Will open over $2 on Monday when all reports are brought up to date, and the company shows a huge, previously unknown profit.
Money from pre-paid coal will have been returned. Dongguan will be open and operating. Buyout of Crown Energy will be complete. Acquired coal mine will be profitable. Joint venture in Thailand will be throwing off cash.
Run it up to any value today, as Monday will be too late.
Oh, and if that doesn't happen, the activists here plan to file a lawsuit to replace the one that just ended. This will be to force the company to do some stuff. The stuff won't have anything to do with the slurry business. But some stuff matters...
=Will open over $2 on Monday when all reports are brought up to date, and the company shows a huge, previously unknown profit.
LMFAO! It is absolutely incredulous how the delusional keep pumping this.
I said it a hundred times on these boards and I will say it again... known news does not make for sustainable gains. The ABAT fools bid it from the .low .20s to the .30s when their worthless "internal audit" came out and I shorted them. It went right back down to the teens.
It will be hilarious to watch you bid this to the .40s when the known news is confirmed. The smart money will quickly have this down to the .20s again after this.
Rumor has it that Carnes and his Chinese investigators at IRFA have done through research recently that confirm robust business at both of Sino's plants and that the Dongguan plant will be back up and running by August. and that he has established a sizable position in SCEI and will come out with a strong buy in the near future, just like he has with ADY and CLNT. Buy the rumor....
Chinese stocks are back in focus.
That must be why alsense and chickenhatsdotcom are back to hyping Chinese stocks ;))
asianbugged--are your really serious about your comments above re: Carnes, IFRA et al now having new "research" and surveillance videos suggesting SCEI's operations are legit?
Sentiment: Strong Buy
Well, I don't see how anyone could have established a sizable position in SCEI... there has been no volume. (Thought if you're willing to pay 30-cents, you can always by RD's shares today.)
But weren't you telling me to by CLNT yesterday? I wish I had!
I wonder which will come first -- an SEC filing by SCEI; a 13D/G filing by anyone; or revoking of the in-default Nevada corporate charter on 1/1/14?
It seems logical that short-sellers of 2011-2012 in Chinese RTOs should move over to the long side here in 2013 given large number of recent going private deals and recent positive regulatory developments for U.S. investors coupled with a sector that trades at a valuation which assumes that virtually every Chinese RTO is a fraud when only a handful are proven frauds at this point after huge amounts of examination.
Sentiment: Strong Buy