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  • BG Medicine - Just Be Patient [View article]
    Yes, indeed! I stopped following this stock and sold with a big loss. Patient is indeed over.
    Dec 8, 2014. 03:02 PM | Likes Like |Link to Comment
  • SkyPeople Fruit Juice, Worth A Second Look [View article]
    Sir, you are wrongly informed. US promotors and investment banks were the ones who brought all these small caps to the US markets, with great stories such as fame and glory.
    Dec 7, 2014. 04:21 PM | Likes Like |Link to Comment
  • SkyPeople Fruit Juice, Worth A Second Look [View article]
    I know you were talking about Chinese stocks in general and I agree with your points. It is sad to see that stocks like SPU, but also for example Synutra (SYUT) have still such low valuations. The last one is a top-3 infant milk producer in China. They are building the most modern, largest milk powder production plant in the world, that can produce up to 300,000 tonnes of milk powder per year. Not even one analyst is covering the stock.

    The problem is that most of those US-listed China small companies are not followed by analysts, only by guys like you and me. SPU has always a conference call after releasing their quarterly results. Who joins? No one!

    I think every investor is beaten to death because of the many fraud cases and delistings. Despite that, I think value can still be found.

    US-listed Chinese small caps belong to a stock portfolio only I wouldn't allocate more than 10%.
    Dec 7, 2014. 08:08 AM | Likes Like |Link to Comment
  • SkyPeople Fruit Juice, Worth A Second Look [View article]
    Most China small caps don't have institutional investors on board like the ones SPU has.

    Most China small caps don't have effective internal controls.

    Most China small caps don't have a CEO that gives interviews in agricultural and trade magazines. Most corrupt CEO's don't partipate in (agricultural) events.

    And much more..................... course I could be wrong, but one thing is for sure I learned from my mistakes in the past. The majority of China small caps (>90%), including Guanwei Recycling (GPRC) didn't have sufficient internal controls (material weaknesses in control).
    Dec 7, 2014. 06:50 AM | Likes Like |Link to Comment
  • SkyPeople Fruit Juice, Worth A Second Look [View article]
    Inventory problems and lower prices for concentrates.
    Dec 6, 2014. 05:26 AM | Likes Like |Link to Comment
  • SkyPeople Fruit Juice, Worth A Second Look [View article]
    Great instablog post.

    Indeed the stakes of MS, Sansar and DB is a big positive. If they would think the company is a fraud they would sell their shares already years ago.
    Dec 5, 2014. 09:25 AM | Likes Like |Link to Comment
  • SkyPeople Fruit Juice, Worth A Second Look [View article]
    Before I start to say or reply with the same things again, I would suggest read the comments of related SPU articles. For example:

    http://bit.ly/1FQVzJQ

    or send an email to IR representative David Rudnick from Precept Investor Relations.
    or call him Tel: US +1 917-864-8849
    Dec 4, 2014. 02:44 PM | Likes Like |Link to Comment
  • SkyPeople Fruit Juice, Worth A Second Look [View article]
    Indeed they had a lot of cash on the balance sheet. But CapEx for both big projects was approximately $130 million. so they need this cash. Cash on their balance sheet was not sufficient to all what is happening with this company, that's why they entered into an equipment leasing agreement with three suppliers backed by Xinda Financial Leasing. Total cost of equipment around $21 million. SPU pays to Xinda around $1.3 million per quarter for five years. So that would be $26 million for the complete term.

    The Absoroka story is rebutted many times by several people, even by showing video evidence of SPU's beverages in supermarkets. Absoroka themselves informed us that they received wrong information from unreliable sources in China.


    Of course a lot of people don't know SPU's products because they are only now available in 20.000 retail stores (points). And a retail store doesn't have to be a supermarket. 
    Dec 4, 2014. 02:29 PM | 1 Like Like |Link to Comment
  • SkyPeople Fruit Juice, Worth A Second Look [View article]
    Regional sales information is not available, basically because fruit juice concentrates and beverages are bought by distributors and Wholesale sellers.
    Dec 4, 2014. 02:03 PM | Likes Like |Link to Comment
  • SkyPeople Fruit Juice, Worth A Second Look [View article]
    It doesn't have a VIE-structure.

    http://1.usa.gov/1FQLug2
    (page 6)
    Dec 4, 2014. 01:54 PM | Likes Like |Link to Comment
  • Update: Skystar Bio-Pharmaceutical Company Q3 Earnings - Key Developments [View article]
    SKBI is on my watch list!
    Nov 19, 2014. 08:25 AM | Likes Like |Link to Comment
  • Sino Agro Food: Patience Is The Key [View article]
    I don't believe that the stock will move sideways for a long period of time. We are in the middle of a corporate governance transition that will hugely benefit the company and its investors. It's just a matter of time that more institutional investors and private investors will start to initiate positions in SIAF.
    Nov 18, 2014. 02:09 PM | 1 Like Like |Link to Comment
  • Sino Agro Food: Patience Is The Key [View article]
    Dilution will be less and less going forward. That's part of the agreement with Euro China Capital.
    Nov 18, 2014. 10:28 AM | 2 Likes Like |Link to Comment
  • NQ Mobile: 99 Problems But Printin' Shares Ain't One [View article]
    I have to confess you used a lot of distortion in your article. Why you didn't use the song of Public Enemy "Burn NQ Burn". The original was "Burn Hollywood Burn".
    Nov 18, 2014. 07:14 AM | 6 Likes Like |Link to Comment
  • Update: Kingold Jewelry Earnings [View article]

    September 30, June 30,
    Raw materials $ 53,897,285 $ 43,245,037
    Work-in-progress $125,418,611 $123,220,235
    Finished goods $ 42,630,477 $ 43,122,522
    Inventory valuation allowance (6,294,349 ) -
    Total inventory $ 215,652,024 $ 209,587,794

    They bought more raw materials to fulfill their backlog.
    Nov 17, 2014. 09:46 AM | 1 Like Like |Link to Comment
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