Replies to post #2314 on Sino-Global Shipping America (SINO)

[value1008]

I'm now thinking that the funds-raise / share-offering in Feb. was done, in part, 1) to create a nice stash of cash held outside the PRC banks for the sake of reassuring any skittish investors here in the west.

2) Reassure the stockmarkets that this company can attract non-retail investors. (The buying of 500k shares by CVI Investments also helps in this regard.)

3) And last but not least, also to have cash on hand in case any opportunities arise connected with the eventual "renewed health" of the shipping sector. I mean, the co. in the past has in its filings made reference to "temporarily" suspended biz segments.

[ash111]

I agree w/ value1008 could be also due institutional investors demand. They can't buy at open market because limited trade-able shares so company issued 1.5m shares ( about 20% of O/S) at a decent price of 3.18/ share. Btw. Float remains the same.

Company mentioned it early this week(10Q):
"We intend to use the capital raised to further grow the Company and invest in the long-term future of Sino-Global"