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China Advanced Construction Materials Group, Inc. Message Board

  • Based on past quarters, the latest 10Q ought to be released next week. Will be interesting to see if it is released on time, and what is said/not said about the merger...

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    • Agree that we are down to the wire. But take a look at a recent Chinese gone private company's timeline:


      GRRF Press Releases and Filings more »

      China GrenTech Announces Completion of Merger
      PR Newswire (Apr 17, 2012)
      China GrenTech Announces Shareholders' Approval of the Merger Agreement
      PR Newswire (Apr 16, 2012)
      China GrenTech Announces Receipt of Facility Agreement
      PR Newswire (Mar 26, 2012)
      China GrenTech Announces Extraordinary General Meeting of Shareholders
      PR Newswire (Mar 15, 2012)
      China GrenTech Announces Amendment to Definitive Merger Agreement For "Going Private" Transaction
      PR Newswire (Jan 20, 2012)

    • Assets increased from $133 million to $164 million year to year--but liabilities were not provided so it cannot be known whether that is an improvement.

      It appears that they will be reporting a loss per share rather than a gain as in March 2011. Total revenue was also down from a year ago in the March quarter, although it up for the nine month period in 2012.

      All in all, with no management explanation, the report tells us very little.

      • 1 Reply to scraven71
      • Well, if it is proceeding, they need to get a proxy out soon. The 6/30 drop dead date is fast approaching, and it is a minimum of 20 days from the proxy being mailed til the vote date. If you don't hear by 6/10, I'd consider it toast.

        Of course, they could always extend the drop dead date, and sometimes they due for antitrust hassles, but that is not the case here. It just seems like they are not doing anything.

        FWIW, last proxy revision dropped 11/30/2011. That's a long time.

    • It looks like whats "not said" is the winner.

      • 1 Reply to bigdemeter
      • Where is everybody?!! The 10Q, released yesterday, indicates, among other news, that net assets have doubled since last year. The merger is proceeding, with $2.65 set as share price. The deal is cloaked in legal gibberish that even I, with an English MA and some law schooling behind me, cannot decipher. Would appreciate some comment from anyone better able to translate.

 
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