China Solar & Clean Energy Solutions
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Posted: Wednesday May 21 1:25:51PM 2008
regarding point #2, insiders are prohibited from selling until june 2009, not 2008
Posted: Wednesday May 21 10:04:12AM 2008
I had looked at this one some time ago as well. Some of my concerns were:
1. "late filing" in April 2007
2. insiders who participated in June 2007 financing @$1.55 are free to sell next month
3. 1 million shares @$1.89 go up for sale in Jan/08
4. new financing @$2.40 in Feb 08; two months later 5.1 mil shares from this financing are put up for sale @$1.93; bizarre; that means two major overhangs
5. "late filing" April 2008
6. money cannot be repatriated out of China (ie. no dividends)
Posted: Wednesday May 21 9:41:56AM 2008
I am following this one but have not taken a position. I think the Q1 results were fair, but not outstanding. I think the market wants to see more organic growth. I think it is worth keeping on the radar.