Yongye Biotech Intl (YGYB)

GeoGuidance Report:

 "China's government recently announced that land reform will take place through which farmers will be allowed to sell or trade their land rights. We expect this reform to lead to larger and better managed farms, which should increase demand for our products," said Mr. Wu. "China's government also recently announced a major economic stimulus program that includes rural development. Details of what will take place are not yet available, but should have the effect of raising rural incomes and increasing demand for higher quality food products."

We look forward to utilizing our new increased production capacity to meet growing demand for our products. We plan to continue growing by deepening the penetration of our distribution and sales network, and eventually broadening our geographic market coverage. We also plan to increase our ability to provide technical assistance to our customers and help them achieve the best possible results through use of our products," stated Mr. Wu.

 "As part of the private placement financing that took place in April 2008, we entered into a 'make good' agreement that set a target of a minimum of $10.3 million in net income for fiscal year 2008. I am pleased to report that we have exceeded our make good target as of the third quarter of 2008. We expect to achieve 2009 make good targets of $44 million in revenue and $15.2 million in net income."

Source: PR Newswire (November 13, 2008)

On September 18, 2008, Yongye Biotech International released a letter to its shareholders‌.

The GeoTeam™ is attempting to verify the outstanding shares as this could effect the future EPS growth rate.

The transaction includes a 'make good' provision based on the achievement of a net income target for the Company's 2008 fiscal year. Should the Company not achieve $10.3 million in fiscal 2008 net income, the purchasing shareholders in this transaction will receive 2,000,000 shares from the original shareholder for no additional consideration.

Source: PR Newswire (April 18, 2008)

Outstanding Shares: 20,000,374

Source: FORM 8-K ( April 17, 2008)

The Stock seems that it may meet the requirements to qualify as a GeoBargain. The GeoTeam will provide an update as soon as possible. We are still searching for a United States contact.The GeoTeam intends on purchasing shares in YGYB.