Seih wow

[doyerdiligence]

what? can't understand the numbers? maybe you could stop following me about, you should stay on your own threads with higher and post about forthcoming news.
If you think my post is useless you don't need to post another useless one saying so. Money to be made, but ya blind bats can't see...

[BullMan]

LOL My IQ just dropped 40 points reading that last post from DOYER.  LOL    What Doyer you can follow Higherstocks around and talk chit for no reason to him, probally because you are jealous of him, but you cant take the heat when someone else does to you.  Man you are a pathetic 25 year old punk who thinks he knows chit.  Let me tell you something you dont know crap man I know guys like you you sit in your room probally still live with his mother and try to get rich playing the market but really does not know how to play the market.  You search high and wide at forums and try to catch stocks to make the big one.  Pathetic dude! And you made a comment about hiding behind the keyboards and monitors, man I would break you dude, You dont even know who you are talking to.  Anyway I just got to laugh because no one listens to you anyway Doyer if you only knew how hated you really were.  Its kind of sad anyways. 

[doyerdiligence]

What, are you jealous of my youth? Mad because you didn't have this type of insight when you were young? For you always saying no one listens to my posts, however you sure come back around a lot  re-posting your old tired opion. An opinion that is never market related, only ego driven.

[higherstocks]

What, are you jealous of my youth? Mad because you didn't have this type of insight when you were young? For you always saying no one listens to my posts, however you sure come back around a lot  re-posting your old tired opion. An opinion that is never market related, only ego driven.

Your youth comes out doyer putting your foot in your mouth.  You follow me around and do the same thing bullman is doing to you.  All I have for you is one word HYPOCRITE!

[doyerdiligence]

The Truth- didn't understand a word

The proposal was approved

- it was yesterday at shareholders meeting at 10:00 AM

Another meeting is about? Do you see anything significant coming?
Or better get out without loss?

Thanks for replies, nice talking to you

lana

i saw this reading over some filings - it might help explain the direction the shareholders and the company were looking to go in with the latest meeting approval...



On April 12, 2004 the Company's Board of Directors elected to be regulated as a business development company under the Investment Company Act of 1940. As a business development company ("BDC"), the Company is required to maintain at least 70% of its assets invested in "eligible portfolio companies", which are loosely defined as any domestic company which is not publicly traded or that has assets less than $4 million. As of December 31, 2005, the Company's has two portfolio investment which are Redwood Capital, Inc. and Sino UJE, LTD..
The Company has filed a Preliminary Proxy Statement, which it has not received final approval on from the SEC, to withdraw the Company's election as a business development company (BDC). The decision to withdraw as a BDC was based on the fact that the Company violated BDC rules of selling stock below Net Asset Value along with the adverse interpretations by the SEC regarding the acquisition of Sino from YaSheng. The Staff of the Commission believes that the agreement entitling YaSheng Group to maintain a 5% non-dilutive interest in the common stock of the Company gives YaSheng Group a senior position. This interpretation by the Commission could create instances where the Company would not be in compliance with Section 18 of the Investment Company Act of 1940, which requires that the Company maintain net assets to senior security coverage of at least 200%. The Company is not able to, or desirous to, void the acquisition of Sino so it has determined that withdrawing from a BDC will allow it to better focus on the operation of Sino and Redwood Capital instead of acting as a passive investor.

During the quarter ended December 31, 2005, Redwood Capital was in the process of closing one large reverse merger transaction. Redwood Capital will receive fees and stock for the services that it has performed in arranging these transactions. Part of these fees will come in the third and forth quarter of this fiscal year. Redwood Capital has a number of other clients in the pipeline and through its present and future deal flow will be able to repay all the money advanced to it this fiscal year as well as contribute a significant dividend to the Company.

Sino UJE, Ltd. has become cash positive and anticipates in the coming quarter commencing the repayment of the credit line of $591,267 that has been advanced to them by the Company.

[lana2b]

Hi, doyerdiligence

Thanks for the info

lana

[waxweazle]

here we got a support waiting for vol to get in!

[Ouch!!!]