Or is there anyone still holding this sh_t?
Given the low valuation and high risk profile of the company, I guess that an average investor holds a couple of hundreds of shares or a fraction of his portfolio. Simply put, it's not worth the time to watch TPI closely or even be active at conference calls or shareholders meetings ...
That's what I've been saying to myself for a couple of days. However, it seems like the market is ruled by irrational optimism right now. Day by day there are new 52week highs pushed higher. Even a ridiculous piece of information (Greece) can ignite market rally.
US listing is meaningless in this case. Chinese simply don't care about US listing any longer.
If we were in 2007 or 2008, well, that would be a different story. Those days US listing was prestigious and it would represent a tremendous value for a pre-IPO company like Buchang. But today that doesn't mean much. In fact, Buchang applies for listing on chinese market because management is probably aware how terrible reputation chinese companies have between US investors.
Not to mention that we experienced both significant increase in volume and price on Friday. Today's announcement is simply a copy of Friday's one. To me, it looks ok
Sorry, but such an assumption is so naive it deserves a thumb down. :-)
You simply can't use US metrics for chinese companies. Buchang JV is definitely a positive sign for TPI, but nobody knows if it's going to have any positive outcome for US investors. If Buchang acquires TPI assets in China and leaves US shareholders holding priceless empty shell shares, you have a difficult time since there's no legal defence.
Do you think they will issue another (third!) press release tomorrow? Honestly, I can't tell Friday PR from Mondays. Friday, it helped the stock price to gain almost 20 % which is not bad considering the PR was completely immaterial.
Then you must have been a happy TPI buyer for at least last 10 months or so. ;-) What a pity you were alone so it didn't have any impact on the stock price
Once upon a time there was a man called medici. He believed that TPI would "dramatically" turnaround and get on growing trajectory. He was also "pretty sure" of a lot of things to come. Those days TPI was over $2 ...
Obviously??? PR states:
"TPI's wholly owned subsidiary Chengdu Tianyin Pharmaceutical Co., Ltd. owns 95% and Buchang Pharma owns 5%."
Yes, it's just a copy&paste from their February announcement. I can't see any reason for such a weird announcement right now. Maybe they just felt it was the right time to say "we're still alive" ...
Just check his message board history and you will find out he is an idiot who thinks he can manipulate a stock with fabricated news on its anonymous message board
It's been a long time since we got the last update on things like Buchang JV, JCM certification for international business, JCM API exports. If there were no notices of delisting, it would look like a dead company :-)
If that's true and Buchang claims they've already acquired Tianyin, than you should be really worried. It's like saying "we have already set things up, so we can profit from the deal without any other investment". In fact, I wouldn't be surprised if Buchang managed to steal TPI assets through the deal we know as "joint venture"
Of course I tried to verify your claims, but google stays quiet. Not a single article! Which is rather strange for "the news everywhere in Chinese media".
Post your google search query so I can find it myself. That is allowed by yahoo message boards