is Loving China.. considering learning Mandarian
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China Agriculture Related Watch List
Nope I sure didn't, but I'm sure there are a few that outta buy me a steak dinner though.
$800 - $30,000 Could have, should have, would have
Nice little run lol.
SIAF Chart
There sure weren't as many against him during the election as there are now.
I'm not so sure about that. I do believe many who voted for Obama are disappointed, I am one of them. But not because of what he has done, but what he has failed to do. People voted for his platform and now he is pussy footing around. If anything he needs to simply push the Republican minority aside and get on with what he promised.
The ones screaming the loudest against Obama are just a very small minority, very well organized minority, but a minority nonetheless.
The biggest debate is over the public option which I personally don't understand. There is a healthy industry of private schools and colleges despite a public education system.
If a government run option is so terrible and will provide sub par health care, then what is the problem? Our nation is currently ranked 37th in the world in regards to our health care system. If it sucks, folks won't use it and will stick with their private insurers. Obama has stated many times any public option will be required to operate own it's own revenue. If he signs a bill, or ends up going back against his word then everyone can burn him at the stake and I'll be there with the matches and gas.. but that has yet to happen. Obama has only stated what he would like to see as part of health care reform.
I also am quite mystified why there is so much focus on Obama in the first place. He is just the President. All he can do is sign the final bill, veto it and act as the commander and chief. I think so many Republicans got so accustomed to the Bush administration destroying our entire democratic process with executive orders and Cheney all but single handedly turning the VP into a powerful lobbying force.
The President of the United States is a part of the executive branch, it is his job to set policy, not draft it. That is the responsibility of the legislative branch, Congress. So why all this Obama that and Obama this I simply do not understand. It is ultimately Congress that drafts the legislation and votes on it. So the single most important thing people need to be knowledgeable on is what congressmen have received large donations from the insurance industry, not what Obama's opinions are.
That simply shows how STUPID.. yes STUPID the majority of Americans are.. I would say 95% of Americans do not even know how our Government works and how legislation is passed.
With that said, I guess all the PAC money Wilson has accepted from insurance companies doesn't bother you either.
PAC money is what runs congress, we no longer have a Government of the people by the people and yes some Democrats are just as guilty.
http://www.fivethirtyeight.com/2009/06/special-interest-money-means-longer.html
This is NOT a right versus left issue... this is about the American people pulling their head out of their asses and voting for intelligent people, not somoene who spoons feeds them what they want to hear based on their moral or religious ideologies.
Nope, they are just as guilty. Both parties are beholden to corporate money. The article is neither slanted left or right and blames them both equally.
It is the far right however that is the driving force. There is an ongoing legal case "Citizens United v. Federal Election Commission" that has the potential to solidify America as a fascist State.
You may end up at the very least thanking Obama for putting a liberal on the supreme court.
http://www.scotuswiki.com/index.php?title=Citizens_United_v._Federal_Election_Commission
I do agree that many may not be, however most Americans are stupid and will blindly follow anyone. I just follow where the money comes from. Most the groups supporting many of these "grass roots" movements do in fact fit the stereotype.
If it quacks like a duck.. walks like a duck.. it must be a duck.
Tell me Joe Wilson is not a Racist.....
http://www.alternet.org/story/142563/14_things_you_need_to_know_about_obama_heckler,_rep._joe_wilson
If that is a world you wish to live in then you might want to consider who you put your support behind.
You should do a search for "Citizens United v. Federal Election Commission". Knowledge is key to understanding the truth.
http://www.google.com/#hl=en&source=hp&q=%22Citizens+United+v.+Federal+Election+Commission%22&aq=f&aqi=&oq=&fp=ee36edbd3c16a1c5
More than illiteracy, most Americans are just plain stupid. They can name every contestant on American Idol but see how many can name the different branches of Government and what their function is.
I would say 8 out of 10 people I met are completely incompetent when it comes to economic and political issues. However that doesn't keep them from having an opinion.
The biggest laugh I get is the huge protest about America becoming a Socialist Nation. Hell, we are a Fascist Nation right now and nobody seemed to notice us becoming Fascist. Some folks should review what the differences are instead of blindly repeating the propaganda spread by the far religious right who brought us Fascism.
Socialism
http://en.wikipedia.org/wiki/Socialism
Fascism
http://en.wikipedia.org/wiki/Fascism
The Rise of Christian Fascism and Its Threat to American Democracy
http://www.alternet.org/story/47679/
Actually, we are a long long way from being or becoming a socialist nation. Socialism is in essence advocating public or direct worker ownership and administration. Socialism is also NOT a political system, it is an economic system. Most the people protesting against our Country becoming socialist don't even know the definition of it, if they did they would find we are anything but heading in that direction.
Medicare, Social Security, Public Works, Public Schools and Public Universities do share some principals of Socialism, however they are common among all Democracies so they are not by definition considered Socialist programs as they do not have a major impact on the GDP of a nations economy.
Our Country currently leans Fascist, not Socialist. This movement has been in progress since the early 80's. During the Bush administration the fascist movement picked up momentum. The financial bail outs, though portrayed by the political right as Socialism, is in fact very much Fascist. The merging of Corporations and the State is Fascism.. not Socialism.
I think the biggest problem is the education of the general public. Most people don't even know how our Government even works, much less be able to understand the difference between different political and economic ideologies. If the public were intelligent they would have screamed at some of the things the Bush administration did. I find it extremely ironic that many of the people in the "Tea party" are just now beginning to protest.. where were they during the Bush administration?? I firmly believe much of the anti-Obama support is racism at work. Some folks simply can't accept a black man is president.
I'm not a Republican or a Democrat.. I'm socially liberal and fiscally conservative, so I guess that makes me a Libertarian. I served two tours in Iraq, I have a CHL in Texas and I believe in the second amendment. However, I am intelligent enough to see when propaganda is at work from both sides.
You are quite right, our Country has become divided and in my opinion it is the Christian Evangelical movement with its fascist style of governance that has driven the wedge in this Country. The wedge they continue to drive has pushed many to the fringes of either the left, or the right depending on their core moral beliefs.
It is very sad.. very sad indeed.. and one reason why I am disgusted with and now shun all Religions.
We're Number 37
I just trade the liquidity. It is in a strong sector though, agriculture.
There is no such thing as "fair price" in the stock market. Markets are forward looking and the value of a stock is set by market participants. Financial statements and material events published by a company are only part of the equation. Investors must also look at the business plan, it's execution and managements ability to govern.
With that said, "fair price" is just something cooked up by analysts and wall street firms to justify their services. In the end, good investing is about people and trends, not P/E's and balance sheets. However, you need the numbers to gauge how the people and trends are doing relative to one another.
Let's wait for the 10K
Good question, but I would imagine they control the majority vote and thus don't have to. I would look into it, but this stock really doesn't interest me enough to do so lol.
You probably should wait for the 10K before making that projection. Profits come from revenue after overhead is taken out. You have to make the revenue first. Showing millions in accounts receivable... is not revenue.
"like I always do"
Hmm.. I have only poked my head onto this board a few times. Each time I have been proven correct.. can you prove otherwise?
Name brand recognition.. the idea is to sell stock.. not products. The person who buys a sponge from Walgreens isn't going to care who the company's accountant is.. but it surely makes a large impression on investors.
Again.. who they retain is not going to change the numbers. The accumulated deficit, insider bonuses and stock options, large A/R's etc.. doesn't matter who they hire.. that won't change.
Do you really believe what you say?
Yes, very much so.. I make my living knowing these things.
They could have hired KPMG for all I care. They have certainly sold enough stock to afford a prominent accounting firm. That however isn't going to change their numbers.
Hey, if the 10K proves me wrong I'll sit down and publicly eat a large helping of crow pie. There is a very huge difference in generating revenue and accounts receivable.
No, on Wall Street things happen for one reason and one reason only... MONEY. I am sure whoever "Deloitte" is could care less about SPNG as a company, they just want to collect their fees and move on to the next company.
There is no need to "cook" SPNG's books, they report it like it is. Problem is most folks that trade these stocks can't balance their own check book much less understand GAAP.
Bigger investors? I don't know many serious investors who will be interested in huge A/R's based on consignment orders. I believe they refered to them as "booked revenue" in a PR. The reporting requirements are much tougher on a listed exchange. They won't be able to get away with the accounting a smaller reporting company can get away with.
Oh well.. what do I know. I'm just an evil basher who has to cover his "nakid shorts".. <rolls eyes>
The financials that SPNG have on file with the SEC are going to be laughed at by major exchange investors. My guess is, if they do manage to list, it will get shorted into oblivion.
Only the folks that trade hyped OTC stocks can't seem to understand the issues in their filings. The 10K is going to be a rude awakening IMHO.
There is only so long these promoters and boiler rooms can keep the stock churning. Once on a major exchange they can forget about it. Make SPNG marginable and there won't be a share left to short once the big boys get done with it.
1-100 that is $14.00 per share post split. How many "penny traders" are going to buy a $14 stock? That is going to kill liquidity. Some folks are going to learn a valuable lesson with this one.
The lady giving the presentation was painful to listen too. I turned it off after 10 mins. If they had anything good to say it was drowned out by the harsh accent.
hmmm
RNER
From the 10K..
Risk Factors, they are a developmental stage company
We have no operating history to provide you with an adequate basis to judge our future prospects and results of operations.
If hospitals and patients do not accept China RainEarth’s products, we may be unable to generate sufficient cash flow from our operating activities and our prospects and results of operations could be negatively affected.
Cash on hand $52,470
My thoughts? Extremely risky investment, might as well go to Las Vegas and pull the slots. They are a start-up with no proven revenue. They will almost undoubtedly need more funding which will dilute existing shareholders.
I would stuff this one away in the "look at it next year" category and see how their business plan is progressing. If they are making some decent progress after one year, then maybe it might be worth taking a look at. Right now.. it's to young.. it needs to mature some.
RINO Listening to it now..
CDBT should continue to perform, it's additives are related to the agriculture industry which is my favorite industry sector in China.
To be fair though I have not looked very close at the company. At first glance it looks healthy. Liquidity is not great, but does appear to be better than some other China small caps.
The chart shows a key decision point in the making. A conservative approach would be to wait to see which way the stock breaks. A more aggressive approach would be to attempt an initial entry at current support of $.50 but keep some available cash handy in case you need to cost average.
A small position as part of a more diversified portfolio would look like a safe bet. I don't know that I would hold a significant position of CDBT in my portfolio due to it's liquidity.
Unless something dramatic happens in regards to equity distributions to insiders and incredibly high A/R's attributable to consignment style sales, no NASDAQ listing is going to change how a serious investor will view this company. They have extremely risky accounting practices and have dolled out large amounts of discounted stock to insiders and stock promoters, none of which is attractive to a serious investor.
The only difference between the OTC and the NASDAQ is the quality of investors involved in those markets. They would be better off staying on the OTC market where idiots reign supreme.
Sounds to me more like a last hurrah effort to pump the stock prior to the 10K being released. That is my personal opinion anyway so no need to get all defensive. We we all know the truth soon enough, I'm betting this 10K will be the most picked apart, anticipated filing in some time by any OTCBB company.
I'm placing my bet most will be utterly disappointed.
Blue! Thanks for stopping by.. just stop by this board occasionally, there are a number of really good china traders/investors currently contributing to this board.
As for me.. I still love FEED, it has become in my opinion a single stock that can be traded daily in order to generate a modest income from. 10%-20% monthly returns are easily attainable even by a mediocre trader IMHO.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41083882
I continue to be very bullish on all Agriculture related China companies.
I'm free! Going on vacation/business trip tomorrow. I'm hoping to spend some time on the Ibox once I get back in a week. I've decided to limit my virtual world participation to this board only from here on out.
FEED $4.80
SPNG $70M? I think I understand now..
I've been trying to wrap my head around these insane revenue numbers SPNG keeps putting out. From the recent PR..
SpongeTech® Delivery Systems, Inc. ("SpongeTech") “The Smarter Sponge™”, (OTCBB: SPNG - News) is pleased to announced that the Company has booked approximately $70 million in orders during the first quarter of FY ‘10; having another record month bringing in approximately $29 million in new orders for the month of August compared to July's orders of approximately $23.5 million.
I think I now understand why the company has such enormous revenue numbers, huge accounts receivable and keep paying hundreds of thousands of dollars on stock promotion.
The company is recording its shipments as revenue! This is a theory of mine as I find it extremely hard to believe retailers are paying for these sponges up front. My guess is part of they are only receiving payment AFTER a retailer has sold the goods. This would explain the huge accounts receivable. It would also explain the shady share structure issue and enormous stock promotion efforts. Since the company is filling the orders from retailers, it obviously has to manufacture the products. This cost money.. of which we know quite well from previous filings they don't have much of.
My prediction is that the 10K will show a substantial increase in the issued and outstanding. It will also show an increase in accounts receivable. I expect actual net profit to be negative based on cash flow if you separate money received through stock sales.
As for the individual who must be so concerned that they do searches for posts with "SPNG" then send people who write negative comments nasty PM's. It must really be tough being so paranoid about your investment huh?? I'll be looking forward to serving up a nice big plate of crow pie for your "moronic" ass.
FWIW.. out of curiosity I marked some boxes of the sponge tech boxes at my local Wallgreens with small X's using a sharpie. Those boxes are still sitting there (with dust on them now) several months later. SPNG can claim all the booked revenue they want.. but it is not in the bank until they sell them.
I have a feeling the SPNG 10K is going to open a can of worms and many will be left disappointed. The enormous accounts receivable and questionable issues with share structure are going to come out.
I haven't shiv'd anyone, can I get out on good behavior? Even the Lockerbie terrorist got compassionate leave!
Sending the same or similar unsolicited PM to multiple recipients
I got one of those from him.. I feel special actually, I'm flattered he thought so highly of me to send me such a great heads up!! I'm going to be a millionaire now! WEEEEE WEEEE
[INSERT SARCASM]
Hitting your refresh button continuously? That is a sign of Ihub addiction. You might want to seek counseling.
How about some deep fried Oreos... lol!
The food sucks in here btw..