AXNMAN
2 years ago
Expert Market to OTCQB
Expert Market from Sept 29, 2022
Dear SINC Investors,
You might have noticed that from Sept 29th, 2022, SINC was placed on Expert Market on OTC, as a result, proprietary quotations were temporarily suspended for SINC.
Reason for SINC been moved to Expert Market
Since 2019, our Ks and Qs were filed with un-audited financials to save costs while we were waiting for our 3a-10 fairness order to close our acquisition.
Issuers on OTC Pink with audited financial are voluntary, and according to PCAOB 4110.4, issuers with unaudited financials can file amendments with audited financials.
We further passed the SEC Rule15c2-11 on September 26, 2021 to remain current until Sept 29, 2022.
The original plan was to file a comprehensive super 10k where the company can include audited financials along with acquisitions and consolidations, as part of NYES/NASDAQ up listing process.
On Sept 29th, 2022, right after market close, OTC market advised us that our reporting needs to have audited numbers included before we can be back on current.
Solution: Stopover Up listing to OTCQB
To fix the issue, quote OTC Market instructions:
"In order to be eligible for proprietary quotations, the company would have to either have a broker file and clear a Form 211 with FINRA or undergo an Initial Review by applying to OTCQX or OTCQB in addition to providing the required filings with the SEC."
FINRA form 211 has uncertainties on timeline, so we have decided to do a stopover OTCQB up listing before NYSE/NASDAQ up listing. The turn around time is expected to be around 4-6 weeks.
It's an unexpected hiccup right before we start consolidating our financials but rest assured, this is being taken care off.
I'll provide further updates soon.
Thank you
Kind Regards,
Yiwen (James) Zhang
CEO
Sincerity Applied Materials Holdings Corp
AXNMAN
2 years ago
$SINC - Company Overview
We are a supplier of technologically advanced plastics and other solutions for the packaging industry and other industries primarily serving major end users and distributors in Australia, Asia and the Middle East. Our products have applications in the areas of packaging, agriculture, automotive and transportation, paint and coating, construction, personal care and hygiene, electronics, pharmaceutical, energy and natural resources, plastics and rubber and leather. Our principal products are high quality, breathable plastic film and modified atmosphere packaging used in the packaging of perishable foods.
In 2021, through the acquisition target SIMCOR, SINC expands deeper into our existing customer based in EV, 5G, computer chips and medical industries. In addition, the pandemic boosts the demand for covid related medical material and SINC boosted vaccine related production capacity through SIMCOR
AXNMAN
2 years ago
$SINC sincerity Applied Materials. Special situation - PRE-IPO And pre- NASDAQ Uplist opportunity !!!
This company was created to do an IPO Of the privately-traded Chinese company, Simcor = A leader in Engineering plastics.As you know recent IPO's of Chinese private company have been tremendous 2500% gains on some of them!
This is a third generation company in the family of YIWEN "JAMES" Zhang. Rather than the tremendous upfront charges in a normal IPO,James has chosen To bring simcor public Through a 3A10. So, quite simply, We have Infinity fund Creating the Funds for the takeover of Simcor.Again, this was done in place of a normal Wall Street IPO.
The acquisition has been negotiated + all terms agreed to, And the following Highlights pertain:
Simcor guarantees revenues of.$10 million for the first year. And $1,000,000 in net.
Simcor further guarantees a 50% increase in revenues and income for the next two years after the acquisition.
So : four cents the first year, six cents in year two, $0.09 in year 3.
Then, knowing that the PE ratio for publicly traded Engineering Plastics stocks is 50 to 60...
Multiply the .09 times 60 and you have a target price of $5.40. This is without larger growth each year, which is expected... and without Any contributions from Further planned strategic acquisitions.
So what is the suggestion? It is quite simply to start buying the stock in the $0.20 range and All the way up to $0.80. I shall create a further review when we reach $0.80.
Here is the story on Sincerity/Simcor = https://microcaps.com/a-unique-play-in-engineering-plastics-and-green-materials/
And here is the Intrinsic value story = straight from James, The CEO and founder of Sincerity and a third generation member of the Simcor family...= Live Webinar Makeup - Market interact with our 3a10 hedge fund following Intrinsic value
Investors support $SINC for three reasons:
1. Intrinsic Value
2. Material Innovation
3. Strategic Acquisition
Ticker: SINC
AXNMAN
2 years ago
$SINC SPECIAL SITUATION ...
ZARDIW and I both subscribe to the theory of KISS... However in the case of sincerity we have some interesting leverage provided by the 3A10 IPO strategy to acquire SIMCOR.
Here, we need to put on our security analysts hats.... And with the help of the explanation from the CEO = WE FIND A UNIQUE, SELDOM-SEEN SPECIAL SITUATION.
Please allow me to dumb this down so that we can all understand what it means to the stock price.
His in depth explanation of intrinsic value translates into:
AS THE STOCK PRICE MOVES UP, THE EPS ALSO MOVES UP !!!
What does this mean to U.S. stock buyers?
Simply put = the more we BUY, the more we ADD VALUE by increasing the earnings per share.\!!!
IN MY 60 YEARS IN WALL STREET , I have never encountered such a
BULLISH SITUATION.
AXNMAN
2 years ago
$SINC SPECIAL SITUATION ...
ZARDIW and I both subscribe to the theory of KISS... However in the case of sincerity we have some interesting leverage provided by the 3A10 IPO strategy to acquire SIMCOR.
Here, we need to put on our security analysts hats.... And with the help of the explanation from the CEO = WE FIND A UNIQUE, SELDOM-SEEN SPECIAL SITUATION.
Please allow me to dumb this down so that we can all understand what it means to the stock price.
His in depth explanation of intrinsic value translates into:
AS THE STOCK PRICE MOVES UP, THE EPS ALSO MOVES UP !!!
What does this mean to U.S. stock buyers?
Simply put = the more we BUY, the more we ADD VALUE by increasing the earnings per share.\!!!
IN MY 60 YEARS IN WALL STREET , I have never encountered such a
BULLISH SITUATION.
Zardiw
2 years ago
$SINC: Sexy story for Wall Street Buyers
This company was created to do an IPO Of the privately-traded Chinese company, SIMCOR = A leader in Engineering plastics.
This is a third generation company in the family of YIWEN "JAMES" Zhang.
Rather than the tremendous upfront charges in a normal IPO,James has chosen To bring SIMCOR public Through a 3A10 exemption.
This is not general plastics like the bags you get in the grocery store, but Elon Musk, Tesla and SPACE X - type plastics.
Medical plastics in Covid vaccines syringes, Hospital trays, IC computer chips , Silicon Valley stuff.
This is Clean Energy solar panels + wind turbines , Nuclear power, high growth 5G Infrastructure !!!
This is why Engineering Plastics companies ARE SEXY !!!
Z
AXNMAN
2 years ago
$SINC>>>
Key Investment Considerations
Addressing Universal Manufacturing Challenges β The company is upgrading essential materials within the supply chain, ecommerce, everyday cutlery, and the necessary engineering plastics which currently have no alternatives.
Actively Expanding Globally β Sincerity entered an acquisition agreement with Simcor Materials Technology in 2021, a Chinese manufacturer of various plastics, to anchor its strong base in China. The move has the company in a stronger position for its targeted expansion into US and European markets.
Positioned for Green Materials Boom Growth β The companyβs biodegradable range serves companies and regions where traditional disposable plastics are banned. As weβll point out later, the list of such places is growing.