Slojab
8 년 전
Curious where this is going. It has a pretty high mc ($140M) considering it's financials.
Pretty tough to consider pulling the trigger on it now.
3. Related Party Transactions
b) For the three months ended June 30, 2016, Sino Bioenergy owed its CEO, Hoi Ming Chan $36,451 for expense reimbursement and unpaid salary. As of June 30, 2016, Sino Bioenergy owed its CEO $36,451 and Daniel Mckinney $470,713 in expense reimbursements and unpaid salary
McKinney didn't earn it.
Slojab
11 년 전
There's hope for this company now. ( :
Sino Bioenergy Appoints New CEO
Sino Bioenergy Corp. (OTC Pink:SFBE) (Borse Berlin:3SF) today announced that it has appointed a new Chief Executive Officer to replace Daniel Mckinney who resigned from his position as Chief Executive Officer, President and Director.
The Company is pleased to announce that its Chief Operating Officer, Hoi Ming Chan has been appointed Chief Executive Officer and President of the Company.
New CEO, Hoi Ming Chan commented, "I am pleased to take the helm of the Company at this time of our exciting growth. Our Huizhou Biotech subsidiary will continue to work toward expanding production and sales throughout 2014. We anticipate delivering solid revenues and profits for Q4 and doubling our revenues and profits for 2014 by expanding its rice cultivation bases in China and overseas and via rice seed sales."
Ming Chan concluded, "We are grateful for the contributions of Daniel Mckinney for his eight years of service as CEO / director and for his tireless efforts and persistence in restructuring and cleaning up the Company to bring us to this current position of growth and profitability."
Mr. Chan is an inventor of new energy technologies and has a number of individual registered patents pertaining to environmental and energy applications.
SFBE is current in its reporting under the OTC Alternative Reporting Standard.
Slojab
12 년 전
I notice McKinney doesn't say a word about ASPZ in his bio. That's understandable.
But he should have proofread his accomplice's.
He is an inventor of new energy technologies, Mr. Chan has a number of individuals registered on the environmental and energy aspects of the new patented technology certificates, and participants are a number of waste disposal plant in China to build power generation projects work, keen on new environmental protection energy technology research and commercial applications many cities in China to establish new energy R & D and manufacturing base. At the same time, Mr. Chan is also good business operations and market development specialist, he was the world high-tech cooperation, market integration has a wealth of experience
Slojab
13 년 전
Sino Fibre Communications, Inc. (Pink Sheets:SFBE), announced today that it has signed a sales contract via its Dalian Xinbao Biomass Co., ("DBX") subsidiary for 15 Biomass Machines for US$25 million to Europe.
DXB also signed a sales contract to sell five anaerobic combustion gas generating system machines to Cyprus. The five sets of machines will use (refuse derived fuel) "RDF" produced from the olive oil extraction process and generate power through gas which can handle 12 tons per day per unit producing 264,000 cubic meters of biomass gas.
Through this system of five machines, it can generate 5,000 kw/hour of power at a total annual power generation of 43,800,000 kw, and can replace the use of 26,000 tons per year of standard coal and eliminate the carbon emissions derived thereof.
Further, a Letter of Intent has been executed for ten sets of Biomass Machines ordered from Greece. Each machine is of medium size with a capacity at 2,200 cubic meters of biomass gas per hour.
The 15 sets of anaerobic gas power generation systems can save up to 78,000 tons of standard coal, which is equivalent to the reduction of carbon emissions. Through the utilization of olive residue, a by-product obtained from the olive oil extraction process, it can solve the problem of olive oil residue waste disposal and convert it into renewable energy and thus into power generation. The production capacity of the factory is 100 sets of machines per year, representing a sales value of approximately USD 200 million.
Daniel McKinney, CEO of Sino Fibre, commented; "This sale vindicates the recent acquisition of DBX and the revenue will provide a strong foundation for SFBE. It also demonstrates the execution of our business plan and the cutting edge direction for our biomass energy and business opportunity."
The Company is working towards getting the financials and SEC filings current.
protagonist
13 년 전
Slo,
Trying to look at your comments objectively, probably the most pertinent point to the contrary for the shareholder, is that the company bought out by SFBE must have felt that a valuation of 22 cents for SFBE was an appropriate valuation for SFBE, otherwise why would they ever accepted so few shares.
The other things one might imply would be as follows
#1 there is likely a provision to buy the remainder of the company at an even higher price (for fewer shares yet).
#2 the company bought out must feel their technology can be not only synergistic with SFBE but accretive to the bottom line, which ultimately will increase their profit or ROI.
#3 the current price of 8 or 9 cents is an absolute steel.
Again trying to be objective here. I think when investing it is always wise to neither LOVE or HATE the stocks you follow. Just here to make money.(: When you lose your objectivity you will make bad decisions either losing money invested or missing out on an opportunity to make lots of money.(:
Personally IMO, I think this will be big a winner not only short term but long term.
Slojab
14 년 전
It's called an LOI, Dan.
Sino Fibre Communications, Inc. (OTCBB:SFBE), announced today that it has executed a contract to acquire 100% of Champion Great Limited "CGL."
CGL owns 70% of Zhejiang Jin Hua Yi Xin Technology Co. Ltd ("ZJH"), which owns 100,000 sq. meters of land and is in the process of building a 50,000 sq. meter (538,195 sq feet) factory. The appraised value of Zhejiang Jin Hua is RMB350 million (USD 53 million). The construction of the factory will be based on the design of Hebei Fuhua Group and will apply its technology in waste treatment and conversion. Jin Hua City is located at central Zhejiang Province with a population of 4.6 million and an area of 10,918 sq. kilometres. Total waste collected is approximately 6000 tons a day for that city. ZJH has agreement with the city government to construct a waste treatment plant handling 1000 tons of waste each day in the initial stage. The acquisition price will be RMB140 million (USD 21.53 million) with shares of SFBE based at USD0.2/share, which is approximately 107.69 million shares.
Daniel McKinney, SFBE Chief Executive Officer, commented on this acquisition, "This deal is important to us as we can use the patented RDF technology acquired recently in our last acquisition and consolidate all the revenues into SFBE as we are purchasing 70% of ZJH."
The Company also confirmed that it has already retired 112 million of the 140 million shares back into the Company treasury issued pursuant to the terminated ECL acquisition. The remaining 28 million will be retired shortly.
Slojab
14 년 전
Just to refresh everyone's memory on the last "acquisition" they "closed on", here's the pr announcing it. This is the same company that they're now telling you they didn't actually "close" on, after all.
HONG KONG, Oct. 15, 2010 (GLOBE NEWSWIRE) -- Sino Fibre Communications, Inc. (OTCBB:SFBE) announced that it has closed an acquisition to acquire 50.1% of Europe-China Commercial Union Holdings Ltd "ECL" for US$100 million.
The consideration for the $100 million acquisition was 400 million SFBE shares ($0.25 per share) representing 140 million SFBE newly issued shares (valued at US$35 million) and a promissory note for 260 million SFBE shares (valued at US$65 million). ECL indirectly holds a 70% interest in approximately 70 sq. kilometers of leased land in Inner Mongolia Province, China. The land rights expire on 31 December 2049.
Daniel McKinney, CEO of Sino Fibre, commented on this new business; "This acquisition is a major turning point in the history of our company and propels us into the high growth arena of bio-energy, bio-diesel, wind and solar farms in China. With our large land resource in Inner Mongolia, the company can develop multiple streams of cash flows in this high growth, green sector."
The company will be appointing new management and board of directors, as well as changing the company name to Sinobioenergy.com. Please see: www.sinobioenergy.com
europtiger
14 년 전
here we are @ bottom,i would not mind to have such a chart as here :
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=OTCBB%3AELRE&s_ok=Get+Chart&period=6&drawmode=0&size=19&volume=1
a company u blame !!!
i dont have much,but my 250k i will vbe able to sell,and if it happens so far up,no prob hehe
no worries,i will sell before 8$ no advise needet,i´m old enough,dont need any kind a "samarita" here lol
euro
Hot Features
프리미엄
무료로 등록하여 실시간 주식 시세, 대화형 차트, 실시간 옵션 플로우 등을 받아보세요.
Watcher31
8 년 전
stocktrademan
8 년 전
NITE/$TOCKER
12 년 전
