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Subaye.com Book Value $2.10/share
Based on 10.3M shares as of March 31, 2009 and shareholders equity of $21M
Subaye.com S-1 also shows 135% increase in revenues and 258% increase in net income yoy.
MYST owns 69% of Subaye.com, and will continue to after the listing, and we're under .20/share???
This valuation won't last.
hmmm--don't see what's different in the updated S-1. Sure would be nice if they highlighted the changes, lol.
MyStarU.com’s Future Looks Bright (TheOTCInvestor.com)
By Justin Kuepper • on June 12, 2009
MyStarU.com, Inc. (MYST) is connecting its customers with each other and its shareholders with profits. The diversified Chinese software provider saw its net income jump 115% last quarter, and the stock still trades at a bargain compared to most.
MyStarU.com, Inc. (MYST.OB: 0.128 +25.49%), a diversified Chinese software provider, may be one of the best deals in the market, according to some experts. The company posted a 115% increase in net income last quarter and continues to trade at just 3.96x earnings, even after a rapid 54% run-up in its share price over the past week. So, is now the time to get in this stock?
Last quarter, MyStarU.com recorded net income of $3.26 million, or $0.02 per share, on revenues of $23.74 million. The company’s balance sheet also remains healthy with $523,548 in cash, a high current ratio of 3.77 and no long-term debt. Finally, the company generated a positive cash flow from operations of $216,175 compared to a loss a year ago.
The largest growth area for MyStarU.com is in online membership services, including its corporate online video business Subaye.com. Members of this service are charged a monthly fee of approximately $100 with 39,822 members last quarter sharing 80,025 corporate video showcases. Moreover, the company expects this growth to continue through next year.
Despite the positive results, there are a few concerns with MyStarU.com. The company drove its higher revenues through an extensive advertising campaign costing $4.7 million compared to just $1.3 million a year earlier. However, the company did manage to substantially boost its net income, which means that these costs could be justified in terms of return on investment.
In the end, MyStarU.com is a growing company in a hot sector that is extremely undervalued relative to its peers. The company has posted a 115% increase in net income, but still trades for less than 4x earnings with a healthy balance sheet. Prudent investors may want to consider taking position after the stock takes a breather from its recent run-up.
http://theotcinvestor.com/mystaru-coms-future-looks-bright-283/
With their organic growth and removal of those advertising costs, I agree they will come in at .03 -.04/share/q now.
Forward PE still under 1 here, lol.
And then there's the Subaye.com IPO where MYST shareholders retain 69% of Subaye.com
This is $1+ stock trading under .20
I'll go with MYST.OB Easy double in a week from here on pending IPO of Subaye.com discovered yesterday but not pr'd yet.
"In July, the 36,000 members of www.x381.com start getting billed $100 annually."
"I also discovered they will no longer incur a $4.3 million advertising promotion cost and thus I'm looking for at least .03 EPS this quarter"
yep. This is one of those true "undiscovered gems" that everyone's always talking about and the icing on the cake is the Subaye.com registration for listing. No reason MYST shouldn't be over $1/share soon- especially after they announce eps next q (which I think will come in about .04/share).
They're also making money in online education now where they are looking at another 2M in program fees for next q:
http://ih.advfn.com/p.php?pid=nmona&cb=1244589726&article=37570868&symbol=NB%5EMYST
joe- would you be assist. mod here?
MYST.OB up. Their subsidiary, Subaye.com looks to IPO.
Registration statement for Subaye.com listing on OTC/Nasdaq filed, and MYST shareholders will own 69% of Subaye.com IPO.
http://www.Subaye.com is like Alibaba.com, only with video.
Profitable China internet services company.
I'm not a fan of dilution- nobody is.
However, a quick glance shows MYST diluted shares by 12% while growing revs by 50% and net income by 115% in the same period. I'm OK with that.
MYST shareholders will retain the value of the Subaye.com IPO
according to the filing:
"After this offering, the shareholders of MYST will still own approximately 69.03% of our outstanding common stock, representing 69.03% of our voting power."
So when you buy MYST, it looks like you're buying shares of two companies- one still to IPO. And that one is this, which looks like it could be an Alibaba.com on steroids with the videos they make for sellers on their site: http://www.Subaye.com
Not a bad partner to have.
If China Unicom does partner with Aple to offer iPhones, then they could watch Subaye.com videos in their cars, trains, on the streets- where the advertisers are located.
A lot of potential here.
This could be very big for MYST.
Subaye.com = Alibaba.com + video.
What's that worth?
MYST will break all time high soon IMO, here's why:
It appears MYST is preparing to spin off it's 69% holding of Subaye.com in an IPO. Subaye is like Alibabba.com portal but with videos. Who knows what it's worth- but I'm guessing a LOT more than MYST is now being valued at.
Filings been posted on the MYST board today- which is part of the reason for the move so far.
do your dd on this one- it's more than meets the eye.
http://investorshub.advfn.com/boards/board.aspx?board_id=10987
the notation about Subaye.com registration for listing.
Subaye.com is a MYST holding.
Spin-off/IPO of Subaye.com from MYST?
Scroll to the "note" re: Subaye.com going NASDAQ OTC as a client.
Subaye.com is owned by MYST.
Scroll down to Subaye.com (a MYST holding) note.
Still digging...but maybe MST going to spin off Subaye.com here?
http://www.jcraneco.com/flash/index-newsscroll-english.swf
joe- anyone.
Check this out on Subaye.com, which is owned by MYST.
http://www.jcraneco.com/flash/index-newsscroll-english.swf
Puda coal (PUDC.OB) on the move again.
In last 24 hours they've gotten a huge tax break from the local government (may have to restate income up for Q1 as it's retroactive to Feb. 1), while at the same time prices for coking coal have increased by 70y/t for June on increasing demand.
Also looking to uplist and gain 6 more coal mines by eoy according to CFO in Bloomberg:
http://www.bloomberg.com/apps/news?pid=20601089&sid=aRaxkApkin6w&refer=china
starter dd here if interested:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37303514
MYST.OB (Profitable China Internet services).089 x .09 up from bottom by 13%
Nice bottom mover next few days IMO
Good blog entry on MYST yesterday.
The author is on it.
http://investplace.wordpress.com/2009/06/10/buy-recommendation-mystaru-com-myst/
if anyone's looking for a low PE/low float still unknown China Ag. stock with an inside track for new patents in the feed sector, you might want to look at page 19 of this prospectus if you find industry connections important.
http://www.biocactus.com/UploadFiles/20088385518396.pdf
China Car Sales Jump ‘Beyond Imagination,’ Bring Two-Month Wait
By Bloomberg News
June 11 (Bloomberg) -- Zhao Hang, who helped devise China’s auto-stimulus package, is facing demand from car buyers battling an unexpected consequence -- two-month waiting lists.
“Eight friends have asked me to make calls or write notes to contacts to help speed purchases,” Zhao, president of the government-linked China Automotive Technology & Research Center said in an interview. “Given the world economic situation, demand for cars is surprisingly strong in China.”
Beijing drivers, used to leaving showrooms with new cars the same day, now have to wait about three weeks for a Hyundai Motor Co. Yuedong Elantra, China’s bestselling car, or as long as eight weeks for a Honda Motor Co. CR-V sport-utility vehicle. Carmakers failed to predict a 14 percent sales jump caused by an economic rebound, tax cuts and subsidies and are now trying to raise Chinese output even as they cut U.S. and European production on plunging sales.
“We are having headaches and shortages because the automaker can’t make enough Yuedongs,” said Li Minghui, a salesman at dealership Beijing Hyundai Boshishan. “We expected sales to pick up at the beginning of this year, but it’s beyond our imagination that it would be this good.”
The China Association of Automobile Manufacturers in January forecast a 5 percent increase in 2009 auto sales after demand declined in four of the last five months of 2008 amid the global recession. That would have been the slowest pace in 11 years. General Motors Corp, the largest overseas automaker in China, made a similar prediction.
Sales Surge
Instead, auto sales have surged after the government offered subsidies to drivers in rural areas and cut retail taxes as part of a wider 4 trillion yuan ($585 billion) economic stimulus plan. The demand jump has caused GM to double its 2009 industrywide growth forecast. Combined with a 37 percent slump in U.S. auto sales because of the recession, the surge has made China the world’s largest auto market so far this year.
“Customers have to book in advance because there’s not enough stock of the bestselling cars,” said Guo Yong, information manager at Beijing Asia Games Village Automobile Exchange, which houses dealerships accounting for about 10 percent of Chinese car sales. “Fourth-quarter sales weren’t that good last year and most carmakers curbed production as they were pessimistic about sales this year.”
Industrywide production trailed domestic and exports sales by about 300,000 vehicles in the six months ended May, according to the China Passenger Car Association. That’s helped push new vehicle stockpiles to near two-year lows.
Production Increases
To increase supplies of Yuedongs and other models, Beijing Hyundai Motor Co., Hyundai Motor Co.’s main China venture, ran plants at near-full capacity last month. Inventories had dropped to 80 percent of monthly sales, said President Noh Jae-man. Volkswagen has also added 50,000 vehicles to its 2009 production plan because of the demand jump.
“The development of the passenger-car market in the first quarter exceeded our expectations,” said Winfried Vahland, Volkswagen’s China head.
Honda’s two ventures in China have been running with three shifts because of demand for models including City cars and CR- Vs, the bestselling SUV in China. Still, the company hasn’t yet decided to expand capacity on concerns demand may not be sustainable, said Zhu Linjie, a Beijing-based Honda spokesman.
The tax cuts and subsidies may have caused a short-term sales surge that will fade over the coming months, said Ricon Xia, a Daiwa Institute of Research (H.K.) analyst in Shanghai. Both stimulus measures are due to expire at the end of the year.
“It is not yet clear how demand will go in the second half,” Xia said.
In May, passenger-vehicle sales surged 47 percent from a year earlier, the most since February 2006.
Parts Logjam
The biggest logjam for Chinese automakers seeking to raise production is a shortage of parts, particularly more complex components, such as automatic gearboxes, generally imported from overseas. These are in short supply as plunging auto sales in the U.S., Europe and Japan, coupled with the collapse of GM, has forced partsmakers into bankruptcy.
“Component-makers going out of business is causing headaches for carmakers in China,” said Qin Xuwen, a senior analyst at Orient Securities Co. in Shanghai. “It will take a couple of months to fix this.”
To safeguard future supplies, Chinese companies are buying overseas partsmakers. BeijingWest Industries Co. in March agreed to acquire the remaining global suspension and brake businesses of Delphi Corp., the bankrupt former GM parts units. The same month, Geely Holding Group Co., China’s biggest private automaker, agreed to buy Drivetrain Systems International, an Australian gearbox-maker that was in receivership.
Such deals may help boost Chinese vehicles supplies in the long run. For now though, drivers may have to continue waiting.
“People are lining up for cars, and vehicles are going out of stock,” Zhao said. “Who could have expected that last year?”
http://www.bloomberg.com/apps/news?pid=20601089&sid=am8uWXwcM11c
"China Car Sales Jump ‘Beyond Imagination,’ Bring Two-Month Wait"
This is excellent for stocks like CPSL, GSI, and PUDC.
Of the three, I like PUDC the best due to their balance sheet, pending aquisition of 6 more coal mines, and uplisting this year according to the CFO.
http://www.bloomberg.com/apps/news?pid=20601089&sid=am8uWXwcM11c
Form 8-A12B filed!
Heads up on CNEH which Filed Form 8-A12B last night.
uplist pr soon.
Excellent. Thanks Joe.
Shanxi Jun coke price up 70 yuan/t (June 11, 2009)
The Shanxi Coking Industry Association has set a June guiding price of 1650 yuan/t, up 70 yuan/t from the settlement price of 1580 yuan/t in May, said officials with the association.
The SCIA set a reference price of 1600 yuan/t in April, but the actual price settled with downstream steel mills was some 1520 yuan/t. The association decided to raise the price by 60 yuan/t in May, and the actual market price was 1580 yuan/t, officials said.
Prices of some steel products have climbed since May, and coke stocks in steel and coke enterprises declined notably. However, the price of coking coal, raw material of coke production, has climbed slightly, according to analysts.
Meanwhile, the association asked coke producers to continue limit production by 50%, down from 60-70% in April and May, signifying a rebound in downstream demand. In fact, most coking enterprises now are operating more than 50% of their production capacity, according to market sources.
http://en.sxcoal.com/NewsDetail.aspx?cateID=180&id=22551
Chinese Property Market Rebounds, Helping to Drive Recovery
“Retail sales of construction and decoration materials and furniture -- both of which are closely related to purchases of new houses -- have registered a strong rebound since the beginning of the year,” said Wang Qing, an economist with Morgan Stanley in Hong Kong.
http://www.bloomberg.com/apps/news?pid=20601089&sid=aCxgBFhgFhMk
Buy Recommendation- MyStarU.com (MYST)
By estes27112 InvestPlace Blog
Don’t be scared by the strange name of the company or the fact that it is a small chinese entity, MyStarU.com has significant growth potential that it has showcased over the last few quarters. At a very small price tag, currently trading in the 7 to 8 cents range, MYST has struggled with some dilution with 170M shares outstanding. Notwithstanding the high number of outstanding shares, the stock has huge potential and remember the move that SPNG has made over the last few weeks despite having more than 700M shares oustanding!
The main reason that I like this stock is that despite the challenges in the worldwide and chinese economies, it has been able to achieve strong top and bottom line growth over the last year. MYST has several subsidiaries that operate in five distinct business segments:
1. Investments in Entertainment Arts Productions – The Company purchases and licenses or resells copyrights of entertainment-related assets.
2. Online Membership Services – The Company provides online content and member services for commercial use.
3. Software sales – The Company provides web-based and mobile software platforms.
4. Importing and exporting of goods – The Company conducts international trade using the PRC as its base of operations.
5. Media and Marketing Management – The Company coordinates product placement activities for filmmakers and advertisers within the entertainment arts industry of the PRC.
While the company has had some success with all 5 segments, the segment that is the most interesting to me is the online membership services. From MYST’s 10Q, we learn “We (MYST) own a majority interest in our subsidiary, Subaye.com, Inc. We have established a website, www.subaye.com, which we believe is a premier provider of corporate online video in China and is seen as a destination for business to business e-commerce in the PRC for customers who utilize the website to enhance the marketing and promotion of their business products and services. We continue to experience a strong demand for our services through www.subaye.com and believe the market it serves is one of the fastest growing in the PRC. These customers are demanding easily accessible methods to market and promote their products or services.
The online membership services business segment generated member growth of 88% for the twelve months ended March 31, 2009. We expect continued growth in membership, revenues and net income for this business segment during the fiscal year ending September 30, 2009.”
To me, this is the key for the stock as it provides a stable source of revenue and profitable growth, which will allow the company to seek out other areas of growth in its other subsidiaries. MYST has a strong balance sheet with a current ratio of almost 4 and no long term debt. Additionally, MYST sports a book value of $.16 a share and a net tangible book value of $.09 a share. On the income statement side, the growth is very impressive with revenue and gross profit growth over the last 4 quarter as follows:
PERIOD ENDING 31-Mar-09 31-Dec-08 30-Sep-08 30-Jun-08
Total Revenue 13,894 9,856 7,463 5,900
Cost of Revenue 5,670 6,139 4,739 3,972
Gross Profit 8,224 3,716 2,724 1,927
This kind of growth is extremely impressive and hard to find and the big question I had was why has it not led to high bottom line growth:
Net Income Applicable To Common Shares $792 $2,474 $1,416 $769
The answer is that it did for the first 3 quarters, but then the company poured a significant amount of money into advertising in the form of one promotion to help continue to drive growth, causing a drop off in net income in the most recent quarter. The 10Q describes the promotional event as follows:
“On October 1, 2008, the Company entered into a promotional event whereby a total of 16,000 members of www.subaye.com would receive a total of 1,600 DVDs which included both a promotional video on behalf of the customer and the motion picture “Big Movie: Subaye” free of charge. The customer would receive the DVDs and participate in the promotion if they agreed to remain customers of the Company for the twelve month period from October 1, 2008 through September 30, 2009 (the “12 Month Period”). If a customer does not remain a customer for the full 12 Month Period then the customer will owe the Company approximately $0.72 per DVD for each month in which they did not remain a customer during the 12 Month Period. The Company then delivered the DVDs to its participating customers December 2008 and January 2009. The total cost of the promotional event was approximately $6.8 million. The Company recorded a prepaid expense for approximately $6.8 million and expensed the full value of the advertising promotion in December 2008 and January 2009. For the six and three months ended March 31, 2009, the Company recorded $6.8 million and $3.4 million in advertising costs for the advertising promotion, respectively, which is included as advertising in the accompanying consolidated statements of operations and comprehensive income.”
In other words, if you exclude the nonrecurring advertising charge of $3.4M in the latest quarter, the net income would have been $4,192 (in thousands), which keeps the trend of high revenue growth, gross profits, and net income intact over the last 4 quarters. On a per share basis, the adjusted earnings (excluding the advertising expense) are approximately as follows:
.025 .015 .01 .005
That’s 5.5 cents in the last year per share on a stock that is trading at only .08 or less! Based on the strong top and bottom line growth, this is a good point to buy the stock with a potential to double your money or more with very limited downside risk at the current levels. The only reason I could not justify a strong buy rating was the risk that shares outstanding will continue to be an issue for the stock price.
Recommendation: MYST- Buy with a Target Price of $0.20
Disclaimer: This is just my opinion, do your own due diligence and arrive at your own conclusions before you make a decision to buy or sell this stock. At the time of this post I hold 30,000 shares of MYST and I have an order in to buy an additional 30,000 shares at $0.075, which I may move up or down in order to obtain the additional shares desired.
http://investplace.wordpress.com/2009/06/10/buy-recommendation-mystaru-com-myst/
I've been buying chinese stocks since they were first trading on US exchanges back in 1999 with the very first one (XING)and have usually been able to find corroborating evidence of a Chinese company's existence on the internet. Not always...but usually.
So it would seem to me that this is strange that there isn't any info out there on this company the new CEO of CHID ran that I could find.
Sold half my CHID already this morning- the rest are freebies.
For Puda Coal to have even made positive earnings of .02/share in the quarter just completed is very positive.
The company doesn't exist in a vacuum from the global economy. Their biggest customers, steel companies like CPSL were bleeding money during the last 6 months, and most other coking enterprises lost money also.
Also, Puda is rising because it should soon be entering the higher margin downstream coal mining market with a mine they just aquired minority interest in, 6 more mines, a power plant, and an uplisting.
Finally Puda has $24M cash (even after their latest $18M cash investment in a coal mine), which is always nice in the current environment.
http://www.bloomberg.com/apps/news?pid=20601089&sid=aRaxkApkin6w&refer=china
Good news for Puda Coal (PUDC.OB) today.
Shanxi cuts fees paid by coke enterprises
To help 130 key coke enterprises, develop normally during the world-wide financial crisis, Shanxi released a fee-cut policy for them, confirmed in the routine conference of Shanxi provincial government on Tuesday.
The fee paid by coke enterprises in Shanxi included 9 items, totaling 111.2 yuan/t, said Li Fulong, head of Shanxi Price Bureau.
According to this policy, except the water-related fees, all other fees will be reduced or even cancelled temporarily, in terms of these key coke enterprises, from Feb 1st on. If so, the fees cut can reach 53.4-91.4 yuan/t and these coke companies can save 1.26 billion yuan/t per year.
http://en.sxcoal.com/NewsDetail.aspx?cateID=178&id=22546
(Source:en.sxcoal.com)
Good news for PUDC.OB (Puda Coal)
Shanxi cuts fees paid by coke enterprises
To help 130 key coke enterprises, develop normally during the world-wide financial crisis, Shanxi released a fee-cut policy for them, confirmed in the routine conference of Shanxi provincial government on Tuesday.
The fee paid by coke enterprises in Shanxi included 9 items, totaling 111.2 yuan/t, said Li Fulong, head of Shanxi Price Bureau.
According to this policy, except the water-related fees, all other fees will be reduced or even cancelled temporarily, in terms of these key coke enterprises, from Feb 1st on. If so, the fees cut can reach 53.4-91.4 yuan/t and these coke companies can save 1.26 billion yuan/t per year.
http://en.sxcoal.com/NewsDetail.aspx?cateID=178&id=22546
Shanxi cuts fees paid by coke enterprises
To help 130 key coke enterprises, develop normally during the world-wide financial crisis, Shanxi released a fee-cut policy for them, confirmed in the routine conference of Shanxi provincial government on Tuesday.
The fee paid by coke enterprises in Shanxi included 9 items, totaling 111.2 yuan/t, said Li Fulong, head of Shanxi Price Bureau.
According to this policy, except the water-related fees, all other fees will be reduced or even cancelled temporarily, in terms of these key coke enterprises, from Feb 1st on. If so, the fees cut can reach 53.4-91.4 yuan/t and these coke companies can save 1.26 billion yuan/t per year.
http://en.sxcoal.com/NewsDetail.aspx?cateID=178&id=22546
"Shanxi encourages coal-related enterprises to participate in coalmines consolidation"
Puda coal's goal appears to be the same as the provincial government they still need final approval from.
__________________________________
Shanxi is encouraging coal-related large enterprises to participate in coalmines consolidation by buying shares, for the purpose of speeding up the consolidation process during the coming two years.
"By the end of 2010, the number of coalmines in Shanxi should be under 1,000, and all mines should adopt fully-mechanized mining. The output of all coalmines and coal enterprises in Shanxi should above 900,000 tonnes and 3 million tonnes respectively," said Wang Shouzhen, head of Shanxi Coal department.
The 5 largest key State-owned coal enterprises (Datong Coal Mine Group, Shanxi Coking Coal, Lu'an Group, Jincheng Anthracite Mining Group and Yangquan Coal Mine Group), Shanxi Coal Transportation & Sales Group Co. and Shanxi Coal Imp &Exp Group Co. should respectively reorganize above 100 small coalmines. It is primarily estimated that there should be approximately 100 coalmines as the main bodies of the merger and consolidation.
The coal-related large enterprises, such as power, metallurgy, and chemical enterprises, were encouraged to participate in coalmines consolidation by buying shares.
http://en.sxcoal.com/NewsDetail.aspx?cateID=173&id=22527
joe
It might be worth running a search of "Shenzhen Kai Bi Te Tech" and it's chinese translation to see if anything comes up other than links back to the pr, or to the mention of it in the CHID SEC filings.
For a company with over 1 billion RMB in sales, it seems there should be some hint of it's existance beyond the CHID press release....
Also, "Fushun Li" for being a "Veteran Electronics Industry Executive" as the headline states, only seems to come up in searches in articles (or the filing) related to his new position at CHID.
I appreciate the author's points.
You state:
"I’m worried about size and getting uplisted. You think myst could get uplisted on 20M of revenues? Their net income is peanuts."
I would respond:
Is the company small with still modest revenues compared to other investment choices? Absolutely.
Is it ready for an uplisting? From what I can tell, absolutely not.
But neither mean that the stock should be avoided IMO.
As for the authors take on MYST in the "cloud computing" arena:
MYST is clearly not a leader in cloud computing- if it were it wouldn't be an OTC stock trading under $1/share.
But cloud computing in it's broadest application is merely a newer term for "older" internet services. Cloud computing per se is really only about providing scalable, on demand computing infrastructure/platform as a service, so you can pay for it when you need it, with most of the hassle (like OS/development software) automatically taken care of. The reality is "Cloud computing" is not new...it's what MYST has been doing with Subaye for several years now while growing revenues and income even during a global recession.
Good article on the hype of "Cloud Computing" here:
http://www.schneier.com/blog/archives/2009/06/cloud_computing.html
I completely respect differing opinions than mine on MYST as an investment. But to say (as the author of your email reply does) that MYST isn't a leader in cloud computing, therefore it should not be part of a China microcap collection of stocks is, at least in my opinion, short-sighted.
I judge a stock by the company's ability to grow revenue and net income while maintining a healthy balance sheet....which is what MYST has done in the last 12 months during a recession.
I am by no means suggesting anyone sell all other stocks and buy all the MYST they can buy here. But I do believe the company at current share prices is undervalued and represents an attractive opportunity for growth, and that as money gains rotate out of big recent movers in the China microcap sector, some of it will find it's way to MYST.
re; "My advice ? Next time, don't sell your stock so quickly and stick around for huge gains."
I have not sold yet...I'll know when its time to sell.
But I think this board would be better served if we focused on facts, and not rumors/innuendo of an uplisting that this particular company has not mentioned in their public statements or SEC filings. If they have communicated that to you personally as you claim and not to other investors, then shame on management for passing on inside information.
That said, the stock is still undervalued here which is why I bought it last week.
Good luck
The reverse itself isn't a problem.
The problem is when people state that company is going to uplist when the company itself has never stated that either publically or in their filings. Unfortunately, other people will buy the stock in anticipation of something that not only looks unlikely, but is not supported by facts.
Glen- stop on over at the MYST board- it's a dead one that hasn't popped- you might want to get some.
revs up 50% and net eps up 115%.
They're kind of a mini-Alibaba with their Subaye.com portal, and a mini-online educational/vocational training portal at Mystaru.com
Like GHII, LTUS, CHFI, CYXN, etc. this is one I've known about for a few years, and time to buy looks like now.