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The SFDA has changed a lot since the execution, its hard to get up-to-date info. It seems they are clamping down on drugs, not medical devices, I don't see any problems as Abaxis products are proven to be safe. http://www.ul.com/hitech/medical/china.html
http://www.tmta.ca/attachments/Registering%20devices%20in%20China .pdf >>>> The guidelines seem simple, you need an in-house distributor, the rest should be easy. I expect this to happen and soon, China is the one of the only countries that Abaxis doesn't sell its products. The upcoming cmef show would be a great time to pr this. I'm dreaming now...
Just wait and see what ? What tells you Ryan holds all these shrs ? Just on his word ?
Thats great news for ABAXIS and soon I believe will be great news for s3. Abaxis is a world class co with great, safe, products. Through e-mail correspondence with Abaxis, I have to believe the execution of the head of the SFDA has lengthened the approval process. I have spent hours researching the Chinese SFDA, imo their is no reason they shouldn't be approved as Abaxis products have been proven to be safe. Its just a matter of time, with the success of Abaxis world wide, there's no reason it won't continue in China. gl Holter
With the steel industry booming in China, and the long term forecast http://biz.yahoo.com/bw/080226/20080226005708.html?.v=1 I would have to believe Sino's PSC http://www.processsensors.com/ sales should be good, their products are world class. I'm surprised nothing has been mentioned about this recently as China is on fire as they say. Maybe the MTI deal might add some sales ? A three way back scratch lol The way China is growing Sino has to be feeling it imo.
Exactly right, every time he opens his mouth you can trim 10% off your account...thats pathetic, he should have split months ago, this mess might be straightened out by now.
I don't for the life of me understand your theory, first, how do you know Dan is holding LOTS of shrs ? If YOU were holding LOTS of shrs, and YOU were the CEO, would YOU keep making ridiculous statements especially after you have seen what problems they bring to the credibility of the stock ? Almost everything that guy has said over the last 6 months has NOT transpired. You can take " things take longer than he realizes " only so far, how do you know HE'S not dumping ?
I think it would be too late Red, I really think Danno's out. I think he has left the building, one of the " see ya, it was nice knowin ya " crowd. Thats why they built prisons, you build them, and they will come. " I hear that train a comin, its rollin round the bend, and I ain't seen the sunshine since I don't know when .. I'm stuck in folsom prison and time keeps movin on " The great Johnny Cash..... throw away the keys....
Thanks, I hear ya loud and clear, forget but don't forgive.... unless they take this to the moon, then I'll forgive lol gl ( where'd you catch that muskie ? )
No, not at all, everyone is celebrating the demise of the sp AND the fact that the ta reports say no change.... that coupled with the fact that Danno is mia is especially rewarding to those who sent him money. Everything is going according to plan, anyone remember the plan ?
Scoobey ? You must be excited, you don't usually work on weekends lol I know this has to be some kind of awakening for you, this board was dead, I mean dead, its a good thing whats going on here. You know what they say, miracles do happen lol This would certainly be one...
I think, after putting a lot of thought into this , that s3 is really serious about making a run at becoming a real co. I have been one of the biggest bashers of Jim Bickel for reasons that can't be denied. Bad timing ? YES Believing what you are told ? YES Getting screwed ? YES That all happened, to a lot of shrhldrs, but sometimes you have to just let it go. I think their is money to be made here, s3 has brought ( some seem over-qualified ) good people in here in the last yr, thats a big plus. I also think a lot of cheap shrs have been gobbled up in the last yr by those fore mentioned. They win, we win, period. I want to thank the newbies here, especially Rainmaker who points out the positives here, its hard for those who suffered through this process...I just hope these same newbies understand where the bitterness comes from.
We're thinking the same thing ? Thats scary Rain lol I agree 100%, they squandered the fushi shrs, and that was a shame, they play it smart here and use the equity to build on...now you're talking. This could mushroom, its as good as it gets in pinky country.
Personally I'd like to see them scrap the dividend and start reducing the os, start buying back these cheap shrs, while they're cheap. Talking about dividends at this stage of s3 is ridiculous imo. Time for a reverse/ dilution Jimbo.
Good luck to you and American Psycho, if certain events take place here in the next 6 months everyone should be happy, I hope Jim Bickel is finally going to turn this around. Its a shame it took this long, I hope some others can climb out of the hole he dug. Sorry about the occasional harsh comments, I'm sure you know where they come from. gl
No problem bud, the 000's ? the worst part is my alarm won't accept more than 3 digits, I don't mind staring at em if they're going up lol
I have more wood too, no, I won't go there..
Thats not very reassuring to me, he was one of the worst traders I've ever seen, one bomb after another, I should have known he'd fail....
Hindsight is 20/20.... you would be over there doing backflips if you had any... lol
Do something Red, I'm about ready to kick myself in the Dan for getting into this mess...lol... this is getting ridiculous.
Maybe timber and uranium is down ?
Its possible imo, the mess in China concerning the sfda should be cleaned up by now, that was a definite problem.
Well, their goal is to be reinstated to otcbb, its not like they're reaching for the stars lol It could easily be done if they are sincere about it, time will tell.
Someone tell him that message is deleted, I can't and I can't say why. lol
I thought the addition of Bruce Ruberg ( CFO ) who at one time worked for JDSU and Manhong Liu ( BOD ) were both great adds. Add the addition of Mr Toddy and you have to wonder " is this a pinky " ?
You would make a great assistant to this board. jmo
Thats true, would you attach your name and reputation to anything that Danno dreamed up ? I'd have lawyers working round the clock with anti- Helmer being sprayed every page or two. This might take a long time, I'd hope for a short squeeze....
Lets not go there, it gives me a headache lol
With the cmef show coming up, an Abaxis sfda approval announcement would really be a lift, Sino WAS doing ok, Redwood was a drag for S3, they really need Redwood to step up imo.
Woder what happened to these ? Press Release Source: S3 Investment Company
S3 Investment Company Discusses New Clients for Redwood Capital
Issued Tuesday March 21, 9:30 am ET
TEMECULA, Calif.--(MARKET WIRE)--Mar. 21, 2006--S3 Investment Company, Inc. (OTCBB: SEIH) today announced that wholly-owned portfolio company Redwood Capital, Inc., which assists private Chinese companies in accessing the U.S. capital markets by utilizing a network of investment banking relationships, is currently working with clients in the chemical, construction, food and pharmaceutical industries.
The client companies, each in different stages of Redwood Capital’s due diligence process, are being positioned for entry into the U.S. public markets through a reverse merger and funding through an initial Private Investment in Public Equity (PIPE). In addition to exhaustive due diligence conducted by Redwood Capital, many private Chinese companies require some degree of restructuring to prepare them for the reverse merger process.
Redwood Capital’s highly experienced investment and corporate management team, lead by general manager Miao Yang, has targeted “gold standard” Chinese low-tech and high-tech companies who wish to enter the U.S. markets. Many of these companies seek to access public capital in order to execute global expansion initiatives or other large-scale growth efforts.
“We are pleased with Redwood Capital’s continued progress with its current clients and look forward to additional milestones as these companies move toward entry into the U.S. public markets,” said Jim Bickel, chief executive officer of S3 Investment Company, Inc. “There is no shortage of potential Redwood Capital clients in the growing Chinese economy, but Redwood’s niche is identifying and assisting the types of companies that will not only make it through the reverse merger process but also operate successfully as U.S. public companies.
“Redwood Capital, due to the extensive experience of its management team in China, provides an invaluable service for U.S. entities seeking to invest in emerging Chinese companies. We are confident that Redwood’s current client list will yield several strong U.S. public companies and that S3 will benefit from the ongoing growth of Redwood Capital,” added Mr. Bickel.
About Redwood Capital
China’s rapid economic growth and increasingly global reach demand large amounts of private capital, and, unfortunately, experience with western investment banking practices is limited in Chinese corporations. Redwood Capital bridges this gap between Chinese capital needs and American public markets and assists Chinese low-tech and high-tech companies who wish to enter the U.S. market with rapid access to public capital markets. In exchange for its involvement in the client’s entrance into the U.S. financial markets, Redwood Capital receives a combination of fees and equity in the new U.S. company.
Same ploy they used after Fushi closed, they are trying to capitalize on the momo created by the pig deal lol Now its 6 ? LOL That is funny, even for them.
Crusade ? lol If my posts bother you then don't read them, its easy try it.
CORRECTION - One of the three was Fushi, my mistake. So from 2005 until now one completed, the pig packer would be 2.
Well, I know I'll be ripped about the age of this, but it is a barometer to what has transpired to this date. <<<< Taken from the 10-Q 09/30/05 During the quarter ended September 30, 2005, Redwood Capital was in the process of closing three large reverse merger transactions. Redwood Capital will receive fees and stock for the services that it has performed in arranging these transactions. Part of these fees will come in the second quarter of this fiscal year with the balance to follow in the third quarter of this fiscal year. Redwood Capital has a number of other clients in the pipeline and through its present and future deal flow will be able to repay all the money advanced to it this fiscal year as well as contribute a significant dividend to the Company. >>>> Yes it 2 1/2 yrs ago, but only 2 were ever completed, NONE of the 3 mentioned here ! BTW, this " great news " rounded up a real healthy herd of sheep, some of which are still grazing on this board.
They are picking up the scraps, they don't have the clout to do any on their own and never will imo. Thats why they can't do more r/m's, most of the time the bigger co's don't need them.
Well I have my thoughts but I don't want to be labeled a " basher " Why don't you do some dd and tell us all what it means ? All I will say is I will never trust the CEO, PERIOD.
lol Remember, this is the second r/m that has closed in how many years ? Remember the ones that were pr'd and didn't work out ? They projected closing many more than that, what happens if this is it for a year again ? They have not proven to be very good at this r/m game, I've always thought that the big boys are getting most of the r/m's. This is interesting..http://www.reversemerger.com/in_the_news_detail.cfm?InTheNews_ID=65
You hear its coming soon ? Where did you hear that ? tia
No Pickup, I wasn't referring to you. All the new faces declaring this is going to pennies lol if it ever does I figure I'll be about 110 yrs old, the ones holding strong will mostly be cutting soon, thats just the way it is.