Value Microcaps Zip Code Changers

[Potse]

RNPR(.10)...shell.....

1) 3.8M shares outstanding
2) 3 Chinese investors own 3.45M shares (90+% of the shell)
3) One of the investors (Rui Mai, involved in venture capital and land development) purchased a fully-diluted 25+% position in another stock I own (DION) during calendar 2010 (filings are expected to be made soon).

I picked up a few shares of the RNPR shell during 2010 when the price dropped down into the 6-cent area. The net valuation of the shell at that price was well under $300k.

Song Yakun purchased control of the shell in December 2009 (2M shares at .066). I don't know whether she is planning on reverse merging any company she currently is involved with or whether she will pursue a completely third party type of RM.

She has been primarily involved with processed food companies in China over the last 15 years. The company she currently is Chairman of was apparently struggling prior to her arrival in the 1990s, and the job she has done there has garnered attention in the form of nominations for entrepreneur and brand recognition awards. The last link below is a dated piece (probably from 2006) in which you can find some history of that company and future growth plans (which included development of a fast-food franchise).

Last year I recall running across her Netlog page in China, and most of the colleagues listed on that site were connected to food companies. One in particular that caught my eye was the CEO of Nestle (China).

Couple items of interest.....

http://www18.hkbu.edu.hk/~uao/foundation/eng/news.php?offset=33&n=2010034

http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.jlcity.gov.cn/headinfo/infocontent.jsp%3Finfoid%3D17525&ei=rd0YTaysMeHhnQeyp7CGDg&sa=X&oi=translate&ct=result&resnum=7&ved=0CGwQ7gEwBjge&prev=/search%3Fq%3D%2522%25E5%25AE%258B%25E4%25BA%259A%25E5%259D%25A4%2522%26start%3D30%26hl%3Den%26lr%3Dlang_zh-CN%26sa%3DN%26tbas%3D0%26tbs%3Dlr:lang_1zh-CN%26prmd%3Divns