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I personally think that we small investors don't have the time and money to file a lawsuit.
but if tony thinks it's worthy to do that, we should respect him.
we were not smart before,
we are not smart now,
we will not be smart,
if we can make some money on axmp,
we are still foolish, but lucky foolish
:)
i'm in the same boat. it has been two years since i bot axj.
btw, i registered a new name Cheng yesterday. i will use Cheng from now on.
sorry. it's just my dream.
I'm seeing a breakout in 2~5 days.
yes, that money is from employment. and as you said, the reason is that i can not trade non margineable securities. thank you.
I have $30,000 in my IRA account and I'd like to add more shares. But I was told that I can not buy AXMP for reason I don't understand.
good question. i'm also very very interested in the story.
just realized that the board moderator is changed. Repoman75, since you're the chairman here, why not say sth about AXMP?
the warner corp, which has invested into axm, is good at helping companies to go public through reverse merge. is there any possibility for axmp to be relisted through reverse merge? anybody has any thoughts that why a wersten guy Tracey A. O’Neill was picked up to act as a director?
I'm still optimized. Nothing changed.
People in this board bought some shares recently. IMO, as long as small investors are buying, big player will not lift the price up.
It's true that Madam Wang has the biggest stack of shares. It would make no sense for her to dilute. But, she may do it if she could get compensation under the table. For example, if I have a company and it just worth $1m. Wang can buy it with $3M worth shares if I give my friend $2M and my friend give her daughter (something like that) shares which is worth $2m.
This is the only concern I have.
AXM bought Beijing Yuhuangtang months ago. In my opinion, that company is worthless. I don't know why they bought it with that much shares and money. There must be something underneath.
They are the players and they are the dealers. Usually our small investors can do nothing. That's the life. but if they are too greedy, our small investors should be united and be willing to file class lawsuit against them. They are listed in United States, not China.
The president of Warner Mr. Zhou and his Warner helped some companies to go public. Dr. Zhou has a close relationship with Mr. Lixiaohua. They are co-founders of few companies. It's said that Li is the richest man in Beijing and has very big business. There are many stories about Mr. Li. Bush, Bill Cliton, Kofi Annan, China president Jiang and Hu once meet him. It's said that former Austraia prime minister is in his team. There is even a star in the sky is named as LiXiaoHua. He once had lunch with Bush in the president's TX farm.
If Zhou and Li think AXM is worth to put money, our money is safe.
IMO, the toughest time has passed. all longs now can just sit and relax. when your expected target price is reached, sell it.
For the very beginning, I'm confident with AXM. I post here because I don't want we longs to quit at the darkest time. Now the darkest time is passed.
those who know chinese should check who is 周华康(the president of Warner Corp) and 李晓华, and also the relationship between them.
this may be my last post. to me, there is no doubt any more. i believe that we will be very very very happy at the end when everybody sell their shares. i will come back to see you guys after i sell all of my shares.
your mondy, your decision.
if you know chinese, you can check http://www.warnercorp.cn/ to know more about the Warner Corp who invested AXMP.
"The Company also announced that it has received the first installment totaling 3 million RMB (approximately $380,000) of an investment from Warner Corp., ......" $380,000 is the first installment. What's the total installment?
Who is Warner Corp? I did a search and found something interesting. The Warner Corp has some relationship with AOB. Warner helped AOB to go public by reverse merge. Two years ago, I chose AXMP instead of AOB. At that time, AOB was less than $2.
The more search, the more confidence.
that 2007 estimated revenue of $12,820,000 is just for the product axm is distributing. it's not their own product. i think the revenue generated by their own products could be much more than that.
and don't forget the 60,000 square meters land which is worth US$15,000,000. and don't forget the factory which is more valuable than the land.
It seems that I'm tooooooo optimistic. I wish we can see $10 before the 2008 Olympic Game.
one survey report says that in china the profit rate of medicine is about 13%,
so profit: 100,000,000 * 0.13 = 13,000,000 ~= US$1.5M
which is about US$0.07 per share, suppose P/E = 30
0.07 * 30 ~= $2
Can we see $2 in the near future?
sorry, i have no idea.
but from the very beginning, i believe everything is controlled by both big funds and Mrs Wang. this is what happens everyday in China stock market. they moved this stock to pink sheet deliberately to scare small investors. they did not report earning deliberately.
just my speculation, i maybe wrong.
talked to a former distributor, asked him about the sales of 2006. he thought that axm's 2006 sales could be at 100M Chinese Yuan level. he doesn't know the real value, it's his estimation.
imo, when the new accounting firm finishes their job, and if the 2006 sales is at 100M=$13M level, we should see a stock price of $2 level.
The Shenyang city was hit by the strongest snow storm in the last 50 years. Most of people are staying at home these days.
I'm always optimistic. I guess the reason why they put us in the dark is because they don't want to let us know the number for 2006 which is very good. When the number for 2006 is out, we'll see $2.
the day before yesterday
Is anybody here buying? Just curious. I wish I could but no extra money at all.
There might be no news at least in two weeks. Usually chinese do not work or do not work seriously in the first two weeks after Chinese New Year.
Chinese new year is coming. Gong Xi Fa Cai! (I wish you have a lot of money)
It seems that a big move is coming, according to the chart.
-Zhang
2/3 tax policy in china
For any company like AXM, which is consider as foreign-invested company, there is a 2/3 tax policy in China. From the break-even year, they will be exempted from business income tax in the first two years, and pay tax half in the following three years.
I wish this is the reason why AXM performs so bad -- They don't want to break even until they can make BIG profit.
one web page tells me that the new acquired company's address is a resident address or it's a room inside a building. i personaly don't think such a company is worth 45,000,000.
another page says that beijing yuhuatang applied $450,000 chinese ruan to do some research on something which can be used to make something like Viagra for man. it's funny.
found more info about the new company. the info i provided in the previous post maybe wrong.
what, the acqisition is cancelled because Mingcheng lost their account book. so funny! what a joke!
i don't know anything about the new company. one old (04/2006) news says that the acquired company was going to invest $200,000,000 chinese dollars to establish a company in shandong province.
no, i don't know.
what's common in china is that they should own the property and the factory.
I called the China office before but get no useful information. Sorry, guys.
I went to China last Dec. Spent more that one month over there. Just returned.
I was shocked when I saw the current China. I believe that China will become the #1 country in the world soon.
Found an interesting news today. In 2001, the land price of the Shenyang Economy Zone, where AXM factory resides, was about US$125 per square meter. Now the price is about US$250 to US$300 per square meter. On Nov 2006, an institute bought 110,000 square meters land for $32M US dollars.
The size of AXM factory is about 60,000 square meter. It worths about US$15,000,000 to US$18,000,000 now. This is just the land. The factory property is not priced in.
IMO, we have nothing to worry about. If I have money, I would continue to buy.
pls let us know when you get it.
In the exhibition, AXM will introduce to public the diabete drug Glucostrim(TM) (Qiyao) Anti-diabetes Capsules, which has been approved one year ago.
Another product they will push to public is a VC product. They may /can not use the SunKist brand. The chinese name is “C引力”. Very good chinese name. We can call it "Attraction" in english.
Of course, all of their other products will be shown.
Can we see a news release about the marketing event of the diabete drug on Dec 1, 2006? Interesting...
AXM @ 56th PharmChina Exhibition
http://www.axmpharma.com.cn/img/news/20061110202818813.jpg
56th PHARMCHINA Exhibition
Date: Dec.1-3, 2006
Where: Shenzhen Convention & Exhibition Center
PHARMCHINA is the largest exhibition in Chinese pharmaceutical industry. With a history of over 30 years, it attracts over 1500 exhibitors and 100000 visitors. Twice a year, they come to PHARMCHINA for new business opportunities in the process of Chinese pharmaceutical development.
AXM Pharma will be there.
If you know chinese, here is the link.
http://www.pharmchina.com.cn/tabid/166/Default.aspx
happy thxgiving. sooner or later, we'll see miracle. might be the biggest miracle.
yes. it's mentioned but i forgot the name. one of the medicine is 细辛脑 Asarone