Acquisition is also my main focus. I like to see how through this deal they transfer cash from GURE to their other interests or buy into them with cheap GURE shares. That has always been their objective anyway. This repurchase was not really intended to raise the price since they don't want a high price.
Alibaba move is fine. Everybody is doing it. But don't you think there would be another acquisition or capital injection?
"Our share repurchase program demonstrates the management's commitment to enhance shareholders value."
That is a real joke. Who is he trying to fool. You don't enhance shareholder value with a repurchase program which has a price floor of $1.20 before it is activated.
If the stock is so cheap they should just announce a repurchase program. Why do they have to set a price floor at $1.20 before it is activated? Looks like they just don't want it to go under $1.00 but not so interested to raise the price.
One of several companies with an elaborate and hidden web of connections with Shandong Ocean Bright et al., and Shandong Haoyuan Industrial Group Co., and Mr. Yang.
"Currently the Company is in discussions with a large sized chemical company based in China majored with TMP crude product and TMB. We intend to enter into an acquisition agreement by end of the year."
Shouguang Fukang is involved in both TMP and TMB
Shouguang Fukang Pharmaceutical Co.,;ltd
Shandong, , China
Chemicals Products - Manufacturer, Export / Import,
Public. Ltd. Firm Since 1993
Shouguang Fukang Pharmaceutical Co., Ltd. Was established in 1993. In 1998, it was ISO9002 approved and in 2003, it was GMP approved. It is the manufacturer of pharmaceutical raw material in China, the Hi-tech enterprise in Shandong province, the world-largest manufacturer and exporter of TMP and also the famous manufacturer of bromine compounds in the world.In 2003, our sales and tax increased 41% and 42% separately to 310 million yuan and 30.38 million yuan, the export is USD 10.12 million in 57% of increasement.Fukang became a private stock company in December, 2000. Its has six branches (Fukang chemical Co., Ltd., Yongkang chemical Co., Ltd., Yongkang bromine making co., ltd., Minkang bromine making co., ltd., Minkang bromine making No. 2 co., ltd.) and 1, 200 employees, 300 of them are technicians. Fukang has a total asset of 310 million yuan and 110 million yuan of net fixed assets now, it specializes in the development, production and sales of pharmaceutical material, pharmaceutical intermediate, bromide and temperature sensing dye. TMP is the main product of Fukang, it covers 80% of Chinese market and 55% of total output around world. Our TMP can meet the standards of BP98 & EP4, the annual output is 1, 600 tons. At present, Our TMP has been well-received by over 300 clients in 26 provinces of China, and has been exported to over 42 countries such as Germany, USA, Japan and Britain.Through further improving QA system, R&D system and export system, Fukang is trying its best to develop hi-tech, value-added and export products. . . .
It is one of the two reasons I posted on the PME board montecker. Either a major holder is selling for tax loss reason; or there is a planned merger/buyout. In either case the price will go down and remain low till it is over. The high volume has involved some large block exchanges, several 9,000, 10,000, 12.000 blocks on the same day, and several others much higher, as high as 250,000 shares. The big one was at $1.30 when the bid was at $1.32 and did not change the bid after the trade went through. Before 3000 shares sold could get the price down 10 cents but now that they have it at the level they want someone is buying all these shares. That tells me that in either case we should see a significant rise in the near future. Banking on this analysis I have put huge sums in the stock. Now if you have your gambling hat on, try CHOP.
If no one else, the CEO and insiders could buy it. Why not? It is so cheap. We shall see. A gamble for me but I am going all the way.
Nice spike in GERN pahad. I am glad for you and bu. I can't join you at this time. Too many cheap stocks on my plate and limited cash to go around. Good luck.
There is always a chance that it will go dark, but there is a greater chance for a merger/buyout on the cheap. And there is also a chance for recovery since there is now some growth in demand for steel . At this stage I consider this a pure gamble which may pay a huge reward. I think it will close in $1.80s today.
I don't know either. But the short volume is huge and maybe they are getting scared and covering instead of going short.
That is very probable. But the offer has to be around $2.50 or better which means the current price is a bargain.
Of course insider trading is a illegal and few have gone to jail for it and so is stock manipulation in various forms. However, in these cases it is not the insider who is taking action but his friends and associates with whom they are in partnership. How do you think a stock is recycled resulting in a reduced or higher price? It is either by the market maker or fraudulent set ups like this. You and I with few $million between us can take this stock or most small cap low volume stock in any direction we want without ever discussing it directly. You may be afraid of the law but how many people observe the speeding limit fearing a speeding ticket especially when the rewards are huge, chance of getting caught is almost nil and the penalty is just a fine and restitution. In case of highly manipulated small caps almost invariably the price drops before a merger/buyout or a capital raise. This has been true for nearly all the stocks I have been trading for over twenty years. It is more true about foreign especially Chinese and Indian stocks. Although there are exceptions, this phenomenon is so obvious to me that I generally treat it as a fact. BTW I also added shares at $1.12.
What you are describing happens all the time alan. I have no doubt that has been the case with GURE though I also think there has been a seller lately perhaps liquidating and taking a tax loss. Complaining to the SEC will do you no good. However, the process could enable you make some hefty profits if you follow the Fat Cats.
I thought the price will go way down so I can double up buying more shares. What is holding them back? What are they afraid of? Are they afraid of the CEO and his ambush strategy? Earnings can't be that good. So why aren't they going for it? Any clue from those who know the answer?