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Harbin Electric, Inc. (MM)

Harbin Electric, Inc. (MM) (HRBN)

23.30
0.00
(0.00%)
At close: March 28 04:00PM
23.30
0.00
( 0.00% )

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Key stats and details

Current Price
23.30
Bid
0.00
Ask
0.00
Volume
-
0.00 Day's Range 0.00
0.00 52 Week Range 0.00
Previous Close
23.30
Open
-
Last Trade
Last Trade Time
-
Average Volume (3m)
-
Financial Volume
-
VWAP
-

HRBN Latest News

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PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
520000000CS
1560000000CS
2600000000CS

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HRBN Discussion

View Posts
Mikey Mikey 12 years ago
lol, i think shorts are still waiting to get paid.......
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BGP BGP 12 years ago
Idk. Just an odd piece of mail i got. Not sure what it is all about. I guess a hearing is coming up. I did get hosed on this one though.
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Mikey Mikey 12 years ago
no i havent, what is the gist of the settlement?
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BGP BGP 12 years ago
anyone else get a proposed settlement letter today?

http://scas.issproxy.com/pdf/32243-15551set.pdf





<a href='http://usas2.advfn.com/c.php?s=20&w=600&h=19&t=_blank' target='_blank'> <img src='http://usas2.advfn.com/i.php?s=20&w=600&h=19&t=_blank' width="600" alt="" height="19" border="0" /></a>

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BGP BGP 12 years ago
anyone else get a proposed settlement letter today?

http://scas.issproxy.com/pdf/32243-15551set.pdf

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Mikey Mikey 12 years ago
it DID fund......lolol........wowow........amazing...i saw that angry press release.........they pulled a rabbit outta the hat.......

New York Global Group Congratulates Harbin Electric, Inc. on the Completion of Its US$800 Million Merger Acquisition, Returning 1200% to U.S. InvestorsLast update: 11/4/2011 8:00:00 AMNEW YORK, Nov. 4, 2011 /PRNewswire via COMTEX/ -- New York Global Group, Inc., a leading Asia focused private equity and corporate advisory firm congratulates one of its portfolio companies, Harbin Electric, Inc. (HRBN) on its successful US$800 million merger acquisition with Tech Full Electric at US$24 per share. Public shareholders of Harbin Electric, Inc. were paid US$24 per share in cash, which is the largest "going private" transaction for China based companies in the U.S. in 2011. China based Harbin Electric, Inc. became a U.S. listed public company via a reverse merger in 2005 at $2 per share. At the $24 acquisition price, it represents a 1200% gain for Harbin Electric's primarily U.S. based initial investors since it became a public company on the OTCBB. New York Global Group has been an advisor to Harbin Electric, Inc. in connection with its initial going public process. Advisors for the $800 million acquisition included Goldman Sachs, Morgan Stanley and Lazard Freres, as well as law firms Skadden Arps, Davis Polk and others. James N. Baxter, Esq, Chairman of New York Global Group commented: "We are proud of our role in Harbin's success story. Our corporate finance and due diligence team in New York and Beijing, led by our President Mr. Benjamin Wey, initially identified Harbin as an outstanding China-based business worthy of entering the U.S. capital markets. As one of our portfolio companies, we are pleased with the extraordinary investor returns Harbin has generated for its U.S. public shareholders."Jennifer Wolf, New York Global Group's Director of Corporate Communications commented: "Harbin Electric's historical success in a negative market environment towards China based U.S. listed companies reflects New York Global Group's continued belief that well managed China based companies represent a tremendous value proposition for U.S. investors. We anticipate more China based companies leaving the U.S. stock exchanges for much higher valued markets in China and Hong Kong." New York Global Group wishes Harbin continued success in its potential re-listing on the Hong Kong or China stock exchanges at likely higher valuations in the future. About Harbin Electric, Inc.:Harbin Electric, Inc., a leading China based developer and manufacturer of a wide array of electric motors with a focus on innovative and value-added products. Website: About New York Global Group: New York Global Group ("NYGG") is a leading middle market focused private equity and corporate advisory firm specialized in Asian related projects. For over a decade, NYGG has executed more than 200 Asian related transactions in the areas of corporate finance, direct investments, market entry assistance and due diligence assignments. With offices in Beijing China and on Wall Street in New York City, NYGG serves growth oriented private sector businesses as well as public companies listed on global stock exchanges. Website: SOURCE New York Global Group, Inc. Copyright (C) 2011 PR Newswire. All rights reserved News provided by Dow Jones NewswiresSM, PR News Wire and Business Wire. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.

TD Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Brokerage services provided by TD Ameritrade, Inc., member FINRA/SIPC/NFA. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. All rights reserved. Used with permission.

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ezmony ezmony 12 years ago
Herb Greenberg on CNBC reported it crossed the wires that it funded. No dog in this hunt, but it would have destroyed all China stocks if anything funny happened. JMO
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joenorth0328 joenorth0328 12 years ago
According to IR money has been paid out. Check with your broker. Its over!
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joenorth0328 joenorth0328 12 years ago
Now Funded? Is it finally over?? see link
http://ih.advfn.com/p.php?pid=nmona&article=49798885&symbol=HRBN
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Rawnoc Rawnoc 12 years ago
While I agree that the buyout looks like it will indeed close (90% chance), what else do you think IR would say? No distribution you've been screwed, haha you stupid American?
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Rawnoc Rawnoc 12 years ago
Normally? That could force a cover and a buy back of the shares.
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joenorth0328 joenorth0328 12 years ago
Just talked to IR. They said announcement of funding coming.Up to 2 days . No worries
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alectric alectric 12 years ago
What if the owner of the shares wants his certificates?
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MWM MWM 12 years ago
I like options, I just need to stay away from weeklies, they are like crack!
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Rawnoc Rawnoc 12 years ago
I've been doing more and more puts instead of shorting myself.
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MWM MWM 12 years ago
I have no idea myself, never shorted anything just play options...

But I have been trading on Ihub long enough to know u know ur chit...

at least I hope u do lol!
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MWM MWM 12 years ago
I'm not one of Raw's pumpboys, we are usually fighting more times than not, just check the SODA board. I'm just saying I know he knows how to trade and I'd put my money on him as opposed to a friend of a friend...

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Rawnoc Rawnoc 12 years ago
LOL, thanks I think though you don't have to take my word for it -- call any broker, 1-800-ETRADE-1 or anybody else. They'll explain how the transaction works.

That's one of the cool things about shorting is getting the money up front so as the stock tanks you can profit without covering.
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Mikey Mikey 12 years ago
gimme a break with the messageboard attaboys.........oh please
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MWM MWM 12 years ago
Raw has been around the block, while at times he's a real A-hole lol, I wouldn't doubt his knowledge when it comes to actual trades...

My money would be on Raw until otherwised proven wrong...
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Rawnoc Rawnoc 12 years ago
LOL, whatever. Either you or he is confused. I was just explaining it to you. If you want to believe that his short position is special for the first short position in the history of the shorting game, be my guess, but I've seen dozens of newbies on message boards make the exact same claim before due to lack of understanding how it works.

Tell your friend to look at his account. If he shorted at say $22 he has $11,000 more cash in his account right now then he did just before he shorted. I'd give you 100 to 1 odds in a bet.
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Mikey Mikey 12 years ago
i dont think you understand.....now we can go back and forth till the cows come home, bud.......

this will be my last back and forth on the subject.......

a high end friend of mine......a ceo in a private corp in michigan........he trades ........still with me?

he had 500 shares short on HRBN........when they delisted i called him and congratulated him........his reply: FOR WHAT?

he then told me the story.......that was LAST NIGHT!

NO PROFIT NO LOSS!......i can appreciate that you dont believe it........but this is a 71 year old retired executive with a very large portfolio!

i JUST got off the phone with him AGAIN........3 MIN AGO.......


you can have the last word, bud..........this is time i cant get back!



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Rawnoc Rawnoc 12 years ago
LOL, I'm telling you that your friend is confused. If the buyout falls through and the stock never trades again, he makes a 100% profit. He keeps the money he already received and owes nothing.

Call any broker on the planet, and he'll confirm.
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Mikey Mikey 12 years ago
i am telling you what is going on RIGHT NOW with HRBN and a short, by a friend of mine.........if you choose not to believe it, fine by me, bud!
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Rawnoc Rawnoc 12 years ago
Yes, I've been shorting stocks for 13 years and have made thousands of transactions on the short side. I also used to naked short back when it was legal.

Live it? I have breathed it. I know EXACTLY how it works. You get the money up front. Where did you think the money comes from? The short sellers' fairy godmother? If a stock goes from $23 to $1, the cover at $1 is peanuts. The profit comes from the initial $23 shorted at as you get that cash IMMEDIATELY and INSTANTLY.
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Mikey Mikey 12 years ago
well partner i dont know what to tell you.....unless YOU have lived it, your thinking is theoretical.......this guy is living it

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Rawnoc Rawnoc 12 years ago
No you do NOT -- anybody who thinks that way clearly has never done a short in his life or he wasn't paying attention to what happens in his account.

Shorts get the money UP FRONT -- that's why it's called a "short" -- you already got the cash but you are "short" (owe) shares.

A wet dream for shorts is always a stock going to zero and cease trading forever -- then the short "never covers" and just keeps all of the cash.
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Mikey Mikey 12 years ago
nope, you HAVE to make the round trip......it JUST happened to a friend of mine with merrill.....

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Rawnoc Rawnoc 12 years ago
DATE: NOVEMBER 2, 2011
SUBJECT: HARBIN ELECTRIC, INC. - CASH SETTLEMENT/ACCELERATION
OF EXPIRATIONS
OPTION SYMBOL: HRBN
DATE: 11/2/2011
* * * UPDATE * * *
NOTE: OCC has been informed by DTC that the paying agent has not yet funded DTC for
the merger consideration of $24.00 cash. Consequently, OCC will delay settlement of
HRBN exercise/assignment activity until confirmation is received that the cash
consideration has been paid.
On October 29, 2011, Shareholders of Harbin Electric, Inc. (HRBN) voted concerning the proposed
merger with Tech Full Electric Acquisition, Inc., a wholly owned subsidiary of Tech Full Electric Company
Limited. The merger was approved and subsequently consummated on November 1, 2011. As a result,
each existing HRBN Common Share will be converted into the right to receive $24.00 net cash per share.
CONTRACT ADJUSTMENT
DATE: November 2, 2011
NEW DELIVERABLE
PER CONTRACT: $2,400.00 ($24.00 x 100)
Settlement: Delayed
Settlement in HRBN options will take place through OCC’s cash settlement system. Settlement will be
accomplished by payment of the difference between the extended strike amount and the cash deliverable.
ACCELERATION OF EXPIRATIONS
Pursuant to OCC Rule 807, equity stock option contracts whose deliverables are adjusted to call for cashonly
delivery will be subject to an acceleration of the expiration dates for outstanding option series. (See
OCC Information Memo 23707) Additionally, the exercise by exception (ex by ex) threshold for expiring
series will be $.01 in all account types.
All series of Harbin Electric, Inc. options whose expiration dates are after 11-19-2011 will have their
expiration dates advanced to 11-19-2011. Expiration dates occurring before 11-19-2011 (e.g., Flex
options) will remain unchanged.
Back to Infomemo Search
All Harbin Electric, Inc. options will utilize a $.01 exercise threshold.
Option Symbols: HRBN
Existing Expiration: All months
New expiration date: 11-19-2011
Existing American-style Harbin Electric, Inc. options remain exercisable at the option of the holder prior to
their expiration. Exercised options will continue to settle in three business days.
DISCLAIMER
This Information Memo provides an unofficial summary of the terms of corporate events affecting listed
options or futures prepared for the convenience of market participants. OCC accepts no responsibility for
the accuracy or completeness of the summary, particularly for information which may be relevant to
investment decisions. Option or futures investors should independently ascertain and evaluate all
information concerning this corporate event(s).
The determination to adjust options and the nature of any adjustment is made by a panel of The OCC
Securities Committee pursuant to OCC By-Laws, Article VI, Sections 11 and 11A. The adjustment panel is
comprised of representatives from OCC and each exchange which trades the affected option. The
determination to adjust futures and the nature of any adjustment is made by OCC pursuant to OCC By-
Laws, Article XII, Sections 3, 4, or 4A, as applicable. For both options and futures, each adjustment
decision is made on a case by case basis. Adjustment decisions are based on information available at the
time and are subject to change as additional information becomes available or if there are material
changes to the terms of the corporate event(s) occasioning the adjustment.
ALL CLEARING MEMBERS ARE REQUESTED TO IMMEDIATELY ADVISE ALL BRANCH OFFICES
AND CORRESPONDENTS ON THE ABOVE.
Questions regarding this memo can be addressed to Member Services at (800) 544-6091. Within Canada
call (800) 424-7320.
CATEGORY: CONTRACT ADJUSTMENT
CATEGORY: CONTRACT ADJUSTMENT
For questions regarding this memo, call 1-888-OPTIONS or email options@theocc.com.
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Rawnoc Rawnoc 12 years ago
Dead wrong. Shorts get their cash IN ADVANCE -- contrary to popular belief, if you never cover you make 100% profit.

A short who sold say 1000 shares at $23.00 gets $23,000 in cash up front in his account and "owes" 1000 shares.
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Mikey Mikey 12 years ago
contrary to popular belief, if one was short hrbn and you have no way to cover.........there will be NO profit....

you MUST make the transaction.......there is no such thing as 'automatic' profit if a stock goes to -0-.....

if you have calls......you'll have to talk to your broker and they will arrange for you to exercise the option, if you choose....
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Stock Stock 12 years ago
Harbin hasn't sent the cash lol
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Swimswim Swimswim 12 years ago
BOOM. Cash isn't there yet. They said it would be by now.

http://www.theocc.com/
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azs azs 12 years ago
Not sure. Raw may know.
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Rawnoc Rawnoc 12 years ago
No, you'd still have the option to exercise the puts which would give you a naked short.
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Scandle34 Scandle34 12 years ago
I tried to get some puts today but had to run a paper chase and didn't get through it till close... Now suppose I had got them and trading stopped and the stock was delisted as per this notice but it was a fraud and no one got paid...

... the options still are worthless even though the stock was as bad or worse than the bet the options represented, right?
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Mikey Mikey 12 years ago
the FIRST thing he wanted to do was halt trading..........the sham got out of control......


i would be VERY surprised if shareholders got ANYTHING out of this!!!!!!

3/4 bill loan to this pudknocker?.........
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Swimswim Swimswim 12 years ago
I share your disbelief. Fraud in china must be out of control.

I think the deal is done because I see no reason why he would halt trading if he didn't have the loan.
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Mikey Mikey 12 years ago
definitely you say?..........i would be VERY surprised if this guy can come up with $750,000,000.

Under the terms of the Merger Agreement, Harbin Electric shareholders are entitled to receive $24.00 in cash for each share of Harbin Electric common stock that they hold, without interest and less any applicable withholding taxes

State the number of shares outstanding of each of the issuer’s classes of common equity, as of August 9, 2011: 31,434,168 shares of common stock, par value $0.00001 per share.

31,434,168 x $24.00 =$754,420,032
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Swimswim Swimswim 12 years ago
Cannot believe this deal is closing. Makes no sense. Assumed they were taking it to the last minute to maximise the value of the stock they were dumping.

Deal will definitely close now.
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Mikey Mikey 12 years ago
HRBN news.........they are talking the talk anyway

will believe it when they pull out their echeckboooks...

http://custom.fmg.dowjones.com/custom/tdameritrade-com/html-story.asp?guid={4e344391-5b5a-48ad-b603-4abc5363ff76}

Harbin Electric Commences Closing Process for "Going Private" TransactionLast update: 11/1/2011 4:01:00 PMHARBIN, China, Nov. 1, 2011 /PRNewswire via COMTEX/ -- Harbin Electric, Inc. ("Harbin Electric" or the "Company"; NASDAQ: HRBN), a leading developer and manufacturer of a wide array of electric motors in the People's Republic of China, today announced it has commenced the closing process of the merger contemplated by the Agreement and Plan of Merger, dated June 19, 2011, as amended, pursuant to which the Company will become a wholly-owned subsidiary of Tech Full Electric Company Limited ("Tech Full Electric"), which is controlled by Mr. Tianfu Yang, the Company's Chairman and Chief Executive Officer. As part of the closing process, the Company has filed the Articles of Merger with the Nevada Secretary of State. Trading of the Company's common stock has been suspended on the NASDAQ Global Select Market as of market close today. NASDAQ has filed a notification of removal of listing and registration on Form 25 with the Securities and Exchange Commission ("SEC") with respect to Harbin Electric's common stock. As previously announced, at the Company's Special Meeting of Shareholders held on October 29, 2011, the Merger Agreement was approved by approximately 90.6% of the outstanding shares of Harbin Electric common stock and approximately 84.2% of total unaffiliated shares of Harbin Electric, satisfying the majority of unaffiliated stockholders voting requirement set forth in the Merger Agreement. Due to the multi-jurisdictional nature of Harbin Electric and different time zones involved in the closing process, the Company currently anticipates the "going private" transaction will be completed on November 2, 2011 (U.S. time). The Company intends to publicly announce when the closing of the transaction is completed. Safe Harbor Statement The actual results of Harbin Electric, Inc. could differ materially from those described in this press release. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release may be found in the Company's periodic filings with the Securities and Exchange Commission ("SEC"), including the factors described in the section entitled "Risk Factors" in its annual report on Form 10-K/A for the year ended December 31, 2010, filed with the SEC on September 29, 2011. The Company does not undertake any obligation to update forward-looking statements contained in this press release. This press release contains forward-looking information about the Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negatives thereof, or comparable terminology, and include discussions of strategy, and statements about industry trends and the Company's future performance, operations and products. A number of the matters discussed herein that are not historical or current facts deal with potential future circumstances and developments, in particular, whether and when the transactions contemplated by the Merger Agreement will be consummated. The discussion of such matters is qualified by the inherent risks and uncertainties surrounding future expectations generally and also may materially differ from actual future experience involving any one or more of such matters. Such risks and uncertainties include: any conditions imposed on the parties in connection with consummation of the transactions described herein; adoption of the Merger Agreement by the Company's shareholders; satisfaction of various other conditions to the closing of the transactions described herein; and the risks that are described from time to time in the Company's reports filed with the SEC. About Harbin Electric, Inc. Harbin Electric, headquartered in Harbin, China, is a leading developer and manufacturer of a wide array of electric motors with a focus on innovative, customized, and value-added products. Its major product lines include industrial rotary motors, linear motors, and specialty micro-motors. The Company's products are purchased by a broad range of domestic and international customers, including those involved in the energy industry, factory automation, food processing, packaging, transportation, automobile, medical devices, machinery and tool manufacturing, chemical, petrochemical, as well as in the metallurgical and mining industries. The Company operates four manufacturing facilities in China located in Xi'an, Weihai, Harbin, and Shanghai. Harbin Electric has built a strong research and development capability by recruiting talent worldwide and through collaboration with top scientific institutions. The Company owns numerous patents in China and has developed award-winning products for its customers. Relying on its own proprietary technology, the Company developed an energy efficient linear motor driven oil pump, the first of its kind in the world, for the largest oil field in China. Its self-developed linear motor propulsion system is powering China's first domestically-made linear-motor-driven metro train. As China continues to grow its industrial base, Harbin Electric aspires to be a leader in the industrialization and technology transformation of the Chinese manufacturing sector. To learn more about Harbin Electric, visit . For media inquiries, please contact:Matt Sherman / Matt Cuneo / Nicole GreenbaumJoele Frank, Wilkinson Brimmer KatcherTel: +1-212-355-4449 For investor inquiries, please contact: Christy ShueHarbin Electric, Inc.Executive VP, Finance & Investor RelationsTel: +1-631-312-8612Email: IR@HarbinElectric.com Linda BergkampChristensen Investor RelationsTel: +1-480-614-3004Email: LBergkamp@ChristensenIR.com SOURCE Harbin Electric, Inc. Copyright (C) 2011 PR Newswire. All rights reserved News provided by Dow Jones NewswiresSM, PR News Wire and Business Wire. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.

TD Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Brokerage services provided by TD Ameritrade, Inc., member FINRA/SIPC/NFA. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. All rights reserved. Used with permission.

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Mikey Mikey 12 years ago
az, thats a good gamble, imo..........we'll see......i am still on the sidelines....
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azs azs 12 years ago
Entered an order for few OCT $21 puts for $15 a contract. If it does not get pulled off on Thursday this thing could fly. If it does, then I loose $100.
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azs azs 12 years ago
Two and a half more days to wait. Hmmmmmmmm
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Mikey Mikey 12 years ago
HRBN news........or i should say 'alledged' news

http://custom.fmg.dowjones.com/custom/tdameritrade-com/html-story.asp?guid={cf95cb19-efa9-45d5-a3d7-f362788ab05a}

PRESS RELEASE: Harbin Electric Announces Shareholder Approval Of Merger With Tech Full Electric >HRBNLast update: 10/29/2011 10:28:05 AMPRESS RELEASE: Harbin Electric Announces Shareholder Approval Of Merger With Tech Full Electric HARBIN, China, Oct. 29, 2011 /PRNewswire-FirstCall/ -- Harbin Electric, Inc. ("Harbin Electric" or the "Company"; NASDAQ: HRBN), a leading developer and manufacturer of a wide array of electric motors in the People's Republic of China, announced today that Harbin Electric shareholders voted at a special meeting of shareholders to approve, among other things, the Company's Agreement and Plan of Merger dated as of June 19, 2011, as amended (the "Merger Agreement"), with Tech Full Electric Company Limited ("Tech Full Electric") and Tech Full Electric Acquisition, Inc. ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company and the Company will continue as the surviving corporation and will be a wholly-owned subsidiary of Tech Full Electric. Approximately 90.7% of the Company's total outstanding shares of common stock voted in person or by proxy at the Special Meeting of Shareholders held earlier today in New York City. The Merger Agreement was approved by approximately 90.6% of the outstanding shares of Harbin Electric common stock and approximately 84.2% of total unaffiliated shares of Harbin Electric, satisfying the majority of unaffiliated stockholders voting requirement set forth in the Merger Agreement. Approximately 0.1% of the outstanding shares of Harbin Electric common stock were voted against the approval of the Merger Agreement. The Company currently anticipates closing the transaction in the following week. Under the terms of the Merger Agreement, Harbin Electric shareholders are entitled to receive $24.00 in cash for each share of Harbin Electric common stock that they hold, without interest and less any applicable withholding taxes. Letters of transmittal allowing Harbin Electric shareholders of record to deliver their shares to the paying agent in exchange for payment of the merger consideration will be mailed within two business days of the effective date of the merger. Shareholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash, as such conversions will be handled by the bank or broker. The merger will result in Harbin Electric becoming a privately-held company and its common stock will no longer be listed on the NASDAQ Global Select Market. ............ To learn more about Harbin Electric, visit www.harbinelectric.com. For media inquiries, please contact: Matt Sherman / Matt Cuneo / Nicole Greenbaum Joele Frank, Wilkinson Brimmer Katcher Tel: +1-212-355-4449 For investor inquiries, please contact: Paul Schulman / Amy Bilbija MacKenzie Partners, Inc. Tel: +1-212-929-5364 (Mr. Schulman) Tel: +1-650-798-5206 (Ms. Bilbija) Christy Shue Harbin Electric, Inc. Executive VP, Finance & Investor Relations Tel: +1-631-312-8612 Email: IR@HarbinElectric.com Linda Bergkamp Christensen Investor Relations Tel: +1-480-614-3004 Email: LBergkamp@ChristensenIR.com SOURCE Harbin Electric, Inc. /Web site: http://www.harbinelectric.com (END) Dow Jones NewswiresOctober 29, 2011 10:20 ET (14:20 GMT)


---------------------------------------------------------

from the recent Q


State the number of shares outstanding of each of the issuer’s classes of common equity, as of August 9, 2011: 31,434,168 shares of common stock, par value $0.00001 per share.

31,434,168 x $24.00 = $754,420,032

it'll be interesting as hell to see how these guys come up with 3/4 billion $ outlay........

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Mikey Mikey 12 years ago
yeah, i saw it, i am on their email list........
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Rawnoc Rawnoc 12 years ago
The Last and Final Word on Harbin Electric

http://www.citronresearch.com/index.php/2011/10/25/
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Mikey Mikey 12 years ago
I believe 'when' HRBN begins to fall apart, it'll be like a nickel falling off a table!
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$King $King 12 years ago
HRBN HOD 22.28 - 12% gain
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Rawnoc Rawnoc 12 years ago
Why O Why can I not find shares to short? 12% risk, 100% potential profit.....sigh. Instead only have puts with 100% risk, 400-500% potential. I prefer the 12 to 100 ratio.
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