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James Musick quoted in January 2012 biotechnology article......
CEO James Musick was quoted in a January isssue of Genetic Engineering & Biotechnology News. The article is about the cell culture media industry. Musick's quote can be found on page 2......
daviddodd...Wall Street Resources, Sean Marconi......
db7...email promo, 510(k) application, website, Romania.....
10-K...new item, fully-diluted share count.....
Interesting piece of information in the 2011 10-K, regarding a 1.5M share issuance to management/directors if a merger occurs. This must be something recently put in place because no previous filing has made mention of it......
SUIP(.006)...SGBL shell valuation......
Somewhat interesting to note that Tim Shaojun Sun's other shell (SGBL) has popped up to the $1-2 area in the last couple of weeks. SGBL has 3.36M shares outstanding, with insider ownership of 2.7M shares (80.4%).
Adjusted for the differences in insider ownership between the two shells, SGBL is trading at a valuation that is 20-40X higher than the SUIP shell.
I figure that any significant/positive development with the SGBL shell should eventually bring attention to SUIP.
db7...YIHG......
The shares from the December 2011 S-8 (1.25M) were issued sometime during January/February, so going forward YIHG will have a slightly higher outstanding share count (13.3M shares). Despite the additional shares/expense associated with the S-8 issuance, I anticipate that YIHG should remain attractive from a valuation perspective at current prices.
According to the 10-K, the company appears to have finished restructuring its store lineup and is now focusing more on expansion. Two new retail stores (which is where the company generates the largest percentage of its revenue) were opened in the first quarter, and two supermarkets were added to the distribution lineup......
db7...website changes, promotional activity....
Anti-dilution clause...reply to private message......
Roy Teng...May 9, DealFlow Media conference......
Roy Teng (current member of DION's Board of Directors) will be a panelist at the DealFlow Media conference in Beijing to be held May 9-10, 2012. The discussion topic he will be part of is titled "What are the options for undervalued public companies?". Teng is a Managing Director at Brean Murray Carret & Co.
http://www.dealflow.com/conferences/outlook_for_chinese_companies/agenda.cfm
The DION RM will probably be completed by that date, if the 90-day time frame (January 30-April 30) for the merger remains in effect.
Central Mega Limited (Jeff Teng, Roy Teng's father) should own about 23+% (6.5M shares) of DION just prior to the RM.
DION's other major shareholders prior to the RM (current CEO Bernard Kravitz and Rui Mai) should each own amounts of shares just slightly less than CML's amount.
SBAT...update.....
Regarding a follow-up to this post I made about SBAT.....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71592973
After receiving the email from CEO Tom Simeo on 2/1/2012, I waited for about 3.5 weeks but still had not received his response to the questions I asked, and SBAT was still under a "revoked" status at the Nevada SOS. So I emailed him on 2/27, reminded him of the Nevada situation, and again asked him the questions about the ownership status of the 14.5M shares that were sent to Viking, and the source/nature of the money for SBAT's anticipated investments in its client companies.
The next day the filings and reinstatement appeared at the Nevada SOS. Later in the week the CEO responded to my email, noting that SBAT was back in good standing with Nevada. Unfortunately, he did not answer my questions.
I have additional questions I would like answered, but I was waiting to see what type of detailed response I could get to the first set of questions. I am getting the sense that he is either unwilling or unable to provide the information I am looking for, so I think any further attempt to get the info from him is probably just going to be a waste of my time.
I think it would be extremely helpful to current/prospective shareholders if the company would provide a much more detailed explanation of SBAT's business activities, the financing of its investments in the client companies, and its current/future relationship and interaction with Viking Investments Group (Nevis and St. Kitts). Now that I have brought some areas of shareholder questions/concerns to the attention of the CEO, it will be interesting to see if any of these things get addressed in the upcoming 10-K or a future press release.
Disclosure of material events in a timely and clear manner is an area that SBAT management needs to significantly improve. One- to three-month delays in filing 8-Ks for important items doesn't help instill investor confidence.
On a more positive note, I noticed last Tuesday or Wednesday that Viking placed another job posting in China. They are looking for a total of 4 Chief Financial Officers to work with client companies. So it appears that SBAT's pipeline of clients is probably continuing to grow......
http://translate.googleusercontent.com/translate_c?hl=en&prev=/search%3Fq%3D%2522%25E7%25BE%258E%25E5%259B%25BD%25E7%2591%259E%25E9%2587%2591%25E6%258A%2595%25E8%25B5%2584%25E9%259B%2586%25E5%259B%25A2%25E6%259C%2589%25E9%2599%2590%25E5%2585%25AC%25E5%258F%25B8%25E4%25B8%258A%25E6%25B5%25B7%25E4%25BB%25A3%25E8%25A1%25A8%25E5%25A4%2584%2522%26hl%3Den%26safe%3Doff%26sa%3DX%26tbo%3D1%26tbas%3D0%26biw%3D1008%26bih%3D583%26tbs%3Dqdr:y%26prmd%3Dimvns&rurl=translate.google.com&sl=zh-CN&twu=1&u=http://jobs.zhaopin.com/shanghai/%25E9%25A2%2584%25E5%25AE%25A1%25E9%2583%25A8%25E9%25AB%2598%25E7%25BA%25A7%25E7%25BB%258F%25E7%2590%2586%25EF%25BC%2588%25E7%25BE%258E%25E5%259B%25BD%25E4%25BC%259A%25E8%25AE%25A1%25E5%2587%2586%25E5%2588%2599%25EF%25BC%2589_275670913250047.htm&usg=ALkJrhjSaIvLWPlTUtMUKRb2IhrUBfI1yA
$hellKing...DION's interesting anti-dilution clause......
db7...RM share structure, website, etc......
DION's current business is being taken private by the CEO, so there shouldn't be any spin-off of the current business to shareholders.
On a fully-diluted basis (and assuming the deal is structured on the 10M net income level) there would be about 561M shares outstanding and net income about .018 per share. ......
1) 25.8M shares currently outstanding
+ 2.25M shares to be issued prior to closing (Section 5.12)
= 28.05M shares outstanding prior to closing
2) 28.05/.05 = 561M shares
3) 10/561 = .0178 eps
I am working under the assumption that rather than increasing the authorized shares up to accomodate a large 561M share structure, the RM company prior to converting any preferred shares will most likely just reverse split the DION shell shares down to a more reasonable and institutional/uplisting friendly number. The 95%/5% transaction ratio is firmly set (again depending on the net income number for 2011), so any reverse split will not fundamentally change anything for current shareholders of the soon-to-be DION shell.
The website for Shangrao Baihuazhou Industrial Co. (http://www.srbhz.com.cn/) doesn't appear to be online/accessible at the moment, and I'm not currently aware of an alternative site.
You can get some limited/general corporate information and some pictures of the plants/products the company sells from business/government sites, like the one below. If I recall correctly one of the sites mentioned that the company has a flower base under cultivation of about 220+ acres (not sure if that just includes flowers, or other plants as well)......
http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://srbhz.cn.alibaba.com/&ei=S6wxT_b8KOjL0QGsotzJBw&sa=X&oi=translate&ct=result&resnum=1&ved=0CD0Q7gEwAA&prev=/search%3Fq%3D%2522%25E4%25B8%258A%25E9%25A5%25B6%25E7%2599%25BE%25E8%258A%25B1%25E6%25B4%25B2%25E5%25AE%259E%25E4%25B8%259A%25E6%259C%2589%25E9%2599%2590%25E5%2585%25AC%25E5%258F%25B8%2522%26hl%3Den%26lr%3Dlang_zh-CN%26sa%3DX%26tbas%3D0%26tbs%3Dlr:lang_1zh-CN%26prmd%3Dimvns
The Chairman (Li Xiaoling) is female. Here is a picture of Xiaoling at a Shangrao City Flower Association meeting held about 3 months ago......
http://www.jxsragri.gov.cn/html/ShowArticle.asp?ArticleID=12077
Traderfan...SNPY net income......
db7...SB_AT.....
RichieBoy...Copower English translation.....
Jiao Xuding...Copower Enterprise.....
China reverse mergers...reply to private message.....
Reply to the person who sent me a private message about RNPR/YIHG and China RMs in general.....
Regarding RNPR/YIHG: I would say if you are at all uncomfortable holding a position in this stock, you should be able to find buyers for your position in the 5-15 cent area. No sense in holding onto something you seem to regret buying.
This past year has not been particularly kind to reverse mergers (and most stocks, for that matter), regardless of whether they are China RMs or completely domestic companies in nature. Stagnant or sub-par performance is not a trait exclusive to China RMs in today's stock market.
I happen to like the "niche" type of play that YIHG currently represents (pastry/snack food consumption in China). Up to this point, I am pleased with how the CEO has handled the RM. Her background is impressive, and the reverse merger is structured in a manner that is conducive to upside for the retail investor.
Regarding China reverse mergers in general: There is no question that a negative atmosphere surrounds China stocks, and anyone investing in these particular stocks should be aware and accepting of the risks and general sentiment. But sometimes sentiment/conditions can change in the market (often seen only in hindsight), and some interesting opportunities might arise.
While there are a lot of people talking disparagingly about China-related stocks right now (and in many cases, justifiably so), I think people are making a mistake if they believe this is just a problem exclusive to US-listed China RMs or China IPOs. There is a legitimate chance that prominent US-based multinational companies trading on the upper exchanges here in America could find themselves under attack from shorts and facing possible delisting if things continue to escalate.
Basically the tactics and avenues of attacks that shorts are using to bring down the US-listed China stocks are forming a "template" that could very easily be applied toward attacks on companies like Microsoft, General Electric, etc, etc. Any company that has operations in China is at pretty serious risk here, regardless of whether their accounting/operations in China are completely free of fraud.
The pressure is intensifying on the SEC to reach an agreement with China that would allow PCAOB (Public Company Accounting Oversight Board) inspections of Chinese audit firms. Anything less than full/complete inspections and full/complete compliance with SEC requests is something that could play directly into the shorts' hands. I think it was one of Forbes columnists/bloggers that made the point this past year that (and I paraphrase here) the SEC knows that Microsoft would not be able to comply with a request to see all documents/information related to the audit of its China operations because the company doesn't have them and the audit firm will not provide them.
Senator Charles Schumer (via the letter he sent to the PCAOB a few weeks ago) is basically demanding that the PCAOB immediately terminate the registration of any China audit firm that refuses to comply with an inspection request. If that were to happen, all of these US-based multinationals would be unable to consolidate their China operations. Which would result in these companies being unable to comply with the audit requirements of the NYSE/NASDAQ exchanges.
DesertRat1...HAZN shell.....
Michael Klinicki's other shell (HAZN) will probably get filled by an edible fungi (mushroom) company, based on the name change to "China Liaoning Dingxu Ecological Agriculture Development, Inc."......
Awestruck press release......
Awestruck Marketing Group issued a press release on Thursday announcing the name change. Lawrence Butler has a couple of statements in the release......
SUIP(.0133)...shell......
6.9M shares outstanding
5.5M float
$92K market cap
I have a large position built at a 3-cent average. Although SUIP may have a large float (from a percentage standpoint), it has been my experience that accumulating shares can be a bit more difficult than a person might expect. Momentum players who entered the stock in the past year found that it can move pretty quickly on relatively light volume (sub-penny to .15+). It wouldn't surprise me if another momentum-type of run develops sometime during the next year or so.
I consider prices under 3 cents to be particularly attractive for entry/accumulation because it helps provide some "valuation protection" if management decides to increase its insider ownership percentage. For example, if management increased its ownership up to say 75% or so, the valuation of the shell is still under $700K at 3 cents (22M shares x .03).
The two brothers (CEO Xuguang Sun and CFO Tim Shaojun Sun) who control this shell are the owners/management of Tianxing Lighting and Electric. This mainland China company is involved in lighting-related products (bulbs, fixtures, etc), primarily manufactures products under the "Visun" brand. I am not sure if the brothers are also involved with the parent company (Visun Lighting Group). Originally some years back, they were planning on bringing the lighting company public through the shell (I think it does about $60M in revenue per year), but I believe they are now focusing their merger/acquisition attention on other companies/assets.
SUIP filed its 10-K on Friday. There may or may not be any significance to the timing of that filing, but I found it a bit interesting that the report was filed 5+ weeks earlier than it normally is done (usually SUIP files around the last week in December).
Also, for the past 8 quarters or so the CFO has been reserving some variation of the "Sunrise Mining Corporation" at the Nevada SOS site, possibly indicating the potential interest the company has in acquiring mining-related assets or businesses. The last reservation expired at the end of October. The CFO in the past has allowed some lapses in the reservation, but it will be interesting to see if he renews the reservation this time. If he doesn't renew, that could be a potential indication that something might be taking place or at the very least the company might be focusing its attention on other industries/sectors.
SSP...Lawrence Butler...Livingston departure.....
That photo of Lawrence Butler on the Awestruck Marketing Group website is the first/only image of Lawrence that I have run across in the time I have owned AHAG. The facial resemblance to his father (Marshall D Butler) is very noticeable.....
http://www.coastal.edu/magazine/spring2008/gifts.html
http://www.flickr.com/photos/39310493@N02/3616735559/
Interesting to note that about a month prior to this change in company name/image from TrashTalkFCM to Awestruck Marketing Group co-founder Andrew Livingston left the company to go work for Rodale. I am guessing that Lawrence may have purchased any ownership interest Livingston may have had, or at a minimum Lawrence probably now has increased his management control over TrashTalkFCM/Awestruck.
RNPR(.19)...China bakery products.....
Trailing 12-month numbers based on Q3 report:
12M shares outstanding
$2.3M market cap
$6.4M net income
.53/shr net income
.36 PE
SBAT(.40)...finished accumulating a position.....
SBAT(.25)...acquires ownership of Viking.....
18M shares outstanding
$4.5M market cap
According to the 11/04/2011 8-K, SBAT has now acquired 100% ownership of Viking Investments Group. The 3 stock transactions that have occurred between the two parties over the last several months have resulted in what is basically a reverse merger between SBAT and Viking. The original SBAT shell (1M shares) represents about 5.5% of the new business........
db7...bid/ask sizes.....
db7...SportsCast Apps website update.....
It should be interesting to see what happens here. Sam Gaer has continued to support TGFN ($6.5K in convertible financing at .015 this quarter). Unless Sam intends to finance TGFN in perpetuity, there will need to be a significant improvement/growth in the current operating business and/or a significant merger/acquisition.
I am assuming that the Shane Gaer who appears as a Managing Director in the "About Us" section in the SportsCast Apps website is a son/relative of Sam Gaer. Over the weekend some biographical information was put up on the website, and there may have been some minor tweaks to the site.
I think Shane Gaer is probably around 18-years-old and a Senior at Riverdale Country School (a private school in New York City, tuition is about $40K per year).....
db7...new product announcements on website.....
mccoy...More For Less, Lawrence, Marshall......
SBAT's new website.....
The SinoCubate website has started coming online today. The site has quite a different graphical look compared to what I remember the site looked like back during that brief 2009/2010 period. Interesting to note the website title on all the pages is "Viking Investments Group LLC", and the Viking website doesn't appear to be accessible since SBAT's site has come online. A couple items of interest.....
1) From the "Our Business" section.....
Job postings increase...includes brokers and IR......
There has been another large increase in job postings by Viking Investments Group in the last week/month. The job listings include front office personnel, CFOs for client companies, business development people, etc.
For the first time that I can recall, Viking is now advertising for securities account managers (brokers and/or fund managers) and people to work in the investor relations department. The IR job listing is particularly interesting because it is the first Viking job posting that mentions SinoCubate.
Security account managers (10 people)....
http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://jobs.zhaopin.com/shanghai/%25E8%25AF%2581%25E5%2588%25B8%25E9%2583%25A8%25E5%25AE%25A2%25E6%2588%25B7%25E7%25BB%258F%25E7%2590%2586_275670913250068.htm&ei=S42MTrH-EI2DsgKf8rnaBA&sa=X&oi=translate&ct=result&resnum=9&ved=0CIYBEO4BMAg&prev=/search%3Fq%3D%2522www.vikinginvestments.com%2522%26hl%3Den%26lr%3Dlang_zh-CN%26safe%3Dimages%26sa%3DX%26biw%3D1008%26bih%3D583%26tbs%3Dlr:lang_1zh-CN,qdr:y%26prmd%3Dimvns
Customer Service (investor relations, 1-2 people).....
Simeo items...Twitter message, Anpro PE.....
1) CEO Tom Simeo posted this message on his Twitter account yesterday.....
db7..RNPR(.085)...undervalued RM model.....
12M shares outstanding
$1M market cap
.43/shr trailing 12-month earnings
.2 PE
There will probably be some nice shorter-term trading opportunities in the stock from around this 10-cent area. But on a hunch I am probably going to hang on to those 6-cent shares and see if I can get at least a 10/20-bagger.
It does appear that the CEO has initially structured this as an undervalued RM. So there does exist the potential for significant upside, depending on general and China-stock market conditions. Below is something I posted on the CDBH message board last year regarding my definition of "fully-valued" and "undervalued" reverse merger models......
TGFN(.011)...registered SportsCast Apps website.....
Might be worth watching in case some kind of activity picks up in the coming weeks/months. Along with Sam Gaer's convertible financing at .03 that I mentioned in the above post, I think he also did some convertible financing at .015 subsequent to the last quarterly report. On a fully diluted basis I think there is probably around 27M shares outstanding, prior to any additional financing/dilution that might show up in the next quarterly.
Filed a NT 10-Q on 8/12 and is currently deliquent on that quarterly report. Interesting to note that 4 days after making that NT 10-Q filing, the sportscastapps.com website was registered. Although not fully functional at the moment, its existence would seem to suggest the company intends to remain active in the mobile applications area. The "TGFN" stock symbol (and stock information link) appears in the lower left corner of the website.....
http://www.sportscastapps.com/
Incubator/Investor...very interesting/puzzling development.....
Tom Simeo...Pitching Well interview.....
SBAT...change in shell status.....
2.9M shares outstanding
870K market cap
VODG(.15)...new product catalog.....
VODG's new stem cell product catalog became available yesterday. This is the first time that VODG has offered its catalog in a downloadable PDF format. Very attractively done from a visual/content standpoint.
Interesting to note, from page one of the catalog.....
DesertRat1...website translation.....
China website has been redesigned.....
The China website has been redesigned and started coming online in the last couple of days. The most prominent feature of the old site was a large flash image of a modern-looking headquarters/factory. A loop of three biotech/pharma types of images has replaced that.
I usually like to pay attention to any significant changes I see in the appearance/content on the Chinese websites of US-listed Chinese companies. Sometimes the Chinese websites contain interesting bits of information that never show up on the United States website, or at a minimum the changes might give you some reason to believe that "something" might be going to happen.
I think it was back in 2009/2010 that I recall seeing changes occurring to the flash introduction of the RHGP (now CBP) Chinese website. This was followed by changes to the main content of the website.
A lot of investors at that time were uninterested in the stock/company because it was deliquent with its filings and there was nothing on the English website of the company to suggest that things were going to significantly change anytime soon. Shortly after the changes started showing up on the Chinese website, the company regained compliance with its filing requirements, and eventually made the move to a higher exchange. I think I walked away from that investment with about a 2-3 bagger.
CDBH Chinese website......
http://www.dqsyjy.com/
stanley01...AHAG, 5%.....