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.
Bingo!!!!
Yea I like it. Did you notice under the Company Info tab it reports as "audited" next to Audited Financials?
Hmmmmmmmmm......
Agreed. I don't have a love affair with China...I am just following the $$$$. Right now there is a significant amount of capital leaving the US and finding it's way into China. Savvy investors NOT TRADERS know this and are always looking for profitable places to put their money.
Put me down for 1,504,987..Thanks!
This might offer an explanation on the free trading shares:
I did some research on Chinese reverse mergers and the one thing I consistently found was was access to capital. The link is at the bottom.
When you are considering the purchase of a shell it is important to assess what your needs are. In many cases your needs will determine the price of your shell. If you are seeking a shell with high delivery (99%) inclusive of free trading shares you will be paying from $750,000 to $900,000 for the shell.
So what is the importance of the free trading shares? In today’s SEC environment there are many hurdles to jump through, especially when it comes to raising funds from a PIPE transaction. Sometimes trying to get shares registered is a difficult process. If potential non affiliate investors have an opportunity to also purchase free trading shares from current non affiliate shareholders then your chances of success with raising capital are greatly enhanced.
So the real question becomes: “Is it worth paying an additional $300,000 for a high delivery shell with free trading shares?” If you are raising a substantial amount of funds, then I would give a resounding “YES” answer. Think of it this way: If you were an investor and had a choice between (i) investing in a company that had to register your shares sometime in the future or (ii) receiving free trading shares now as part of your investment, which deal would you invest in? Time is money. If free trading shares are available to investors as part of their investment they know for certain that they have instant liquidity.
If you have to hire an outside broker dealer or consultant to raise your funds you are going to pay at least a ten percent (10%) fee for the raising of the capital. Raising capital is not easy and it takes a substantial amount of time from start to finish. Now, if you are adept at raising capital and you have free trading shares to offer investors, then you will speed up the process or raising capital and saved yourself a substantial amount of commissions and/or fees.
http://reverseshellmerger.com/2007/09/buying-an-otcbb-shell-%E2%80%93-part-v/
Great article on reverse mergers and China
http://www.reuters.com/article/idUSTRE63E4TW20100415
Ha no I am the biggest opponent of regulation. Agreed there is other r/m activity and I am seeing it more with the Chinese. What I am saying is the reason nobody knows about this is because most people would not be looking for a Chinese IPO on the pink sheets. The 90's was riddled with trends of which many made millions i.e. webhosting and .coms. Is this a trend with the Chinese? Maybe but its riddled with opportunity imo.
Post Unavailable
Additional Information
They bring too much attention to themselves going after the bashers and shorts to be a scam. This will run on the short term but long term will depend on what's in the audited financials. imo
Restricted shares are not registered w SEC so cannot be traded but they are counted as fully diluted or outstanding shares. They are also counted when determining stock valuations.
You and me both
I saw that and am currently researching my next Chinese play. To your point the WSJ is riddled with articles on China.
You don't know me but I tend to make fun of people I like. If you wanna dump em tomorrow do it. Yes it will sting but for us longs it doesn't matter.
China wouldn't merge a Thinktank, begin merging a utility and suddenly change their minds without reason. If you take a step back and look at what they are doing its actually brilliant. They are smart and as a country we are being stupid. That's why I put my money in the Chinese. I don't like what the the crazy man in the WH is doing but I like China's push towards capitalism.
Dude nothing is a sure thing till its done. We have to be able to lose what we invest yada yada. However as far as pinks go this is as close as your gonna get to a sure thing imo. At least ride the hype up and dump it before news. Just don't it while MMs are playing games and desperate for shares. You don't owe em anything and they are certainly not gonna hook you up in the future.
Ok dump em MMs will love you for it. Maybe they will send you a little gift basket with bronzed Fruit Loop in it.
Seriously bro what is it your looking for? Were all on the hook here and I am in the million share club as well. If your seriously looking to dump em I don't understand what's rubbing you so bad your gonna dump em tomorrow.
Post Unavailable
Additional Information
I'm inclined to agree with who ever said the release of the merger may be coordinated with VCTY being in the green. You guys are right the MM's are gonna have to let this go soon to cover. It wouldn't surprise me if the Chinese parlay that momentum into merger news.
Was there a large buy? I'm on mobile and don't have L2 at the moment.
Interesting way to look at it. That's fine they can short this for the next two weeks if they want. I filed a couple complaints with the SEC and now I am going to do my part to put the squeeze on these jokers.
All this short selling sucks in the short run. However we are strengthening our overall (ihub position) in the float. I agree we gotta work together on this guys.
you gotta laugh
1,257,000/200
Thanks for the info
I googled it and found it to be a very interesting read. I have never done business with China but it makes sense as they have a very superstitious culture.
They must have read my note :)
Dear MM's,
I am very sorry for all of the colorful words I have been using this week to describe how I feel about you. I urge you to PLEASE, PLEASE, PLEASE keep shorting this stock. I would like to continue to add to my position and walk away a very rich man. All at your expense :)
Thank you
I adjusted my sell orders this am as well
Locked and loaded brother!!!
Hmmmmmmmmm I will take cheapies for .01 please :)
Hey bro we all understand the situation and at some point we have all probably been there. I am still barely in the green as most of my position is subpenny. However if we never saw .01 again I would be MORE than happy to buy at .017-.018. You gotta look at this as a volume play. This may run 5 cents, 50 cents maybe even higher. Everything is going to depend on financials and how this thing is PR'd. Either way every cent it ticks up we make money. Just remember its all about volume.
That's what I saw as well. They can't be happy with their pps and I have noticed a greater sense of urgency to get info out to the wire i.e. early Monday Analysis.
On another note did you see the name of the workshop "West Point Workshop Enlightment Training. Hmmmmm...if that does not say "Lets go after the US market" I am not sure what does.
Hey Thomas I did see that yesterday. Funny thing my company had me participating in their market research and her post could not have come at a better time. So thank you Kitty Girl for posting that. Getting pulled out of the field to do market research ranks somewhere between "watching grass grow" and "watching paint dry" imo.
Agreed dont give those pos the satisfaction by selling. I am adding to my position everyday like a freakin banshee. If we can squeeze em great otherwise I'm here for the jack and right now the US ain't helping my cause. Guess what China is :)
The Nasdaq has three sets of listing requirements. Each company must meet at least one of the three requirement sets, as well as the main rules for all companies.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the minimum bid price at time of listing must be greater than five dollars, and there must be at least three market makers for the stock. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.
Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.
A company has three ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area like revenue. This helps to improve the quality of companies listed on the exchange.
It doesn't end there. After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. Again, the exact details of delisting depend on the exchange.
Actually I think AMEX is going to be easier
True but this thing aint going to the Nasdaq my dear. My guess is AMEX.
Your prob right Kinz the day to day trading on this pink has gotten to me. With that being said keeping the SEC informed of a certain MMs unscrupuulous activities ahem... NITE... makes me feel better.
So Im staying and while I'm here I'm gonna hammer that ASk everyday until we get our pr.
I know right? I can assure everyone should this happen again I will not hesitate sending the SEC another screen shot of the days activities and let them sort it out. Pink or no Pink its just wrong. IMO
Thanks maybe the SEC will give this pinky stock a second look now that a few of us have submitted similar complaints. Maybe not who knows.
All I know is my shares are locked down and they aint touching any of em. I was perfectly happy with my 1.1 mil position but after today I am gonna smacking that ASK all week purely out of spite!!!!
I filed mine a couple hours ago and even attached a screen shot of today's L2 and trades.