SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : RMGG -- Ignore unavailable to you. Want to Upgrade?


To: DR. MEADE who wrote (56)5/21/1998 4:32:00 PM
From: Gator  Respond to of 1170
 
Anybody know what the hang-up is in the Fuzhou Fujiang Drug Company acquisition? This thing has been in the works for over half a year now.

It would be nice if the company could do a conference call or something to keep investors abreast of recent developments (assuming there are some).

Does the company have any sales? How is domestic distribution? Where's the financials? What is the company's ginseng production capacity? What are pro-forma sales for this year? Does the company have a 3-5 year business plan that they could share with us? Does the company plan on developing a PR strategy, or will they continue to rely on us to do the work for them?

Sorry for the rambling, but pictures of people picking ginseng on their web site hasn't provided me or many others with a lot of information to base an investment decision on.

Gator



To: DR. MEADE who wrote (56)5/27/1998 8:55:00 AM
From: Gator  Read Replies (2) | Respond to of 1170
 
Re: Fuzhou Fujiang acquisition.

The company has been working since the summer of '97 on the acquisition. They had intended on completing the acquisition by Dec '97, but the unrest/instability in the Asian stock markets hampered the process. Now that things have settled, the company anticipates the acquistion could be completed in a 30 to 60 day timeframe (just waiting for government approval).

The Chinese ginseng market is currently facing a 2 to 4 million pound shortage. Finalization of the acquisition will allow RMGG to market their products through FF to fill this shortage. RMGG has already set the stage by having their brands trademarked in China. When the acquisition is completed, RMGG can immediately begin distributing product through FF. Obviously, the potential here is enormous.

Gator