Farm the turd -- beat the herd
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NEP 8-K (In response to bigfish research hit piece, 2009-2010 drilling contracts), watching today.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7553472
The Registrant is filing, as exhibits to this report, English translations of certain of the 2009 and 2010 drilling contracts of its subsidiary, Jilin Songyuan Tiancheng Drilling Engineering Co. Ltd. (“Tiancheng”), portions of which are redacted to protect proprietary and confidential information. Tiancheng entered into these drilling contracts in the ordinary course of business and the Registrant was not therefore required to file them as material contracts under Item 601 of Regulation S-K. In addition, the Registrant is filing, as exhibits to this report, English translations of the cover and signature pages of drilling contracts between Tiancheng and subsidiaries of PetroChina Company Limited (“PetroChina Subsidiaries”), which represent the balance of the Company’s drilling contracts. The Registrant and its subsidiaries are subject to non-disclosure obligations with respect to the drilling contracts with the PetroChina Subsidiaries and do not currently have their consent to disclose the content of these contracts.
NEP 8-K
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7553472
The Registrant is filing, as exhibits to this report, English translations of certain of the 2009 and 2010 drilling contracts of its subsidiary, Jilin Songyuan Tiancheng Drilling Engineering Co. Ltd. (“Tiancheng”), portions of which are redacted to protect proprietary and confidential information. Tiancheng entered into these drilling contracts in the ordinary course of business and the Registrant was not therefore required to file them as material contracts under Item 601 of Regulation S-K. In addition, the Registrant is filing, as exhibits to this report, English translations of the cover and signature pages of drilling contracts between Tiancheng and subsidiaries of PetroChina Company Limited (“PetroChina Subsidiaries”), which represent the balance of the Company’s drilling contracts. The Registrant and its subsidiaries are subject to non-disclosure obligations with respect to the drilling contracts with the PetroChina Subsidiaries and do not currently have their consent to disclose the content of these contracts.
Goldman Sachs Downgrades SINA Corporation (SINA) to Sell, Sees 26% Downside
CSR - China Security & Surveillance Technology Enters into Merger Agreement with Rightmark Holdings Limited and Rightmark Merger Sub Limited 7:20 PM ET 4/20/11 | PR Newswire
China Security & Surveillance Technology, Inc. ("CSST" or the "Company") (NYSE: CSR; Nasdaq Dubai: CSR), a leading integrated surveillance and safety solutions provider in the P.R.C., today announced that it has entered into a definitive agreement and plan of merger with Rightmark Holdings Limited ("Parent"), a British Virgin Islands company wholly owned indirectly by Mr. Guoshen Tu, and Rightmark Merger Sub Limited ("Merger Sub"), a Delaware corporation wholly owned by Parent. Mr. Guoshen Tu is the Company's Chief Executive Officer and the Chairman of the Company's Board of Directors and beneficially owns approximately 20.9% of the Company's outstanding shares of common stock (the "Company Common Stock").
Under the terms of the merger agreement, each share of the Company Common Stock issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive $6.50 in cash without interest, except for (i) shares in respect of which appraisal rights have been properly exercised under Delaware law, and (ii) shares owned by Parent and Merger Sub (including shares to be contributed to Parent by Mr. Guoshen Tu and certain other senior members of the management (collectively, the "Rollover Investors") pursuant to a rollover agreement between Parent and the Rollover Investors (the "Rollover Agreement") immediately prior to the effective time of the merger), which will be cancelled without receiving any consideration. The offer represents a 58.5% premium over the closing price as quoted by Bloomberg L.P. on March 7, 2011, the last trading day prior to the Company's announcement on March 8, 2011 that it had received a "going private" proposal, and a 30.3% premium over the 90-day volume weighted average price as quoted by Bloomberg L.P. as of the same date, on March 7, 2011.
Parent has secured debt facility from China Development Bank Corporation Hong Kong Branch to finance the transactions contemplated by the merger agreement. The Company's Board of Directors, acting upon the unanimous recommendation of the Special Committee formed by the Board of Directors, approved the merger agreement and resolved to recommend that the Company's stockholders vote to adopt the merger agreement. The Special Committee, which is composed solely of independent directors unrelated to any of Parent, Merger Sub or any of the management members of the Company, negotiated the terms of the merger agreement.
The merger contemplated by the merger agreement, which is currently expected to close before the end of the third quarter 2011, is subject to customary closing conditions, including, but not limited to, (i) adoption of the merger agreement by the Company' stockholders, (ii) the absence of any order or injunction prohibiting the consummation of the merger and (iii) truth and correctness of each party's representations and warranties at closing. The merger agreement may be terminated under certain circumstances, including, among others, termination by mutual agreement of the parties, termination by either party if the merger is not consummated on or before April 20, 2012 and termination by the Company at any time for any reason on or prior to May 4, 2011, as set forth in the merger agreement. The Company will call a meeting of its stockholders for the purpose of voting on the adoption of the merger agreement as soon as practicable. If completed, the merger will, under laws of the state of Delaware, result in the Company becoming a privately held company and the Company Common Stock would no longer be listed on the New York Stock Exchange or Nasdaq Dubai.
Shearman & Sterling LLP is serving as U.S. legal advisor to the Special Committee. Pillsbury Winthrop Shaw Pittman LLP is serving as U.S. legal advisor to the Company. Bank of America Merrill Lynch is serving as financial advisor to Mr. Guoshen Tu. Skadden, Arps, Slate, Meagher& Flom LLP is serving as U.S. legal advisor to Mr. Guoshen Tu. White & Case is serving as Hong Kong legal advisor and Walkers is serving as BVI legal advisor to China Development Bank Corporation Hong Kong Branch.
Additional Information about the Transaction
The Company will furnish to the Securities and Exchange Commission (the "SEC") a current report on Form 8-K regarding the transaction, which will include the merger agreement and related documents. All parties desiring details regarding the transaction are urged to review these documents, which are available at the SEC's website (http://www.sec.gov).
In connection with the proposed merger, the Company will prepare and mail a proxy statement to its stockholders. In addition, certain participants in the proposed transaction will prepare and mail to the Company's stockholders a Schedule 13E-3 transaction statement. These documents will be filed with or furnished to the SEC. INVESTORS AND STOCKHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT RIGHTMARK, THE COMPANY, THE PROPOSED MERGER, THE PERSONS SOLICITING PROXIES IN CONNECTION WITH THE PROPOSED MERGER ON BEHALF OF THE COMPANY AND THE INTERESTS OF THOSE PERSONS IN THE PROPOSED MERGER AND RELATED MATTERS. In addition to receiving the proxy statement and Schedule 13E-3 transaction statement by mail, stockholders also will be able to obtain these documents, as well as other filings containing information about the Company, the proposed merger and related matters, without charge, from the SEC's website (http://www.sec.gov) or at the SEC's public reference room at 100 F Street, NE, Room 1580, Washington, D.C. 20549. In addition, these documents can be obtained, without charge, by contacting the Company at 13/F, Shenzhen Special Zone Press Tower, Shennan Road, Futian District, Shenzhen, People's Republic of China, 518034, telephone: (86) 755-83510888.
The Company and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from our stockholders with respect to the proposed merger. Information regarding the persons who may be considered "participants" in the solicitation of proxies will be set forth in the proxy statement and Schedule13E-3 transaction statement relating to the proposed merger when it is filed with the SEC. Additional information regarding the interests of such potential participants will be included in the proxy statement and Schedule 13E-3 transaction statement and the other relevant documents filed with the SEC when they become available.
This announcement is neither a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other filings that may be made with the SEC should the proposed merger go forward.
10 amigos:(no particular order)
EESC
GFRE
LNDT
SCEI
CCCL
SRRY
CHGY
BWOW
TSTC
Suggestion, throw a wildcard on the amigo list. a stock that recieved only one vote that is unfollowed and scam free, mods would vote on wildcard
KUTV Ku6 Announces Merger With Pipi.cn
BEIJING, April 20, 2011 /PRNewswire-Asia/ -- Ku6 Media Co., Ltd., (Nasdaq:
KUTV) ("Ku6" or the "Company"), a leading Internet television company in China,
announced today that Ku6 and the shareholders of Hangzhou Soushi Networking
Co., Ltd. ("Pipi"), a leading P2P based internet video platform in China, have
agreed to the sale of Pipi to Ku6, in an all stock transaction under which all
of the equity interests in Pipi will be sold to Ku6 in exchange for an
aggregate of 2,212,114,257 Ku6 ordinary shares. After the completion of the
merger, Pipi will become a wholly-owned subsidiary of Ku6.
Completion of the share purchase will be subject to the condition that the
shareholders of Ku6 approve the issuance of ordinary shares of Ku6 to the
shareholders of Pipi at a special shareholders meeting to be convened in the
near future. The transaction is expected to close in the second quarter of
2011.
Shanghai Shanda Networking Co., Ltd. ("Shanda Networking"), a wholly-owned
subsidiary of Shanda Interactive Entertainment Limited (which is a major
shareholder of Ku6), is one of the early investors of Pipi and holds 32% of the
equity interests in Pipi. Shanda Networking will sell its equity interests to
Ku6 in this transaction. A special committee, comprised of three independent
directors of Ku6, represented Ku6 in the negotiations of the transaction. Based
upon and subject to the qualifications, limitations and assumptions set forth
in its written opinion dated April 20, 2011, the same date as KPMG Advisory
(China) Limited has rendered its oral opinion, to the effect that as of that
date the consideration to be paid by Ku6 was fair to Ku6 from a financial point
of view. The special committee approved the proposed transaction on April 20,
2011.
All selling shareholders of Pipi intend to enter into lock-up agreements for
a period of 181 days to two years after closing with respect to the Ku6 shares
that they will receive in the merger.
Commenting on this merger, Mr. Haifa Zhu, Acting Chief Executive Officer of
Ku6, said, "We are very pleased to announce this merger with Pipi, which we
believe is one of the best P2P based internet video platforms in China. After
merger with Pipi, we believe we will become the first internet television
company with large-scale operations in both browser and video player in China.
We believe that we will have more opportunities to achieve synergies going
forward and we will continue to expand our market share, our users number and
our advertising clients number in the fast-growing online video market in
China."
Mr. Lianghai Yang, Chief Executive Officer of Pipi, said, "We are excited to
join forces with Ku6. In March 2011, Pipi Player has reached peaked concurrent
users number of about 5.3 million. I am confident that the combined company
will be better positioned to compete effectively in the continually expanding
online video advertising market in China."
This press release does not constitute an offer to sell, or the solicitation
of an offer to buy, securities, and does not constitute an offer, solicitation
or sale in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Ku6 Media Co., Ltd.
Ku6 Media Co., Ltd. (Nasdaq: KUTV) is a leading Internet television company
in China. Through its two premier online brands and online video websites,
www.ku6.com and www.juchang.com, Ku6 provides video information services and
entertainment in China.
As a leading online video portal, www.ku6.com provides a video platform for
sharing and watching user-generated content. It also provides online video
news, reports, and other interactive entertainment programs for its users.
Ku6's www.juchang.com offers a broad array of copyright compliant content,
such as movies, television series, and other video programs sourced from Ku6's
global content partners, with all content having high definition quality and
fast speeds for seamless viewing. For more information about Ku6, please visit
http://ir.ku6.com.
About Pipi.cn
Pipi.cn is one of the leading P2P based internet video platforms in China.
Through its website pipi.cn and its client-side software PIPI Player, it
provides both live broadcasting and on-demand viewing of a variety of content
such as movies, TV serial dramas, sports broadcasts, games and competitions,
cartoons, variety shows, current news reports and financial news reports in
China. For more information about Pipi, please visit http://www.pipi.cn.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are
made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements are not historical
facts but instead represent only the Company's beliefs regarding future events,
many of which, by their nature, are inherently uncertain and outside of the
Company's control. It is possible that the Company's actual results and
financial condition may differ, possibly materially, from the anticipated
results and financial condition indicated in these forward-looking statements.
Statements in this announcement that are not historical facts, including but
not limited to statements regarding Ku6's and Pipi's ability to achieve
synergies and capture opportunities in the internet and media market in China,
the continuous growth of the Company and the success of any acquisitions or
investments by the Company or any subsidiaries, represent only the Company's
current expectations, assumptions, estimates and projections and are
forward-looking statements. Important risks and uncertainties that could cause
the Company's actual results to be materially different from expectations
include but are not limited to the risk that this or any future merger will not
create the operational and financial results that the management and boards of
directors of Ku6 and Pipi expect, including in particular the possibility that
this merger may not be accretive to earnings in any future period; the risk
that this and any future merger could divert management's attention from Ku6's
operations, which could adversely affect its results of operations; the risk
that Ku6 will not be able to effectively manage Pipi, the risk that our online
video website fails to attract advertisers or content providers; the risk that
the Company fails to deliver continuous growth in 2011; and the risks set forth
in the Company's filings with the U.S. Securities and Exchange Commission,
including the Company's annual report on Form 20-F. Forward-looking statements
speak only as of the date they are made, and the Company undertakes no
obligation to update publicly any of them in light of new information or future
events, except as required under applicable laws.
For more information, please contact:
Mr. Matthew Zhao (English and Chinese)
Investor Relations Officer
Telephone +86 10 5758 6818 in Beijing
ir@ku6.com
DGW also halted, currently T-1 status
CIGX S-3 Filing, should provide an interesting trading opportunity.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7552902
CTEL - City Telecom Announces Interim Results 2011 04/20 03:53 AM
HONG KONG, April 20, 2011 (GLOBE NEWSWIRE) -- City Telecom (H.K.) Limited (CTEL:$14.82,00$0.15,001.02%) ("The Group") (HKSE:1137) today announced interim results for the 6 months ended 28 February 2011. Financial performance for 1H FY2011 proves that the Group is very much on track for higher profitability driven by Fixed Telecommunications Network Service (FTNS) business, as well as lower financial costs. The Group declared an interim dividend of HK15 cents per ordinary share, up 131% from HK6.5 cents per ordinary share for the same period last year.
Highlights :
Net profit up 44.0% year-on-year to HK$167.6 million with basic earnings per share amounted to HK$21.9 cents versus HK17.3 cents for same period last year
Declared an interim dividend of HK15 cents per ordinary share, up 131% from HK6.5 cents per ordinary share for same period last year
Core EBITDA increased by 16.7% year-on-year to HK$301.6 million
Turnover grew by 5.1% year-on-year to HK$825.9 million driven by higher revenue contribution from our Fixed Telecommunications Network Service (FTNS) business of 7.6% year-on-year to HK$727.2 million
For six months to 28 February 2011, broadband subscription increased by 25,000 net additions to 551,000, dominating 68% of total estimated market growth of 37,000
Chairman of the Group, Mr. Ricky Wong ("Mr. Wong"), said, "First of all, I would like to thank my talented team for their hard work and their contribution to the splendid performance of our Group for 1H FY2011. I expect that the financial performance for 2H FY2011 will be equally satisfactory."
For full press release, please visit http://reg.hkbn.net/ctigroup_admin/files_upload/110420_FY11_PR_E.pdf
Good Morning Landm!
CHGY -
Link to yesterday's 10-Q filing, expect PR this AM:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7549799
CCME - the drama continues
19 Apr 2011
Fujian Fenzhong Media Co., Ltd. is Awarded AAA Credit Rating
In April 2011, entrusted by our company, Beijing ZhongKeJingXie Credit Assessment Center Co., Ltd. carried out a comprehensive analysis on the enterprise's management quality, capital strength, performance credit and innovation capacity. After the evaluation by the Assessment Committee of Beijing ZhongKeJingXie Credit Assessment Co., Ltd., our company is awarded AAA credit rating, that is, strong ability to repay debts, basically independent to the impact of adverse economic conditions, with extremely low default risk. It is reported that Beijing ZhongKeJingXie Credit Assessment Co., Ltd. is one of the most reputable credit rating agencies in China that has consistently adhered to its independent, objective, impartial and scrupulous rating principles; its rating work has received full recognition from the relevant departments and agencies, and its rating results are also well recognized by the community and investors.
Credibility is the key of the market economy, and it enjoys the supremacy; the credibility is both the life of enterprises, and the foundation to establish good trade relations and economic transactions. Only those enterprises that stress credibility and honor reputations can obtain the trusts of customers and the community. The award of AAA Credit Rating to our company, and has encouraged us to uphold the spirit of good faith in the future to achieve a more harmonious development.
http://www.ccme.tv/eng/news/media_content.php?evt=m20110419
CHGY one to watch. 10Q released today, earnings PR expected tomorrow am. China coal, p/e <2, very low fraud risk, will move when hits the wires. Other plays for tomorrow: AVL, CCCL, AWRCF
CHGY 10 Q:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7549799
GMXR - GMX RESOURCES INC. Announces First Quarter Earnings Release Date and Conference Call Information 04/19 01:17 PM
OKLAHOMA CITY, April 19, 2011 (GLOBE NEWSWIRE) -- GMX RESOURCES INC (GMXR:$5.5800,$0.0000,0.00%) ., , today announces that the Company will release its 2011 first quarter financial and operational results after the close of trading on the New York Stock Exchange on Monday, May 9, 2011.
The Company has scheduled a conference call for Tuesday, May 10, 2011 at 8:00 a.m. CDT (9:00 a.m. EDT) to discuss the first quarter financial and operating results. To access the call, dial (877) 303-9132 or (408) 337-0136 prior to the conference call start time. Please reference conference code 58995312. A replay of the call will be available after 11:00 a.m. EDT on May 10, 2011 through May 24, 2011 and can be accessed using the following number and pass code. Toll free: (800) 642-1687 or (706) 645-9291. Replay conference code 58995312. In addition, a replay of the call will be archived on our Company website under investor relations/events and presentations. A presentation pertaining to this call will be available on the Company's website no later than 6:00 a.m. CDT, May 10, 2011. www.gmxresources.com
Facebook Sues FriendFinder, Peeved Over FacebookOfSex.com
http://www.socialnetworkingwatch.com/2011/04/18/
ROTFL
FTC Seeks To Halt 10 Operators Of Fake News Sites From Making Deceptive Claims About Acai Berry Weight Loss Products
http://www.thestreet.com/story/11087284/1/ftc-seeks-to-halt-10-operators-of-fake-news-sites-from-making-deceptive-claims-about-acai-berry-weight-loss-products.html?cm_ven=RSSFeed
CIGX goooooo
minimonk, now there's a moniker that demands respect
in CIGX 3.3
AVL getting tore a new one
VLOV Announces the Opening of Flagship Store 04/19 03:00 AM
XIAMEN, China, April 19, 2011 /PRNewswire-Asia-FirstCall/ -- VLOV, Inc. (VLOV:$1.50,00$0.00,000.00%) , which designs, sources and markets VLOV (VLOV:$1.50,00$0.00,000.00%) -brand fashion-forward apparel for men aged 18-45 in the People's Republic of China, today announced the opening of its first flagship store in Xiamen, Fujian Province.
The newly opened flagship store is located at the 2nd floor of California Plaza, one of the largest retail shopping centers in the city of Xiamen. The store of over 3,000 square feet provides a large selection of men's apparel and related products.
Mr. Richard Wu, CEO and Chairman of VLOV
(VLOV:$1.50,00$0.00,000.00%) , commented, "We are extremely excited about the opening of our first VLOV (VLOV:$1.50,00$0.00,000.00%) flagship store. This store offers a compelling shopping experience and further enhances our fashion-forward brand image."
"The flagship store with its specially designed leisure area embodies the VLOV (VLOV:$1.50,00$0.00,000.00%) lifestyle: success and elegance. We anticipate more flagship store openings this year and consider the openings of flagship store one of the major evolutions of VLOV (VLOV:$1.50,00$0.00,000.00%) ."
The flagship stores are owned and operated by VLOV (VLOV:$1.50,00$0.00,000.00%) 's distributors while VLOV (VLOV:$1.50,00$0.00,000.00%) performs an integral role in design and building of the flagship stores. VLOV (VLOV:$1.50,00$0.00,000.00%) believes the openings of flagship store will further enhance its upscale brand image without creating competition among its distributors.
Photos of the flagship store are available at our website using the following link:
http://www.vlov.net/profiles/investor/fullpage.asp?f=1&BzID=2042&to=cp&Nav=0&LangID=1&s=0&ID=12704
SCEI hot
HOLI - Hollysys Automation Technologies Announces a High-Speed Rail ATP Contract Win Valued at US$ 24.30 Million
http://finance.yahoo.com/news/Hollysys-Automation-prnews-354238846.html?x=0&.v=1
Does somebody have an expected earnings list for the week handy?
Brazil Overtakes China in Emerging Private Equity
http://www.cnbc.com/id/42637619
China Vows to Punish Those Who Leak Economy, Inflation Data
China’s statistics bureau said it “condemns” leaks of economic data and those responsible will be punished, after the office released economic indicators that matched rumors circulating in the market and online yesterday.
http://www.bloomberg.com/news/2011-04-15/china-vows-to-punish-those-responsible-for-leaking-economy-inflation-data.html
rotfl!!!
Indeed, thanks Jo. Reading this report as we speak:
http://www.alkane.com.au/reports/broker-media/brokers/20110329.pdf
curious as to why CIWT made your previous top 10
Just setup my RSS software. You can receive instant notifications of unlimited ticker filings (might be slight delay,still researching), message board posts, ipo's, website articles etc. etc. I have all my favorite iHub boards directed onto one screen, no refreshing required. Many websites offer an RSS feed, including Citron and Muddywaters. This is all free, fast and simple. I am using the free Omega reader, which you can download here:
http://www.jetbrains.com/omea/download/index.html
AKRK 10k out, .12c diluted
Very interesting paltalk right now, Chinese kid in the room.
LNDT, EDS, CHGY, YUII, SCEI all due for a bounce imo
CIWT 10K out, .29c diluted