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Why I bought UTA this morning and why will keep it for long:
1)I tried to book the airplane ticket, domestic as well as international, and domestic airplane ticket through phone as well as internet this morning, and it all worked well. International airplane ticket I pretended to book was cheaper than I could get here. Mapping function is also great and apply to every main city of China. The only thing does not work well is international hotel booking through internet. Considering it is China-focused company, it is very understandable.
2)John Hempton, the infamous blogger, apparently intentionally disregarded $3.273 million salary and commision payment in Selling, General and Administrative Expenses (see 2009 UTA financial report) to mislead online community that UTA's fianncial data did not add up.
3)This is the second time when I confrounted this sinister John Hempton. About 7 years ago, I bought tons of fairfax financial stocks at low price, after his misleading so called research:
http://www.deepcapture.com/introducing-john-hempton-the-plunderer-from-down-under/
I feel tired after lots of work on UTA this morning to sort out the mis-information from this John Hemption who should be arrested many years ago in my opinion, and I will take a rest for long hours.
Almost every Bronte's UTA allegation is false or misleading. I am doing more depth research one by one, and It is very intersting research. I have bought a lot UTA shares at price $3.32 and $3.33 3 times in the past half a hour.
ONP,reported 0.28 per share,40% higher than estimate:
http://finance.yahoo.com/news/Orient-Paper-Announces-prnews-2503045153.html?x=0&.v=101
ONP rebound over 20% and more good news coming:
Inside buying: The chairman actually wanted to do that last week but they are in a black out period until Q2 results are released.
Focusing: Right now the company is focused on preparing Q2 results and providing all the information required as part of the independent investigation.
ONP rebound over 20% and more good news coming:
Inside buying: The chairman actually wanted to do that last week but they are in a black out period until Q2 results are released.
Focusing: Right now the company is focused on preparing Q2 results and providing all the information required as part of the independent investigation.
The so called warning signs the Muddy Waters people signed was well explained by ONP management during the conference call. If you want to discuss ONP issue, you should at least listen to ONP's response in cc and press release. If Muddy Waters did not intentionally made muddy in the water, then the only conclusion you can get from the whole process is that either Muddy Waters people knew nothing about Chinese business and culture (professsors can write lots of theoretical books without knowing one thing in real life) or they have communication problems (they ignore ONP poeple's response and continue to repeat the same false allegations). ONP management is very professionally by responding to Muddy Waters' false allegation one by one. But Muddy Waters does not show any professinonally, and they just made muddy in the water.
The similar thing happened for US and Canada company. If you are familiar with a reputable company called Fairfax Financehttp://finance.yahoo.com/q/bc?s=FFH.TO&t=my&l=on&z=m&q=l&c= , then you would know how these manipulators like Muddy Waters poeple work.
No one would want to claim to be top notch if Muddy Waters poeple could be claimed top notch.
Carson C. Block, the key person of Muddy Waters, achieved nothing after spent a few years in China. So he wrote a book about how to do business in China and tried to make some money by selling it. Unfortunately, the book was from someone who failed, and thus did not have benefit at all. So he tried to creat a storage company in China. Unfortunately, he could not make it success. So he tried to make muddy in water in stock market by shorted ONP and then wrote misleading information in so called reearch report.
To approve Muddy Waters is a fraud, just check the title of their "research report" title yesterday: July 22, 2010 – One Billion Chinese People Can’t Be Wrong That ONP is a Fraud. Asking yourself, does the evidence they gave in the article have anything to do with the title?
What ONP management will do to win and excel:
1) Release the 2th quart financial report with more transparancy responding to investors' concern in 2-3 weeks;
2) Announce share buy back program;
3) Focus on result: producing and selling paper efficiently, and continue to develop business as before.
Here is another great unbiased article about the truth of ONP:
http://breakoutperformance.blogspot.com/2010/07/guest-post-another-perspective-on-onp.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BreakoutPerformance+%28Breakout+Performance%29&utm_content=Twitter
ONP: the first table pounding of mine this year, because:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52573448
ONP: the first table pounding of mine this year, because:
1) ONP share price drop nearly 100% since Muddy Waters, a Hongkong based new company, published its first "research" report last month. At the beginning, I thought it might be an unbiased research report giving objective informaion. After ONP gave detailed explainations to the concerns from Muddy Waters' report, Muddy Waters gave a few new "research" report including one yesterday. I have no doubt now that Muddy Waters is merely shorter trying very hard to manupulate down the ONP share price and to profit from it with the following evidences:
a) They claimed 1 billions Chinese believe ONP is a fraud, based on a possbily manupulated survey with sample size as little as a few hundreds of readers of an article with lots of errors from Muddy Waters (it even spelled Muddy as Moody's, the same name of world recognized rating company, to mis-lead Chinese readers);
b) They always picked nagative side of other people's analysis leaving out positive side, thus gave total wrong conclusion;
c) Whatever ONP does, they conclude negative side, ex. when ONP hired BDO, they said some of BDO' audited firms had fraud ; When they hire a reputable law firm, they said this law firm was also the law firm of the previous fraud firm. I am certain that when ONP hires one of the big 4 auditing firms, they would claim Enron was also audited by one of the big 4 auditing firms.
d) They deliberately chose to be based on Hongkong, making sueing them very hard if not impossible.
2, I consistently keep in touch with ONP management, some of its supplies and customers in the past 3 years. If ONP were not real, no company in the China as well as USA would be real.
3, ONP's earning per share will grow to $1.5-$2 per share next year, partly due to the new investing in new printing machines and other facilities.
4, ONP is strategically located near Beijing, giving it very competitive advantage. The ONP founder and CEO was very famous winning lots of recognition prizes, even because ONP listed its share in US OTC in 2007
5) See a real first hand un-biased interview research with ONP from US based wall street media which is totally different from Muddy Waters' manipulate nature: http://wallstreetmedia.com/show.aspx
6) See lots of good things about ONP in my previous posts.
I believe that ONP will be over $15 next year. I sold half of my sizable ONP shares at $15 at the beginning of this year, giving me over 5000% return. Yesterday, I bought all the ONP shares I sold. This morning, I bought some additional. If it fall again, I would more.
How much net earning for Q2 for tmb in your opinion, cl#1? Thanks.
A Disaster for Capstone Mining Corp?
Wildfire creeps closer to Minto Mine as milling operations continue
Precautionary measures, such as the evacuation of between 40 and 50 workers, have been taken as a wildfire continues to burn out of control 7 kilometers from the Minto Copper Mine.
Author: Dorothy Kosich
Posted: Monday , 07 Jun 2010
RENO, NV -
As of Sunday, it was reported that a wildfire fire continues to burn approximately 7 kilometers from the Minto Copper Mine in the central Yukon.
Operator Capstone Mining said 50 people left the mine site on Friday, but that 100 people remained on site after mining crews departed.
Capstone mining President Stephen Quin said flying out some workers lessens the burden should a complete evacuation of all 150 workers be necessary. Most of those evacuated are working for Whitehorse-based contract miner Pelly Construction.
Milling operations continued as of Sunday morning as the fire exceeded 3,400 hectares. The mine produced 51.9 million pounds of copper last year. Minto also produced 28,579 ounces of gold and 299,767 ounces of silver in 2009; Capstone has targeted 50 million to 55 million pounds of copper for 2010.
The wildfire was believed to have been started May 30th by high winds which blew a dead into contact with the spur line supplying power to the Minto Mine, igniting a ground fire that is spreading very quickly as a result of hot, dry conditions and strong winds.
There are 19 active fires in the Yukon, the largest at 20,500 hectares burning in the wilderness zone south of Dawson City. Most of these fires were caused by lightening.
Yukon Wildlands Fire Management has crews to protect critical mine infrastructure and contain the fire. Capstone Mining has released mining equipment from its contractor Pelly Construction to assist with fire containment. The Minto Mine has put a number of firebreaks and water sprinkler systems around critical or vulnerable infrastructure, and ensured it has water pumping capacity available to assist with fire fighting on site if needed.
In a news release, Capstone said, ‘As a result of site clearing during construction of the mine, all site infrastructure has a reasonable break between it and the vegetation, but additional fire break preparation, setting up sprinklers to wet down vulnerable infrastructure, establishing water distribution systems and other fire prevention recommendations from Yukon Wildlands Fire Management are being implemented."
Grid power to the mine has been turned over and Minto is running on diesel generators.
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Great news on PWEB, and it should run up for a few days as a result
CYXN made another poison financing. Together with warants, they have issued over 15 million new shares, which is nearly 50% dilution. This is difficult to understand.
On May 3, 2010, China Yongxin Pharmaceuticals Inc. (the "Company") consummated a subsequent third closing of its private placement of its equity securities with certain accredited investors pursuant to a Subscription Agreement for total consideration of $250,000 (the "Third Closing"). The Company issued to the investors secured convertible notes with a two year term, bearing 10% interest per annum, convertible into common stock of the Company at a conversion price of $0.20 per share, which is subject to adjustment for stock splits, recapitalizations and other similar events, and will also be adjusted on a full-ratchet basis to equal the price per share of any subsequent financing. The notes are secured by a first priority interest in all current and future assets of the Company, which will be cancelled upon repayment of the notes or upon conversion of at least 50% of the principal amount of the notes into shares of Company common stock. The notes may be redeemed by the Company at any time for 110% of outstanding principal and interest. The note investors also received, as a part of the financing, warrants for the purchase of up to 1.25 million shares of our common stock with an exercise price $0.50 per share (subject to adjustment for stock splits, recapitalizations and other similar events) exercisable for a period of three years. The Company will use the proceeds of the financing for the payment of auditing expenses, legal fees, operating expenses, supplies, and general working capital. The issuance of these securities was exempt from registration pursuant to Rule 506 of Regulation D promulgated under the Securities Act of 1933.
The Company previously consummated an initial closing of its private placement of its equity securities on January 25, 2010 in the amount of $700,000 (the "First Closing") and a second closing of its private placement of its equity securities on March 4, 2010 in the amount of $125,000 (the "Second Closing") with certain accredited investors pursuant to a Subscription Agreement.
http://biz.yahoo.com/e/100504/cyxn.ob8-k.html
Congratulation and thank Northenlight for your winning and sharing your great experience. It is remarkable!
Based on GPLB's earning last year ($.27 per share) and double digit growth, over $1 per share book, does current asking price $1.25 worth to pay?
Based on GPLB's earning last year ($.27 per share) and double digit growth, over $1 per share book, does current asking price $1.25 worth to pay?
Thanks, jmurfk. Got some GPLB at $0.55-0.6, and want to have more. But asking price $1.25 may be too high. What is the fair value in your opinion?
GPLB drop to $0.6 now, falling from nearly $1.5 a few weeks ago when its 10k came out earning $0.27 per share with double digit growth last year. Just got some.
GPLB drop to $0.6 now falling from nearly $1.5 a few weeks ago when its 10k came out earning $0.27 per share with double digit growth last year. Just got some.
Thanks, got some GPLB as well. Based on its earning $0.27 per share with double digit growth last year, current share price is really low. do you the reason behind?
SMTX at $3.57, but SMX.to merely $3.4, about 5% discount. Anyone knows why? Anyway, I sold SMTX and bought equal number of smx.to shares this morning.
You're right in the cash per share, Gary. I mistakely used authorized number of shares instead of issued ones. But the continuing income included one time other income $717,750.
CSOL: merely earned 0.03 per share last year, excluding one-time other income. I see its cash merely $0.06 per share, where $0.33 per share cash comes from? At current price, it is not undervalued
PWEB, the most undervalued stock right now in my opinion and an easy double from here:
Earned $0.08 per share last year, about 900% more than a year ago, and $0.05 per share last quarter before tax benefit, with book value over $0.21 per share and cash $1.5 million with no debt. The company is projecting rising profit margin and will resume growth after temporary breath this year. Its lawsuit with Google has been well dealt.
It should worth $0.5-$1. Yet, the stock is still traded below $0.2.
Thanks, Researcher, I sold half and still kept other half.
Thanks, King, I can understand why you have found so many hidden gems and achieved great investment success. Could you become my fund manager when I am too old to manage my money one day?
CHNG earned $6.12 million or $0.29 per share during the 4th quarter 2009, gained over 60% over the same period last year. Sounds very good for me. Just got some shares
10K: http://www.sec.gov/Archives/edgar/data/1120830/000114420410012483/v176813_10k.htm
chgy is now traded at $2.35. Thanks again, Northlight. How much should chgy be traded if scok can be traded at $50 today, Northlight? I sold scok too early. I have learnt the lesson and do not want to sell my sizable chgy position too early.
Got sizable CHGY at $0.96 a moment ago. Thank you for your informative posting, Northernlight
SSE is on the rising mood for additional 21% rise. SSE was proposed to be bought out at $7.25 per share with at least 50% of NVSL shares by NVSL when NVSL was traded at $5.8 and SSE was traded $3.37 last Friday. Since then, NVSL has risen nearly 18% to $6.83. Based on the purchasing agreement, SSE should now worth $7.90. The reason why it was traded at $6.5 may be because that it has already risen over 90% from $3.37 last Friday to current price, and most selling was made of profit taking. I believe catch up for additional 21% rise may happen in the next a few days.
Don't understand why SSE is still traded at $6.35. SSE should be traded $7.72 now, as NVSL rose 12.93% today and at least 50% buyout of SSE at $7.25 will be made by NVSL shares.
AEA gained over 8.8% today, despite the poor market environment
Sold CIMT too early at $2.58, and guess I am not as smart as you
Thanks, but I have already got some at $1.34 this morning, and I am willing to sell to you at 20% discount of your asking price.
Got some SSE which is traded below $6.50, even if it has entered a definite agreement to be bought out at $7.25 this morning:
http://finance.yahoo.com/news/Naugatuck-Valley-Financial-pz-1147082235.html?x=0&.v=1
Interesting on CIMT, but no shares are available for sale
AEA, a cash advance firm, is on rising mode now. If you look at similar cash advance firms in Canada such as RENTCASH INC (they face similar regulation issues), then you would understand why AEA should be traded at $10 instead of $5.56 right now.
I sold all my shares at $8.5, way too early. Even if I got them at $3.5 last week, I still felt sorry and wish that I could keep some and sell now.
Great semiconductor news for KLIC, Researcher, Thanks. I sold half of KLIC shares on the day before yesterday to reduce heavy exposure and continue to hold remaining and believe KLIC should worth at least $8