India facility is the prize with AMTX as India ends the diesel subsidy and EU tariffs on US, Indonesian, and Argentine biodiesel all a positive here. Capital situation is a mess but this should be working itself out in current environment. Coupled with the IP, you have a more diversified play.
PEIX is a great value here and both should be great stories in 2014 but sounds like you should do some research on the India situation.
But not even capable of a press release for a fine Q4. Golf clap for management.
Q1 is almost over & margin environment has been far better than Q4 for West Coast ethanol. Looking over 10-k, most of India production came in first half of year and at a nice margin.
India's elimination of diesel subsidy, EU anti-dumping duties imposed on biodiesel from Argentina, Indonesia, and the US leaves the India facility as the prize here.
Was doing some deeper digging into India's elimination of diesel subsidies & realized that a lot of major cities have air pollution worse than what you see all over the headlines for China. While coal is the culprit in China, dirty diesel is the cause in India.
Search on "India's Diesel Cars are Proving Lethal" for an eye opener.
Key read from the 10-k is "Management's Plan" on the second to last page.
During the months of December 2013, January 2014 and February 2014, we used cash flows from operations to fund our operations and made principal payments of $7,500,000 against the Revolving Credit Facility with our senior lender.
While Seeking Alpha "Ethanol Economics are High Octane and Firing On All Cylinders" by the Bumpasaurus Rex predicts .65 profit per gallon these days.
"I don't think recall seeing anyone who posted on this message board on Friday mention PP and its "research". If YONG had dropped $2 instead of 0.31, most longs would have been clueless as to why and very frustrated.."
Time to rely on a bit more than YMB as your news source.
Set up some RSS feeds, open a twitter account (even if you don't care to tweet), get your tweetdeck, and create a column for $YONG if this is a large position for you.
I'm pretty sure it was baccarat in Macau (Wink wink). Impressive that you also saw him in the VIP room. Same junket? SPAC?
With no take private legal advisors keeping him quiet, Wu may be a bit more inclined to counter this time around with a couple PR's of his own. After all, US listed Chinese microcaps are exploding several at a time simply from tweets & mentions in trading rooms. US IPO's by Chinese companies are again on fire. Sad that the "numbers" mean nothing with sentiment & tweets (from the superpumpers) as a steamroller (Wink wink). Charts really don't even matter as momentum rules. In this environment, take your reservations towards prior accused scams and throw them out the window. I suppose the short thesis must really be expecting a halt/delisting scenarios.
This upcoming piece better be more than just a rehash or it could be a wild one for both longs & shorts alike. Put action shows it was obviously released to subscribers Friday with some hints on Thursday. I'm planning to subscribe in the future for the sake of being better informed but am down slightly due to sub par knife catching skills. Well played Prescient:)
I appreciate Roe's DD but am up in the air with the outcome here. A withdrawn offer is one thing, minority shareholders rejecting the offer is another. I repeat, utter stupidity to vote no "based on the fundamentals". Come on people, this is the world of Chinese micro caps...numbers mean nothing.
It all comes back to management intent (& often mgmt connections). Wu just might have enough incentive to save face and make this interesting if he's willing to fight. Would love to see him step up and provide some nice drama, ala FSIN & HRBN.
Can hardly wait for Monday's fireworks. You're my boy Wu!
Roe has done some fine dilly on YONG and is fully aware of the opportunity to amplify some merg/arb disappointment selling. Frankly, I don't really see anything new other than the "farmer get rich husbandry venture" that has been in Chinese media for over six months.
Wu is connected and has his side businesses. All these Chinese entrepreneurs do. For all we know, MSPEA invested knowing of the future ventures.
I never trust the US listed China man CEO but I don''t believe the claimed business needs to be 100% legit for the deal to eventually go through. FSIN & HRBN come to mind.
Bought a few for a bounce & no need for everyone's panties to be in a wad. Pretty stupid move to object to the offer in the first place based on "the numbers". Intentions far more important than fundamentals here.
Chinese microcaps are exploding these days...Wu just needs to join the pumping parade.
Thanks for that invaluable due diligence you spamming POS. Are you trying to kill this stock PennyStocksWeekly? It's far past time for yahoo to clean up this cesspool.
Feel free to provide some substance in your response.
Cabbeen, VanCamel AG, and now Fujian Nuoqi Co, Ltd within 10 days.
Cabbeen & VanCamel both listed Zuoan as a competitor when going public. In their prospectus, Fujian Nuoqi lists ZA as number two in this space with 3.3% market share compared to their 1.1%.
Estimated post IPO market cap between 1,218-1,728 HKD for Fujian Nuoqi.
20% dividend payout ratio.
There are more eyes coming to this space & ZA will be perceived in a different light as a dividend paying company come April. Market will begin pricing it in at some point but sub $50m market cap for now.
My understanding is NOL value may be diminished but can be preserved somewhat with acquirer coming from same industry. Deal structure (i.e. cash, equity) plays a role too as does market value at time of acquisition if I'm not mistaken. I'm not a lawyer and don't care to drill any deeper- the deal is done and NOL's are a nice benefit for REGI, even if diminished.
REGI management is bright & likely structured for their benefit. SYNM management complicit- why go to all the efforts to preserve the NOL's? They always had the NOL's as a wildcard.
Good outcome all around unless you're bagholding from way back. It has been clear from management actions that their interests are not aligned with the common shareholder. This, despite there being tremendous potential if they ever restarted, should lead one to question why. If there are real assets, it seems to come back to the exit strategy.
Again, when management intentions are not aligned with shareholder intentions (even if they hold a few), it often comes back to takeover. This one really reminded me of EDGR; however, Gary Roth is far more pathetic than Bain Capital.