The following is an article entitled "Xinghe: it's time we learnt the facts and broke the 'China' myth bubble" at http://klse.i3investor.com/blogs/princeanpauperstocks/79830.jsp which I wrote in response to comments made by Icon8888 last 6 July 2015. Let's hope readers will be persuaded by published facts and merits rather than speculate on the credibility of a stock just because of its national origin. Xinghe maybe Chinese but it stands in a league of its own.

The following is an article entitled "Xinghe: it's time we learnt the facts and broke the 'China' myth bubble" at http://klse.i3investor.com/blogs/princeanpauperstocks/79830.jsp which I wrote in response to comments made by Icon8888 last 6 July 2015. Let's hope readers will be persuaded by published facts and merits rather than speculate on the credibility of a stock just because of its national origin. Xinghe maybe Chinese but it stands in a league of its own.

Fellas check out my response to valuelurker entitled "The better run companies pay their dividend in kind. Not cash." http://klse.i3investor.com/blogs/princeanpauperstocks/79484.jsp

Fellas check out my response to valuelurker entitled "The better run companies pay their dividend in kind. Not cash." http://klse.i3investor.com/blogs/princeanpauperstocks/79484.jsp

Guys, here's a follow up entitled "Xinghe is no Apple. Yet it's 14 times better." which caps my last article "The best run companies do not pay a single dividend" at http://klse.i3investor.com/blogs/princeanpauperstocks/79074.jsp . The same is made in response to kcchongnz, JT Yeoh et al.

Guys, here's a follow up entitled "Xinghe is no Apple. Yet it's 14 times better." which caps my last article "The best run companies do not pay a single dividend" at http://klse.i3investor.com/blogs/princeanpauperstocks/79074.jsp . The same is made in response to kcchongnz, JT Yeoh et al.

On the contrary, movement in oil price and Dow Jones index have not erased gains made the day before. They fluctuate in the usual range which is the norm.

Definitely, they should not concern KNM which has already bagged RM4 billion in job orders as at 24 June 2015 - which is five times Ewein's RM0.8 bn project in Penang - and is poised to bid for another RM13 billion by next year. See news here http://www.thestar.com.my/Business/Business-News/2015/06/24/KNM-orderbook-rises-to-RM4b/?style=biz

If market enthusiasm grew as fast as the said increase in book orders, then KNM should have no problem attaining or exceeding the RM1 price target set by MIDF / Maybank as early as this week.

The more the merrier, bunnypro. No worries, will reply to his comments in good time. :)

I'll be out of town datoHW...but those attending, don't forget to propose and ask everyone to vote for an aggressive share buyback program...that's the quickest and surest way of shoring up the stock price and boosting investors' confidence in a market besieged by unfair sentiments against China-based companies.

Thanks pingdan for raising an interesting point on the dividend payout.

Incidentally, Xinghe has a policy of paying dividends within reason although not in fantastic amounts that could jeopardize its net tangible assets. As a company focused on growth, I don't expect them to overpay as that would be akin to killing the goose that lays the golden eggs.

Should they pay more in order to prove they're cash rich? Well, this is addressed in my article entitled "The best run companies do not pay a single dividend". Have fun reading thru. http://klse.i3investor.com/blogs/princeanpauperstocks/78715.jsp

The following is an article I wrote in response to comments by Coldrisks entitled "It’s time we judged Xinghe on its merits – and not tar it with a Chinese brush" http://klse.i3investor.com/blogs/Xingheanalysis/78527.jsp

Thanks Henry HO for highlighting the same.

It so happens Xinghe has a policy of paying dividends within reason and not fantastically high to the extent of diminishing its net tangible assets. So, does CAP. As a long term investor, I wouldn't want them to overpay as that would be akin to killing the goose that lays the golden eggs.

Should they pay more in order to prove they're cash rich? Well, this is addressed in my article entitled "The best run companies do not pay a single dividend". Have fun reading thru. http://klse.i3investor.com/blogs/princeanpauperstocks/78715.jsp

On the contrary gungho92, this article is meant to counter the irrational bias in the marketplace against a stock simply because of its national origin. The fact they're Chinese, Malaysian or American is secondary.

It's a clarion call to evaluate stocks on fundamentals and not prejudge and blackball them just because they're not locally based. At the end of the day, each stock (China or not) must be judged on its individual merits.

For a greater insight I suggest reading this http://klse.i3investor.com/blogs/Xingheanalysis/78527.jsp

Thanks for your alternative take on the subject Alphabeta. It's great we can discuss this at length.

Although capital gains tax is not imposed under an independent tax code of its own in Malaysia, the aggregate net gains in a share trade are nonetheless taxed albeit indirectly under a general all purpose income tax that is levied on the taxpayer each year.

As far as dividend payout is concerned, there's always a flipside view of the coin that has not gained currency in the mainstream media for the simple reason the interests of the wall street and main street are not necessarily aligned.

The only reason mainstream media has not taken Tim Cook to task for departing from his predecessor's policy of not paying dividends - for all 16 years of Jobs' tenure at Apple - is because they're being polite and more so they do not wish to upset the financial markets namely the institutional investors that love reaping the cash through a dividend payout although the latter does not actually improve enterprise value.

But it's time we called a spade a spade. Financially prudent companies listed on stock exchange seek to improve enterprise value by generating a greater turnout in net assets including cash and do not recklessly deplete them on an unproductive exercise such as dividend payout which exist solely to please shareholders who're unable to profit otherwise from capital gains in the stock market.

It's like what Michael Dell has opined over the years dividend expenditure is a hurdle to intelligent financial management. This is the opinion shared (for very good reasons) by Steve Jobs until his untimely demise and Warren Buffet.

:) Chinaboleh. Naturally, a company with a higher NTA makes a potential target for takeovers which would also benefit the shareholders. Thus, spending huge sums of money on a dividend payout is not only financially imprudent but will recklessly diminish its NTA appeal - as what Time Cook has done to Apple following his predecessor's demise.

John Yeo made an interesting comment the other day - on why Xinghe gives away free warrants or bonus shares when the same can be achieved through a staggered dividend payout - which has prompted me to issue an article today in response entitled "Xinghe's minority shareholders must push for a share buyback program" http://klse.i3investor.com/blogs/Xingheanalysis/78739.jsp

Glad, we're in the same boat - gick891214. There's a sensible voice in all of us...whether we choose to act on it now or later is a matter of will...let's keep the exchange going, so we may profit together... :)

I'm more of a long-term investor...datoHW. Unless you're good in reading probability in a slow or volatile trade it's best to avoid day trading. But if your aim is to trade – within a day, week or longer – then always have an exit plan. And stick with it. Always remember your exit plan – and not your hunch –will save your principal investment and gains against a market downturn. But even the best laid plans will not save you if you choose to speculate in a bad stock, chase high or rely on contra funds. The latter three is akin to gambling. I have tasted both success and failure. Well, what’re the odds for success? Let’s say you stand to make a fortune by making sensible investment in a fundamentally good stock than the times when you’re doing the opposite.

The following is an article entitled "The best run companies do not pay a single dividend" which I wrote in response to recent comments by Pingdan and Henry HO. Have fun reading thru. http://klse.i3investor.com/blogs/princeanpauperstocks/78715.jsp

For readers and those who're thinking about investing in Xinghe but are undecided due to the bad press that seem to colour discussions on Chinese stocks, here's a perspective on why fundamental investing matters http://klse.i3investor.com/blogs/princeanpauperstocks/78654.jsp

For readers and those who're thinking about investing in CAP but are undecided due to the bad press that seem to colour discussions on Chinese stocks, here's a perspective on why fundamental investing matters http://klse.i3investor.com/blogs/princeanpauperstocks/78654.jsp

In reply to Coldrisks' point on CSL, I've written an article today entitled "It's time we judged Xinghe on its merits - and not tar it with a Chinese brush" at http://klse.i3investor.com/blogs/Xingheanalysis/78527.jsp

Here's how the Bursa works.

Those wanting to sell high will not be able to do so unless those queuing to sell low were to unqueue their orders.

In simple English, if you were to buy say at 49 sen per share and if the lowest sell offer was 48.5 sen per share, Bursa will automatically register your purchase at the lower 48.5 sen per share.

The operators know this and love manipulating it to their advantage. And the rest of the market simply falls for it.

So it stands to reason, the only way to reverse the trend, is for the ordinary investor to understand this and immediately stop queuing at anything below 50 sen per share.

This will naturally push up the lowest sell offer to 50 sen and above per share. Market will have no choice but to buy whatever there's on the table.

That's the only way investors will be able to turn the tide against the bear and unlock CAP's price potential for what it's really worth.

Siburan is still at exploration stage in Kirwan and is not expected to bring revenue in the near term. However, the entry of an institutional player like Credit Suisse into CAP (aside from Siburan) and CAP's proposed rubber recycling JV in Xiamen, China with Sekhar Research Innovations Sdn Bhd with revenues streaming in by 2016 signals strongly that CAP's stock price is grossly undervalued (even for its existing business) and ought to be headed north.

Limit up 2 times? Now, that's quite a stretch of words there watchme.

It's a common knowledge for a penny stock the ceiling limit is 30 sen up. In other words, 66 sen per share is the maximum for today.

Of course, it's not going to shoot the ceiling unless another institutional investor were to join Credit Suisse.

What I'm saying at current prices, the stock is extremely undervalued.

If investors were wise enough, they'd not be disposing their shares for anything less than 50 sen or above should they wish for their shares to return to levels seen before the 1MDB rumours broke out last 21st May 2015.

The latter actually was a non-issue as it matters not who ascends or descends the political ladder, the Government's ability to honour its debt obligations remains intact.

Ok fellas, the blog is up and running. Feel free to check in at http://klse.i3investor.com/blogs/Xingheanalysis/

It's interesting to note from The Edge dd. 25 May 2015, the Australian mining company Siburan Resources Ltd (SBU) which is acquiring a 16.67% stake in China Automobile Parts Holdings Ltd (CAP) for 60 sen per share counts some prominent Malaysian corporate figures among its major shareholders e.g. Negeri Sembilan royalty Tunku NaquiyuddinTuanku Ja'afar who owns 5 million shares or a 2% stake and RH Resources Ltd an associate of Rimbunan Hijau Group which owns 10.33 million shares or a 4.18% stake.

The business alliance between SBU an upstream exploration company involved in a tungsten project in New Zealand and CAP will allow the latter to secure a new supply line of tungsten which is highly sought after and has high end applications in the automotive and mobile phone industries.

Hence, these factors explain why Credit Suisse was drawn to take a substantial 6% stake or some 39 million shares in CAP between late May and early June; they must have planned their investment ahead of news which broke out on Friday and made purchases the following week so as to avoid an impression of insider trading. Any subsequent divestment (which by the way is noticeably too small) is not unusual for a foreign investor seeking to protect its investment against a depreciating currency and has nothing to do with CAP whose fundamentals remain unchanged.

That's why the recent decline in CAP price was unwarranted. If the market understands the events better, the stock will be back trading at 50 sen and above come Monday. Any less than a fair price is a steal.

http://klse.i3investor.com/blogs/CAPnewsanalysis/78382.jsp

Yeah, you're right bunnypro. He sold down his existing shares from 41 m to 27 m between 5th and 8th June 2015. In terms of percentage, it slid from 1.75% to 1.16%. Nonetheless his warrants still entitle him to purchase new shares anytime between now and 2019 should the stock trend higher. Regardless, his partial disposals are no cause for concern since they're insignificant and do not alter the company's fundamentals. But you may still want to ask him why during the AGM - who knows he might give us an interesting answer.

CAP should be trading rightly at 50 sen and above. The only reason for its recent decline was due to contra traders who were unable to stem the fall. Let's see whether sanity will return to market come next Monday and whether the stock will retest 55 sen per share last seen on 21 May 2015 before it lost momentum due to the market overreacting to 1MDB issue which in reality has zero effect on the Government's ability to repay. No matter who ascends or descends the political ladder, the Government's ability to honour its debt obligation and protect the financial market remains intact.

Bunnypro, per my earlier message dd. 9 June 2015, Ng Min Lin held 21.4 million shares or 1.82% as at 12 May 2015 as reported in the annual report for FYE 2014. The 13.9 million shares he disposed on 5th and 8th June 2015 did not reduce his overall shareholding. In fact, he still had a higher number of shares at 27 million units or 1.16% as at 8 June 2015 despite the said share disposal. So, he was actually trading for profit like anyone else.

Those seeking to invest in CAP or any stock for that matter should avoid contra trade which benefits no one except to skew market price as we have seen in the first half of this morning. It's amazing to see a stock trading several times below its expected PE for FYE 2015 / 2016. It's only toward end of first session close, did the stock exceed its opening price indicating a probable return in buying interest. It's time investors wise up to the forces at work quickly and avoid the pitfalls in trade that follows a contra purchase and strictly adhere to buying stock and other securities using surplus money in hand so as to ensure they're in a better position to reap the full value from their said investment. As far as CAP is concerned, investors should be aiming for a reasonable tp range that correspond with its expected PE for FYE 2015 / 2016.

They expect to formalize an agreement in the second half this year according to earlier reports.

Many were glad to see the initial price breakout on Monday of 8 June 2015. Around 37 million shares exchanged hands in 3 hours and 40 minutes of active trade before market made a decisive move to enter a higher price territory. Although the average velocity rate at which the shares exchanged hands in a second was one seventh the rate of what was observed on Monday last week, it was nevertheless good enough to move the market comfortably into a higher price lane without damaging the rally momentum. Had the said acquisition rate been any higher the operators might be tempted to corner the market by flooding the market with a cheaper priced transactions within seconds a risky move which we know by hindsight could backfire and kill a rally prematurely no sooner than it started within half an hour like what they did last week. Thankfully, it did not. Even then it did not stop some parties from dumping another 3 million shares during the afternoon before giving way to a higher sale.

AT has been cheering for Xinghe for quite sometime as far as I can remember. Hadn’t it been for him and several others who have been keeping this forum alive, I’d reckon I too would’ve missed Xinghe.

At the same time, it’s great we can have discussions that either support or fall into dissent as we learn to rock the boat, challenge the status quo and hopefully temper each other’s expectations with hard reality while grounding our arguments in facts and sound reasoning.

No one can tell what the price will be tomorrow. But what we can reasonably deduce today is that the opportunity for entering a fundamental growth stock while it’s still cheap may not come knocking twice.

Xinghe is probably one of the few Cinderella stocks that have not received their fair share of coverage in mainstream analysts’ writings at CIMB. Once upon a time, Ifca too was outside anyone’s radar. But of the said two, Xinghe has the better commodity, revenue and profit story to tell.

All signs based on news report and Q1 results and audited annual report since last year indicate the company is growing and financially sound and is here to stay for the long term.

The recent Monday’s net stock acquisition rate we saw earlier this week was a good beginning of a race to play catch up with Q1 results – but it’ll probably be days or weeks from now before investors can expect to reap its full value.

Till then let’s stay focused on the big moment ahead of us and not allow ourselves to be too distracted by daily price movements – that may wax on some days and wane on others.


P/S Yeah bunnypro, I think it’s time more of us began blogging about it since there aren’t many security analysts writing about this stock yet. If I do find the time, I’d be happy to write them myself.

Notwithstanding the warrants being exercised, the increase to the total available shares is negligible. Based on the last quarter results reported as at 31 March 2015, the company's annualized EPS for FYE 2015 is expected to average at around 8 sen per share against outstanding shares of 603 million units. The entry of Credit Suisse as a major shareholder since late May and early June this year further affirms the company's stock is actually worth more than 60 sen per share which stands at a modest 7.86x its expected price to earnings ratio (PE) for the annualized FYE 2015. The company's proposed foray into rubber recycling business in Xiamen, China in partnership with Sekhar Research Innovations Sdn Bhd is a game changer and will certainly diversify the company's earnings in 2016. All considered I'd say a fair price for CAP ought to be between 70 sen and a ringgit per share - even if one assumes sales and earnings were to remain flat in 2016.

The fact an institutional investor such as Credit Suisse has taken a significant stake in CAP indicates the latter's price could be headed north.

Relax fellas. No cause for concern. The said director's shareholding is insignificant. A quick glance at the annual report in page 132 will reveal Ng Min Lin's aggregate shares as at 12 May 2015 were 21.4 million. Based on the latest notification to Bursa today, he had disposed 13.9 million shares between 6 and 8 June 2015, leaving a total of 27 million shares still in his hands. This meant he had been accumulating the new shares after 12 May 2015 or even as recent as last week in the hope of profiting quickly from their sale after Q1 results were published at Bursa last 29 May 2015.

Fancy seeing you here tkp1...we can always use an investor with eyes on the horizon ahead such as yourself...xinghe is like a seed which has yet to germinate...when the time's right...when market is ready to re-value it according to known facts and figures...anytime between now and March next year...it will break grounds and touch a new high.

Based on past PE trajectory, tp based on Q1 2015 results should rightly traverse between 24 - 95 sen per share and 14 - 85 sen per warrant. Much depends on how soon the market will wise up.

The spectre of Chinese 'too good to be true' stocks like I pointed before is blown out of proportion and do not apply to Xinghe whose audited fundamentals are as strong as if not better than CAP.

Apart from CAP, Xinghe has been in the news since March 2014 when it was reportedly the sixth largest edible oil manufacturer in China.

There was a good reason as to why Key West Global Telecommunications Berhad voted in favour of an RTO exercise by Xinghe's principal promoter. These fundamentals remain unchanged even today. In fact, they have broken new grounds with the latest Q1 2015 results.

The only reason it has yet to escalate is because someone or some people are brazenly cornering the market for the purpose of creating an artificially low priced environment in which they can accumulate a greater number of shares and warrants on the cheap.

A chance discovery by lclwyp has led us to conclude that persons unknown to us have been given exclusive passes to queue up orders even before 8.30am the standard time allowed for the rest of us to begin listing our orders.

This perpetuates an unfair incentive for the operators to repeatedly profit at the expense of the general market.

It's best Securities Commission and Bursa be notified to put a stop to these shenanigans that time and again prevent the general market from initiating or even sustaining a rally of its own that should have taken place last Monday of 1 June 2015.

Some may feel otherwise, but I feel an opportunity was lost and continues to be lost to this date as long as some of these operators are given unfettered access to queue orders before the 8.30am and so are able to beat the queue everytime market re-opens.

In fact, they're effectively stopping a rally from progressing to a new high through their stranglehold tactics.

Does this mean we will not see a rally soon in these coming weeks? The answer is a binary yes and no.

It's a yes, if market continues to believe that neither the news report nor financial results are worth the paper they're written on. Or no, the rally may begin earlier than expected the moment market wises up to the fact both the stock and warrant are grossly undervalued.

Let's hope reason will prevail in everyone involved so we may begin to see a more sensible trading season.

Measured in PE terms, Bintai should properly be trading at 70 sen per share or 11.8x its current quarter earnings which is still relatively cheaper than the price trajectory at JHM and Denko.

Always a pleasure reading your insight ozzie75...that's quite some sleuthing you've there.

Cheers…greedy44, gick891214 and AT…patience is key and all the more important now than ever...let’s keep watch as events unfold in days to come.

@lclwyp...Of course, I noticed that occur Tuesday morning after you drew attention a day earlier about some being given exclusive morning passes to queue their orders at Bursa even before the clock struck 8.30am. But your Monday snapshot will be useful as state's evidence against those rigging the system in order to cash in their profit (in the face of an imminent rally) before everyone else. It was a classic case of where everyone else was made to wait at the gates, whilst the favoured few were allowed a back entrance to sit at the tables and place a pre-order that had cleaned out all the best stuff in the kitchen. It's amazing no one has complained to the Securities Commission yet.

:) bunnypro. Any language is fine with me so long we aren’t afraid of speaking up. You're doing great yourself at communicating what's on your mind. That matters more than any language proficiency. But if you have kids try to send them for drama and speech class. They will learn the language quickly while expressing themselves with greater confidence, an area which I’m afraid our schooling system has been failing us for quite some while.

That, lclwyp is a damning evidence that some operators are allowed by Bursa to unfairly corner the market and profit at our expense. It'd be nice if you had taken snapshots of the same, who knows the same can be used to nail the culprits who not only rigged the system to favour a select few but torpedoed everybody's chances to ride what could've been a full rally last Monday.

Bunnypro, lclwyp is right. Initially, I though they were 'ghost' numbers - you know the fuzzy numbers that appear between 4.40pm and 4.50pm every day. The queue before 8.30 am is for real. It appears some are more equal than the rest. I'm sure your bank will have a funny reply when you ask them why.

lclwyp, try asking your bank what's their take on the matter. My bank had trouble explaining to me as if I had chanced upon something not meant for public consumption. I hope Securities Commission takes a strong stand and reprimands Bursa for what's clearly double standard in the marketplace.

It's unfair to the market that some select few are allowed to jump queue even before 8am. I'm told some remisiers have that capacity. It's time someone knocked some sense into Bursa. They're supposed to level the playing field for all not play favourites.

The ones who can't wait will sell early. Those who can will wait. Just like De Niro said in Ronin 'all good things happen to those who wait'. Hopefully, we don't have to wait long...:)

TTNTK, you might find some early clues in this report explaining why the fireworks have not begun. According to The Edge last 26 May 2015, investors were positioning themselves at the bottom so as to capitalize on price gains which they expect in coming weeks. Remember this news was published 3 days before the Q1 results were released. More at http://www.theedgemarkets.com/my/article/xinghe-1667-investors-go-bottom-fishing

There's always a flipside view of the coin. It's important we heard all sides before we make an informed decision. No one can predict how the market will turn. One thing is for certain fundamentals are not reflected in the current price. My hope just like everybody else here is that the marketplace will become more rational allowing us to buy and sell at a fair price. If only Bursa had adopted US standard in pushing for a greater market disclosure and fair coverage of companies, we would be dealing with a more rational market today. Till then, it's upto us all in the forum to inform each other on all pertinent facts and arguments and hopefully we will be more rational in investing in Xinghe and any stock for that matter.

By the way, TTNTK you have raised an interesting question between 1512hrs and 1525hrs yesterday. My bad – my mind was a bit tizzy watching the bursa screen and at any rate I knew my response then (at 1516hrs and 1530hrs) were clearly off the mark. And skyjuice2 made it a point to highlight the same to me.

Let me address them now. I’m sure all of you recall the curious event that took place on Monday morning the sell volume registered under 7.5 sen per share was fast depleting indicating demand was surging. Instead of appreciating to 8 sen per share which would ordinarily be the case in a normal rally, a group of sellers decided to make an about turn when market was clearly headed north and settle for a lower price of 7 sen per share while transactions for 7.5 sen per share was nearing the finish line.

It was a split second move as if the market decided to deliberately slow down all at once. The lower price queue volume commenced after a large block of transactions were executed within a fraction of second – the volumes were broken up into chains of varying lengths (perhaps the operators wanted to disguise the fact they’re acting in concert to manipulate the price).
To key all transaction within a fraction of second is humanly impossible unless they had the aid of a fancy algorithm to run an automated trade.

I have noticed this price backpedalling patterns emerge in other counters too. Not just Xinghe.
But this kind of price manipulation only works when operators have the upperhand against retail investors who are less informed or have yet to fully digest the facts reported.

The aim is to accumulate shares on the cheap. When the price doesn’t go any lower they will keep replenishing initially so as to get others to sell too.

When the market has stopped selling low, it’ll be easier for the remaining stockholders including those who have engineered a price pullback since Monday to push for a rally.

But for a rally to climb higher and sustain, existing investors must either remain invested or demand a better price reflecting current PE level.

The Chinese fear factor is overblown. None of the Chinese companies listed on klse were delisted. The only thing that came closest to spooking the market is CSL. That’s because they did not fully insure the plant. It’s poor risk management.

That’s one thing investors should be asking at AGM at Xinghe – in fact for all companies listed on klse – are the key business assets fully insured?

But otherwise, we should stick with known and published facts. Xinghe is covered by MIDF report and its proposed joint venture with Asfar and their being the 6th biggest edible oil manufacturer are reported in The Star and The Sun publications. Whilst Stephen Ng is reportedly a director and investor at Key West Global Telecommunications Bhd since 2011 long before Xinghe assumed its listed status back in April 2014.

For the benefit of those not acquainted with what took place in early 2014, Key West shareholders voted to pass the reverse takeover of the company by Testa Holdings Ltd, China which saw the latter injecting its edible oil business into the listed concern i.e. Henan XingHe Oil and Fat Co. Ltd that according to The Star ranks among the top six edible oils companies in China. The said RTO would allow Key West to assume all 91.15% stake held in Henan Xinghe through a HK subsidiary. The remaining 8.85% stake in Henan XingHe is owned by the Chinese Government-linked Henan Finance Bureau through its unit, Henan Agric Synthesis Exploitation Co. Following the RTO exercise, Key West is currently known as Xinghe. You may read on the rest of the report dated 26 March 2014 here http://www.thestar.com.my/Business/Business-News/2014/03/26/China-Testa-to-inject-edible-oil-business-into-Key-West/?style=biz

Unless investors demand and stick to a fair stock price of between 24 sen per share and 95 sen share (which translates into a corresponding price for warrants between 14 sen per warrant and 85 sen per warrant), market operators will continue to bottom fish.