Not me Lou..waiting for Gloria to send me to the promised land..

VHG, FINRA has said that they have no receipt of the filing. So that being said, is BFAR intimating that the approval is by the MM of all neeeded documentation to then submit to FINRA?., who knows..

mmm, agree. this is risk/reward at it's purest!

My two cents.. the last 2 pr's do not make sense, first one mentions FINRA, second one does not. Now are they meaning it's been approved by the MM who is gathering all their info to submit to FINRA?., who knows, but seemingly very shady.

Secondly, the fact that the company has not increased O/S is a slight positive sign.

anyway, anybody care to expound with their 2 cents..

I hear ya! But man, somebody has to know somebody who knows somebody who can check on this info in China..

I mean, could this be one of the best stock scams ever?!, or is it one of the best sleeping lions ever?!!

Not too long ago, this stock was being purchased @ $5 or so!!

Moras, I have called..numerous times, and have talked to the previous IR person Gloria Fang, twice.

problem was, and is still that i dont speak Chinese.. Gloria did speak English, but not that good.

Durand, or any other person here who has a contact in China..

Is there some way to have your contacts check on the info pertaining to the leased land in the last 8k on 6/11? Seems like if that could be confirmed/denied it would help. And again, if I spoke Chinese I would be a callin yesterday..


Item 1.01. Entry Into a Material Definitive Agreement.


The Company is filing this Report on Form 8-K in order to file as Exhibits the leases related to its 330 acre parcel and its 65 acre parcel currently used to grow Schisandra trees.


The first land parcel (Lease #1) is approximately 330 acres, and was leased for a 30-year term, which began on January 1, 2003. A total of four lease payments of approximately $12,370,000 (RMB 84,000,000) each are to be paid on the dates, June 30, 2003 (paid by the Company), June 30, 2011, June 30, 2019, and June 30, 2027. The annual lease expense for Lease #1 has been calculated using the straight-line method over the life of the lease, and is approximately $410,000 (RMB 2,800,000) per year. As of September 30, 2010, and December 31, 2009, the Company had deferred lease payments prepaid on this parcel of land of $104,507 and $409,842, respectively.


The second land parcel (Lease #2) is approximately 165 acres and was leased pursuant to a 25-year lease commencing January 1, 2008. A total of four lease payments amounting to approximately $5,150,000 (RMB 35,000,000) are to be paid over the 25-year term of Lease #2. The payments are scheduled to be paid on June 30, 2008 (paid by the Company), June 30, 2009 (paid by the Company), June 30, 2017 (approximately $1,650,000), and June 30, 2025 (approximately $1,650,000). The annual lease expense for Lease #2 has been calculated using the straight-line method over the life of the lease, and is approximately $205,000 (RMB 1,400,000) per year. As of September 30, 2010, and December 31, 2009, the Company had deferred lease payments prepaid on this parcel of land of $1,306,341 and $1,435,447, respectively.


Item 9.01. Exhibits.

Exhibit No.
10.1 Description
Translation of Material Terms of a Lease dated January 11, 2003, for 330 Acres with New Agriculture Village, National Minority Town, Nationality Korean, Manchu, Tonghua County, Jilin Province, P.R.C



10.2 Translation of Material Terms of a Lease dated January 11, 2008, for 165 Acres with New Agriculture Village, National Minority Town, Nationality Korean, Manchu, Tonghua County, Jilin Province, P.R.C

She might be working on a pole, I'm not sure which one though..

..probably the BFAR shareholder pole..

wOOt.!

Moras..i know!, it's all wong.!!,


..ken wong that is.!

Gloria will come, bearing many gifts.. stuffing your stockings with 10-k/q's out the wazoo.!!

sound good??!!

Hey, looks like good things a'coming.!

Wow.! 320k sell/buy after the bell.! could be a late print from earlier in the day.

Anyone here buy that chunk today?

Long wait for me too. I've been here since they crashed under $1..bought some and., at this point I'm willing to weigh the gamble of filing vs scam.!

If i lose the investment, oh well! I guess I'll retire 4months later..

Yea..this stock is such an dichotomy! On one hand, you had a reporting $5 stock, now your have a non-reporting .05 stock!

Is it a scam.?! Is it the greatest sleeping lion, whose about to roar 10-fold+ as some mention?!!

This one will drive ya batty..

Lou, but in this case it's difficult because with normal transparency, ie.. filings, you get a clear picture.

Here with BFAR, it's all muddied up! And hopefully, the water will clear up with some 10k's!!

It's been so long since i spoke with Gloria, but i seem to remember her hinting at some aspect of disagreement between company and someone (auditors, SEC, etc..) Now, this could be what we are reading about as the main crux of the problem with Chinese companies on US exchanges and the inability or willingness of these companies to conform to US reporting standards. Boy i sure wish I spoke Chinese...would've got alot more info out of her!

Guys, it's simple, think of it in these terms:

Every trade is a meeting/coming together of a 'buyer' & a 'seller'..

Well, who initiated the meeting? If the 'buyer' initiated, it's positive/accumulation. If the 'seller' initiated, it's negative/distribution.

The price of the stock will tell you who is in charge..

hope this helps..

Well, if I spoke Chinese I'd do it in a heartbeat..

Has anyone tried (or have someone they know) to get a hold of the new China IR ph #?

Or, has anyone tried to do any research either themselves, or again thru a Chinese contact, on the leased property they discuss in the last 8-K filings in 6/11? I wish I spoke Chinese or had contacts over there..

Looking for Gloria...anyone seen her?!!

JJ..agree!! and, its totally contrived..look at all the spelling, no one who doesnt understand the language/grammar, spells with the accuracy he/she does!

I say it's LTO or one of the other negative nellies who have been on here for years!

fcpg, have you, or anyone else here on the board, tried calling either of these #'s that are listed in recent filings:

Lijun Zhang 646-200-6329 - on the 10q dated 5/17/11

Registrants (BFAR) ph# - 011-86-435-5211803
(Registrant's telephone number, including area code) - 8k dated 6/24/11

why would there care about their status as a 'US' entity?? They dont do business here...if they're ok with holding off filngs 10 q's/k's, i bet they really dont give a ratsass about a corporate seal being up-to-date.

Dang! no wonder she never answers the phone..too busy cleaning up after the cats!!

well hey, she doesnt speak english the greatest...just posting to the board what i discussed..sure wish i spoke Mandarin.

For the board:

for whatever this is worth, I just got off the phone with Missy Zhang(prob the 10th time i've called over the last 2 weeks), the old contact listed on BFAR's website. I already knew this from a previous call but she mentioned she does not work for BFAR anymore and hasnt for about a year..

i mentioned she was still listed on the site as the contact and she was a little surprised.

i tried getting info out of her as it pertains to why the company has not filed, but to no avail.

i did specifically ask her about the company, twice in fact, as to if they are a legitamate business. she twice said they are.

i asked her if she had any contact #'s for the corporate offices, she said no(which is a little surprising). i asked her where the company headquarters were located, and she said in the city of Jilin.(she spelled it out for me)

it was a nice conversation, didnt get a lot of info that i wanted, but still, added to my confidence, ever so slightly, that they are a legitimate biz.

Does anyone know someone that lives in Jilin?

fcpg, this response from the CPA adds further to my skepticism that some on this board have said that they talked to the CPA and were told material information that was negative in nature(ie.,Chung, Love)...which i have a hard time believing they would say anything about an on-going audit of a public company.

I think we need to hire a Chinese PI to check out these facts/lies for us.!!

fcpg, i think the owners selling into news could be plausible, but i dont think it adds up to what's happening here trading-wise..

VFIN has been aggressively sitting on the ask and responsible for close to 50% of trading volume being 'short'. short selling is 'creating' shares out of thin air.

fcpg..my earlier post in response to this one was deleted...lets see if i can word so it's not automatically 86'd..

here's a kinda similar pic:


http://www.firstchinapharma.com/corporate/corporate-governance/audit-committee-charter

i totally agree with you and thought that when i looked at the makeup of the peeps in the pic...but, the link for BFAR has to do with stock/investing, so could make sense to post 'familiar' faces to a 'market' (US) your trying to solicit...anyway, my .02..

i read this yrs ago...naked shorting goes on profusely in 'pinkies' because the majority of up-start companies never make it..and, if you dont have to pay 'cap gains' on your 'short' trades.??

hmmm...making sense now why VFIN might have a reason to short the hell out a chinese stock that is behind on it's filings/transparency/..whatever??!!

lucky, here's another little side benefit to shorting a stock that will eventually go out of business or be @ 0.00..

.you never have to pay 'cap gains' on that stock you shorted and never had to cover..

opt..agree completely on the thought that VFIN has been shorting heavily..i've been wathcing the daily trade #'s and there has been an extremely high short %, coincidentally, VFIN has been extremely situated on the ask, indicating they, for whatever reason , have chosen to be the 'short' killer..

and as to your thesis, i think its in the realm of possiblity that the last couple of days trading action can be nothing more than manipulation..shocker huh?!?!

but, this hasnt been exclusive to BFAR, as opposed to countless Chinese stocks, where transparency/clarity/truth is the '$67k' question...and like i said before..if all filings were up to date, and these #'s were 'officially' confirmed, we wouldnt be buying a stock @ .06 right?!? risk/reward..

fcpg, i'm long in both BFAR & FCPG..i'm hoping the filings come out soon. I think both these stocks should be above $1..VFIN has been holding this down with a high amount of short volume, and whats needed, and can help, is just getting the word out there about these undervalued companies.

Can i guarantee that they'll be over $1? No.

And if they were up-to-date, filing-wise, i wouldnt be buying shares @ below .10 !!

And Lou...I didnt sell 1 share today! Im in this for the long haul.

lets get the word out everyone..again, look at FCPG, 24mil market cap on half the revenue!! seriously?! BFAR with 4mil mkt cap?!!

And, BFAR is not a Tobin Smith touted stock..

bwah hah hah hah....looks like jk missed the second bus.. no worries, the little yellow bus will be by shortly for ya.

yup..VFIN fighting now to keep it down, otherwise they have some massive short covering to do.!

FCPG market cap at 24mil even though price is down 10% today.!!

BFAR still is under 5mil market cap.?!!! with twice the revenues of fcpg.

fcpg...all good, i've been wishing i had more to put into fcpg and bfar myself! i think these stocks at some point will be $1+..when, who knows..

look at FCPG the last couple days...people realizing they've oversold these chinese stocks to the hilt.!!

FCPG has a market cap of $30+mil...BFAR has around 3mil.?!?! this could be your reason..

imho..

lets get the word out peeps.!! look at FCPG and whats its done the last few trading days..at some point the market will realize they have way over-killed these Chinese stocks!!

uumm., 'buyin an sellin' as usual..