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And what exactly is your point? You don't have one. You just think you do. You are saying, a substantial dividend is bad for the share price because the stock is down 24%. ROFL.
Thanks. Feeling good today.
Wrong again. Companies as profitable as CSGH, usually don't go private below 80% of book value. In CSGH's case $1.10, maybe more. And I have the stats to back it up.
Basically it boils down to this. The members of the board of directors can't accept an offer that is not in the best interests of the shareholders. They could be sued if they do. And an offer below book value clearly is not in the best interests of the shareholders if... the company is highly profitable.
What this means in practical terms is that CSGH will not go private. Unless someone wants it badly.
Wrong, wrong, wrong.
"I am tired of hearing people (including lawyers) tell me that there is no point to litigating in China because it will be so expensive and “they have no laws there anyway.” Wrong. And Wrong. Litigating in China is typically costs less than litigating in the United States and China does have laws. Mind you though, the laws and the judicial decision-making will be different."
http://www.chinalawblog.com/2012/03/litigating-in-china.html
Educate yourself.
Did you find out something about CSGH?
I have some very interesting information for you, but first you need to give me something
Told you on Nov 19th, it's a dumper.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81638831&txt2find=nite
About SIAF, who else?
There used to be volume restrictions for non-affiliates as well, and there had to be an intent to invest. The SEC changed all that and made it easier for them to sell their stock. But I don't think they had in mind what is transpiring in front of our eyes. I mean, I can send out warnings to newbies every day but it's not really my job.
I'm thinking about filing a complaint with the SEC. Share price manipulation is exactly what they are trying to prevent.
Don't know.
You would think that the dumpers would take the rest of the day off after dumping 130k into the bid and give the stock some room to breathe. But no... we must have multiple dumpers competing for the lowest ask, inevitably pushing us below 0.50.
Peanuts for a company that made $22.7M in one quarter.
It probably has a faster pay back time than any of the other projects.
I think he was referring to retail shops. Why would a wholesale shop be capital intensive? It's costing them something like $3.5M to construct it and the JV-partner is paying for it.
I have a feeling Solomon is setting money aside for a big restaurant chain. Other options? Acquire a big stake in SJAP, possibly acquire the land as they have done before in Linli.
Nice picture of windbreak trees.
http://upload.wikimedia.org/wikipedia/commons/0/00/FieldWindbreaks.JPG
You can see how simplistic the human brain functions because 0.40 is cheap and 0.60 is expensive. Asif those 20 cents matter with a $34 stock.
You mean, support level. We are at a critical stage now. Either we bounce off 0.50 or we drop below. There are no support levels below 0.50. Solomon has eaten up all of them already. But, 0.40 may hold if we drop below 0.50. I don't see how we can hold 0.50 with the dumpers still active unless we get a big buyer inducing some confidence. The fact is, we are in a world of trouble. And Solomon is not learning...
Yes, we are very much dependent on the intentions of management. That's why I've kept a close eye on this. Both companies are profitable so it's not likely that they will file a form 15.
CBEH is the Chinese variant of RTK. But it's a 100 times cheaper and three times the size of RTK. Same technology, basically. So it's not a matter of confidence, more a matter of value.
Both these companies got screwed by the shorts, evidently.
Let's see if they can both make it. I just need one.
Well, they have a lot of land. LOL.
In the 6% category it's SCEI and CBEH. With a focus on CBEH because I've upgraded it recently. Both companies will report earnings and then they will either relist or go private.
In the 10% category it's ABAT, my number 2 stock. They will relist next year. Still having some fun with the class action lawsuit. Not going private. They will emerge from the depths of hell and shock the world.
SIAF is in the 30% category, my number 1 stock.
No comment.
CAST and YHGG both trading at 3% of book value. "Cheap" is relative in this sector I have couple on my buy list that are trading at 6% of book value with enormous potential.
Too risky, IMO. Looks like they are on life support. Could be a toxic instrument as well. Should also check out reputational damage to CEAI, another one in the educational space. Could file for BK or shareholders will face massive dilution.
"Chartered accountant" is the equivalent of a Certified Public Accountant (CPA) in the US.
The Institute of Chartered Accountants in England & Wales
CA, Chartered Accountancy
1972 – 1979
Perhaps it is time to hire a CFO
We also know that he doesn't review the quarterly reports very well before signing off on them. Which begs the question, who is in control of this company?
They completely misjudged the effect that dumpers would have on the share price, if you ask me.
So... if they issue notes which are convertible for equity upon a future event, as we have seen in September, then Solomon should have known in August that we won't end the year with 84M shares. Right?
Apparently they issue convertible notes first. It says so in the 8-k. At some point those notes are swapped for equity.
http://startuplawyer.com/convertible-notes/how-convertible-debt-works
"Convertible debt is a type of security frequently issued by startups when raising seed capital. With convertible debt, the startup issues the seed investor a promissory note, for the investment amount, that contains a conversion feature. The conversion feature is the mechanism by which the debt (the promissory note) will convert to equity (new shares for the investor) upon a future event."
You're losing 6% per day now.
Still buying?
Maybe this is him.
They are not overpaid. Compensation seems just fine to me.
SIAF is making $100 million next year.
I expect a press release and an introduction of the new BOD members.
They will have to do a lot of work. Form an audit committee, audit, educate Solomon, etc.
Of course they get paid in cash. Do you want to give them $60k worth of stock and give them an incentive to crush the stock even more?
Didn't fink so.