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I think you may be underestimating your trading velocity. Chances are, there may be a currency revaluation, even a 0.68RMB (small, 10%), which would increase EPS, which in turn may drive more investors into the ECSC arena, giving us a significant multiplier effect.
O guru, I am looking forward to some of that rubbing off on me in the coming year. May wishes come true. All the best.
Cheers.
"CYXN HEADSUP people it has 5M preferred shares convertable into 30M common. From what I understand after reading the 10Q!!"
Wrong tense, it HAD. The Chairman/CEO has already converted, and the VP/Director has already converted, so that's 20MM, out of a possible 30MM, to these 2 insiders. So with the Chairman/CEO owning (at least, since I have not loked at the actual holdings)at least 12MM out of 60MM, that's 20%, don't get the feeling he's going to sell anytime soon. Would you?
Want to give your exit points?
"As of December 29, 2009 there were 6,664,131 shares of our common stock issued and outstanding."
In order to acquire 31% of the company that they did not control, they issued shares, so that "As of December 29, 2009 there were 6,664,131 shares of our common stock issued and outstanding."
So $5.32 becomes $1.47
They pay 2 companies 40% and 10% to collect the subscription revenues, so why do they have $15.7MM A/R? where is this A/R coming from? and
"However, our customer base is small and our accounts receivable balances are usually over 90 days outstanding, and that exposes us to significant credit risk."
Entertainment and Media
Net Sales $10,275MM Expenditures $17,230
there was no clarification as to whether those expenditures fully covered the movie now being shown, and if I recall correctly, they only have a 30% interest in said movie, so this segment does not seem to be "contributing significantly".
SBAY
10K filed. Nothing new really, but a rather interesting table on Page F-26, which will certainly affect the PPS tomorrow.
10K filed. Nothing new really, but a rather interesting table on Page F-26, which will certainly affect the PPS tomorrow.
Dilution for what? Didn't they already get funds recently from Carlyle to complete the 5000 ton capacity plant?
Tomorrow may provide a buying opportunity, if the market is skittish, due to the idiot on the Northwest flight.
Even the guys over at Mr.Market Is Huge have a thread
http://www.mrmarketishuge.com/showthread.php?t=2360&page=13&highlight=jbii
CFQWF
China Fundamental Acquisition Co. (OTC: CFQCF) will bring public Beijing Wowjoint Machinery Co. Ltd., a Chinese construction machinery company. The SPAC aims to extend its deal deadline from May 2010 to May 2011 and has not announced its specific plans for how it will handle warrants through the transaction. At most, 35% of the SPAC’s shareholders can vote against the $44 million deal.
http://247wallst.com/2009/12/01/spacs%E2%80%99-dead-deals-new-deals-and-deal-votes-urx-kwic-cfqcf-tgy-nsaq-gsmef/
Do we have any indication that it was being shown outside of Beijing?
Seems like today it only has 8 cinemas with 14 screens, I wonder how long they had the "1000" screens?
http://www.mtime.com/showtime/
I think JT is right on the mark here, this Iran business continues to fester. Perhaps we could discuss the best moves to make, in order to protect our assets. For many here, we currently revolve around China, but other influences can have significant negative effects on us.
My intention all along was to provide a different point of view and show a different methodology in buying stocks.
How the hell am I going to learn anything, if there is only one dogma being propagated?
JADA, my final BAH HUMBUG post today.
JADA is a "bulk" supplier, not a manufacturer. They sell to folks who fashion jewelery and object d'art and home furnishings.
Over 75% of retail jewelery sales in over 75% of countries, is done in December. Retailers visit Jewelery shows in June (some July), and place orders for the Xmas season. Manufacturers then place orders with raw material supplies for the whole range - grain, sheeting, tubing, findings, chain, stones, etc. Thus, by August - September, the raw material suppliers have filled orders received - JADA.
Thus the 10K to September, more or less ends the selling season for those suppliers - JADA.
Manufacturers then fashion the pieces during Sept, Oct, Nov, for the Xmas season, with deliveries during Nov, and early December.
I just can't see folks lining up to place orders for raw jade, in November and December, which is why for Q4, I think they would be hard pressed to show EPS of $0.03
Disclosures - As can be seen from my profile, I spent over 9 years in the design and manufacture of precious jewelery.
Also, a few years ago, I did not do so well with JADE and JADEW.
TO Life, good health, family, friends, and pets. Nothing else really has any value, since we are merely transient on this orb. I hope we all were able to provide for our loved ones this year, and will be able to continue to do so in the coming years.
CKGT - my thoughts, and soon there may be a chorus of - BAH HUMBUG.
I current own 20 China stocks. I do not own CKGT, since I always had an uneasy feeling about the stock. A while back, there was the so-called "fraud" connection - I considered that to be a red herring, and just useless noise!
It's that land rights purchase which has a balance due of $6,815,304 "by December". Now I know, that a business is fluid, and we are only shown snapshots as of the end of quarters, but we work with what we have. As at 12/31/08, AR was $3.870M, with reserve for doubtful items at $979K. At 9/30/09, AR had dropped to $3.202M, but the reserve was up to $1.467M - a 50% increase! The nagging question is, were they being "conservative", and just how collectible during this quarter, are those receivables?
Balance due is $6,815,304 less CASH as of 9/30/09 of $3.399M, gives a target of $3,416,741 - a bit more than their AR.
So they needed financing, and that was the back-up Plan B, which was magnificent - 150,000 shares being sold to Seaside every 2 weeks, and they could pull the plug whenever they felt like it. But is that enough, have sales generated enough cash to cover day-to-day operations, and make up the balance due?
I think their error, was not to do a larger deal with an investor - which, from their performance, was quite within their capability.
Now comes the restatement issue, which, in the immortal words of Paul Newman seems to signify that "What we've got here is a failure to communicate" between management and their "auditor".
So with the restatement bad news out, I wonder why they did not try to balance it with the good news that the land rights balance due had been paid off. I wonder if we'll see that PR next week - it could very well negate the restatement news!
So don't get me wrong, I like the stock. What as a matter of principle, I cannot countenance is churning the account of an 83 year old widow, with 10,000 trades in a year, and that's why I'm not currently a holder !!
http://www.sec.gov/litigation/opinions/34-50543.htm
I wonder what sort of reception the company is going to have from NASDAQ and the SEC?
Will I buy, yes, but I think you can guess my condition.
GURC (formerly MDHO) new kid on the block.
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=6956458
LPIH
A couple sellers we know (the latter may be partly for services rendered?) -
Global Speculation LP 340,000
Includes (i) 120,000 shares of our common stock issuable upon conversion of outstanding shares of Series A convertible preferred stock (ii) 120,000 shares of our common stock issuable upon exercise of outstanding warrants and (iii) 100,000 shares of our common stock issuable pursuant to a make good escrow agreement, dated October 29, 2009. Glen Bradford has sole voting and dispositive power over the shares held by Global Speculation LP.
Matthew Hayden 463,638
Includes (i) 163,637 shares of our common stock issuable upon conversion of outstanding shares of Series A convertible preferred stock (ii) 163,637 shares of our common stock issuable upon exercise of outstanding warrants and (iii) 136,364 shares of our common stock issuable pursuant to a make good escrow agreement, dated October 29, 2009.
CHPN
formerly HMEX, another new kid on the block.
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=6898495
Unfortunately, 2009 sales = 2008
Some excerpts -
Cantix’s sales revenue for the fiscal years ended September 30, 2008 and 2007 were $35,590,341 and $1,970,673, respectively, and net income was $10,240,474 and $43,162, respectively. In the fiscal year ended September 30, 2008, $28,947,346.91, or 81.33%, of Cantix’s sales revenue, was generated from sales of its Polypeptide Protein Powder.
Most of our products are manufactured in our own production facilities on a 16,430 square meters site located in the Hannan Economic Development Zone, Wuhan City, Hubei Province, China. We currently have protein powder production capacity of 250 tons per annum.
Some of our nutritional supplements and personal care products are manufactured for us through contractual relationships with other manufacturing companies, in accordance with our own proprietary formulations. We work closely with such production facilities in an effort to achieve the highest quality standards and product availability.
We have a diversified sales network allowing us to effectively market products and services to our customers. Our sales and marketing department currently consists of approximately 295 full-time employees and over 300 part-time employees. In addition to sales efforts conducted directly by our internal sales team and other employees, we also use sales agents. We sell products from our two regional sales offices in Guangzhou and Wuhan, at community sales/customer service kiosks, and at organized sales events with related products in order to maximize cross-selling opportunities for our sales agents. These programs target specific consumer market segments, such as women, men or children, as well as weight-management customers and individuals seeking to enhance their overall well-being. Our sales offices and kiosks are strategically located in residential areas of high density, in strip malls and in other easy access locations. Our customers place orders for our products through sales representatives at our sales locations or at organized sales events or seminars and we deliver their orders directly to them. Our sales network covers twenty cities in China and includes thirty-two representative offices. We plan to expand our sales network to cover more Chinese cities, including Ningbo, Changsha, and Wuxi.
As of September 30, 2009, we had approximately 454 full-time employees and 300 part-time employees. The following table sets forth the number of our full-time employees by function as of September 30, 2009
CYXN
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=6954627
Is an 8K filing released today. WTF this guy did for 1MM shares and $35k, beats me, since the price keeps dropping!! Also, I just can't see what HC International did for them either!!!
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=6954627
Is an 8K filing released today. WTF this guy did for 1MM shares and $35k, beats me, since the price keeps dropping!! Also, I just can't see what HC International did for them either!!!
It's coal, so I can wait it out. Sat through BUCY from under $10 in March, and now it's approaching $60. Sitting on NBR at $36, and it's slowly coming back. Can afford to wait them out, thanks to China small caps.
Wake me up when it gets to my entry point, $2.50
There is also CFQUF, which is a bundle = 1 share + 1 warrant.
SBAY
These last 2 PR's appear to be a drowning man clutching for a straw!!
And I was looking to add to a position, but funds have 1 more day to clear!!
LOS ANGELES (MarketWatch) October 20, 2009 -- Brazilian stocks and the country's currency tumbled Tuesday following the government's decision to impose a tax on foreign fund inflows into securities, a move aimed at tamping down the surge in the markets.
Brazil's Bovespa index fell 2.9% to 65,303.11, its worst percentage decline since late June, but managed to fight its way back from an intraday fall of nearly 5%. The broad-based sell-off saw all of the 65 listed shares languish in the red.
Shares of stock exchange operator BM&F Bovespa were hit the hardest, registering losses of 8.4%.
80,00060,00040,00020,000021Shares of market heavyweight Petrobras /quotes/comstock/13*!pbr/quotes/nls/pbr (PBR 46.29, -0.27, -0.58%) fell 2% and mining company Vale /quotes/comstock/13*!vale/quotes/nls/vale (VALE 27.44, -0.01, -0.04%) fell 2.2%. Outside of the broader tax issue, investors assessed the iron-ore giant's investment plan of $12.9 billion in 2010, representing a 29% climb from investment in the 12 months ending in June of this year.
The Brazilian Finance Ministry late Monday imposed a 2% tax on foreign purchases of fixed-income securities and equities, effective Tuesday. Guido Mantega, Brazil's finance minister, reportedly said that the government wants to reign in "speculative" investment and to "favor production."
The currency took a 2.2% hit on Tuesday, with one U.S. dollar buying 1.749 reals compared with 1.711 reals on Monday.
"This is the usual reaction coming from foreign investors, particularly, when they know that the government is trying to lift barriers on capital inflows," said Alfredo Coutino, director of Latin American research at Moody's Economy.com. "Every time a government imposes capital controls, investors overreact but then they forget about it."
In ETF action, the iShares MSCI Brazil Index /quotes/comstock/13*!ewz/quotes/nls/ewz (EWZ 73.34, -0.03, -0.04%) closed with a 3.8% decline, clawing back from an intraday loss of more than 6%.
Last year, the government levied a 1.5% tax only on investment in fixed-income securities, but it was pulled as part of the government's response to the worldwide financial crisis.
The size and the breadth of the new 2% tax was larger than had been expected by investors, said RBC Capital Markets in a note late Monday, adding that it had cut its position on the real to underweight in its model portfolio.
The currency had been up about 38% against the dollar since the start of this year and the Bovespa was up nearly 80% before new tax was announced.
"The real weakened on the [tax] news, but it's still up for the year so you have to look at any weakness in the context of how strong everything has been," said David Riedel, president of Riedel Research Group, which specializes in emerging-market equity research.
Riedel said the tax move also signals the government's desire to "get away from being just a commodities player. They are willing to sacrifice their exports a little bit by having their currency up so much already, but they don't want it to go up too fast. But this is a reminder that these markets are up a lot, and policymakers are going to start to react."
The impact of the so-called IOF tax is likely to last for a short-term, but evidence from Brazil and other countries "suggests that taxation of inflows is not effective as a tool to permanently alter the exchange rate," wrote Itau Unibanco economists Aurélio Bicalho and Ilan Goldfajn in a note to clients Tuesday.
Itau Unibanco, the largest non-government run bank in Brazil, reiterated its forecast for Brazil's currency to settle around 1.70 at the end of this year, "and stable in real terms thereafter."
Elsewhere in Latin America, Mexico's IPC reversed earlier losses and rose 0.2% Argentina's Merval lost 0.3% and Chile's IPSA shed 0.3%.
Carla Mozee is a reporter for MarketWatch, based in Los Angeles
Q3 highlights -
Net Operating Revenue (NOR) came to R$ 542.3 million in the 3Q09, 16.7% and 0.3% more than the 3Q08 and 2Q09 , respectively.
Year-to-date NOR totaled R$ 1,576.2 million , 24.1% up on the same period in 2008.
EBITDA totaled R$ 83.8 million in the 3Q09, 21.8% up year-on-year and 5.0% higher than the previous quarter .
The EBITDA margin stood at 15.4%, a 0.7 p.p. improvement over both the 3Q08 and 2Q09.
The Company posted 3Q09 Net Income of R$ 32.2 million , 28.9% more than in the 3Q08 and 8.2% up quarter-on-quarter .
Contax acquired five new clients in the quarter, mostly in the financial and telecom segments.
In the 3Q09, Contax had seven cases awarded by Consumidor Moderno, notably the Call Center of the Year Grand Prix . It also had two winning cases in the first edition of the Prêmio Abrarec awards, in the Retail and Bank categories.
Bucyrus International to buy Terex's mining equipment division for $1.3 billion
http://finance.yahoo.com/news/Bucyrus-to-purchase-Terex-apf-2882211775.html?x=0&.v=4
Any idea what happened to ARA BRP TCN TMB VCP SDA
SDA was Saadia, pork producer that I did some trades with, then it disappeared!!
ABV BAK BBD BIK BKF BOBS.OB BRF BRFS BTM CBD CIG CPL CZZ EBR ELP ERJ EWZ GFA GGB GOL ITUB NETC PBR SBS SID TAM TNE TSP TSU UBB UGP VALE VIV
So now we know, SBAY only gets 30% of the take, and the good news is, that it could be even less!!
GUANGZHOU CITY, China, Dec. 16 /PRNewswire-Asia/ -- Subaye, Inc. (OTC:SBAY) (BULLETIN BOARD: SBAY) ("Subaye" or the "Company") a leading video advertising and entertainment media company in China, announced new details today regarding "Dayoucun." Dayoucun is now scheduled to be released in Taiwan and Hong Kong, in addition to the nationwide release in China. Additional releases in other Asian countries are possible depending upon the box office receipts. Subaye is the owner of the motion picture, DVD, internet broadcast and television copyrights to Dayoucun. Subaye has estimated its share of the box office receipts will be approximately 30%, although the actual share of the box office receipts are dependent on a variety of factors including the actual box office receipts, the actual promotion costs and actual taxes charged on the box office receipts. The box office receipts for December 2009 will be announced shortly after December 31st. Subaye also hopes to generate additional revenues from the DVD, internet broadcast and television copyrights for Dayoucun beginning in July, 2010. The initial promotions for Dayoucun have begun. A feature page was recently released at http://ent.sina.com.cn/f/m/dayouqiantu/index.shtml and includes initial reviews of Dayoucun
Piggy-backed on JOYG, which looks like it may post over BUCY's $1.21, so hopefully we can get close to $56 tomorrow.
Interesting observation over on Yahoo board - competition between JOYG and BUCY for bragging rights, has Joy posting more that BUCY's last quarter, and that in turn is boosting BUCY even more! lol
Thanks for the update. I am usually on the bandwagon of 3 names, and they have 2 out of the 3 good names going for them, HC and Barron, the third being Carlyle.