You are right. But Jiangbo should have done its homework better than they have... Then again I might be too impatient.

I guess JGBO will not be traded on Nasdaq on or before April 15th., another deadline missed ?!

Another article which mentions our beloved Jiangbo

read-it-here

I guess someone at Jiangbo likes Firefox better than Internet Explorer:

Audiofile of last CC:
for what it is worth

We've been flushed out before, we've been sold out before, we've been ignored by the company before.



Why am I holding? Waiting for better days I guess...don't know if there wil be any.

You all know my motto: time will tell.

I guess we all made a bad decision to stay in or what ?!
On the other hand, maybe tomorrow it will all look better.

I am glad things have worked out. I am one of those non-natives, just type your posts slowly and I`ll understand

Now let us see if Jiangbo can work out their issues.

As always , time will tell. Nothing new to speculate on...

Let's face it, the only thing that would really disrupt this room, is if Jiangbo doesn't make the deadline on the uplisting deal between them and Pope.

You have mixed up Bigplay777 and Biggreen101

Short interest:
Mar 24, 2010
58,108 shares
change -1.21%

I am curious what is new in this presentation (March 2010),
here it is.

edit:
After reading I can't find anything unexpected.

I can understand what you mean, maybe you are right.
Third quarter is almost over, 9 days left. But before we'll have the results, we first have to wait and see if they make the deadline of 15th of April that was agreed with Pope: uplisting yes or no.

Time will tell, we're still in "transition"-mode I guess.

For now I am thinking all this investing will bring revenues and net income in the future. So let's hope other investors will look at it the same way, then Jiango's pps can restart the climb to $15-$20-$25 . . . In the meanwhile uplisting is more than wellcome.

After land-right purchase a lot of investing has to be done, approximately $127 Million. Als another director left the board.

Item 1.01 Entry into a material Definitive Agreement.
On October 27, 2009, Laiyang Jiangbo Pharmaceuticals, Co., Ltd., a PRC entity (“Laiyang Jiangbo”) that Jiangbo Pharmaceuticals,
Inc. (the “Company”) operates, controls and beneficially owns the pharmaceutical business of, entered into a Contract for Transfer of State-Owned Construction Land Use Right (the “Contract”) with the Land and Resources Bureau of Laiyang City (the “Transferor”) pursuant to which the Transferor transferred the right to use a 385,800 square meter parcel of useful life of state-owned construction land to Laiyang Jiangbo for a period of 50-years starting from the date of the execution of the Contract. The Contract may be renewed after its initial 50 year
term by mutual consent of the parties.
The Contract provides that the purpose of the land use by Laiyang Jiangbo shall be for industrial and warehouse construction
projects. The Contract further provides that Laiyang Jiangbo’s total investment in such projects, which shall include buildings, structures and attached facilities, equipment investment and transfer price payment shall be no less than RMB 868,200,000 (approximately US$127,365,000) and the investment intensity shall be no less than RMB3,000 per square meter. Pursuant to the Contract, Laiyang Jiangbo is required to commence construction on the land prior to June 30, 2010 and construction is required to be completed prior to June 29, 2012. If Laiyang Jiangbo is not able to commence construction on the designated start date, it may apply to defer the construction by no later than 30 days in
advance of such date. If approval of a deferral of the construction start date is obtained, the construction completion date shall also be deferred accordingly. The deferral period shall be no longer than one year. The Contract provides that Laiyang Jiangbo shall be subject to certain penalties in the event that its use of the land does not comply with the terms of the Contract, including a penalty for allowing the land to remain
idle.
Pursuant to the terms of the Contract, the transfer price for the state-owned construction land use right was RMB115,764,000
(approximately US$16,983,000), or RMB300 per square meter. At the time of execution of the Contract, Laiyang Jiangbo paid a deposit of RMB22,000,000 (approximately US$3,227,000) toward the total land transfer price. The balance of the transfer price, RMB93,764,000 (US$13,756,000), was required to be paid by Laiyang Jiangbo within 20 days of the execution of the Contract and was fully paid by Laiyang Jiangbo in November 2009.
An English translation of the Contract is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On February 22, 2010, the Board of Directors of the Company received the resignation of Ms. Xue Hong from her position as the
Company’s Controller and Chief Accounting Officer, effective February 23, 2010. There were no disagreements between Ms. Xue and the Company on any matter relating to the Company’s operations, policies or practices, which resulted in her resignation.

I think this part is meant (from last quarterly report): "Notwithstanding the foregoing, the Company hereby agrees that in the event that its common stock has not been listed on The Nasdaq Stock Market on or prior to April 15, 2010, that the Company shall pay to the holders of the 2007 Notes and the 2008 Notes an amount equal to the difference between the interest on such Notes previously paid for the period from June 1, 2009 to November 30, 2009 (the " Interest Period ")
and the default rate of interest that would have been payable with respect to such Notes for the Interest Period."

To me it doesn't mean they insist, or push very hard. They are just going to get some extra money if JGBO fails to uplist before 15th of April. No more, no less.
Remember they have been working on this uplisting since a year or more. Seems a lot of finetuning had to be done, I am not so sure they have finished all the work in time...

As always, time will tell. GLTA

Any believers left?

Why is JIangbo not presenting itself
here. Last year they held a presentation during that conference.

It is nice to see that posters are coming back here when the pps is increasing again.

There is one thing that worries me. The number of shares short is still 58,818 (26th Feb.) Why haven't these been covered in the last run down? Shorts could have made a lot of money... Do the marketmakers who have sold these shares short know more than we do? Or are they just dumb?

Click tab "Short Interest"

I know what you guys think: "There he is again, whining about the shorts..." But it is a little confusing.
Multiply the number of shares short by the difference in pps, that adds up to 58k X $5 = $290.000 That is the profit that could have been made by buying back this number of shares !! Why would a short seller let that opportunity pass by?!

What if Mr. Cao will be using Jiangbo to bring Hi-Lead to Nasdaq ?! That brings in a new perspective?

It doesn't make me more positive on the future of Jiangbo. Appearently priorities of Mr. Cao have shifted...

Visit the website of Mr. Cao's priority nr. 1 or is it nr. 2

I have read it, don't know if it is true, I think it could be. I am keeping my fingers crossed that Wubo Cao pays enough attention on Jiangbo. It makes it even more clear that we need a new COO. Who can take control and make Jiangbo meet its deadlines etc. There is work to be done!

Like info from the source directly? Try:
Wubo Cao on linkedin don't know if it is the man himself...

I have said before that I have been looking to exit at a shareprice around $40. In the past few years, since 2007, I often thought we where going to get there soon, other times I realised it could take a lot longer than we all thought. I have the time to wait so that is okay.
We need a couple of things to make it come true: real growth and uplisting. To reach growth we need new drugs / acquisition / new factory / ... (fill in the dots yourself). The company seems to be working on all those issues. For now I assume everything will workout fine, it just takes more time then Jiangbo and we or I estimated.

Below I have worked out a table to see what we need (revenues, profit) in order to reach a shareprice of $40. As you can see I used two differents sets of variables. It is clear we need a lot of growth the coming years to reach my goal.
I used the maximum amount of shares, and thus assuming warrants will eventually be excercised and debts converted.



Don't mind the year 2013, could as well be 2011 or 2050, who knows?

Comments are very welcome !

I do think that coming 2-3 quartes Jiangbo should start proving they can deliver what they are "promising": uplisting, acquisition. Growth can take another 1-2 years I guess, since we still have no news on the 3 drugs in the pipeline.

It is not that it is such an awfull post, but I deleted it myself because I don't think it adds much to the discussion, but I've put it back, so read for yourself.

Have yourself a nice weekend too!

(Maybe it will all look better next week, who knows)

FWIW I will not add anymore. Loosing faith.
Keeping fingers crossed on uplisting, that should help me keep faith that they can deliver what they say.

I have changed my mind on exiting. It is clear that this year really has become a transitional year. I will not be surprised if we continue to drop even further. I know, we are almost trading around cash. But who says cash will stay where it is now ($88M), they even might be burning some cash in the next quarter(s): maybe building a factory on the land they purchased rights of.
Still no new director, abandoned LFAA, again no definite clarity on timeframe of the other 3 new drugs. What is Hongrui really going to contribute: 1-2-3 Million?
We have no real indication that we can expect substantial growth in the next year. If there will be growth it will do nothing for pps, because a lot of shares will come into the float (debt/warrants).
I thought they guided a little conservative but that is not true, they are guiding realistic. See revenues, see profits, see uplisting.
I guess this has become a loooooong-term investment for me. I think this company will do well eventually, but not especially on the short term. No decent pps (+$35) to sell at before 2013-2014 I think.

Been reading a summary from someone on the yahoo-board. Noting really new came from the conference call.

Read for yourselves if you like
Read here

Don't know if it's true, haven't listened to the CC myself.

Looking at today's pps I guess that the conference-call didn't bring much...

I suppose I should have bailed at $14...

If one of you is going to join the conference call: I would appreciate it if you gave a short summary here! Thanks in advance.

Micro, would you care to explain how you come up with your expectation of $40?


Early in 2008 I made up this thing. Man, was that wishfull thinking, but at that time I really thought it was possible.

I think we are where we are because of this number of shares short. Those shares were sold short in the period that pps was climbing ($11-14). In the last few days since the numbers on Q2 got out we saw a total volume of 100k shares traded or so ($9-10). I think / suspect marketmakers to have used this situation (disturbance on Q2 numbers) to bring down the pps and thus make it profitable to cover the shorts. Proof would be to see that the number of shares short has drastically been lowered. But we won't know that until March 9th or so...

I admit that the predictive value of the number of shorts isn't worth much. Esepcially because of the fact that it takes 10 days or so before the numbers can be found on the internet. But it could help predict the rise and fall of pps in hindsight.

Short interest per Feb. 12th was 59,500 shares an increase of 18% since Jan. 29th, my guess is these shorts have been covered in the last week. But we won't know for sure untill the 9th of March when the numbers per 26th Feb will be out.
Look here and here

Ding dong, ding dong,

Did you guys hear that? That was the bottom-bell. We can buy now and continue the uptrend...

All the best to you Bigplay. Are you considering a re-entering or is the good-bye definite?

Things COULD change rapidly: 25th of Feb. 2010 they hope to have solved the cash problem with regard to paying Pope the interest. Before 15. of April they guess they can be uplisted, else they will have to pay a fine to Pope. Let's assume they only make such a deal if there is reason to believe they can get listed on Nasdaq before that date...

I don't have the ability to trade: my timing is bad. So I'll just stay a buy-and-hold investor. (For now...)

_bbb_: have you practiced what you preach? Sold your shares at 14 and will you be rebuying at 9 or maybe 8? If so congratulations, you deserve it.

Any other firm would have used their land-right-purchase to bring out a PR and emphasise possible expansion plans, but not Jiangbo and/or CCG...they let it surpise each and every investor (but Pope) and that, amongst other things has gotten us where we are now.

I really don't know what to think of that? Is that on purpose or is that foolishness or what is wrong here...

Have we bounced off $9 or will we go even lower