Wednesday, November 07, 2012 5:15:57 PM
I've been following stevia market for quite a few years. In the past year, the market was quite a chaos. The price fell down significantly. Take high grade RA 95 for instance, the price was over $120 per kg years ago, and now, from what I heard from a insider, the SUWN quote price is lower than $85/kg. The insider told me that there were two reasons for the depressing price.
First of all, stevia is no longer a rare high-tech product, it has became a commodity. Price is now the major issue in the industry competition.
Secondly, GLG life tech (GLGL), who was one of the largest stevia manufacturers, has poured all of its inventory into the market, trying to collect cash to cover its debt. I personally found this is very believable just based on the news that GLG has released, which you can find on SEC website, at http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001406635&owner=include&count=40&hidefilings=0
Anyway, my insider friend told me that GLG is going to file bankruptcy, I cannot guarantee the accuracy of that info, but if it is true. The price of stevia will increase in the next couple months and Sunwin will become one of the largest stevia manufacturers in the world.
Therefore, it is may be a great opportunity to invest SUWN stock at the price of 20 cents, what do you guys think?
Kona Gold Beverage, Inc. Updates Multi-Million Dollar Merger and Posts Over $1.2 Million in Q3 Revenues • KGKG • Nov 15, 2024 10:36 AM
HealthLynked Corp. Announces Third Quarter and Year-to-Date 2024 Results with Strategic Restructuring, Third-Party Debt Repayment, and Core Technology Focus • HLYK • Nov 15, 2024 8:00 AM
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM
Unitronix Corp. Publishes Its Cryptocurrency Portfolio Strategy • UTRX • Nov 14, 2024 8:05 AM
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM