PE pennies

[Potse]

db7...regarding DI_ON, YI_HG.....

di_on, waaaaaaaaay late on filing(s) but what is interesting to me is it has had large relative volume in May/June...

over 210k traded at .048avg...

and also interesting is that there was a 200k bidder at .05 which got hit a little and didn't run..... still there for 171k

it's scarring me with how late it is on filing but the action (hopefully) indicates 'something'

we will see.

As you noted, both of those stocks have a common shareholder (Ru Mai) and the same auditor. I'm not sure if the deliquency in the filings is an issue with the auditor (perhaps with the increasing scrutiny/concern regarding Variable Interest Entity structures?), or just a matter of the companies becoming disappointed with the markets and losing interest in maintaining their public status.

If it is the latter (disappointment with the markets), the China stocks are certainly not alone in that sentiment. It seems like more and more US-based companies are experiencing disenchantment with the process and results of being a public company. Difficult economic conditions, increasingly expensive/burdensome SEC/government regulations, and a weary investor base are all contributing to the problem.

DI_ON: If I recall correctly, the 1-year anti-dilution clause in the DI_ON reverse merger expires next week. So if that company was interested in some equity-based financing or additional share issuances, that would probably be the first favorable time for the company. The last time I remember the company's website being up/operational, they had been posting news items about some of the projects that the company had been working on this year. A couple that I recall included landscaping projects on a highway and at a hydropower facility.

YI_HG: The only thing of interest that I have seen lately in my scans for this company is that the CEO (Yakun Song) was at another scholarship presentation ceremony on April 29 at Hong Kong Baptist University. Article and picture of the CEO.....

Five students in the Master of Science in Applied Accounting and Finance (MScAAF) programme received the Ya Kun Scholarship. They were Yang Jingyu, Liu Xiaolan, Huang Xiran, Huang Lu, and Xu Qiyuan. A scholarship presentation was held on April 29, during which Ms. Song Yakun, Chairman of Jilin Fooding Foods Group Co., Ltd., made a donation of HK$40,000 for the scholarship.

“I hope that students of the programme will make the best out of their learning experience, and become contributing members of society in the long run. My company will continue to provide support for the School of Business and its students,” Ms. Song said.

Students of the MScAAF programme are eligible to apply for the Ya Kun Scholarship. Selection criteria include applicants’ cumulative Grade Point Averages, outstanding achievements and financial needs, as well as their performance in the selection interview.

http://bus.hkbu.edu.hk/hkbusob/live/html/en/newsDetail.php?id=546&eid=999&pid=