Redwood Group International

Hi Folks, was haltet Ihr von Redwood Group International (RDWD)? http://www.google.com/finance?cid=719941 Gibt es da News oder was denkt Ihr??

Press Release S3 Investment Company Comments on Additional Contracts Valued at over $57 Million Announced by Redwood Capital Client Boyuan Construction Group signs three new contracts for construction projects in China Issued Tuesday, Feb. 9, 9:44 am ET DANVILLE, CA--(MARKET WIRE)--Feb. 9, 2010--S3 Investment Company, Inc. (Other OTC: SIVC) today commented on three new construction contracts valued at over $57 million announced by a client of its Redwood Capital subsidiary. The new contracts were announced by Boyuan Construction Group, which is publicly traded on Canada’s TSX Venture Exchange under the symbol BOY, and include two projects in Shandong province and one on Hainan Island, China. Redwood Capital, as part of the compensation it received as the Chinese merchant banking advisor for Boyuan Construction Group when it became listed on Canada’s TSX Venture Exchange, received shares of Boyuan common stock. As of S3’s last filed financial report, for the period ended September 30, 2009, Redwood Capital held 691,203 shares of Boyuan common stock. The first of the three new projects announced by Boyuan was a contract valued at $17.5 million to build a 20-story, 74,000 square meter hotel in Sanya, an emerging tourist destination located on Hainan Island, China, which is expected to be completed in early 2011. The second contract, which is valued at US $22 million, is for the development of a 6-story, 200,000 square meter commercial complex in the city of Weifang, in China's Shandong province. The commercial complex, which will include furniture manufacturers and retailers, is expected to be completed by the end of 2010. The most recently announced contract is valued at $18.1 million for the development of a 32-story, 99,000 square meter residential building, also in the city of Weifang. This project is expected to be completed by the second quarter of 2011. Since the beginning of the 2010 calendar year, the total value of the contracts announced by Boyuan Construction Group exceeds $76 million. “This recent news announced by Boyuan Construction Group bodes well not only for its future in China’s construction industry but also for the potential future value of the Boyuan stock that Redwood Capital holds,” stated S3 Investment Company Chairman and CEO Jim Bickel. “As Redwood Capital continues to attract new clients and work with its existing pipeline of Chinese companies, S3 will also report on the progress of Redwood clients that form the basis of the company’s asset value.” The stock holdings of S3’s Redwood Capital subsidiary appear on the company’s consolidated financial reports, which are posted on the Pink Sheets OTC Disclosure and News Service.

Heute 80% zum Start...

hat sich zum Einstiegskurs von allen Anteilen getrennt ! Es ist trotz aller guten Nachrichten und wirklich glänzenden Aussichten nicht gelungen genug Volumen und Käufer für diesen Wert zu finden (von Unternehmensseite ;) ). Daher haben wir diese schwere Entscheidung zu Gunsten eines anderen Wertes getroffen). Wert bleibt im jeden Fall auf der Watchlist und wird wahrscheinlich bei anziehendem Volumen und guten News wieder ins Depot aufgenommen. Hummel