Post by
Junit on Oct 11, 2011 12:45pm
Quick shake out before power hour!
looks like there trying to shake some players out on this little dip. Looking for a good sized buy to clean .15 then we almost gap right back to .18. This news is huge and I think big players are going to try and grab some blocks before the end of the day as the percentage gain is sure to bring a lot of attention to the news. Jmho Rory
Comment by
peskypierre on Oct 11, 2011 2:08pm
Never heard of this before today and will appreciate information from those who have followed the story but the Chinese company appears huge and global and with 50 million shares out SBS with a market cap of 50 million is a buck a share. AmI missing something?
Comment by
jerrio78 on Oct 11, 2011 3:16pm
The fact they mentioned Sino-forrest in the news release may be whats scaring people away.JMHO.
Comment by
peskypierre on Oct 11, 2011 3:27pm
It says Sino foreign equity and SBS gets 30% of revenue generated by the joint venture. Tesli is a multi billion dollar Chinese pharma putting up all the upfront cost Given the small share structure of SBS how can this go anywhere but up?
Comment by
skyeranger2 on Oct 11, 2011 3:28pm
There's no mention of Sino-Forest, it's Sino-Foreign Equity Joint Venture.
Comment by
peskypierre on Oct 11, 2011 3:32pm
And the point is why does a huge Chinese Pharma partner with a Canadian microcap biotech and put up the up front money?