is Loving China.. considering learning Mandarian
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CNOA, yeah I got in that one around $.15 and had already pulled my principal out before the big run. Didn't like how things turned out so I recently pulled everything out. Figured it would stagnate for awhile. Still might be something to revisit in the future..
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=43961760&txt2find=cnoa
Something else to consider too is Rule 144(i) which I actually became aware of while researching SIAF.
Even if they wanted to dilute.. they can not obtain free trading stock under Rule 144 without first filing a Form 10 with the SEC. That is the very reason they have been going through the process.
Google "Rule 144(i)" and spend some time researching it.. it can come in handy in the future when considering pinks.
Yep, if you recall I went out of the way to confirm it was the real deal..
http://investorshub.advfn.com/boards/replies.aspx?msg=35435752
I spent probably a good 40 hours conducting DD. I determined the company to be 100% legit and had a very experienced management team.
You are right, it did all seem to good to be true.. but this is one instance where being very thorough with your DD pays off. That is why so many people get scammed by OTC stocks.. they simply lack the knowledge and discipline to spend the time needed to fully research a company.
Let's revisit this later next year after they have filed their Form 10 and are listed on the OTCBB posting $.20+ EPS and trading $2+ at which point I can finally claim a penny stock made me a millionaire.
Your right, I doubt anyone is going to get another 10 bagger out of it. That wasn't the point though.. it is a relatively stable stock that has held that 9,000% gain for over 6 months.. How many have you seen do that.. and be honest.. not many if any..
It is a fundamentally sound company that is growing in a very attractive industry..
No, big gains are a thing of the past.. however a mediocre trader could make 10%-20% swing trades on a very predictable stock..
Maybe you should have done more due diligence.. you still might be holding several hundred thousand shares like me. Wouldn't surprise me if I was the one that bought all your shares he-he..
SIAF Worth a Look
Very seldom does one of these OTC stocks ever meet the true definition of a "hidden gem". They almost always disappoint.
There has yet to be any disappointment with SIAF. Book value of $1, forward earnings of approximately $.13 (double expected in 2010).
Legit auditor (Madsen and Associates, CPA's) working on 2008-2009 audits for up list in 2010. (2006-2007 audits complete and posted on pinksheets)
Legit attorney, Michael T Williams, retained to file the Form 10..
The chart speaks for itself..
What's the definition of an accountant?
Someone who solves a problem you didn't know you had in a way you don't understand.
Laws of Accounting
1. Trial balances don't
2. Bank reconciliations never do
3. Working Capital does not
4. Return on Investments never will
One last thing.. Rule 144(i) pretty much killed most pinksheet R/M... so if you see or hear about a pinksheet R/M, it probably is a scam.. or the people who bought the shell were scammed.
SIAF bought their shell just before the Rule went effective. Now that the rule is on the books however, SIAF is having to file with the SEC if it ever wants liquidity for it's investors, or the ability to utilize Rule 144.
This works to our favor as no new shares can be made free trading.. but it does cost the company a bit more to go public.
I don't like R/M's, very seldom is there any reason for a Company to conduct a R/M. Bottom line, guys like Joesph Muese have made a fortune steering Company's down a path that inevitably makes him more money.. but offers very little to the company in terms of a good deal.
As an example, when a private company merges into a OTCBB shell, that company is still required to file the same financial statements and disclosures as it would if it simply went public from scratch without a shell. So the administrative costs are THE SAME. Now tack on the cost of the shell ($250K+ for OTCBB) plus the equity (Usually 10%-20%) which is held over by previous directors and promoters..
Here is a good explanation on the topic..
http://www.gopublicdirect.com/bad-public-shells
In the case of SIAF.. in all honesty their R/M didn't work out so well for them either. They merged into a Pinksheet, that had piggy back status... but they still are having to go through the process of conducting audits and filing with the SEC... The money they are now spending to go OTCBB.. is just extra money on top of what they had to pay for the shell..
R/M suck.. if anything it shows management doesn't understand the going public process and have been duped by slick talking shell brokers..
About the ONLY time a R/M is worth it, is if a large financing package goes along with it and the shell is simply part of the deal.
Yep, while our Congress is to busy arguing over who's liberal or conservative, the Chinese are steam rolling ahead. Gotta give props to a genuinely pluralistic society operating on a hybrid Communism model which is embracing a more regulated form of capitalism.
Things seem to get done more efficiently when the decision makers aren't so busy worrying about re-election..
"Tijuana street vendor", lol...
I'm a buyer right now.. gotta out bid me or hit the ask if you want any ;)
Nice little stacking going on at $.90.. might be a few there, other than that she is tight.
You do realize a NOBO list is considered private information? You might be breaking the law passing it around :)
Where's the 10K?
Just curious lol.
Stock Promotion at its best. Fwiw, they are not truly an IR firm in the traditional sense.
SIAF Chart worth a look
Consolidation has been very strong. We look to have formed a strong base of $.80 with $.90 being the resistance. A $.90 break looks good in the next week or two. Volume has also been picking up leading into this.
Due to Rule 144(i) regarding shell mergers, we can expect the share structure to remain static for some time to come. All post merger shares are ineligible for Rule 144 until at minimum 12 months after Form 10 filing for affiliates and 6 months for non-affiliates. By then I expect the Company to be $.23+ annual EPS and a fully reporting company.
Agriculture is the hedge and bubble all in one.
I actively trade and employ aggressive trading strategies, I do not believe in "buy and hold". My managed accounts are always liquid... or as liquid as the market allows. I let the market itself "hold" my position per say.
100% China Agriculture is my strategy for the next 2 years at minimum. Fully vested, however continuing to trade liquidity to build position and maximize growth through cost averaging.
Main focus on both stock feed and fertilizer, with a secondary focus on beef and dairy.
Reasons: Aggressive Agriculture growth in China is indisputable. For that reason, I feel fertilizer and stock feed products will be the high growth sectors needed to fuel the growth and meet growing middle class demand. Also primary focus on Organic operations (fertilizer without chemicals) as China is realizing its carbon footprint is getting to large (unlike the U.S., Asians are smart and are taking steps to move past the U.S in that effort). Beef and Diary will also grow as the middle class expands and consumerism grows ( SIAF ). Beef and Dairy is one market that has huge room for growth due to its current relatively small size. Stable growth comes out of Hog as it is still the most consumed product ( FEED ). Distribution and logistics, I felt ( CNOA ) would fit this bill but management has me nervous so it has been currently dropped from my strategy.
Main focus SIAF, FEED
Secondary focus GRO, SEED, HOGS, CGA, CKGT, CHME
Dropped CNOA, CDBT
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=41460480&txt2find=watch
Mainstream China news..
Something we don't talk about often.. when China news hits the more pop culture news outlets, folks like us can profit from it greatly since we already understand the China threat.
http://money.cnn.com/2009/11/23/news/companies/gm_china/index.htm
FEED out $5.36 from $4.32
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=43733689&txt2find=feed
OT: My M3 Dyno! 340HP to the wheels, 270 TQ on 4PSI Supercharged
4844% YTD gain..
muhaha.. I might know a thing or two about what that feels like in regards to SIAF lol..
Very nice Ag list btw.. I'm curious how you import that data into your site from google?
http://fixyou.co.uk/screen_china_agri.php
9 out of 10 Ag's not bad..
Damn.. SEED lol..
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=41460480&txt2find=seed
GZGT No surprise there..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38475493&txt2find=gzgt
Interesting choice of words
The product’s target market aims at all primary and secondary schools in China, which may demand 5,000 units per year in volume, and may generate revenues amounted RMB 40 million Yuan at a unit price of RMB 8,000 Yuan."
Until filings show actual historical growth and revenue.. you may met those figures.
Why are you trying so hard to convince me? I don't invest in "maybe".
Dang CSP.. you sparked a sell off! I'm going to have to start calling you "Stock Crusher" lol.. J/K
Bored out of my mind today.
roflmao I did say that didn't I..
I must have been drinking when I wrote that..
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=39376590&txt2find=energy
haha.. did you get shook? Wall Street is a mean place isn't it.
We are all friends here though!
CHOP the new looker in town? Haven't looked at it yet. Some saying next quarter guidance not so hot.. might take a look
10Q review..
Since you elected to drag me back into the conversation here is my review of the 10Q
24,767,798 outstanding
Book $.06
9 months ending diluted EPS $.01 (down from $.05 which is A LOT of future dilution anyway you stack it)
Fair value..
2 X book $.12 PPS or;
15 X EPS $.01 $.15 PPS
Stock is trading at a premium to its fair value in my opinion.
Financing comes in all forms.
You can go to a bank and get a loan for a respectable interest rate, or you can go to Tony at the back of the Pizzeria.
Most OTC's elect Tony for their financing.. so it has created a negative stigma in the market.
Don't twist my words.. your comparing apples to oranges. Btw, if you worked this hard at conducting DD on me as you did your stock picks I would be impressed.
SNBP - Way overvalued
Book $.02
Net income $237K, EPS .003
Certainly not worth $.26 a share..
SNBP I'll take a look.
Now I don't see anything wrong with promotion, it is the life blood of many OTC's but I would be curious why so much was paid to a single tout. $45K is a lot of dough for a profile. You can get a lot more effective marketing done for that kind of cash.
RJR has been compensated forty-five thousand dollars cash, from a non-controlling third-party for the profiling of Sinobiopharma Inc. (SNBP.OB) on our website.
Flo-bee I'd say a break is coming with all this volume.
How many auditors does it take to screw in a light bulb?