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Thanks, maybe they post their choices tomorrow.
Couldn't have said that better myself.
Anyone know if Walmart made their vendor selection for their health delivery business. They were suppose to decide by Friday. Thanks.
Rdoggy, I agree. I still maintain that the risk of shorting down here is crazy if not irresponsible unless ofcourse they have the dd to know that BFAR is a scam. Objectively looking at the chart, why enter into a short position at this point? It sure would be a pretty site for the longs if they were shorting here and were actually forced into covering on news of audited financials. That is the real shitty part of this pink sheet status in that the naked shorting can go on. Who knows if these guys really do cover.
Finally broke through. That was frustrating.
How many more shares can there be for sale at 0.055? Can't make a dent in the supply.
Nice list of the employees of the hospital division.
http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fwww.bjzhrk.com%2F
The hospital management company seems to be alive and kicking.
http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.bjzhrk.com/&ei=X3YCT8jZO5GEtgeClKjQBg&sa=X&oi=translate&ct=result&resnum=1&sqi=2&ved=0CCIQ7gEwAA&prev=/search%3Fq%3D%25E5%258C%2597%25E4%25BA%25AC%25E6%2599%25BA%25E5%2592%258C%25E7%2591%259E%25E5%25BA%25B7%25E5%258C%25BB%25E9%2599%25A2%25E7%25AE%25A1%25E7%2590%2586%25E6%259C%2589%25E9%2599%2590%25E5%2585%25AC%25E5%258F%25B8%26hl%3Den%26biw%3D1170%26bih%3D541%26prmd%3Dimvns
aint that the truth!
MT77, why such confidence? I haven't been able to confirm any of the recent releases and am anxiously waiting on some audited financials. You seem to think this is already in the bag and I am wondering why?
Thanks
No doubt, If they could produce half legitimate numbers from what they produce as unaudited and we have several million shares held short at these levels, the stock price will overshoot by a large percentage. That would be a nice 2012 present.
Ballsy trade to short at this level. I have to think there are better trades out there than to risk a short at 0.06. That would be a great squeeze if those short numbers are legit. That is the over shoot we would all be looking for.
I'm not sure a limit order for 100,000 at 0.06 moves the price. The supply is much greater then is being shown.
Check out the 5,000 shares on the ask. 25,000 have been purchased and the ask hasn't changed. The supply shows as 5,000 at 0.06 but can't get taken out. That is why I brought up endless.
Endless shares at 0.06 again. Will this guy ever run out of shares to dump on us?
Wallas, what did yhou come up with? I still find no cross reference.
The mystery continues with these guys. Everything put in print is a struggle to verify. How can a search not find anthing about a companies partner/managing director when searching along with the company name? I got to say, if they are making this stuff up, you have to hand it to them, they sure are creative.
I can't find anything. I went 7 pages deep on google and couldn't come up with any reference.
I can't give you a link if the info doesn't exist. There are many elite capital groups. None reference the BFAR deal or their partner/managing director as Andrew Lee. The firm you reference is called elite human capital group and is a placement agency for individuals.
Different name and Andrew Lee doesn't show up as a managing director
Not the same company.
True, but as I said before, the drop in price is either due to the seller having more shares to supply than you are willing to pick up, or you and others are being much more patient and making the sellers pain much more by buying his shares down here at 0.06 instead of .010-.20. The seller is not concerned so much with what he/she gets filled at. Whoever they are, they want out.
He would if he knew about it. If he is just going about his regular daily routines, and he didn't follow BFAR, he would never know the pr was out there. Until ofcourse he googles himself. I don't believe that this scenario is the case but I felt I had to throw it out there. I wouldn't put anything past scammers to fill their agenda.
Born, I like your scenario. I just don't like the downside volume. 2,280,000 on the way up, to 5,115,000 on the way down.
You got me. The volume/supply is way more than I anticipated. What is concerning is that after the unaudited results and the board appointment, one would think it would tilt things in favor of the bulls with the speculation that BFAR could be real. We have the complete opposite and have huge supply doing anything to get out. The huge supply is usually from some insiders/institutions. Not knowing for sure as to why some things trade the way they do, the volume is usually a pretty good indicator that these guys know something more than we do or are just not willing to see this through. Either way you can't see the recent activity as lending any support that BFAR is on the up and up. My latest theory/question that I thought up yesterday: Does Kenneth Wong even know who BFAR is? Is this such a scam that they just troll social networking sites, pick a name with credentials that fit a certain mold and throw it out there? What if Kenneth Wong doesn't even know he has been appointed to the board. I am not saying that I beilieve this to be the case but I can also see something along these lines popping up down the line from these small chinese comapnies. Call it paranoia, but there really isn't much else to go by and the reaction to the latest PRs tells me that there isn't much to them in the form of trust.
Loupai,
Same guys is back again today. A few minutes earlier than the norm
Not form T. Seems rather methodical which in my mind rules out retail investor but that is strictly speculation on my part.
Not getting the feeling, from how this trades as of late, that the pumpers are the ones getting out. Each day there seems to be some sort of arranged buy/sell from 3:45-4:00 for 150K up to 400K shares. I doubt this is a board member trade on either side of the tape. Either way, the seller has deeper pockets or the buyer is just more patient, we are tanking the last rally.
Interesting last 2 trades of the day.
BioPharm Asia Appoints Independent Director 12/08 09:00 AM
NEW YORK, NY and TONGHUA, CHINA -- (MARKETWIRE) -- 12/08/11 -- BioPharm Asia, Inc. (BFAR:$0.0880,$0.0000,0.00%) , a producer, distributor and retailer of medical products in China, today announced appointment of independent director.
On December 8, 2011, the Company's board of directors appointed Mr. Kenneth Wong, age 47, as independent director of the Company, effective immediately.
Mr. Xiayang Hu, Chief Executive Officer of BioPharm Asia (BFAR:$0.0880,$0.0000,0.00%) , said, "We are pleased to welcome Ken to our board. With nearly 20 years of healthcare and financial experience in serving senior management positions including President and Chief Operating Officer, we believe Ken will make wise contributions to the board's deliberations and decisions -- in leadership, strategy, management, and in operations practice. Plus his prior corporate compliance expertise, will serve our board well to meet our regulatory filing requirements."
Formerly, Mr. Wong held senior-level financial positions at Pacific Bridge Medical (1991 - 2002), were he was responsible for, and oversaw Healthcare Staffing, Specialty Pharmaceutical Distribution/Infusion Therapy and Network Management lines of business. Mr. Wong supervised the pharmaceuticals practice at Pricewaterhouse Coopers Hong Kong (2002 - 2010). Serving as a tax partner at PwC, Mr. Wong had a broad range of domestic and international medical technology, pharmaceutical and biotechnology clients. He was integral in the company's IT, risk management, mergers and acquisitions activities.
Mr. Wong is a graduate of the University of Kentucky and is professionally affiliated with the American Institute of Certified Public Accountants, Hong Kong Society of Certified Public Accountants, and the Healthcare Financial Management Association
"I'm surprised some hedge funds are not hiring some folks who can navigate their way around china to get this stuff figured out!"
What makes you think they aren't?
Well said!
You get ACSB to validate these numbers and we are in business.
http://www.completeconsulting.us/
This is where he went. Looks like he went out on his own.
Here is a summary from past experience including working at ACSB.
For the past Six years I have been auditing US Public Companies which primarily had operations in China. During this time I saw a large need for non-attest services in this market. Complete Consulting plans to stay in the China market as consultants.
We also plan to expand our US based client services in the New York area.
Wednesday, July 01, 2009
David Svoboda has joined ACSB as Audit Partner
ACSB has admitted David Svoboda as Audit Partner and Partner in charge of the firm’s SEC Audit Practice.
Results are all the same, still engaged. What else would they say with their reputation on the line?
I agree that the filing was clear on what they wanted but that doesn't mean shit. I want BFAR to file financials and we see how far what I want goes.
If the auditors don't know about the sale it is no wonder why it is taking so long to confirm the books. Either the sale didn't happen, (explains why they don't know about it) or the accountants aren't fit to do an audit as it is a huge piece of the business if not the whole business. How can they not see from one quarter to the next revenue changes by subsidiary?
Not speaking for anyone other than myself. I agree that it is good for BFAR with no sale. Didn't seem like that sale was in the best interest of the shareholders! There has never been any confirmation that a sale was ever completed especially without any shareholder input. I wouldn't expect the auditor to respond any differently on acquisition/sales as in my opinion, these transactions have never happened. If the transactions completed we would need to have seen an 8-K showing so and that payment was recived on the sale. Now we know the purchase hasn't taken place sop that makes sense on the auditors response concering that part of the transaction.
Still murky waters but at least a bit more info.
Loupai, I'm still not convinced that this transaction "transfer all of the outstanding shares of its subsidiary Tonghua S&T Medical & Pharmacy Company Limited (“PHARMACY”) and its subsidiary Yunnan Silin Pharmaceutical Company Limited (“Silin”)" ever took place. But if it did, and they obviously haven't bought Hubei HolleyZhengyuan Pharmaceutical Company Limited since they are being liquidated, then where is the money?
Not holding my breath, but would ne nice to see something else in print confirming BFARs side of the transaction.