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Flyersfan, this is a sub-penny stock and is definitely at the low point of its existince. That is the nature of the beast and everyone here knew that getting involved was a gamble at best. To sit there like some kind of penny stock professor is equivalent to parading around a junkyard with a sign reading don't buy a car here lol You're the clown predicting 7 horses in a field of 8 will lose right? Until you pick the horse that wins, or a winning STOCK ( which you have not done ever to my knowledge ) your " I told you so " posts are nothing but rantings from a teacher that can't do lol The worlds full of them....go figure.
Thats the million dollar question Oilman, I can't find anything out on that subject either. Owning this stock is becoming a full time job lol
Its a little bit disgusting to me when I go back and read ALL the prs since nov. You could fertilize a 100 acre farm with all that b/s. Problem is when nothing ever comes to fruition how long do you keep believing ? How do you keep a positive outlook when you're pocket's being picked ? Aside from that I'm fine, another lesson learned lol gl
" "As a result of an auditor consent letter that was inadvertently excluded from the recent 10-KSB filing, the company's stock has been de-listed from the OTCBB," stated Jim Bickel, chief executive officer of S3 Investment Company. "As soon as the mistake came to our attention, we began our efforts to file the necessary information and apply for immediate re-instatement to the OTCBB. This effort is ongoing, and we will have all of the required information filed as soon as possible. We thank our shareholders, in advance, for their patience." This was nov 17, this little mistake has cost shrhldrs thousands of dollars. At least back then these clowns told us what we wanted to hear, now they don't even do that. I wouldn't believe anything, especially from these paid parrots they call a pr dept. They can b/s all day long and not be accountable for ANYTHING they say. If anything good was going on, don't you think the co would release it in a pr ? They either are intentionally trying to drive the pps down OR they really don't give two s___ts. Pick one.
I'm not sure but I think 300 is the maximum.
This co is better off NOT revealing info to shareholders and the pps was better off too. I can honestly say this is the most inept co run by the biggest bunch of scoundrels I have ever seen. Nothing but b/s for how long now ? What amazes me is some of you are still working the pr dept.... like they've EVER been truthfull. TOTAL disregard for shareholders, lies, deceit, half truths, fabrications, inflated predictions..... imo they should all be wearing leg irons doing 5 to 10, and taking it up the kazoo like we are.
We could talk about the fact that someone just bagged 140 shrs @ .0525 lol you're right, its not like the co has nothing to address at this point in time. Ridiculous is an understatement.
The only business plan I can see is that they lose money, whether it be in China OR anywhere else. Its a poorly run biotech, I guess they have to blame someone for burning investors money. lol Maybe the hair removal in Korea will work out... lol
Well guy, its funny to me that they didn't mention the Chinese govt forgave 725,000 of the lease obligation. Seems they didn't do any dd before jumping in ( 50 yr lease ? ) and by the looks of their chart and pps they specialize in burning cash. A typical biotech going no-where fast.
I'm not sure, I don't have an hour to kill but was this mentioned in your article ? Taken from the Quest web site. EDMONTON, Aug. 8 /CNW/ - Quest PharmaTech Inc. ("Quest" or the "Company")
announces that it has signed an agreement with Shanghai Gaojing Capital
Management Co. Ltd., to sell its manufacturing plant in China (Shanghai Hua
Gao Pellet Core Pharmaceutical Ltd. or SHGP) for gross proceeds of
1,250,000 RMB (about $175,000). As part of this transaction, the Gaojing
Government will cancel $725,000 U.S. of lease obligations owed by Quest. The
sale of SHGP completes the Company's strategic decision to disengage
completely from China. Two sides to every story Guy, proper dd will always set you free.
Very impressive, she met with Jim Bickel back in nov, must be something she likes about S3, good luck to her. Redwood, VCCHINA and Chief Capital had a meeting in San Francisco
On November 29, 2006, Director of Board of VCCHINA, Dr. Mannie Liu and Hong Kong Chief Capital Launch General Manager, Dr. Ho Cheng, were invited to San Francisco to meet Redwood Capital’s CEO Mr. Jim Bickel, together with the General Manger of Redwood China, Mr. Charlie Wu. They had a fruitful discussion about helping Chinese private companies to access the U.S. capital market. And they had an in-depth discussion about additional areas and ways of cooperating.
Reinstatement to the otc is the only news I want to hear. Until then anything else will be a waste. The r/s was explained as if it was to attract new investors, lol, the volume speaks for itself. The positive is that sivc has no control over reinstatement, other than actually filing the 15c2-11 ( through one of their mm's ) providing they can meet all the requirements to satisfy the sec it shouldn't be much longer. I've tried to no avail to find out what is going on here, e-mails out everywhere with no responses. If the co is waiting for reinstatement, that would explain the silence, we can only hope. So we wait.... gl
I wasn't trying to be funny scoob, just wondering why no other clients have been signed to date. With so many " qualified " co's why no deals closed since Fushi ? I thought I read somewhere that Redwood had a very strict criteria for prospective clients which whould explain the " small " line at the door. Fushi is a great story, if only they could have followed up with a few more this stock wouldn't be in the shape it is, but thats no secret is it ? I wonder if fsin's original plan to apply to the AMEX by the end of 2006 is still in the works. I believe a secondary offering was also mentioned.
Scoobie, do you think their is a lack of interested Chinese co's looking to enter our markets ? Or a lack of QUALIFIED co's ? Redwood certainly can showcase FSIN, seems to me finding the right co's is what is holding up any new signing. Maybe that will soon change, they seemed very optimistic about the four candidates mentioned on the 1/23 pr. They certainly had a winner in fsin and proved they were capable, I'm wondering how long the whole process with fsin took.
This is the way it should be, this was a statement by one of the posters here regarding the sharing of co info. BTW, I think its a law. " he doesn't discuss anything that is not already in the public domain " so I would strongly discourage trying to get the inside scoop, it hasn't worked well for some of the "BITTER" ones who are invested here. jmo
One more question bitter, if you say you knew this before the pr, why didn't you tell the board ? One more thing, I would never put anyone here on ignore, I wouldn't want to miss anything lol or my " burger flipping buddies ". ( my my you are losing it aren't you ? )
Bitter, go back and read your post, # 2973 and tell me, do you just interpret your conversations with andrew to fit your needs at the time ? Seems to me you thought mcf was here to help with reinstatement ? And maybe to a bigger and better board ! Change your mind on this too ?
You're getting ridiculous now. They can't tell you ANYTHING that isn't public knowledge. Show me, other than your so called phone sessions with andrew where this was ever announced prior to the pr date. BTW, why no update about your latest attempt to contact andrew ( after the r/s ) didn't you say you would update us peons ?
That would be the only way to trade out I could think of, other than taking your lumps now..... but then you'd be gone wouldn't you ? jmo
The announcement of plans to file a 15c2-11 for reinstatement was made on dec 12. I've researched many co's who filed for reinstatement and 2 months is not a long time ( considering all the holiday down time ect ). Some of this talk is being fueled by a want to trade out of here, thats already been established.
" MCF where in the frame long before the 10K debacle, so quit with the conspiracy theories regarding delisting. " bitter andrew...I mean genius, the mcf announcement was on nov 22, are you still sure about this statement you just made ?
I agree, which in turn gives me real hope that return to otc is imminent. Otherwise the er would have been coupled with some kind of sugar coating. Eventually MCF will be the " big news " as advertised imo. Its hard to stay focused here, anyone else having problems ?
I agree, but learning the reality of many of the pr's released by some of these co's ( big boards also ) can be an expensive lesson. The internet bubble that popped a few years back exposed a lot of " skams " orchestrated by some of the biggest brokerages in the country. No one said it would be easy. lol gl
I should have stated this contract was terminated 3 yrs ago, Sino is now the distributor. Evidently Melet never got the approval, as stated before in-house distributors have a much better chance of obtaining clearance.
Oilman, here is the distribution agreement between Melet Schloes. and Abaxis, I'm not implying it in any way resembles Sino's agreement, but it gives you an idea what COULD be involved here. Whatever its costing them to prepare for the rollout is money well spent imo, a sucessfull launch would add a ton of credibility to Sino for future contracts. http://contracts.onecle.com/abaxis/melet.distrib.1999.03.11.shtml
As I understand it Abaxis " distributors " are responsible for obtaining the required approvals in each respective country ( in most cases ) what I can't find is what cost the distributor ( sino ) would face in this venture. It could be a drain to sino to fund this. This is a pr announcing Japans approval of thier products... " Mr. Severson, chairman and chief executive officer of Abaxis commented,"We want to thank everyone at Chatani for their persistence, patience anddedication that it took to achieve these clearances. We look forward toworking very closely with our esteemed colleagues in Japan and we areconfident in our combined abilities to create a thriving new market for ourleading-edge products."
I think " the plan " was supposed to be reinstatement to otc first of all. That was the follow-up pr. I think they've found out reinstatement isn't a walk in the park. Could be their were holes in the 10-k, the auditors consent letter ( INADVERENTLY omitted ) lol weren't signed because the auditors wouldn't sign them. They took it right down to the wire, remember ? The auditors backed out imo. Might be the 10-k has to be restated, and that would explain the delay. Lets hope they get something right for a change. gl
The on time filing is better news than you think, it tells me they might be serious about reinstatement to otc. A late filing at this point in time would kill any chance of reinstatement. I'm under the impression the nasd does not play games with these co's. Bad news might be good news... or something like that.
snow, I understand what you're saying and that is the danger of almost all penny stocks. How they survive is usually not in an investors best interest, any investment books ( investment for dummies ) lol say DON'T TOUCH THEM. I buy stocks like these because I think they've bottomed ( for trading purposes only ) and I think they have the potential to take a turn up NOT because I like the co or its management. BIG difference. Usually what make them run is co hype or " prediction just like what happened here recently, then back down they come. Too many traders in for the short run to make " investing " feasible. With your investing knowledge and understanding of financials, I'm surprised you haven't figured this out yet. Our only hope is a good coat of lipstick on this piggy, that with some cooperation of management to come through with SOMETHING positive and bring some new penny chasers in here, THATS what moves penny stocks. " SPECULATION " or some call it dreaming....its mind bogling how fast a dream turns into a nightmare. gl
Oilman, their policy is not the problem. The state of this co. is the problem. MCF isn't taking on sivc for free, their getting paid. If sivc goes belly-up, MCF loses nothing, and to suggest MCF wouldn't do business with a dying co is absurd. They have enough problems running themselves, ever check them out ? Now having said I think the plan, if their is one, is to get all the b/s out of the way... put some space between the r/s and the er and start slowly building on something positive. The first would be reinstatement to the otc, followed by a Redwood signing ( or two ) and the hat-trick would be Abaxis approval in China. The new symbol is a plus, some positive news and the buyers will be there trust me, the space between the r/s and positive news is needed. This is an opinion only, and hinges on the return to otc within 1 month. If that doesn't happen, I would say all hope is gone. glta
After reviewing all the pr's since Nov. I am totally confused as to what is going on here. Most of them are designed to give the public the notion that things were really happening, well we know how that goes. The one I don't understand is the consulting agreement with MCF. Why ? They didn't need them for the r/s. Its like they wanted to add some credibility to what the future plans were to be. Our only hope is that the MCF agreement WAS made to eventually pave the way back to otc. That delay is understandable now, knowing the r/s and the glowing 10 Q was looming. I wonder how long they could keep the lid on any Redwood signings ? There was supposed to be 3 nearing closure, if that was true. Like I said, I'm totally confused, I guess thats the price you pay for being gullible.
Mine was updated yesterday, now an update from the co would be deeply appreciated.
What earnings ? just kidding oilman, I honestly don't know, my heads been spinning since Fri. I don't know if I'm ready for that but we might as well get it over with. If there's any bad news lets get it all out of the way. Question, wasn't it last wednesday when the volume spiked here ?
I'm sure they'd like to put a little space between the bomb and the big one we're waiting for ( otc ). I hope they can keep this in lockdown until then, that should not be a problem if thats what they want. We pop out on the otc with a new symbol and some good news... stay positive guys, it can happen.
I have the same thing with Ameritrade, its probably taking a little longer because its a pink sheet change. I'm in no hurry to see the update, it'll be ugly. Believe me, Ameritrade will be on it, they surely don't want anyones acct inflated.
lol I don't know bluefish, but I can tell you there's certain people really turning the heat up on these types of co's. and the way they operate. Thats why I hope he's in the mindset to do something now for the shr-holders. A kind of smokescreen if you will. Hopefully when the smoke clears, a lot of posters here will have escaped. Myself included lol GL
This all hinges on the one pr we desperately need. SIVC RETURNS TO THE OTC. As the sole mm, mcf will then control things for a month anyway. I think they run it but I'm a little biased lol ( especially with a little help from Redwood ) Bickel imo isn't ready to lose this cash cow he's created. By creating a little value ( for himself as well as us ) he'll regain a little credibility, I said " a little ". But enough to allow him to go on wheeling and dealing for who knows how long ? I wish him well. jmo
I don't know why that would be oilman, td ameritrades up and running. You want me to put an order in for you ? How about a few million to start the ball rolling lol
You can rest assured they will let this suffer a while longer. There's a lot of money to be made if they can take this down another notch or two. Anyone who doesn't think they have an small army of bottom feeders ready to make a killing here is sadly mistaken. Give it a week or two, and hope their plan works. jmo