Redwood Group International (RDWD)

[MinnieM]

The closings they had scheduled for the end of 2008 died due to world econimic circumstances. In a creative move, they took one company to the Canadian market. That was actually pretty impressive given the overall economy.

The O/S is pretty high and that probably scares some away. On the positive side, another closing should be announced in the near future. They need more than just once closing a year to pay down debt and become profitable. I believe they will do so.

During the interview JBickel gave he said a lot of companies contacted them after the Boyuan deal closed.

Take a look at the following:

***Canadian Reverse Merger Breaks Financing Drought
Posted March 06, 2009 1:00PM PST

Boyuan Construction Group, a Chinese construction company, reverse merged onto Canada's TSX Venture Exchange and completed the first private placement as part of a going-public transaction since January.

Boyuan acquired all of the stock in SND Energy Ltd., a reporting shell company, in a reverse merger deal valued at C$48.8 million ($37.9 million).

In the placement, the company sold $1,000 units, each consisting of one secured convertible debenture, 125 common shares and 250 warrants to raise C$4.1 million from institutional and accredited investors.

The warrants allow the holder to purchase a share for C$2 during a four-year period. The debentures can be converted to a share for C$2 for four years, and include 500 rights to receive new shares if the company meets certain financial goals laid out in a make-good provision.

Irvine, Calif., investment bank Hunter Wise Securities, which acted as a placement agent for the PIPE, said in a March 3 statement that it believes the make-good provision is the first in the Canadian market.

The Boyuan debentures, which will be listed separately on the TSX Venture Exchange, mature on Feb. 27, 2013, and bear interest at an annual rate of 11.75% paid quarterly in cash.

Vancouver-based Haywood Securities Inc., served as sponsor for the TSX Venture Exchange listing, and also acted as co-lead agent for the private placement along with Hunter Wise.

Boyuan said in the statement that it expects to file fourth-quarter financials in Canada next week.***

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I'm holding more than I originally wanted due to averaging down. But, I'm a long term holder anyway. I can't guarantee anything, but, I believe this will make us money in the long run. The Boyuan deal during this lousy economic period impressed me.

Plus, they have come up with some other ways to bring some revenue in. Go to their website and read the pr's they have put out this year if you want to learn more about where they are at.

Another thing I like about management is the transparency. They are a fully reporting pink. That is a huge difference from most.

GLTA



In Reply To 'belgian39'
***What's taking this stock so long to go up...
Been in this play for over a year now and still facing a loss of about 87 % on my investment.
Still holding on,but very disappointed in this firm and the managment...***