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Very interesting blog. Thank you.
Blog About INBG...
<Sunday, April 12, 2009
Views on China
It's been nearly 3 weeks since moving back to Taiwan, during this time, one of my top assignment is to soak up as much economic-related headlines as I can stuff in my little brain plus collecting opinions from local business owners regarding current business condition and outlook. Up til now, I have to say at least in Taiwan, things are not looking too bad. And that's in itself is good news for the Taiwanese as its stock market has been steam-rolling in past month, taking the #1 spot in terms of % gain globally. As we all know, current ruling party in Taiwan has been slowly opening up free trades with Mainland China, and because of this, being back here in Taiwan puts me in the front row seat of all the action. Let me say this (and it's not because of INBG), currently on both sides of the Taiwan Strait, infrastructural plays and construction plays are virtually on fire. Not as a pump, but with real buying conviction from institutional side. This euphoria is mainly supported by most Asian countries perceiving China will lead the world out of the current global recession and emerge as the leading economic power surpassing the United States. Heck, the Chinese even wrote a book about it, which is currently the #1 bestseller in China at the same time, stirring up much controversies in the West. IMO, I don't really give a hoot who's the next superpower, as long as we can take advantage of it.
With this in mind, brings us to INBG, it's ongoing effort in acquiring Wuhan Machinery could in turn become company's biggest asset and holds the trump card in taking this stock over 0.10, yup, you heard it right, 0.10 not 0.01. I've done some preliminary research on Wuhan Machinary, and they are very well-positioned regionally in China's current construction boom. The problem for INBG going forward is facing the pressure of a possible soaring price tag on this company, as it may get a lot pricier as Wuhan Machinery and companies alike are now - en vogue. In reality, if INBG can successful acquire Wuhan Machinary without significantly diluting the current 980mm O/S, then I can definitely see INBG trading well above of 0.10 in matter of days after the final purchase. In the 2nd dimension of this reality, INBG must be aware of Wuhan Machinery fast-rising intrinsic value, the company may make an ambitious decision on closing the acquisition before anyone else makes a bid for it, and in the OTCBB world, that would translate into maxing out on the authorized limit followed by a reverse split. But like we discussed before, a reverse split can be avoided if the # of authorized shares can be increased from the current 1.9B shares, but that's something we have no control over, and is something entirely up to company's willingness to protect its common shareholders and their ability to successful file for an increase of authorized shares. This week, I will begin another round of dialogue with INBG, the goal is to narrow down on the timeline of the final purchase of Wuhan Machinery and if a reverse split can be avoided or it's on the plate eventually, for this, I will ask them for some form of transparency - if not a verbal committment such as "read my lips, no reverse split"! If they can give me an assurance that they don't intend to do a reverse split in the next 6 months, then this is the green light we need to make our entrance. However, if the response is somewhat iffy or wishy-washy, then that means, we can still acquire a modest amount of INBG, but not at full throttle because of the possible threat of a RS. I will report back if I receive a response. All in all, now that I got an indepth glimpse of the market trends in China and Taiwan, I will have to rank INBG ahead of the now would-be China plays such as XHUA (they sell books, come on!), and KWBT (they resell fertilizers and mangement loves to sell into any strength) in terms of the industry they are exposed to. But first things first, we need to know INBG isn't going to pull a EXPT in the next 6 months>
http://dliu1gousc.blogspot.com/
FFF, did you get get the answer?
< I will get your answer >
Tia
168 bookmarks now. I rather the PPS be going up rather than the bookmarks!
Thanks for that chart Green77.
Volume coming in.All BUYS. MMs seem to keeping it down.
18 Million now.
Which is correct?
What's the volume? I-HUB showing 6,804,000 and my level II is showing 3,804,000.
Thanks
I show "nite" and "VFIN" left at 0.0002.
I don't think we see the filing until Wednesday, April 15th. Obviously that is the deadline without another extension, but it seems the company needs all the time they can get at this point. Whenever it is released, lets hope the news was worth the wait.
Good morning all!
Like I said, please tell us something the 10KSB already hasn't.
You need to go out father on a limb then that!!
I'll second that!
FFF,what do you define as "the worst for INBG"?
TIA
4 trading days left unilt April 15th. 10KSB due by then...along with taxes! LOL
Another million BUY just made.
There goes another million. 15,122,600 volume now.
Wow, 122,000 one minute and over 14 million next minute!Looks like BUYS.
Good morning all!
Without a doubt. The accumulation chart that you posted verifies that. Now we just need some positive news on the audit.
No Upticks as of yet. I believe the PPS will not be going much higher without the type of news we are waiting on, IMO.
Exactly, and it has.
<With a spread like that the volume is going to halt >
We positive news and we fly!
Amazing how the MMs move it up to 0.0005 on light volume.
INBG...Volume coming in. Over 11 million shares traded already.
Was that an 8 million share BUY?
I'm showing 145,000 SHARES on Level 2.
I do. Thanks. I'll be glad to help you post the correct info if you need assistance.
Where is this link?
<that Mr. Yeung gifted himself 1 billion shares of common stock>
That will be interesting to see. I'll be waiting!
<Please tell me where you see that Mr. Yeung gifted himself 1 billion shares of common stock>
Just want you to back-up what info you are posting. Not too much to ask for.
Fourth quarter not even even out yet so how are you saying that?
You have links to back up what you are saying-thanks
<he got 3rd and 4th qtr. it is in the filings thanks>
You mean all those "preferred" shares? It's been mentioned.
<Yeung has stripped over a billion shares into his own account over that time>
Green, Ask line-up seems thin.You have a screen shot you can post?
Thanks
Well said Gedi.There will be no revenues, just news on the possible progression of things.
<The anticipation revolves around anticipated News of the Audit completion and the purchase of the Wuhan Machinery Plant>
Have a good weekend all!
Sounds good. Thanks