Does anyone know whether the recent requirement for import certification for API actually mean that TPI's export to India is stopped?
You know, I don't want to grumble, but last time they announced they had won a tender with Hugan Tablets with competitive price and were forced to go through unexpected CFDA inspection, that resulted in suspending production and marketing. You need to be a genius to read between the line in their PRs ...
Well, it's not my fault that there are mostly negative information about TPI. The share price says it all. Please, stick to facts and try to argument to what I say (ad rem) and not to who you believe I am (ad hominem).
By the way, if you believe that anyone would pay anyone to bash a micro cap stock with ultra low volume like TPI, you're completely wrong.
Oh man! Large insiders ownership was typical and common for at least 99 % of chinese scams and frauds! It doesn't mean anything to them. Chinese don't believe in shares or such things. They believe in hard cash, quick money and easy profit. That's why they went to us markets. To siphon out money from US investors to their own pockets through secondary offerings, convertible notes ad so on.
They don't care about shares or shareholders. They don't even understand the whole concept of "shareholders' interests". They simply don't get it.
When will people learn ...
The discussion about reverse split, conversion and $4M is meaningless. It's just a drop in the ocean!
I'm talking about an organized crime! A crime organized by Tony "Gangster" Liu and his chinese cohort. They repeatedly promised shareholders for the AOBI to become one of the top-five pharmaceutical companies in China. So, do you still think that the company did what it promised??? I don't think so!
To separate opinions from facts, I'd like to remind you of something:
- in 2007 AOBI raised $63.8 million through secondary offering
- by that time, AOBI claimed to have $90 million in cash (and no debt!)
- in 2008 AOBI issued convertible notes for $115 million
- through 2008 and 2009 AOBI acquired land use rights and buildings (known as "convention and training center") for more than $100 million
- in 2013 AOBI defaulted
- nowadays, market cap is below $100k
So, what happened to $200+ million raised through secondary and convertible notes? Wrong decisions? Ok, I take it. A difficult market conditions in china? Ok, I take it. Going dark and quietly liquidate shareholders' value? NO!
Even if you are right and all of this mess was caused by wrong decisions, I have to ask: Why management doesn't sell all the properties they bought in the past and return at least some of the value to shareholders? Instead, it looks like they siphoned out the money from us investors to their private pockets!!!
Yes, sure ... Reverse merger - Secondary offering - Convertible notes - Land use rights and Convention and Training Center for more than $100M - ??? - competitive environment - $80k market cap + priceless shares
Now please tell me a tale of chinese companies being the victims ...
I saw just a couple of larger blocks traded in the morning. Nothing extraordinary. Volume was quite average. No reason to buy without any new reason.
It's just a blog post with "a projection". I can write a blog post about anything. I can claim that BSPM is going to be acquired by Glaxo for $100 per share, but it can hardly change the truth.
I honestly believe that you've just committed a crime
No, at first he said at the end of 2013. Then he adjusted to end of calendar 2013. Than he said after the relocation is done. Just look at previous conference call transcripts. That's why I expect them to find another excuse once again.
I don't want to be offensive, but it seems to me that you're making a big mistake. You believe that chinese micro cap management will behave reasonably, honestly and for the shareholders benefit. Thousands of investors (including me) have paid for this fundamentally wrong assumption.
The price has been below book value for years and the management hasn't cared at all. If they spent $1M for buyback, it would have any fundamental effect on the balance sheet. Instead, they promised a couple of times to take some "actions on capital market", but so far they didn't do a thing. What makes you believe it's going to be different "very soon"? The relocation itself can't change their reluctance to do anything regarding shameful share price
Given the low volume during the period, 700K shares dumped is a huge number. Seems like Pope intend to dump their entire TPI holdings ...
If there wasn't a typhoon the company would be very successful and investors would be all rich like Buffet.
Again, they are not chinese gangsters siphoning out US investors' money, the typhoon caused the meltdown! Ok?
I'm looking for their next earnings report and conference call. They will surely fabricate another silly excuse why they can't buy shares. No matter their claimed cash on books exceeds market cap ...
I see. I was buying right before the announcement because the plunge seemed irrational to me. Yes, I would be happier to see CYNO around $25 where I believe it belongs, but it's not the case so I'm buying more (in small blocks) since I still smell an opportunity rather than "something fishy" :-)
Fishy? Looking at chart I can see 20 % run up after earnings followed by 5 % correction. Quite typical. I added to my position yesterday.
Warning: Many people have lost a fortune due to the clueless posts like this!
BlooombergDOTcom: Investors in U.S.-listed Chinese companies, including former American International Group Chief Executive Officer Maurice “Hank” Greenberg’s C.V. Starr & Co., have lost more than $7 billion this year  in plummeting share values as at least two dozen firms revealed accounting flaws or auditor resignations. U.S. securities regulators are investigating.
Don't believe chinese gangsters! Don't give them your money because you will never see a penny back.
So the answer to my question is "I haven't received anything", right?
By the way, your post not only ignores my question but your claim is utterly false. Small companies pay dividends. Even chinese small caps do so! Look at CYD or XIN for a proof. Also, if you consider AAPL, NVDA, HIMX to be "gasping, wheezing, old dead companies" you're not only liar but also lunatic