Do you remember the story of Jack in the Beanstalk?
Specifically, the Goose that laid the Golden Eggs. Why did Jack steal the Goose itself from the giant instead of a few of the gold eggs?
Same reason why I like SIVC so much. Instead of buying shares in one shell that has a Chinese company merging in to it...usually they do a reverse split of shares before most Chinese reverse mergers. I would rather buy shares of SIVC get three or four dividends of shares in SIVC's Chinese reverse mergers every year. Those SIVC dividend shares are post reverse split shares. To me that is owning the Golden Goose instead of just one Golden Egg.
S3 previously announced that the company's Board of Directors had met and began formulating a plan to dividend shares of the stock of Redwood Capital's reverse merger clients to S3 shareholders of record at a future date.
"The addition of another quality Chinese private company client further strengthens the position of Redwood Capital and S3 Investment Company in the reverse merger sector," said S3 chairman and chief executive officer Jim Bickel. "Our participation in the successful close of the Chuming transaction significantly increased our profile in China, and we continue to see a consistent flow of potential clients for Redwood Capital to consider."
"Redwood Capital now has three active reverse merger clients in China and is considering several additional candidates....Redwood Capital to reach, and perhaps even exceed, its goal of participating in at least one closed reverse merger transaction per quarter," Mr. Bickel added.
News 
Market Data 
Discover 
AI
