In the interest of fair and balanced posting;
the agreement to sell 600K unregistered shares @5.85 sh. was reached on 9/20/12 on which the closing price of SANW at the market was 6.02. A whopping 2.84% discount to the market price!
McCormack wanted the shares and was willing to pay @ the market price just to get them!
At any rate, CY '12 in review; 1/01/12 (4.41) 12/31/12 (7.72) Up 75% CY'12!
Nice return for those long the stock and '13 will be more of the same.
It's Chinatown bashers! The land grab is motivated out of necessity to meet a growing demand, plain & simple!
Bash away if you must, but look at what your efforts have reaped so far!
Sentiment: Strong Buy
koufax. It's not hard to manipulate a thin-float stock. The current price in actuality bears little or no relation to the true worth of this stock promotion....
Isn't it interesting how many insider shares have already been "bled" into the float? Lishman and yellow jacket come to mind...
but by all means, believe in the bag! you'll be king! ho ho ho ho ho ho
sorry, it's junk
Sentiment: Strong Sell