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treit2002

04/02/11 1:04 PM

#5321 RE: mauiguy2 #5320



The listing is more important than the reverse split, if needed, imo. Of course, not needing one is preferable.

A dual listing is even more helpful.

I think a share price of 10 in 2 years is a reasonable goal, based on earning $.60 in 2011, $1.00 - $1.20 in 2012, and 2013 guidance of $1.80. Number one catalyst to these earnings is signing fish farm contracts.

In two years there may still be a 20% discount to normal value metrics because of the Chinese microcap association, but nothing like now. I expect the RMB will appreciate 10% vs. the dollar by then, to offset.

A dual listing alone would double the current p/e, imo.

I'd love some really big news on April 15th, but I think something really new and material would have been announced separately. Nonetheless, advanced progress for existing businesses would qualify as exciting. I expect that what was meant was a lot of progress in all business fronts; for example:

New government grants,
Enhanced yields and increased planted acreage in the flower business, post rains,
Promising on-going negotiations with regional governments to partner on multiple fish farms,
Dramatic increase in number of milking cows, and in sales of retail dairy products,
Preliminary set up for distribution and marketing branch complete,
Plans to add more products to retail brand,
Etc.