MM: I read with interest your response to Moody about the timing of the SA IPO. From your response, I gather that you feel something, other than what Dr. Phan has stated as the reason for the delay happening.
If this could be the case, why would we hear from HRCT that Yuanta was encouraging SA to merge with a much larger identity in China and then try to IPO. It was even mentioned that this identity (which was 5 times the size of SA) couldn't IPO either because of the lack of institutional investors.
Dr. Phan even mentioned more than once that he was going to China to see that the IPO happened in a timely manner. The fact remains that we stockholders were told what??? 1. That Yuanita couldn't sell out the IPO shares to institutions and a lack of stockholder interest in the U.S. Why the stockholder interest in the USA was even a concern, I'll never understand.
2. The "road show" was only announced for Canada and the U.S. which didn't make good business sense to me with SA being strictly China Companies. 3. Then to top it all off, at the last moment, we were told about Yuanta's role and that Koffman would be the lead underwriter which leads me to believe the whole IPO thing was very poorly planned. 4. Now Dr. Phann leaves for China to do what???? Obvious to me that the planned (smile) IPO isn't going to happen so what can he be doing. Maybe something involving Sinobull?? 5. One question and possibly the biggest one.....why can't SA be a viable IPO Company???? Are there revenues and profits from the SA Companies? Looks like if there were, investors wouldn't be so hesitant to buy and hold stock.
Lots of questions remain unanswered yet the stock suddenly begins an uptick from Germany first on no news because of a "black out". Then, the USA market follows the lead of the Germans for the past week, still no information to justify the "green" showing.
I guess my whole point of this conversation is to say.....if you tell me something, tell me truthfully or else tell me you can't divulge that information at this time. I can accept the latter but I don't care for any half truths or similar statements. I'm not saying that all isn't what has been stated, it just seems odd at what is taking place, is actually happening. I'm off my soap box....now back to the schedule bashing. (smiling).....hrctbull
