This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Reverse Take Over (RTO) Field Of Dreams

SKIPPACK, Pa., March 16, 2011 /PRNewswire/ -- would like to invite investors to read the following column on  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 to see full article. Disclosure

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $247.54 -0.07%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs