They are buying shares for a dime to take the company private going forward.
Interesting, especially the fact that some institutions have been making offers to buy a stake. Fortunately, the company rejected these, because of the low stock price at the moment.
Shelf registration is a process which makes it easier for United States-based companies to quickly issue and sell new stock. The system involves filing a single document which then allows stock to be issued at any time in the next two years. There are strict rules which a company must meet to qualify for the system. The system can't be used by companies which haven't yet issued stock or other securities.
A company would most commonly use shelf registration in situations when it expects to issue stock on multiple occasions. Normally, each issue would need to go through a full and lengthy legal process. This can be a particular burden if a company needs to raise money by issuing new stock as it would normally face delays before it was allowed to do so. With a shelf registration, the legal process is completed in advance and the same filing document can be reused whenever needed during the two-year period.
Another advantage of a shelf registration is that it allows the company more flexibility about the timing of a stock issue. This could allow it to take advantage of changes in attitudes among potential investors.
The Securities and Exchange Commission (SEC) introduced shelf registration in 2005. The name is based on the idea that the filing documents wait "on the shelf" until the company decides to issue the stock. This shouldn't be confused with an "off the shelf" company, which is created and put through the legal registration process but doesn't have any real-world activity. Instead this type of company is later sold to people who want a hassle-free way of turning their existing business into a company.
Because that Mei County National Kiwi Fruit Wholesale Trading Center has a CAPEX of approximately $71.9 million in buildings and equipment.
And the other project with the Yidu Municipal Government (Hubei Province) for the construction and establishment of a zone for the manufacturing and comprehensive deep processing of concentrated orange juice, orange juice drinks and other orange-related products has a CapEx of approximately $60.8 million.
So that is already more than $130 million.
This company is the real deal otherwise Morgan Stanley had already a long time ago abandoned their position if they thought it was a fraud. Investors are not patient enough, this company and its stock price takes years to come to fruition. Only the patiently and the clever guys will make money in the end.
Q3 and Q4 are always the most important quarters for SPU, because of the harvest seasons. Q2 2015 is excellent and if they are going to push their beverage products to TIER 1 cities ...MONEY IS COMING YOUR WAY!
So many companies have S3 filings in place, it doesn't say anything. It is just a way to avoid paperwork if you really need the money. So keep COOL!
Mixed bag...............mmm not at all much better than the past second quarters in 2013 and 2014. The company has everything under control, so don't freak out!.
They are not raising anything, they have the legal forms in place if in the future they want to do an acquisition or something else that would cost mucho dinero. So don't worry!!!
If investors think it is a done deal, there would't be such a discount. Investors don't believe the offer and are afraid it's withdrawn