BFAR..$1.09 Cross posts..
From last month.. This in no way changes the number of shares outstanding.. Or the earnings per share.. It's a waiting game.. I was hoping to double down below $0.80 but it does'nt appear that they are that stupid/greedy to comply.. hank
Posted by: abh3vt Date: Thursday, February 25, 2010 2:37:02 PM
In reply to: 10 bagger who wrote msg# 123752 Post # of 124157
10bagger, there are some China Finance connections here in BFAR so I'd advise caution. CHFI is a notorious destroyer of shareholder value until they sell off their holdings.....
Looking at the proxy statement here, it looks like the r/m consultants own a shockingly large portion of the company:
As of June 4, 2009, all 50,000,000 shares of our
authorized common stock were outstanding. The address of the officers and
directors listed below is c/o our company, New Agriculture Development Park,
Unit - Tonghua Huachen Herbal Planting Co. Ltd, Daquan Village, Tonghua
County,Jilin Province, P.R. China 134100.
Amount and Nature of Percent of
Name and Address of Beneficial Owner Beneficial Ownership Common Stock
------------------------------------ -------------------- ------------
Directors and Officers:
Yanhua Han 14,875,000 29.75%
Yunlu Yin None --
Ziqiang Guo None --
All directors and executive officers
as a group (3 persons) 14.875,000 29.75%
Other Beneficial Owners of More than 5% of Outstanding Shares:
Zuhong Xu 4,250,000 8.50%
Giant Fortune Investment Management Limited
Shenzhen City Shennan Zhong Road,
P.O. Box 031-046, 518031, P.R. China
Feng Wang 4,250,000 8.50%
Enhanced Way Investments Limited
Shenzhen City Shennan Zhong Road,
P.O. Box 031-046, 518031, P.R. China
Meng Weng 4,250,000 8.50%
Power Step Investments Limited
Shenzhen City Longgang District
Pinghu Town Pingxing Avenue
Xinglian Industrial District, P.R. China 518111
Wenen Chen 4,250,000 8.50%
Talent Peak Limited
Hubei Province Ezhou City
Tingzu Town
Guihua Village Group Fifteen, P.R. China 436000
-------------------------
Looks like the r/m and shell guys own 34% of the company?!?
This is highway robbery.....
===========================================
Posted by: abh3vt Date: Wednesday, March 03, 2010 12:21:13 PM
In reply to: cliffvb who wrote msg# 123968 Post # of 124157
Cliff, re BFAR and the China Finance connection.....
This individual:
Zuhong Xu 4,250,000 8.50%
Giant Fortune Investment Management Limited
Shenzhen City Shennan Zhong Road,
P.O. Box 031-046, 518031, P.R. China
...is a former head of CHFI and a major shareholder in China Finance. You can scan the old filings to confirm.
Also, this shareholder of BFAR:
Feng Wang 4,250,000 8.50%
Enhanced Way Investments Limited
Shenzhen City Shennan Zhong Road,
P.O. Box 031-046, 518031, P.R. China
...may be the same Feng Wang associated with Benda Pharm, BPMA.ob which now trades at 0.03.
I'm not sure who the other entities are, but I would assume that all are "consultants" to the company's formation that got their shares for virtually no basis.
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