Sunrise Real Estate Group Inc (PK) (SRRE)

They keep the 0.15 dividend in their Balance Sheet.

Dividends payable 10,303,789

Even though they don't mention anyting about it in the 10-Q.I think they will pay it as soon as SHDEW pays them.

An investigation of SHDEW by the local government according to the latest 10-Q.
Apparently the information that somebody had known and drove the price so low.
Obviously an over reaction with a capital O.

Quiet board here the Q looked great -

They just need to clarify how much money they received from SHDEW:

At some places they say

The Company received dividends from SHDEW of $16,472,315 in 2021

And at others:

A dividend from SHDEW of $33,109,692 was received in the first two quarters of 2021.

Unbelievable story here!
47c net income for the quarter!
P/E easily near zero!

Either somebody knows something bad that not many know and tries to get out as quickly as possible at crazy prices or somebody is in a harry or forced to sell at whatever price.

Sounds great funnyG986

$0.1 divy as well. $SRRE I am still holding a lot shares here since last dividend. All paid off and riding for free now.

Yes, great to see here... $SRRE

Yes.Happened ‘overnight’ as they say.Another great development.

SRRE now pink current

https://www.otcmarkets.com/stock/SRRE/disclosure

Yes.Perfect.Without doubt one of the cheapest stocks in the world at the monment despite giving a gift of $21Million to their chairman.
Perhaps deserved cause it seems it was his idea and initiative that led to the investment in the cosmetics company, even though probably the money was split between the board members.
Just hoping it doesn't become a habit.

SRRE divy $0.1, 8K just out

Amazing Q-10.Received another $24Million dividends from the cosmetics company!

Can anyone here confirm the relationship between Chen Ren and this company?

We sold 118 of 121 Phase 1 villas and pre-sold 85 villas out of all 88 units in Phase 2 as of July 31, 2020.

From last 10-K.

Nope

did you get the $0.1 divy a few while back?

Remembered this ticker randomly and checked in on how it was doing. I owned this probably 10 years ago when it was hot. It sank to pennies with no volume for several years and I assumed the company was dead. I put an order in the sell at .30 and it actually hit after 3 years. I can’t believe they have actual revenue and current ratio above 1.0. This looks like a great investment on paper. I don’t know how much I trust that paper though. Good luck to all

Anyone onboard is planning to join in person? $SRRE

I'm not going, an online meeting would be great.

anyone going ? I was trying to see if they can provide online meeting...

I did

Anyone here received a shareholder meeting invitation to Beijing on April 27? $SRRE

SRRE 10-K out. $46M net income in 2018. OMG! Market value only $28M ?!

https://www.otcmarkets.com/filing/html?id=13610364&guid=JsfIUqh88trRFEh

SRRE NT-10K, interesting info in it. NOTE:2017 net income $0.91 per share

Net revenues are expected to have decreased approximately 70% for the fiscal year ended December 31, 2018 as compared to the prior year. However, the increase in equity income from affiliates will more than offset the decline in net revenues. As a result, net income is expected to have increased in the fiscal year ended December 31, 2018 compared to 2017.

2018 net income is more than 2017! WEEEEEEEE

Agree. SRRE heading to dollar after the 10K

10K should be out any day now.

not in their filing. It's PR from their president

Dis you see this in one of their filings or somewhere else?

wait for September 2019, SRRE president announced subsidiary HK IPO in Sep 2019

Maybe next year they make it .15 or .20 per share...that would be nice. I added yesterday on that dip as well. Like taking candy from a baby $$$$

DIVI BACK IN THE ACCOUNT. for good this time lol. thank god

Adding at the perfect time. Buy the blood as they say... Not even sure what caused the sell off. 1 traders needed some gas money! ROFL.. Caused a ripple effect. Nothing has changed here.

SRRE going to add some more tomorrow. One of the subsidiaries Shanghai Da Er Wei Trading Company Limited (“SHDEW”) paid 2.1 Billion to Chinese government for 2018 Tax

Shanghai Da Er Wei Trading Company Limited (“SHDEW”) June 6, 2013 PRC 20.75%*** Equity investment Import and export trading

Just got a phone call from Etrade, they got the divy $ and will post it by tonight. Glad I added today!

BUY HIGH and SELL LOW.... This is why 95% of traders fail... Smart play is to buy the panic here...

I added today too. gift here

It was a buy at 1 dollar, so it is a steal here. I grabbed some for the cash drawer. :)

that's why I am wondering whether that's Etrade only or all brokers had the same issue

whoever has done the DD knows

No need to yell. Well, that didn't happen in my TDA account so must be some technical issue that will just need to get sorted out.

YES.

not sure what you mean when you say "reversed"? you see a transaction where the cash was removed from your account on Tuesday?

Buying opportunity. Anyone dumping is clearly losing money or hard up for cash.

called etrade. they said they took away the dividend because they never got paid. they fronted it to us, and now took it back. WTF!!

mine was deposited monday but got reversed tuesday

I use TDA and the divvy was deposited at end of the day Monday.

how about yours and which broker do you use ?

that's strange...might be a bookkeeping issue with your brokerage perhaps? I mean, they can't take a divvy away.