Sino-Global Shipping America (SINO)

[value1008]

The big problem is that SINO is posting bigger losses and now is almost out of cash-- under $1M in this last report. Which means more dilution, i assume? And they've already diluted shareholders by 30% in the last year, going from around 10M to 13M shares.

I was happy to read in the fine print in the 10-Q that they got their money back and a small gain from that Peralta Malaysian steel project with Zhang.

But it looks like they're having to put up cash advances for other partnerships, no? I didn't have time or inclination to read through everything since it's been over a year since i've been in the stock.