Otcinvesting
9 years ago
$EFUT RESEARCH: THE FLOAT IS NOW UNDER 293,170 Shares! Shiji Coninues to Buy Shares in the Open Market! Of Course Volume is Low, There are NO MORE SHARES ( CLICK ON YAHOO FINANCE KEY STATISTICS )
Shares Outstanding5: 4.86M
Float: 293.17K Last week the Float was around 584,000 shares which means Shiji just bought almost another 300,000 shares!!!
YAHOO FINANCE KEY STATISTICS
The # of Shares Sold Short, as of November 30th 2015 was about 84,000 which is probably well over 100,000 by now. That means there will be a SHORT Squeeze over $20.00 and a Tender Offer will compound the damage to shorts.
This stock will shoot up on the next filing, which will likely come in days and I EXPECT their to be a Tender Offer for the remaining shares which will likely be north of $25.00 based on the fact that they made a public announcement that they were buying a firm for around $100 Million which fits E-Future's decription.
So we know they bought about 3 Million shares at an average price of about $9.00 = $27 Million/ That leaves another $71,460,000 in CASH per the link below to be divided up X around 2.8 Million Shares = $25.52 / SHARE (FIGURES IN ROUGH ESTIMATES) and compound that with about 100,000 shares short, and the stock will likely trade north of $25.00 on AN ACTUAL TENDER OFFER - That will make this trade like MARTIN SKHRELLI'S BIOTECH SHORT SQUEEZE PLAY
SEE LINK BELOW
www.reuters.com/article/idUSL3N13R3QD20151202[tag]BRIEF-Beijing Shiji to acquire info tech firm for 630 mln yuan
Dec 2 Beijing Shiji Information Technology Co Ltd
* Says in deal to acquire info tech firm for 630 million yuan ($98.46 million)by cash[/tag]
MOST RECENT FILING
http://ih.advfn.com/p.php?pid=nmona&article=69621772
Based upon 4,858,651 Ordinary Shares issued and outstanding as of September 30, 2015, as disclosed in the Issuer’s Form 6-K/A, filed with the SEC on November 23, 2015.
Percent of Class Represented By Amount In Row (11)
56.49%*
On December 7, 2015, Shiji HK acquired 290,691 Ordinary Shares in secondary market for an aggregate purchase price of $3,244,873.55, including brokerage commissions and fees (the “Purchase Price”), or approximately $11.16 per Ordinary Share on average. As a result, as the date hereof, Shiji HK owned 2,744,657 Ordinary Shares, representing 56.49% of the total outstanding Ordinary Shares. The Purchase Price was funded by working capital of Shiji HK, which in turn was obtained from the working capital of Beijing Shiji.
http://ih.advfn.com/p.php?pid=nmona&article=69475590
Based upon 4,858,651 Ordinary Shares issued and outstanding as of September 30, 2015, as disclosed in the Issuer’s Form 6-K/A, filed with the U.S. Securities Exchange Commission (“SEC”) on November 23, 2015.
Percent of Class Represented By Amount In Row (11)
50.51%*
From November 16 to 23, 2015, Shiji HK has acquired 2,453,966 Ordinary Shares in secondary market for an aggregate purchase price of $16,750,509.61, including brokerage commissions and fees (the “Purchase Price”), or approximately $6.83 per Ordinary Share on average. As a result, as the date hereof, Shiji HK owned 2,453,966 Ordinary Shares, representing 50.51% of the total outstanding Ordinary Shares. The Purchase Price was funded by working capital of Shiji HK, which in turn was obtained from the working capital of Beijing Shiji.
THIS IS NOT A RECOMMENDATION OF ANY KIND TO TRANSACT IN THE SECURITY MENTIONED ABOVE. THIS IS DATA THAT I COMPILED WITH PUBLIC FILINGS AND PUBLIC FINANCIAL SEARCH ENGINES. EVERYONE IS RESPONSIBLE FOR MAKING THEIR OWN INVESTMENT DECISIONS. RESEARCH AND DO YOUR OWN DUE DILIGENCE BEFORE DEPENDING ON ANOTHER PERSONS OPINIONS AS STATED ABOVE. I AM NOT GIVING FINANCIAL ADVICE BUT AM, PRESENTING THE INFORMATION THAT IS PUBLICLY AVAILABLE.
EVERYTHING I STATE IS SOLELY MY OPINION BASED ON MY PERCEPTION OF WHAT I WAS ABLE TO FIND FROM PUBLIC REFERNCES
FIERCE
9 years ago
Beijing Shiji HK has controlling interest in $EFUT - Beijing Shiji HK currently has a $36,410,000,000 market cap on HK exchange.
From November 16 to 23, 2015, Shiji HK has acquired 2,453,966 Ordinary Shares in secondary market for an aggregate purchase price of $16,750,509.61, including brokerage commissions and fees (the “Purchase Price”), or approximately $6.83 per Ordinary Share on average. As a result, as the date hereof, Shiji HK owned 2,453,966 Ordinary Shares, representing 50.51% of the total outstanding Ordinary Shares. The Purchase Price was funded by working capital of Shiji HK, which in turn was obtained from the working capital of Beijing Shiji.
November 16, 2015
1,443,628
$6.37
November 17, 2015
127,518
$6.32
November 18, 2015
465,775
$6.93
November 20, 2015
4,750
$6.48
November 23, 2015
412,295
$8.45
http://www.sec.gov/Archives/edgar/data/1329365/000094787115000857/0000947871-15-000857-index.htm
Please notice this is the first time Beijing Shiji HK has filed anything on SEC Edgar!
FIERCE
9 years ago
Notice how they skipped 4 days before the SEC filing. This coincided with 4 red days. I believe they only had to report within 10 days by the regs.
From November 16 to 23, 2015, Shiji HK has acquired 2,453,966 Ordinary Shares in secondary market for an aggregate purchase price of $16,750,509.61, including brokerage commissions and fees (the “Purchase Price”), or approximately $6.83 per Ordinary Share on average. As a result, as the date hereof, Shiji HK owned 2,453,966 Ordinary Shares, representing 50.51% of the total outstanding Ordinary Shares. The Purchase Price was funded by working capital of Shiji HK, which in turn was obtained from the working capital of Beijing Shiji.
November 16, 2015
1,443,628
$6.37
November 17, 2015
127,518
$6.32
November 18, 2015
465,775
$6.93
November 20, 2015
4,750
$6.48
November 23, 2015
412,295
$8.45