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China Armco Metals, Inc. Common Message Board

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  • mawsii1 mawsii1 Jul 3, 2010 10:26 AM Flag

    CEO Exercised 400,000 @$5 New filing

    Good to see indeed! He must be very liquid to buy at 5 when he can buy at 3.00 At least he's putting his money into the company vs into his own account. I hope he starts understanding that we need to spend a few bucks on a new investor relations co, CDII is being paid 80,000 shares this year. First qr take down was 20K, average take 5.00 = 100,000. They probably will hold until we move above that level again. But the minimum to them for their services will be 400,000. Our chairman must know, we can hire a must more reputable IR/PR firm for that in New York where it matters...And have stock support due to client support in the investment community. This is just so affordable and instead of losing 40 million in market cap, we'll bring in the next tranche of 10 million at 7.50 per share for already issued warrants in 4 months.. this was already baked in for the funds that paid 6.50 per share. But allowing this stock to be cut in half, do you think they'll buy in with CDII and Rodman now?? Unless of course the stock triples from here and it's a no brainer...This stock can do this, but we need proper support and business data...on a timely basis...I ask again to Richard and Gary at China Direct...what's the status of the new scrap yard. How much has been shipped to date. What's the average price per metric ton for the HMS 1 & 2 we are producing, what's 2nd qr and 3 rd qr estimated revenue, where's sales info on the commodity business that is half of this yrs forecast?? Nothing has been put out since Dec 2nd!! Ridiculous, have we done nothing in this vital part of the business...This is simply the role of Investor relations companies..putting out information for the shareholders and's called stock support...Do you think money managers in New York call Deerfield Florida for advice?? It's not Boca I can tell you that...Lets see something vs the vacuum of silence that has destroyed our value.

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    • Absolutely. They need a better IR and a better auditor. ASAP

      Their current auditor is a 2-3 man company in New Jersey (that was marked up by PCAOB recently with several deficiencies) handling the books of a NASDAQ company with potential annual revenues of hundreds of millions of USD? That's ridiculous.


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