anyone sell or buy aobo today?
I'm holding my 30,000 sahres tightly (cost at $1.3)
my recent AOBO post on RB board
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Soybean sale drop 90% worries me…
I wonder whether they have the right way to book sales..
The way they describe in the 10K it seems that they booked sales when the store or distributor order the product (and not when the customer buy the product)
I don’t know what the rule on drug/supplement sales.. whether they can record sales as the distributor pick up the goods.. or they have to wait till customer purchase it from the store…
Either way, the sales of soybean product in 2003 is way overstated then (and probably the number for 2004 is understated), but I don’t know what’s going on.. how can a product sale down 90% unless it’s being discontinued… or if the drug/supplement get some warning from the FDA…
But it seems they can replace the soybean product sales with other product..
If I remember correctly the soybean project was owned by tony liu the current CEO, if the soybean product is going to be discontuinued in 2005 (or if the soybean sales is not significantly higher than the 2004 number), then the purchase of that soybean project is too high/expensive
JHMO
Stan
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from things will be better if they don't do the PP...
the PP was a disaster IMO.. surely it's a good way to get capital.. but it's expensive...
for $1 they have to give 1 share.. 1 warrant at .85 and 1/2 warrant at 1.6
I wonder why I'm not offered that PP..
I want to buy 30,000 share of that private placement deal (to add to my current 30,000 share)
sorry for complaining.. I thought they were ready to use that to buy something... if this is the case they could have just wait till they got the $6M from operation (and it shouldn't take too long maybe 9-12 months) and it's already 3 months passed in 2005... they probably already have $2M more in income and cash flow from Q105
Stan
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whatever AOBO do please do not authorize them to increase the authorized shares...
you see how they use the shares... 60M authorized is more than enough... they think shares has no cost... equity is expensive.. (at least for us the existing shareholder...)
JHMO...
Stan
AI
