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Origin Agritech Limited (SEED)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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9.63+0.07 (+0.73%)
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  • R
    Has this company found a way to monetize covid-19? I mean, e.g., to have it so mosquitos can spread it and then corner the market on a critical ingredient of mosquito spray.
  • G
    If it goes to $ 175.00 my friend will break even
  • r
    looking good
  • m
    Good news from China,

    China plans to issue biosafety certificates to domestic GM soybean, corn
    BY Reuters
    — 7:44 AM ET 12/30/2019

    By Hallie Gu and Shivani Singh

    BEIJING, Dec 30 (Reuters) - China's agriculture ministry said on Monday it plans to issue biosafety certificates to a domestically grown, genetically modified (GM) soybean crop and two corn crops, in a move towards commercializing GM grain production in the world's top market.

    China will grant the certificate to SHZD32-01 soybean developed by Shanghai Jiaotong University, provided there is no objection during a 15-day period soliciting public opinion, the Ministry of Agriculture and Rural Affairs said in a statement.

    If approved, it will become China's first GM soybean crop to receive such a certificate, a first step towards commercialized production.

    Dabeinong's DBN9936 corn and double-stacked 12-5 corn developed by Hangzhou Ruifeng Biotech Co Ltd and Zhejiang University were also expected to receive the certificate.

    Beijing has spent billions of dollars researching GM crops, but has held back from commercial production of any food grains because of consumer concerns about their safety.

    China granted biosafety certificates to its first GM corn varieties and two domestic rice varieties in 2009, but has never moved to commercialize these crops.

    Some in the industry believe Beijing's most recent move could mean that China is ready to start commercialization of some domestic GM crops.

    "This signifies the policy changes from the central government as China is moving to commercialize GMO corn," said James Chen, chief financial officer of Origin Agritech Limited ( SEED
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    "GMO corn commercialization would benefit Chinese farmers, especially those in northeastern China," Chen said.

    Origin Agritech ( SEED ) received biosafety certificates for its phytase GM corn trait in 2009 and has several new varieties of GM corn in the pipeline for biosafety approval, including insect resistance and glyphosate tolerance double-stacked traits.

    China has said it aims to push forward the commercialization of GM corn and soybeans by 2020. Beijing has long approved imports of these products.

    "If the government actually issues the certificate, it will be significant progress," said another source with a major developer of GM crop strains in China.

    "But it really depends on whether the crops can be commercialized in the end," added the source, who declined to be named as he was not authorized to speak to the media. (Reporting by Hallie Gu and Shivani Singh; Editing by Louise Heavens and Jan Harvey)
  • S
    Friday after closing my meager shares turned into 100 shares!!!
  • D
    Something I found on the seed website: Entry into Modification of Material Agreement

    Origin Agritech Limited, through its subsidiary Beijing Origin Seed Limited, (together “Company”) and Beijing Shihui Agricultural Development Co. Ltd. (“Shihui”) have entered into new discussions for a revised payment schedule under the original Master Transaction Agreement for the sale of certain identified assets, as previously amended. Shihui has confirmed to the Company its continued interest in completing the transaction, and has cited a difficulty in obtaining financing for the balance of its payment commitments as the reason for the delay in making its payments to the Company for the asset sales to date. The Company is assisting Shihui in its efforts to obtain funding. Although the parties are actively seeking a path to funding and completion of the asset purchase agreements, there can be no assurance at this time that the transaction will be completed as revised.

    The new modification agreement revises the payment dates of the original agreement, as modified. The previously agreed November 2017 payment of RMB 43.6MM is to be delayed to December 15, 2017, in respect of the first asset sale, and the second payment of approximately RMB 40MM (subject to adjustment for outstanding payables between the companies) for the balance of the assets is to be made on January 15, 2018.

    Additionally, Shihui, which currently has a loan from the Company in the amount of RMB21MM, will repay the full amount of the loan due on December 31, 2017.

    Shihui has paid the deposit of RMB10MM at the time of signing the purchase agreement which is to be applied to the second asset sale and has paid total of RMB14mm towards the first closing of the assets.
  • p
  • M
    Mike the GOAT
    When is the BLOCKCHAIN announcement
  • M
    Plant your seeds here and soon you will have a big harvest
  • D
    Last trade of the day was 247,000 shares, must have been a market order.
    Thumbs up.
  • T
    conference call!! this is going to be big!!
  • W
    I could’ve written a better PR after watching the meetings last night. The 1.3 billion population of China creates a huge market opportunity. Using the rural distribution of seeds truly show cases the capability of Elastos technologies. There is a lot riding on this seed deal.
  • S
    Market cap 10 times more without ant news, please advise what is going on?
  • W
    A lot of potential here. The Elastos project could prove its worthiness on the back of Origin. If this works, Elastos will change everything about e-commerce and Origin may be able to capitalize on co-developing IP. They may be able to re-sell its process to other food supply and distribution chains.
  • M
    Mike the GOAT
  • K
    Kathy C
    During the past 3 days 35 m shares (15,7, 13) have changed hands. How is this possible with total outstanding shares of 22 m and float of a 14 m. It suggests all shares have changed hands including insiders & institutions more than 1 time. How is that possible given settlement times, etc. Seems kind of fishy to me unless a lot of day traders are sitting on tons of cash. Anyone else wonder about this?? I would think that all these new players are going to expect to make money & pps surely must continue to rise.
  • B
    Today's volume will be 10X the average. This does not happen without a reason. And the buy volume is supersedes the sell volume. Something good here.
  • M
    Mike the GOAT
    Tomorrow we make the 💰💰💰💰
  • m
    Any news on Dec 2017 payment
  • a
    11.27 near term target 14 mid 20 Long term .....after earnings start