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scoob - post-split, there will be 19.7 million shares outstanding. i'm not sure how many shares Redwood gets. Should be worth at least six figures conservatively whatever it is, with warrants on top of that. btw, I think PLLK is really undervalued where it is now.
close to $10 based on where it is right now. that puts it at a P/E in the 20's
Deal closed! Dalian's income statement looks incredible. Very solid company. I think the shell shares look cheap here. GLTA!!!!!
scoob - I think that is just a simple typo. no way they would be pitching that at an investment conference a year ahead of time. I have no doubts that they are talking about Dalian. who else has such a market share of "bi-metallic cable"?? he he. such a sub-market.
I think everything happens at once. There are also new SEC regs that require all the documents to be filed within a few days of closing I believe. Should be any day now I would think.
found something VERY interesting on Google. type in "chinamerica fund" and look at the 4th or 5th item down. it's a powerpoint presentation given at an investment conference a couple weeks ago. look at page 21 of the powerpoint presentation. pretty interesting, huh?
hi scoob. there are a lot of variables going into it IMO. it all depends on how much dalian can dilute the shell stock holders, which is probably subject to a floor that will protect the minority holders (shell stock holders). i.e. you aren't allowed to just dilute the shares to nothing. on the flip side, a ton of premium will be created by the companies merging. so IMO, there is a floor around where the shell trades now, and then upside depending on how much money is raised, what the public values the merged entity at, how much ownership is given away via warrants to other parties, what the investors value the company at, etc., etc. If I were to guess, I would say that Dalian will use those 5MM untapped preferred shares and say that for x number of preferred shares, they can convert into y number of common shares. they will get themselves up to 90%+ ownership and then the financing will come into play. IMO, it will be hard to not make money on PLLK if this deal gets finalized. we'll see . . .
not yet, docs for merger should be any day now.
guys - if you want a very interesting comparison for this company, look at DLSL (Deli Solar) and look through the SEC filings of the past.
mberto - absolutely!
cheers to that Wang
Pie - I didn't realize until after I posted that message that the 13D was just showing Little's purchase of shares. Although, IMO, I think they are just getting their ducks in a row to facilitate this merger. They probably realized that Little's initial filing wasn't in place, so he just submitted it after the fact to make sure all legal filings are in place. We should hear something in the VERY near future about this merger. GLTY!
13D filing just hit the SEC site:
http://www.sec.gov/Archives/edgar/data/710846/000101054905000848/parallelsc13dlittle022304.txt
but PLLK is interestingly holding its ground at .04. very good sign . . . .
"During the next twelve months the Company anticipates that the entire amount loaned to Sino UJE limited will be repaid based on Sino’s continued profitable operations. "
10-Q is out
that's why I liberally use the "ignore user" feature on people who are worthless posters over there.
dk - I have had this discussion countless times - how do you think the company would have stayed out of bankruptcy otherwise? their hands were tied - they were given quite a pile of crap to dig out of. and it isn't true that 1.6B shares is too many to allow the stock to recover. do some simple valuation calculations and you will see that the stock is WAY undervalued where it is now.
not to mention that mngt. is considering a share buyback.
dk - you should come onto ragingbull.com. we have been discussing these issues for ages. management has mentioned on several occasions that they wouldn't consider a R/S as an option. this dilution has allowed the company to go from borderline-insolvent to a company with a minimum of $1.5MM a year in revenues and profitable!
dk - this is REALLY old news. you are just reading this now? the good news is, this increase in the shares allowed the company to revive itself into a profitable entity.
yep! this is our shell company! Dalian is Redwood's first client.
RB seems to be up and running again
dk - hang in there. patience will be well rewarded.
-cw
hi scoob - RB sucks. I can't stand that web site. I wish everyone would move over here. Anyway, the Dalian filings - from what I understand the SEC filings will signify the completion of the transaction. The transaction will close, including the financing and the reverse merger. the filings will detail the whole transaction. from what I gather, the transaction was much more complex, and I don't think in a bad way, than what was originally anticipated. I think if they don't get the sec filings in by the 14th, then a lot more accounting work is going to be required, so I think they are under pressure to get it done by then.
chucker - you should go to the ragingbull board on SEIH. a lot of us post over there and there is a lot more activity than on this board. lots of good information. there should be significant news forthcoming about the BDC unelection, SINO revenues, and the Redwood Dalian deal over the coming weeks.
-cw
NEWS: S3 Investment Company Executive VP Completes China Trip in Support of Portfolio Companies
Business Wire - October 11, 2005 11:21
TEMECULA, Calif., Oct 11, 2005 (BUSINESS WIRE) -- S3 Investment Company Inc. (OTCBB:SEIH) today announced that Executive Vice President Bradley Smith has returned from his two-week trip to China where he assisted the company's two active portfolio investments, SINO UJE Ltd. and Redwood Capital Inc., with a number of management tasks.
At the Beijing registered office of Redwood Capital, Mr. Smith participated in the interview process to fill two of Redwood's key vacant positions, general manager and chief representative. After two weeks of interviews, Redwood Capital hired Mr. Miao Yang as general manager, a position with responsibilities that include sourcing new Chinese clients and managing the relationship up to, through, and after the reverse merger/financing transaction. Redwood also hired as chief representative Ms. Ying Li, who is tasked with managing the day-to-day operations of the Beijing office. Ms. Ying will oversee the due diligence process for prospective Redwood clients, including research, initial accounting and financial analysis of potential Chinese client companies.
"These two individuals were chosen out of a pool of highly qualified candidates, and we have every confidence that Redwood Capital has secured two experienced professionals who will each play a critical role in expanding the business prospects, increasing the revenue potential and growing the portfolio value of Redwood," commented Mr. Smith.
After the interviews at the Redwood Capital offices were complete, Mr. Smith attended a medical equipment exposition with SINO UJE at a hotel and convention center just north of Beijing. The expo was attended by several of the leading medical equipment companies in the world, specifically imaging, diagnostic and treatment machine suppliers, including General Electric, Siemens and Toshiba.
"SINO UJE had a nicely positioned booth that was well-received during this event," Mr. Smith reported. "SINO continues to expand its business and grow revenues, and we look forward to reporting its revenue numbers from the current quarter.
"Much was accomplished during this trip, and we anticipate continued growth of our portfolio investments as we work to increase their value on behalf of our shareholders," added Mr. Smith.
NEWS: Redwood client #3:
S3 Investment Company Announces Redwood Capital Investment Banking Agreement with Jaso Holdings
Business Wire - September 07, 2005 11:06
TEMECULA, Calif., Sep 07, 2005 (BUSINESS WIRE) -- S3 Investment Company, Inc. (OTCBB:SEIH) today announced that portfolio investment Redwood Capital Inc. has signed an initial investment banking agreement with Jaso Holdings, Limited, one of the largest high-value property development, construction and management firms in the cities of Shanghai and Suzhou, China. Jaso Holdings has reported over $78 million in 2004 total revenues and is projecting over $100 million in 2005.
The initial agreement calls for Redwood Capital to manage a reverse merger of Jaso Holdings into a public U.S. company and obtain funding in U.S. capital markets through an initial Private Investment in Public Equity (PIPE) followed by a listing on a U.S. national market and a subsequent secondary registered offering. As with all clients, Redwood Capital is expected to receive compensation for its participation in the form of up-front fees, ongoing fees for strategic planning services, equity in the company and warrant coverage. Additional fees for services and equity/warrant participation are anticipated in follow-on public offerings for Jaso Holdings.
"Redwood Capital has identified Jaso Holdings as an ideal candidate that meets our gold-standard requirements for entry in the U.S. public markets, and we are pleased to have Redwood's third investment banking client signed and in the pipeline for a U.S. listing," commented Brad Smith, executive vice president of S3 Investment Company. "While the final numbers will vary depending on the amount of the investment offering and the future value of each company's stock, Redwood Capital stands to generate six-figure revenue through each client's reverse merger process as well as equity in the company and subsequent warrant coverage."
Jaso Holdings is one of the largest property developers with its own construction capability in Shanghai and Suzhou. The company principally engages in the development and sale of high value commercial, industrial and residential properties, as well as ancillary property management services. The company's 2004 net income topped 7.5 million and it projects over 10 million in net income for 2005.
"We look forward to completing the remaining due diligence and site visits with Jaso Holdings, so that Redwood can enter into a definitive agreement and begin introducing this client to the U.S investment community," added Mr. Smith.
anytime - I could care less what scratchy posts about me on that board. I have him on ignore for a reason.
it was gold_mining
S3 Investment Company Announces Completion of DALIAN FUSHI Road Show and High Level of Interest by U.S. Investment Community
Business Wire - July 27, 2005 13:02
TEMECULA, Calif., Jul 27, 2005 (BUSINESS WIRE) -- S3 Investment Company (OTCBB:SEIH) today announced that the U.S. Road Show for DALIAN FUSHI Bimetallic Products Ltd., an investment banking client of portfolio company Redwood Capital Inc., has been completed with considerable interest generated from key investment contacts who attended meetings with DALIAN FUSHI management.
The purpose of the three-week road show was to introduce DALIAN FUSHI and allow its representatives to meet with small-cap and micro-cap fund managers in the U.S. that are targets to fulfill the PIPE (Private Investment in Public Equity) financing as part of the reverse merger/financing process. The road show included presentations in New York City, Boston, Dallas, Denver, Chicago, Los Angeles, and San Francisco.
"The response to DALIAN FUSHI's presentation has been enthusiastic, to say the least, with virtually every targeted investment group expressing interest in participating in the PIPE financing," stated Chris Bickel, chairman and chief executive officer of S3 Investment Company. "U.S. investment interest in private Chinese companies has not abated, and by bringing only the right types of companies to fund managers, we expect that the success rate for Redwood clients will be high.
"DALIAN FUSHI is demonstrating how, by bringing clients who meet its gold standard criteria and executing exhaustive due diligence prior to signing definitive agreements, Redwood reduces the risk and uncertainty that U.S. investors often associate with investing in Chinese companies. As a result, we expect to see steady and increasing interest in Redwood's services and growth in the value of this portfolio investment as its full potential is realized," added Bickel.
scoob - once they place this PIPE, they will realize a pretty big fee of around $400k. that should open some eyes. still need La Jolla to finish selling shares though.
S3 Investment Company Issues July Investor Newsletter
Wednesday July 13, 9:45 am ET
TEMECULA, Calif.--(BUSINESS WIRE)--July 13, 2005--S3 Investment Company (OTCBB:SEIH - News) today issued its July 2005 investor newsletter, which can be viewed on the company website at www.s3investments.com/newsletter.asp. A text-only version will be sent out electronically to those subscribed to the company's email alert system.
Featured in this month's newsletter is information on Kuhns Brothers, a leading investment firm and licensed broker/dealer that is assisting DALIAN FUSHI, the first investment banking client of S3 Investment's portfolio company, Redwood Capital, with its entry into the U.S. public markets.
S3 Investment's chairman and chief executive officer, Chris Bickel, has returned to China to provide support for the company's subsidiary operations as needed and to assist Redwood as it moves forward with its investment banking agreement with Xingye Copper Co. Limited. Xingye Copper, a leader in the production of high-precision copper strips, has projected after-tax profits of $9.6 million for the 2005 calendar year.
The newsletter also outlines a recent $150,000 order taken by portfolio investment SINO UJE, Ltd. from Dalian Bingshan Rubber & Plastic Co, Ltd. The order is for six PLAST-CONTROL gravimetric feeders, one automatic control unit, and one air ring and is representative of the continued growth in both sales and revenues for this portfolio investment.
Mr. Bickel commented, "While we are pleased with the pace of activity and number of successful business ventures that our portfolio investments are engaged in at the moment, frequent trips to China and Europe have made it more difficult for me to regularly communicate with our shareholders. We remain committed to keeping the investment community informed and will continue to use our investor newsletter as a tool through which shareholders and potential investors can remain informed and track the progress made by the Company."
Anyone interested in receiving future newsletters directly by email can subscribe at www.s3investments.com/mailinglist.asp.
bottom - I respectfully disagree. much crappier companies have moved hundreds of percent higher with a lot more O/S. cases in point: IBZT or CMKX
well I don't have time to post info at both places, so I'm afraid you will have to visit from time to time to read me posts. I have the same screen name over there. GL
I just use the much-valued "ignore" feature to get rid of the crap
well the RB board is pretty much where I post. and I have the most frequent contact with management and am probably the most informed. you should come over to that board. best of luck to you. -cw
and if you guys don't think the stock has a chance, then why are you here on the SEIH message board ???
company will buy back shares. you will see. and I have seen stocks move significantly with 10 x's more shares (IBZT, CMKX). all it takes is exposure and interest.
company-wide profitability has been achieved. read the text of today's news release
does anybody here care about SEIH? i'll post the news anyway:
nice $400k fee will be earned on this:
S3 Investment Company Announces Redwood Capital Definitive Agreement with DALIAN FUSHI
Monday June 6, 10:23 am ET
TEMECULA, Calif.--(BUSINESS WIRE)--June 6, 2005--S3 Investment Company (OTCBB:SEIH - News) today announced that portfolio investment company Redwood Capital, Inc. has signed a definitive agreement with its first investment banking client, DALIAN FUSHI Bimetallic Products, Ltd., China's market leader in the manufacture of copper wire and cable.
ADVERTISEMENT
Under terms of the agreement, Redwood Capital will assist DALIAN FUSHI with a reverse merger into a public U.S. company and financing in U.S. capital markets through an initial Private Investment in Public Equity (PIPE) followed by a listing on a U.S. national market and a subsequent secondary registered offering. The PIPE funding is currently expected to be $11.75 million (USD). In consideration for its participation in this process, Redwood Capital will receive compensation in the form of up front fees, ongoing fees for strategic planning services, equity in the company and warrant coverage. Moving forward, there will be additional fees for services and equity/warrant participation in follow on public offerings for DALIAN FUSHI.
DALIAN FUSHI is the market leader in China with over 50% of the domestic supply of wire and cable widely used in network signal transmission, cable TV and distribution lines. This includes Local Area Networks (LANs) and access networks, telephone cable lines, patch cord for electric components, power supply systems, sliders and electrified railroads. The company's products are based on its proprietary "Copper-clad Steel and Copper-clad Aluminum" composite conductor technology. In addition to the Chinese domestic market, DALIAN FUSHI is targeting international expansion. The company's international customers already include: Andrew Telecommunications (China) Co., Alcatel International Finnish NK Cables, Commscope, Hongxin, Largetech, Youzhan Enterprise, and The Yongming Group.
Chris Bickel, chairman and chief executive officer of S3 Investment Company, commented, "The definitive agreement between Redwood Capital and DALIAN FUSHI is a milestone for Redwood in its development as a leader in investment banking and related services for private Chinese companies. We are moving forward with the reverse merger process as we simultaneously begin the expansion of the worldwide DALIAN FUSHI distribution network services. Redwood stands to receive significant six-figure revenue through this process in addition to the equity in the company obtained through the agreement with DALIAN FUSHI and subsequent warrant coverage. We expect to expand Redwood's investment banking business to build a clientele of additional gold standard clients that desire access to U.S. capital markets. Through its work, Redwood is projected to grow in value as a portfolio company of S3 Investment and return value to the company's shareholders.
"Most importantly for S3I, in the short term, this agreement with DALIAN FUSHI completes the goal of being profitable, company-wide. From this point onward, the goal is no longer just profitability but building the top and bottom lines of our portfolio companies to increase their value and the distribution of profits to S3I. We have met our very aggressive company wide goal of company wide profitability by the end of June which was our stated goal since September 2004," added Mr. Bickel.
About The Company
S3 Investment Company Inc. (http://www.s3investments.com) is a Business Development Company regulated by the Investment Company Act of 1940. Its first operating subsidiary, Securesoft Systems Inc. (http://www.securesoftsystems.com), was acquired in April 2003. S3 Investments has subsequently acquired 100% of Redwood Capital to participate in the fast-growing investment banking market in China and 51% of SINO UJE, a non-stocking distributor of medical and industrial high-tech products to markets throughout China. S3 is currently seeking to acquire additional synergistic companies and is focused on assembling a portfolio of investments that will provide value to its shareholders.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.
check out today's news
S3 Investment Company Announces Redwood Capital Definitive Agreement with DALIAN FUSHI
Monday June 6, 10:23 am ET
TEMECULA, Calif.--(BUSINESS WIRE)--June 6, 2005--S3 Investment Company (OTCBB:SEIH - News) today announced that portfolio investment company Redwood Capital, Inc. has signed a definitive agreement with its first investment banking client, DALIAN FUSHI Bimetallic Products, Ltd., China's market leader in the manufacture of copper wire and cable.
ADVERTISEMENT
Under terms of the agreement, Redwood Capital will assist DALIAN FUSHI with a reverse merger into a public U.S. company and financing in U.S. capital markets through an initial Private Investment in Public Equity (PIPE) followed by a listing on a U.S. national market and a subsequent secondary registered offering. The PIPE funding is currently expected to be $11.75 million (USD). In consideration for its participation in this process, Redwood Capital will receive compensation in the form of up front fees, ongoing fees for strategic planning services, equity in the company and warrant coverage. Moving forward, there will be additional fees for services and equity/warrant participation in follow on public offerings for DALIAN FUSHI.
DALIAN FUSHI is the market leader in China with over 50% of the domestic supply of wire and cable widely used in network signal transmission, cable TV and distribution lines. This includes Local Area Networks (LANs) and access networks, telephone cable lines, patch cord for electric components, power supply systems, sliders and electrified railroads. The company's products are based on its proprietary "Copper-clad Steel and Copper-clad Aluminum" composite conductor technology. In addition to the Chinese domestic market, DALIAN FUSHI is targeting international expansion. The company's international customers already include: Andrew Telecommunications (China) Co., Alcatel International Finnish NK Cables, Commscope, Hongxin, Largetech, Youzhan Enterprise, and The Yongming Group.
Chris Bickel, chairman and chief executive officer of S3 Investment Company, commented, "The definitive agreement between Redwood Capital and DALIAN FUSHI is a milestone for Redwood in its development as a leader in investment banking and related services for private Chinese companies. We are moving forward with the reverse merger process as we simultaneously begin the expansion of the worldwide DALIAN FUSHI distribution network services. Redwood stands to receive significant six-figure revenue through this process in addition to the equity in the company obtained through the agreement with DALIAN FUSHI and subsequent warrant coverage. We expect to expand Redwood's investment banking business to build a clientele of additional gold standard clients that desire access to U.S. capital markets. Through its work, Redwood is projected to grow in value as a portfolio company of S3 Investment and return value to the company's shareholders.
"Most importantly for S3I, in the short term, this agreement with DALIAN FUSHI completes the goal of being profitable, company-wide. From this point onward, the goal is no longer just profitability but building the top and bottom lines of our portfolio companies to increase their value and the distribution of profits to S3I. We have met our very aggressive company wide goal of company wide profitability by the end of June which was our stated goal since September 2004," added Mr. Bickel.
About The Company
S3 Investment Company Inc. (http://www.s3investments.com) is a Business Development Company regulated by the Investment Company Act of 1940. Its first operating subsidiary, Securesoft Systems Inc. (http://www.securesoftsystems.com), was acquired in April 2003. S3 Investments has subsequently acquired 100% of Redwood Capital to participate in the fast-growing investment banking market in China and 51% of SINO UJE, a non-stocking distributor of medical and industrial high-tech products to markets throughout China. S3 is currently seeking to acquire additional synergistic companies and is focused on assembling a portfolio of investments that will provide value to its shareholders.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.
check out today's news. order from GE Medical