Sino-Global Shipping America (SINO)

[value1008]

I'm now thinking that the funds-raise / share-offering in Feb. was done, in part, 1) to create a nice stash of cash held outside the PRC banks for the sake of reassuring any skittish investors here in the west.

2) Reassure the stockmarkets that this company can attract non-retail investors. (The buying of 500k shares by CVI Investments also helps in this regard.)

3) And last but not least, also to have cash on hand in case any opportunities arise connected with the eventual "renewed health" of the shipping sector. I mean, the co. in the past has in its filings made reference to "temporarily" suspended biz segments.