Sino Grandness

[chinafarmer]

Tks the Moderators for their hard work..

Sometimes, it could be the work of one "BIG Mastermind" behind the scene asking various forumers to post the various views (e.g. one asking an innocent question and another one attempting to reply it). This way, it would seem as if the forum is well patronized and discussed but actually, it is just the manipulation of that one big master mind. Since the forumers are using different IP addresses, there is no way for the moderators to "catch" this type of situation.

tks.

Moderator log:

Moderators have discovered and reasonably confirmed, two accounts belong to a same person in this thread. One of the account has been banned.

Thank you

Regards
Moderator

Would it be better to reveal the names of the duplicate accounts so we could make better judgement of the past and future content that he posts?

Thanks for the vigilance.

VB encourage buddies to focus on the content, rather than the person behind it. Moderator will do the job to filter the "noises". Revealing the names, will divert the focus unnecessary, and will waste our valuable time.

Thank you

Regards
Moderator

I agree that the focus should be on content.

As such, for the benefit of the users reading the content, the Moderator should at least flag out if the duplicate accounts were supporters of the loquat or raising red flags. More importantly, what was the content that these duplicate accounts were publishing?

[roxhockey]

Guys, simple question - why is it so hard for them to get this IPO started? An IPO is a process that is solely in their control to prepare and execute - whether the price is good depends on the market but even that seems reasonably supportive. If the company is motivated to get this done surely they could have a prospectus and financials ready to go by now? Is there any reasonable explanation I'm missing?

Hi roxhockey

From my limited understanding based on what I read, the IPO is done by their sponsor and totally out of Sino Grandness control. Oldman thinks that the management will act only when instructed by their sponsors. Step by step. Maybe other forum members can help clarify.

oldman9

Not the case - the manager will advise the client what to do and it is the client that makes the decision. The only exception be if they refused to do the business for compliance, reputational or other reasons..

[CityFarmer]

I agree that the focus should be on content.

As such, for the benefit of the users reading the content, the Moderator should at least flag out if the duplicate accounts were supporters of the loquat or raising red flags. More importantly, what was the content that these duplicate accounts were publishing?

This is the last update on the moderation.

The posts from both accounts are in favour of the company. It is more of a mischievous act, with minimum harm.

Let's re-focus back to the company topic.

Thanks

Regards
Moderator

[CityFarmer]

Many here are also behaving like mini Iceberg, it make me wonder if you are not vested, talk so much for what? Even if the company gone bust or share price sky rocketed, it also make absolutely no different to your pocket.

The statement is flaw, IMO, at least in the context of VB forum.

The purpose of VB forum, is sharing. Sharing of experiences, sharing of views, skeptics, doubts, and etc. This include those non-interested-parties.

In fact, I am interested on view from non-interested-parties. As you said, why bother, since no difference? I reckon the only reason is willingness to share.

[specuvestor]

^^ Agree on this... that's what made VB great with different types of view. If only those vested are talking, we know what it leads to.

And the moderator done a great job moderating. In fact instead of silencing those who are mischievious with multiple accounts, in many occasions one of the account is left open. I think this shows remarkable tolerance of free speech much more than what others supposedly believe in... "free speech only if it serves one's purpose"

[chinafarmer]

Many here are also behaving like mini Iceberg, it make me wonder if you are not vested, talk so much for what? Even if the company gone bust or share price sky rocketed, it also make absolutely no different to your pocket.

The statement is flaw, IMO, at least in the context of VB forum.

The purpose of VB forum, is sharing. Sharing of experiences, sharing of views, skeptics, doubts, and etc. This include those non-interested-parties.

In fact, I am interested on view from non-interested-parties. As you said, why bother, since no difference? I reckon the only reason is willingness to share.

Thank you CityFarmer for your belief that there are some who post with no vested interests but with good intentions to share and help. Bluechipfan, despite what you have written, not all are motivated by money.

I have no vested interests short nor long since the day I have posted till now.

[leeeta]

Guys, simple question - why is it so hard for them to get this IPO started? An IPO is a process that is solely in their control to prepare and execute - whether the price is good depends on the market but even that seems reasonably supportive. If the company is motivated to get this done surely they could have a prospectus and financials ready to go by now? Is there any reasonable explanation I'm missing?

Hi roxhockey

From my limited understanding based on what I read, the IPO is done by their sponsor and totally out of Sino Grandness control. Oldman thinks that the management will act only when instructed by their sponsors. Step by step. Maybe other forum members can help clarify.

oldman9

Not the case - the manager will advise the client what to do and it is the client that makes the decision. The only exception be if they refused to do the business for compliance, reputational or other reasons..

From my previous post (link), I mentioned that Sino Grandness
>> have engaged professionals to handle the IPO
>> have just incorporated two companies as required of the IPO process. If they are not keen on the IPO, they would not have bothered and do nothing.
>> according to the process, the sponsors will next work on the File making and proceed to submit the application.

Recently Sino Grandness engaged Euromoninor to do a market survey and it is my believe that they will use the market survey data for the IPO prospectus. The report from Euromonitor should be out anytime soon. Based on WantWant IPO's prospectus ,on pg 48, Wantwant stated that they engaged AC Nielsen to provide market survey data and they also used public information from Euromonitor in their submission.


From the recent developments, it is quite clear to me that they are working towards the IPO. The question is whether Sino Grandness will be on time to submit the application.

According to the business times article dated March 13-14, Sino grandness is aiming to complete and submit the necessary paperwork for the application to the stock exchange before July, ahead of the Convertible bond due date.. so lets wait and see.

[roxhockey]

But why leave it so late? They have had so much time, why leave it until now to get things started? Wouldn't it have been much better to have everything prepared and then you can launch the IPO when the market is favourable?

Now they are running the risk of running out of time should something take longer than expected or the IPO window closes for whatever reaaon...

I just cant see any good reason why theres even a question as to whether theyre prepared for the IPO? This should have been locked in.

[budgetier]

Many here are also behaving like mini Iceberg, it make me wonder if you are not vested, talk so much for what? Even if the company gone bust or share price sky rocketed, it also make absolutely no different to your pocket.

The statement is flaw, IMO, at least in the context of VB forum.

The purpose of VB forum, is sharing. Sharing of experiences, sharing of views, skeptics, doubts, and etc. This include those non-interested-parties.

In fact, I am interested on view from non-interested-parties. As you said, why bother, since no difference? I reckon the only reason is willingness to share.

Thank you CityFarmer for your belief that there are some who post with no vested interests but with good intentions to share and help. Bluechipfan, despite what you have written, not all are motivated by money.

I have no vested interests short nor long since the day I have posted till now.

Hi. In mid March, Business Times reported that Sino Grandness planned to start selling its Garden Fresh brand of fruit juices in Thailand by the 2nd half of this year, with the Thai investors as the distributors. In the latter part of March, the Thai investors purchased substantial shares of Sino Grandness in the open market. I am inclined to view the 2 developments from the perspective that the Thai investors were executing their plans to be strategic investors from the onset and demonstrating their confidence in Sino Grandness despite the sharp fall in the share price since the time they first invested. I take confidence from these developments, but this may be because I am vested having some shares in Sino Grandness. I would appreciate it if you would share your assessment of the developments, having no vested interests in Sino Grandness. The views of other non-vested parties or even vested parties are certainly welcomed as it is always refreshing to have objective and constructive assessments. Thank you.

[leeeta]

But why leave it so late? They have had so much time, why leave it until now to get things started? Wouldn't it have been much better to have everything prepared and then you can launch the IPO when the market is favourable?

Now they are running the risk of running out of time should something take longer than expected or the IPO window closes for whatever reaaon...

I just cant see any good reason why theres even a question as to whether theyre prepared for the IPO? This should have been locked in.

Blame the HK ipo process and policy changes in late 2013. Guess, a lot of ipo managers have to readjust their strategies/plans in light of the new policies. The new policy requires that everything must be completed before companies can submit the forms. Stringent checks are also required to be performed and for Sino Grandness, 60-70% of their 200+ distributors have to be interviewed. All that takes time.