Choi
3 years ago
I am doing proper d.d, outside of contacting the former directors. I never had access to any of Franks
correspondence, so how is one suppose to have any clue of the connection if they haven't talked to Frank for example?
Okay, suppose it's the director of
Panzhihua, Hongmei Sang, who allegedly owns 20% of that company. That's wonderful. You have a legitmate Ceo that has ties and owns a stake in a big company from China. But you still don't know how much of that company is coming in, or if any at that. It might be something entirely different. To assume otherwise is just speculation.
But if it is indeed the Hongmei Sang from Panzhihua, who owns 20% of that company, then you definitely have something there imso...
Best of luck...
selkhafif
3 years ago
So... First of all.. ALL of those RMs were done by very shady people. Meihux Xu was in charge of all of those. He is a well known scammer.
Look up the lawyer in charge of THIS reverse merger.
Old CEO / owner Frank told me directly to look up who the new CEO is and the SOLE board of directors that she is on.
Hongmei Sang, on the board of directors for Panzhihua Bingyang Technology Ltd. (that is the ONLY board of directors that she's on) She owns 24% of the company.
Also look into the lawyer John B Lowy... He has 40 years of experience with reverse mergers and is extremely well reputed.
Beite will most likely be their western name, as most westerners won't be able to remember or pronounce their chinese name. This is common.
Panzhihua has 110M in assets, 50M in revenues, and 10M in profits in 2021. Their net profits have increased exponentially YOY since 2019 thanks to reduced operating costs.
The closest comparison I can give is $MTRT, which also started from 0.10 - It hit $10 at its peak. Very similar in that the incoming company bought 70% of the company right off the bat, which reduces the need for any dilution.
Please, PLEASE do your PROPER DD on this before you make any assumptions and try to denigrate this stock.
Choi
3 years ago
More often than not, these chinese r/m in the otc don't turn out to be anything big. A lot of them turn out to be scams, over hyped, or share selling schemes. Plus things take longer as communication is always a barrier and Finra takes closer look at these which takes longer for them to process...
Just take a look at the most recent ones. (cglo, cdno, sbes, cnct, hdii and a whole lot more.)
https://bullandbearmcgill.com/the-reverse-merger-fraud-how-chinese-corporations-fooled-american-investors/#:~:text=In%20the%20late%202000s%2C%20hundreds,billion%20between%202009%20and%202012.
aljafy
3 years ago
https://www.otcmarkets.com/stock/AWSI/profile
Hongmei Sang is listed as CEO/CFO (previously it was Frank Neuperger). John Lowy is listed at the attorney and has experience in bringing Chinese companies into US shells.
https://www.bloomberg.com/profile/person/22653781
Sang is part of Panzhihua Bing Yang Technology.
https://www.dnb.com/business-directory/company-profiles.panzhihua_bing_yang_technology_co_ltd.e295167a36d178b3d1388e52499a2c37.html
Panzhihua Bing Yang Technology Co., Ltd. is located in Panzhihua, Sichuan, China and is part of the Other Nonmetallic Mineral Product Manufacturing Industry. Panzhihua Bing Yang Technology Co., Ltd. has 253 total employees across all of its locations. There are 3 companies in the Panzhihua Bing Yang Technology Co., Ltd. corporate family.
http://www.bingyangkeji.cn
Panzhihua Bingyang Technology Co annual FINANCIAL STATEMENT of 2021.
Here's the summary;
1. Total asset as of 2021 EOY = 692,339,828 YUAN ($108,771,289 usd)
2. Operating income as of 2021 EOY = 302,238,558 YUAN ($47,483,708 usd)
3. Net profit as of 2021 EOY = 58,776,728 YUAN ($9,234,218 usd)
Filings link:
https://stock.us/cn/filing/view/cn/08lgkozw
aljafy
3 years ago
Panzhihua Bingyang Technology Co annual FINANCIAL STATEMENT of 2021.
Here's the summary;
1. Total asset as of 2021 EOY = 692,339,828 YUAN ($108,771,289 usd)
2. Operating income as of 2021 EOY = 302,238,558 YUAN ($47,483,708 usd)
3. Net profit as of 2021 EOY = 58,776,728 YUAN ($9,234,218 usd)
Filings link:
https://stock.us/cn/filing/view/cn/08lgkozw
aljafy
3 years ago
No idea. Much chatter on it in Discord. Very quiet here which may end soon if we get a clue of the incoming company taking this shell.
https://www.otcmarkets.com/stock/AWSI/profile
Hongmei Sang is now listed as CEO/CFO. Lowy is a R/M specialist is what I hear.
https://www.bloomberg.com/profile/person/22653781
Could Panzhihua Bing Yang Technology be the company?
https://www.dnb.com/business-directory/company-profiles.panzhihua_bing_yang_technology_co_ltd.e295167a36d178b3d1388e52499a2c37.html
Panzhihua Bing Yang Technology Co., Ltd. is located in Panzhihua, Sichuan, China and is part of the Other Nonmetallic Mineral Product Manufacturing Industry. Panzhihua Bing Yang Technology Co., Ltd. has 253 total employees across all of its locations. There are 3 companies in the Panzhihua Bing Yang Technology Co., Ltd. corporate family.
http://www.bingyangkeji.cn
Do your own DD, this is all speculation so far.