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You can call them up if you want & ask.
Doomed! How bad can this get? Dismayed with its pathetic performance so far. Seriously contemplating exiting if nothing concrete happens!
Could it be Raymond Chin releasing his own shares in the open market? I know trading in PK is extremely risky but this stinks of a scam right now but I cannot sell it as its still way too low my buying price. I hope that Raymond Chin can come up with something concrete & tangible in terms of projects & future revenues soon so that I can remove the scam tag that I currently have. After all I have a stake in it but if this persists I wish to sell out.
Wow, no trade today! Disappointing if this goes on.
Be Squared,, your sentence is incomplete....check your post again.
But I find PTSH PPS is nothing remarkable with its 52 week high @0.0065. Also, DBYC PPS at 52 week high is pathetic @0.0025. I sure hope MMs are not using these 2 PPS as arbitrary goalposts to meddle with INBG's PPS cos it will sure be disappointing!
The 52 week high is only showing as 0.025 sometime in Dec last year. Not 0.04.
MMs driving it?
Where is the funding for the factory coming from? Loans from banks, if so, which bank? Banks here or banks in China or Hong Kong? Or using equity for funding purposes? Anyone any ideas? I don't recall reading it in any PR or I may have missed that para stating the method of funding.
OK, but still CNN news & NBC Today show from where I gathered the news is that the millions of Chinese have since left for their home counties so no factories or business activities are in operation & it usually takes one more week to travel back from home back to the factories. So, INBG has this factory to acquire then convert to building panels. Presumably, they will need workers to clear stuff in order to start with their new operations. So, there is no activity for now as there are No workers around till perhaps late Feb.
MMs still trying to bring it down. I've got this theory that some of the MMs are from China. Just a gut feeling. What do u think? Perhaps they know too well that its the Chinese holiday season & there will be no news so they will bring it down.
Yes, you are right. All China plays listed here with their main biz in China will not have any PRs from now till Mon 18 Feb. China has since shut down for their mandatory one week public holidays!
No more PRs until at least Monday 18 Feb as its Chinese New Year celebrations in China & Hong Kong. In China there is a mandatory one week public holiday thruout the country from Thurs 7 Feb - Thurs 14 Feb. So you are looking at Monday 18 Feb when the folks resume work momentum. So no news!
Yup, its hard to pick out the lucky strike ones. I do believe in the potential of INBG. Just not able to accumulate more as I do not have savings set aside to do so. But for those who still have some money, you might want to buy into WNBD when there's a dip.
In before 0.003 or just in when its now 0.04? Cos I think its way too high to enter for WNBD now? For INBG, its still OK to accumulate if you want more.
A bit slow mo here. Did anyone buy into WNBD, a PK? The meteoric rise from .003 to 0.4 within a month. If u have bought 1 million shares would be mighty rich by now in terms of $40,000 at least. It was on my shortlist but I ignored it cos it was just a FMCG company dealing with detergents which there are plenty in the market.
Also the WNBD O/S is ENORMOUS, now how did that PPS rise?? So called learned investor flayerfanfart would be WRONG with WNBD if he ever posted there, perhaps he did.
No news releases due to Chinese New Year in China & HK for the next 3 weeks at least. Chinese New Year starts on 7 Feb, China has a one week long holiday beginning on 7 Feb. Also, this is the traveling week for folks headed back home till 7 Feb. See CNN news report on the travel home chaos.
Could be that MMs are in their full swing now taking the PPS down with a few China plays during this non-active period of no news or progress updates till China opens up again.
We will probably need to wait till Mon 18 Feb onwards to see what's up with China plays when the celebration is over in China.
Clap! Clap! Well said! Ups & downs who cares as long as you believe in the POTENTIAL of this company. Same goes to flayerFARTfan, both of them should stay out of this for their health! Let us who want to take the risk ride it out.
Nice volume but not good enough as its sinking fast. Need to get it up to penny level!
So pray tell us how did you derive 0.02 as maximum price as you have predicted in most of your posts here? Full details please since you place yourself so highly on the pedestal of learned investors so that we can all learn form the master! Honestly, I want to learn!
China Residential Mkt Down, Commercial Up. Thought you might be interested to read from the International Herald Tribune dated 22 Jan 2008, INBG should make a concerted effort to move to commercial or civil projects as I mentioned earlier:
Residential property sales fall in Chinese cities
By David Lague
Tuesday, January 22, 2008
BEIJING: As Chinese stocks plunge in the global equity rout, a slump in home sales in some major cities suggests that Beijing's efforts to cool an overheated property market may be taking hold, industry analysts say.
More than three years after financial authorities began introducing measures to discourage speculators and control housing prices, the volume of residential property sales in recent weeks has fallen sharply in some cities, including Shenzhen, Guangzhou, Beijing and Nanjing, according to reports in the official media.
Analysts said house prices were likely to decline sharply in coming weeks if demand continued to contract in these markets.
"In the residential market sector, volumes have certainly fallen away," said David Hand, managing director for the property services company Jones Lang LaSalle in Beijing. "A lot of the froth has been taken out of the hot markets, and that was what the government was looking at."
But Hand and other market analysts say these sales declines are a correction rather than the beginning of a crash or a prolonged downturn.
They note that the commercial property sector remains strong in many cities and expect that the sustained demand for housing from the massive, ongoing migration of rural Chinese into urban centers would prevent a collapse in residential prices.
If the cooling measures are beginning to work, they had little impact on prices in the final months of last year, according to official figures.
Strong housing demand fueled double-digit monthly price increases in many major cities throughout much of last year.
Over all, average prices in 70 major Chinese cities increased 10.5 percent in December compared with the same month in 2006, according to statistics from the National Development Reform Commission, Xinhua, the government-run news agency, reported last week.
Home prices in the western city of Urumqi increased 25.3 percent and in the southern coastal city of Beihai by 19.3 percent. In Beijing, they rose 17.5 percent and in Chongqing, 15.9 percent, according to the commission figures cited by Xinhua.
The property market has been a target for financial authorities as they attempt to rein in a racing economy.
A flood of funds from booming export industries and rising foreign investment has led to a prolonged surge in commercial and residential property development that is transforming the skylines of most major cities.
The Communist Party fears that an overheated property market is encouraging wasteful investment and putting affordable housing out of the reach of working Chinese.
In Beijing this month, local authorities pledged to spend $40 million on rental housing for low-income earners.
Financial regulators also fear that excess lending for property development has exposed the country's fragile banking system to a fresh wave of bad loans.
The vice president of the China Banking Regulatory Commission, Jiang Dingzhi, warned this week that price fluctuations in the real estate market would increase credit risk in the banking sector, according to a statement on the commission's Web site.
"Keep an eye on misconduct and illegal funds flowing into the stock and real estate markets to prevent capital risk in the banking sector," Jiang was quoted as telling a conference of regulators in Beijing on Friday.
If you look at Level 2 quotebook, some are asking for 0.25, 0.38 & 1.04. I think its way too soon for that kind of PPS. It needs REVENUE news plus some China provincial government giving them the handshakes & sign on the dotted line for some civil projects or some huge property developer in China for some commercial projects to kickstart this to that level of giddy PPS!
YOU HEAR ME, Pres. Kenneth Yeung!!!
Raymond Chin, CEO, get the PPS Up with GOOD REVENUE NEWS! We stakeholders are not satisfied with PPS at this level of 3 zeros!!!!!! Get it back to 0.01! Just one decimal zero QUICKLY!!!!
Relatives & close friends of the owner in Hong Kong who are buying it, I think.
OTCBB & PK stocks are immune to the major stock market movements. It only depends on MM momo.
It should spurt UP & UP and not dip back. Otherwise its a very long haul. Come on revenue news & more signed contracts! China is shutting down soon for one week in February during Chinese New Year, get the deals done now!
Hey folks, anyone lives in Hong Kong & care to drop by his physical office to see whether its an office or one of those service companies that only provides an office mailing address, tel no, etc?
They need to make some solid announcements instead of some lame office opening to get the PPS up. Come on, Raymond, if you are reading this, it went to the 3 zeros right after your announcement. Could you ask your MMs to prop the PPS up to 0.01 with some solid revenue making news & I am out!
Did SNRS ask a China farmer to be the Video host of the Cao Tian Iron Ore Mine they acquired in China?!!! The video is on your right hand side of their website which they posted in their latest news release today. Tell me that's a China farmer right and his wife, a woman's voice in the background, telling him to show Raymond Chin where the $$$$$ are hidden in the mine??? LOL
http://www.sunriseconsultinggroup.net/swation.web/?pg=Home
My only regret is that I bought it at a high of 0.007, I should have sat it out & waited for it to fall back to 0.004 to 0.006. Oh well I can't win all the time!
Try not to put all eggs in one basket though its tempting since it is a China play. Find other stocks too with potential. Cos if this tanks bad, hope Not since I have shares too, you need to exit fast or chalk up a big loss, again hope not.
Charts do Not work for OTC & PK stocks, only for blue chips.
MMs not in action. Interesting to see how MMs work, OR could it be the CEO himself Raymond Chin & his subordinates fiddling with the PPS. Noticed that it did not go lower into the .000+, the 3 zeros yet. Seemed like it stalled @0.001. Perhaps, Raymond Chin knows when to propel the PPS up again. Or maybe he & MMs may take it down further, hope not!
My take on this is that Raymond Chin has a hand in the PPS. My selling price is @0.01 & I will be out. I think this is a very reasonable sell price if you look at the historical PPS over the last few weeks beginning from Dec 2007 till now.
The laughable thing about this was that I saw a sell for $1 dollar a few days ago. No way is this going to hit $1 for a PK unless they go for a drastic RS!
One more point to add, this company does Not do biz here, its biz is in China. So, it is immune to all the economic woes affecting us here. They are actually in the frontier land of China if you look at the map. Its in the western part of China where the residential development is taking place in Sichuan. I read somewhere that western China is less developed than the east like Shanghai. Hope they can diversify from luxury apartments to commercial property like hotels & office buildings as luxury market may be reaching its peak in some areas of China.
As you can see PPS has gone back down again to 0.004, damn, I should have waited till today to buy in. So MMs momo is still pushing it down, buy in if you still have money. Hold till there is some revenue announcement. See MMs push it up.
I hold a medium short term optimism prospect for this company till the end of April 2008. Hopefully for the best in PPS to go up between 0.15 to 0.20.
INBG needs to show revenue to get MMs worked up on this. Time not right yet. Piggyback on MMs when time is right. MMs know how to play this game better than retail investors. Just watch their momo. Ignore TAs as it does not work.
I'm in now. I initially wanted to go for 0.006 today, then changed my mind & went for 0.007 instead. Could have saved some money if I stuck to my original 0.006.
Yup, 0.20 is still my gut feeling. If you look at CWLC, it peaked at about 0.20 in early 2006, also lots of MMs & share dilution for CWLC. This stock was riding on the China tidal wave, MMs in, all retail investors just piggybacked. I did this with CWLC & got out just in time when MMs pulled back with a nice profit. You should take a closer look again at all those stocks I mentioned., CWLC, CHHL, AAGH, WWEI. ALL China plays, lots of share dilutions & lots of MMs- recipe for short pump & dump. As I said don't stay too long holding it.
To heck with share dilution & all technicals. As I said before technical charts have no play in the OTCBB & PK stocks. If blue chips stocks yes, but for this type of penny & sub-penny, no way. Its ALL down to hype & MMs momentum.
So for this very reason its a very short term play as with most OTC & PK stocks. Some truth in what you said. Yes, you can make a profit but don't stay too long with high hopes that it will go to one dollar. My gut feeling is that it will hit 0.20 & then plunge. I had played with China stocks & most seem to do that kind of thing eg CWLC, CHHL & WWEI just to name a few where over the last one to two years it has since that type of price rise.
Charts have never worked for OTC & PK stocks based on previous experiences. TA for Blue chips stocks yes. TA for Forex trading yes. But not on penny stocks cos its the MMs who do the manipulation. So, if the MMs sell, I'll follow them. If they retreat, I'll follow them. Still not bought into it yet, taking a wait & see attitude.
Is the management team the same as the one from the Motorsports Emporium? If it is, then they may not have much expertise as they were not successful in their previous roles to bring in revenue.
So what makes them think they can be successful with this industrial light panel technology?
Still 50-50 about buying into this.
Very hard to buy into this. Hard to buy into 1 million shares in one lot. Don't like buying it in bits & pieces as it becomes more expensive with the commissions added for every trade. MMs keeping retail investors out. No match for mine. It rises & falls fast. Its the MMs at work on this. I don't want to buy in now at 0.003-0.004, rather pricey for PK without any revenue to show!
It will go up much higher I think, then fall again if you look at the historical pricing for the last few weeks. I need patience, patience to catch it at a lower price.