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I have some random number long-defunct stock shares related to past BIGN/DVFI stock distributions in my trading account. Last week one of them had a mandatory reorganization where the shares were sold for a whopping .58. My broker couldn't give me any information on the security involved, and thankfully did waive the much larger mandatory reorganization fee. I don't have any further information, but it seems logical that structurally this action could be related to recent DVFI movements.
Anyone else have this experience and can shed some light?
All speculation until we see a press release, but the timeline for when DVFI stock woke up til now supports possible correlation for the thesis of nearing "the next phase" of a R/M. I haven't been able to locate evidence of any pump operations (please share if you have some), lets hope this activity is leaked info front-running an upcoming press release...
https://www.businesswire.com/news/home/20200107005242/en/Sun-Capital-Partners-Affiliate-Completes-Acquisition-of-Cotton-Holdings-Inc.-a-Global-Leader-in-Infrastructure-Support-Services
https://suncappart.com/25-year-history/
https://www.houstonchronicle.com/business/bizfeed/article/Cotton-Holdings-acquires-national-roofing-15864142.php
I sold my very small starter position at the opening for a 30% loss and was happy to do so. From my experience in CEO situations like this it never ends well. IMO this will continue to drift much, much lower until it trades for pennies or less. I do think it's a good company that had the misfortune to be ransacked. From what I read into the release it isn't good and won't be easily fixed. I will continue to follow and may start another small and very speculative position in the future for a new and reorganized NUIN, which is what has to happen for shareholders to make any money. From the loan terms (I think the first of many loans) Fearon and Co will end up with the lion's share of what's left and current shareholders will be diluted out.
At the very least confidence is shaken, which can be the death knell for any stock and especially for Chinese stocks in the current environment.
Just my humble prediction.
Good luck to all.
Sorry CSPRATT, didn't mean to ignore you, I haven't checked this site in a while. Regrettably, I'm too busy in the near term to take on any extra projects.
Best,
Todd
Nuin getting hammered today. Any rumors floating around?
I sold most of my market positions earlier this year but this is one I held on to...at least it's a small starter position that I can add to if this continues to get hammered down on no news.
I do, do you have something specific?
The beverages/etc product expansion is a market driven opportunity.
These specialty shops are widespread in China. I've been meaning to spend some time checking around to see how expansive their product distribution is throughout the different shops. If I find anything interesting I'll share, although it might be awhile- I've been busy and that task has been on my "to do" list for too long...
I was in XYBR as well and occasionally think back to how mainstream their product line is today across the tech world but back then they couldn't make it work...coulda been shoulda been.
...or Not.
Wouldn't that be wonderful!!!
BORN-
Seems like good news leaking prior to 3/5 4Q results.
It's certainly possible. While "hope" has no place in investing, I hope that these extensions are related to parties wanting further confirmation of "hockey stick" gas production results coming in.
A guy's gotta dream.
It reads "Don't think I don't know that you're talking about me".
Born up 14% today on much higher volume...on a low volume day.
Anybody hearing rumors here?
I've loaded up at these prices.
I think recent CFO resignation has investors skittish, but at this point I'm buying the story they need someone with M&A expertise. They're at that point in their life cycle that it makes sense.
ONP
Press Release: Orient Paper Announces Transition of Chief Financial Officer and Independent Director
8:00a ET November 3, 2014 (Dow Jones) Print
Press Release: Orient Paper Announces Transition of Chief Financial Officer and Independent Director
Orient Paper Announces Transition of Chief Financial Officer and Independent Director
PR Newswire
BAODING, China, Nov. 3, 2014
BAODING, China, Nov. 3, 2014 /PRNewswire/ -- Orient Paper, Inc. (NYSE MKT: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that Mr. Winston Yen, has resigned from his position as the Company's Chief Financial Officer for personal reasons, effective November 1, 2014. Mr. Yen will continue serving the Company as a consultant to assist in the transition to a new Chief Financial Officer. The Board of Directors has appointed Ms. Jing Hao, the Chief Financial Officer of the Company's operating entity, Hebei Baoding Orient Paper Milling Company Limited, as the Company's Chief Financial Officer.
Ms. Jing Hao previously served Orient Paper, Inc. as its Chief Financial Officer from November 2007 to April 2009. Ms. Hao has also served as Chief Financial Officer of the Company's operating entity Hebei Baoding Orient Paper Milling Company Limited since 2006, and as Manager of Finance from 2005 to 2006.
Orient Paper also announced that Mr. Drew Bernstein, one of the Company's independent directors and the chair of its Audit Committee, has resigned from his positions with the Company for personal reasons, effective November 1, 2014. The Board of Directors has appointed Mr. Marco Ku as Mr. Bernstein's replacement as an independent director and Audit Committee Chairman.
Mr. Marco Ku is the founder of Sensible Investment Company Limited, an investment consulting firm based in Hong Kong. Mr. Ku was previously Chief Financial Officer of China Marine Food Group Limited (OTC: CMFO) from July 2007 to October 2013. Prior to his tenure at CMFO, Mr. Ku was with KPMG from 1996 to 2000, where his last held position was Assistant Manager. From August 2000 to February 2003, he served as Manager of Corporate Services for Logistics Information Network Enterprise (HK) Limited, a subsidiary of Hutchison Port Holdings Ltd., where he later served as Manager of Management Accounting from March 2003 to September 2004. From October 2004 to September 2005, he worked as the Financial Controller for Hongkong.com Company Limited (a Hong Kong listed company within the China.com Group). From October 2005 to April 2007, he co-founded KISS Catering Group, a food and beverage business in Beijing. Mr. Ku received a bachelor's degree in Finance from the Hong Kong University of Science and Technology in 1996, and is currently a Fellow Member of the Hong Kong Institute of Certified Public Accountants.
Mr. Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper commented, "I want to thank both Winston and Drew for their significant contributions during their tenure at Orient Paper. I also look forward to continue working with Winston as he helps us in our transition to a new CFO. We wish them both the best in their future endeavors. Meanwhile, we are pleased to welcome Jing Hao back as CFO. We also welcome Mr. Marco Ku to the Board of Directors and Audit Committee."
About Orient Paper, Inc.
Orient Paper, Inc. is a leading paper manufacturer in North China. Using recycled paper as its primary raw material, Orient Paper produces and distributes three categories of paper products: packaging paper (corrugating medium paper-based), offset printing paper, and other paper products, including digital photo paper and household/tissue paper that the company is currently expanding into.
With production operations based in Baoding in North China's Hebei Province, Orient Paper is located strategically close to the Beijing and Tianjin region, home to a growing base of industrial and manufacturing activities and one of the largest markets for paper products consumption in the country.
Orient Paper's production facilities are controlled and operated by its wholly owned subsidiary Shengde Holdings Inc, which in turn controls and operates Baoding Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co., Ltd for manufacturing digital photo, printing and packaging paper.
Founded in 1996, Orient Paper has been listed on the NYSE MKT Board with the ticker symbol "ONP" since December 2009. (Please visit http://www.orientpaperinc.com)
SOURCE Orient Paper, Inc.
/Web site: http://www.orientpaperinc.com
Access Investor Kit for Orient Paper, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US68619F2056
(END) Dow Jones Newswires
November 03, 2014 08:00 ET (13:00 GMT)DN201411030042402014-11-03 13:00:00.0001AB3TG77URDTP2D3LJMTM55L41DJNF
Here's my list of stocks that are already in/near my trading buy valuations, but I'm waiting for another big market down day to pull them down further before I pull the trigger:
ONP
GRO
GIGM
BORN
GURE
and I'm still in FEEC
Wouldn't that be nice!!!
Certainly is a possibility if the outcome of all these extensions is favorable.
I'm thinking the same on GIGM.
ONP up as well.
Surprised with the low float it's not moving...I guess it was priced in?
Anyway, good to see they are still on track and things are working as planned with the new digital paper segment.
ONP- Volume looking good again today.
ONP- increased volume. It would be nice to see this sustained into next financial report.
Yes, how about GIGM!
Any thoughts to this volume?
Yes, should keep trending up as long as they stay on the track they are on. Given the nature of chinese stock environment should provide some volatility along the way for trade opportunities. Combination of value and growth at these levels, at this particular point in time.
ONP also waking up.
ONP also waking up.
YSYB- Any info on volume coming in???
I like FEEC.
YSYB- High volume coming in...
YSYB
Volume coming in...
Loving the volume!
I agree and just got back in after being out a long time. Will probably be quiet for a bit...
ONP
Morning Market Movers
9:59a ET July 3, 2013 (Benzinga)
Orient Paper (NYSE: ONP) rose 54.05% to $2.28 after the Securities and Exchange Commission closed investigation of the company with no enforcement action.
Closed @ $1.87
The catalyst is that their product qualifies for subsidies, fairly major news.
Do you have internet service wherever you live, and if so, did you have to provide your real name? I live in the USA and I did.
ALBCF
Alibaba maintaining today's 23% rise and volume toward end of day.
GURE, BSPM, ONP, FEEC, all trending higher in recent trading.
BSPM- apparently the recent breath of life is due to military contracts in the pipeline: http://finance.yahoo.com/news/Biostar-Pharmaceuticals-prnews-1929726335.html?x=0
SINO-FOREST not out of the woods yet...
http://www.ft.com/intl/cms/s/0/29cab454-1330-11e1-90bb-00144feabdc0.html#axzz1eHFn3tXF