PR Newswire: news distribution, targeting and monitoring
2014

The Reverse Take Over (RTO) Field of Dreams

Share with Twitter Share with LinkedIn

SKIPPACK, Pa., March 16, 2011 /PRNewswire/ -- GeoInvesting.com would like to invite investors to read the following column on http://blog.geoinvesting.com.  Here are a few excerpts from the article:

We have been adamant that in order for the ChinaHybrid space to flourish, companies need to abandon silly capital raises at asinine P/E multiples.  Instead, during  2010 and into 2011 many ChinaHybrids have scurried to the deal flow ticket window to take a ride on the dilution train that left the station in 2009 – even companies like Telestone Technologies (Nasdaq: TSTC) and Zst Digital Networks that had clearly hinted they wouldn't.

We get the sense that many Chinese RTOs want to attempt to raise funds before the completion of year end audits, private due diligence investigations and SEC probe activities that could potentially expose less than savory company behavior.  ShengdaTech is a case in point.  On December 9, 2010 the company announced a convertible note offering, despite the fact that it allegedly has $120 million in the bank.  Well just yesterday, the company issued a press release announcing that it had appointed a special committee of the Board of Directors to investigate potentially serious discrepancies and unexplained issues relating to the Company and its subsidiaries' financial records identified by the Company's auditors.  The stock has been halted.

China Integrated Energy tapped the equity market as it headed into 2011, despite a "healthy" cash balance.  Sinohub (NYSE Amex: SIHI) just jumped on the dilution train this morning.  The SEC needs to define a new set of rules that govern the Chinese RTO capital raise process.

Please visit http://blog.geoinvesting.com to see full article.

GeoInvesting.com Disclosure

You agree that you shall not republish or redistribute in any medium any information on the GeoInvesting website without our express written authorization. You acknowledge that GeoInvesting is not registered as an exchange, broker-dealer or investment advisor under any federal or state securities laws, and that GeoInvesting has not provided you with any individualized investment advice or information. Nothing in the website should be construed to be an offer or sale of any security. You should consult your financial advisor before making any investment decision or engaging in any securities transaction as investing in any securities mentioned in the website may or may not be suitable to you or for your particular circumstances.

Web site: http://www.geoinvesting.com/

SOURCE GeoInvesting.com



RELATED LINKS
http://www.geoinvesting.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release