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Well Alltheyway, Kunming Pharmaceutical already trades at a similar valuation compared to the rest of that sector in China. Fcpg is extremely under valued compared to that company and sector. If Fcpg was valued like Kunming Pharmaceutical, Fcpg should be trading between $2 - $3. You shouldn't have let the 'cat out of the bag!'
Yes, imo fcpg is worth at least 10x the current price which is why I wouldn't be happy with 2 or 3 times the current price. But who really determines the buy out price if that is what is happening? Wouldn't it come down to an offer and a vote?
Well to be honest I,m not really sure of how else we would move to the HK. The going private then relisting makes sense for the company and is what is being talked about in general. It is not necessarily the best thing for the common shareholder though since the current stock price is so undervalued they could possibly get away with paying a huge premium but still get the company at a major discount. I really don't know what they could get away with if it came to a vote. Wang has 25% of the shares and Wellfleet has ? How many other shareholders might be happy to get double from here??? Harbin Electric went private at 3x it's share price the day it was announced.
Yes that is true novice... unless Zwick and Wellfleet are involved too. Does anyone know of any other companies that have moved from the otc to HK and how it was structured? Would the shares just transfer over to HK maintaining the same market cap? Would shares also trade in the US as alltheway has suggested?
The only information I have found is what worries me... Chinese companies delisting from the US by going private, then relisting on HK as in this article written by a Bloomberg reporter Mark Lee...
http://www.bloomberg.com/news/2011-12-08/chinese-companies-tired-of-wall-street-shift-to-hong-kong-listings-tech.html
or this...
http://www.reuters.com/article/2011/12/09/china-reversemerger-idUSL3E7N82R520111209
Yes that is true novice... unless Zwick and Wellfleet are involved too. Does anyone know of any other companies that have moved from the otc to HK and how it was structured? Would the shares just transfer over to HK maintaining the same market cap? Would shares also trade in the US as alltheway has suggested?
The only information I have found is what worries me... Chinese companies delisting from the US by going private, then relisting on HK as in this article written by a Bloomberg reporter Mark Lee...
http://www.bloomberg.com/news/2011-12-08/chinese-companies-tired-of-wall-street-shift-to-hong-kong-listings-tech.html
or this...
http://www.reuters.com/article/2011/12/09/china-reversemerger-idUSL3E7N82R520111209
Novice I agree with your analysis but there is one thing that worries me... With funding, couldn't Wang just take fcpg private then relist with HK ipo? Even if they went private at a 100% premium from the .13 to .14 current share price that would only take about 16M... what could they ipo in HK for 50M to 100M or maybe more... All they would need is some private-equity funds to back them and voilà they will have all the capital they need while us US shareholders are left with very little profits or for some like alltheway, a big loss. Other companies have done this and private-equity investors are looking for this...
Quote:
JP Morgan
The buyouts of Chinese companies from stock-market investors in New York, and relisting them in markets offering higher valuations, may generate profit for private-equity investors.
“There is a real interest among private-equity funds in these companies,” said Mark Tobin, co-director of research at Roth Capital. Some U.S.-listed Chinese companies are trading at valuations “far below” those of private companies in China, he said.
Shanda Interactive Chairman Chen Tianqiao’s group, which plans to buy out the company, discussed financing with JPMorgan Chase & Co. (JPM), the company said Oct. 17. PAG Asia Capital, a Hong Kong-based alternative investment manager, helped fund the management-led buyout of Funtalk.
Most of the Chinese companies trying to list in the U.S. are relatively small and are subject to an increasingly difficult regulatory environment, Bao said. Hong Kong also has the benefit of having a sophisticated, international capital market, he said.
“Most of the U.S. investors don’t understand China very well,” Bao said.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
That's what he gets for betting the farm on that shady stock. I saw that you tried to warn him multiple times especially regarding those fake PRs with no contact name and fake numbers... crazy!
Btw, thanks for all your efforts here!
And the buying continues...
someone took out ask of 31k at .165 then 40k at .17!!!
I agree. Like an investor would really buy just 100 shares... the commission would be nearly as much as the $15 for the shares!!!
Good day today!
Yep volume doesn't just increase to almost 300k for nothing...
They could mean that the 15c2-11 was approved by the MM to be submitted but who knows. This company is soooo shady I wouldn't touch it with a 10' pole until these issues are cleared up.
Hey alltheway, I only said she because you said he. I have no idea if it's a he or a she but someone has been selling the past few weeks. I have way more shares than anyone else here has admitted to but when I see other sellers all I can do is sell some of my shares and buy back more at the next price point down... it's the only way I have been able to keep my average down. Still long... good luck!
Yes alltheway but there has been a big seller out there for the past few weeks or so. She can't sell her shares in "very big chuncks within a few days" because there are not enough buyers. Instead she has been slowly bleeding them into the market both on the ask and selling to the bid. She always comes back at the end of the day to "pick up the pieces" as to keep the pps from falling and not alert anyone to her selling. As we got closer to the 14th she was a bit less worried about pps falling. She's still out there.
It's election day people are worried if Obama wins then there will be no crack down on China's manipulation of their currency.
Personally I like the roulette table. I know it's one of the worst odds in the casino but there's something about the numbers, colors, placing strategic street bets that excites. I've had some awesome nights at the table winning big. But trust me I have lost way way more than I have won at that table.
Just some of my thoughts and opinions...
The fluctuations in share price from .17 to .19 are meaningless. It’s easy to throw in a small trade to change the price 10%. It happens all the time. I’ve even done it myself with other stocks at the end of day to make it look like the price is dropping so some people will sell. It’s a game… and with fcpg I can see that there are some accumulators out there but also someone unloading. In the end all that will matter is continued growth verified from a trusted American accounting firm. As for the exchange between alltheway and David I think you are both right. Wang always has the cash flow to fall back on. But as you state David he is greedy. So if he is greedy, why not have both? The cash flow and the high pps. I mean he does have 15 million shares and I don’t know about you but if I were Wang I’d rather the price be $2, $3, $4 or more rather than .19. That’s only going to happen with continued verified growth. Yes, Wang is greedy he wants high pps too. As the famous quote goes “greed is good.” I have bet big on this company and if I am wrong oh well my businesses are doing great and hey I’ve lost more money in Vegas. But if I’m right, I will make a LOT of money from this stock.
Bty, my name is Mark.
Aloha!
It happens all the time. I think there are several of us accumulating right now and trying to keep the price down or at the same levels. The small trades are just kinda painting the tape.
I agree alltheway with one exception... if someone is scared or impatient then SELL SELL SELL your shares because I KNOW there is someone that is willing to buy them. Aloha!
Hey alltheway why don't you make fcpg flyers and or door hangers and go door to door and distribute them... that would be more productive than going to the casino!
Given the ideas I've seen floating around this board a sugestion box would be nice
Hey alltheway, if you bought all your other shares at $2 then wouldn't that be a 90% loss? Anyway, I think .18 is the bottom I just don't see anything that would cause any major selling.
Or processing...
I agree with you could be Tuesday.
The decreased margin is old news. I think just the fact that they finally filed makes them more legit. They will be out of delisting danger with no more "E". I'm not expecting a big pop but I think we will see a lot more buying than selling. I can't wait to see the 10Q!
Nice!
Just checked my email... that is for real
Was not expecting it unitl thursday
I'm scared! I put my kids college fund and everything else I could scrape up into this stock... NOT! FCPG has always been a roll of the dice, period! I don't know why everyone is crying. I would never put in more than what I could afford to lose. The way I see it is this: If I lose, I will make it up somewhere else. But if I win, hopefully it hits big! Anyone who thinks they know what's going on with this company whether from some website, press release or from Brad is crazy. The only person who really knows their intentions is Wang himself. Only time will tell.
Tic Toc
http://www.timeanddate.com/counters/customcounter.html?msg=D%28listing%29+Day&month=05&day=17&year=2012&hour=17&min=30&sec=00&p0=179
My order for 10,390 at .28 has already been filled... Thanks!
Thank You!
Okay, I'm raising the bid to .28... please sell me your shares!
But it definetly won't be any later than Monday or Tuesday!