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I'm glad that I was out of state looking at colleges with no internet access... Otherwise, being unemployed and looking for a job, I might have gotten depressed over our price. At least I had a few days of day dreaming and anticipation of a $2 opening price! I can't understand how the price can be as low as it is when we received 50 million +/- in backlog since we stopped trading? Two kids in college and two more to go with a $1.20 price! Life doesn't get any better than this
I like the idea of trading, but would prefer not to be on the Grey market. Also, I would hope the price is at least the same as when we stopped, considering the additional contracts.
Can anyone explain a "Grey Market"? Is that right before we go black?
Why do you say end of Feb or March? I would have expected something sooner.
Does anyone know where I can get a list of all their current projects? I would like to know the anticipated completion date and if they are ahead, on, or behind schedule.
Is there any word from the shareholder meeting?
Isn't the 17th their stockholder meeting? Anyone hear any news? Things seem to be rather quite.
I agree, but I don't think anything can be done about it.
Not yet. Maybe it will be in tonight's mail.
Good point Wallstreetman. Infrastructure jobs would be from the government.
I am also curious about the $500,000,000 in orders and the owners. One item that I read that I didn't care for is what appears to be the total dependency on the government. Unless they obtain contracts outside Vietnam, I think this could be a real issue with investors.
On the side, I have a friend who went to Vietnam last Friday. I just email him asking to look around and see if he can get a general feeling about the company. I'll let everyone know what he comes back with.
I hope November's meeting is posted so I can read or listen to it.
Aircraft Leasing? I wonder what will be next? Are they straying to far and thin or is there more government involvement than we know of?
Are you saying that it's another 60 days from mid Nov.?
My wife bought me a lightweight jacket. I think it's IZod, but I'm not sure. Anyway, it looks and feels like the Ralph Lauren jacketand the quality is excellent. The cost was about 1/4 the Ralph Lauren. The new one was made in ...Vietnam...
Cavico is currently preparing a Form 10 and upon filing will make an application to the Over-the-Counter Bulletin Board.
They stopped trading several months ago.
I don't think it will be a complete tax deduction! Considering the move will be the first Vietnamese company on the “little” big board, I think everyone is looking to move this along as quickly as possible. They just don’t seem to know how to, or have the appropriate help, but it will come. Hopefully, when it does, the wait will be worthwhile.
Any idea when form 10 will be filed?
I don't know about anyone else, but I really don't like the way news is issued by CAVICO. I would have expected a company in their position to keep their current and future investors informed. It makes me wonder about their management and PR firm. I would expect good audit progress to be distributed on a regular basis.
Another contract:
Cavico Subsidiary Signs US $36.6M Contract for Hydropower Construction Work in Vietnam...
Maybe we will see a rise in price when we begin trading!
VN-Index, HaSTC-Index on the rise
Both the Ho Chi Minh City bourse and its Ha Noi-based counterpart continued their upward trend by the end of the September 18 trading session.
...By closing, the VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) increased by 0.43 points to finish at 935.17 points. More than 7.2 million shares worth 562.5 billion VND changed hands during the day.
The market witnessed 36 stocks rally for gains, 27 remain unchanged and 53 fall.
The strong rises were seen in the traded prices of Binh Dinh Minerals (BMC), Cavico Viet Nam Mining and Construction (MCV), PetroVietnam Tourism and Services Co. (PET), Sea & Air Freight International (SFI) and Saigon Thuong Tin Commercial Bank (STB)...
Note to be pessimistic, but I hope the financials reflect the orders that we’ve heard about and there’s nothing negative uncovered that would put a hamper on price when it does begin trading again. If I remember correctly, we should have about $575,000,000 in orders. That’s about $75,000,000 more than when they were trading.
I'm more generous, I'll give you 36 cents! All joking aside, I am concerned that there is no specific information from Cavico, and the posts regarding how some Vietnamese lie and consider it good business practice. I'm hoping the announcements regarding the new contracts are worth what they say they are.
I hope the audit is out real soon and we begin to move forward again! I too have a lot invested!
Does anyone know when the audit will be released? Last I read it was sometime this month.