Qihoo 360 Technology Co. Ltd. Message Board

ozzie232 15 posts  |  Last Activity: Jun 23, 2016 10:17 AM Member since: May 29, 2012
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  • The Accreditor for "for profit" schools is in danger of losing its' authority causing students to lose access to Federal aid to pay tuition. This could have serious implications for not only American Public Education (APEI) but also many others in this category.

  • ozzie232 by ozzie232 Jun 16, 2016 9:19 AM Flag

    Shiji's filing with the SEC when they took their large position in eFuture in late November, indicates they did so as an "Investment". Then they used this position to elect individuals to eFuture's BOD and assure shareholders they were going to increase shareholder value while working closely with Shiji to take advantage of synergies between the two companies. Now it is clear this was never their intention and they were less than truthful with the SEC and shareholders. How you can say hold on and profit when it looks like this is a done deal is very optimistic. The "Special Committee" that was quickly formed after the lowball offer indicates this was all planned for months. Don't look for Adam Yan or Beofang to hold out for a much higher price because they will be rewarded in other ways for agreeing to sell at the offer price. I question the legality of all of this maneuvering between the two Companies and the Committe should be aware the SEC is being notified.

  • Reply to

    CSRC won`t stop this because

    by walkagain Jun 15, 2016 8:25 AM
    ozzie232 ozzie232 Jun 15, 2016 2:03 PM Flag

    Shiji's filing with the SEC when they took their large position in eFuture in late November, indicates they did so as an "Investment". Then they used this position to elect individuals to eFuture's BOD and assure shareholders they were going to increase shareholder value while working closely with Shiji to take advantage of synergies between the two companies. Now it is clear this was never their intention and they were less than truthful with the SEC and shareholders. How you can say hold on and profit when it looks like this is a done deal is very optimistic. The "Special Committee" that was quickly formed after the lowball offer indicates this was all planned for months. Don't look for Adam Yan or Beofang to hold out for a much higher price because they will be rewarded in other ways for agreeing to sell at the offer price. I question the legality of all of this maneuvering between the two Companies and the Committe should be aware the SEC is being notified.

  • ozzie232 ozzie232 Jun 14, 2016 12:12 PM Flag

    The take down in price (by Shiji imo) is to motivate those holding the remaining shares to accept this joke of an offer. Adam Yan and Beofang are still holding 40% (according to a recent post by walkagain) and are the only thing standing between this remaining a separate company and being sold to Shiji. Could there be another bid at a much higher price in the near future? If you want to see other companies with similar price action after an offer to go private look at JA Solar. Price to take private was $9.62, currently trading at $6.80. Oh and there was a "Special Comittee" formed to review that offer almost 1 year ago and they are still reviewing with no decison made.

  • ozzie232 ozzie232 Jun 14, 2016 8:50 AM Flag

    What is happening is sad. The price is being controlled and we can take a good guess that it is Shiji doing the controlling. Taking the position they did, telling shareholders at the time it was all about working closely with eFuture to make it an even better company and increase value for eFuture shareholders with the election of King and other Shiji nominees to the eFuture Board, then this buyout offer so soon after. This is the worst planned manipulation and positioning by a Chinese company I have seen. Shareholders were duped into believing this would be a big positive for eFuture and given the impression by their own statements that the new board members had shareholders interests very much in the forefront when Shiji nominated them. Now it is all too apparent that it was all a manuever to get this company on the cheap.

  • Mr. Chairman, a lowball $6.32 offer by Shiji, the Company you are CEO of, was not what we expected when we the shareholders of eFuture elected you to the position of Chairman of the board of eFuture. Let me post some of your statements the day you were elected.
    "Since Mr. King is involved in all aspects of Shiji's operations, his leadership and direction will enable eFuture to access Shiji's broad resources, thereby enhancing the operations of eFuture and further benefiting the Company's shareholders.

    Commenting on his appointment, Mr. King said, “I look forward to working with the eFuture Board and our talented teams to pursue the well-defined strategic plan that we believe is the best way to drive profitable growth for our shareholders by leveraging Shiji's many resources.”

  • Reply to

    let the bidding begin

    by boredwalk32 Jun 6, 2016 9:02 AM
    ozzie232 ozzie232 Jun 6, 2016 9:57 AM Flag

    They did exactly what they set out to do from the beginning. Go back and look at their average cost basis in their filing when they purchased their controlling amount of shares. It was much higher than their offer to buy remaining shares. So now they want shareholders to accept this low ball offer, far below the value of the shares they originally purchased back in the Fall. All the talk about creating value for shareholders was just that, talk!

  • Reply to

    Earnings

    by forgetabout11 May 13, 2016 8:00 AM
    ozzie232 ozzie232 May 13, 2016 1:18 PM Flag

    Nothing new is in place yet as far as products, services and operations so hard to see any surprises to the upside. Let us look forward to an earnings and discussion that gives us some insight into future plans. If we get some detail on that this could move, otherwise we may have to wait.

  • ozzie232 ozzie232 May 12, 2016 1:34 PM Flag

    ivan, you have been in this a long time now and you should know that earnings mean nothing regarding the price of this stock. It is controlled by the mgmt and they have the use of your money and others (me too) to run the company at no interest. Was the offer of a buyout even ever taken off the table formally? This will linger in this range between high7's and stay below the offer of $9.69 as long as it suits them. Taking it down to this level allows for an earnings beat while still keeping it way below the offer.

  • Reply to

    American Public Education guides lower

    by ozzie232 May 9, 2016 7:28 PM
    ozzie232 ozzie232 May 10, 2016 10:29 AM Flag

    Because retail is reading the headline without reading the report. Pros are taking it up to suck in the naive and then take it down hard. No reason for Institutions to be in this long term because the easy money has been made.

  • Lower Revenues, lower enrollments across the board.

  • Reply to

    Crooks

    by biofuel_junky Apr 28, 2016 8:23 AM
    ozzie232 ozzie232 May 4, 2016 4:29 PM Flag

    I think we agree there will be growth and new products and services. With new employees being brought in it may take some time to get to the point that is all contributing to the bottom line. Let me correct something and say they are pointed in the right direction, just need some time to get there. With earnings in a couple weeks I believe we will hear about increased expense related to hiring, training and product development. What impact that has on current earnings or on the next couple Qtrs is hard to judge. I will be listening to hear the plan they have laid out and any timelines.

  • Reply to

    Crooks

    by biofuel_junky Apr 28, 2016 8:23 AM
    ozzie232 ozzie232 May 3, 2016 3:46 PM Flag

    They have a long way to go with getting this pointed in the right direction, which imo, they eventually will. The annual report lays out a fairly standard report with all the pitfalls listed which is typical for an Annual report and no surprises. It sounds as if the Board and Shiji are on the sidelines calling the plays and letting Senior Management at eFuture execute the plan. Someday (we do not know the timetable) it will all come together and the new business plan will be made known. There will be new products and services merged perhaps with Shiji's existing businesses. Until then it may be a good opportunity to add or enter a position depending on your personal situation.

  • Reply to

    News!

    by biofuel_junky Apr 12, 2016 12:25 PM
    ozzie232 ozzie232 Apr 12, 2016 1:57 PM Flag

    Not sure why you think that. Just means eFuture's technology will not only be used by Shiji but most likely eventually Alibaba and the geographic regions are expanding. Very positive statements by Mr. King, especially when referring to "Profitable growth for shareholders".

  • Reply to

    The Shiji takeover

    by ksriniva1973 Mar 31, 2016 8:27 AM
    ozzie232 ozzie232 Apr 5, 2016 4:25 PM Flag

    It will be interesting to see how they will use/incorporate Efuture's business with Shiji's and what the results will be. Tremendous value creation here and Shiji with their resouces did not take this position as an experiment, they know exactly what they are doing and where this is headed, imo.

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