NEP...it's all so sloppy. On their July 6th release about the new independent director, at the bottom it gives the names of the contacts. One of the names listed is Yang Dio Zhang,Chief Financial Officer.....except he resigned on May 23rd!

"After an update of the preliminary report by JLA, the Board called a special meeting to discuss the situation on May 21 and 22, 2010. As a result of these meetings, on May 23, 2010, the Board through unanimous written consent took the following corporate actions:
(i) Accepted the resignation of its chief financial officer, Mr. Yang Zhang, and appointed Mr. Andrew Kan from JLA to serve as interim acting chief financial officer until a permanent chief financial officer is duly appointed."

Sure not impressed with Bill Zima and the IR firm he is with....don't care how big or prestigious they may be, they suck at getting their client to make smarter moves.

July 9, 2010, 11:45 AM ET.DragonWave Rebounds; Mizuho Upgrades To Outperform Rating.

By Eric Savitz
DragonWave (DRWI) shares, which were clobbered earlier this week after the telecom equipment company issued much-worse-than-expected guidance for its August quarter on a big drop in revenue from Clearwire (CLWR), today has staged a smart rebound. Providing support to the stock: Mizuho Securities analyst Joanna Makris, who this morning upped her rating on the stock to Outperform from Neutral.

“With Clearwire expected to resume its build out and DragonWave still in the catbird’s seat here, we believe the next quarter or so represents a temporary speed bump in a good fundamental story,” she writes in a research note. “While we don’t have all the answers, we believe valuation is too compelling to ignore for a market segment in the early innings of a multi-year growth cycle.”
Makris notes that excluding $3.15 a share in cash, the stock trades at 0.4x estimated FY 2012 sales.

NEP: I think it's still halted.

Current Trading Halts
July 9, 2010

Halt times displayed are Eastern Time (ET).

Halt Date Halt Time Issue Symbol Issue Name Mkt Reason Code Pause Threshold Price Date Resumption Quote Time Resumption Trade Time
06/18/2010 12:08:19 USBA U.S. Bancorp Depositary Shares, Each representing a 1/100th interest in a share of Series A Non-CumulativePerpetual Pfd Stock C T1
05/25/2010 10:07:01 NEP China North East Petroleum Holdings Limited Common Stock C T1
http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts
and this:
http://www.nyse.com/regulation/nysealternextus/noncompliantissues.shtml

The post I deleted was a copy/paste I read from another site and now I can't locate the exact post.

Yeah, this puppy's going down. I'm in at higher prices, but I believe in it long term....it will just be longer than I would have liked!

deleted.......it was an old post from Q4.

Q1 FY2011 Performance Summary

- Revenue of $48.7 million, up 275% versus $13.0 million in Q1 FY2010

- Gross margin of 44% compared with 35% in Q1 FY2010 Operating margin of 20%

- GAAP diluted earnings per share of $0.26

- Cash generated from operations of $3.5 million

- Ending cash, cash equivalents and short-term investments of $115.8 million

Revenue for the first quarter of fiscal year 2011 was $48.7 million, compared with $13.0 million in the first quarter of fiscal year 2010 and $61.0 million in the fourth quarter of fiscal year 2010. Revenue from customers within North America was $42.9 million, compared with $10.5 million in the first quarter of the prior fiscal year. DragonWave had one major customer in the first quarter of fiscal year 2011 that generated 78% of revenue.

Net income in the first quarter of fiscal year 2011 was $9.7 million or $0.26 per diluted share, compared with a net loss of $2.4 million or ($0.08) per diluted share in the first quarter of 2010. Gross margin for the first quarter was 43.6%, compared with 34.5% in the first quarter of the prior fiscal year; operating margin was 20% in the quarter.

"DragonWave delivered strong year-over-year growth in the first quarter," said DragonWave President and CEO Peter Allen. "We are focused on achieving our key strategic objectives of broadening and deepening our global market presence, expanding our customer base and continuing to deliver innovative solutions. The global mobile broadband Internet is unstoppable, which will drive the growth for DragonWave solutions in markets throughout the world."

Cash, cash equivalents, and short-term investments totaled $115.8 million at the end of Q1 FY2011, compared to $113.4 million at the end of the prior quarter, and $20.0 million at the end of Q1 FY2010.

Revenue Outlook for Q2 FY2011

Beginning in Q1 FY2011, DragonWave is reporting financial results in US dollars. The Company expects revenue for Q2 FY2011 to be approximately $25 million. DragonWave's largest customer is expected to contribute approximately 25% of Q2 FY2011 revenue. We expect significant growth from other customers from the $10.7 million level in Q1 of FY2011 and estimate that revenue from these customers will be approximately 75% of total revenue in Q2 of FY2011.

Webcast and Conference Call Details

The DragonWave management team will discuss the results on a conference call and webcast beginning at 8:30 a.m. Eastern Time, tomorrow, July 8, 2010.

Toll-free North America Dial-in: 877-312-9202

International Dial-in: 408-774-4000

The live webcast and presentation slides will be available at: http://investor.dragonwaveinc.com/events.cfm.


http://finance.yahoo.com/news/Dragonwave-Inc-Announces-iw-1987090451.html?x=0&.v=1

SPRD: A core holding of mine, but the stock apparently hasn't appealed to posters here. IHub site is generally quiet about SPRD except for the occasional mention on the IDCC board.

Quepasa.com Launches DSM Advertising Campaign for UFC
Quepasa's Latest "Why I Watch" DSM Campaign Invites UFC Fans Across Latin America to Share Their Excitement for the Fastest Growing Sport in the World
Press Release Source: Quepasa Corporation On Wednesday July 7, 2010, 6:00 am EDT
WEST PALM BEACH, FL--(Marketwire - 07/07/10) - Quepasa Corporation (OTC.BB:QPSA - News), owner of Quepasa.com, an online social network targeting the Latino community, today announced the launch of a new DSM Campaign promoting Ultimate Fighting Championship, the world's leading mixed martial arts sports association. The UFC campaign is Quepasa's first DSM in the entertainment vertical, and builds upon the success of the Quepasa UFC community, launched in March of this year.

Quepasa DSM, or Distributed Social Media, is a social media advertising solution designed to help brands reach and engage with Latinos across the social web. In this latest campaign, "Why I Watch," participants are invited to create and share UFC video highlight reels for the chance to win UFC memorabilia along with other UFC merchandise not readily found in Latin America. The viral nature of the campaign will extend Quepasa members' enthusiasm for UFC wherever they go online, giving UFC a unique opportunity to let its most passionate supporters distribute content and build brand awareness.

"The UFC is a natural fit for Quepasa and its community on the site has seen impressive growth since launch. This DSM campaign gives fans the opportunity to win great prizes and build brand awareness on behalf of the UFC while doing it," says Steve Kaplan VP of Product for Quepasa.

Quepasa CEO, John Abbott, adds: "The UFC has been very supportive of our efforts to build its fan base and brand in the Latin American market, and we are very excited to expand our relationship with them through a DSM campaign. DSM is a vehicle for content brands like UFC to socialize and virally distribute their marketing messages, and we look forward to their continued success on our platform."

Jul 8, 2010
8:30 AM ET First Quarter Fiscal Year 2011 Results
Listen to webcast http://investor.dragonwaveinc.com/events.cfm

Conference Call Details:
Toll-free North America Dial-in: (877) 312-9202
International Dial-in: (408) 774-4000

also NEWN
June 29, 2010 /PRNewswire via COMTEX/ -- New
Energy Systems Group (OTC Bulletin Board: NEWN) ("New Energy"), a vertically
integrated original design manufacturer and distributor of lithium ion batteries
and backup power systems, announced today that it will present at the Global
Hunter Securities 2010 China Conference taking place on July 11-13, 2010, at the
St. Regis Hotel in San Francisco. The Company is scheduled to present on
Tuesday, July 13 at 2:30 p.m. Pacific Time (5:30 p.m. ET).

Quepasa.com Grows Membership to 15MM Users
http://ih.advfn.com/p.php?pid=nmona&article=43461601&symbol=QPSA
Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, an online social network targeting the Latino community, today announced that the website saw a record 10.8MM unique visits during the month of June, a 12.5% increase over the prior month. At the same time, registered users grew by 1.2MM new members to over 15MM.

"We continued to benefit from new functionality aimed at enhancing user experience on Quepasa and as result saw a greater number of unique visits," said John C. Abbott, CEO of Quepasa Corporation. "Following the completion of our developer site, we now look forward to seeing the results of third party applications on Quepasa."

KNDI...wow, what a comparison. Hope that post circulates a few stock boards!

June 29, 2010 7:03 AM EDT

Merriman Curhan Ford reiterates a 'Buy' on ZAGG, Inc. (Nasdaq: ZAGG), raises valuation range from $3.50-4.50 to $5-6.

http://www.streetinsider.com/Analyst+Comments/Merriman+Curhan+Ford+Reiterates+a+Buy+on+ZAGG,+Inc.+(ZAGG)%3B+Retail+Distribution+With+AT%26T+Wireless+Raises+Visibility/5765548.html

CCME/CNYD....summaries from shortsqueeze.com....FYI,

China Mediaexpress Holdings Incorporated $ 10.97
CCME -0.36

Short Interest (Shares Short) 900,900
Days To Cover (Short Interest Ratio) 3.3
Short Percent of Float 9.61 %
Short Squeeze Ranking™ 13

% From 52-Wk High ($ 14.82 ) -25.98 %
% From 52-Wk Low ($ 7.35 ) 49.25 %
% From 200-Day MA ($ 11.10 ) -1.17 %
% From 50-Day MA ($ 12.66 ) -13.35 %
Price % Change (52-Week) 42.10 %

Shares Float 8,950,000
Total Shares Outstanding 33,290,452
% Owned by Insiders 81.92 %
% Owned by Institutions 2.30 %
Market Cap. $ 365,196,267
Trading Volume - Today 406,888
Trading Volume - Average 276,300
Trading Volume - Today vs. Average 46.95 %
Earnings Per Share 1.81
PE Ratio 7.10
Record Date 2010-JuneB
----------------------------------------------

China Yida Holding Company New $ 14.79
CNYD 0.40

Short Interest (Shares Short) 116,900
Days To Cover (Short Interest Ratio) 1.4
Short Percent of Float 1.18 %
Short Squeeze Ranking™ 12

% From 52-Wk High ($ 16.45 ) -10.09 %
% From 52-Wk Low ($ 0.01 ) 9999.99 %
% From 200-Day MA ($ 11.67 ) 26.74 %
% From 50-Day MA ($ 12.66 ) 16.82 %
Price % Change (52-Week) 703.80 %

Shares Float 8,330,000
Total Shares Outstanding 19,551,785
% Owned by Insiders 69.48 %
% Owned by Institutions 7.70 %
Market Cap. $ 289,170,899
Trading Volume - Today 27,402
Trading Volume - Average 80,600
Trading Volume - Today vs. Average 0.96 %
Earnings Per Share 1.47
PE Ratio 10.50
Record Date 2010-JuneB

CCME: she's a Director of CCME
Dorothy Dong

Director
China MediaExpress Holdings, Inc.
New York , NY
Sector: FINANCIAL / Diversified Investments
Ms. Dong has been a Managing Director at C.V. Starr Investment Advisors (Asia) Ltd. since December 2007 and for seven months prior to that acted as Vice President at AIG Private Equity, a division of American International Group, Inc., an international insurance and investment company. From December of 2002 to March of 2007, Ms. Dong was a Director of Anglo Chinese Corporate Finance Limited, an investment banking advisory firm, and the General Manager of its Shanghai operation. Ms. Dong currently serves on the board of directors of Changeng Axle (China) Co. Ltd. and Guangzhou Techpool Pharmaceutical Co. Ltd. Ms. Dong holds an LLB in Business Law from Shanghai University, an MBA from McGill Univesity and is a Chartered Financial Analyst. Effective upon the closing of the previously announced investment by Starr International Company, Inc. on January 28, 2010, Ms. Dorothy Dong was appointed as a director to serve on the Board of Directors of China MediaExpress Holdings, Inc

http://people.forbes.com/profile/dorothy-dong/138843

NEW YORK, June 17 /PRNewswire/ -- UBM TechWeb's Light Reading (www.lightreading.com), the largest research-led media company serving the global communications marketplace, in collaboration with Heavy Reading (www.heavyreading.com), its prestigious market research division, will be hosting their tenth annual Backhaul Strategies for Mobile Operators Conference on June 23, 2010 in New York City. Backhaul Strategies & Core Convergence for Mobile Operators, co-chaired by Heavy Reading Senior Analysts Gabriel Brown and Patrick Donegan along with Senior Consultant Berge Ayvazian, is being expanded to embrace the theme of core convergence, but will again focus primarily on the progress that wireless operators are making in migrating their backhaul networks for dramatically increasing volumes and types of data traffic. Backhaul Strategies for Mobile Operators 2009 in New York was one of the industry's most successful backhaul events in 2009, with nearly 225 registrants and 115 attendees, of whom over 60 percent were from service providers or cable operators. Expected attendance for 2010 is between 200 and 300 attendees.

Backhaul Strategies & Core Convergence for Mobile Operators will feature keynote speaker Yiannis Argyropoulos, Ph.D., Architecture & Planning, AT&T, who will discuss AT&T's strategy for equipping its backhaul network to support GSM, EDGE, HSPA, and LTE traffic using fiber and next-generation microwave equipment. Also keynoting is Larry O'Neill, Manager of Ethernet Services, Verizon Global Wholesale, who will give a brief overview of the wireless market, detailing the requirements of the wireless carriers while citing the various ways that Verizon is addressing those needs with its Ethernet suite of products, also addressing where the wireless backhaul market is going in the future.

"Most wireless operators have largely figured out how they want to evolve their network to support the new data traffic volumes. But they are still only at the tip of the iceberg in terms of making all their final partner selections and executing on their roadmaps at the operational level," said Patrick Donegan. "Operators also need to consider adjusting their strategies in the light of new opportunities and challenges presented by LTE and WiMax such as the prospective convergence of core and backhaul elements."

Featured speakers include Fred B. Campbell Jr., President & CEO, Wireless Communications Association International; Ron Mudry, CEO, Tower Cloud; Howard Susskind, Senior Director Customer Network Planning, Level 3 Communications; and Association Sponsor speaker Rami Yaron, Mobile Backhaul Sub-Committee Member & MBH Ambassador for the Americas, MEF. Speakers from sponsoring companies will also be presenting. Sponsors include Super Platinum Sponsors Cisco and Tellabs; Platinum Sponsors Alcatel-Lucent and Ericsson; Gold Sponsors: Accedian Networks, Aviat Networks, Ciena, DragonWave, Fujitsu, LSI Corp., Nokia Siemens Networks, Overture Networks, RAD Data Communications, Taqua, Telco Systems, and Transmode; and Silver Sponsors JDSU, NEC, and Transition Networks.
http://www.prnewswire.com/news-releases/att-verizon-global-wholesale-to-keynote-at-light-readings-backhaul--core-convergence-conference-for-mobile-operators-plus-featured-speakers-from-tower-cloud-wcai-level-3--more-96566569.html

And from DragonWave's website:
http://www.dragonwaveinc.com/news-events.asp?eventid=113

ZAGG Inc. (NASDAQ: ZAGG) (www.ZAGG.com), a leading producer of electronics accessories for protecting and enhancing the mobile experience, including the popular invisibleSHIELD™, ZAGGbuds™, and ZAGGsparq™ brands, will join the Russell Microcap® Index when Russell Investments reconstitutes its family of U.S. indexes on June 25, according to a preliminary list of additions posted June 18 on www.russell.com.

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

“We are thrilled to be included in the Russell Microcap Index, and we see it as recognition of the value of ZAGG to the investment community,” said Brandon T. O’Brien, CFO of ZAGG.

I agree....this stock is a hidden gem.

Press Release Source: Quepasa Corporation On Thursday June 24, 2010, 9:00 am
WEST PALM BEACH, FL--(Marketwire - 06/24/10) - Quepasa Corporation (OTC.BB:QPSA - News), creator of Quepasa.com, one of the world's fastest-growing Latino social networks, announced that it has increased its signed DSM advertising campaigns by $3 million from its previously announced signed engagements. That brings the total signed contracts during 2010 to approximately $7.3 million. Quepasa DSM is a social media advertising solution that allows advertisers and brands to target and distribute their marketing message across all social media sites.
"Ad agencies and brands are expressing tremendous enthusiasm for Quepasa DSM, based on the flexibility it affords users to participate on their social network of choice, its performance-based pricing, and real-time analytics," said John Abbott, Quepasa's CEO. "To date, all of our DSM campaigns have delivered tangible value to our client and engagements for our customers well beyond our expectations. To achieve our current level of engagement we estimate that the cost of an equivalent online banner campaign would be 10-30 times that of a typical DSM campaign. As we upgrade our DSM platform, we expect to improve on the economics we can offer advertisers versus traditional solutions. Additionally, we have received significant interest from other portals to resell our product to their existing customers thereby expanding their offerings to their customer base. We expect to announce these relationships in the coming months."
http://finance.yahoo.com/news/Quepasa-Adds-3-Million-to-iw-1482952436.html?x=0&.v=1

Exactly.

Clearwire raises almost $300M for 4G buildout
http://www.bizjournals.com/seattle/stories/2010/06/21/daily10.html
Tuesday, June 22, 2010, 9:00am PDT

Rackspace Hosting Ranked as “Champion” in Cloud Infrastructure Category

Today : Tuesday 22 June 2010
Rackspace® Hosting (NYSE:RAX), the leader in the hosting and cloud computing industry, has been listed as a Champion in Info-Tech Research Group’s Cloud Infrastructure vendor landscape. Info-Tech Research Group’s vendor landscape report provides a detailed, head-to-head, analytical comparison of products in a given market. Assessing vendors by the strength of their offering and their strategy for the enterprise, this report simplifies the selection process for IT decision makers and highlights products which should be considered.

“As a cloud industry leader, Rackspace continues to focus on building out the best cloud to service our customers,” said Pat Matthews, vice president and general manager of Rackspace Cloud. “Being recognized as a Champion in Info-Tech Research Group’s vendor landscape report validates our leadership position, which has been achieved through our deep industry expertise and commitment to Fanatical Support®.”

Rackspace has experienced tremendous traction in its cloud business, with its cloud revenue and cloud customer count having nearly doubled on an annual basis as of March 31, 2010.
This report is designed to recognize vendors that provide quality products and services to their clients, and therefore is a tool that can help enterprise IT decision-makers identify a short list of vendors for their IT programs. Rackspace was one of nine vendors assessed in the recent vendor landscape report assessment entitled “Select the Right Cloud Infrastructure Service Partner.”

The landscape report assesses each cloud vendor in six categories including features, affordability, usability, vendor viability, geographic presence and support to compute a ranking for each vendor.

The Info-Tech Research Group’s latest vendor landscape report for the category of Cloud Infrastructure is available through the company at www.infotech.com.

Canaccord Genuity reiterates a 'Buy' rating on DragonWave (NASDAQ: DRWI), price target $11.

Canaccord analyst says, "While we do not expect the results (Q1/F11 reporting in upcoming July) to provide a near-term catalyst for the shares, we do anticipate two events that should drive the shares in the short to medium term. First, we continue to believe that the probability of Clearwire (Nasdaq: CLWR) stopping or materially slowing down its build after reaching its 2010 target of 120 million POPs as a very low probability event. We expect that Clearwire’s partners will provide the capital for the next phase of the roll-out. Second, we have assessed DRWI’s first OEM relationship and believe that the end-to-end solution that is being provided could be a highly competitive one in the marketplace and it could expand beyond North America and Japan."
http://www.streetinsider.com/Analyst+Comments/Canaccord+Genuity+Reiterates+a+Buy+on+DragonWave+%28DRWI%29%3B+Look+for+Catalysts+Beyond+Q1/5746333.html

DragonWave Inc. (NASDAQ: DRWI)(TSX: DWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that Baud Telecom Company (BTC Networks) has selected DragonWave as its "vendor of choice" for wireless, last-mile enterprise access. One of BTC Networks' valuable customers, Etihad Atheeb Telecom Company "GO", is expanding its footprint across Saudi Arabia by deploying DragonWave's Horizon Compact to flexibly support low-latency business services of varying speeds up to 400 Mbps.

"The DragonWave solution offers an appealing combination of benefits to GO Telecom," said Ziad Edeis, Manager - Studies & Proposals Department with BTC Networks. "For example, the Horizon Compact allows us to meet GO's needs to be able to introduce low-latency services, including voice and high-speed data, in locations where fiber access is unavailable or prohibitively expensive-and then adjust capacity quickly and easily as needed with simple software upgrades. Plus, the spectral efficiency of the DragonWave solution will allow GO Telecom and our other customers to cost-effectively deliver the maximum amount of revenue-generating services over their licensed spectrum allotments."

BTC Networks, through its partnership with the operators, supports enterprise services in more than 30 cities across Saudi Arabia, and BTC Networks has furthered its reach to markets across the Middle East. DragonWave's Horizon Compact provides BTC Networks with a proven, robust and feature-rich access solution for state-of-the-art business services that integrate legacy Time Division Multiplexing (TDM) and carrier-grade, high-capacity native Ethernet applications. The Horizon Compact's advanced failover and preemptive-handoff capabilities ensure high degrees of traffic security and service reliability, and its remote scalability and integration of traditional split indoor modem and outdoor radio functionality into a single, small, all-outdoor chassis contribute to a low total cost of ownership.

"BTC Networks is a terrific partner for us in the increasingly important Middle East marketplace, and the Horizon Compact is the right solution for last-mile enterprise access and fiber extension," said Peter Allen, President and Chief Executive Officer of DragonWave. "Our solution will help operators like GO Telecom offer the most appealing business services without concerns that operational and spectrum costs could sabotage profitability."
DragonWave Horizon products operate in both licensed and unlicensed radio frequencies between 6 and 38 GHz. An uncompromised product design delivers pure "packet" microwave performance with software scalable, ultra-low latency transport of up to 4 Gbps per link. Extremely easy to deploy and manage, DragonWave products deliver carrier-grade (99.999%) interference-free performance in next-generation IP networks.

About Baud Telecom Company (BTC Networks)

Baud Telecom Company, established in 1975 in Jeddah, Kingdom of Saudi Arabia, is a leading system integrator for telecommunication service providers, better known as BTC Networks. It has offices in Jeddah, Riyadh, Khobar, Madinah. Outside the Kingdom, branches were established in Egypt, Lebanon, Jordan, Syria and Iraq. BTC Networks represents global Telecom vendors like Cisco, Juniper, Tellabs, Polycom, ND SatCom, Nexans, NetScreen, MGE among many other market leaders.

About Etihad Atheeb Telecom Co. "GO"

Etihad Atheeb Telecom "GO" is a Saudi Joint Stock Company with a capital of 1 billion Saudi Riyals that holds a fixed-line license from the Saudi CITC and specializes in the fields of high-speed WiMAX Internet and phone services. GO is listed in the Saudi stock exchange "Tadawul" under the name "Atheeb Telecom" and code 7040. "GO" is the company commercial name. His Royal Highness, Prince Abdul Aziz bin Ahmed bin Abdul Aziz Al Saud is the Chairman of the Board of Directors. "GO" is the first 4G Operator and competing fixed phone service provider in the kingdom. For more information, kindly visit www.go.com.sa

Quepasa Wins DSM Contract for High-Profile Legislative Campaign in Mexico
http://ih.advfn.com/p.php?pid=nmona&article=43323669&symbol=QPSA
Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, an online social network targeting the Latino community, today announced that it had been awarded a contract to promote a proposed law that will seek to create more opportunities for young Mexicans. The law will be presented to the Mexican Senate in September, 2010. The latest in a series of contracts for Quepasa's DSM or "Distributed Social Media" advertising solution, this marks an innovative application of DSM to the political sphere.

The legislative campaign, set to launch this August, will utilize DSM to generate grassroots support for the proposed law. The DSM will not only educate visitors on the legislation, but also give them the opportunity to cast a virtual "vote" for it and post it to their various social profiles in order to engage others. While additional details of the legislation have not yet been announced, Quepasa has indicated that the law's focus on young Mexicans has made social media a natural choice for the campaign's online home.

"Quepasa DSM will allow us engage those who will benefit directly from this legislation," said a spokesperson for a political sponsor of the law. "We look forward to not only reaching our audience, but also opening a dialogue with them and, in turn, generating meaningful support for this initiative."

"Social media has demonstrated tremendous potential as a forum for political dialogue and advancement," said John Abbott, CEO of Quepasa. "We are excited about this opportunity because it allows us to participate in this important trend as we continue to build out our DSM business."

City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) announced today that NiQ Lai, CFO and Head of Talent Engagement, will participate in a webcast and question-and-answer session hosted by Bay Crest Partners, on Thursday, June 24th at 10:00 am EDT.
------------------------------

From Bay Crest's website:
Our Corporate Access platform focuses on building relationships between a wide range of corporate executives and our clients. Corporate Access enables Bay Crest to provide our clients with a unique venue to meet with corporate executives. Our team establishes relationships between institutional investors and corporate management. This unbiased access can provide an institutional investor with unique perspective and analysis, and can help broaden and strengthen each company’s investor base.

We facilitate conference calls, one-on-one management meetings, on-site visits and non deal road shows with industry experts and senior management teams. We believe our hosted events offer a unique venue with access to management of some of the top discovered and undiscovered global companies.

Recent Conference Calls & Events
06/16/10 Legacy Reserves LP (NASDAQ: LGCY)
06/03/10 Myriad Genetics, Inc. (NASDAQ: MYGN)
06/02/10 Swift Energy Company (NYSE: SFY)
05/18/10 GrafTech International (NYSE: GTI)
05/17/10 Investor / Analyst Breakfast with Compass Group PLC (CPG London)
05/12/10 Big 5 Sporting Goods Corporation (NADAQ: BGFV)
05/11/10 Investor / Analyst Luncheon with Randgold (GOLD)
05/06/10 Investor / Analyst Cocktail Reception with NTT DoCoMo Inc. (9437 JP)
05/06/10 Cummins Inc. (NYSE: CMI)
05/05/10 TradeStation Group, Inc. (NASDAQ: TRAD)
04/28/10 Coach, Inc. (NYSE: COH)
03/31/10 Quicksilver Resources Inc. (NYSE: KWK)
http://www.baycrestpartners.com/corporate_access.html

OT: Disneyland project in Shanghai spotlights forced evictions in China
(Keith B. Richburg/The Washington Post)

A village in Greater Shanghai, known as Zhaobang, once housed more than 2,000 people on the eastern side of the Yellow River, but the entire village is being torn down, and the households relocated, to make way for the Disney theme park development.

Saturday, June 19, 2010

SHANGHAI -- It took years and all of the family's life savings, but in 2008, retiree Wang Quanlin finally completed his dream home. It was spacious, two stories with an attic, and had new furnishings inside.

Then last fall came an unexpected notice from the Shanghai city government. The entire area had been slated for a new development project -- a Disneyland theme park. The Wang family would have to move, and their house would be demolished.

The Wangs' uphill legal battle to stay in their home, or to get what they consider fair compensation, is about to end. The government is set to turn over the land in July for the $3.5 billion Disney project, and the family -- having exhausted its protests and appeals -- will be relocated to two much smaller apartments.

"We support Disneyland, but we hate these forced demolitions," said Wang's son, Wang Yuchen, 30, who took a leave of absence from his job as an engineer to fight the eviction. "The whole process is unfair. It's unequal."

It's a story being repeated all over China, as the country's breakneck economic growth has created a property boom and developers, often working hand in hand with local officials, rush to cash in. Often that means the government seizing land for projects deemed in the "public interest," and ordinary Chinese who lack high-level connections being forced out of their longtime homes and neighborhoods with meager compensation.
Hundreds of thousands of Beijing residents were displaced and thousands of houses destroyed for the construction of 2008 Olympics venues. In Shanghai, thousands were displaced to make way for the world expo this spring. And about 2,000 households in four townships on the east side of the Yellow River are being moved to make way for Disney; the Wang family is among the last dozen or so holdouts.

"It is happening everywhere, and to a great magnitude," said Yang Jianli, a longtime dissident and a fellow at Harvard University who works with a group called the Sparrow Initiative, which highlights forced evictions and demolitions.

"Forced demolitions, forced evictions are so ubiquitous in China," Yang said. "And they do it without regard to people's rights."

"........But the race to remove residents comes amid questions about whether China even needs a new Disneyland. The country is awash in theme parks -- historical parks, garden parks, cultural parks, ethnic minority parks, even a theme park populated by little people. Few turn a profit."

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/18/AR2010061805277.html

I see that link in the prior post was weird. Here's NEP site, scroll to release dated April 16.
http://irpage.net/cneh/Recent_News.html

You might recall they gave preliminary unaudited numbers in a release dated April 16th. Not sure whether or not to take them with a grain of salt, however.

"...Preliminary revenues for 2009 increased 10% to $64.7 million from $58.6 million in 2008 due to increased oil production and revenue generated by the Company's newly acquired contract oil drilling entity, Tiancheng. In 2009, forty two new oil wells were drilled in the Company's oilfields, bringing the total number of producing wells to 289. Total oil production in 2009 was 908,126 barrels, a 41% increase from 645,856 barrels in 2008. Oil prices in 2009 averaged RMB 2,824 per ton (USD$55.97 per barrel), a 41% decrease from 2008 levels of RMB 4,845 per ton (US$94.29 per barrel). Tiancheng contributed $13.6 million of the revenue in 2009, all of which was booked in the fourth quarter, as the acquisition of Tiancheng was completed on September 27, 2009.

Full year 2009 preliminary non-GAAP adjusted EBITDA(1) was $49.6 million, or $2.21 per common share. The Company incurred a preliminary GAAP net loss of $22.1 million, or ($0.99) per diluted share, in 2009. The net loss was primarily due to $49.5 million in non-cash charges related to the impairment of oil and gas properties, change in fair value of warrants and loss on extinguishment of debt. These expenses were $13.8 million, $27.4 million and $8.3 million, respectively.

Mr. Hongjun Wang, President of China North East Petroleum, commented, "While we regret the delay in the filing of our 2009 annual report, our preliminary 2009 non-GAAP financial results which exclude certain non-cash charges were very strong. We were pleased to increase our revenue 10% in 2009 in spite of a significant decrease in oil prices in the first half of the year, compared to oil prices in 2008. Our newly acquired oilfield services division has exceeded our expectations.

"In the wake of our recently announced financial reporting and internal control deficiencies, we are implementing the necessary steps towards improving our internal controls and financial reporting function. We take these issues very seriously and are working aggressively to prevent a reoccurrence of such issues in the future....."

http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=30048378&topic=NEP&symbology=null&cp=null&webmasterId=90925

OT: Facebook 2009 Revenue Was Almost $800 Million

Facebook’s revenue in 2009 was nearly $800 million, and the company turned a part of it into a solid net profit, according to Reuters, which cites two sources familiar with the situation.

The number is significantly higher than earlier estimates of $500 million revenue in 2009, and even the projected $710 million revenue in 2010. Facebook, as usual, declines to comment on any of these numbers, but we know that it became cash-flow positive in 2009.

“They are downplaying their performance. There’s no upside in getting people’s expectations high, it’s always better to go low,” said one of Reuters’s sources. It could be true: If Facebook is heading toward an IPO, it’s definitely better to be able to show big growth than to boast high numbers now, only to end up unable to beat them later.

If these new estimates are true, this is great news for Facebook, which has been on the ugly side of a privacy-related scandal that ended up reaching the cover of Time magazine and had Mark Zuckerberg, the site’s founder and CEO, apologizing for the company’s misdeeds. As long as the earnings and growth is strong — and according to the latest numbers from Compete, Facebook is still growing quite fast — Facebook will have time to tinker and experiment with privacy to find out how far it can go before causing a real backlash.
http://mashable.com/2010/06/18/facebook-800-million/

Quepasa Is First Social Network to Bring Skill-Based Gaming to Their Users Through Partnership With Titan Gaming

WEST PALM BEACH, FL -- (Marketwire)
06/16/10
Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, an online social network targeting the Latino community, has signed an agreement with Titan Gaming to integrate Titan's skill-based gaming technologies into Quepasa's Open Social Developer platform. This partnership will facilitate the availability and publishing of skill-based social games to Quepasa's registered user base of over 14 million Latinos. The partnership will drive the engagement and monetization of Quepasa's users and will continue to differentiate Quepasa's core offering.

"Game developers around the world are looking for better ways to monetize their games beyond ads and virtual currency. Titan's Platform enables game developers to add tournaments, leaderboards, skill-based matchmaking, and points and cash competitions (dependent upon the laws in each jurisdiction) to their portfolios of games," said John Maffei, CEO of Titan Gaming. "We are excited to partner with Quepasa due to their explosive user growth, comprehensive gaming strategy, and their singular focus on the rapidly-growing and sophisticated Latino user base."

"Quepasa is excited to partner with Titan Gaming, as we believe the availability of skill-based gaming titles will be a real differentiator for Quepasa as we start to market our Open Social Developer platform to the broader game developer community. We look forward to working with social game developers from across the globe to effectively drive the adoption and monetization of their titles to our rapidly growing Latino user base," said Quepasa CEO, John Abbott.

About Titan

Titan, based in Los Angeles, CA, was incorporated in 2006 and has invested over 100,000 hours in development with a team of 24 engineers to develop the Titan Platform. The Titan Platform offers gaming companies and content sites the most effective and complete gaming platform that enables skill-based matchmaking, tournaments and legal points or cash competitions. Titan utilizes gamers' natural competitive inclinations to help its partners and their game developers generate the highest lifetime value (LTV) for users of the platform in the video game industry. Developers, game publishers and content sites interested in utilizing the Titan Platform can visit www.TitanPlatform.com to learn more.

New Energy Systems Group (OTC Bulletin Board: NEWN), a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems, today announced the appointment of Ms. Shuxian Cui, effective June 9, 2010, as a new, independent member of the company's Board of Directors. Cui is replacing Mr. Rongqi Dai, who resigned from his position from the board on June 9, 2010, due to health considerations. The Company also notes that it is in active conversations with potential additional independent board members.
Mr. Nian Chen, Chief Executive Officer, commented, "We welcome Shuxian Cui to this independent leadership position on the New Energy board. Shuxian's business acumen and accounting experience will be invaluable to New Energy as we continue our growth and further enhance our corporate infrastructure. Separately, we want to express our gratitude to Rongqi Dai for his service to this company."

Cui brings extensive accounting-related business experience to the board, having worked with many large Chinese companies. She has a deep understanding of regulatory compliance and financial accounting rules. For nearly two decades, Cui has worked with clients in Shenzhen primarily in areas related to implementing and maintaining corporate accounting standards and business accounting systems. Prior to working in Shenzhen, Cui held senior finance and accounting positions in Jiangxi Province and Hunan Province. She graduated from Jilin University of Finance and Economics (previously Changchun Taxation College) with a degree in accounting.
http://ih.advfn.com/p.php?pid=nmona&article=43214258&symbol=NEWN

Good presentation at RBC this morning....
http://investor.dragonwaveinc.com/events.cfm

So can we buy stock in your father's company... :)

"My father's company has already hit their full year revenue targets, almost solely from business in China."

Hopefully to be followed very soon by the annual 10-K and the first quarter's 10-Q. (and all those earlier amended ones!!)

"The Company is working expeditiously to complete the internal control review, and expects to file amended and restated annual and quarterly reports for the periods ending March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009, June 30, 2009 and September 30, 2009, and its Annual Report on Form 10-K for the year ended December 31, 2009 on or before June 15, 2010."

http://finance.yahoo.com/news/China-North-East-Petroleum-prnews-3468416611.html?x=0&.v=15

That's very sad news to read this morning. Arthritis was a superb long term IDCC supporter. He fought long and hard.

My sympathies to his family.......
ciciagt

http://www.marketwatch.com/story/making-money-in-mobile-2010-06-01?siteid=yhoof
DragonWave Inc. solves another problem created by the rapidly increasing, heavy use of MIDs. Mobile devices transmit and receive from an antenna, which could be a local Wi-Fi hotspot, or a cellular or WiMAX tower. Smartphone users stay connected for many more minutes per day than the older feature phones were used, and they handle a lot of high-density traffic like video. The networks connecting all these antennas are becoming overstrained by the heavy traffic. AT&T Inc. had to suspend sales of Apple's iPhone in the San Francisco area for a while due to this problem.

DragonWave has the solution. Instead of connecting new towers with slow copper wire, or trying to permit, install and connect expensive fiberoptic cable, DragonWave sells a robust microwave radio link. It provides a quickly installed, high-bandwidth connection that sits outside even in bad weather, eliminating the need for an energy-intensive temperature-controlled area on the tower

Clearwire and Towerstream, two customers with stringent requirements and advanced technologies, swear by these radios. Clearwire now accounts for about 80% of revenues, but DragonWave is accelerating its global sales effort to diversifying their customer base. I would buy DRWI all the way up to $10 for a $20 target in a year.

Murphy has positions in QUIK and DRWI.
Michael Murphy is the editor of the New World Investor , the second-best performing newsletter in 2009 according to the Hulbert Financial Digest.

Jun 15, 2010 10:00 AM ET DragonWave Inc. Annual and Special Meeting

Please sign up for email alert notification.
The Marshes Golf Club
320 Terry Fox Drive
Ottawa, ON CA
Conference Call Details:

Toll-free North America Dial-in: (877) 312-9202; International Dial-in: (408) 774-4000
http://investor.dragonwaveinc.com/events.cfm

William Blair Starts RAX at Outperform

http://www.williamblair.com/Pages/news_story_dept.asp?uid=1674&depID=4
Jim Breen Joins William Blair & Company, Initiates Coverage of Eight Communication Services Companies
CHICAGO, May 27, 2010 - William Blair & Company today announced that Jim Breen has joined the firm as an analyst on the sell-side technology research team, with a focus on communication services; Mr. Breen initiated coverage of eight companies in that industry.

Mr. Breen, who will work out of the firm’s Boston office, previously spent 10 years as an analyst at Thomas Weisel Partners, LLC. He has been recognized several times in recent years by The Wall Street Journal’s “Best on the Street” and the Financial Times/StarMine “World’s Top Analysts” listing, the latter of which ranked him the No. 3 stock-picker for 2009 in diversified telecom services. Mr. Breen, a chartered financial analyst, also worked as a high-yield fixed-income analyst at BancBoston Robertson Stephens and as a civil engineer at Modern Continental Construction Company.

Mr. Breen initiated coverage of AboveNet, Inc. (ABVT), Cbeyond, Inc. (CBEY), Cogent Communications Group, Inc. (CCOI), and Rackspace Hosting, Inc. (RAX) with Outperform ratings and Equinix, Inc. (EQIX), SAVVIS, Inc. (SVVS), Terremark Worldwide, Inc. (TMRK), and tw telecom inc. (TWTC) with Market Perform ratings.

“We believe these Internet infrastructure companies fit well with William Blair’s existing communications equipment and software coverage footprint,” Mr. Breen said. “It is our view that these service providers are building the infrastructure for what will be a dramatically different IT and communications industry in the not-so-distant future.”

Regarding "the appointment of Andrew Kan from JLA to serve as interim acting chief financial officer until a permanent chief financial officer is duly appointed"....seems he is more than capable to dig up any and all dirt.

http://www.johnleesassociates.com/Andrew.html
Professional Experience

Andrew specialises in forensic accounting investigation, fraud investigation and litigation support services.

Andrew's experience includes false accounting and corporate fraud investigations, assets tracing, anti-money laundering reviews, monitoring accountant engagements, electronic discovery administration and preparation of expert reports for criminal and civil litigation matters. He has been engaged in a number of major fraud investigations of listed companies in the Asian region. Andrew also has extensive experience working with law-enforcement agencies and the Department of Justice providing litigation support services.

Some notable assignments Andrew has been involved in include managing a review of transactions totalling over HK$100 million in an anti-money laundering investigation; investigating the accounting irregularities of a Hong Kong listed watch-making corporation; tracing misappropriated assets valued in excess of HK$2 billion of a listed Taiwanese conglomerate; investigating certain questionable transactions involving the PRC operation of a high profile website-portal service provider; investigating accounting irregularities and alleged trade finance fraud of one of the world's largest optical manufacturers which involved reviewing transactions totalling approximately HK$2 billion; and investigating a whistleblower's alleged claim for receiving kickbacks that occurred in the PRC operation of a multinational logistic corporation.

Andrew's experience in the various engagements covers clients involved in diverse industries such as manufacturing, securities broking, logistics, wholesale and retailing, printing, property management, information technologies, telecommunication and catering.

Andrew is fluent in Cantonese, English and Putonghua.

Professional Associations:
Member of the Hong Kong Institute of Certified Public Accountants
Member of the Institute of Chartered Accountants in England & Wales
Member of the Association of Certified Fraud Examiners