rbt, when I refer to margin it is the "mark-up" divided by cost. I never use it in the "contribution" sense. In the future I will reference it as mark-up and include the formula to make it easier for you to understand.
go to page 47 in 10Q. Read. There you will find sales price CNG $0.50 per cu meter, and read on you will see the cost CNG $0.28 per cu meter. The sales price is 50, divide by cost price which is 28 and you get 1.80. This means that the margin (gross) is 80% greater than the cost. etc etc. Margin has noting to do with what the cost of anything is or is not as you seem to drone on about. It is the "markup" gross if you will.
The capacity for the Black and Veetch LNG plant in Jingbian is 150 m cu meter per year. They currently operate at a level of 148m cu meter per year. Somehow some way they have a demand for the product. If you recall, the fatboy from txas, waldo mushroom, there would be nobody to sell this stuff to, eh?
you expose your lack of incite to these things each time you post. The capacity for the LNG plant is annual 150 m cu meter. They are producing at a level of 148m cu meter annually. They will expand this (at considerable construction cost) to 900m cu meter per year. When the margin for this attains 50% then the value of the company will grow commensurately. The margin for the pipeline residential is at 30% nearly twice that for LNG. The prospective value of this company is tied to LNG and this will be tied to the provincial authority in furthering the investment to date or letting it rust from the ineptness of bk liquidation. Rbt... do you even know what a margin is? I mean arithmetically? Your statements reveal a complete lack of understanding of this fundamental of retail.
remains the margin for the LNG sales. It is for last quarter only 18%...not nearly good enough. Compare this to the margin for CNG which is 81%...Now, there is a number you can get rich with. So what is the deal, they are giving away LNG and making out like bandits on CNG? Is this a PRC problem, a Shaanxi Province problem, or is rbtsherman's cousin their cost accountant? Shuwen Kang repeats that this margin will rise to 50% which is a big deal for company.
Nobody is fighting for the shareholder. Indeed, I believe that Ji and Yang separately or jointly were trying to steal the company from the U.S. shareholder(s). The hope is that current management wants out of the USA, the courts, the reporting requirements etc etc. The experience to date for them has to be a cultural Shock. So.... how do they get out (of the U.S.)? At this point it is a bk feigned or a take-out. The take-out could be in pieces, i.e. LNG, the stations, and the pipeline. It will not be through a BK liquidations sale prompted by the usurious creditor, Abax. Yang's resignation letter was a good sign. I do not think Shwen Kang likes him and that is where you and I hang our hats, the honor and goodwill of Kang.
You may be right about Ji not getting his shares stripped. However, you never know exactly what the delay and the PRC court action process will deliver. If it were simply a matter of arbitrating the note difference in accord with the loan agreement, that would have been long since passed. There is something else going on here. Sarbanes-Oxley (U.S. Law) stipulates that the CEO, Ji, this case is financially responsible for mis statement of the financial position. That law was in force when the litigated infraction took place. In CIA terminology that is a slam-dunk. Question is how to effect this.... and indeed will the current Directorate?
hope for this co. First, the board nullifies the outstanding stock of Quinan Ji (sin 3m shares). Then the two class action plaintiff sheista groups are offered the 3 m shares full settlement. Then the current management places a takeout IPO in Shenzen that provides 30 million shares offer at $10 per share. Takeout of the current shares at $8 per share and they never look back. Simple enough, eh? (It was Quinan Ji who lied personally about related transactions... it is he who has to pay, personally, for the problems that resulted)
"rbtsherman • May 30, 2013 12:35 PM Flag
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he could not raise than and probably not now It will be a national company that buys out"
There is no market for this stock. It is undervalued because no entity or fund has provisions that will allow investment in a BK Twice class-actined company. Sounds logical, eh? Accordingly there is nothing to be "earned" here, this is a speculation by you me an others that the restructure will be on the side of the shareholder. I think it will. Look at that nit-wit rbt, he predicted a national would buy out in the fall. With optimism like that you know something is up. But... do not kid yourself, from this point, it is all speculation. (You've heard of the market place.... well, it is all propaganda. It is all fixed and manipulated)
yet you rbt, believe 100% that the solution to strenuously short term of the loan was an extension or modification of maturity date. Right? Is that Don Yang figured such a moron about arithmetic that he cannot understand this? Rbt, you could have advised the boy. Maybe he did not learn arithmetic when he was in school, eh? What do you think?
100% ltv, purchase price $300K. Rbt defaults on loan and finds out that there was a provision in note that provides for the balance now to become $450K. Rbt cannot now pay. He finds an attorney who claims usury and eventually wins.
It may well be, that the warrants, cum prepayment penalty prove to be illegal in the PRC. The warrants are for upward moves in price value. Hard to imagine the warrants as a default penalty. Makes no sense from a logical standpoint and appears abusive from the standpoint of Abax and Fast-money Don Yang. (this is my guess about what the loan dispute is about)
There is one thing that is not yet entirely flushed and that is this: margin CNG 81%, margin LNG 18%. When the LNG margins make their way to 81%, forexmple, $4m net income added in the past quarter. This, to people that pay attention, makes this appear to be a greater potential. The lawsuits, I'll admit, add some complication.
You really should start thing a little more constructively.
I mean what is new about scheistas and heistas in this country.
Give me a number, what do you think the company is worth?
from report: "
Pursuant to section 1121 of the Bankruptcy Code, as a debtor-in-possession, the Company has an "exclusive period" of 120 days from the date of entry of the Order for Relief (the "exclusivity period’) within which only the Company may file a plan of reorganization or liquidation, and thereafter solicit votes for acceptance or rejection of the plan. Because the Company’s efforts to develop a plan to emerge from bankruptcy are ongoing, the Company filed a timely motion to extend its exclusivity period, which is scheduled to be heard by the Bankruptcy Court on November 13, 2013. The Company has also filed a standard motion to set a "bar date" by which all creditors must file a proof of claim against CNG or be forever barred from doing so (the "Bar Date Motion"). The Bar Date Motion is also scheduled to be heard by the Bankruptcy Court on November 13, 2013."
"Statoil is a partner in the OMV-operated Wisting Central oil discovery in the Hoop area. This represents a new oil play in the Norwegian Barents Sea.
"Statoil is very pleased with the discovery in the Wisting Central well. This is the first well drilled in the frontier Hoop area. It gives us valuable geological information and demonstrates that the Hoop area has an exciting oil potential," says Gro Haatvedt, Statoil senior vice president for exploration Norway.
Gro Haatvedt, Statoil senior vice president for exploration Norway.
Statoil plans to drill two operated wells in the same area in 2014—the Atlantis and Apollo prospects in PL615 situated approximately 50 kilometres north of PL537.
"The oil discovery in Wisting Central is encouraging for our upcoming drilling operations in the Hoop area. In the Apollo prospect we will actually target the same geological formation as in the Wisting Central well," says Haatvedt."
that court proceedings would take such a long time. I mean a prommisorry note is in black and white and attorneys are a wasteful bunch of parasites. What seems to be the problem?
"A “plenum” is a meeting of the Chinese Communist Party (CCP) leadership. This meeting, to be held in November, is the third plenary session in the five-year cycle of party leadership meetings launched at the high-profile November 2012 CCP Congress."
A big meeting for finance matters as here they will decide on foreign exchange convertabiity.
It is worth watching and reading about.