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Someone must have confidence in the merger and other news. The bid is for over 20% of the float. Things are starting to churn. Nobody puts a bid in like that without knowledge of what is to come. IMO
You would think that this could be very explosive if any news would come. I would think as you said that just with a few posters on here that we could own a large percentage of the float. I know I own more than a few percent of the float myself. Good Luck.
I use etrade and haven't had a problem. Hope for the best.
I feel ya.
This one is starting to look pretty strong. Would be nice to have another up day to finish the week. Seems to be enough buyers on any weakness. Looks like it will hold .002. Hopefully a new base.
It will be interesting to see what comes of this stock. It is pretty much just MMs making trades to get some volume. I have been accumulating down here and bought some more today. Lots of games being played. I bid the ask and it traded lower than my bid and took forever to fill my bid and only partially. Looking forward to some news and some action.
The share price will do what it wants in the short term. All I know is that we are eating up a lot of shares. If we start getting some revenue from student connect that would be huge because the cost to generate and sustain that revenue would be minimal. I have a hard time believing the share price is this low in 6 months even if there is another billion share out. I am here to stay and we will see what happens. Good Luck.
Just seems like we have been eating up shares like crazy the last 2-3 weeks. I would think that most of the people buying are just stockpiling, so I don't know where are the shares are coming from. Hope you are right.
My guess is that we are already over 1B shares. I am long and hopefully they are using the money for something good. Just wish they would let the share price go up before selling so many.
I am still here also. Don't know if it is good or bad. Have plenty of share also. I just have a real hard time thinking that all these china stocks that looked so good and spent money getting listed and audited were just scams. I think most of them were just tired of the US crap and quit filing and are still doing business. Some day they will have to buy out the remaining shares that they didn't get over the years of not filing I would think. You never know.
Probably so. That should have been a capital IF.
Here was my post from a month ago. Was high on revenue and pps was high. What do you think for rest of year. I think I was pretty close so far.
I have been reading all the posts about how high or how low this stock is going. I will give my take on the year ahead. The way it sounds first quarter will have around 650,000 in revenue. Cost of the revenue will be around 1,000,000. Net loss of 3 to4 hundred thousand. 2nd quarter rev of 800-900 thousand, net loss of 1-2 hundred thousand. 3rd quarter we some rev from wetwinds and more from student connect, 1-1.5 million rev and net profit of 200 thousand. 4th quarter 1.5 million rev 400 thousand profit. Full year of 4 million rev and about 200-300 thousand profit for the year. We will end q1 with 575 million shares. Q2 with 750 million. Q3 with 800 million. This is the last of the share increases. I see .0036 for the lowest for shares before q1. Nothing under .008 after. If they give good guidance of happenings for the first half of q2, nothing under a penny. Look for around 80 million dollar market cap by years end or 10 cents. If wetwinds goes nuts, all bets are off. Good luck.
Added more today. Will keep adding as long as it stays in the 1's. Any day it could pull a qtek. Look at that daily chart. .0007 to .02 in two days.
Should be another light volume day tomorrow unless 10q comes out in morning. My guess is flat day with buying pressure at the end of day. We should close in mid 5's to 6. 10q comes out with 550-600 thousand revenue and 620 million shares and a 400,000 loss for quarter. If we come out close to this or better and Kay has something good to say, we are off to the races on Monday. Anything under 500 revenue or over 700 million shares I would say would be bearish. Personally I think the 10 q will be good. Long and strong. Good luck.
I don't know much about the trademark thing, but I looked up wet winds on the site. It said it was registered in 1986 and cancelled in 1993. Some recreation boats or something. Maybe it is in the process or it has to be business first. Don't know, but they could still get it if they don't already have the name the way it looks. I would think they know a lot more than we do and have things locked up.
I would think we would defintely hold that. If you look at the 3 month chart it looks like we are just about to the upward trendline again. Should bounce of that and up we go again. Good Luck
Yep, the flippers will become less and less as the share prices rises and becomes more of a steady climb. Shares are getting locked up by true "longs" and it will be harder and harder to make these wild swings down. Looking forward to more good news and continue to hold strong.
Yep, I think the cheapies are about gone. Stronger and stronger longs are getting these shares. Could be very interesting. Perfect retracement on the charts for next leg up. Good luck, think we have a good one.
3rd quarter starts July 1.
Revenues are growing and growing fast. Why is your first post on this board so negative. At least try to ease yourself into the bashing. This company could very easily have 8-10 million in rev by the end of the year with each quarter surpassing the quarter before it by over 100%. I would call that pretty impressive. Good luck
If this closes green today, the new bottom is in and the next leg up to new highs starts. Pretty Good shakeout to start the day. Lots of shares getting absorbed in the last couple weeks.
I've been trying to buy. Just will not fill me.
That would be good. Either way I don't think it will matter much once all things start to click. Good Luck and looking forward to the 10q. That float is getting locked up tighter and tighter each day also.
The extra shares won't hurt us I don't think. The biggest thing is to have money to get things going and profitable and the rest will take care of itself. It would be nice if they don't issue the other shares until we are over a penny at least and then in a year or so buy some back if they are making lots of money. I will still stick with my 800 million share prediction for year end.
From my understanding they still would have about 800,000 to cover for that first million they got from iron. Don't know when they have to issue shares to cover. I do know that higher prices help us out on the dilution. I wouldn't be surprised if another 50 million or so will cover the restof the money when they issue them. Look at my other couple of posts from the last couple of weeks and see if that helps. Good Luck
As I stated before, the higher the share price goes the less we have to worry about dilution for financing. My guess is around 200 million shares or less will be issued to ironridge by the end of the deal. That is not bad for 2.5 million dollars. Once we start making money, they could always buy some shares back to bring the share count down. Right now we need to finance and grow. Should be a good year. If things look good after q1, I will be adding to my sizable position in the 1-2 cent range. good luck.
If we close in the low 7's or higher this will look good. Took care of a lot of people that were lucky enough to sell high and buy low, but nobody wants to miss the ride. They will be in again and it will make new highs for the move. IMO. Good Luck
One of the best things about this quick run is the company didn't have time to give more shares out at lower prices. Iron got 47 mil at about .004. That only covered about 200k of the million we owe. Now it only takes 80 million more shares to cover the rest. Preferred shares kick in at around .0135 and it takes about another 100 million to get that. That is around 200 million at most dilution to get that money when just a few days ago it looked like it could be 500 million. If we end the 2nd quarter with under 700 million shares we are lookin very good. Less shares equals much higher prices to come. If revenues are as advertised we are looking very good here. Good luck.
I have been reading all the posts about how high or how low this stock is going. I will give my take on the year ahead. The way it sounds first quarter will have around 650,000 in revenue. Cost of the revenue will be around 1,000,000. Net loss of 3 to4 hundred thousand. 2nd quarter rev of 800-900 thousand, net loss of 1-2 hundred thousand. 3rd quarter we some rev from wetwinds and more from student connect, 1-1.5 million rev and net profit of 200 thousand. 4th quarter 1.5 million rev 400 thousand profit. Full year of 4 million rev and about 200-300 thousand profit for the year. We will end q1 with 575 million shares. Q2 with 750 million. Q3 with 800 million. This is the last of the share increases. I see .0036 for the lowest for shares before q1. Nothing under .008 after. If they give good guidance of happenings for the first half of q2, nothing under a penny. Look for around 80 million dollar market cap by years end or 10 cents. If wetwinds goes nuts, all bets are off. Good luck.
Didn't ask about providing info. Before she told me they had provided everything auitors had asked for. Asked if cash has been verified and she said it had been. Also asked about restructuring. She said they are having difficulty on how to merge the new equity and how to operate them after the acquistion. Don't know about that. Maybe they aquired another company. She said they are making progress.
I emailed twice in the last two weeks and got an answer back the next day
Jen replied to me overnight when I emailed yesterday. I asked about cash in the bank. She said that the auditors received bank confirmation months ago already. I think they are getting as fustrated as we are. Good Luck
Got another email from Jen. I asked about the AR and she said the bad accounts receivables are within reasonable guidelines and they don't see any problems with the accounts. Sounds like most smaller to mid sized companies are a little tight on cash now because of the tighting of interest rates over there, but she sees it as a short terms bump and nothing serious. This was good to hear. Sounds like things are progressing on their end.
By saying that she is trying to control the situation, I mean trying to control guys like you, not the operation of the company. She is there to try to keep the investors calm and confindent at a time when it is very hard to do. Hense the thankless job. Sooner or later we will hear something, until then it is just faith. I have been around this company for quite a few years and if they wanted to really screw investors, there would have been better times then now.
As you can see, Jen seems on the up an up and is doing the best she can to control the situation when the company can't really say anything. As of right now she has a thankless job and I sure she is as ready as anyone for the company to get their stuff together and put something out. Good Luck to everyone, hopefully one day we will look back and realize what an gift this price was.
Here are the last couple I received.
The 10-K and 10-Q is temporarily pending on, but will not affect the proceeding of restructuring work. The two work will undergo in the meantime. The pending dosen't mean there is fraud.
Thanks.
Best,
Jennifer
2011-06-24
--------------------------------------------------------------------------------
Jennifer Yang
--------------------------------------------------------------------------------
???: xxxxxxx
????: 2011-06-24 00:53:36
???: Jennifer Yang
??:
??: Re: 10k or press release
So in other words, you are saying that we will not have any filings for a long time. Or will the 10k and 10q be filed and then they are restructuring. Did the auditors find fraud or are things ok.
Thanks
Jason
From: Jennifer Yang
Sent: Wednesday, June 22, 2011 8:59 PM
To: xxxxxx
Subject: Re: Re: 10k or press release
Hi Jason,
The next step is to start to reorganize the company, which is the big programm in the long term strategy . Please forgive me that I can't disclose more about the details. We are bound to put up press release if we have material event. But you can imagine, it will be a peeling off and injecting process and must take long time to complete...
Best,
Jennifer
I have emailed her a couple of times in the last week and got about the same answers. She answers every night I email. Hasn't missed yet.
They increased their share count by about 50% about 3 years ago. It went from about 50 mil to 73 or whatever they have now when they bought either dalian or bellisimo. Can't remember for sure, but that is only time with significant dilution. I sure like to think they are legit, otherwise why buy the vineyard. They have been sued once and actually paid 300k and some shares. Why pay out the suit if you are a fraud. They could have just folded up shop then and saved 300k. Plus if they are a fraud I would think it would be easy enough to seize the vineyard and sell it. That should be worth 10 cents a share right there. The only loans they have are with officers or companies they own part of, so if it is a hoax they shouldn't owe anyone anything right? Time will tell, but I think it maybe a long time. Good Luck
Got an email from Jen and she said that the auditors are with management checking inventories at Dalian and Changbai Mountain. She doesn't sound like there should be a problem. We will see.