rjm77me's Blog : HRBN, update

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If management is going to buy HTBN at 24 , wht is it selling at 16
Same stupid liars and cheaters managements makes statements about buying HRBN at 24 - show us the money

me al stupido here again-) i love to buy HRBN WITH JAIH3J

•Harbin Electric mentioned cautiously "again" at Citron Researchat

and is being aggressively under pressure - down 20% today morning.
i did not hold HRBN on this website. I do have few puts in real money account.

) 3J
FOOLED AGAIN FOR NOT PAYING THE PIPER

3J
I DO NOT HAVE TELL YOU HOW TO TRADE WITH REAL MONEY. YOU ARE TOO BUSY SHOOTING OTHERS AND TRYING TO FIND SOME THING WRONG WITH OTHERS PICKS,
I HAD COUPLE OF PUTSKIS IN REAL MONEY ACCOUNT. THOSE ARE MAKING MONEY
The way you write blogs or sarcastic comments - you have no time for real money trades. Most of the wins are by cheating Mr Sims or by law of averages - going to win some.
Every one is right once in a while

3J
best advice for you is keep barking and barking

about 8 MILLION SHARES OF HRBN HAVE BEEN SOLD OR SHORTED TODAY BY SMART MONEY 20X VOLUME STOCK IS DOWN $8.44 OR LOST MORE THAN 56% TODAY

where is management or 3J CAN BUY THE WHOLE COMPANY AND PUT ALL SHORT SELLERS OUT OF BUSINESS

WHY DID HE NOT BUY 8 MILLION SHARES YESTERDAY?
WHY PAY 24?
Harbin Electric responds to Citron Research's allegations concerning Mr. Yang Tianfu; reaffirms 'Going Private' proposal at $24.00 Per Share (6.98 )
Co responded to allegations made by Citron Research in a posting on CitronResearch.com dated June 16, 2011 as "yet another attempt to drive its stock price down that is based on factually incorrect as well as out-of- context information. Mr. Yang Tianfu's brother, Mr. Yang Tianli is not, and has never been, a member of the Board of Directors of Harbin Electric. There has never been a Civil Settlement. The case was settled privately approximately 10 years after the alleged facts with no admission of guilt by Mr. Yang Tianfu or Mr. Yang Tianli. The sole involvement of Mr. Yang Tianfu, in the referenced settlement agreement was to provide financial assistance to his brother, Yang Tianli, to settle a dispute to which neither Mr. Yang Tianfu himself nor Harbin Electric was a party. Mr. Yang Tianfu and the Company reserve the right to bring legal actions against Citron Research for these erroneous allegations"... "The Company has recently reconciled its PRC tax filings with its financial statements reported in the SEC filings for fiscal year 2009 and has not found any inconsistency in any material respect, and stands by the accuracy of its historical filings with the SEC. Finally, through discussions with China Development Bank Corporation Hong Kong Branch held on June 17, 2011 in Hong Kong, CDB confirmed that it would abide the Facility Agreement dated as of June 9, 2011 to provide a $400 million term loan to fund the proposed purchase of all of the outstanding shares of Common Stock of Harbin Electric by Mr. Yang Tianfu, Abax and their respective affiliates, subject to certain conditions."

me stupido again writing notes about stocks i do not own3J

Stock up $6 this morning to $14 level - still 40% of offer price.

Harbin Electric agrees to enter into merger agreement to be acquired for $24.00 per share in cash (8.38 ) : Co has entered into a definitive agreement and plan of merger with Tech Full Electric... Under the terms of the Merger Agreement, each of the co's shares of common stock issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive $24.00 in cash without interest, except for Shares owned by Parent and Merger Sub (including shares to be contributed to Parent by Mr. Tianfu Yang, affiliates of Abax Global Capital and certain employees and officers prior to the effective time of the merger pursuant to a contribution agreement between Parent, each member of the Purchasing Group and Tianfu Investments, company directly owning 100% of the equity interest in Parent). Collectively, the Purchasing Group beneficially owns approximately 40.6% of the outstanding Shares. The Company's Board of Directors, acting upon the unanimous recommendation of a special committee of the Board of Directors comprised of solely independent and disinterested directors approved and adopted the Merger Agreement and recommended that the Company's shareholders vote to approve the Merger Agreement.