Your optimism is commendable. I just wish we could find a few million more people to think like you. Even Mr. Browne seems to have left us.
Look at the massive revenues. Yes there is a ton of debt but it is serviceable. They are supposed to earn 12 cents a share moving forward... I mean the market cap is 60 million and the revs are in the BILLIONS. They have merged joint ventures and should see economies of scale.... this stock was 13 dollars 5 years ago with a fraction of the revs.
How will GSI ever hit 3 dollars when it spends most days going down? How does it manage to go down on days like today when any decent stock is up? Staying above 1 dollar is a major accomplishment for GSI, 3 dollars has about the same odds as winning the Powerball.
I will ask the question again to you, Mr. Browne and anyone that can answer it.
What has Asia Bridge done to help market this company to major investors or anybody else? Why did GSI terminate the Piacente Group when they were promoting the company to several institutional investors but were unable to make any commitments because Price Waterhouse was unable to complete the filings? The Piacente Group was terminated prior to the filings being completed and they were replaced with Asia Bridge who in my opinion are nothing but a group of arrogant do nothings who have done their best to qualify my opinion.
Evidently Asia Bridge is a member of this board. No one else could be stupid enough to give me a thumbs down except them rather than answering a legitmate question about their incompetency or doing the job that they are paid for.
Why isn't Asia Bridge capable of convincing Vanguard to invest in GSI? For instance Vanguard holds over 13 million shares of FCEL in various mutual funds which sells for $2.55 a share and doesn't make a penny. This is just one example of a low priced stock that doesn't make money now that they are willing to take a chance on. Blackrock, Morgan Stanely and a host of others do the same thing. I know that you like John Chen, so I wish you would e-mail investor relations and ask them why Asia Bridge has been such a failure. I did several weeks ago and never received a response.
Asia Bridge seems more worthless than the US Congress. Can anyone point to one positive thing that they have done for GSI?
I received my SEC Schedule 14c today in the mail confirming Yu's 5,000,000 share purchase which greatly raises my level of confidence but I sure wish Asia Bridge would show us some sort of positive action. American Tower would have been good but I really wish I would have bought 85,000 shares of Tesla several years ago. Akio Toyoda invested $50,000,000 in Tesla that is now worth over 750,000,000. With that kind of return Akio probably doesn't spend much time on the Yahoo Message Boards.
copper, mr. Yu knows what he is doing I do not put out press.. listen to CC again no insiders are selling Asia Bridge has to do its job first which is to help large buyers get interested in buying GSI stock and holding it . The best way to reduce debt is by selling non core assets or sell stock at a discount to market value to have buyers feel good about holding for the longer term. When you did your research you were right it is just taking longer
and this happens with a lot of companies. Remember AMT (American tower) a few years ago it traded at .70 cents a share, people sold because of its high debt, but still growing, now it is $90 a share, bet you like to have had 80,000 shares of that one and hold it to where it is now! GSI may not get that high but it is worth more then it is now..
You should replace Yu as CEO. You speak English and you put out more positive press than GSI and Asia Bridge combined.
I think sooner then March--- this month Yu should be finished with his plan purchase of shares at $1.50 a share which increase the company cash position they may also surprise by selling no core assets ti raise more cash, then some good press about its clean production of steel. they need to get the price over $3 so they can sell shares to pay down some debt. GSI also does business on Alibaba'a web site this may or may not, have an effect ,, after Alibaba IPO, which could be this month, it may bring attention to other Chinese stocks. GSI may do better than .12 cents EPS It might be wise to buy under $1.50 and after sowing a clear up trend then buy under $3.00 then hold for long term gain or sell into rising stock price.
Not short covering- there is essentially no short position in this stock, and hasn't been for a very long time. As of 8-15 short position was only 30K shares.
I have heard John Chen on every conference call. I was just being sarcastic. I have contacted investor relations many times in the last three years and have been frustrated between what I was told and what has transpired. Yu recently said he was buying 5,000,000. shares at $1.50. Then why doesn't he do what he says? If this company is ever going to get out of the mud it has to show the investment community that it has credibility, not never ending promises that takes forever to fulfill. I didn't buy 85,000 shares because I like to brag about big numbers but because I was hoping to make a reasonable return based on the research I did several years ago.