sleeping with one eye opened
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it is 8 dollars stock. Slowly but steadily
this only confirms the reason of that agreement... it is really great to be invested in company without any fillings to SEC ´but with plenty of horrible PRs and infos around. This can jump to pink sheets not later than on February 16, 2013. Or to dollars earlier.
Chit.... lol :)
Dec 07, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Steel industry with the lowest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.General Steel Holdings ranks lowest with a a current ratio of 0.7. Following is Cliffs Natural Resources with a a current ratio of 1.0. Mechel ranks third lowest with a a current ratio of 1.0.
ArcelorMittal follows with a a current ratio of 1.4, and AK Steel Holding rounds out the bottom five with a a current ratio of 1.5.
SmarTrend recommended that its subscribers protect gains by selling shares of AK Steel Holding on November 13th, 2012 by issuing a Downtrend alert when the shares were trading at $4.74. Since that call, shares of AK Steel Holding have fallen 14.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
http://futures.tradingcharts.com/news/futures/General_Steel_Holdings_has_the_Lowest_Current_Ratio_in_the_Steel_Industry__GSI__CLF__MTL__MT__AKS___189822350.html
[December 13, 2012]
Relatively High Debt to Asset Ratio Detected in Shares of General Steel Holdings in the Steel Industry (GSI, STLD, ZEUS, AKS, SUTR)
Dec 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Steel industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.General Steel Holdings ranks highest with a a debt to asset ratio of 0.52. Following is Steel Dynamics with a a debt to asset ratio of 0.38. Olympic Steel ranks third highest with a a debt to asset ratio of 0.37.
AK Steel Holding follows with a a debt to asset ratio of 0.36, and Sutor Technology Group rounds out the top five with a a debt to asset ratio of 0.33.
http://sports.tmcnet.com/news/2012/12/13/6792172.htm
Alcatel Lucent (NYSE: ALU)
http://beta.fool.com/ceciljohn2002/2012/12/14/3-stocks-significant-upside-potential/18668/?ticker=AKS&source=eogyholnk0000001
"is a leader in mobile, fixed, IP and Optics technologies, and a pioneer in applications and services. Alcatel-Lucent includes Bell Labs, one of the world’s foremost centers of research in communications technology. The company is currently trading at 59% of its trade value. Earlier, I had argued it was time to drop Alcatel-Lucent, now I believe that the company is making great strides forward, and it should be picked up at such a good price.
Recently, an internal European Union analysis has determined that two Chinese makers of wireless network equipment, Huawei Technologies Co. and ZTE Corp., are "inflicting damage on European producers by dumping products onto the European market at rock-bottom prices. This is surely going to improve the market position for Alcatel-Lucent in Europe. In addition, the company recently signed a deal with Telefonica which could see significant gains. Telefonica operates in 22 different markets: Argentina, Brazil, Chile, Czech Republic, Colombia, Costa Rica, Ecuador, Germany, Guatemala, El Salvador, Ireland, Mexico, Nicaragua, Panama, Peru, Puerto Rico, Slovakia, Spain, United Kingdom, USA, Uruguay and Venezuela. Alcatel-Lucent has an excellent probability to make a good name in the core router space and command a sizable share of the market."
Nokia Corporation (ADR)
(NYSE:NOK)
X
23.85
+1.52
GSI
1.09
-0.030
CVGI
8.11
-0.150
EGT
2.00
+0.020
USU
0.510
-0.004
NOK
3.82
1.60%
AKS
4.40
and your point of view? Work is there? Overtimes? Inventory?
your comments are welcome. I am putting CVGI on my radar and want to do some small DD here.
Long Term Stocks
MTG - mortage insurance. should go to 5 in 2012, maybe higher, obstacles overcome in Nov 12
GSI - steeler from China, risky but audited now by PwC. If the audited documents will be released at the end of Feb 2013, despite the fact their making loss, this stock should jump above 3 maybe in just one day
TTM - automaker india. Long term win-win stock for every portfolio
YPF - because of REPSOL issue -smashed argentinian stock. On its way back to fifties. With risk given by argentinian government.
USU - uranium enricher - should finish its American centrifuge project in 2013. Reverse split to avoid delisting is expected. After RS sell off it is a buy. Then potential ten bagger.
link to Extreme value stocks added
definitely runaway from teens
definitely runaway from teens
yawn...those guys from PcW are really fast in auditing. They need 6 months to audit a quarter. With this pace they never match to be up-to-date lol :)
it seems we have here 2009 story back... :)
Definitely not endless. Otherwise KWBT would be over 100.00 now
MTG - you are missing slow ride to 8.50....
I make myself coffee I think. Hard job making money by watching MTG. Short squeeze on the way - 30M shares to cover takes some time...
funny to be back on the wave after almost 5 years again...Mtg is a money maker goes down deep...and then steeply up.
Everything is getting only better now for mortage insurers. With 2.20 the marketcap is only something over 400M.
This stock can grow 6-10x from here till the beginning of 2015...no mortage bubble obstacle anymore in the way.
3.00 latest in January imo (if not already in December)
so the psychological barrier of two seems to be broken.
Time to do some cha cha on topic...
TEA FOR TWO
:)
strong contracts to be signed before the end of the year...
Then is maybe time for you to start to read SEC fillings of companies you own. EVERY shareholder was asked...
Hi stockfather,
not that it would give any warranty but do you or any other gentleman on the board own the list of chinese companies listed in US stock markets who are the clients of Big 4 auditor firms?
I follow GSI (auditor PwC - possible break out at the end of February 2013 when audits should be ready) but want to have under radar more stocks like that.
Many thanks and lucky hand with choosing your investments!
6,730
with usual last 30 minutes of stronger buying MTG is set to close above 2.00 after a longer time.
I am from cz. funny...
and general steel has nothing to do with
US..funny even more. Good that you have laugh :)
Most funny is that "maxed out" guy. "We know from Friday..."
Well, if I remember your every year's fights with Wei Li on A/S...Photos from Schechter...The forecast for 2008..game over.
But I never thought those kiwa guys can make me laugh once again.
But they made it. Maxed out guy is desperately pumping so that he could exit. For sure he is not buying. Who would buy on total volume only 25k dollars?
Which will be soon dried to 10k...1k...few dollars a day. Will be long months of waiting for these new bagholders to sell...
Everybody possibly must learn that lesson
Take care, hugh. Was great to be with you on board...that time
you have given up too, Hugh?
You were used to have much stronger belief in Kiwa then me.
I gave up long time ago. But you know that...
"GSI has signed a one-year supply agreement with Tianjin Product and Energy Resources Development Co., Ltd. ("Tianwu"), through which Tianwu will provide Longmen JV with a minimum of 3 million metric tons of iron ore at market prices, with favorable credit terms."
Another horrible PR. They áre in fact confirming that they are position so much in debt that they have problems to get the regular financing on the market. So luckily they agreed fnancing directly from supplier by longer terms of payment. But for one year only.
I would love to see PR stating that they are not losing money. Not the confirmation that they still do a lot... :/
Deevs, I see that your broker does not allow you to sell immediately when you need but you have something like three days period. But the same time I see you are lurking here for another penny stocks, pinks or otc.
I think you should reconsider it. Otherwise you will lose everything in penny land. It is nasty world. Those stocks have no value. All vanish to zero...Does not matter in which period you enter. The final station is always zero. But these stocks are attractive because of pump and dump schemes, when potentialy you can gain 100% or more almost instantly. But you should be able to read instant volume movements and you should have experience in reading it. Then only you can make sometimes money on it.
With your account you will always lose in pennystocks. Because you cannot exit in time.
Always think about pennystocks - if you buy them at any price - you are stupid (because shares are worthless). Your only chance to make money is the potential, that somebody even more stupid will be willing to buy them from you at higher price. If I am in your position now with KWBT, would you buy them from me?
I was having KWBT and sold it with loss somewhere at 0.085 level...That time they were used to have revenues. Now they have assets worth of 50K but debts over 13M.
Translation: even the shit is worth more then KWBT.
and I was betting on PWC ...damn it!
SEC charges China affiliates of top accounting firms
REUTERS — 3:42 PM ET 12/03/12
WASHINGTON (Reuters) - Regulators on Monday charged the Chinese affiliates of five top accounting firms with violations of U.S. securities laws, alleging that they refused to produce audit documents in connection with accounting fraud investigations into Chinese companies.
The Securities and Exchange Commission began proceedings against the Chinese units of Deloitte & Touche, Ernst & Young, KPMG, PricewaterhouseCoopers and BDO. The companies violated laws that require foreign public accounting firms to provide the SEC with audit work papers involving any company trading on U.S. markets, the SEC said.
An administrative law judge will schedule a hearing to determine potential sanctions against the firms, the SEC said.
(Reporting By Aruna Viswanatha)
ah, it was the cheer of new year. I got it. But why so early? Usually we start to do before christmas. Unless we leave on very early holiday ;)
clever boy
MTG is set to do move 20-30% - only on Monday. near term target 2.50-3.00.
Read the news.
I do not know.
But it seems evident that Kiwa is squeezed by Li- he took out all business generating revenues from it to his private companies and here in KIWA he generates only debt.
I wish you guys to get out at least even, but the only winner so far is Wen Li. In the case of KIWA he is winning not against the market, but against his own shareholders.
Good luck to all
because they create debt.
They cannot buy company because they do not own the majority.
Shareholders would not agree the sale here, because they would get a chit at maximum. But We Li does not care. For him is this situation satisfactory. For Wen Li, not for you, shareholders
They do not invest into this company even a penny. It is clearly written in their fillings. They only put in working capital. That means they only pay the salaries. And create the debt of KIWA. Huge debt now already. By this debt he gets you shareholders out of the game.
If they go bankrupt, first money goes to government, then employees, then creditors and only then shareholders.
Their suppliers went bankrupt, because they did not pay them. Now they create debt - but only for salaries which weng li would have to pay in his other companies, if he wants to keep these people. He pays salaries only partialy, anyway. In majority I believe he creates the salary payable debt by having high salary which he does not pay to himself of course. But in KIWA he aslo does not pay taxes. Or not all of them
Taxes payable 272,326
Penalty payable 1,930,128
Interest payable 886,226
Salary payable 1,019,074
Basicaly he saves this money in KIWA, as well as other debts, because he is never willing to pay them. No revenues here, remember? I believe he sells fertilizers in his private company.
For him is OK to keep this company running. When he wants to buy it, he will take it for free because of debt. If it goes bankrupt, no problem for him. He will consume cash and only assets left will be 40K.
That is only reason why he keep the company in game. Those 40K of assets. Because those would have to be sold (for possibly something like 8K and these money would go to government).
People he likes he can employ in his other companies or buy from banktrupcy for those 8K the assets and go private.
Have you seen in this scheme any place for shareholder to make money?
First he should care to settle also this below. He will never do so ...
Convertible notes payable 1,631,088
cwqbcwqb, could you explain the logic of your construction? Any pumping should have at least bit of logic...
Their total Assets equal to $ 56,902 (13,000 is cash)
Current debt is $ 11,500,000
Total deficit $ 21,000,000
As of September 30, 2012 and 2011, we had no customers. During the same periods of 2012 and 2011, we had no suppliers
Total shareholders defiency is $ -13,500,000.
That means even if he would be so stupid to buy assets worth of 56K for not 7 millions but 13 millions, shareholders will get a shit. He should buy it for over 13,5 millions, and then you can think about a chance.
They were used to have to business units
1) Kiwa Shandong - fertilizers - has no revenues
2) Kiwa Tijanjin - feed stock - had no revenues and was definitely closed down in summer 2012
Wen Li is sponsoring the working capital to Kiwa from his other but private companies. I doubt he wants to sponsor the shareholders.
So based on what does he want to buy something worth a shit for even a dollar? Nice dream :)
it sounds like a thrown towel...
they do not say we will care about your prosperity. They admit the wish is the only tool which have left in their hands.
why did they say that? Any special occassion? Or they are just bored of no orders coming so they spam you with emails to maintain any activity within working hours?
seems like an end of uncertainty game :)
After Hours : 1.90 0.15 (8.57%) Nov 30, 7:59PM EST
definitely no bankruptcy. they have got 100 milions guaranteed from Obama for next 6 months...But thís stock will be a headache till april, when they do reverse split. Then it may be a buying opportunity
14% is too much anyway. Expect pop up on Monday back to fifties
nice to see Lorin is pumping GSI again
http://seekingalpha.com/article/1038531-take-a-look-at-general-steel-a-smaller-chinese-steel-player?source=yahoo
I will buy some more before Christmas... :)