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nameofthegame777 3 posts  |  Last Activity: Dec 17, 2014 6:39 PM Member since: Apr 13, 2011
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  • OCAT is trading on the Boerse Stuttgart stock exchange.
    (Google) Boerse Stuttgart stock exchange

    I have seen this exchange destroy many a good company stock price.

    If this is NOT something you want, and it shouldn't be something (Ocat)
    management should want either. The company needs to hire a lawyer
    and demand that OCAT be delisted immediately. It's not hard to do, but its
    does take an effort by the company to have the request and the necessary
    steps needed to be remove from the Berlin stock exchange.

    By the by, if you are unaware, its one of 3 top "naked" short exchanges.....
    along with the Berlin exchange, that you don't want to have your company
    shares listed on. Anything and everything can happen in a SMALL SPEC
    company's quiet period,

    Let's not have an auspicious new beginning to Ocata Therapeutics

    I have been involved in over 9 success public company turn arounds form the inside.

    (OCAT) is also quoted on Bloomberg as trading on the Stuttgart exchange
    T2N1 or T2N1.ag You can also

  • Reply to

    Macau

    by nameofthegame777 Dec 15, 2014 7:26 PM
    nameofthegame777 nameofthegame777 Dec 15, 2014 7:27 PM Flag

    This will eventually have an effect on American casino companies that have made more money from Macau than from Las Vegas the past few years.

    Companies such as Wynn, Las Vegas Sands, and MGM Grand have created separate subsidiaries for their Macau businesses, but they're still subject to US laws, like the Foreign Corrupt Practices Act.

    Regulators are investigating Sands over allegations of bribery in Macau, and Wynn has disclosed that it is being investigated for alleged violations of the FCPA. If found guilty, the Nevada Gaming Control Board could revoke their licenses.

    All these companies have ties to the junkets, of course. Some junkets have even brought revenue to Las Vegas.

    Cheung's Neptune is one of three Macau junkets that have been allowed to bring high rollers to Las Vegas, something Nevada regulators have been watching with mounting concern.

    Wynn and MGM both used Neptune chairman, Lin Cheuk Fung, as an agent from 2005 to 2009. That means Lin arranged for wealthy gamblers to head to MGM and Wynn casinos to play. The problem is that it's not a very transparent process, and regulators don't have a full handle on who those gamblers are.

    "We're getting to understand the junkets and how the VIP rooms operate," Nevada Gaming Control Board member A.G. Burnett told Reuters in October. "We haven't decided whether that's offensive to the way we operate."

    In Cheung's case, Nevada may be much closer to coming to a decision. One of his companies has been connected to an illegal World Cup gambling ring that was busted in Las Vegas this summer. Eight people were arrested in the sting, and based on computers and cellphones that federal agents collected from the Caesars Palace villas where they stayed, Cheung's companies were helping the alleged ring settle up with gamblers.

    What all this means is that once-thought-untouchable junket operators need to be on their guard from now on, and Macau's VIP rooms will suffer for that.

  • nameofthegame777 by nameofthegame777 Dec 15, 2014 7:26 PM Flag

    Reuters It's now undeniable that Chinese President Xi Jinping's corruption crackdown will change Macau's casino business forever.

    Cheung Chi Tai, a powerful junket operator, is being investigated for money laundering. The FBI had been monitoring him as an alleged member of the Triad, China's fearsome mafia, since 1992.

    He was once the largest shareholder of one of Macau's biggest junkets, Neptune Guangdong Group, and continues to have ties to the company.

    As the investigation proceeds, Cheung's assets have been frozen, according to The Wall Street Journal. In other words, Hong Kong regulators are very serious this time, and if someone as powerful as Cheung can go down in flames, no one in Macau's junket world is immune.

    Junkets made $30 billion for Macau last year by providing financing for casino high rollers — mostly from mainland China. That's about 70% of Macau's casino revenue, according to Reuters.

    Investors give junket operators money in exchange for guaranteed returns of about 1% to 2%. However, since this spring, when one junket operator stole $1 billion in cash from the pool, investors have wanted higher returns for perceived additional risk.

    This has already started breaking down the island's casino industry. At first, analysts were hopeful, believing that a free fall in casino revenue that started this summer would somehow find a stopping point, or that a higher volume of retail gamblers would make up for lost high rollers. But none of that has happened.

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