I apologize if any one got offended from my remarks.
Are you also cheng_ho or are you working with cheng-_ho? It appears like that.....same tone and always feeling positive about this stock like an insider no matter how bad the management behaves.
What is your dollar cost average? Did you buy recently or you bought at IPO price? You seem to be more positive about this company than others on this board. Long term this company may have future but lack of transparency is a major drag that must be overcome first.
Agree. But they could be much worse based on how management apparently feels and how stock has been behaving lately. Litigation costs may hurt too.
Why there is no reason provided for reporting combining results of quarters 1 and 2? Was quarter 2 better or worse than quarter 2? Separate results for each quarter (as they provided in earlier years like other firms) would reveal any trends that may be useful to some investors in making their decisions. It is quite possible that quarter 2 was worse than quarter 2, and quarter 3 (yet to be reported later) may be even worse if any trend (if it was there) continued. Makes me wonder if bad news is not yet over.
Why has management not stated reasons for the extraordinary delay for furnishing financial information to shareholders. Selling rice is okay but not willing to tell quantity, costs, selling price etc. periodically and within prescribed time is hurting the stock
So, there could be some bad stuff that is causing this extended delay. The news of quarterly reports I(any second now could be GOOD, BAD or UGLY, no body knows except management. So there is uncertainty that is causing some prospective investors to wait.
I agree. Unexplained long delays in financial reporting is harmful to confidence of prospective shareholders. Delayed reports generally indicates potential bad news. Good news gets reported as soon as it is available just like new contracts with Costco and others. Lack of transparency continues to hurt this company but management does not seem to care.
Audited catch-up statements..
Quarterly statements are not audited unless there are some discrepancies. Why can't management report reports for quarters ending June 30, 2015, Sep. 30, 2015, and Dec. 31, 2015? If there are no serious problems, why is management delaying. If auditors are involved with quarterly statements, then one may suspect potential bad news. May be I am being too cautious! How do others feel?
1. A mere short squeeze on a hollow news from management
2. Firm apparently is changing interim reporting from quarterly to every six months...But why? No reason provided. A longer reporting gap means more uncertainty.
3. First six monthly results to be reported in April. When in April, they are not sure.
4. Dollar is stronger and Rupee is weaker now, majority of Basmati rice sales are outside U.S.How badly will it affect results to be reported in April and July? Anybody's guess. Not a word from management, why?
The recent news that results are expected to be reported in April and July did not help reduce uncertainty that is hurting this stock. Will this recent spurt in stock price sustainable? May be and may be not. I will watch from sidelines and wait to see what ANFI reports in April.
Thanks, johnsonbartz. I see it now. I admit my lapse about 3 annual reports but I am still worried about significant delay in on last three quaterly reports that are now long overdue. I am not short but I do not take any position (probably long) until I get these financials. Thanks again to you and others.
Quite possible, if they do not furnish last three years audited financial reports along with last three quarterly reports soon. I can't understand why CFO and new auditors are taking so much time. Do we expect serious restatements? I hope not, but the consistent price decline and no words from management to comfort shareholders is getting scarier. I wish some good news comes out soon.
So you now think this stock could go down to $7.75 if audited 20-F's for last 3 years along with past three quarterly reports are not filed soon. I think you may be right
Did you get any reply when you called last time. If yes then what was the reply. If no the why you have been so positive about this company as it appears from your posted messages? May be Mr Cheng you know something that others don't. Please advise us. Thanks.