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That would be good.
At 9 million capital if we keep buying will own it…(lol)
It Ironic that the media hasn’t mention any positives that are going on. Before the shit hit the fan with, US delisting, China regulations, anti monopolies and now the me to movement you new there was a lot of good going on. Now it’s like a ghost town.
I think once the smoke clears will see a nice pop providing US delisting doesn’t happen.
I think not much lower trending up within the next year.
Why I don’t think delisting will happen…we need a cold War, bring manufacturing back and become independent. I’m ready to work (still do) for independence (61 not many of us left), the question is…is the new generation willing to?
What’s unemployment now?
Baba is a Money making machine.
Watch the pop!
There’s has to be some good news, next news will see in National Enquirer.
Nothing positive doesn’t add up.
My 2 risky stocks I’m singing this….
Post are growing, stock will follow! ; )
Wow…torpedo hit on the starboard side! We need news…
Lol…kicked my butt but I did buy @ about 160 few years ago. My foundation has been VOO, the rest has been fun slot machine Money.
Was fun when this shot to .22, hopefully it breaks that record.
I think it’s still sleeping….but good morning!
Great DD, one correction. Change made to gross.
“ 6. First movie made 2.4 million dollars
7. Second movie $350,000 so far and is going to be on theaters for 90 days.”
grossed; grossing; grosses. Definition of gross (Entry 2 of 5) transitive verb. : to earn or bring in (an overall total) exclusive of deductions (as for taxes or expenses) The movie grossed over 100 million dollars.
Lol, just getting bored waiting, but thanks for the advise.
Lol…I’m long but the volume is going the wrong way.
Good volume but no buyers…
I know it’s early but how’s this films revenue comparing to last….
Agree, it’s okay to have an opinion. I don’t believe opinions on this board affect a stock price.
MAYBE CAPITAL LETTERS DO. LOL
Reistock…
“Mayoan Pro on Reddit Has "Our TREASURES " $128.000.00 U.S On Opening Day. Make No Mistake Its Been 1 Day And Its Aug 2nd In China Right Now, So Today Is Day #2 @ Movie Starts in 3 to 4 hours ..Big Screen Shot On Stocktwits. So Go Their!! And get Your Feet Wet..(redditt is bi $h to paste) hey! Hardly any Sessions! For That Cash!! We Be Moving Up On All Fronts!! “
What’s your take on his numbers….
What’s with egging everyone on….enjoy the ride and point out the facts.
Mute I’m am, newbie your not, maybe by name. Yes I am long and see potential here but pump cheerleading does nothing for me. I like the facts and “show me the money”.
Do the math….load up now, why wait?
Just curious, your new to this board and supplying such good insight. How long have you been studying this company…were you invested since last pop? It did explode and retreat, what’s your thoughts on the retreat?
Very strict parenting, in our country the kids rule.
Any comments?
With that being said volume today?
2 Penny Stocks Insiders Are Buying
5:32 pm ET July 22, 2021 (Benzinga) Print
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.
AB International Group
The Trade: AB International Group Corp. (OTC: ABQQ) CEO Chiyuan Deng acquired a total of 3,300,000 shares at an average price of $0.08. The insider spent $264,000.00 to buy those shares.
What’s Happening: The company’s stock dipped 17% over the previous month.
What AB International Does: AB International Group Corp is engaged in providing mobile application services.
What’s your thoughts on August revenues and little movement thus far, usually happens before the news.
Any thoughts…
Review & Preview Follow-Up -- A Return Visit to Earlier Stories: Some China Stocks Could Vanish in U.S. Some China Stocks Could Vanish in the U.S. -- Barron's
9:30 pm ET July 16, 2021 (Dow Jones) Print
The threat of delisting gathers steam -- the latest regulatory risk for China shares traded here. More than ever, funds are the way to play China.
By Reshma Kapadia
The giant "caution" sign for investors who own Chinese stocks has been blinking for months. It's about to become a blaring beacon of warning.
Individual investors who still own, or are considering owning, individual shares of U.S.-listed Chinese stocks need to heed this warning. Barron's has been writing about the challenges that face Chinese companies on multiple fronts: Beijing has steadily intensified the regulatory scrutiny of its largest technology companies, while U.S.-China tensions escalate and prompt investment restrictions and legislation that create further market ramifications.
Yes, the case for investing in China is strong, especially over the long run. China's rapid economic growth is generally appealing, and has led to a burgeoning middle class that has, in turn, allowed many nascent industries to blossom. Plus, many of China's homegrown technology companies benefit from government investment, and U.S.-China tensions. But as Barron's wrote earlier this month, the way to navigate this landscape is by hiring a tour guide in the form of a mutual fund or exchange-traded fund manager that can manage growing complexities.
Each week makes that case even stronger. Owning individual shares of Chinese companies listed in the U.S. -- whether they're traded over the counter (rather than on a major exchange) or as American Depositary Receipts (ADRs) -- could increasingly become a risky proposition. Institutional investors who have the option of owning shares on a Hong Kong or mainland China stock exchange are well on their way to that transition -- which could add pressure to U.S.-listed shares and eventually cause liquidity problems.
The ADR-heavy Invesco Golden Dragon exchange-traded fund (PGJ) is down 13% in the last three months. The iShares MSCI China (MCHI), which also owns Hong Kong-listed shares, is down 4%, and the iShares MSCI China A-shares (CNYA), which focuses on China-listed companies, is up 7%.
The latest cloud looming over U.S.-listed Chinese companies is uncertainty around how U.S. regulators will enforce last year's Holding Foreign Companies Accountable Act, which requires foreign companies to adhere to U.S. auditing standards in order to trade on U.S. exchanges. The Chinese government has long prevented Chinese companies from providing the necessary information to comply with U.S. auditing requirements.
The process toward enforcement is underway; the feedback period for a Public Company Accounting Oversight Board (PCAOB) proposal closes this week, and policy watchers expect a rule to be released soon. A PCAOB spokeswoman declined to comment. The rule will pave the way for the Securities and Exchange Commission to enforce the legislation. Currently there is a three year-window for compliance; the Senate last month passed a bill that would accelerate the timeline to just two years -- another indication of the bipartisan support for China measures.
Despite policy makers' urgency, policy watchers note a lot of outstanding questions. There are some 248 Chinese companies listed on U.S. exchanges with a combined market value of more than $2 trillion -- so the process of delisting could be messy and painful. "If a delisting is imminent, the stock price is going to plummet and those who control the company can buy out public investors for a bargain, go private, and relist in Asia at a much higher valuation and make a ton of money -- at Americans' expense," says Jesse Fried, a professor at Harvard Law School who has been researching regulation of Chinese firms trading in the United States.
There's also no precedent for the type of mass delisting that could unwind in a worse-case scenario -- a factor that could lead to an elusive compromise between the two nations. "Despite the ongoing, heightened tensions between the U.S. and China, this could be the last salvo bringing both sides back to the table to work out some deal where there will be just enough access to audit personnel and work papers so that the nuclear option is avoided and the PCAOB will be able to meet its core obligations under the Sarbanes-Oxley Act," says Shas Das, counsel at King & Spalding, who was the PCAOB's chief negotiator with Chinese regulators between 2011 and 2015. Past negotiations yielded some cooperation and access to audit work papers but not consistently, he adds.
Investors would be ill-advised to wait around to see if some compromise materializes, especially as U.S.-China tensions continue to ratchet higher. On Thursday, the Senate passed a bill to ban imported products from China's Xinjiang region amid allegations of forced-labor practices, and the U.S. has been adding Chinese companies to a blacklist, cutting them off from U.S. investment.
Investors got a painful glimpse at the havoc these measures can cause when widely held China Mobile was delisted in January by the New York Stock Exchange, following an executive order from President Donald Trump banning investment in companies the U.S. said had ties to China's military. Institutional investors were able to convert into Hong Kong-listed shares, but many retail investors have been stuck in limbo -- even now, many investors cannot execute a sale at their current broker, and some are being told to seek out foreign brokers. Others have run into dead-ends with no clarity on who to reach out to for assistance, and face being stuck with a loss. The SEC didn't respond to a request for comment.
Though regulators may find a way to compromise or find a way to help smaller investors, it's better to just avoid ending up in a potentially tricky spot. "It puts people in this Kafka situation where they can't move forward," says Andy Kapyrin, co-head of investments at RegentAtlantic, which oversees $5.5 billion in assets. "For typical individuals owning Chinese ADRs, there's a risk: If they aren't on top of how this legislation evolves, they may find themselves owning a delisted ADR that becomes very challenging to trade." Kapyrin uses an ETF for his clients' China allocation.
Many large Chinese companies, including Alibaba Group Holding (BABA), JD.com (JD), and Yum China (YUMC) have sought secondary listings closer to home, and many U.S. fund managers have shifted into those listings. That is a relatively easy move for mutual-fund managers; less so for retail investors as some brokerages do not allow direct access to foreign markets.
One additional reason to avoid Chinese stocks: The long-controversial corporate structure used by many Chinese companies to get around Beijing's foreign ownership restrictions, known as a variable interest equity, is getting renewed attention as Chinese regulators tighten control over overseas listings. Most analysts do not expect the structure to be upended, but increased attention could highlight the risks and compress valuations of U.S.-listed Chinese stocks.
Over the near-term, these clouds are enough for Kapryin to reduce clients' allocation to China from an overweight to market weight. He's not alone. China's weighting in Cathie Woods' Ark Innovation ETF (ARKK) is down to less than 1% from 8% in February.
Volatility in the short-term, however, can be a good opportunity to build long-term positions. Investors should stick to China-oriented mutual and exchange-traded funds that can navigate the continuing complexities of the U.S.-China relationship, and spot the companies that may be less vulnerable to blacklists and regulatory changes.
Good volume today…
2 Superpowers competing against each other, what’s the best way to win? They’re not going to be nice to each other….that’s for sure!
Printing machine vs manufacturing machine
Where do you think the late pop came from…inside, mass buying or a big fish?
So much for wishful thinking….
Something brewing today…I smell the coffee
Next mile stone…
Alibaba-Led Bailout of China Retailer Draws Haier, Xiaomi
Bloomberg News
Fri, July 2, 2021, 5:22 AM·2 min read
(Bloomberg) -- China’s major home appliance makers Haier Group Co. and Xiaomi Inc. are among investors considering joining Alibaba Group Holding Ltd. in a mega bailout of cash-strapped Suning.com Co., according to people familiar with the matter.
Midea Group Co., TCL Technology Group Corp. and Yuyue Group are also weighing to buy a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning empire, said the people, who asked not to be identified as the information is private. They could be joining Alibaba and the government of China’s eastern Jiangsu province, which are nearing a deal for an interest in Suning.com, Bloomberg News reported earlier this week.
Negotiations are still ongoing and could be delayed or fall apart, they added. A representative for Xiaomi declined to comment, while representatives for Suning, Haier, Midea, TCL and Yuyue didn’t immediately respond to requests for comment.
Suning.com, one of China’s biggest retailers of appliances, electronics and other consumer goods, had a market value of about 52 billion yuan ($8 billion) before trading was halt on June 16. It’s been in trouble for some time: the retail business was weakened by the initial slowdown in spending during the pandemic, and concerns about its cash flow intensified in September, when Zhang waived his right to a 20 billion yuan payment from China Evergrande Group, the world’s most indebted property developer.
The stock tumbled to a nearly eight-year low in Shenzhen in June after a Beijing court froze 3 billion yuan worth of shares held by Zhang -- representing 5.8% of Suning.com, and as creditors agreed to extend a bond for Suning Appliance Group Co., which is owned by Zhang and fellow co-founder Bu Yang.
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Suning deal needs approval from market regulators. Hopefully it gets approved.
Not looking good today.
Lol…they’re boring, hopefully this will be fun. Love all of a sudden $$$$$$$$$$
No doubt…it seems the correction is moving forward, future potential is great and inevitable.
My abqq slot machine due for some cherries….if nothing by mid August time for a new machine