We are looking for moderators. If you would like to help moderate this board, please use the 'request to moderate board' link at top left and you will receive a confirmation that you have been added as a Co-Moderator. As a moderator you will have the ability to oversee discussions and make sure all posts are relevant.

You will also have the ability to add an advanced description for the stock. This is particularly useful if there are aspects of the company that you want to highlight and help others learn about the company's objectives. Photos and pictures are welcome. Don't be shy. Become an integral member of GEO's Culture

mmmmm you are right!!! It could also be that those guys of Rodshaw & Renshaw came with a nice story and convinced the management of Rodobo that an offering would be a good thing.

A lot of these 10-Q filings seem like copy&paste without controlling what they are writing/saying. The example you give is another dilution issue. 

also,

This is what kills me

 Over the next twelve months, we intend to pursue our primary objective of increasing market share in the China dairy industry. We are also evaluating acquisition and consolidation opportunities in China’s fragmented dairy industry. We believe that we have sufficient funds to operate our existing business for the next twelve months. We usually finance our operations from funds generated by operating activities. However, in addition to funds available from operations, we may need external sources of capital for our expansion. There can be no assurance that we will be able to obtain such additional financing at acceptable terms to us, or at all.

lol then they go and raise money..

Dutch,

We are working on such a platform..  Maj

The problem with this one but also with a lot of other Chinese companies listed in the U.S. is the lack of liquidity. It would be nice if there was a special platform (exchange) for Chinese stocks in the U.S., maybe an idea for a major broker or other interested party. Maybe this initiative could create more liquidity in the stocks because you can focus and marketing more specific. We all do a great job ......you Guys at Geo, Zack Bukcley, Red Chip, etc. etc. etc. but the market (investor) is still waiting for clarity or something that is beyond our reach.

They intend to use the proceeds for general corporate purposes. So it could be that they are planning a new acquisition.

If it really contributes to higher revenues and EPS this stock deal is in my opinion justified. Some of those mutual funds have to have confidence in Rodobo otherwise they wouldn't do the deal.

Looks interesting.. But they only have on store.

The Corporate Name Change has been approved because the new name represents the Company's new business focus.  Reshoot & Edit commenced business in August, 2006 to acquire or obtain options to purchase television and movie scripts, develop and implement a marketing and sales program to sell these television/movie scripts.  On October 7, 2009, J'Amy Owens, of Seattle Washington, acquired majority control of the Company through the purchase of 3,710,000 shares of the Company’s unregistered common stock.  J'Amy Owens purchased control of the Company in order to implement the Bill The Butcher business plan.  The new management, through a related-party transaction, acquired a private company, called W K Inc., located in the State of Washington.  W K Inc. is doing business under the brand name "Bill The Butcher."  W K Inc. currently has a single retail store in Woodinville, Washington, operating as "Bill The Butcher.”  This retail store sells U.S. sourced and ethically raised meat, free range poultry and wild seafood.  The Company's product line also includes specialties such as custom marinades, dry rubs and carved-to-order dry aged beef.

As a result of this change of direction, the focus of the Company's business now deals with selling open pastured organic and natural grass fed beef that has not been raised with steroids, antibiotics or hormones, and has not been fed genetically modified corn.  The adoption of "Bill The Butcher" as the new name more clearly and better describes the Company’s business focus, as an organic meat purveyor.  With the name "Reshoot & Edit", there is no clear relationship to the Company's current business activities.  The name "Bill The Butcher" should allow the Company to develop a clearer and more recognizable identity in the marketplace.

Dutch,

NOt sure if i like RDBO. They just keep making deals with stock. Did you investigate my latest findings on the recent acquisition?

Maj

On June 18 Rodobo International ( RDBO) announced today that it has signed an agreement with various institutional investors for the private placement of an aggregate of 1,111,112 shares of its common stock and warrants to purchase 555,556 shares of its common stock for an aggregate purchase price of $3,000,000, or $2.70 per share. The warrants are immediately exercisable following issuance, have a term of exercise of 5 years and an exercise price of $3.50 per share.

The company intends to use the proceeds of the private placement for general corporate purposes, which may include working capital, capital expenditures, acquisitions of new businesses and investments.

Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman&Renshaw Capital Group, Inc. (Nasdaq: RODM), served as the company's lead placement agent and FT Global Capital, Inc. served as the company's co-placement agent for the transaction.

The institutional investors include:
Whitebox Multi Strategy Partners, L.P
Whitebox Small Cap Long Short Equity Partners, L.P.
CNH Diversified Opportunities Master Account, L.P.
Chestnut Ridge Partners, LP
Iroquois Master Fund Ltd.
The USX China Fund
Alpha Capital
Empery Asset Master, LTD
Hartz Capital Investments, LLC
Hudson Bay Fund LP
Hudson Bay Overseas Fund, LTD.
Rodman & Renshaw, LLC
Cranshire Capital LP
Freestone Advantage Partners LP
FirsTrust Group, Inc.

A good sign that these funds think Rodobo (RDBO) has potential. I already mentioned in earlier posts that the company has a strong footprint in the expanding dairy market.

source: http://chinainvestorking.blogspot.com

Reuters had previously rated RDBO outperform when it was at 2.70@share, it 

swooned to 1.70@share.  It was trading a 1x earnings so I bought more after it 

broke 2.00@share.  

I did sent it in to GeoInvesting, a few days ago for them to review, but I haven't

heard anything back. 

Triple of sales and net income would leave us at a net income of around 6.700.000

EPS Q2 tax. $ 0,25

Maybe the original EPS 2010 $ 0,55 is much to conservative and has to be between $ 0,80 - $0,90 for the full year, which would give us a trailing PE between 3 and 4.  

Next quarter the acquisitions of the other dairy companies will be included in the figures. I guess post acquisition outstanding shares would be around 27.000.000. But they will add also for 30.000.000 net value to their balancesheet and maybe an triple increase of sales. I am still confident that there is a lot of upside potential for this stock. The right IR and presentation of this company, but also an uplisting could be a doubling in shareprice in the nearby future (< 1 year).

Rodobo International, Inc. Completes Acquisitions of three Chinese Dairy Companies Which will Expand the Company's Production Capacity From 200 Tons to 1,200 Tons Per Day

HARBIN, China, Feb 08, 2010 /PRNewswire via COMTEX News Network/ -- Rodobo International, Inc. (OTC Bulletin Board: RDBO) announced its completion of the acquisition of three dairy companies in the People's Republic of China (the "Acquisitions"), through the mergers of Ewenkeqi Beixue Dairy Co, Ltd ("Ewenkeqi Beixue"), Hulunbeier Beixue Dairy Co., Ltd ("Hulunbeier Beixue"), and Hulunbeier Hailaer Beixue Dairy Factory ("Hulunbeier Hailaer Beixue"), hereinafter collectively referred to as "Beixue Group", into the Company's wholly owned subsidiary Tengshun Technology and Development Co., Ltd. ("Tengshun Tech"). After the Acquisitions, Rodobo's daily processing capacity of raw milk is expected to increase by five folds, from the current 200 tons per day, to about 1,200 tons per day.

Pursuant to the Equity Transfer Agreements entered into on February 5, 2010, the Company paid RMB2,100,000 in cash and issued 10,600,000 shares of the Company's common stock (the "Common Stock") and 2,000,000 shares of Series A Preferred Stock in exchange for 100% of the equity interest in Beixue Group composed of Ewenkeqi Beixue, Hulunbeier Beixue and Hulunbeier Hailaer Beixue. Based on independent valuation reports issued by Beijing Haohai Tongfang Assets Appraisal Co., Ltd, dated as of February 4, 2010, Beixue Group has a total net asset value of over USD 30 million.

"We are extremely happy to complete the acquisition of Beixue Group," said Mr. Yanbin Wang, Chairman and CEO of Rodobo, "It is an exciting milestone for the long-term growth strategy of Rodobo. We believe this synergic acquisition will enable us to further consolidate our safe, secure and sustainable milk supply to keep pace with the growing demand of our milk powder products for the Chinese consumer. We expect that this acquisition will increase our distribution channels as well as production capacity." Mr. Wang concluded, "We view the acquisition of Beixue Group as a major opportunity to expand our brand and make further inroads into the milk product market in China."

Complete information regarding the acquisitions will be disclosed in the Current Report on Form 8-K to be filed by Rodobo with the Securities and Exchange Commission.

I bought already 200 shares at $ 2.10 and wrote a little article. If volume picks up I start to add more to my position.

http://seekingalpha.com/instablog/169406-dutch-trader/46922-rodobo-international-inc-worthly-dairy-value-play

Hello Dutch,

 I want to buy this stock at some point, but not sure it will hit investor radar screens due to weak EPS growth this year (dilution). As we closer to next year i will consider loading.

Maj

On Sunday they launched their own English website: www.rodobo.com

I guess they are starting to show some life, maybe that attracts some investors at these prices. With a P/E of around 5 and a growth story for the long run it's worthy to buy some. The only thing is the liquidity of the stock.

Some highlights from their latest filing:

RODOBO INTERNATIONAL INC - 10-K (Filed: 13-01-2010)

EPS 2009 $ 0,42

We achieved $6.8 million of net income for the fiscal year ended September 30, 2009, an increase of $1.5 million (approximately 27.5%) compared with $5.3 million for the fiscal year ended September 30, 2008. This increase in net income was mainly attributable to the increase in net sales, partially offset by an increase in cost of goods sold and operating expenses. This increase in net income was also attributable to an increase of $0.34 million (approximately 345.1%) of subsidy income from the government, from $0.1 million for the fiscal year ended September 30, 2008 to $0.44 million for the fiscal year ended September 30, 2009.