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Why no PR?, well...
Since the Promo in June failed there might be plans to buy back all those shares that they increased. or reverse split to reduce the A/S count. So why release any press until they agree with the strategy.
IMO either way you look at this company it is for real, thriving and will continue to come up with new innovative products.
This could be the best kept secret we are sitting on.
Would it surprise anyone to be over $1.00 be year end. No, whats surprising is it is not over $1 already.
My guess is they are coordinating a PR with a conference call.
JACKPOT! Load the Boat! So to recap. We are sitting on an amazing audited just released financials. Xinde is sitting at a PE of .5 and no one knows it YET!
Did you notice the best part of the 10k. The delay of releasing the financials was due in part to the third party audit. On the bottom is the written statement that the financials were Audited by an American Legal firm.
http://www.cpaweinberg.com/about.htm
"audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Xinde Technology Company and Subsidiaries as of June 30, 2011 and 2010, and the results of their operations and their cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America."
I didn't see anything on the Reuters yesterday nor this morning AND the 10k was released. 10K is amazing. Based on the 99% increase to 30 mil in profit. Apply just a PE ratio of 1 the stock should be trading at .12. As I mentioned the PE should be at least 7 which would bring it past .80.
Eventually the stock will be noticed and lift off. If not then keep buying. The best way to describe it is that this is a diamond in dog poop. You walked by it and saw it. Noone sees it yet but you. But you don't want to touch it. When volume starts to pick up and people start chasing it you would of wished you grabbed onto this loaf with two hands.
Go WTFS!
Here is my take. The company is projecting neg earnings for 2012 and 2013. It reports earnings end of Oct. which based on poor gaming revenues people will dump rather than accumulate. I believe this stock will continue to slide down to $2 or below.
This downdraft will be due to the upcoming consumer reports which do not look too rosy. My guess is that this is going to be a bad shopping season as unemployment remains over 9%, unemployment benefits have ended for a significant number of people, Avg Salaries have declined, home values continue to decrease. It comes down to less people consuming with less disposable income. And credit cards have now become either maxed out by some or cut up and are now taboo for others.
BUT that is not to say this stock will not bounce here and there for a nice profit for flippers. But the waters aren't clear enough to keep anything retail for Short or Long Term.
I would watch the RSI on this one to find an entry with a tight stop loss.
My only positive spin I can put on that is that since this a Chinese company they wanted to publish a corporate profile from an American Marketing agency. Plus even at .70 when they first promoted the stock the volume was next to Nil. So maybe they got the bright idea to increase share interest and volume so they will eventually meet min volume requirement for a more credible trading forum than the OTC market.
All I know is that the promo failed in share price and maybe in volume too. But I am waiting patiently for proof of a real company behind this and for the whole world to see it.
I don't see tomorrow as the deadline. Where is that published? I do see by sometime this week based on previous filing dates.
I would love to think that MGT takes into consideration the current stock holder's views. But the fact is the ball is in motion and I don't think they will change their minds and take the loss on legal fees filing with the SEC to deviate from their master plan.
That is not something I am going to bet on now. I don't subscribe to pay and pray trading strategies.
Id rather wait for the decision to be made first before investing in a risk that contradicts corporate objectives.
Like I said before. Love the product and know it will make a difference in the future but Entry is crucial. So why buy when the supply will increase 5X two weeks from now. The risk/reward doesn't make sense.
Lets do some forward thinking on the 2 bil New shares that WILL be authorized. Whats the reason why? Raise capital from new investors for production start up costs. Whats the best method? Paid Promo.
IMO - We are sitting on a pre-promo. But the 2.5 B S/A when it goes promo will make this a quick P&D. That's too many shares for the Float to be taken by Serious Long Investors. The promoters will be quick to sell shares to get their money. This stock already has bag holders. I wouldn't want to be in any promo with 2.5 Billion Shares out there ready to flush the price any second.
Love the company, product and market. Hate the Mgts decisions and treatment of current shareholders. They are out for Start-up cash and going overboard with the authorized share size.
Good luck to you all but I wont be getting in until the price is below .002. Which it will be after the 2B approval.
Simple Math.
With 2.b bil in O/S
Current Market Cap is .0036 * 2.5 bil = 9 Million
Over or Under Valued? Market is telling you it is OVERVALUED!.
Originally I was going to pick this company up around here. But I won't until the market changes its mind. Still a lot of bag holders.
If they sell the 900k worth of product in 1q 20012 then we should be at a 3 mil market cap which is .0012.
Mgt needs to prove its marketing and manufacturing capabilities at this point. Right now there is no transparency so blind investors go with the trend.
The main issues that feeds on itself is the fact the promo failed dropping the stock price from the .70 range three months ago to now less than .07. This left a lot of bag holders which naturally puts downward pressure on the stock on any rise in price or panic in he market. The company happens to be Chinese company which are well hated which taints investors buying into this company with a declining stock price. The Q should be released soon but with no PR in a month and no transparency the stock price is a falling knife.
As long as the Q comes out before the end of the month and it contains positive earnings and shiny forecast I have no doubt the stock will pop in price and buyers come rushing back.
IMO this stock should be back to .70 range at least. Realistically the stock price can move to at least over .14 again on solid financials.
AS I mentioned before. They look my 1.7 million shares in two days at .002. I been holding for 10 years. I can only guess it was a liquidity requirement that the MMS had to grab shares since there were no other sales. But who knows. But I doubt this company will do anything but stagnate.
I still think this is setting up to be promoed. The huge share increase will be needed to draw capital for mass production costs. My guess is Dec or as early as Nov a large promotion will happen.
I made money on this one but a promo will be sweet. Not picking up any shares here until boredom saps the price down to under .0035
Insiders - I can only huess that they are the Promoters paid in Shares to promote the stock. Who knows if they completed selling off their shares but they were all paid in the millions. Thus is why the stock is having such a tough time to lift off after the flush from .13
A lot of exposure will be on VTRO in the coming week when they go to the conference. Anything under $2 is a buy IMO
I had someone who speaks Chinese call the company. Good news is that someone is there to pick up the phone. Bad news is that they won't release any information. That is to be expected. The most he got out of her was that the company was doing very well.
For what it is worth, I tend to believe the next filings will tell the story of where we are going. Honestly I think we should be over .70 which was before the failed promo even started.
But the market is still sore on Chinese companies which might receive the financials with a deaf ear.
Maybe, just maybe we get a nice bump and volume will follow to make a nice momo out of this.
For now, If we dip into .07s I am loading the loading the boat and avg down so anything over .09 will be gravy.
Its sad this legit company is suffering from the fraudulent undertaking of a few others.
I have been in QPRC for 10 years. Every now and then I throw a GTC order on the ASK. First time ever the MMs took my shares with glee. Makes me wonder, did they do that for liquidity requirements or is something happening. Ask is now 40% above my sale price.
I second that, HMMMM remark
Capitulation?
Lesson #3 - Never buy after the flush on a promo.
This POS is in Free fall with too many Bag holders pushing the market orders. It is an exact replica of the chart from GGRI. Too dangerous to day trade this now. I basically broke even on this thing holding 100k shares as lottery tickets.
At this level the company has no alternative but to dilute shares to get any production funds.
This company is a long way off from making the revenue generated from the solar panels. Its still getting pricing. Hitting a 52 week high is not a positive as an investor. Long term this company has potential but the here and now is "show me the money". The momo play failed this morning so its back down for the short term. Looking forward to play this again but the news clinched that progress is slow. We are looking at late 2012 if anything happens at all.
I drank the cool aid on this one but got out with a profit when the chart told me different. Its the dilution I worry about and they can dump their shares at any time to get money for mass production. IMO - They need a paid promotion. My instincts tell me they are increasing shares for an upcoming PAID promotion. If that is the case we will see us surpass .02 and then watch the chart to dump. Meanwhile I am waiting to load up under .005 which happens only in time. Patients is rewards. Haste brings waste.
Shorts are gonna cover before the weekend. I agree this could pop over .05
Key observations.
Shorts in full force on the boards as they load up above .10. Accumulation increasing and float decreasing. Chart healthy and upward trend. Strong PR. Strong Promo. I see this going either way but can't dispute the buying pattern that is holding the price action always above the Low of day and Forming new intra-day highs.
Pressure is mounting and leaning towards a breakout up as Shorts Cover from losses or boredom as new buyers are holding.
Risk/reward is in favor of the buy and hold. Suggesting a breakout is eminent.
Sub Penney is the correct share price on this.
Read their 10Q before Investing:
These are just a few passages taken directly from the 10Q filed May 31st
"Management intends to finance these deficits by selling its common stock."
Common Stock, 750,000,000 common shares authorized
NOTE 2 – GOING CONCERN
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has an accumulated deficit, negative working capital and negative cash flow from operations since inception. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management intends to finance these deficits be selling its common stock.
Whats the Outstanding shares on this. i am getting 400 mil and 500 mil and 1.5 billion??? Anyone know the outstanding shares and float?
Shorts are starting to cover, so get ready for a Gap tomorrow morning.
With over $1 million traded everyday since Monday this stocks got serious players in it. Problem is that there is no catalyst yet. No Promo, No news, no filings. But I have to believe something is arriving in the near future. I saw a lot of large blocks bought on the ASK since Monday. You don't throw 50 or 100k around without doing some DD. Now, its just a matter of how long you can hold your breath until something is revealed. These dips are brought down on low volume so when buying volume returns on this we will gap up fast like last week. But starting from a higher low.
Volume increasing. Possible accumulation and tend reversal.