is Loving China.. considering learning Mandarian
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As always, thanks Joe
The shell is worthless if it falls under the new changes to Rule 144/145 which I'm pretty sure it does. I also believe, the entire ruse that happened here, was designed to allow those shareholders who held stock after 2006, to sell.
My advice is stay away from any pinksheet R/M's as the SEC changed the rules making the majority of pinksheet shells useless.
Nah, I made a couple of trades last week, but I don't really trade these stocks anymore. I'm just glad to see JD emerging out of his rough patch stronger.
Honestly I would have to do some DD. It looks interesting enough at first glance.
Those guys need to tone down the BS.. I couldn't even get 1/4 the way through the article. People pay for that crap?
Let me sum it up with pictures.. The China government has increased funding Agriculture related subsidies by 20%, has eliminated most taxes and provides 33% rebates on investment. It doesn't take a rocket scientist to figure out that China Ag is hot.
No shit.. duh... China Agriculture is the #1 investment right now. Not like I haven't been pounding the table on that for awhile now. My portfolio is all Ag related (CNOA, FEED and SIAF) and it's up 920% total for the year.
No sense putting money in the ones everyone already knows about.. find the hidden gems nobody is talking about :)
OT: My Bad AZZ BMW
Figured since China small caps have been very generous to me this year... for anyone into BMW.. or simply are gear heads.. here is my project car.
http://www.m3forum.net/m3forum/showthread.php?t=275157
Amazing what happens when the SEC actually does something. I guess the bank collapses really put a fire under the SEC's ass.
You need to check these guys out..
Trading in a Cash account is killing you lol
http://www.wtctrading.com
FEED Break out... looks like it's time to start trading FEED again!
UPDATED CHINA STOCK PICKS (IBOX)!
Each reader of Emerging China Small Caps initially can pick 3 stocks to add to the Ibox. Starting Monday, July 27th 2009, we will begin tracking each readers favorite stock picks. The picks will be updated each weekend. Readers may add new picks each week.
Each week, new additions to the list will be sent via email from the Emerging China Small Caps mailing list.
RULES FOR PICKS
-Each member is allowed to add new picks weekly. Picks must be submitted by 12AM EST every Friday.
-Stocks must be fully reporting, or must meet an exemption if pinksheet, by one of the boards moderators.
-You must provide a link (posted to this board) including a brief description on why you feel the pick is worthwhile and the price at the time of the post, or closing price on the day of the post.
-You must provide a link to the Ihub board, if there is no board, you must create one. You are not required to moderate it however.
-All picks must be submitted as a reply to this sticky post.
-Once submitted, each pick will be removed from the Ibox list once it has dropped 20% from the initial alert price.
If you need facts, a message board is the last place to obtain them. Online financial message boards are not like other forums. This is not the Super Hot Chevy forum where you can get advice from another member on what intake or carburetor you should use and feel safe you are getting good honest advice.
No, financial forums are filled with mainly inexperienced investors, hoping to use them for the same purpose, however the experienced users more times than not are taking advantage of the inexperienced in order to profit.
Wall Street is not a friendly place, most these guys would cheat their own families to make money. You are a tadpole swimming in a sea full of sharks in regards to financial forums.
Understandable, just keep in mind that online stock specific message boards have a high population of inexperienced investors/traders. Most of which have the same problem of controlling emotions as I previously stated. Many of those individuals are not going to want to hear anything that might even seem negative.
IMHO, its best to avoid them altogether if your a casual investor. They have their uses or I wouldn't be here, but 95% of users don't use them for their value, they use them as an outlet to argue emotional points.
Message board myth and urban legend.
Your asking questions on a message board that you should be asking the CEO. What you are doing is bringing up a question, then speculating on the answer without having ever asked the question to the individual who can properly answer it.
That is why you are drawing so much fire. Your posts make readers feel you are trying to stir up doubt. If you are serious about getting answers... simply ask them of the proper source, the CEO.
You do realize that financial statements are a "snap shot" at the period ending right? You also realize that accounts receivable and cash on hand will fluctuate almost daily right? Excess cash on hand is almost certainly being used to pay down debt service on the credit facilities.
As for the equipment argument. Aside from the larger items which would be included in a financial report, such as large major equipment, they are not going to count every last blade, hand tools, screw driver etc.. So common sense would tell us the company has over $500,000 in equipment if the report showed base depreciated value of $438K.
I believe you are grasping at straws with some of your posts of late. Obviously you are trying to comment on something you have little experience with as you clearly are trying to make connections between two areas that can not be matched.
I have been around longer than most the "longs" on this board in regards to EXPH. I find it fascinating that early on you were quite bullish on EXPH until the price floundered due to the company having to raise money as a result of a economic recession. During that period you begin to become quite negative towards the company. Having been around awhile on message boards, I would imagine your negativity stems from having lost money, most likely a result of having sold for said loss.
Now the company has come out of its rough period and is starting to show signs of progress. You however are once again ratcheting up your negative comments. Why? Are you so bitter that you simply can't let go?
Investing is about taking a risk. Sometimes you have to be patient and accept that there may be periods of uncertainty. If you are unable to accept that risk, maybe becoming a day trader would be better suited for your ability to emotionally carry an investment.
Some believed JD could turn the company around and are now enjoying the fruits of that faith. That is where the risk comes in, they took it and now have their reward. Where do you fit in?
Might do you some good to read the board lol.
Slightly incorrect, The question is, did anyone recently obtain "free trading" from restricted shares from the 2007 April change. At that point, according to filings there were only about 400K shares. Obviously there is more than that.
You have proven the filing was most likely fraudulent which is exactly what I said from the get go. Now you need to find out who got the stock, how it was distributed and who profited from it.
If you can make a connection to those who have profited from the sale of stock to the filing made on pinksheets... and maybe even a connection to an Ihub up "tip off"... you have something to go after.
As for being a shell, if it had a business plan, technically it may have not been a "shell". However, the new SEC regulations are quite clear on companies that were previously reporting.
If you are serious about getting accurate information, I suggest calling Kevin O'Neil at 202-551-3260, he is the SEC's expert on Shell company transactions.
Maybe pointing out your case to him might yield some fruit.
If your referring to the filing TDGI made to pinksheets, that document was filled with holes and missing required information. It was the entire reason I even stuck my nose into this stock.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=39223252&txt2find=tdgi
The filing did show there were the potential of shares previously issued being eligible for removal of legends back in April, which kinda coincides with the pump now doesn't it?
The problem however with the filing is it was incomplete. There seemed to be a gap in information regarding equity. Whoever prepared it either was inexperienced, or omitted the information on purpose.
Alex, when you going to face the fact that the shell is most likely useless to anyone who purchases it? There may be some aged debt, or free trading that can be used, but once that is gone.. it's gone.
Pinksheet shells are now a major liability due to recent regulation changes. Everyone screamed the SEC needed to do something and they did.
This was a shell pump and dump.. I would imagine Fotis.. or whoever owns the aged shares have been selling them into this ridiculous fiasco.
There are hundreds, if not thousands of pinksheets shells that have been made useless per new regs. The owners of these shells are going to do anything they can to suck what little remaining money they can out of them. I would imagine that was the case here.
I know you guys like to follow the Form 15 shells.. but new regs have made a company filing a Form 15.. utterly useless. If the company was ever reporting, and a new entity is merged, that new entity must also become fully reporting or be ineligible for Rule 144 and 145.
Why so upset? Worried someone might call and discover you might be making misleading claims? Remember, on message boards there is a certain level of seniority, whether you like the poster or not.
Call it ego.. but I think my time, history and member marks against your newly created account probably has a bit more weight.
If you were telling the truth about Mr. Bailey then there is no reason to get upset now is there?
For the record I did contact the company and I'm waiting for a reply. I'll let you know what I find out.
Alan J. Bailey
Google isn't so hard to use. I suggest if anyone truly want to know they can get it from the horses mouth..
You can contact him here http://www.transworldgroups.com/whoweare/team/alan/
Los Angeles Office
Jack Z. Chen, Chairman and CEO
68 Genoa Street, 2nd Floor
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* Tel: (626) 447-1885
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Sam Wang, Senior Associate
Suite 1001, No.7, Lane 888,
East Da Ming Road,
Shanghai, China 200082
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* Email: swang@transworldgroups.com
Beijing Office
Mike Hu, Associate, CICPA
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Unfortunately I'm a trader and already sold before the penny pop.
Congratz guys! Looking like you're getting a strong foothold in penny land now.
Welcome back.. come hang out on our board, China is where it is at these days.. link below.
I figured since you like to comment on financials and company performance.. here give this one a shot..
http://www.marketwire.com/press-release/Sino-Agro-Foods-Inc-1013278.html
Goodwill write offs in 2006-2007 were done at the recommendation of the auditor to reduce SEC scrutiny. Company is also in the process of up-listing and hired a prominent small cap attorney.
http://www.marketwire.com/press-release/Sino-Agro-Food-Inc-1004633.html
If you take the time to review the financials, you'll find the one time goodwill write off killed $.12 in EPS.
Also, if you look at the footnotes, you will see all debt is bank debt, there is not one single share of convertible debt.
So, 2009, with similar revenue expected, we should be around $.20 EPS. However, the company has two major projects coming out of construction, a fishery project and a fertilizer JV. The fertilizer JV could increase earnings by 30% alone.
http://www.marketwire.com/press-release/Sino-Agro-Food-Inc-1006524.html
Since you like doing DD, take a look at China Agriculture initiatives.. this one, when they get listed on the OTCBB, already has institutions lined up according to the CEO.
Some additional resources
http://www.smartbrief.com/news/aba/storyDetails.jsp?issueid=52B09993-0137-4151-B908-D7EDDBFEE4F9©id=43B2E3C2-DE17-4190-A8A0-76DD8E103382
http://www.ers.usda.gov/publications/aer805/aer805h.pdf
http://jimrogers1.blogspot.com/2009/06/jim-rogers-always-bullish-on-china-asia.html
MM conspiracies are urban legend and message board myth. Retail controls the market through electronic orders, or professional traders using ECN's. There is not enough liquidity in an OTC stock to make it attractive for a market maker to "create" a market. $500K-$1M dollars in daily volume may seem like a lot to the average OTC trader, but it is chump change in the overall picture.
I use an ECN that allows me to directly route numerous market makers for the OTC. If I wanted to burn the commissions, I could easily make Level II appear anyway I wanted to.
I hate to bust some folks bubbles, but professional traders only use Level II because most platforms route orders through the Level II montage. The only tools a professional trader will mainly rely on are T&S and real time charts.
Even turds fly, but that's not our focus here. We make money by reducing the odds of losses by trading/investing in worthwhile companies. Not rolling the dice hoping for a score.
Thanks Joe
CMTP Good volume lately
GLLC? Oh god no.. your kidding right? That's a joke? This board doesn't talk about turd stocks.
It's the natural order of things. The pump really doesn't work as well anymore, the market is short of dumb money these days.
Obtain better management that understands the capital markets.
Who fired this turd stock back up again?
Secret crush? Comon you can tell me.
yeah know most folks won't even bother trying to read that.. I got through about half of it before I quit. Seems a lot of work to type something nobody is going to read.
Shareholder Advocates, L.L.C. is a shareholder in every "corporate clean up" and does not guarantee the future value or outcome to any stockholder. In most cases stockholders will be diluted from a reverse stock split, issuance of shares or
both.
http://shareholderadvocates.com/About_Us.html