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SBAY - appears that HC International is new IR !!!!!!!
see last page
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6838699
Can't wait to see it in the $18's again, so I can break even.
CHGS
There was another earlier presentation in March -
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7107086
and there is even more information at RedChip, that has not been mentioned in either of those 2 filings, e.g. -
# CHGS recently secured their first carbon silicate contract with a Taiwanese vendor for 300-1,000 metric tons per month. This contract could be worth anywhere from $20-$40 million.
At the high end, that could convert to a YoY revenue increase of at least 70%. Since it began listing on AMEX, March 4, 2 subsequent days saw high's of $4.30 and $4.35 on 1.56M and 1.34M shares, now it has been led down to $3.00 ?????
Possible explanation - there was a bid in at .51, and someone entered a sale at MARKET, and poof..... some lucky punter got a gift.
Holding since 10/16/09. Not exactly a great investment !!
Damn sorry that I'm stuck with 2200 @ $2.08
CRANE = KISS OF DEATH !!!
Kind of reminds me of the movement of CREG, CHGI, CHGS, YYIN - simply unbelievable
CPQQ....Isn't the new 5,000 ton plant up and running now - Q1, 2010?
SGZH
On the other hand, they did no kind of move up, while SCOK was running. Now that SCOK may be going in the other direction, lets hope it does not choose now, to get on that bandwagon!
CPQQ stalking CHGS......nice!!!
Do you think CKGT has a chance at uplisting, with their current auditor?
SGZH
Obeying the old adage, what goes up must come down. Still behaving like a dog.
LTUS
YA Global Master SPV Ltd invests up to US$10,000,000 in Lotus Pharmaceutical, Inc. through Equity Line Facility
YA Global Master SPV LtdAZs makes its first Chinese investment for the Year of the Tiger with an investment in the fast growing healthcare sector in China
(Beijing/Hong Kong/New Jersey, March 3, 2010) Lotus Pharmaceutical, Inc. ("Lotus"or the "Company" ), United States OTC Bulletin Board ("LTUS:US"), today announced that it entered into a US$10,000,000 Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("YA Global"), a fund managed by Yorkville Advisors, LLC of Jersey City, New Jersey USA ("Yorkville"). YorkvilleAZs Hong Kong office advised on the transaction.
Lotus engages in the production, trade, and retail of pharmaceutical products in the People's Republic of China (PRC), Lotus plans to use the funds for the groupAZs general corporate and working capital purposes. Lotus currently sells twenty prescription drugs covered by the National Health Insurance Program in the PRC, and four of which are self-produced. The Company operates GMP certified facilities, with direct sales channels to 42 hospitals and a national sales network through 10 regional centres in the PRC.
Dr. Liu Zhong Yi, Chief Executive Officer and Chairman of Lotus said, A°We are extremely pleased to welcome Yorkville as a long-term capital partner to Lotus. The partnership will assist our development into a leading player in the growing pharmaceutical market in China. The SEDA allows Lotus, at its discretion, to draw down a total of US$10,000,000 of equity capital in tranches pursuant to the terms of our agreement. This provides additional flexibility to fund our growth strategy,Aa he said.
Anthony Chan, Managing Director and Head of Asia at Yorkville HK said, A°We are pleased to become a capital partner to Lotus, which is an emerging leader in the high growth pharmaceutical sector in China. Lotus is based in Beijing and possesses an attractive portfolio of pharmaceutical products which it is licensed to produce and market through its extensive distribution network across China. In addition, the Company has exciting products in the pipeline pending final SFDA approval status and is engaged in the sale of over the counter drugs. The pharmaceutical sector in general is fast growing, on the back of rapid economic development and increasing demand for quality healthcare from the public.Aa
Philip Ho, Senior Managing Director and Head of Global Capital Markets for Yorkville added, A°This investment continues our expansion of investments into the Greater China region and extends our focus in the healthcare sector. Our investment in Lotus is indicative of our global investment approach and we look forward to becoming a long term partner and to providing financial support to aid the CompanyAZs expansion strategy.Aa
About Lotus Pharmaceuticals, Inc.
AA
Lotus Pharmaceuticals, Inc. engages in the production, trade, and retail of pharmaceuticals in the People's Republic of China. Lotus operates through its two controlled entities: Liang Fang Pharmaceutical, Ltd. and En Ze Jia Shi Pharmaceutical, Ltd. LotusAZ current drug development pipeline is focused on the treatment of cerebro-cardiovascular disease, asthma, and diabetes. Liang Fang sells drugs directly and indirectly through its national sales channels to hospitals, clinics and drugstores in 30 provinces of the PRC. Its self-produced products include four drugs covered by the National Health Insurance Program: Valsartan for treating hypertension or high blood pressure; Brimonidine Tartrate, a drug used to constrict adrenaline receptors; Nicergoline for Injection, an a-receptor blockage nerve system blood-brain medicine; and Levofloxacin, an anti-bacterial drug for the treatment of mild, moderate, and severe infections caused by susceptible strains of the designated microorganisms in conditions, such as acute maxillary sinusitis, acute bacterial exacerbation of chronic bronchitis, community-acquired pneumonia, and acute pyelonephritis, as well as complicated and uncomplicated skin and skin structure infections, and urinary tract infections.
The CompanyAZs product pipeline pending final SFDA approval status includes Isosorbide Mononitrate-Sustained Release Tablets for cardiovascular disease, Gliclazide-Controlled Release Tablets for Type 2 diabetes and Laevo-Bambutero for asthma. Lotus PharmaceuticalsAZ products under pre-clinical studies comprise Lovastatin, Verapamil Hydrochloride, and Valsartan-Controlled Release tablets.
Lotus is also involved in the retailing of both Western and traditional Chinese medications and medical treatment equipment, research and development, leasing space to various retail merchants and licensed medical practitioners, and the sale of developed drug formulas. It currently operates 10 drug stores in Beijing.
AA
About Yorkville Advisors and Yorkville Advisors HK
Founded in January 2001, Yorkville specializes in providing flexible and cost-effective debt and equity financing to publicly listed companies worldwide. Yorkville has a broad investment mandate and the flexibility to invest across many geographies as well as sectors, including healthcare, natural resources, technology media & telecommunication, industrials and shipping.
Yorkville Advisors HK Limited (A°Yorkville HKAa), a SFC registered entity, is the Hong Kong-based wholly owned sub-advisor to Yorkville, which is the investment manager to a family of funds.
Yorkville has offices in Jersey City, New Jersey; Jupiter, Florida; Denver, Colorado, London and Hong Kong. It also has joint venture agreements in Italy, Greece and Israel.
~ Ends ~
AA
AA
For media enquiries, please contact:
Yorkville Advisors:
Mr. Joshua Goldman-Brown
Kreab Gavin Anderson
Phone: +852 2218 9952
Email: jgoldman-brown@kreabgavinanderson.com
AA
For media enquiries, please contact:
Lotus Pharmaceuticals Inc:
Yan Zeng
CFO
Phone: +8610 6389 9868
Email: zy@lotuspharma.com
AA
IMPORTANT DISCLOSURES
AA
The information contained herein is for informational and discussion purposes only and is not intended to be, nor shall it be, construed as legal, tax or investment advice or as an offer, or the solicitation of any offer, to buy or sell any securities. Before entering into any investment you should thoroughly review the respective transaction documents with your legal, tax and investment advisors.
References to YorkvilleAZs investments consist of opportunities to finance companies in the future. These transactions may or may not be consummated. You should be aware that past performance is not necessarily indicative of future results and an investment involves the risk of loss.
Yorkville Advisors HK, Limited (a sub-advisor to Yorkville Advisors, LLC) is, located at 10/F., Jardine House, 1 Connaught Place, Central, Hong Kong and is registered by the Securities and Futures Commission (SFC) in Hong Kong CE No. ASD850.
This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words A°estimate,Aa A°project,Aa A°intent,Aa A°forecast,Aa A°anticipate,Aa A°plan,Aa A°planning,Aa A°expect,Aa A°believe,Aa A°will likely,Aa A°should,Aa A°could,Aa A°would,Aa A°may,Aa or words or expressions of similar meaning. Such statements are not guarantees of future performance and could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including, but not limited to, changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, increased costs, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, the time to get new drugs approved by the State Food and Drug Administration and other factors. Additional information regarding risks can be found in the Company's Annual Report on Form 10K and its prior filings with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.
AA
Perhaps as a stock dividend.
CYXN
It should be interesting to see what games are played with this one. As with most R/S's, they take the opportunity to increase the A/S from 75M to 100M. They still have 1,666,667 preferred to convert at 6 to the common, so that's another 10M of "management" dilution.
At least, the PPS could be over $5.00 with a 1 for 10, and definitely so with a 1 for 15. A plus would be the low float of 2.04M shares with a 1 for 10 - new O/S would be 5,664,893
The way that sounds, is that the accrual period starts on day 146, and ends on the uplist date.
It's a contract, and will be enforced! If it is not, then it would send a message to others, that it's okay to dawdle, that our investors enter into contracts that they will let slide.
Kinda nervous about this one, they took 6 days off trading last month, took yesterday off, and they havn't reported for work today as yet. That sort of behaviour tends to get you fired from portfolios!
Leopards do not change their spots.
We just went through that scenario - "The merchant service providers were compensated with a total of 320,000 shares of the Company’s common stock valued at $2,560 thousand on October 2, 2009."
They spend $6M on a movie, and earn $26,000.00 in 10 days on 1,000 screens - simply mind boggling.
We know they signed up over 3,000 members at the trade show late last year, so exactly what does it cost to get 12,000 "members".
Of course, they further attempt to pull the wool over our eyes, by the use of the word "members", it's the old dot com reference to "eye-balls".
Sadly, a bamboo curtain has descended around the company. How sad, that they would put out a PR about a purchase, and be ashamed to say what they paid for it, and how.
What are you looking for on this?
I've been in it for years - it has simply gone from being a puppy, to being a dog!
YYIN
Glen can you please elaborate, perhaps you may have support and resistance levels, any guidance?
YYIN too expensive (opportunity cost)
This made me decide to hold on.
Posted by: burp Member Level Date: Sunday, January 17, 2010 2:34:16 PM
In reply to: stiffler68 who wrote msg# 25055 Post # of 30258
COAL STOCKS Just doing a little digging around...reading some older financial statements from SGZH aka Songzai Coal ....as we wait for the 10K I checked out the old prices they were selling coal for......the 9month ending sept 30 2008 they were selling at an avg of 30.39 per ton....the 9months ending 2009 they got 50.79 and now i'm reading articles were coal is tapping $100.00 a ton.....just want to have it on the record as I believe SGZH could be a $25 stock within 30days of the coming 10K.
I wonder if it is because the CFO now lives and works in Beijing, China.
http://www.jcraneco.com/news.html
7/7/2009
J Crane and Company is pleased to announce that it's founder, James Crane and his family will be moving to China on September 1, 2009 as both J Crane and Company and it's clients are continuing to expand operations in China. Mr. Crane's sole focus will be the firm's Chinese clients. J Crane and Company is also happy to announce that William Keane will be in charge of the firm's operations in the US.
I believe the 40% revenue sharing agreement with CNC is still in place. That agreement had to do with bandwith and keeping the website working.This agreement looks like it will replace the other agreement for 10% of revenues.
Looks like that is correct, it only replaces the 10%. The latest 10Q says 2 merchant service providers, doing 2 tasks, while the 10K of 6/30/2009 has those said 2 tasks being performed by 1 merchant!!!
From 10Q 12/31/2009
Subaye.com entered into agreements with two merchant service providers on October 2, 2009. The merchant service providers have two tasks: (i) to assist the members of www.subaye.com in preparing each member's corporate branding video, which is to be uploaded to www.subaye.com and (ii) to assist Subaye.com with the daily operations of www.subaye.com and more specifically, to collect the monthly member fees, which are currently paid in cash, from the members of www.subaye.com. Collecting these cash receipts, tracking which customers have paid and which have not, and remitting the cash to the Company, is a time intensive project each month. Subaye.com has never experienced collection issues and does not expect any collection issues to occur in the future. The merchant service providers were compensated with a total of 320,000 shares of the Company’s common stock valued at $2,560 thousand on October 2, 2009. Each agreement is for a term of three years. The Company amortizes the compensation provided to these merchant service providers over the three year term and records its revenues net of this stock compensation paid to the merchant service providers, in accordance with ASC 605-45. The Company believes net revenue presentation is reasonable given that it shares the obligation to perform with these merchant service providers with regard to its membership contracts with its customers.
From 10K 6/30/2009
Subaye.com has an ongoing agreement with SSTH Limited (“SSTH”). SSTH is a merchant service provider contracted to complete two tasks: (i) to assist the members of www.subaye.com in preparing each member's corporate branding video, which is to be uploaded to www.subaye.com and (ii) to assist Subaye.com with the daily operations of www.subaye.com and more specifically, to collect the monthly member fees, which are currently paid in cash, from the members of www.subaye.com. Collecting these cash receipts, tracking which customers have paid and which have not, and remitting the cash to Subaye.com, is a time intensive project each month. In October 2006, Suaye.com and SSTH Limited orally agreed to allow SSTH Limited as much as 90 days in order to collect all cash receipts from any particular month. Subaye.com determined it would provide the merchant services provider flexibility with regard to remitting cash to Subaye.com so that the merchant services provider could focus its efforts on collecting fees from the members of www.subaye.com. Subaye.com has never experienced collection issues with regard to the merchant services provider and does not expect any collection issues to occur in the future. SSTH is compensated such that SSTH receives ten percent (10%) of Subaye.com's gross membership fees, payable on a monthly basis at the end of each month. The Company records its revenues net of the fees paid to SSTH, in accordance with Emerging Issues Task Force Issue No. 99-19 (“EITF 99-19”). The Company believes net revenue presentation is reasonable given that it shares the obligation to perform with SSTH with regard to its membership contracts with its customers. The Company also does not believe it has the ability to replace SSTH with another comparable internet and webhosting provider. Lastly, the allocation of fees to SSTH is based on a fixed percentage portion of the membership revenues earned from membership fee transactions.
Sad news -
63,000 * $60 * 12 months = About 45 million in revs for 2010
appears to be Grossly innacurate -
from the bottom of page 4 of the 10K of 9/30/2009 -
"Our corporate video uploading services users totaled 63,311 members as of November 30, 2009. Our paying members are charged a monthly fee of approximately 800 Renminbi, or $120. As of November 30, 2009, we had 17,299 paying members. The remainder of the members are utilizing the website free of charge for varying periods of time based on our promotional activities."
SBAY
Never thought I would say this, but Crane seems to have gotten something right!!Guess we'll have to wait on the revised guidance. So the company will now get the full $120.00 per month membership. However, for the first time, neither the PR nor the 10Q gives a membership figure - ah, there's the old Crane!!
Subaye.com entered into agreements with two merchant service providers on October 2, 2009. The merchant service providers have two tasks: (i) to assist the members of www.subaye.com in preparing each member's corporate branding video, which is to be uploaded to www.subaye.com and (ii) to assist Subaye.com with the daily operations of www.subaye.com and more specifically, to collect the monthly member fees, which are currently paid in cash, from the members of www.subaye.com. Collecting these cash receipts, tracking which customers have paid and which have not, and remitting the cash to the Company, is a time intensive project each month. Subaye.com has never experienced collection issues and does not expect any collection issues to occur in the future. The merchant service providers were compensated with a total of 320,000 shares of the Company’s common stock valued at $2,560 thousand on October 2, 2009. Each agreement is for a term of three years. The Company amortizes the compensation provided to these merchant service providers over the three year term and records its revenues net of this stock compensation paid to the merchant service providers, in accordance with ASC 605-45. The Company believes net revenue presentation is reasonable given that it shares the obligation to perform with these merchant service providers with regard to its membership contracts with its customers.
Let's take a look at your calculation -
63,000 * $60 * 12 months = About 45 million in revs for 2010
I'm assuming that your $60 was based on the fact that membership is $120.00 per month, and they gave away 50% (40%+10%) to the two processing merchants.
Well the good news is, that arrangement is OVER. But at the same time, your "and management can stop issuing stock to pay for everything." was a bit premature.
HOWEVER, you will notice that this is the only issuance from the company, that DOES NOT STATE the membership figure.
Subaye.com entered into agreements with two merchant service providers on October 2, 2009. The merchant service providers have two tasks: (i) to assist the members of www.subaye.com in preparing each member's corporate branding video, which is to be uploaded to www.subaye.com and (ii) to assist Subaye.com with the daily operations of www.subaye.com and more specifically, to collect the monthly member fees, which are currently paid in cash, from the members of www.subaye.com. Collecting these cash receipts, tracking which customers have paid and which have not, and remitting the cash to the Company, is a time intensive project each month. Subaye.com has never experienced collection issues and does not expect any collection issues to occur in the future. The merchant service providers were compensated with a total of 320,000 shares of the Company’s common stock valued at $2,560 thousand on October 2, 2009. Each agreement is for a term of three years. The Company amortizes the compensation provided to these merchant service providers over the three year term and records its revenues net of this stock compensation paid to the merchant service providers, in accordance with ASC 605-45. The Company believes net revenue presentation is reasonable given that it shares the obligation to perform with these merchant service providers with regard to its membership contracts with its customers.
SBAY
I don't know if this is a good or bad thing, but somehow I don't feel that Crane is going to get these shares. How audacious, to be paid to do a job, then expect to get a bonus for doing the job you are paid to do.
Contingent Stock Issuance
On September 18, 2009, the Company entered into a six month consulting agreement with an entity wholly-owned by the Company’s Chief Financial Officer. In accordance with the terms of the consulting agreement, if during the term of the consulting agreement, the Company successfully obtains a listing on a stock exchange such as the NASDAQ Global Market, NASDAQ Capital Market, NASDAQ Global Select or NYSE Amex, the entity will be awarded a stock issuance of 10,000 shares of common stock. As of February 12, 2010 the Company has applied for a listing on the NASDAQ Global Market but has not yet received approval for the listing.
I don't know if this is a good or bad thing, but somehow I don't feel that Crane is going to get these shares. How audacious, to be paid to do a job, then expect to get a bonus for doing the job you are paid to do.
Contingent Stock Issuance
On September 18, 2009, the Company entered into a six month consulting agreement with an entity wholly-owned by the Company’s Chief Financial Officer. In accordance with the terms of the consulting agreement, if during the term of the consulting agreement, the Company successfully obtains a listing on a stock exchange such as the NASDAQ Global Market, NASDAQ Capital Market, NASDAQ Global Select or NYSE Amex, the entity will be awarded a stock issuance of 10,000 shares of common stock. As of February 12, 2010 the Company has applied for a listing on the NASDAQ Global Market but has not yet received approval for the listing.
burp - Crane is also IR of SBAY
On September 18, 2009, the Company agreed to issue 20,000 shares of common stock to Virtrius Limited, an entity wholly-owned by the Company’s Chief Financial Officer, for marketing and investor relations services...
SBAY
How strange, that some things get warped, especially when it comes to Jim Crane.
The PR states - "Our third Asian motion picture investment, Dayoucun, generated only minimal revenues for the period from release, December 22, 2009 through December 31, 2009. Dayoucun was released in theatres at the same time as certain other major motion pictures and faced very strong competition."
The 10Q says - "Our third Asian motion picture investment, Dayoucun, generated $26 thousand in revenues for the
period from release, December 22, 2009 through December 31, 2009. Dayoucun was released in theatres at the same time as certain other major motion pictures and faced very strong competition."
So what were they expecting, that it would face very weak competition?
From the 10Q, Dayoucun has been edited to "a movie"? Why?
"Also, cost of sales ot the trading services segment increased by $1,340 thousand due to increased sales and the entertainment media segment experienced a large increase in cost of sales for advertising related to the release of a movie, in the amount of $1,297 thousand.
From the 10Q -
"The net additional investments in copyrights for the 3 months ended December 31, 2009 totaled $6,828 thousand." Since no breakdown is given, one is left to wonder if it means that Dayoucan cost in the vicinity of $6 million to make?
From the PR
"On December 22, 2009, "Dayoucun," the Company's third significant motion picture investment in Asia was released nationwide in over 1,000 cinemas as well as in Hong Kong and Taiwan."
So over a 10 day period, in over 1,000 cinemas they grossed an average total of $2,600.00 per day?? That stinks as well as sucks!!!
Something seem to be "lost in translation" (pun intended) Mr. Crane, you do not spend $7 million for a return of $26 thousand, and consider it a "significant motion picture investment."
Obviously it bombed at the box office, which is why it took 7 weeks to say so, despite the pronouncement -
In a press release dated December 16, 2009, titled - Subaye Provides Update on 'DAYOUCUN', it was stated , "The box office receipts for December 2009 will be announced shortly after December 31st."
On January 21, 2010 I emailed you IR person, C.French for a timeframe on "shortly after", and am still awaiting the courtesy of a reply, so now when I read that "management is revising its 2010 forecast and will release its revised guidance as soon as possible" I consider them to be words without meaning.
How strange, that some things get warped, especially when it comes to Jim Crane.
The PR states - "Our third Asian motion picture investment, Dayoucun, generated only minimal revenues for the period from release, December 22, 2009 through December 31, 2009. Dayoucun was released in theatres at the same time as certain other major motion pictures and faced very strong competition."
The 10Q says - "Our third Asian motion picture investment, Dayoucun, generated $26 thousand in revenues for the
period from release, December 22, 2009 through December 31, 2009. Dayoucun was released in theatres at the same time as certain other major motion pictures and faced very strong competition."
So what were they expecting, that it would face very weak competition?
From the 10Q, Dayoucun has been edited to "a movie"? Why?
"Also, cost of sales ot the trading services segment increased by $1,340 thousand due to increased sales and the entertainment media segment experienced a large increase in cost of sales for advertising related to the release of a movie, in the amount of $1,297 thousand.
From the 10Q -
"The net additional investments in copyrights for the 3 months ended December 31, 2009 totaled $6,828 thousand." Since no breakdown is given, one is left to wonder if it means that Dayoucan cost in the vicinity of $6 million to make?
From the PR
"On December 22, 2009, "Dayoucun," the Company's third significant motion picture investment in Asia was released nationwide in over 1,000 cinemas as well as in Hong Kong and Taiwan."
So over a 10 day period, in over 1,000 cinemas they grossed an average total of $2,600.00 per day?? That stinks as well as sucks!!!
Something seem to be "lost in translation" (pun intended) Mr. Crane, you do not spend $7 million for a return of $26 thousand, and consider it a "significant motion picture investment."
Obviously it bombed at the box office, which is why it took 7 weeks to say so, despite the pronouncement -
In a press release dated December 16, 2009, titled - Subaye Provides Update on 'DAYOUCUN', it was stated , "The box office receipts for December 2009 will be announced shortly after December 31st."
On January 21, 2010 I emailed you IR person, C.French for a timeframe on "shortly after", and am still awaiting the courtesy of a reply, so now when I read that "management is revising its 2010 forecast and will release its revised guidance as soon as possible" I consider them to be words without meaning.
Is it trading today?
Another PR
AS PTO, LLC Enters Into JV/License Agreement With ES Resources, LLC for First P2O Processing Site in Florida
http://finance.yahoo.com/news/AS-PTO-LLC-Enters-Into-pz-1883257357.html?x=0&.v=1
I just put a bottle of bubbly in the fridge. I will be toasting the JBII crew, and all Canadians tonight, as I watch the Olympics, and hope that Canada wins a bunch of medals!
Fri 12 Feb, 8:00 am New York = Tokyo 10:00 PM.
http://www.timeanddate.com/worldclock/fixedtime.html?month=2&day=12&year=2010&hour=8&min=0&sec=0&p1=179