diffence between the change of the price of the commoditiy /GC futures contract and the GLD? Take today for instance, the commodity is off by -$9.4 and the GLD is -1.252 which x10 would be -$12.52.that is a big difference.
Liquidity and going concern
The accompanying financial statements have been prepared in conformity with generally accepted accounting principles which contemplate continuation of the Company as a going-concern basis. The going-concern basis assumes that assets are realized and liabilities are extinguished in the ordinary course of business at amounts disclosed in the financial statements. The Company’s ability to continue as a going concern depends upon the liquidation of current assets. For the nine months ended March 31, 2014, cash used in operating activities was $751,873. Cash as of March 31, 2014 was $204,341, which was insufficient for future operations. Additionally, the Company was not only slow in collecting its loans receivable (and granted extension as to their repayments as well as the related interest receivable), but also had not made a quarterly interest payment of approximately $2.12 million originally due on March 31, 2014 (now extended to February 28, 2015) to Bairui Trust Co., Ltd. (“Bairui Trust”) in connection with the Company’s long term loan.
To improve its financial position, the Company is seeking support from its banks to finance the construction of its new plant. The Company may also be able to obtain lines of credit by pledging its mining rights as collateral once the mine consolidation schedule can be finalized. The Company is also attempting to improve collection from customers, and to increase sales of higher profit margin coke products. Management believes that if successfully executed, the foregoing actions would enable the Company to continue as a going concern.
As discussed in Note 1 to the financial statements included in the Company’s Form 10-K for the fiscal year ended June 30, 2013, the Company reported liquidity and going concern issues as of June 30, 2013.
This should not be worth anything close to $7.4 Billion. That is beyond ridiculous. This is a camera with accessories and video editing software. There are many other companies out there who could produce a better product at a lower pricepoint. This will defiinitely come crashing down unless they make some spectacular followup products or some other company wants to buy them out.... and that IMHO would be a huge waste of money.
It's Clear that Paul "The Crooked" Kelly and Company Should Be The Ones Paying For The Crime.
considering the asset sales, etc... all inclusive, what would be TBV? Kindly explain how you calculate.
Are there not several other companies with pipelines aggressively going after HER2 mutation-positive solid tumors? What justifies the PBYI price by comparision (although it maybe more advanced) is it truly worth the difference?
Yes, maybe he sounds negative, however his reasoning is quite logical. You do know why they have not made GAAP profit? If your unaware then go check out how many shares these LinkedIn Insiders have Awarded Themselves and then Sold. The share price is being Rigged by Big Institutions which control the bulk of the outstanding shares. $100's of Millions into Billions of Dollars these Greedy Insiders have stuffed into their Pockets as they continue to Dump these overbloated shares onto the market. This either gets taken out or else slowly dies once some serious competition steps into this niche.
Go see how much they have Awarded Themselves. They never seem to stop cashing-out a seemingly "Endless" number of shares. Hundreds of Millions into the Billion$ of Dollars. This is why they really never make a GAAP profit. It all goes to the few at the top. Shareholders are getting Shafted here.
Just have a look at the $100's Millions into the Billions Dollars they have sold, and will continue to selling. Maybe I'm mistaken but this CEO seems to be self serving and greedy.
He (mainly) and a few others have sold Billion$ of Dollar$ of the Shares they GAVE to THEMSELVES. These are some Mighty Greedy People we are talking about. However Good thing for you that this equity is controlled by Institutions who have kept it at extraordinary lofty levels for years. Likely they will continue their charade after release of the quarterly report or they could decide to manipulate a pullback and take out the small fries they eat for lunch, those miserable bas-turds.
How Many $100's of Million$, maybe even BIllion$, has he now sold from the Huge Share Holdings that He Gave Himself?
maybe that was it... but hey, if the case settles for a decent value wouldn't they easily survive? Also do you know what the current TBV is for DRL?
If so, what is value of the common?
Sure there is. But "they" ( Weikang CEO and other criminals) probably don't think so either... until that is... the wrath is upon them someday (hopefully soon)