sweetonsubaye
13 years ago
I'm not so sure, its definitely worth watching, even as a political indicator
In general china is competing on 19th and 20th century technology, the best is yet to come for the country, they do their best to put on a good show, but the bullwork of their economy has yet to be brought up to western standerds
I think that, getting back to subaye, its important to point out that there is an obvious bet, which to some is an obvious looser, however, as far as the sec is concerned, there must be a bet else activity in the stock will come under a different type of scrutiny since there is no information coming out of the company
sweetonsubaye
13 years ago
Subaye, Inc. (PK: SBAY): Update to ShareholdersHong Kong, July 13th, 2011 –
The new management of Subaye, Inc. (“Company”), has been devoting extensive time and
efforts into the search for and identification and collection of the Company’s assets and
business and financial records, all of which were under the exclusive control and possession
of former management. These efforts by the Company have been somewhat frustrated and
delayed by the difficulties resulting new management’s inability to locate and communicate
with the Company’s former management. In this regard, legal counsel has been retained and
instructed to pursue former members of the Company’s management, demanding immediate
and unrestricted access to all assets and records of the Company.
While vigorously pursuing former management, through several means and methods, to
obtain a full accounting of all assets and operations, as well as an immediate hand-over of
all Company assets and records, new management has also undertaken vigorous measures
to contact and survey the Company’s existing customer base and to determine the current
status of users and members of the Company’s website and services, all in a determined
effort to preserve and protect the Company’s business and operations.
The new management of the Company will keep the financial community and shareholders
advised of new developments in these regards.
Disclaimer:
Forward-Looking Statements Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on current expectations, estimates and projections about
Subaye, Inc.'s industry, management's beliefs and certain assumptions made by management.
Readers are cautioned that any such forward-looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and assumptions that are difficult to
predict. Because such statements involve risks and uncertainties, the actual results and performance
of the Company may differ materially from the results expressed or implied by such forward-looking
statements. Given these uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements. Subaye, Inc.'s operations are conducted in the People's Republic of
China ("PRC") and, accordingly, are subject to special considerations and significant risks not typically
associated with companies in North America. These include risks associated with, among others, the
political, economic and legal environment and foreign currency exchange. The Company's results
may be adversely affected by changes in the political and social conditions in the PRC and by
changes in governmental policies with respect to laws and regulations, anti-inflationary measures,
currency conversion, remittances abroad, and rates and methods of taxation. Other potential risks
and uncertainties include but are not limited to the ability to procure, properly price, retain and
successfully complete projects, and changes in products and competition. Unless otherwise required
by law, the Company also disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions to the forward-looking statements
made here. Readers should review carefully reports or documents the Company files periodically with
the Securities and Exchange Commission.
For more information, please contact:
Alexander Holtermann
Chief Executive Officer
at: info@subayehk.com
sweetonsubaye
13 years ago
if it was real, why would things have gone the way they have gone?
this is the 64 thousand er i mean million dollar question: Ive seen this before, when a stock goes down there is always someone that stands to benefit, in sbays case is it just the 3d party shorts?
test the insider short theory, insiders have to maintain control to make it work, and insiders have to decide whether to scrap the company or is there a chance to make even more money by keeping the company intact?
first ask what is the company offering, a catchy brand, anyone that has studied the company can see that. allegedly cloud computing. i can believe it because where the company is from. an angle on cloud, that is video, this is where the real heavy data lifting is.--that they want to keep the company intact then is a no braner
do they want to rip off shareholders and sell the company (perhaps to themselves)? well apart from the fact that just about every BOD out there has had this cross their mind one time or another, that's kind of moot, but on the otherhand, they did work hard for the nasdaq listing and it was not a pure rsm by any means--after all deng is still in the game
is there a difference between insiders illegally selling shares to make profit and shorting? technically of course yes insiders can dodge reporting requirements either way though both ways damage the company, shorting is more damaging and self-fullfilling and requires much more control of the company post pump to insure that there would be no need to cover not so with just selling shares outright.
look for a moment at the alexa numbers, if one takes them as gospel, you would have to come to the conclusion that italians either have a vibrant chinese community second only to china or that the stock is being shorted hand over fist. but wait, we have the "MAP" and the map only for the first time has shown that there are visitors at this ihub board, and overall they comprise less than 3 percent of the total number of visitors to date. hence i conclude that the alexa italy numbers are majorly cooked, and if that is the case, alexa is just wrong on china too, question is whether this is a good kind of wrong or a bad kind of wrong?
who's left to short the, stock if not italy(talking insiders--had to treat italy as such because of the high alexa numbers)? china v germany, china hardly shows up on the "map", so i'd say chinese insiders are not shorting. What about Germany? well they are the second most significant country and HOLTERMANN is german and now he controls the company--he is a 40-something year old guy w/ that kind of pedigree going to throw it all away by being a fox in the hen house?--I don't think so but he might if he's a brazan fool
typically all but a few of the deepest insiders drink at least some of the kool-aid and in a criminal enterprise those that are short insiders would not even suggest to their best friend to short their company, so if profit was made by those close to insiders it would have to be from selling shares high--period. I just don't think again that holterman would put his neck out on the chopping block to benefit even himself.
my thinking rules out insider shorting but not sloppy insider profit taking. crane on the otherhand, i don't consider to be an insider (anymore) he could have leaked info to short the stock to this friends. But they would be very careful
so without rambling on much further, i don't buy into the idea that holtermann is overqualified to the point that all he can do is be either a crook or a hypester--hence the german map numbers are newcomers that are betting on holtermann from a quasi-insider point of view
this leaves 3d party shorts seizing the moment in a thinly traded stock, remember what warren buffet has said, he'd flunk anyone that can value a .com, that is a good as a thesis as any for the shorts to go after this
now lets look at the this from the most sinister point of view then, INCEPTION, a popular movie with a powerful message, if you have power, people will try to influance you and yes even deceive you, and where and when? not so much by crane, put more likely through him, you see the company was shopping wallstreet, and crane was providing "feedback", which was no doubt, sorry bud, you need a big 4 auditor for us to even look at you. this was the two edged sword, meaning if you are fool enough to ask us your stock deserves to be shorted if you are fool enough to follow our advice.
look at the company's history, this otc.bb has had dozen's of deals over the past 10 years even if they were squeeky clean it would still be a friggn mess for auditors to consider, something lots of investors might not consider.
there has been talk that pwc never got nothing, well if that was the case then how did they come to the conclusion that the company was not properly delineating between vendors and customers? This is a case of the not ready for primetime players from the corporate point of view, does that mean that they don't have a viable operation, no, it only means that they have no choice to be less profitable if they want to be a company that is popular in investors eyes--they have to choose to implement controls that cost money to implement--in a way, for small companies unfamiliar with the process it ammounts to a form of extortion, if you want to run w/ the big boys you have to payup, pwc i'm sure wanted a fortune to "sort things out", guys like deng don't get that (kind of crap) and hence they went into f-it mode
hence in essence, holtermann's job is not just to run the company (something he'll get lots of help with), but also to mediate between wall street and core management--which of course is a one way street, holtermann has to convince them that they have to do things a certain way, no more anything goes on the control and audit side of management.
did the company tout, yes, no doubt, but in my oppinion its a matter of degree than pure wishful thinking. That is they are pumping oil have big reserves but are touting outflow more than they should since they are also providing oil services because they honestly think they will catch up, very frankly, given this is china and they are marketing a video cloud product i think this is a far assumption
often times management that plays such games gets burned, but often times it goes undetected because their theory that they would "catch up" is correct, bernie madoff could never catch-up, these guys could have if only they would not have moved to a big 4 auditor so fast, now they have their pants down and holtermann is there to pull them up, or better to convince them they need a new pair of pants all together in the mean time hopefully they are continuing to market and sell their cloud product--it was a big change their pricing strategy and that is what probably more than anything convinced the shorts that there would be a problem gaining retaining customers
china is gowing in everyway and though most don't know it yet, the cloud is an ideal cost savings technology but they will and i'm betting subaye will be aroud to share in the spoils in the not to distant future
sweetonsubaye
13 years ago
bradford, if its a fraud, they why is the only 1 dot on the location map in china? how could they have benefited from a failed auditor upgrade if chinese insiders are not shorting the stock?
does the company have a cloud product, i believe it does, did they recently pour 20,000,000 into growing the company, i have not seen any evidence for that, so that is in your favor, is it 0% legit no, is it 100 % legit probably not, where in between does it exist?
considering that they are hiring i'd say its 50%, if the company can pull off 50% of what they have promised they will be able to snap out of it eventually and im a buyer.
that's why ive set up the map, to help all investors spy on what is happening overseas and here at home, the more people come here from the US, the more likely overseas short-sellers will keep this page on their radar, in fact if they are short they will not be able to resist
my credo is never 100 percent give up on a stock, stay away yes, hate the stock yes, keep an eye on a potential change--have to if you want the greatest gains
fyi, abat had a director resign over 5 years ago because the company is a fraud--they turned out to be dead wrong--on the other hand i'm not real fond of the abat ceo--he's clearly a crap head, bottom line, to say this kind of stuff doesn't matter because one lost money is short sighted--it does matter and watching and waiting can be the key to huge gains especially when the market has something significantly wrong
re holtermann, is he the fox in the hen house?, his resume does not suggest such, does he have a mountain to climb--yes!, has previous management had their dix knocked into the dirt--definitely! hence its worth watching, ty for bothering to post and for not laughing about all the money longs have lost