NetSol Technologies, Inc. Message Board
-
1. When was the last time anyone posted any comments about the condition of SCEI's business?
2. On the website thing, has anyone simply called Go-Daddy or whatever, and tried to make the payment, to bring SCEI's account up to date? If I were a shareholder, I would try to do this. -
Naive.
There is nothing simple about Donguan. If it is their plant it was seized, and many lawsuits and damage claims will follow. If it was not their plant, then they may be part of the bk proceedings against the paper company, and their assets could all be attached.
Cash could be all gone as a result.
Best part of all this?
As their attention has been diverted from their business by these distractions, every mom and pop slurry garage in China has been able to deliver lower cost slurry to whomever wants to buy it. Those shops can offer product at lower cost,, and can base costs on true market prices without imparting their own margins.
Scei has no way out. Legal problems. Filings are too expensive. Management costs impair earnings. No barrier to entry for competitors. Irresponsible management. Government subsidies gone. Factory seized. None of these facts are even in dispute. So, what's left?
The only thing left is for Jim Sutter et al, to find buyers for his shares by pretending that Jing's emails mean the company cn recover.
That's it. -
Turn around seems to have passed the vertex. Investment done, profit in place, big bids this week, more than 1/2 unfilled. Today some of the bidders had to come up to find shares...that's new.
All good news.
Easy to get burned on Chinese shares, but this should go to $1.20 or more if they have a decent report. -
Yep. Expect more dilution. Eventually earnings should catch up to shares. Need $1.50/share annually, and then $20 will be easy. Now, $0.80/yr means the shares are valued correctly at $10.
-
Not gonna happen. If there was anything to be gained by filing, they would file. There is no good news here--no business progress, no mergers, no repayment of pre-paid but undelivered coal, nothing. There is only proof that the company has failed to manage itself responsibly. Any effort to update filings would simply show continuing mis-management, and that would only serve to make things worse.
Clearly, Ren believes that no news is better than the bad news he would have to deliver. -
So, we are in the doldrums until some things improve. 1. No more dilution. 2. New contracts. 3. Higher service revenue.
-
Doesnt seem like enough to really inspire. They need to earn more than $0.59 in 9 months. Maybe they can get to $13-15pps, but this is not a report that moves the price to $15-20, IMO.
-
The company is dark, and there is a group here claiming to want enough shares to take it over. They are bragging about raising the price. Meanwhile, as AV pointed out, the sells are bigger than the buys. Distribution.
If you accumulate now, you are all set to be the final bag holder. See cngl message board (is that all?) -
Cool. So all they have to do is get rid of the assets by July 1, and they'll be all done with you guys. Right?
Seems right.
Also seems like some folks here are creating a new class of bag holders by offering hope in a situation which will end somewhere between "lose most" and "lose all." -
Something fishy is happening. I don't trust people who announce they are bidding the price up. Jim could have bought as much Scei yesterday as he wanted, and over the last several weeks, he could have bought under $0.20.
Why bid it up?
This, and other questions about the 13d group are raising lots of red flags.
Also, was there a threat from Sino? -
I'm interested in following the progress, but it seems like a lot of work for a high risk, low reward investment.
Possible outcomes:
Best case scenario is the 13D group gets enough shares to start a proxy action, and the board actually cares enough to let it happen, and you wind up with a couple of new board members who actuall tell you what's going on inside the company.
Then, you know what's going on, and that's it. It does not mean any good will come of this.
All of the other outcomes are much worse. For example, now that your move has been telegraphed, Ren could simply send all of the SCEI money to his vendors, etc and declare BK. Then the creditors could make a deal with Ren to bring him back under a different company name and organization.
It is possible that you'll find SCEI is already out of business, or nearly out.
It is very likely that Ren and co have absolutely no good news to report. So even when you get the reports they might serve only to jog your memory of SCEI's prior press releases...e.g, we bought a defunct coal mine. Or maybe, "We asked for our pre-paid coal money to be refunded, but it didn't happen." Or, "We tried to merge with Crown Energy, but found that Thailand wasn't a great destination, and now we are being treated for a variety of exotic disease."
It just seems like the outcomes start at not-very-good and drift from there to 'lose-every-penny'.
Out of curiosity, I'll follow, but there are too many thorns in this briar patch for me. -
When did options start trading? I seem to have misplaced my "like" button.
-
Said I sold CALI, that is a company called China Auto Logistics. Never said anything about CALLS. Was just comparing as a similar Chinese RTO.
-
I sold Cali on Friday. Avg cost around 2.80, sold it from $4.16 to $4.69. Looks like i could have held for higher based on the pre-market now. Take profits early and often. Cmfo might go to 0 for the reasons you say, and that is why it gets 3x instead if 15x.
-
I think it will be $1-1.20 before the next report. Conservative #s suggest that Cmfo can trade at 3x. Should be $1.80 by August. If they show some consistency, they could get to 5x.
The best part of trading Chinese companies is that if they have a "hit" product, then the opportunity to sell that item to 1.2 billion people is pretty awesome. Cmfo just finished paying off a big investment in infrastructure in order to give them capacity to handle seafood supply and transfer it to any demand they can find.
Snack food is huge anywhere, and if Cmfo can distribute snacks to 1.2 billion people, they can grow very quickly.
Timing-wise, the shares don't trade much, so 200k recently traded make a nice reversal candle.
I will actually be shocked if $1 doesnt come soon. Also, I would still be a buyer at $1. Will buy a little every other week til we get to $1.20 or there is news. -
With deference to Mizesaw, as he and I have a mutual friend named Ren, I think the chiscams are washing out. This seems ok for a speculation. It is the type of outfit that could be the next heat or Cali.
-
I imagine an abbreviated 10-k that simply shares the company sentiment with shareholders: "How 'bout go screw yerself."
Ren could sign on to that. -
If you like candlesticks, NTWK is fun to chart. However, the candlesticks seem to work better in 3 day increments. 3/12-3/14 is a nice reversal candle (provided we stay around $11.50).
-
Read the latest annual report. That small shops can easily produce and sell slurry cheaper than Scei is in their own sec filings.
-
Actually, the last report said that SCEI was losing market share to mom and pop slurry shops, making the stuff in garages, etc. Trend was negative.
That was a long time ago, and there has been no visibility ever since.