Hello I-Man, I 've read through you posting - there seems to be a number of varied points you are trying to get over...
2010 is here, and though I do not hold any PUDA in my portfolio, it is no surprise I stated all along that reverse split was wrong for them to do just to uplist from OTC. Other strong Chinese corps (or other corps) have successfully uplisted from OTC not doing any reverse split..
A reverse split got them to AMEX and you think they should remain an OTC? I disagree, the company is over 100 Million valuation and they are looking to add millions of tonnes of coal deposits. This is going to be a very large profitable company and, I and many feel, it was the right time to move up - and not a time based on PPS.
Sure coal is in demand as is steel, food and other things for China, as they are becoming what the USA used to be. Many things will keep changing as we enter the second decade of the 21st century....
Change is a fact of life - I think steel as a building material isn't in question in the short term - coal as an energy may be question but it's cheapness and an effective form of carbon sequestration will see it used in the long term. It's difficult to find an energy form cheaper than digging it up and burning it - but hey that's the future for you.. full of surprises - in the mean time it's the backbone of the Chinese economy.
However, new SEC regulations start Monday for Chinese stocks listed on US exchanges for open full disclosure for data & filings, etc, and it could prove that many who are investing on info on various Chinese stocks find, that the information previously reported by them was embelished a tad bit and not entirely accurate and create major price swings for many Chinese stocks this month...
Is this a general comment on Chinese stocks or PUDA in particular? Which SEC regulation are your talking about?
rich
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