Below is a post by Newinv2002:
"Although this is based on the Company’s internal management accounts and reports, and has not been reviewed by an independent accounting firm, I see these numbers are hightly reliable because the company does not want to mislead investors while SEC investigation and all the lawsuits are going on. From this report:
Year ended June30 201 Sales = 134.6M .vs. 132.3M estimated
Cash in hand and at bank less bank borrowings = 55.4M
Total Asset 259.76M .vs. 222.72M on 3/31/2010.
Business operation is as usual with the total number of employees slightly increases .vs. total number from a year ago.
"This information has been provided in a good faith effort to provide investors with information regarding the Company’s status pending its ability to prepare periodic reports in compliance with SEC and NYSE regulations"
This is huge news. I added 42K yesterday because of this report. This could be an opportunity of a life time. I see it's much more risky before this report but now I believe it's worth to take a small risk given this report with a potential 300% reward here if these number are proved to be correct."
"Exit barriers for U.S.-listed Chinese stocks
Caixin OnlineStung by scandals, U.S.-listed Chinese firms struggle to privatize"
"To privatize, a company must subject its financial data, assets and transactions to microscopic reviews by private equity funds, shareholders and the SEC. Common shares must be purchased with cash, which forces many companies to ask a third party such as a bank for money.
However, Li Junheng, an analyst at the New York-based equity research firm JL Warren Capital, said many private equity funds in recent weeks have decided to take a wait-and-see attitude toward privatization projects in hopes stock prices for target companies, including Chinese concepts, will continue to fall in coming months.
Chinese companies that abandon U.S. markets may find new investors closer to home on the Shanghai, Shenzhen or Hong Kong exchanges"
"Regaining Investor Confidence for US-Listed Chinese Companies"
Duoyuan Jet 3200/ 5000 Wide-format & High-speed UV Digital Printer again was highlighted in D·PES Digital Printer and Engraver Expo held in Guangzhou from 18-21 February 2012:
Recruitment for college/university grads continues:
Mr. Guo still likes boasts Duoyuan Printing and Duoyuan Global Water are two New York Stock Exchange traded companies. Wondering what is in his head?
See puda from 0.05 low to today's 0.80 in a short peirod, and it is going much higher.
puda has accepted major flaw in practice and its share price is still going high on the backdrop of that (and it seesm more flaw acceptance is to come) because of the demand for coal being easily understandable by people and its beaten down price, dynp is next with even more potential.
Compared to related companies which list in China (number tickers), Duoyuan's market cap is just a peanut.
600860 Beiren Printing 2.5B
300195 Masterwork Machinery 3.7B
002611 Guangdong Dongfang 2.51B
6349 KOMORI CORPORATION 32.61B
I think Duoyuan should go private and list in China after SEC investigaion ends.
BTW, today's funny 200 share trade at $0.2230.