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SINO reiterated at buy after earnings report:
https://www.smarteranalyst.com/brief/maxim-group-thinks-sino-global-shipping-americas-stock-is-going-to-recover/
Net value $17 million. Market cap at $14.8 million. Trading below it's net value when many stocks have a market cap at 4x their net value?
20 cents per share was used to upgrade IT and new offices expenses. So they make money, but expanding comes at a cost.
I fear more terrible-terms dilution to finance their growth.
Plenty of sales. Now I know (too late) about their past comparison to Amazon. (Sales without profit, I guess). Trouble is shareholders aren't jumping on board like Amazon. I am unsure how they expect to start profiting or when they back off from expenditures to gain sales. Still holding.
No sino?
Still here. Something has to budge (one way or the other)
How in the world can anyone predict future revenue with all the buying and selling of ships?
Any news on the shareholder lawsuits?
I had to invest a lot more money in this thing to get my average down to $1.97. I hope it pays off. I will either win big or lose big.
Sichuan Changjiang has a financial division. My bet is they are the "investors" that received the warrants.(Thus sharing the future sino upside)
It was just a matter of time. More to come. Patience is the key.
Page 24:
As of March 31, 2018, the Company provided a 10% allowance for doubtful accounts of the amount due from Zhiyuan. The Company expects that the above balance will be collected by March 2019.
As of March 31, 2018 and June 30, 2017, the outstanding amounts of advance to suppliers-related party consist of the following:
March 31, June 30,
2018 2017
Zhiyuan International Investment & Holding Group (Hong Kong) Co., Ltd. $ 3,601,421 $ 3,333,038
Total $ 3,601,421 $ 3,333,038
Who is the $1.182 million write off(Zhiyuan the whole amount?) and will they pay at a later date, adding to EPS?
Quite confusing, considering Perwaja Steel is liquidating.
No revenue under Bulk Cargo Container Services, meaning no revenue from the latest sulphur contract(shipping was suppose to start in March.)
No video chart or opinion on sino after another run up and no severe dropoff?
We are not the only ones trying to establish a shipping platform:
https://www.reuters.com/article/us-maersk-blockchain-ibm/maersk-ibm-to-launch-blockchain-based-platform-for-global-trade-idUSKBN1F51DE
What happened to the projected BDI rise this year? It should have happened by now.
Meima, I have wondered the same thing. I thought this was suppose to be shipping's good year, as shipping and availability tightened.
Large sulphur contract was suppose to start in March, but no word. I hope there were no hangups.
You know why. GE involvement.Lack of trust.
Depends on what China does, as to whether SINO will be affected by today's tariffs.
I agree, as our CEO used to work for them. A more important question: What to do about our largest shareholder (and customer) that isn't paying his bills to us.
The trial runs suggest their is a need:
http://news.sino2008.com
SINO thinks their web/computerized system of linking all parties is the answer
COSCO lowered their price in containerized to at/below bulk rates, thus making containerization more competitive. That's my interpretation.
Nothing new in today's letter, except asking for patience.
Look at last week's news.
I can admit substantial losses and I am relying on the Power Of Prayer. It's all I got.
Well, we all have different opinions I guess. I don't see this in the low $1s for very long.
Check 2 year chart. Last time it got this low, it bounced to $14.
The need for money (new contract) will be announced very soon.
All gaps get filled eventually, so they say.
In the last 10q, they mentioned buying U.S. pinewood and shipping it to China using COSCO reduced shipping rates. Maybe they need the fundd for that
Thanks. I never fully understood warrants. So it's in everyone 's best interest that the price goes up considerably from here
Am I reading this right? They are selling 2m shares, then giving 4m warrants, all for a $2.6m net? So they gave away 55-60% of the company for $2.6m?
One week after offering close last year, sino started their news releases.
I think 550,000.
Total amount of offering was $4.77m. CVI was less than $2m
I wonder where the $3.20 placement share owners are from last year? Still holding or did they dump?
Him owning shares being a front for getting free money? I hope not.