Here is what is going on.
Fifth Season board members became the board members of Dynasty. Dynasty then aquires all of Fifth Season - including all there assets! Fifth Season is a real estate developement firm in China where the market is still red hot. Think with me. If you were a real estate development firm, how large would your holdings be to consider getting publicly traded in another country? I would suggest 50-100 million is very reasonable. If they are 85 million this stock should be trading at least 50 cents!
Bottom line: Tell me what Fifth Season's holdings are and I'll tell you the value of Dynasty. (If anyone knows the answer to this, please chime in.) I would suggest we are below value now. That is why on no news buying came in like crazy. It is also why we shouldn't fall off too much here.
I bought more today. Really, know one knows about this stock. There has been zero promo in the US. A few Chinese insiders buying. This company will give mutual funds direct access to what is going on in China.
Read the second article below, I added the bolding. Dynasty is no longer a small shell of a company, they are getting launched. I believe the future is looking very bright.
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HONG KONG - Dynasty Energy Resources Inc (Dynasty Energy) of US agreed to a acquire the entire share capital of Fifth Season (Hong Kong) International Group Ltd (Fifth Season), a real estate development firm, in exchange for ###.### mil new Dynasty Energy ...
Acquirer: Dynasty Energy Resources Inc
Acquirer Business Discription: Capital pool company
Acquirer Ultimate Parent: Belmont Partners LLC
Acquirer SIC Code: 6726 - Investment offices, nec
Target Name: Fifth Season(Hong Kong)Intl
Target Business Description: Real estate development firm
Target SIC Code: 6552 - Land subdividers and developers, except cemeteries
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M&A WATCH: DELAWARE DIVES FOR PRC PROPERTY
By Helen H. Chan (Hong Kong)
(Westlaw Business) Amidst further legislative moves by the Chinese government to cool its red hot property market, Delaware enterprise Dynasty Energy Resources is diving in headfirst. Headquartered in New York and Shanghai, Dynasty specializes in sourcing services for American companies in China. The company may be expanding its business scope quite soon. In disclosure filings dated October 18 2010, Dynasty reported that it had entered into a share exchange agreement with Fifth Season (Hong Kong) International Group to swap shares. Dynasty will exchange 391 million newly issued units of its common stock for all the issued and outstanding stock of Fifth. Hong Kong based Fifth works through China-incorporated subsidiaries to acquire and develop commercial properties within the PRC. The company also manages Chinese department stores as well. As a part of the transaction, Fifth has warranted that it has good title to all of its leasehold interests and ‘enjoys peaceful and undisturbed possession.’
Fifth Season is represented by Dawn Bernd-Schulz of Pillsbury Winthrop Shaw Pittman. According to the terms of a share exchange agreement between the parties, the newly issued stock will constitute approximately 98% of the entire issued and outstanding capital of Dynasty. Presently Dynasty has no preferred shares that are either issued or held by its treasury.
In connection with the signing of the agreement Dynasty’s president and treasurer Lu Shaoping has resigned from his current posts but remains the company’s chief executive officer.
TOPICS: M&A: Other
REGIONS: Asia Pacific
INDUSTRIES: Energy, Real Estate
