adijas
5 years ago
Nocera, Inc. (OTC: NCRA) Announces Agreement to Produce 6,500 Tank Systems for Procare International Co., Limited
ATLANTA, Jan. 6, 2020 /PRNewswire/ -- Nocera, Inc. www.nocera.company (OTC: NCRA) a provider of design, build, and installation services of aquaculture (fish farm) equipment is pleased to announce that it has entered into a Project Contract with Procare International Co., Ltd. to produce 6,500 Recirculating Aquaculture System ("RAS") for a RAS fish farm development in Ru Hu, Guang Dong province. The production and installation of the 6,500 RAS tanks is expected to begin late in the 1st quarter of 2020, and extend over a 3 year time period. Based upon the current exchange rates, each tank has a contract value of approximately $18,000; with the estimated total contract value of approximately $117,000,000 over three (3) years.
Procare International Co., Limited based in Hong Kong is a company in the sales and production of audio speakers and related parts to Walmart, Radio Shack, and Amazon, as well as other companies. After seeing our demonstration site in China and the demand for fresh water fish, the president of Procare, Ms. Lee Chin Chu signed a master contract with Ru Hu township to invest and build a fish farm containing 6,500 tanks over the next 3 years.
Ru Hu is a township with a population of 52,000 and is located approximately 2 hours northwest from Hong Kong and Shenzhen. Guang Dong province is a coastal province located in southeastern China, and borders Hong Kong and Macau.
Currently, the Company is awaiting the initial payment before the start manufacturing. It is currently expected the initial payment will be received in late Q1 of 2020, and with an expected production and delivery of 1,000 to 1,500 tanks during 2020.
Management Commentary
Yin-Chieh "Jeff" Cheng, Chief Executive Officer, Nocera stated, "We are very pleased with the contract agreement. The President of Procare, Ms. Lee Chin Chu believes this investment is a step in the right direction for addressing China's food supply requirements through the development of sustainable fish farms utilizing RAS tank systems. China introduced its new clean water policy in 2017, resulting in the removal of all fish farms in public waters, including lakes and rivers. As a result, Chinese fish farm operators have been forced to move to tank based fish farms in order to sustain production. In 2018, we produced and delivered 473 tank systems to our Chinese customers. We expect that the long-term demand over the next several years in China to be more than 10,000 systems, and more than 16,000 systems worldwide."
$hellKing
5 years ago
This might turn out to be a Goldmine.imo More often than not these RS Roundups go 4 or 5 bucks bc no shares available. Will see if it can blow past the .60s. People still whacking out or have those 200 lots selling for nothing. Got Asians involved, RM, Low float, most shares restricted, surprised its not 1.00 at the very least now. Can get .50s it appears relatively easy.imo Hopefully this dude wants it at 2 to 5 bucks initially. People who bought in last time appear to just want out but I dunno...., seems like its worth the wait now bc all of the stuff is coming out. No point to me to buy and hold a RM play only to sell it for even RIGHT when the RM is happening.
today32
6 years ago
For those who don't know... Coral Capital buys dirty shells, cleans up the share structure, brings the filings up to date and then sells the shell to a company in a reverse merger.
I just called Coral Capital and spoke with the guy who is acting as the transfer agent for Nocera.
Here's what he told me:
1) 2.2m outstanding shares
2) Will be filing a form 10 in late April or early May.
3) He is personally heavily invested in this shell, both in time/effort and financially.
4) Wouldn't tell me if he already had a company to buy the shell, but did say that he's going to get a good quality company to go into it, no toxic funding companies.
Hope that helps =)
today32
7 years ago
Given the outstanding share count was 90.1m pre-split and the split was 1 for 40,000, that leaves roughly 2,250 full shares. I'm going to assume that there might have been say 250 sets of fractional shares that got rounded up to 1 full share, so that makes 2,500 shares post-reverse-split.
Then the 200 for 1 forward split occurred, making the outstanding share count roughly 500k.
Is that about what you came up with StockSeedGems?
Honestly the easiest way to find out for sure is to just call the transfer agent.