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The decision is ours whether to increase the O/S thus giving S3I more money to accelerate the business or not which would mean that we will have to wait for a few deals to close and money to be realized before we can bring companies to market in China and to reverse them into the U.S. market.
You guys can bash the Bickels all you want but it sounds like the supply of Sino and Redwood deals are too plentiful for S3I's capabilities. S3I just can't do all the deals they could if they had the money to do them. S3I has more opportunities in front of them then they can handle. They are growing too quickly which by some strange reason makes some people pisssed off at management.
S3I is giving us the chance to decide whether we want them to grow quickly or gradually. I don't see the negative here. Since we don't like it at this point, we will be voting no. If they show us some reason to vote yes, then we can vote that way. There's nothing terrible in any of this since nothing has happened. S3I is telling us what they need to grow the company quickly and we have to decide if we want that. I don't see the problem.
I can see a problem if you aren't on the side of the longs and have no decision. Too much business is bad for your side.
Everyone who's long is in the driver's seat. Everyone else can continue with the nonsense in the back seat.
Sloth
Well the reason so far doesn't sell me:
"Specifically, SINO UJE has a large number of pending orders that, with the proper capital resources, would allow it to significantly increase revenues and profitability in a much shorter time-span than would otherwise be possible..."
I think everyone wants revenues to grow rapidly but an extra 3B shares would not benefit the shareholders. The amount generated from the sale of those shares would only amount $3 million+.
Has anyone tried calling or emailing EquitiTrend, that pump and dump outfit (LOL), yet? I wonder how their response will be?
Sloth
When we were discussing Abexis at the shareholder meeting, Jim said that they only thing that would ruin a partnership with Abexis to market into China was if Abexis was aquired by another company. Now, I don't think S3I could even think of acquiring a company since 3B shares is only about $3 million plus. I'm not the most business saavy but could there be a possibility to buy enough of a controlling interest in Abexis as to safeguard any S3I future investment there?
The items on the proposal are all things that indicate S3I's need to accomodate their growth. They must know that diluting the shares will not pass without some solid business proposals. We, the shareholders, are in the position to decide the direction so we will need to be sold on these proposals.
I am like you RJ and believe/hope there are some possible exciting reasons behind this. These are things that will give us some good discussion miles on these message boards. Of course, we will have to weed through the garbage to find the them.
I'm anxious to find out what they have up their sleeve.
Sloth
I don't know what to think at this point. It doesn't mean they'll get the increase but they should have a good reason as to why they need the extra A/S. The other proposals sound reasonable and beneficial. Hopefully, the increase has something to that nature behind it. I really have no idea about why. I will wait to hear more on it. There's no need for panic since we have to vote for it and that's not til June. I will try to attend that meeting as well.
Maybe there's some need to fund the Abexis medical device that was discussed previously. Jim had indicated that we may need to supply some funding if the picolo device was to be marketed in China.
Again, I'm not sure and will wait for more info. I'm not sure as to who to email at this point in time.
Sloth
Scoobey, sorry to inform you of this bad news.
Your board is infected with cancer. It will need to be cut out or it will die.
Sloth
I would imagine that the 1 million figure that I heard at the shareholder meeting was with regard to how much the FSIN stock was valued. This falls in line with the high six figure estimate he gave when indicating how much S3I receives in stock from the RTOs. Again, I don't remember exactly but if we were to receive $1 million in FSIN's stock and it began trading at $5, that would be 200,000 shares of stock. Anyway we look at it, I believe these RTO stocks will do well especially if they are offered on a secondary listing to a bigger exchange.
As far as the bashers now coming over here, if you can't see an investment opportunity with S3I then I guess you just won't see one ever. Hopefully, we hear something soon from EquitiTrend and see how it all looks.
Out of town today but I will try to check in later,
Sloth
At the shareholder meeting, Jim mentioned something about Dalian but I can't remember exactly what he said. I know he said that the stock was restricted for about 3 more months and I vaguely remember him saying a million something. I don't know if it was a million shares of FSIN or the shares were worth $1 million.
I know that doesn't help too much but that is my recollection. I think these shares in the RTO companies will payoff handsomely in the future. Eventually, shares of differing companies will become unrestricted throughout the year which will mean a continuous influx of revenue. This is just one of the revenue generating aspects of S3I. This is on top of very low operating expenses. The numbers will look real good if things go as planned.
I can't wait to see what this company will look like in a year's time.
Sloth
Hey all. Just got to thinking about stock flipping and remembered I had read a book a while back (How to Make $1,000,000 in the Stock Market - Automatically!). I actually read it twice. It has some semi-complicated things but nothing too demanding. The guy who wrote the book, Robert Lichello, came up with a system which tells you when to buy and sell your stock or your portfolio of stocks. The main criteria of the system is that it must be dynamic (move in price a lot) or it won't perform as well.
I actually made an Excel spreadsheet to do the calculations that he gives. It's all real basic math. I never tried it but the book only costs $7 on Amazon. I think it's a great idea and for those that like to trade frequently based on stock swings, I think it would work great.
The only thing with it is that it is based on the stocks pps. It ends up triggering buys and sells when the stock moves approximately +/- 10%. This works alright if you have a normally priced stock or mutual fund but with a stock such as S3I, it moves that much with one tick. You're also only supposed to do it once a month but it could be done much more often for a more volatile stock(s).
I thought I would throw that out to all of you. I would highly recommend the book. I will use it but not with these pennies that I've got sucked into as of late. I like to gather all the knowledge/information I can to give me an edge. Hopefully, it may give someone else the possibility to become a millionaire. In one of the testimonials for the book, one guy made $2 million.
Here's the Amazon link to the book for anyone who cares,
http://www.amazon.com/gp/product/customer-reviews/0451174534/ref=cm_cr_dp_pt/103-9125053-5109409?%5F...
Sloth
Lucyinthesky, no exception at all. Everyone can trade as they wish. My only point being is that many buy stocks because the price is low. That's no good if the stock is no good. It's better to buy a stock with good fundamentals at $1 than a bad one at .01. Of course, there are many factors that attribute to the pps other than fundamentals. Just look at the dot com buying frenzy just before 2000. That's why TA analysis does not always work real well with penny and sub-penny stocks. You go down one tick and that's a 10% to 20% decline in price. The charts are all over the place. Normal (Nasdaq/Amex/NYSE) stocks don't fluctuate with those kinds of swings and percentages (at least on a daily/short term basis).
I'm a little disturbed when I hear posters talking about S3I's TA not looking good when the pps goes from .008 to .0032 and then back to .002 in a few days. This is like a 400% increase back to a 200% increase. What larger market stock acts in this manner. Forget the TA, this price tells me it's a drag car revving the engine jumping prematurely. Let it settle back down. I know the potential. I don't need Googleaire's momo to help me.
I'm just waiting for our number to be called and the light to turn green.
Sloth
Lumik, I got your IHUB email. Unfortunately, I don't subscribe to IHUB so I can't email you back. You or anyone can email me at jhb420@excite.com. This is my everything email so be sure you put S3I in the subject line because you know how much crap can accumulate in those emails.
Getting a group such as Equititrend is a very good sign. Companies that aren't growing don't need such a firm. Again, we are at the ground level of an investment that has a good chance of becoming a very large, profitable company. S3I definitely needs exposure to the masses to get more investors and I can't stress that word "investors" enough. The true investors in S3I just need to be patient and refrain from focusing on daily pps. The pps will fluctuate but eventually, if S3I is taking care of business as I think they are, it will stabilize. I would love to see S3I do a secondary listing to the Nasdaq or Amex but I would hope they could do that without the RS. There will continue to be rumors, conspiracies and all the other B.S. that these small stocks get.
These stocks are easily made to look like bad investments. They're speculative. They're risky. They aren't established. Most who invest in these stocks are looking to make some huge returns. I am one of them. I am looking for stocks that are becoming established and conducting business like responsible companies. I think S3I is doing these things.
Getting Equititrend in part of a strong gameplan. I can't be certain but it sure does seem that S3I is getting their team ready for success. That is what I want from a company. I want them doing those things that allow them all the opportunities to be a great success. This doesn't mean they will be but they are planning for it.
Also remember that the Q coming out in May will be as a BDC. I'm sure we will hear everyone bitch and moan about that.
We need to be realistic with our progress. It will take time. Hopefully, it happens sooner and I'll be pleasantly surprised.
Sloth
I think some of the lack of communication has to do with switching to Equititrend. It sounds like they can definitely help S3I market themselves. You have to remember that S3I is a consultant to the Redwood clients. These companies like FSIN will contract investment banking and investment relations firms to facilitate their success. It's also possible that Equititrend will be working with these reversed companies. I guess it could be possible for the S-8 shares to be used to get Equititrend rolling with all of this. We will have to wait for more information.
FSIN's shareprice has been increasing recently. S3I owns a good chunk of stock with them as it will with all the RTO companies. Equititrend may also be working with those companies. S3I is setting themselves up for success I believe. It sounds like they are making some strategic moves.
As far as the Form S-8, I don't know. Jim said that they had some great employees working for them in China. Whether those shares are to motivate them or not will be revealed later I hope.
People have been all stir crazy lately. I cannot believe the unrealistic expectations of some. Did people think that withdrawing from the BDC was a magic wand and when waved the company would be perfect. Let's face it. We're at the ground level of a possible great investment. I guess you could say that about many penny stocks but S3I has come from absolutely nothing in late 2004 to a well established REPORTING company that is generating profits and expanding business.
Why did people get into S3I? Because the pps was low? If the pps is your only reason with buying or selling this stock, I believe you are being misguided. If you believe that S3I owes you something, you are misguiding yourself. I would be angry if S3I had been doing business as they are today for the last couple years and were neglecting shareholders.
There are so many positives regarding S3I that I can't imagine being disgruntled. The pps will fluctuate not because of S3I's actions but because of shareholder's actions. Just read the posts of the supposed shareholders. I'm really tired of people not able to see the long term possibilities through the pps. Nothing has changed radically. All of these penny, sub-penny stocks are risks just as Microsoft was a risk when it was started. I am by no means equating S3I with Microsoft but I think you get the point.
You get people expecting from these tiny companies the same as they would from a fortune 200 or Nasdaq 100 company and suddenly the masses are looking for rope and a horse to hang the management. These people are really insane and should never put their money into these penny companies. I was going to say "invest" in these penny companies but there are few that invest today.
I am very excited about S3I's future.
I had to rant a bit. Some people pisss me off.
Sloth
Received email from IR today. I'm not going to even post it on RB. That place is a waste of time as well as reading what other's post there.
XXXXXX,
We completely understand about the feelings of shareholders with the recent
silence. All we can say is that the Company intends to begin releasing
information again in a more consistent manner. There are things to say,
there will continue to be things to say, and we will have to leave it at
that for now. The information should include updates on Redwood, SINO UJE,
S3 itself, and maybe the S-8.
We wish there was more to say right now.
Public and Investor Relations
S3 Investment Company, Inc.
Investors 951-587-8072
SEIH Corporate Office 951-587-3618
Dave, I'm not 100% sure but Jim said that the shares would become unrestricted in a couple of months for Dalian. They're restricted for 1 year from the time of the reverse. He said that the shares' value is in the upper six figures so obviously that figure fluctuates with the shareprice. The equity (shares) in these reverse mergers (RTOs) will be consistently valued in the upper six figures at the time of the deal.
They will be able to sell those shares immediately as far as I can tell when they become unrestricted but much bigger money could be realized if the company is uplisted to another exchange. This is called a secondary listing and is similar to an IPO listing. One of the great things that the withdrawal from a BDC does is that it allows S3I, investment banks and investment relation companies to promote the stock. I doubt they are promoting FSIN right now since we just did the proxy but I would imagine that it will be promoted soon. Jim said that S3I receives consulting fees from these reversed Chinese companies. These fees are split with the banking and PR people.
We are just beginning the process of reversing these Chinese companies. Eventually, shares will become unrestricted on a consistent basis throughout the year from the previous year's deals and provide an excellent additional source of revenue. It will be a revenue generating machine in a year or two.
This is all my opinion of course.
Hope this helps,
Sloth
Scoobey, I'm not much of a projector of numbers but according to Sino there is gross revenue of $300,000 per month. Over 12 months, that would be $3.6 million. 51% of this is $1,836,000.
A conservative estimate for Redwood would be 3 RTOs this year. I will say that we get 150K in cash per deal (also conservative). Jim said lower six figures. That would mean 450K in cash. We also get upper six figures in stock which I'll say is $750K per deal which would be $2.25 million. So added up that would be $1.836M from Sino and $2.7M from Redwood for a total of $4,536,000 million in gross revenue.
What do ya think. Am I calculating this kind of close? Let me know. I know this is very, very conservative because all of these figures will be growing substantially I would imaging over the year. Also, the Dalian stock will become unrestricted so who knows with that. I hope they hold most of the stock to try to make big bucks for a secondary listing (uplisting to another exchange). I think some really big money could be generated from the equity in these reversed companies. Once things get rolling along, this could be a cash generating machine year over year.
A couple of points. I believe that there are many day traders in sub-penny stocks with S3I included. It will be volatile until we get the pps up where it costs a bit more to trade it. Once we get the price up a bit and stabilize it, that will be the real time for pps growth. This is a growth company. We are just beginning the growth and have a very stable foundation.
S3I is very, very lean. It only has two employees here in the U.S., Jim & Chris.
These RTOs and Sino deals will just start adding up here very soon. The employees of Javelin handle everything for S3I. These guys are sharp, respected and experienced. A stock trading at sub-pennies and having this type of advisory group is amazing.
Investors in this stock should embrace a long term position here. Once Redwood and Sino develop a bit more of a reputation in China, forget about it. This is just starting! People can flip now but I am an investor and that is how I make money in the market. S3I is an investor in these Chinese companies that will do RTOs (reverse merger) into the U.S. markets. These aren't five and dime companies being reversed here, they are established, profitable and experienced. We will own shares in these companies which, when they are unrestricted and we decide to sell, will bring in large amounts on money.
Xingye Copper is a situation where they met the Gold Standard and decided to restructure their business. This is not bad DD on S3I's part, it's a last minute change on their part. It's not dead, it's only at a point where S3I has done what they can do and now it's up to them.
Jaso is similar. We are waiting.
We have a lot of irons in the fire. The employees in China are smart, very sharp people. Some are like MIT type smart. They are bringing in these companies and we are setting them up. Who knows how many RTOs could be possible in 2007 when we establish a reputation in China.
I hope people don't get too caught up in the fact that there won't be a share buyback. This is a non factor right now in my opinion. I want this company to be the shi t in China. We, as shareholders, won't be worried about share buybacks if the ball really starts to roll with these companies and we get super cash heavy.
All is my opinion but I'm excited as H e l l of all of this.
Sloth
My notes from Shareholder Meeting:
Costs about 30-35K to do a proxy
The term “Gold Standard” is an S3I term for companies which are considered for a reverse merger. It consists of a list of requirements that helps assure that an RTO (Chinese term) or Reverse Merger (U.S. term) will be successful. These Gold Standards require the Chinese company to be very successful and profitable. S3I is trying to build Redwood a reputation as a company that has remarkable success in RTOs. Jim Bickel wants to be right “every time” they do an RTO. The quotes are for his words.
The RTO costs 250K for the Chinese company so only profitable, established companies are being reversed into the U.S. market. The initial fee for the RTO is 50K and the remainder is on a payment schedule. These are for S3I/Redwood expenses to get it in the works. The 250K is not for profit but for expenses so these Chinese companies have to be serious, successful and dedicated about doing it.
In addition, S3I/Redwood gets a “Success Fee” as payment which is in the low six figures.
We also get equity in that company (shares) when reversed into the U.S. market. These shares amount to a high six figure dollar amount. These shares are restricted for 1 year. The Dalian shares will be unrestricted in several months. S3I will make a decision after they become unrestricted whether to hold the shares or sell them. The great benefit of holding the shares is that the company may try to become uplisted on another exchange which is called a secondary offer. This is much like an IPO type situation where the stock could appreciate considerably, making S3I’s shares worth considerably more.
We act as a consultant to these RTO companies and receive fees for this which are shared with Investment banks and Investment relation companies.
The Dalian deal took 6 months to complete. Jim said that 4-6 months is about the average time to complete an RTO. They said that they could shave off 2-3 months when the process becomes more fluid.
Q: Will SINO and Redwood delay the payment of their loans to the parent, after S3 becomes an operating company, or will S3 take the funds to acquire additional China subsidiaries?
They weren’t sure at this point. They said that that is something that will have to be determined.
Q: When S3 begins a stock buy back program, will the shares be put in treasury for possible future use for investments or a management stock option plan or will the shares be cancelled?
The company has no plans of doing a share buyback at this time. The reason that the company will not do a share buyback is that they don’t feel it would add shareholder value at this time. Since many of the expenses incurred during the RTO process need to be paid by S3I initially before they are reimbursed through the payment schedule, the company must utilize these funds to grow the business. They believe that a share buyback would temporarily and falsely inflate the value. Jim Bickel’s big goal is to grow the business. He is focused on this mission. They want to get these companies, like Abexis, that want to get their product in China and get them set up to start selling it in that huge market. We have many companies being considered to do this. We must have the finances to do these things. However, they said that if they did do a buyback that the shares would be put in treasury.
Also, the unelection from the BDC allows S3I to get institutional financial backing to support these big deals in the future. I have to completely agree with him as I’ve always indicated on these boards that S3I needs to build the busisness into a powerhouse and worry about reducing the shares when they are very well established and have many companies bringing in multiple orders for Sino and getting multiple RTOs under their belt.
Once Chinese companies realize that Redwood is the company that will “absolutely get the RTO done”, Chinese companies will be knocking on our door rather than the other way around. Jim has a big view of things and is looking to build that company image in China that is synonymous with success. Other competitors to Redwood have about a 70% success rate. S3I has studied those deals and found the reasons why the 30% have failed. They have used this information to set some of their criteria for the “Gold Standard” that I mentioned above. They are diligent and working to improve the RTO process and ensure success.
Q: Assuming the BDC withdrawal is voted affirmative, how soon can investors expect to see real operating numbers for SEIH and its subsidiaries or at least numbers on a pro-forma mid term basis?
The 10K should be out in September which will be consolidated for all companies.
The next 10Q will be as BDC. That is the last before the 10K.
They would like to put out proforma numbers to show to investors but it’s complicated since they have to coordinate with China and all the auditors. They would like to do this ASAP but in reality I wouldn’t expect it with how much work seemed to be involved in getting it all together and since the 10Q will be around May.
Q: How is the Sino/GreCon partnership going?
S3I has a minority interest (S3I owns 40%) of Grecon.
It’s considered a Sino asset. It’s a (WOFE) Wholly Owned Foreign Enterprise.
Grecon makes sensing devices to measure moisture content.
There’s none of our staff involved in Grecon. It’s an extra, independent thing.
Grecon is a German company who wanted to distribute in China. Since the Chinese will only deal with companies that are located there, S3I leased buildings in China so that Grecon could assemble devices and distribute there. We provided funding for 40% of company. S3I has not made back money yet but will be making money on it by 2007.
Grecon is doing very well in China and will be a good revenue source. They were very happy with Grecon since it’s one of those deals that they help set up and now just collect 40% without detracting from other business.
Jim indicated there are many companies looking to get into China and with whom S3I are talking. There are some big opportunities to bring products to the Chinese markets. The possibilities seem endless. China is very particular in their products. If a Chinese company buys a high tech product, they don’t want to have to call Germany to get service for it. They won’t do it. That’s why we set up these companies like Grecon in China with the facilities to make the products. Mostly it’s assembling the parts in China from parts made elsewhere but the companies that buy these products through Sino have the support and technical assistance in China. This is very important to the Chinese and if not “the reason”, it’s one the biggest reasons foreign companies cannot get into China with their products. This is the beauty of Sino.
Q: How many new Redwood clients could possibly be brought through the total reverse merger process this year if all goes very well?
Well, the PR covered this but I know they are being very conservative with their projections. They indicated 2-6 in pipeline and 2 or 3 closing. One should close this month.
Q: What is the current status of Redwood clients Xingye Copper and Jaso Holdings?
Xingye Copper is doubtful because they decided to keep their property management part of their business separate from the other businesses which is construction and a couple of other things which means restructuring. It was initially set up for 5% stake in stock but since they want to separate them it confuses the equation. Jim said if they can get it together then we will do it but he’s not too optimistic. Jaso Holdings has a 50/50 chance he said but I can’t remember exactly the issues. I can’t do these topics too much justice. He explained them but I didn’t take good notes
Q: Is a $400,000 order about average size for SINO or is there potential for an order to be significantly larger?
As the PR said, the average size of the deals are between 30K and 50K. The $400K deal was big Jim said.
I asked if they had any intention about buying more shares personally and they didn’t. They had preferred shares and said that they were working to increase the share value so that their preferred shares would be valuable.
I didn’t get any info on YaSheng.
There are approximately 80 employees in China. Not all are payroll employees.
All the employees are 4 year college graduates. They are all very sharp people Jim said. Many of these people are working to find companies that fit the “Gold Standard”. He described them much like I would imagine a baseball scout would scout new talent. They are constantly looking for companies to do an RTO.
They spent a long time anwering my questions and Jim really was personable. He spoke about Chris and his family a bit so it wasn’t all just facts and numbers. I told him we all appreciated his hard work. He spoke of Chris and said that he spends about 70% of his time in China and he has 5 children. Jim is hoping to grow the business so that Chris can spend less than 70% of his time in China.
Let me know. I tried to get this out before I left work so hopefully it makes sense.
Sloth
I'm busy at work tonight but I'm trying to finish it up so I can post some tonight. If I don't get to it at work, I will try at home tonight. I haven't forgot!
Sloth
I posted this also on RB
I know many of you are waiting to hear what I have to say about yesterday's meeting. I am going to wait for them to address everyone publicly. They indicated they would be releasing something. I think it will be today but I can't say that for sure. They were very accommodating to me so I need to extend that to them and allow them to release something publicly before I go over what we talked about. It's nothing secretive or anything. I believe it's just that they want to tell you rather than have some shareholder write it on a message board and possibly misspeak about that information.
Like I said before (my disclaimer), I'm not an expert on all the complex topics related to S3I but I did the best I could to gather that information. There's others on this board that are probably much more qualified to ask and understand these things. I took notes as much as I could without concentrating on my notes more than what was being said. I'm sure I missed some things. I just want to give the professionals the courtesy of speaking before the novice. I don't know if they will address the topics of the questions asked at the meeting but I will give them the opportunity to do so before I do.
I felt great after the meeting and very positive about my investment. They were great people and I will extend my courtesy to them as they did to me.
Sloth
I think they will be releasing it tomorrow. I have my hard earned money in S3I already and will be leaving it there for the long term. I believe we are just beginning on a very eventfull path with S3I. This business is very lean. I am very excited to see events unfold. This company is just beginning but the momentum could turn into something really exciting. Exciting that we as shareholders profit and that the company is constantly generating new business and new products that are high tech and cutting edge. I personally find high tech equipment fascinating and this is what Sino deals in. I would not tell anyone to buy a stock. I have been confident of S3I in the past and I am very confident in them today.
Good Luck,
Sloth
Jim Bickel is the type of guy you would feel totally comfortable spending time with on a daily basis. He's confident in what direction to take the company and has the diligence to do it. He is a worker and you get that feeling by talking with him. You don't get the feeling that he or Chris are lazy people. I sat right next to him and he seemed very genuine and comfortable answering any questions. I would of had no trouble going for a beer with him. Of course, I would have pushed him to close a deal before we left.
Sloth
The "BDC" withdrawal was successful. The proposal passed. It passed overwhelmingly. I am going to wait until after the PR to give more details. I got to ask many questions. The meeting went great. I was very happy that I went. They were all very good people and very accommodating. I can't wait to share my notes from the meeting. I will organize them tonight and share them with everyone.
Sloth
Highlights of SEIH's PRs,
Thursday February 9, 9:32 am ET
S3I Announces Major SINO UJE Supplier Orders for January
Orders for Ulrich GmbH & Co. injector systems and other key suppliers that subsidiary SINO UJE filled in 2005.
Customers for these orders included Chinese hospitals and major equipment manufacturers, such as GE Medical Systems, Siemens and Philips.
Thursday February 16, 9:15 am ET
SINO UJE received multiple orders for Ulrich GmbH & Co. injector systems from Chinese hospitals and original equipment manufacturers (OEMs), including GE Medical Systems, Siemens and Philips, during the month of January 2006.
Ulrich is a world leader in the design and manufacture of injector systems used for medical imaging applications, such as CT and MRI equipment.
SINO UJE purchases products from Original Equipment Manufacturers (OEMs) in North America, Europe and Japan and re-sells the equipment to end users through its distribution network in China.
• Half of all injector orders in China are placed through the CT or MRI original equipment manufacturers (OEM) directly. By receiving orders from major equipment manufacturers, SINO UJE has established a foothold in the half of the injector market not previously accessed through its distribution network in China.
We expect to announce... details of SINO UJE's partnership with GreCon
Thursday February 23, 9:56 am ET
S3I Announces First Order for SINO UJE From New Equipment Supplier
New European equipment supplier, Weima GmbH, a worldwide leader in shredding technology and briquetting solutions. The first order, which was placed in Dec. 2005, is for a granulator that is expected to be delivered in April 2006. Weima, headquartered in Ilsfeld, Germany, has developed a wide range of high performance plastic, wood and substitute fuel shredders as well as briquette press machines.
Tuesday March 14, 9:40 am ET
S3I Company, Inc. today announced that portfolio investment SINO UJE, Ltd.
has received an order worth over $440,000 from Dalian Bingshan Rubber & Plastic Co, LTD for equipment supplied by PLAST-CONTROL, the leading manufacturer of automation systems for the plastics extrusion industry.
The order is for two sets of PLASTCONTROL'S newly developed extrusion system, which allows the user the possibility to integrate both functions of gravimetric mean thickness and profile measuring into one computer. Each set consists of a system with 6 gravimetric dosing units -- a total of 9 components -- and profile measuring.
This equipment is similar to the system purchased by Dalian Bingshan in June 2005.
We want to commend SINO UJE's team in China, and particularly Mr. Gao Xm, for achieving an order of this size. While this is just one of many significant orders that SINO UJE has pending at this time, Mr. Gao has done an outstanding job on the Dalian Bingshan sale.
PLAST-CONTROL, founded in Remscheid, Germany, in 1979, has been the innovative supplier of process automation systems and partner for the plastics industry. As a pioneer of new technologies, PLAST-CONTROL creates standards for extrusion automation. From this on-going development process PLAST-CONTROL has created a complete family of products from individual controls to a complete system from its GDC Gravimetric Dosing Controller to its PRO-CON Profile Control system.
Tuesday March 21, 9:30 am ET
S3I Discusses New Clients for Redwood Capital
Redwood, which assists private Chinese companies in accessing the U.S.
capital markets by utilizing a network of investment banking relationships, is
currently working with clients in the chemical, construction, food and pharmaceutical industries.
The client companies are being positioned for entry into the U.S. public markets through a reverse merger and funding through an initial Private Investment in Public Equity (PIPE). Many private Chinese companies require some degree of restructuring to prepare them for the reverse merger process.
Redwood's highly experienced investment and corporate management team, lead by general manager Miao Yang, has targeted "gold standard" Chinese low-tech and high-tech companies who wish to enter the U.S. markets.
Hello all, I'm packed and ready to roll. I work swing shift here in CA which is 2pm-10pm. I am leaving after work since it's raining cats and dogs here and there's no telling what tomorrow may bring with SoCal traffic. I'll stay in Temecula and get to the meeting early.
As far as reporting back to you all, I will be coming to work afterward so I may not be able to give you all a real detailed report immediately but I will tell you something when I get back. I was just going over all the PRs and refreshing myself. I will do the best I can to give everyone a good idea of what went on.
Sloth
Scoobey, I couldn't post on RB.
SEIH is about 100 miles for me. According to Mapquest, it should take 1:40 for me to get there. I'm doubling that for So. Cal traffic and will leave around 6:30am if not earlier. I am not staying down there. If it was on a Monday or a Friday, I would have made a weekend out of it and stayed at Pachanga Casino.
I don't have a laptop so I will get back to you a little later. I will be coming back to work afterward and depending on how busy I am at work, I will do an update later that day.
Sloth
Sure that would be fine. I haven't really gotten a huge response except from a few people. I will show you what I've got so far.
SEIH QUESTIONS:
scoob
1. Will the third quarter 10-Q financials be reported as both a BDC and an operating company? If S3 includes a proforma of the combined company, we will be able to extend it to annual figures to estimate how the total year will be reported. Also, how many years will S3 be required to go back in the reporting of the combined operating company financials in their annual report?
2. Will SINO and Redwood delay the payment of their loans to the parent, after S3 becomes an operating company, or will S3 take the funds to acquire additional China subsidiaries? Once the unelection takes place, each subsidiary would be able to continue to hold the funds and use it to expand their operations until S3 found another company to invest in or decided to buy back S3 shares.
3. When S3 begins a stock buy back program, will the shares be put in treasury for possible future use for investments or a management stock option plan or will the shares be cancelled? If S3 sets up a stock option plan over the next ten years, at today's current price and the future pps is higher, it will serve two purposes.
a. It will be an incentive for current officers to remain at S3 because they will be able to buy S3 shares at today's prices over the next 10 years.
b. S3 management will increase their S3 stock holdings through their ability to grow the company.
RJBluesky questions:
1. What is the current status of Redwood clients Xingye Copper and Jaso Holdings? The March 21 PR seems to indicate several additional promising opportunities in the pipe line. How many new Redwood clients could possibly be brought through the total reverse merger process this year if all goes very well?
2. Assuming the BDC withdrawal is voted affirmative, how soon can investors expect to see real operating numbers for SEIH and its subsidiaries? Or at least numbers on a pro-forma mid term basis?
3. How is the Sino/GreCon partnership going? The February 16 PR was very positive for Sino's first month of this year and also a very sizable $400,000 order was obtained. This seems very promising from a new business standpoint for the balance of the year for SINO. Is a $400,000 order about average size for SINO or is there potential for an order to be significantly larger? When can investors receive any forward guidance or projected numbers for the current year with SINO?
Ya Sheng is still on the pinks. Does Ya Sheng plan to use Redwood's services to move it's trading over to the BB?
Sloth:
Many shareholders believe that management is not making the shareholders one of their highest priorities. What are the benefits to shareholders that the withdrawal will provide and how is that going to help safeguard and improve my investment in the company?
Helpmeout:
What are you going to do about buying back shares and lower the float?
What are the projected numbers for SEIH?
How much debt does SEIH carry?
What ever happened to the LA JOLLA money?
Why is SEIH sending out fluff PR's that cost money?
Why should the investors of SEIH Trust you Mr.Bickel?
What excalty is going on with redwood and sino and is there a reverse merger in the future?
Let me know. I think the La Jolla thing is all accounter for. Is it not?
Sloth
I got your questions guys. I'm copying and pasting them into a separated doc that I will show to you before the meeting so that we can go over it. Scoobey, I didn't get your email. I may have deleted it on accident since I get so much spam.
My concern about this meeting is that I don't think I understand all the company's relationships to one another and how it all translates to SEIH's numbers. I would really like to understand it much better before the meeting in order to understand all the questions and make sure I am getting the most out of it. I want to bring a handheld recorder so that I can make sure I don't miss anything. Will they have a problem if I do that? I need to study up a bit on SEIH. I know I'm definitely not the best rep. to go there but I will do the best I can. I just want to be the best prepared I can when I go.
Let me know anything else I can add to present at the meeting.
Sloth
Scoobey, I don't have a private message service here. My email address is:
jhb420@excite.com.
Sloth
I will just go for the day. If I take that many days off, I might as well go to Vegas. Don't get me wrong, I'm sure Temecula is a great place but I just can't remember anyone saying that they're going to Temecula on vacation.
e-mail me,
Sloth
What the F.... I just realized that I asked for the wrong days off. I don't know why I was thinking the meeting was the 10th. The meeting is on Wednesday, April 5th. I will ask for that day off instead but unfortunately for me, I can't make a stay out of it. I don't know what the heck I was thinking.
Sloth
Hey Scoobey, I put in for vacation on April 10th and 11th for the meeting. I not the most saavy person when it comes to SEIH so I would appreciated your input and the input of others that I respect on these board such as RJB as to the questions that should be asked there. I have no problem in voicing myself but I need to have some substance to put with it. I know I've heard people wanting to know why the BOD doesn't own more shares but that's about it. I posted my email on RB for you to get a hold of me. I will need to compile a list. I was wondering if I should say that I represent a group of investors and that the questions are a compilation from those investors. I don't know if that would enable me to ask more questions or they would just think I was a kook.
Anyway, let me know. Anyone can email me with questions. I will get them all together and then post them so that we can come to a concensus on them. Just make sure I know its SEIH business because I usually just throw my email away if I don't recognize who they are from.
Sloth (jhb420@excite.com)