J/N, since you are so critical of SIAF, not to say the least your incessant whining about Chad’s performance, all while the stock has faced Rule 144 shares being sold into what is obviously a soft market for China small caps. That stock, RHGP; guess what I found?
RHGP sold shares in May 2009, and since the Company is considered non-reporting those shares would be restricted for 1 year as opposed to 6 months under Rule 144.
Guess when that 1 year is up? Isn’t that interesting considering the big run it has had? Maybe CCG's IR has been doing a good job of getting the price up. It’s easy to do when you don’t have a Rule 144 seller. SIAF ran from $.005 to $1.90 while the shares remained restricted.
Chad pointed out the big difference in dollar volume between the two. You had better hope RHGP’s volume picks up. It’s a long way back down to $.70 per share from today's $2.79. My guess is your going to have the same problem with RHGP that SIAF has been having. Only difference is SIAF is probably about done with the Rule 144 seller and the RHGP sellers are about to start.
Recent Sales of RHGP Unregistered Securities:
On May 15, 2009, we (RHGP) sold an aggregate 2,142,856 shares of common stock at a purchase price of $0.70 per share and three year warrants to acquire an aggregate of 1,071,428 shares of common stock at an exercise price of $0.875 per share to Allied Merit International Inc. and Griffin Ventures Ltd. for $1.5 million which was received on August 7, 2009.
The securities were issued under exemptions from registration pursuant to Regulation D and Regulation S under the Securities Act of 1933, as amended (“1933 Act”).
Griffin Ventures Ltd. represented it was an accredited investor as that term is defined in Regulation D under the 1933 Act. Allied Merit International Inc. represented it was a non U.S. person as that term is defined in Rule 902 of Regulation S under the 1933 Act. No underwriter or placement was engaged in connection with the above issuance and no commissions were paid.
So long, RHGP; so long, CCG; so long, Joe. And don't let the door hit any of you too hard in the ass on the way out. Well, maybe a little hard.
AI
