The more I have researched the Ginseng situation in Asia, the more I like this company. I am going from a momo player to a long (I averaged up this morning). Here is some of what I found.
Because of copy laws, I will not post the whole story (I paid to read on Northernlight.com). I will however post the first few sentences. It is a very short article.
Title: Ginseng Being in Shortage
Source: Asiaport Daily NewsDate: 06/25/1999 07:01Price: $1.00Document Size: Very Short (73 words)Document ID: FA19990625980000095Subject(s): si; China; Market; News; Newsgrid
Ginseng Being in Shortage
Story Filed: Friday, June 25, 1999 7:01 AM EST CHINA, June 25, AsiaPort -- As the planting area shrinks and demand in international market becomes ever greater, ginseng now is in great need of.
--------------------------------------------------
DD on the Fuzhou Industrial Park where the new facility is located (it is in the Hongshan area).
bta.net.cn
---------------------------------------------------
Everyone should read this. It is a report from the Canadian Asian Agriculture Trade Commissioners Round Table held in March of this year. Hit the South China link under country profiles. You should read the whole assessment, pay close attention to market opportunities. From reading this article, I would say the new facility is in the right area of China.
atn-riae.agr.ca
-------------------------------------------------
Here is a briefing by Dr. Ping-fan Rao. Dr. Rao is from the Institute of Biotechnology at Fuzhou University. The first couple of paragraphs will give you some insight to the need for herbal food like Ginseng. This article also validates that there is a shortage of the natural Ginseng.
nuts.uvm.edu
---------------------------------------------------Scroll down to the Agriculture section. A paragraph that states that the RMGG acquisition of the drug company gave them access to 130 outlets in 12 Chinese cities.
asianconnections.com
--------------------------------------------------
I am sticking around until I see their filing :).
Deb' |
