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Altair Nanotechnologies, Inc. Message Board

realdutch01 8 posts  |  Last Activity: May 12, 2016 7:55 PM Member since: Apr 9, 2010
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  • Reply to

    Cost accounting

    by muller20 May 10, 2016 4:12 PM
    realdutch01 realdutch01 May 12, 2016 7:55 PM Flag

    They will book the management rights at cost.

    Perhaps they will pay a dividend to soften the blow. They could actually pay out $50M or more and then the parent can use their $45M proceeds to provide a loan to the company. Fug this market, right.

  • Reply to

    New company

    by semidutch Mar 16, 2016 12:43 PM
    realdutch01 realdutch01 Mar 16, 2016 5:38 PM Flag

    Haha. Could be. But it clearly says, quote

    "....and unaudited financial statements for the 9 months ended September 30, 2015 for Gansu Yasheng Agro-Industrial and Commerce Group Co. Ltd."

    That does not equal consolidated results for Yasheng Group.

  • Reply to

    New company

    by semidutch Mar 16, 2016 12:43 PM
    realdutch01 realdutch01 Mar 16, 2016 3:59 PM Flag

    "Also, as I expected, we are keeping NOTHING of the old operation."

    Nothing = the size of your brain.

    Didn't you say that the money wouldn't be there, that management would steal it from the shareholders.

  • Reply to

    Is this new?

    by realdutch01 Mar 7, 2016 8:26 PM
    realdutch01 realdutch01 Mar 8, 2016 10:38 PM Flag

    They signed an option agreement in 2011 which allowed them to acquire some mining rights for $15M. Of course HERB never had the money.

    This deal for $20M was done recently IMO, when looking at the context of the information on the website. Let's hope for a press release soon.

  • realdutch01 by realdutch01 Mar 7, 2016 8:26 PM Flag

    Mr. Gianneotis has had successful mine sales in the state of Arizona; and has consummated a 20 million deal with the Yasheng Group, China’s leading agricultural company will has recently ventured into the mining arena.

    On the Placer Mining Corp website

  • Reply to

    Alternative for the loan?

    by realdutch01 Feb 23, 2016 4:02 PM
    realdutch01 realdutch01 Feb 29, 2016 4:44 AM Flag

    I'm not going to bother them with every piece of information I find. I'm sure they are aware of it.

    Perhaps it is time for a press release. They can update us on a few things. I think that would be a good idea.

  • Reply to

    Alternative for the loan?

    by realdutch01 Feb 23, 2016 4:02 PM
    realdutch01 realdutch01 Feb 28, 2016 2:04 PM Flag

    The answer is in the bloody 10-k. Quote,

    The exercise of our option to purchase part or all of the equity interests in the VIE Entities under the Option Agreement might be subject to approval by the PRC government and foreign ownership restrictions on the VIE Entities’ current businesses under PRC laws. Our failure to purchase the equity of the VIE Entities may impair our ability to substantially control the VIE Entities and could result in actions by VIE Entities that conflict with our interests.

    Our Option Agreement with the VIE Entities gives our Chinese subsidiary, Harbin Baixin, the option to purchase all or part of the equity interests in the VIE Entities. However, the option may not be exercised by Harbin Baixin if the exercise would violate any applicable laws and regulations in China or cause any license or permit held by, and necessary for the operation of the VIE Entities, to be cancelled or invalidated. Under the laws of China, if a foreign entity, through a foreign investment company that it invests in, acquires a domestic related company, China’s regulations regarding mergers and acquisitions would technically apply to the transaction. Application of these regulations requires an examination and approval of the transaction by China’s Ministry of Commerce, or MOFCOM, or its local counterparts. Also, an appraisal of the equity or assets to be acquired is mandatory. However, our local PRC counsel has advised us that local counterparts of MOFCOM hold the view that such a transaction would not require their approval.

    Therefore, we do not believe at this time that an approval and an appraisal are required for Harbin Baixin to exercise its option to acquire the VIE Entities. In light of the different views on this issue, however, it is possible that the central MOFCOM office in Beijing will issue a standardized opinion imposing the approval and appraisal requirement. If we are not able to purchase the equity of the VIE Entities, then we will lose a substantial portion of our ability to control the VIE Entities and our ability to ensure that the VIE Entities will act in our interests.

  • Google it.

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