sleeping with one eye opened
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Different places, it depends on model. I guess you mean Lumia 920
Nokia (NOK) can only produce 20,000 units of models like the Lumia 920 and the Lumia 620 a day in its Chinese facilities. Nokia produces the 920 for North America in Mexico, but the production for European and Asian sales is believed to take place in China; North American sales of Lumia could be as low as 5% of global sales. In 3Q12, North America made up 1% of Nokia’s device revenue
LINK
steadily on its way to ten (2.70)..... Happy New Year from CZ :)
Happy New Year
steadily on its way to ten..... Happy New Year from CZ :)
Happy New Year
Japan's new government to restart nuclear reactors - Nikkei
Dec 28 (Reuters) - Japan's idled nuclear reactors will gradually be restarted under the newly-elected Prime Minister Shinzo Abe as the units receive the all-clear from the country's Nuclear Regulation Authority, the Nikkei reported.
Abe, in his instructions to cabinet members, outlined his policy of allowing nuclear reactors to resume operations while giving priority to the regulator's safety assessment, the Japanese daily reported.
All but two of Japan's 50 reactors remain switched off after the Fukushima plant suffered meltdown and explosions, following an earthquake-triggered tsunami in 2011.
The new government will also review its predecessor's policy of phasing out nuclear power by 2040, trade and industry minister Toshimitsu Motegi said at a press conference on Thursday, the Nikkei said.
Shinzo Abe who took over as Japan's premier on Wednesday, had derided the 'zero nuclear' goal of the ousted Democratic Party of Japan as unrealistic
Link
The most probable reason why the auditor has been changed :
WSJ article:
December 27, 2012, 6:07 p.m. ET
U.S.-China Audit Spat May Spill Over
By MICHAEL RAPOPORT
As U.S. regulators and Chinese authorities spar over the right to oversee audits of companies in China, U.S. multinational firms like Sanmina Corp. could suffer collateral damage.
Sanmina, a San Jose, Calif., electronics maker, has major operations in China and is partly audited by KPMG Huazhen, which is one of five Chinese accounting companies facing legal action from the U.S. Securities and Exchange Commission over their refusal to turn over audit work papers. KPMG Huazhen is the Chinese affiliate of accounting giant KPMG.
If the SEC prevails, the firms could be banned from auditing dozens of Chinese companies listed on U.S. markets. An SEC victory also could affect U.S. multinationals like Apple Inc., Qualcomm Inc. and Kimberly-Clark Corp. that have major Chinese operations. Chinese affiliates of U.S. auditors often contribute to audits of multinationals, a practice that couldn't continue if the affiliates were banned. Without complete audited financial statements, a company can't sell securities or remain listed on U.S. exchanges.
"The consequences are monumental when it comes not only to Chinese companies but to Chinese subsidiaries of U.S.-based multinationals," said Jacob S. Frenkel, a former SEC enforcement attorney now at Shulman Rogers Gandal Pordy & Ecker in Potomac, Md.
Sanmina declined to comment. KPMG and the other audit firms have said they could be penalized under Chinese "state secrecy" laws if they hand over the documents, and urge that a solution be worked out between the SEC and the Chinese government.
"We remain hopeful that a positive resolution that ensures cooperation and an appropriate level of information sharing will be reached," KPMG said in a statement.
PricewaterhouseCoopers, another of the firms whose Chinese affiliate faces SEC action, said, "We continue to hope that the two governments will find a way to come to an understanding and resolve this issue given the potential implications to the capital markets if they don't."
Spokesmen for the three other firms—Ernst & Young, Deloitte Touche Tohmatsu and BDO—declined to comment. An SEC spokesman couldn't be reached.
The SEC filed an administrative proceeding this month against the five firms, saying they were violating U.S. law by refusing to cooperate. An SEC administrative law judge will hear the case and render a ruling by next September.
The judge could censure the firms or temporarily suspend them from seeking new audit clients. The potential penalty that has many observers concerned, though, is "deregistration"—revoking the firms' right to practice before the SEC and conduct audits of U.S.-traded companies.
Such an action would be unprecedented on this scale, and could result in millions of dollars in lost fees and disruption. The international accounting firms' affiliates in China and other countries are legally independent, and the Chinese affiliates have local legal obligations, so a firm's global organization couldn't simply step in to replace a Chinese affiliate barred from U.S. auditing.
Together, the five Chinese affiliates currently audit 126 U.S.-traded companies, according to data from the Public Company Accounting Oversight Board, the U.S. government's auditing regulator. Among them: Baidu Inc., the Chinese search-engine giant, which currently uses E&Y's Chinese member firm Ernst & Young Hua Ming as its auditor. Baidu is "watching the situation closely as it develops," said spokesman Kaiser Kuo.
Sanmina's primary auditor is KPMG's U.S. affiliate, but KPMG Huazhen played a "substantial role" in Sanmina's fiscal 2011 audit by auditing a Sanmina subsidiary, according to the Chinese audit firm's annual report filed with the PCAOB.
U.S. auditors of multinationals "generally" use their affiliates in other countries to assist with audits of the multinationals' operations in those countries, including China, said Martin Baumann, the PCAOB's chief auditor, though auditors and their clients usually don't disclose such arrangements. Those affiliates must be SEC-registered if they play a "substantial role" in the company's audit.
Other multinationals with major Chinese operations whose audits could be affected include Apple, which reported $22.8 billion in revenue from China in its fiscal year that ended in September, and Qualcomm, which had 42% of its total revenue from China. Apple, which is audited by Ernst & Young, and Qualcomm, audited by PwC, declined to comment.
Some Deloitte multinational clients, like Kimberly-Clark, suggest in filings that "member firms" and affiliates of Deloitte participate in their audits, though they don't specifically say whether Deloitte's Chinese affiliate is involved. Kimberly-Clark has manufacturing facilities in Beijing, Nanjing and Shanghai and says on its website that it is "devoted to maintaing a long-term development strategy in China." The company declined to comment on the SEC action.
Some say the potential ramifications could help bring about an agreement. "It's possible that the threat of disqualification will bring the Chinese regulators back to the bargaining table," said Peter Bresnan, an attorney at Simpson Thacher & Bartlett LLP and a former SEC deputy enforcement director.
Write to Michael Rapoport at Michael.Rapoport@dowjones.com
we buy future here. Apple is dead, not Nokia. And it is Apple who pays to Nokia royalties, not the opposite. Apple will possibly survive as local US unit. But Europe, South America and Asia will be fully flooded by Samsung and Nokia in 2013,2014. US will only follow the main stream then.
Future always was in the hands of Microsoft.And now also Google. Apple will not overcome pressure of Samsung and Fresh prince Nokia
this I understand. I am only worried that their main assets are "people".
They still do research. I think this might be the weakest link of this company
When you create an invention while employed, who owns the right to acquire a patent: you or your employer? The general rule is that you own the patent rights to the invention unless:
•you signed an employment agreement assigning invention rights, or
•you were specifically hired (even without a written agreement) for your inventing skills or to create the invention.
Even if your employer does not acquire ownership under one of these two methods, the employer may still acquire a limited right to use your patent (called a shop right) without paying you. Shop rights are discussed below. Keep in mind that simply because an individual is employed does not necessarily grant the employer ownership of the patent. Each situation must be evaluated on its own set of fact
http://www.intellectualpropertylawfirms.com/resources/intellectual-property/patents/employee-employer-patent-inventor.htm
the question here is if their intelectual know how is fixed to company or people. I mean if these people or that particular man leaves, stays the value of the company the same?
I am not sure about the answer to this question. That is why I have sold this company somewhere at 2.50
Lucky if I see today's price. On the other hand this price is starting to be for me tempting again :)
now it all depends on fiscal cliff sentiment... :)
It seems like you are getting your purchae order filled right now :)
you hit the ask yourself. And when you do that, say loudly:
"No product, no revenues, only over 20 millions in debt and couniting..."
You buy here not zero but negative value. You buy here only a hope. Hope that you will sell higher to some fool who becomes a bagholder then. If such fool does not exist, you know who was the fool in this game.
Sorry, but this is all this game of KWBT is about. Wait few months or years, maybe similar action comes and you would get a chance to exit on behalf of somebody else.
Good luck with KWBT
hopefully yes. But you know what. They finally do shut up about Greece for a while, but have invented the fiscal cliff instead...
we are permanently doomed ... :)
Have you succeed to load? It seems MTG hitchhiked another rocket on its way up, next station is 2.86
Then slowly to 6.00
Untill 6.00 it might be considered as undervalued. Based on data it will then quite slowly go either to 8.00 or 10.00 and then back down or up to 15.00, depends on how successfull they will be with being profitable.
you should be maybe more honest in your story about people ready to buy. It is not nice empty shell with no revenues.
It is a shell with no revenues for already two years (before there were revenues) but that shell is filled up to the roof by 21 (!) millions USD debt.
There is no other way for shareholder (bagholder) to get out of it other way then by pump and dump scheme. It is very risky to buy shares only based on chart. One can get easily trapped having money in complete trash like KWBT is.
Now I think your message is complete and more clear.
Or any disputes with it? :)
if the company was great and price per share depressed, they should buy back shares or pay dividends.
It is funny to see them making profíts, having huge piles of money and giving nothing to shareholders. No wonder the invetsors treat them like they stink
and the same time they are paradise for shorts.
I read there about Focus Media buyout. If it was for "good" price, why I do not read there about cry of shorts? Why I read there again only about cry from Chinese?
They are proven scammers, that is why...
So 2 months to go for GSI and Friedmann to fill the earnings.
To fill those 3 billions USD revenues, with market cap of 56 milions USD
If that happens, the stock's PPS should be at 16-17 dollars. Well because it is china we will be happy with 7-8 dollars.
So two months to get everything or nothing for the patience with this troublemaker.
Go GSI! Go Friedmann! Go China!
Now I go...
Options expire today
4.00 is in play :)
Whoever follows this board, I am the second one... :)
KGN charts added
link to more info about Keegan Resources
500 bucks? In China? And do not forgat they should sell to China Mobile and not end user. I expect 400 bucks sales price and minimum 40-50% discount for china mobile. They will distribute with cca 20% mark up to their subdealers in China...and these will distribute to separate shops
Here I have found the price. Bit the margin will be about as mentioned so I guess they can get cca 300 dollars per unit.
Shame they cannot supply prior to christmas. But they do not have christmas in China I guess.. :)
http://www.wpcentral.com/nokia-lumia-920t-sells-out-china-30-minutes
Priced at 3599 Yaun, which is approximately $570, no one is surprised that it was snatched up so quickly, especially since there are those of us who are facing a slightly costlier choice when it comes to Lumia 920 availability. Here in the UK we're looking at price tags of anywhere in the £500 ($850) region for an unlocked Lumia 920 - Nokia has decided to partner with UK carrier EE with an exclusive deal.
There is a slight downside to ordering the Lumia 920T through Amazon, and no we're not talking about the lack of Xbox LIVE, etc. Deliveries are reportedly set back until 26 / 27th December. Ouch. We have followed the Lumia 920T on its journey to the Chinese market since it was announced and then subsequently passed through CCC certification process.
We've also seen a positive reception for Windows Phone in the past with the Lumia 900 launching in the market, which then quickly over took the iPhone. Being a flagship Windows Phone for the Finnish manufacturer, and a high-end device running Microsoft's mobile OS, we feel as though the Lumia 920 will see even better success and market penetration than its older brother.
The positive take on the news of a Windows Phone 8 handset selling out in a matter of minutes is exactly that - we're definitely seeing some signs of an increase in interest and desire to own a Windows Phone. Could we be witnessing the start of the Windows 8 + Windows Phone marriage that Microsoft is so desperately attempting to achieve?
should be like with CNO...he invested to it really heavily at cca five I guess. Now almost ten.
thanks for PM. They are funny but imo they act like criminals. I mean that group.
I do only listed stocks with story. No more too risky games with my money.
Good luck, wobble :)
2x average volume again with no or little dip. Nice consolidation.
That is the way I read their fillings - for couple of years. Read it too, if you can. It is wise move before you put the money into any stock. Stocks go up and down. But if there is a value behind it, you sleep well even if stock goes down.
Good luck jbloom93... I will leave you now and wish you to make some money or at least experience about KWBT
WeiLi is running happily is own PRIVATE companies, where he do all the revenues. Here he makes the debt. If you read fillings, you will see his suppliers went bancrupt. He will create debt here and money else where. Once he go bancrupt here, he will make money twice. But shareholders never. Shareholders equity is here based on last fillings -13 Milions dollars. With no revenues, company will never pay it...So whatever money you put in here, no chance you will ever get a value for it. Wait for another bagholder, pass him your bag and find a real stock with some real value.
I was having this stock few years ago, when it was at 0.20..I hapily sold it still when they had a revenues and promissing project on bird flue basis. But those where all lies. They do nothing for years. No revenues, no inventory. Heree he only sucks money from americans and europeans..
I never more buy crappy stocks. I agree on momo SOME of you earn money...but only from those who will buy this crap higher. For them it will be pure loss and nice experience..
Go ahead. I want to see how good your group is in this. So far you did only barking...show me action, but I will never touch this :)
so you helped some of those desperates to quit. Congratulations. Now it is your turn to find a bagholder who is willing to buy from you more expensive. Check the volume and count the dollars, if they were buying today like talking, the stock would be higher. But they do not want to buy, they search for rookies to sell them this crap of no value...
The only thing you should do now is weeeeeeeeeeee and wait for a rookie to buy from you your bag :D
So they have changed the auditor. Very disappointing move.
http://www.friedmanllp.com/cn/pdf/SEC%20practice%20Ranking%20Report%20Chinese%20Firms.pdf
I will dig now for Friedman and if I see they were involved in any fraud in China, then GSI is out of my watchlist forever.
you are correct, I am watching this daily. The only issue which helps shorts is the coming reverse split. They have broken the one dollar rule more than 6 months ago so they are now under exception from delisting. Reverse split on the next shareholder meeting. Then usual sell off and then - buy buy buy time :)
We will see.
At the moment I like MTG and NOK, those are already on the move.
USU is my future 5 bagger.
up in pre-market again. In Europe at 4 Euro already
And more to come. The new windows based Tablet is announced for early 2013.
Nokia is heading over 10$, no doubt about this. :)
I was in this in 2009 - you can check the first posts of this board. But THIS time, there are no more obstacles in the way...Once this goes up to teens, it will simply stay there..
So having this experience of past, I will stay with this mortgage insurer sticked without flip flopping. They have only cca 450M market cup. Can you believe that? Imo guaranteed ten bagger, the only question is how long it will take, because it will take some years certainly. But you know, insurance = cash machine
Enlighten us please about your DD... ROTFLMAO.
Eat this turd with full spoon, you deserve it, especially if you did DD.
What a clown... :D
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82022114
yes they have received payment calendar for 48 months. So they kept them alive and as the bonus they gave them the market in rest of the states as well. It is expected they may become profitable already at the end of 2013. They are insurance company. As there is no housing bubble anywhere nearby, they can never fall back that much. Insurance companies are always here to make money. If they keep on good pace of new writings, then 5 in summer and 8 this time next year. If not sooner...
20 millions debt and 0 revenues for years. This company is maxed out for years as well.
You are dancing around dried crap. Enjoy the smell while digging into it.. :)
good luck to all with green exit position. But you will be very few...