sino grandness - undervalued stock

it does not mean much.

If u could still remember China Essence, the CEO/Chairman forked out his own money to tide the company over one of the coupon payment to bondholders.

Look at China Essence now. trading at less than 1 cent. Its IPO price was 40 cents.

Huang, the CEO, bought 550,000 shares @ 28.18 cents on 6 March.

300,000 shares @ 26.5 cents on 9 March.

300,000 shares @ 26 cents on 12 March.

200,000 shares @ 24 cents on 13 March.

infopub.sgx.com/FileOpen/_eFORM1V2_HYP_1...cement&FileID=339007

Video of 2014 trade fair in Chengdu & CEO presentation.

v.youku.com/v_show/id_XNjk0NDM1NzIw.html

Video of highlights of the 2014 exhibition.

v.youku.com/v_show/id_XNzYxNzg4MTk2.html...-1-176.3.7-1.1-1-1-6

Finally, a vote of confidence from the Thai substantial shareholder. Soleado, a wholly-owned subsidiary of Thoresen Thai Agencies, bought 850,000 shares on Tuesday, March 24, @ 28.5 cents apiece. Total cost: S$242,250

infopub.sgx.com/FileOpen/_eFORM1V2%20for...cement&FileID=340406

www.marketwatch.com/story/china-stocks-m...us-bubble-2015-03-26

The 2 rounds of buying by the Thai substantial shareholders have injected much-needed confidence in the shares. I would guess that the Thai *(and CEO Huang) have a sharp idea of the progress and likelihood of the IPO of Garden Fresh. They could even have estimated the special dividend that could be paid out to Sino Grandness shareholders. If the IPO does go through, it is good. So far the company has not given us a more definitive picture of the progress of the IPO work. It's something that needs to be addressed by the company. Otherwise, privileged folks could be enjoying an opportunity to buy at 30 cents what could eventually be 70 cents.