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Tibet Pharmaceuticals, Inc. Message Board

  • unclefulbert unclefulbert Apr 6, 2012 9:25 PM Flag

    let's listen to the one who told us :NTN 10K Filed

    Dear everybody... 4-Apr-12 04:13 pm ...let's stop with the conjecture.

    Here's what we know.

    The most recently filed document was TBET's 3/1 8K (Source: Edgar)

    The trading halt was not the result of an SEC suspension (Source: http://www.sec.gov/litigation/suspension... and http://www.sec.gov/news/digest/2012/dig0...

    The trading halt was a T12 initiated by NASDAQ (Source: http://www.nasdaqtrader.com/Trader.aspx?...

    Now, the SEC can suspend trading for violating its rules. Alternately, NASDAQ can halt trading for violations of its own exchange rules or SEC regulations. Because TBET does not appear on the SEC suspension list, it is logical to conclude that this halt is purely NASDAQ-based (albeit possible for failing to meet SEC regulations). Just note, however, that T12 does not mean that either the exchange or the SEC are in possession of some recent filing and are seeking "additional" information. It just means that they are seeking information "in addition" to the information already available in the public domain. Ergo, if you're hoping that T12 provides some hidden-meaning regarding a yet-unreleased 10K or going-private filings, you are likely mistaken.

    For the record, I have serious doubts about people claiming to have been in touch (whether recently or weeks ago) with Fiona. I also have doubts about the legitimacy of the auction, but I have no evidence one way or another. I will, however, caution all of those that are saying that TBET's operation is either "too complex" or "too simple" to be a scam. Jordanian King Emails remind us that no scam is too simple, and Madoff reminds us that no scam is too complex.

    So, let's all make a deal. Since we can't trade anyway, let's just dig in and attempt some due diligence. If you find something (1) material and (2) verifiable, post it. If not, stop with the conjecture. Rating :
    (2 Ratings)You have rated zaahc78


    --------------------------------------------------------------------------------

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    • repost, the best post on this board and anywhere.

      Dear everybody... 4-Apr-12 04:13 pm ...let's stop with the conjecture.

      Here's what we know.

      The most recently filed document was TBET's 3/1 8K (Source: Edgar)

      The trading halt was not the result of an SEC suspension (Source: http://www.sec.gov/litigation/suspension... and http://www.sec.gov/news/digest/2012/dig0...

      The trading halt was a T12 initiated by NASDAQ (Source: http://www.nasdaqtrader.com/Trader.aspx?...

      Now, the SEC can suspend trading for violating its rules. Alternately, NASDAQ can halt trading for violations of its own exchange rules or SEC regulations. Because TBET does not appear on the SEC suspension list, it is logical to conclude that this halt is purely NASDAQ-based (albeit possible for failing to meet SEC regulations). Just note, however, that T12 does not mean that either the exchange or the SEC are in possession of some recent filing and are seeking "additional" information. It just means that they are seeking information "in addition" to the information already available in the public domain. Ergo, if you're hoping that T12 provides some hidden-meaning regarding a yet-unreleased 10K or going-private filings, you are likely mistaken.

      For the record, I have serious doubts about people claiming to have been in touch (whether recently or weeks ago) with Fiona. I also have doubts about the legitimacy of the auction, but I have no evidence one way or another. I will, however, caution all of those that are saying that TBET's operation is either "too complex" or "too simple" to be a scam. Jordanian King Emails remind us that no scam is too simple, and Madoff reminds us that no scam is too complex.

      So, let's all make a deal. Since we can't trade anyway, let's just dig in and attempt some due diligence. If you find something (1) material and (2) verifiable, post it. If not, stop with the conjecture. Rating :
      (2 Ratings)You have rated zaahc78


      ----------------------------------------------------- ---------------------------

    • This good fellow only posted twice on this board. Both are excellent advice. Won't hurt to read it again.

    • http://www.investopedia.com/terms/s/schedule13G.asp#axzz1rWvBFDJS

      Investopedia explains 'Schedule 13G'
      To be able to file a 13G instead of a 13D, the party must own between 5% and 20% in the company. It must also be clearly understood that the party acquiring the stake in the company is only a passive investor, and does not intend to exert control. If these criteria are not met, and if the size in the stake exceeds 20%, a 13D must be filed.

      Yu did it all wrong. :_D He has 22% of shares and wants to exert control!

      BTW how much more is in insiders' possesion?

    • well said.
      let this thing play out.
      YU didn't get any options or excess pay.
      didn't make huge land deals, or complex acquisitions.
      the only place fraud might occur IMHO:
      self-dealing with his distribution business,
      Kunming Shangri-La Medicine Co., Ltd is a related party of the Company by virtue of the ownership of 31% of such company by the Chairman of the Company, Mr. Hong Yu.

    • wizardofwheeler@rocketmail.com wizardofwheeler Apr 7, 2012 9:59 AM Flag
 
TBET
0.00020.0000(0.00%)Jul 30 10:57 AMEDT

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