaanxi long and Petrochemical Industries Co., Ltd., chairman and director of Bank of Ningxia.
Mr. Sun Xuguang, electronics graduated from Xi'an Jiaotong University, worked for the Department, Foshan City Star Lighting & Electrical Co., Ltd. as general manager, the current general manager of Nanhai District, Foshan City Square, Mr. Sun also Sunrise Mining Corporation, Foshan Huixing Lighting Electrical Appliance Co., Ltd., Hong Kong Star Lighting Group Co., Ltd., Nanhai, Foshan City Square Co., Ltd., Hong Kong Wan Jiang Development Co., Ltd. mainly or wholly owned by shareholders.
China Energy Fund Limited
China Energy Fund Company Limited
China Energy Fund Limited
China Energy Fund Company Limited
Preliminary financing and listing recommendations
March 2008
China Energy Fund Limited
China Energy Fund Company Limited
Directory
Sequence 3
Listed on the Main Board of the Hong Kong Stock Exchange requirements 4-7
Industry Overview and market prospects 8-26
Preliminary corporate structure and listing plan 27-37
Table of Contents 2
China Energy Fund Limited
China Energy Fund Company Limited
Sequence
Grand Vinco Capital Limited (hereinafter referred to as "the domain of high finance) and Ample Capital Limited (hereinafter referred to as" Ample Capital ") knows the China Energy Fund Limited (hereinafter referred to as" China Energy "or" your company ") is looking for financing channels, it is proposed that the future for your company listed in Hong Kong as a co-sponsor to help your company finance work with your company business development and listed in Hong Kong in the future to prepare.
We are very proud that this goes to this financing proposal, be willing to contribute for your company's corporate development. We also hope that the chief financial adviser / co-sponsor, to create favorable conditions for the financing by listing rules CHAPTER listed in Hong Kong in the future of your company. The proposals listed can provide secondary financing its range of services, procedures and related service charges for your company reference.
China Energy Fund Limited
China Energy Fund Company Limited
The requirements of the Main Board of the Hong Kong-listed
Listed under chapter 21 of the Listing Rules
China Energy Fund Limited
China Energy Fund Company Limited
Listed on the Main Board of the requirements of chapter 21 of the Ordinance
New applicants must appoint a sponsor to assist the processing to the listing application acceptable jurisdictions: Hong Kong, Bermuda, the Cayman Islands and the People's Republic of China can be used for primary or secondary listing
Is a newly established investment company, In addition to the consent of the Exchange and in the listing document dated listing stated investment objectives, policies and restrictions contained in the listing document, without the shareholders agree, can not be changed at least three years
Offer Shares for the first time or the first sale of units (the newly established investment company), or the listing of the company (referring to the existing investment instruments), any person who is allowed up to control 30% (or the "Takeovers Code" from time to time be provided for Council triggering a mandatory general offer the required percentage) Thereafter, any person is allowed up to control 30% of the voting rights can be exercised at any general meeting of the Investment Company
China Energy Fund Limited
China Energy Fund Company Limited
Listed on the Main Board of the requirements of chapter 21 of the Ordinance
The investment company also can not own or control more than 30% of any one company or organization holding voting rights
20% of the investment company held by any one company or organization to the issue of the value of investments in securities, investment company shall not exceed the net asset value of the investment
Personality, experience and character of a director's suitability as the issuer of the relevant duties, and proved to have the competence to the post and on behalf of third party investors to provide professional investment management
Exchange usually requires investment companies to have at least three hundred shareholders at the time of listing, and each shareholder to subscribe for not less than HK $ 500,000, the market value of the investment company stock
China Energy Fund Limited
China Energy Fund Company Limited
Listed on the Main Board of the requirements of chapter 21 of the Ordinance
Investment company shall within fifteen days after the last day of each month in accordance with the provisions of Rule 2.07C of the Listing Rules to publish its monthly end net asset
At the time of listing must have at least 300 shareholders, largest three public shareholders can not have the 50% or more of the total shares held by public shareholders
Any custodian, management company, they have any relationship with the director of the person and any investment company and the management company shall deliberations on the project (or any of their associates have a material interest in which) meeting to vote its shares They are also not constitute a quorum for the meeting
The investment company generally must be entrusted to a custodian or trustee acceptable to the Exchange must disclose in detail the contemplated use of the proceeds raised
China Energy Fund Limited
China Energy Fund Company Limited
Industry overview and market outlook
China Energy Fund Limited
China Energy Fund Company Limited
Industry Overview
Energy industry covers a wide range of areas:
Direct business development and utilization of coal, oil and gas, electric power.
Thus coalbed methane, water reserves, development of new energy and renewable energy (including solar, wind, geothermal, ocean energy, biomass energy, hydrogen energy, until the new energy and building integration technology, etc.), and utilization.
Related business involving technology, refining, storage, transportation, machinery, environmental protection, new rural construction.
China Energy Fund Limited
China Energy Fund Company Limited
Industry Overview
Huge space for development:
Long-term significant growth in demand for energy due to economic development, international long-term energy prices to soar.
Plus domestic energy specific to the status quo and the growing problem of
Relative shortage of resources ? ? low energy use
A quite rational ? ? structure needs North production Nam Wan, West produced the East
? ? labor productivity is low energy and environment issues
To promote and speed up the adjustment of energy structure, improving technology, construction, storage and transportation facilities, improve energy efficiency, as well as speed up the energy and environmental issues and cooperation with foreign countries and international operations.
China Energy Fund Limited
China Energy Fund Company Limited
Industry Overview
Energy prices continue to soar:
Industry sentiment index is in the high oil and gas and other energy prices will continue to soar.
"A prosperity, a loss will be ruined," the status of China's energy for the development of all walks of life is a self-evident fact (see Figure 19 - International Petroleum annual average price).
China Energy Fund Limited
China Energy Fund Company Limited
Industry Overview
Oriented economy and national energy policy:
Domestic energy supply and demand gap, China has moved from a net exporter of coal to a net importer.
Some data indicate that 6% a decade ago due to the dependence on oil imports has been increased to nearly 50%, the trend of demand is likely to exceed 60% of China's energy is related to people's livelihood, a matter of national security, a matter of the Chinese economy in the world The economy is facing a new recession remains steady development.
Beijing Municipal Government decided during the Olympic Games to be part of policy-oriented use of bio-ethanol gasoline, lead to domestic enterprises and listed companies engaged in the development and utilization of new energy sources, especially in R & D and production of bio-ethanol price rose sharply.
China Energy Fund Limited
China Energy Fund Company Limited
Industry Overview
Economy and national energy policy orientations: (Continued)
In addition, the state of attention to energy development, such as the discovery of the Nanpu Oilfield and the snowstorm event in early 2008.
CPC Standing Committee meeting of coal, oil, electricity, transportation problems, President Hu Jintao personally go down to promote coal, energy legislation, management-oriented, invest, support and protection efforts are increasingly intensify.
Newly established in the 2004 National Energy Board; 20.1% in recent years, the annual average growth rate of the national investment in energy, the rumored 500 billion of new investment in the next 15 years, but also for renewable energy and nuclear energy and other alternative energy strategy implementation.
China Energy Fund Limited
China Energy Fund Company Limited
China's oil market outlook
Since 2005, the steady growth of China's oil demand, mainly by rapid growth and increase in per capita income of the residents increase in the amount of demand driven by the domestic transport. (See Figure 15 and 16 - the trend of domestic civil transport and from 1999 to 2005, Chinese oil consumption).
In addition, the various airports across the country in 2006 completed a total passenger throughput 33,197.3 million passengers, an increase of 16.7% over the previous year. The cargo and mail throughput of 7.532 million tons, an increase of 19% over the previous year. Aircraft movements to 3.486 million vehicles, an increase of 14.1% over the previous year. The aviation industry also constitutes a growth in demand for oil.
China Energy Fund Limited
China Energy Fund Company Limited
Domestic civil transport trends
China Energy Fund Limited
China Energy Fund Company Limited
China's oil consumption in 1999-2005
China Energy Fund Limited
China Energy Fund Company Limited
China's oil market outlook
Only annual performance of oil consumption has reached 330 million tons in 2007, became the second-largest oil consumer.
China's oil demand in the past the rapid increase in the Organization of Petroleum Exporting Countries (OPEC) is also of the view that China's domestic demand will be a steady increase in predicted within a decade, domestic oil consumption expanded from the current 600 million barrels a day to a day 1150 million barrels (see Figure 18 - China's oil demand in 2005-2030).
In addition, the international oil price rise in the past two years (see Figure 19 - International Petroleum annual average price (USD)).
China Energy Fund Limited
China Energy Fund Company Limited
China's oil demand in 2005-2030
China Energy Fund Limited
China Energy Fund Company Limited
International Petroleum annual average price (USD)
China Energy Fund Limited
China Energy Fund Company Limited
Market prospects
In addition to oil, the development and construction of electric power, wind energy, solar energy, coal, environmental / renewable energy investment return prospects in China is also very impressive:
Natural gas
Natural gas has a clean, efficient and abundant resources, convenient storage and transportation advantages. China's energy consumption is dominated by coal, accounting for 72%, while natural gas accounted for only 2.5%, the proportion is much lower than the world average (25%), and also lower than the Asian average (8.8%).
In the next decade, Shanghai and other regional energy demand driven by China's demand for natural gas will be immense. China's natural gas demand will show a rapid growth, with an average growth rate will reach 11-13%.
Demand in 2010 will reach 100 billion cubic meters, while the gap in about 20 billion cubic meters, visible in the broad development space.
China Energy Fund Limited
China Energy Fund Company Limited
Market prospects
Electricity
07 years ago, nine months, mainland generating capacity year-on-year growth of 16.4%, electricity demand year-on-year growth of 15.1%. Such rapid growth, the main demand of heavy industry.
To judge from recent trends, it is expected that in 2008 the demand for electricity will increase by 10%.
Wind Energy
China's total wind energy reserves estimated 1.6 × 109 kilowatts, the world's third, there are broad prospects for development.
The first year of the introduction of the "Renewable Energy Law" in 2005, when the total installed capacity of wind power has soared 65%. Construction of 61 wind farms in the country, only the Inner Mongolia Autonomous Region, the grant of 1.76 million kilowatts of wind power projects.
Relevant statistics show that investment in the field of wind power in China in 2005 amounted to $ 600 million, of which over 400 million U.S. dollars earned foreign fan supplier go. The main reason is self-immature technology, serious dependent on imports of wind power equipment. In the domestic wind power generation equipment in the new market share, domestic products accounted for only 28%, up to 72% of the share occupied by the imported products.
China Energy Fund Limited
China Energy Fund Company Limited
Market prospects
Wind energy (Continued)
According to incomplete statistics, the country this year, the implementation of wind power projects to more than three million kilowatts. At this rate, the national "Eleventh Five-Year Plan" proposed wind power capacity by 2010 target of 5 million kilowatts will be greatly exceeded.
China will become the world's most important wind power markets in the world, will build about 30 100 MW level of large-scale wind power project in the next five years, the eastern coastal areas of northwest, north and northeast regions rich in wind energy resources, and in Jiangsu, Hebei, Inner Mongolia, the formation of one million kilowatts of wind power base, creating a vast market for wind farm development.
China Energy Fund Limited
China Energy Fund Company Limited
Market prospects
Solar Energy
Compared with the booming photovoltaic power generation, China lagged behind developed countries 10-15 years, or even significantly behind in India. However, the Chinese PV industry growth rate of 30% a year, 2005, the total production of solar cells reaches 139MW, jumped 179 percent compared to 2004, reached 400MW in 2006, which surpassed the U.S. as the world's third largest producer, amazing capacity reached 1180MW. 3 annual production increase of 45 times the production capacity of 125 times to become the world's fastest growing countries.
Market trends in the next ten years, the solar cells will be a big change to the 2010 China solar cells for independent photovoltaic power generation system, from 2011 to 2020, China's photovoltaic power generation mainstream market by independent power generation system to the grid power system, including power generation system for desert power station and the city's rooftops.
Project support in national ministries, laboratory solar cell efficiency reached 21%, the commercialization of PV module efficiency of 14-15%, 10-13% of the normal commercial cell efficiency. At present, the production costs of solar photovoltaic cells has dropped significantly, the price of solar cells gradually dropped to $ 33 in 2003 from $ 40 in 2000 / W / W in 2004 has dropped to 27 yuan / watt. This has played a decisive role in the domestic solar market to grow and mature, and has great significance for achieving convergence with the international PV market.
China Energy Fund Limited
China Energy Fund Company Limited
Market prospects
Coal
January to May 2007, China's coal mining and washing industry realized a total industrial output value of 317,665,644 thousand dollars, to achieve total sales revenue 328,429,977 2,000, the accumulated total profit 30,856,989 yuan.
"Eleventh Five-Year" period coal industrial structure adjustment, the best period of industrial restructuring. Coal is China's basic energy, accounting for about 70% of the primary energy mix. "Eleventh Five-Year Plan" proposed further established the basic strategy of "coal-based, diversified development", laid the foundation for the booming development of China's coal industry. "Eleventh Five-Year" period requires a new scale coal mines about 300 million tons, 200 million tons of which put into forward and "12th Five-Year" 100 million tons.
China's coal industry will continue to maintain strong growth trend for a long period of time, the prospects for the development of the coal industry in China will be very broad.
China Energy Fund Limited
China Energy Fund Company Limited
Market prospects
Environmental / renewable energy
Biomass power generation is one of the renewable energy sources.
Biomass power generation is still in the industrialization of the early stage of development. Report statistics, by the end of 2007, domestic biomass power generation capacity of 2.2 million kilowatts, which bagasse power generation of 1.7 million kilowatts, rice mill rice husk power generation to 50,000 kilowatts, municipal waste incineration power generation of 400,000 kilowatts.
The near term focus of China's bio-liquid fuel technology research and development direction is the use of sweet sorghum, cassava lignocellulose non-food raw materials to produce fuel ethanol.
Expected to 2010, the annual production capacity of fuel ethanol will reach about 200 million tons of biodiesel annual production capacity of 200,000 tons, the total annual replacement of the 200 million tons of refined oil, and the formation of large-scale production is expected around 2010 capacity.
China Energy Fund Limited
China Energy Fund Company Limited
Market prospects
In summary, a very wide field of energy covers a huge space for development, long-term growth in demand, prices will continue to soar, the energy industry presents a rare opportunity. Therefore, the energy fund being born at the right.
In view of this, China's energy projects will be committed to investing in the oil, electricity, wind energy, solar energy, coal, environmental / renewable energy development and construction projects, considerable growth in return for the investors.
China Energy Fund Limited
China Energy Fund Company Limited
Preliminary corporate structure and listing plan
China Energy Fund Limited
China Energy Fund Company Limited
Shareholding structure
52%
China Energy Fund Limited
Listed companies
Jiao Shi
Sun
Wong
Public shareholders
8%
12%
28%
Note: raising a total of 250 million Hong Kong dollars
China Energy Fund Limited
China Energy Fund Company Limited
Investment objectives
Listed company plans to invest energy projects related to listed and non-listed companies
China Energy Fund Limited
China Energy Fund Company Limited
Management team
The implementation of the recommendations of the directors:
Mr. Jiao Xuding modern long and Investment Co., Ltd., Shaanxi long and Petrochemical Industries Co., Ltd., chairman and director of Bank of Ningxia.
Mr. Sun Xuguang, electronics graduated from Xi'an Jiaotong University, worked for the Department, Foshan City Star Lighting & Electrical Co., Ltd. as general manager, the current general manager of Nanhai District, Foshan City Square, Mr. Sun also Sunrise Mining Corporation, Foshan Huixing Lighting Electrical Appliance Co., Ltd., Hong Kong Star Lighting Group Co., Ltd., Nanhai, Foshan City Square Co., Ltd., Hong Kong Wan Jiang Development Co., Ltd. mainly or wholly owned by shareholders.
China Energy Fund Limited
China Energy Fund Company Limited
Management team
The implementation of the recommendations of the directors:
Mr. Huang Huishan International Capital Limited, Chairman of Thai Binh, managing director of the China Law Association, Middle East Fund Investment Limited, a member of the Chinese People's Political Consultative Conference (CPPCC), Changchun City, and Hong Kong Textile Industry Association vice president, Mr. Wong is also a former listed company Vice Chairman and Chief directors and served as a director of a number of non-listed companies, with more than 25 years of operating, investment, and management of corporate experience, Mr. Huang investment experts, a deep network infrastructure in Hong Kong, mainland China, the Middle East and the United States.
China Energy Fund Limited
China Energy Fund Company Limited
Management team
Recommended that non-executive directors:
- Dr. Liang Yongchang, Inno Chief Investment Officer of Fusion Capital Management Limited, the asset management business has many years of experience.
- Mr. Chan Cheong Yee, Mr. Chan engaged in financial and investment services for nearly 20 years, the executive director of two investment companies listed on the Stock Exchange.
- Mr. Lee Wing Lun, Hong Kong Institute of Certified Public Accountants, CPA Australia, Hong Kong Institute of Chartered Secretaries and the Institute of Chartered Secretaries and Administrators and an associate member. He has more than twelve years of auditing and accounting work experience.
China Energy Fund Limited
China Energy Fund Company Limited
Team of consultants
Team of consultants:
The Mr. Ziad Al Abu Raghel members of the major political and business family in the Middle East, is also Jordan's King Abdullah, the UAE Prince Mohammed, as well as a number of other members of the royal family on behalf of the private business affairs, Mr. Raghel UAE, Kuwait, Libya and Jordan all national as well as members of the royal family of the institutional investment institutions have a close relationship.
China Energy Fund Limited
China Energy Fund Company Limited
Team of consultants
Team of consultants:
Mr.Omar Masri, whose family controls the world's largest financial institutions in Arab-Arab Bank (Arab Bank), is the largest family of investment in Jordan and the Palestinian territories. Mr. Masri is the eldest son of the family, has served as president of the investment banking division of Arab Bank in Saudi Arabia, Kuwait and the UAE the generous financial sector network infrastructure.
China Energy Fund Limited
China Energy Fund Company Limited
Team of consultants
Team of consultants:
Hong Ruocan Mr. Sentosa University Master of Business Administration (Engineering Management), Master of Petroleum Engineering, Bachelor of Mechanical Engineering Department and the U.S. Federal Aviation Administration licensed aircraft engineer qualifications, with the experience of more than three decades of the development of petroleum-related products and drilling operations , also in the drilling and development of oil-related products around the world, including China, the Gulf of Mexico, Alaska and Canada. Mr. Hung worked for China National Petroleum International (Indonesia)] any exploration project managers, in exploration work services company as an independent consultant; Indonesia's Riau Islands Huabei Petroleum Service Company] served as Managing Director; ARCO / BP China Inc.] unit vice president of northern China, also [ARCO ARCO / BP] oil depot development project in the North of joint ventures, he served as chief representative in the [ARCO China Inc] South China Sea oil well drilling project as exploration of short-term project engineering manager; Yemen [ARCO Shabwa] as the development of an oil field operations manager; [ARCO development and production technology department] any of drilling and completion technology manager; in [ARCO Alaska Inc.] general are Bay rover Chief Operating Officer; any exploration director of the coast of the Gulf of Mexico [ARCO South Texas District]; South Asia Alberta oil well development projects in Canada in [ARCO Mid-Continent District] as a senior exploration engineer and [Maynard Exploration Ltd] any engineering and operations manager.
China Energy Fund Limited
China Energy Fund Company Limited
Management Company
Management Company:
China Everbright Asset Management Limited held by the investment adviser license issued by the Hong Kong Securities and Futures Commission, Everbright Holdings and its subsidiaries are mainly responsible for asset management, is currently being carried out for external customers Valet wealth management business for institutions and personal customer portfolio management, and the development of industrial investment funds, securities investment funds and other structured investment products.
China Energy Fund Limited
China Energy Fund Company Limited
Expected timetable for the listing
Placing and / or public subscription
Shares began to be traded on the Stock Exchange
In mid-July 2008
Roadshows and investment conference held a one-to-one, the company introduced to securities analysts, brokers and fund managers.
Printing and distribution of the listing document
Formally approved by the Stock Exchange listing
In mid-July 2008
Exchange Listing Committee listen to the General Assembly.
In late June 2008,
Submit an application to the Listing Division, and in response to its consultation
In late April 2008
Prepare prospectus document
Drafting other legal documents, such as (i) the Articles of Association of the Company; (ii) the Restructuring Agreement; (iii) non-competition agreements; (iv) Employee Stock Option Plan; (v) the directors and major shareholders; interested in the announcement.
Completion of due diligence
Negotiating and drafting of the Underwriting Agreement
March 2008 in mid-to late April
Hire financial adviser, joint sponsor, accountants and corporate lawyers
Determine the listing structure and the establishment of overseas incorporated companies
Due diligence review and preparation of accounting reports
Determine other listed professional group
In early March 2008
Expecting to see an endothelial cell announcement.....
I am semi-expecting to see a press release regarding VODG adding endothelial cells to its product lineup sometime in the near future. Neither VODG or its distributor (Neuromics) currently shows that particular product in their respective catalogs, but Neuromics CEO Pete Shuster made the following statement in his blog last week (1/24/2013).....
We routinely internally test our Human Mesenchymal Stem Cells (hMSCs) and terminally differentiated cells. I would like to share the latest on our hMCS Derived Human Chondrocytes.
We will soon be adding QC and related images for our Osteoblasts and Endothelial Cells.
Coming soon. Neuromics is working with our Friends at Vitro Biopharma and plan new product launches starting next week: finance.yahoo.com/news/vitro-biopharma-launches-stem-cell-145111206.html
VODG is developing a wound healing product.....
According to Tuesday's (1/29/2013) blog post on the Vitro Biopharma website, the company is developing a wound healing product using mesenchymal stem cells.....
Enhanced Wound Healing by MSCs
Mesenchymal stem cells (MSCs) have strong tissue regenerative, wound repair and immunomodulatory effects, making cell therapy with MSCs a promising approach to various applications in the field of regenerative medicine. While limited clinical trials have been held in the field of healing wounds with MSCs, recent animal studies show quicker tissue regeneration and tissue repair in wounds.
Wound healing includes three phases: inflammatory, proliferative, and remodeling. MSCs have been found to be involved in all three phases of wound healing. MSCs have a strong anti-inflammatory response by decreasing secretion of pro-inflammatory cytokines (tumor necrosis factor-a and interferon-?) while also increasing the production of anti-inflammatory cytokines (prostaglandin E2) (Maxson et al., 2012). By decreasing the inflammatory phase of wound healing, MSCs can restart healing in chronic wounds by advancing to the next stage of healing. In the proliferative phase of wound healing, MSCs’ antimicrobial activity is crucial for avoidance of infection. MSCs use paracrine signaling to secrete growth factors (vascular endothelial growth factor and hepatocyte growth factor) to help avoid scarring of the skin tissue during the remodeling phase.
A promising study has recently been published on the effects of MSCs in chronic wound healing. A group of normal and diabetic mice were given two different dermal abrasions. Mice given MSC grafts showed faster healing than those without the graft. While the diabetic mice still healed slower than the healthy ones, MSCs increased the rate of wound healing. Also, the wound that was not treated with MSCs showed an indirect effect of MSC exposure that promoted wound healing, thus showing that MSCs recruit existing endogenous tissue cells, possibly MSCs, to enhance wound healing. The grafted MSCs were labeled with a green fluorescent protein; after 10 days of healing time, there was no trace of the green fluorescent cells in the wound or anywhere else in the body (Shin et al., 2012). The accelerated healing persisted even after the disappearance of these fluorescent MSCs, suggesting their role in signaling the recruitment and homing of endogenous cells.
Several other human clinical trials have shown that the administration of MSCs accelerate healing in chronic wounds. In a study of chronic diabetic foot ulcers, the size of the ulcers decreased and dermal thickness improved following the injection of MSCs into the edges of the wounds. Another study involved treating 20 patients with various chronic non-healing wounds with autologous bone marrow derived MSCs. Treatment with a cellular graft, composed of MSCs & fibrin, produced complete healing of 90% of the wounds. (Maxson et al., 2012).
One of the limitations to MSC wound healing therapy is the method of delivering the cells; to administer the cells locally, an appropriate carrier or scaffold is required. Fibrin spray or a fibrin sealant enriched with MSCs is often used. These therapies repair excisional wounds by decreasing the time required for re-epithelialization (Jackson et al., 2011). Further studies are needed to elucidate the interactions between MSCs and immune and wound healing cell types that are present in the wound bed in order to find the most effective mode of delivery and how to utilize these MSCs for wound healing.
Vitro Biopharma is now developing a MSC-based wound healing product and plans animal testing of this product in the near future.
Contributed by Lianne Nelsen, Research Technician at Vitro Biopharma & Chemical Engineering student at the Colorado School of Mines.
WFAM...name/ticker change...PDF file.....
Picked up a position in WFAM last month (see post below). I am semi-expecting to see the reverse merger between WFAM and ClairNET completed fairly soon.
Name change to ClairNET occurred in early December. According to the news item on the Wikifamilies website a new ticker is being sought. Also, a link to an October 16, 2012 PDF file started appearing on some of the ClairNET-related websites sometime during December.
News item on Wikifamilies website.....
On 7 September 2012, the then Board of Directors of Wikifamilies Inc resolved that its operational company Wikifamilies SA and its clients, would be better served by Wikifamilies SA being a private company. It therefore reversed the previous merger of Wikifamilies Inc and Wikifamilies SA on the basis of expectations from the merger not being achieved.
In order to maintain the public listing of WFAM, the then Board of Directors found a replacement operational company in ClairNet which appears to provide a greater opportunity for WFAM shareholders to achieve a better return on their investment. Wikifamilies Inc undertook a reverse merger into ClairNet with conditions that the new majority owners of the company undertake a name and ticker change see SEC filing: biz.yahoo.com/e/120913/wfam8-k.html
The Board of Directors and management of Wikifamilies Inc all resigned their positions and were replaced by ClairNet appointed Directors and management.
At this stage, Wikifamilies Inc has changed its name to ClairNet Inc and is seeking a change in its ticker.
Wikifamilies SA continues to operate as a privately owned Swiss company. It should be particularly noted that none of the management of Wikifamilies SA have any involvement with ClairNet nor hold any WFAM shares. A condition of the reversal of the merger was that all shares held by Wikifamilies Inc management be transferred back to WFAM treasury which has been undertaken.
Therefore any enquiries about WFAM shares and ClairNet should be directed to the ClairNet management: see http://clairnet.mobi/videosearch/contact_us.html
• Over 4 Million dollars were spent in man hours and R&D
from the Chinese Academy of Science in developing the video
core technology and video search engine.
• Our video core technology ranked #1 in 2008 and 2009 in an
international award (TREVID) which included Google and
IBM.
• The Company is recognized for significant R&D achievements
in video core technology including 9 patents,18 patents
pending and international technology awards.
• vid3g -- 1.5 million paid users within 6 months, thats only 0.46% market penetration
• Leexoo's mission is to provide a simple 2-clicks solution for mobile user in China using smartphone app and web-based service available for the iOS and Android platforms to record and share their video, such as similar application provider in US, Viddy received $30M USD funding and Socialcam $60M USD funding.
db7...regarding VS_UT.....
Potse, GREAT call on VS_UT.. about a 10 bagger in less than a month...
Unusual name reservation activity in December.....
There has been some activity on the name reservation front that has caused my eyebrow to raise a little. It may or may not have a direct connection to SUIP or be a harbinger of something happening, but it definitely has my attention given there has been some "unusual" volume activity just recently and more than 3.5% of the company traded hands in a single block back in May 2012.
Over the last 3 years or so Shaojun Sun (SUIP's Vice President and CFO) has been filing name reservations in Nevada for either "Sunrise Mining Corporation" or "Sunrise Mining". Another reservation for "Sunrise Mining Corporation" was filed on December 1, 2012. What makes this particular filing interesting is the fact that the reservation holder for this filing was not Shaojun Sun, but an individual named "Murphy Liu".
After doing some Google searches for that name in the US and China, the one hit that seems to make some reasonable/logical sense to me is a person living in California. His LinkedIn page describes him as a "mining industry investor" who is currently employed as a personal banker/loan officer with Bank of America.......
http://www.linkedin.com/pub/murphy-liu/15/196/5b9
Nevada 12/1/2012 name reservation.....
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=OjlYOX6jjR7tf1CO3D1c0g%253d%253d&nt7=0
BeradG07...Asher, floorless convertibles.....
Potse I keep hearing that Asher is a scam and is a stock killer. Why do so many companies deal with Asher if its reputation is so bad?
rickybull...share structure, final debt elimination.....
At 73Mil outstanding and only about 20Mil supposedly in the float, this is a tight structure. Would be interesting to see if PPS does go back to the 52 week high of $0.18. Any thoughts here peeps?
TGFN share structure...3 financing rounds.....
I did some very rough/general math regarding the share structure following the IceLounge Media assets purchase. The purchase agreement also provides some information on the three planned financing rounds. Combining the share structure info along with the financing info can give you a very general idea of what price(s) the financings will done at.
Assuming that TGFN doesn't make any share issuances other than those connected to debt conversions, the planned financings, etc then it looks like at least two of the financings would probably be at premiums to the current price.
On a fully-diluted basis (debt conversions, warrants, bonus payments, etc) I figure there were around 32M shares outstanding. There will probably be around 6.3M following the split and assets purchase.....
32M/10 = 3.2M
3.2/.51 = 6.3M
The language in the initial round doesn't make it entirely clear, but for conservative purposes I will assume that the .03 price is post-split, and I will also use the max dollar amounts in all three of the financings......
a. Initial Round (“bootstrap”) of $50,000 (min) – $100,000 (max) from friends & family at $0.03 per share (adjusted for splits) within 45 days of Closing.
b. Series “A” Round of $250,000 (min) - $500,000 (max) within 120 days of Closing at a minimum valuation of $3,000,000.
c. Series “B” Round of $1,000,000 (min) - $3,000,000 (max) at a minimum valuation of $8,000,000, date of delivery to be determined.
SUIP(.0082)...name reservation activity.....
Shell company
6.9M shares outstanding
5.5M shares float
$57K market cap
There has been some activity on the name reservation front that has caused my eyebrow to raise a little. It may or may not have a direct connection to SUIP or be a harbinger of something happening, but it definitely has my attention given there has been some "unusual" volume activity earlier this year and just recently.
Over the last 3 years or so Shaojun Sun (SUIP's Vice President and CFO) has been filing name reservations in Nevada for either "Sunrise Mining Corporation" or "Sunrise Mining". Another reservation for "Sunrise Mining Corporation" was filed on December 1, 2012. What makes this particular filing interesting is the fact that the reservation holder for this filing was not Shaojun Sun, but an individual named "Murphy Liu".
After doing some Google searches for that name in the US and China, the one hit that seems to make some reasonable/logical sense to me is a person living in California. His LinkedIn page describes him as a "mining industry investor" who is currently employed as a personal banker and loan officer with Bank of America.......
http://www.linkedin.com/pub/murphy-liu/15/196/5b9
Nevada 12/1/2012 name reservation.....
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=OjlYOX6jjR7tf1CO3D1c0g%253d%253d&nt7=0
Lane Gilchrist...VODG collaboration......
James Musick's blog post on December 19 contains some interesting statements and a quote from Lane Gilchrist, regarding a Vitro Biopharma collaboration with researchers at the City College of New York (CCNY)......
Stem Cell Culture Depends on Extracellular Materials: Vitro Biopharma Expands its Collaboration with CCNY Researchers to Develop Novel Cell Culture Materials
Vitro Biopharma recently filed a new patent application for its novel technology of stem cell generation. The new patent includes several procedures to culture adult stem cells known as mesenchymal stem cells (MSCs). Central to the new technology is the concept of combining specific cell culture media formulations (a complex solution of nutrients, vitamins, amino acids, etc used to culture cells) together with specific extracellular matrix materials. While cell culture procedures have traditionally involved use of styrene plastic containers such as plates or flasks, it is becoming increasingly clear that use of this artificial surface may impede clinical use of the resultant cells. A goal of modern stem cell culture is to more closely mimic physiological conditions of the native stem cell niche as stem cell scientists move towards more rigorous and regulatory compliant manufacturing procedures needed to generate stem cells for clinical use. Extracellular materials include solid materials which attach to and affect stem cells. The extracellular space of bone marrow includes several different biopolymers such as collagen, fibronectin, etc that compose essential aspects of the MSC local, or niche, environment. Such factors impact stem cell proliferation and differentiation and are known to be critical signaling agents in the determination of stem cell functional properties.
I met Lane Gilchrist, Ph.D., at a Keystone Scientific Symposium in 2010 concerning technology related to induced-pluripotent stem cells. Recently, Drs. Gurdon and Yamanaka received the 2012 Nobel Prize in Physiology or Medicine for their pioneering work in the discovery of methods to genetically reprogram adult cells to achieve pluripotency (the ability to differentiate into any cell type). Lane and I both share the vision for the crucial role of extracellular matrix materials in stem cell functioning. Recently, Dr. Gilchrist and a team of scientists at the City College of New York (CCNY) where Lane is a Professor of Chemical Engineering and Biomedical Engineering, received funding of a grant entitled “Biomimetic Ligand Display in Proteolipid Hybrid Matrices to Direct Stem Cell Chondrogenesis” from the National Science Foundation. The co-investigators included Steve Nicoll (CCNY BME: Biomaterials for tissue engineering), Raymond Tu (CCNY ChE-Biomolecular engineering) and Sihong Wang (CCNY BME-Biomedical microdevices in cellular engineering). The grant is for a three-year period and I am a consultant on this grant. Thus, I will be providing consultation related to the biological aspects of the effects of bioengineered materials on the functional/clinical properties of stem cells. I am very pleased to be assisting the CCNY team to achieve their goals. Also, since Dr. Gilchrist and I realize the central role of extracellular matrices on stem cell function, we are working to expand our collaboration to include additional technology/product developments with perceived commercial impact on the clinical development of stem cell-based therapies.
Dr. Gilchrist said, “Dr. Musick and I share interests and a passion for contribution to the evolution of stem cell technology to its full potential. I look forward to working with Dr. Musick on our grant and furthermore, in subsequent commercialization of products based on novel, bioengineered scaffolds which mimic the native niche environment of stem cells.”
WFAM(.02)...accumulated a position.....
Accumulated a position in WFAM, in anticipation of the reverse merger formally closing sometime "relatively soon". According to the merger agreement in September, an audit of the reverse merger company is being done, and once that is completed WFAM will officially take ownership. I like the stock in the 1-2 cent area as a speculative play with multi-bagger potential in 2013.
The company is late on filing its last quarterly report, so that is something to be a bit concerned about. I'm not 100% certain, but it appears the company may have quietly filed a name change amendment (from Wikifamilies to ClairNET) earlier this month (December 3). The last time I remember checking for the ClairNET name in the Nevada database nothing showed up......
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=1w2N4lbcuj8bA07KciaLpA%253d%253d&nt7=0
Share structure will be around 49M. The 75/25% ratio of the RM is unusually high, so I am assuming that management will probably receive some generous option packages at some point, or maybe something unattractive is coming down the road......
On September 7th, 2012, Wikifamilies Inc., entered into a Share Exchange Agreement with ClairNET Ltd., a Hong Kong entity and their shareholders by which all of the issued and outstanding shares of ClairNET will be exchanged for 36,504,056 shares in Wikifamilies Inc, representing 75% of the company’s common stock. Additionally, ClairNET Ltd shall receive 2,500,000 shares of Voting Only Preferred Stock in Wikifamilies, with 100:1 voting rights. On the same date, the parties also signed a License Agreement by which Wikifamilies shall acquire exclusive global licensing rights to ClairNET’s products, with an end goal of ClairNET becoming a subsidiary of Wikifamilies Inc.
WHEREAS, Clairnet must complete the audit of its financial statements which have been started and are in draft form (the “Audit”), and until such time as this audit is complete, the Transaction shall be consummated via an exclusive global licensing agreement (the “License Agreement”) which shall provide to WFAM and irrevocable and in perpetuity license (the “License”) to all of the Clairnet technologies (the “Clairnet Technologies”). The Closing Date shall be the date of the execution of the License Agreement for the purposes of this Agreement. The Second Closing Date, as defined herein, shall be subject to completion of the Audit and shall constitute the transfer of all of the Clairnet securities to WFAM with Clairnet then being a wholly owned subsidiary of WFAM;
WHEREAS all the Clairnet equity holders shall irrevocably pledge the ownership of their Clairnet shares to WFAM at the first closing with formal transfer of ownership of those shares being made on the second closing date
db7...revenue disclosures.....
or perhaps it was not detailed on purpose as revs have been miniscule thus far
114% increase and 9.5 fold increase are attention getters
wouldn't have been too interesting if they said " from $15,000 to $32,000.... etc (i'm just making numbers up here for an example)
we'll see... appears most shares have effectively been soaked up at the .04-.05 level
db7...shareholder update...revenue increases.....
A key advancement that occurred in 2012 was increased product distribution leading to increased revenue generation. We have previously demonstrated significant competitive advantages of our MSC-Gro™ Brand of cell culture media optimized for mesenchymal stem cell (MSC) growth and differentiation, including increased cell growth, cellular recovery and shelf-life. While sales of this product line developed more slowly, I am now pleased to announce that sales of our lead MSC-Gro™ product (Low-serum complete MSC-Gro™ medium) have grown substantially since commercial introduction including a 114% increase in sales during 2012 compared to 2011 and a 9.5-fold increase in the early stages of our 1st quarter 2013 compared to the entire 1st quarter 2012. Sales of our other MSC-Gro™ media products and MSC-based cell lines have also increased.
a 9.5-fold increase in the early stages of our 1st quarter 2013 compared to the entire 1st quarter 2012.
VS_UT...picked up a trading position.....
I picked up a position in VS_UT in the last week or so. Strictly looking at this as a possible nice trade from the sub-penny or penny area sometime between now and around mid-January or so.
All of the principal and/or interest on three out of the four toxic financings has now been completely paid off. According to the December 4 recent press release the company plans on paying off the final debt obligation sometime in January. According to the filings that particular debt obligation can not be converted until January 12, 2013, so assuming that the company pays off the debt with primarily cash that should pretty much eliminate much of the continual downside pressure caused by the floorless financings.
The CEO still hasn't disclosed exactly the terms of his Senior Preferred shares that he received as part of this debt reduction, nor how his Senior Preferred shares interact with the normal preferred shares, so that is an issue that has a a pretty big influence on how the share structure of the company looks like. I'm guessing the fully-diluted share count is probably somewhere in the 155-316M area.
But with the elimination of the floorless financing, combined with what appears will be an increased investor awareness campaign, I'm making a bet there might be a trading opportunity here eventually.
Kyle Gotshalk and Cherish Adams have resigned as officers of VSUS Technologies Inc. Their resignations were part of a debt settlement agreement and not due to any disagreements or conflicts with the company or its management. VSUS Technologies has entered into a debt settlement agreement with Ararat LLC that will reduce the company's liabilities by approximately $500,000. The Company has also paid in full two convertible promissory notes with Asher Enterprises totaling approximately $80,000 in principal, interest, and premium. The Company still has a third note with Asher it intends to pay in full next month. The retirement of this debt not only significantly reduces company liabilities but also the expense associated with carrying that debt.
db7...regarding VK_IN.....
out vk_in .0988 from .15... don't like how it has all unfolded and seems they issued some cheap shares to consultants in latest filing