I finished picking up some more shares. IMO, SUIP continues to be a fairly attractive shell, particularly when you compare it to some of the shells that have been getting quite a bit of attention on IHUB over the last few days/weeks/months. When you see shells with 100+M shares outstanding achieving market caps over $10M, I think a 6.3M share shell like SUIP trading at a $190K valuation offers a pretty interesting risk/reward.
Based on recent Nevada SOS filings, it is my hunch/belief that SUIP's management is still very much interested in acquiring mining assets/operations. For those who may not be familiar with some of the background/history on SUIP, the company changed its name to the current one of "Sunrise Holdings Limited" in March 2008. The change to a more "generic" name was done to reflect a potentially more diverse line of operations for the company, rather than just a mining-specific business.
I don't have text search capability on IHUB to see if anyone has noticed yet, but I would imagine that most investors are probably not aware of a rather interesting piece of information available on the Nevada SOS site. Shaojun Sun (SUIP's Vice President and CFO) filed a name reservation for "Sunrise Mining" about a week ago (October 25). So it wouldn't surprise me at all if some type of joint venture or RM with an Asia/China mining-related business takes place at some point.
Nevada SOS name reservation.....
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=VWOGlsmytnr3CtZH9QOWaw%253d%253d&nt7=0
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