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Yongye International, Inc. Message Board

mekong22 55 posts  |  Last Activity: 19 hours ago Member since: Nov 10, 2010
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  • Reply to

    doneatforty

    by ringwise50 Jul 29, 2014 10:59 PM
    mekong22 mekong22 19 hours ago Flag

    It is so amusing that these shorts/arbs feel so burned that they didn't get what they hoped for in the YONG deal that they are still spending their time on a board for a stock that doesn't exist anymore to try to rip someone that made a nice profit on that stock.

    jealous much ringwise?

  • Reply to

    Office Pool

    by aaatrophymart Jul 11, 2014 10:50 AM
    mekong22 mekong22 Jul 17, 2014 8:49 AM Flag

    there's absolutely no way it IPO's in Hong Kong for as little as $20. Minimum $40 per share

  • Reply to

    Merger Effective Today

    by doneatforty Jul 8, 2014 10:09 AM
    mekong22 mekong22 Jul 8, 2014 11:24 AM Flag

    I see that my YONG shares are now removed from my eTrade account online, so hopefully the cash will be deposited shortly.

    jlp - I'm not really looking at anything like YONG at the moment and probably won't again anytime soon. I'm mainly looking at companies that are dominating their market, have a good moat, and are in an industry that's likely to grow a lot over the next 10-20 years. AMZN and LNKD are two in particular that I'm happy to see are down a bit today.

  • Reply to

    Merger Effective Today

    by doneatforty Jul 8, 2014 10:09 AM
    mekong22 mekong22 Jul 8, 2014 10:59 AM Flag

    I certainly don't mind seeing the markets down today right before I get a whole bunch of capital to redeploy. Hopefully we'll have a couple days like this before I'm fully invested again

  • Reply to

    It has been fun - and profitable.

    by doneatforty Jul 3, 2014 3:01 PM
    mekong22 mekong22 Jul 5, 2014 9:35 PM Flag

    The same to you! Best of luck in the future and enjoy the rest of the holiday weekend

  • Reply to

    Still no voting numbers announced

    by mekong22 Jul 1, 2014 9:37 AM
    mekong22 mekong22 Jul 1, 2014 1:28 PM Flag

    done, I think you're misreading it.

    The first line (with the 39m) is all common and preferred shares combined including the votes from the buyout group's shares

    The second line starting with the $6.5m is just the preferred stockholders votes

    The bottom line starting with the $20.8m is the vote that mattered to us, this is the votes from non-buyout group shareholders.

  • Reply to

    Still no voting numbers announced

    by mekong22 Jul 1, 2014 9:37 AM
    mekong22 mekong22 Jul 1, 2014 11:36 AM Flag

    done - thanks for that. I somehow missed it as I assumed the original 8K was just the press release and that they would show the votes in a separate filing a few days later like last time. The interesting thing here is that actually had enough votes in favor of the deal that it would have passed even if they didn't change the voting rules, so even if all of the non-votes counted as votes against, they still would have approved it. There were also many fewer votes against the deal (likely because they didn't actually sent out new proxy's informing shareholders that there was a vote, which still seems illegal somehow).

  • When they had the first vote for the $6.70 buyout, it was announced on March 5th that the vote was not approved and then seven day later on March 12th, they issued an 8-K showing the details of the voting numbers.

    This $7.10 vote was announced on June 6th that it was approved, but now it has been 25 days, nearly a month and still no voting tally announced yet.

    This is the thing that has me wondering if there is something more going on preventing YONG from closing the buyout. They certainly would have had all of their ducks in a row ready to close the transaction as soon as they had the meeting and announced that the vote approved the deal. They had two years to do so and I know of other companies that have been taken private this way where the stock stopped trading within a day or two of approval.

    Therefore, I wonder if there is something more going on that's throwing a wrench into their plans.

    Maybe I'm just the eternal optimist, but I would be pretty shocked if the company wasn't prepared to close this transaction immediately if there wasn't some external force providing a hurdle preventing them from doing do.

  • mekong22 mekong22 Jun 26, 2014 10:19 AM Flag

    Same here, nothing would make us longs happier than to see the buyout fail and a $5 price

  • Reply to

    Put Volume

    by jeremygrey40 Jun 13, 2014 2:35 PM
    mekong22 mekong22 Jun 25, 2014 9:06 AM Flag

    a halt would serve the arbs right for their role is forcing the true owners of this company to have to sell their shares. well worth it, and the longer it lasts, the better the chance that the buyout falls apart. All the more reason to hang on to your shares

  • Reply to

    Vote

    by scott_wood35 Jun 23, 2014 7:26 PM
    mekong22 mekong22 Jun 24, 2014 8:55 AM Flag

    That's interesting. I've been following so close that I didn't even realize that I never got any notice about the second offer in the mail or via email. No new proxy was sent to me at all as far as I can tell. Probably worth sending another note to SEC enforcement. There has to be some rule against not notifying shareholders of a buyout vote.

  • Reply to

    Put Volume

    by jeremygrey40 Jun 13, 2014 2:35 PM
    mekong22 mekong22 Jun 24, 2014 8:52 AM Flag

    Although I'm sure you're making this up, I'm not sure why any longs would think that is a bad thing. Either we gets taken out at 7.10 and we are in the same place we are now, or somehow the buyout fails and we get to keep our shares. Either situation, a hit piece and temporary drop in stock price isn't a bad thing.

  • Reply to

    What if...

    by aaatrophymart Jun 20, 2014 10:07 AM
    mekong22 mekong22 Jun 20, 2014 10:58 AM Flag

    It would be more like they would just wait for us to buy. If the price drops in the open market in the near term. I know I would be buying more if the price dropped much.

  • Reply to

    frauds do never get privatised

    by umbisam Jun 17, 2014 11:37 AM
    mekong22 mekong22 Jun 17, 2014 11:55 AM Flag

    the longs on this board certainly hope this company never gets privatized. We'd all be buying aggressively if this deal somehow fell through

  • Reply to

    Our money

    by flashlete Jun 17, 2014 10:24 AM
    mekong22 mekong22 Jun 17, 2014 11:10 AM Flag

    No doubt the company wants this to close as soon as possible, so they're certainly not trying to delay paying the minority shareholders out. In my mind, the longer it takes, the more likely that miniscule chance that we get to keep our shares.

  • Reply to

    Options

    by mekong22 Jun 5, 2014 2:45 PM
    mekong22 mekong22 Jun 16, 2014 10:53 AM Flag

    and Voila! These options could easily be traded at 15c on Friday or today, for a gain of 50% in a week. The only "money-losing advice" on this thread, it appears, came from one fretful member who warned others to stay away.

  • Reply to

    Whiner Acknowledgment

    by leesmith418 Jun 12, 2014 1:51 PM
    mekong22 mekong22 Jun 12, 2014 3:51 PM Flag

    to be honest, part of me is gonna miss the amusing posts by kids like leesmith if YONG gets delisted.

  • Reply to

    Options

    by mekong22 Jun 5, 2014 2:45 PM
    mekong22 mekong22 Jun 8, 2014 12:07 PM Flag

    I'm not sure why would anyone, like fretful, would even consider trading them when you'll get the 10c back in a few days? I guess somebody's just being irrational (you could sell your house for half of what it's worth too, but nobody would ever do that).

    Just like I said in my initial email, you're risking the cost of the commissions (depending what broker and how many you buy it could be a little over 10-15%), for a chance to make 500% overnight. I'll take that bet any day, and yes, it is a bet and not an investment, but you already understood that, didn't you, or did you? ;)

    My purchase of these 12 of these options contracts last week will cost me a cool nineteen dollars, but I would have made at least $600 if the deal was rejected. I'll take that wager any day, especially since I'm already up more than a year's salary on my YONG long shares and options.

    Sounds like with your risk appetite, you might want to stick to bonds.

  • Reply to

    Options

    by mekong22 Jun 5, 2014 2:45 PM
    mekong22 mekong22 Jun 6, 2014 9:52 AM Flag

    done - thanks to you as well for your contributions to this board, along with all the other folks who know who they are. I'm probably not going to dip my toes too deeply into another China stock again right now. YONG has been a pretty interesting experience, and a profitable one at that, but it just required a lot of work to follow given the lack of coverage and I'm probably going to avoid that for the time being.

    There's not a lot of stocks that are screaming at me at the moment, although I will say that I hope LNKD gets knocked down a few bucks before my YONG shares get paid out. I'm already an owner, but they have a pretty dominant position and are likely to have a growing global customer base for years to come. The valuation looks high on the surface, but, to me, they is a good buy it and forget about it for 5 years type of stock.

  • Reply to

    Deal approved by shareholders

    by chicaarnau Jun 6, 2014 6:57 AM
    mekong22 mekong22 Jun 6, 2014 9:28 AM Flag

    Yup, it's a sad Friday for sure. Not surprising, but disappointing for sure.

YONG
7.050.00(0.00%)Jul 3 1:00 PMEDT

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