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Auction for roughly 350 Acres of Farmland Slated for tomorrow April 21 Opportunities to Bid on Three Gems of Hunterdon County
HUNTERDON COUNTY, N.J. – April 20, 2011 – (RealEstateRama) — Tomorrow, real estate investors and other interested buyers will have a golden opportunity to bid on three separate farms in scenic Hunterdon County.
Who: Max Spann Real Estate & Auction Co.
What: Auctions for three farm properties in Readington, Bethlehem and West Amwell, N.J.
When: Thursday, April 21 10 a.m. (Readington and Bethlehem properties)
1 p.m. (West Amwell property)
Where: Readington and Bethlehem Auctions:
Holiday Inn Select, 111 Main Street, Clinton, NJ
West Amwell Auction:
West Amwell Municipal Building, 150 Rockton-Lambertville Road, Lambertville, NJ
Clinton, NJ-based real estate auction house, Max Spann Real Estate & Auction Co., has been auctioning farm properties in New Jersey for several decades. This highly anticipated auction is expected to draw a large number of interested investors.
Last month in a competitive and well-attended auction, the firm sold an approximately 150-acre farm property in Monmouth County, N.J. for roughly $1.815 million ($12,200 per acre). Current agricultural land prices had been hovering between $4,000 and $7,000 per acre. The sales price of the Monmouth County property reflects the quality and value of these types of properties and investors' growing confidence in the rebounding real estate market.
The Readington property at 11 Higginsville Road features a country farmhouse with silos and a Morton-built barn on roughly 105 preserved acres and offers abundant storage and room for livestock. The property is ideally situated near Routes 202, 22, 31 and 287 and close to the rustic towns of Flemington, Somerville and Princeton.
The approximately 115-acre Charlestown Road farm lies just outside the historic town of Clinton in Bethlehem Township, close to Spruce Run State Park and Routes 78 and 31. This picturesque farm includes scenic pastures, mature woodlands and rushing streams. It is the perfect place for hunting, fishing and raising livestock.
The West Amwell property sits on roughly 130 acres of preserved farmland. Located at 1454 Old York Road (Route 179), the farm offers more than 2,200 feet of frontage on Route 179 and abundant tree stock. The buyer will have the opportunity to renovate this farm house or build a new country estate a short distance from the specialty shops, art galleries and fine dining of Lambertville and Princeton.
For more information about Max Spann's auctions, contact 908-735-9191, visit maxspann.com, or follow Max Spann on Facebook/MaxSpann and Twitter/MaxSpann.
About Jaffe Communications
Jaffe Communications, a full-service public relations, creative services and publishing firm, is a one-of-a-kind company.
To underscore our strong relationship with the media, as well as the uniqueness of cour communications company, Jaffe Communications is the only firm of its type credentialed as "working media" by the New Jersey Press Association/NJ State Police


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Victorian Branch is holding a photograph competition for members during the Australian Sheep & Wool Show in Bendigo (19, 20, 21 July 2019).
The categories are:
1. ASSBA Sheep on Farm
2. ASSBA Show Sheep
3. ASSBA Sheep & Personalities (familiar faces).
Entry Fee: $10.00 for the first photo; then $5.00 per photo thereafter.
Please contact the office for full details and an entry form - Karen Bond (03 5367 2901); email@example.com
Wiltshire Horn - Feature breed at the 2019 Royal Melbourne Show
Sheep Arrive Thursday September 19th - leave Monday 23rd September

subset: commoncrawl


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The Beginning
The Lord is close to the brokenhearted and saves those who are crushed in spirit. (Psalm 34-18) NIV
It is just me or is it very easy to feel all alone in this big world?
It feels like when times are good, everyone is around, HOWEVER, when things get thick you find yourself scrolling through your contact list and can't find a single person to share what keeps you awake at night staring at the ceiling in the dark.
If I'm being honest, more often than not I push everyone away. There is a comfort in silence from time to time. I don't feel like people can actually understand the thoughts in my head or my rollercoaster of emotions. HELL half the time I don't.
The gag is.........ISOLATION just isn't the best choice. Let's keep it real, that alone time gives your thoughts JUST enough time to make you believe all types of madness and lies!
This is what it takes to over come the feeling of being so far away from any person or place you can find comfort in.
You are worth someone listening to and you are worth someone caring when you just aren't right. We tend to minimize our emotions as "Not that serious or important" A very wise friend once told me " You can't control the thoughts that pop up in your head BUT you can control how long that thought stays." Get that "Me and what I'm feeling aren't important" thought out of your head! YOU MATTER!
A lot of times when we are feeling low WE distance ourselves from everyone. It is understandable that in the middle of the storm going out and acting like everything ok and plastering on a fake smile isn't the easiest thing in the universe to do. BUT! Taking a small step as simple as grabbing some headphones or a book and going to the park or to grab some coffee can do wonders for uplifting a spirit.
THIS RIGHT HERE! Will get you through more than a few storms. Let your sad moments be your sad moment but allow your self to laugh when something is funny. One of the ways to be successful at this step for me is to make someone else feel good or smile. For example: I grab my God baby and help her with homework or take her to the park or buy a friend flowers if they are in a tough season as well. A funny movie, children or that co-worker that is hilarious are also simple tools but helpful none the less.
Lovingly Signed
-I am Just Trying To Be A Better Person.


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Point check being disrespectful even if unintended value investment
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Commercial Sesame Seed Butter Grinder Machine GGJMS-80
This sesame seeds geinder machine is using different shape of stators and rotors, crushing under the high circulation. Grinding the material through cutting, milling, high- frequent-shaking.
This sesame seeds geinder machine is using different shape of stators and rotors, crushing under the high circulation. Grinding the material through cutting, milling, high- frequent-shaking.
best sell groundnut oil grinding machine 500TPD. Shandong Leader Machinery Co.,ltd. developed a new kind of best sell groundnut oil grinding machine 500TPD set (capacity 1~30 ton per day).Large Scale Oil Press is a screw press for continuous production, suitable for extraction of vegetable oil from soybean, peanut kernel, cotton seeds, coconut, colza seeds, sesame seeds,
May 07, 2010 · Based on a traditional Cuban sauce, my mojo uses cumin seed, fresh garlic, limes and oranges to create a pungent sauce that is essential for summer grilling. The best part? It can be mixed up in advance.
The resulting product of this machine is a separation of the water and meat of a tomato from the skin and the seeds. With the resulting product you can preserve the tomato for later usage or create a tomato sauce by cooking the resulting produced product to a thicker consistency.
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Feb 01, 2011 · wondering if anyone knows of a good method to grind up the buds/nugs/leaves for oil extraction thinking of blender/coffee grinder, but those are kind of small/troublesome.
I would like to grind up pumpkin and sunflower seeds into a fine powder to mix with my yoghurt. However, I don't know if there is a machine or tool that can do it! Looked at some blenders but the seeds maybe too small.
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A new social media outreach campaign is calling for all medical staff to vaccinate themselves against measles, chicken pox and whooping cough in the name of patient safety.
Last year's new legislation on transmittable diseases obligates employees working with at-risk patients to get vaccines for the illnesses mentioned, as well as a flu shot, before conducting their duties.
The vaccination-related article proper only came into effect in early March, and was first met by an opposing online campaign. This prior social media action criticised the obligatory nature of the call for vaccination (not, they say, the vaccines themselves), and emphasised each person's right to choose whether to be vaccinated or not.
The new campaign continues to gain ground by using a hashtag meaning "I protect the patient" (#minäsuojaanpotilasta) and "vaccinated" (#rokotettu). The Facebook page of the campaign currently boasts some 5,000 members.
Chair of the Finnish Medical Association, Marjo Parkkila-Harju went on Twitter to promote the pro-vaccination action on Friday.
"I challenge all medical professionals to support this cause! More than 2,200 doctors joined in overnight," her tweet read.


text: Matt Fisher joined Poyner Spruill on June 1, 2014 from the firm of Bode Hemphill, LLP. His practice focuses on the representation of health care providers, with an emphasis on Certificate of Need law. Matt's practice centers on the litigation of Certificate of Need awards and denials and assisting health care providers with the development of Certificate of Need applications. He also represents health care clients on licensure and certification issues, including appeals challenging certification and licensure survey decisions and penalties, and issues pertaining to DMA provider payment denial.


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by Travis Johnson, Stock Gumshoe | May 16, 2014 8:20 pm
Before I get churning with this week's Friday File, I want to take the opportunity to thank you, the Irregulars — and particularly the several new members we've had join up as Irregulars in the last few weeks — welcome to the club! Stock Gumshoe has always tried to balance how we do things, offering up a great free service to help folks think for themselves and avoid making marketing-driven decisions about investments and supporting that free service with advertising, but also trying to share some ideas and build a community of investors who are interested in thoughtful chatter about all kinds of investments.
As we've grown, the support of the Irregulars has meant we've been able to upgrade both our content and the technology we use to deliver it (we brought on four paid contributors in the last year who I think bring great perspective to our community, and who can write about topics that I don't understand, and we're spending a lot of that Irregulars money on upgrading the site to add some features, make it more stable, and upgrade our servers in the next month or so). Hopefully all of this is completely unnoticed by you (other than the occasional smile at a new feature or the gift of an extra second of your time as the site loads faster), because that means we'll have just been quietly helping the foundation stay sturdy while the spires of Castle Gumshoe grow off in all directions… but I do want you to know that I appreciate the contribution you make to keeping this site going (and growing).
Now, back to our regularly scheduled programming.
The last few months have had me thinking some more about emerging and frontier markets — partly because there was quite a bit of chatter about these markets when they bottomed out again in February and early March, partly because several of my holdings in foreign countries have generated some news of late, and partly because, well, I remain pretty cautious about the big, developed debt-fueled countries and their ability to grow enough to justify the valuations we see in the broader market. If even the United States economy can't post above-average growth this year, with the tremendous capital available to invest at extremely low rates, it's hard to justify buying average companies who might be dependent on economies with demographic challenges and below-average growth. The economy is chugging along but the stock market has boomed, the kind of environment that sends you searching for the unusual, the cheap, or the unknown.
When I think about what investments might do in the 10 or 20 years that I'd like to own them (or longer), I feel more comfortable with the prices I'd pay now relative to potential growth in some foreign markets than I do with the prices I have to pay to buy good stocks in the US. Of course, a lot of this potential comes with substantial risk… so I diversify (probably overdiversify) my portfolio and don't make big bets on such stocks, because even with a very long time horizon I don't take great joy in holdings that drop by 50% or more.
So that's the big picture. The small picture, of course, brings lots of worries — smaller companies in overseas markets bring a substantial amount of currency risk (even if the company does everything in its power very well, as US investors we might find that their earnings in US$ terms are lousy if their currency is falling versus the dollar), they are often harder to research or trade, the accounting is sometimes different, etc. etc. And I have had plenty of losing bets in emerging and frontier markets over the years, both because of badly managed companies and because of investor boycotts of emerging markets (and because of plain old bad choices on my part).
My general preference is to have some expert help in managing these kinds of investments in areas where I have absolutely no idea how to pick or trade stocks, but in places where there are reasonable, somewhat liquid and tradable stocks with decent filings that I can understand I do like to nibble from time to time on ideas that pop their head up and catch my attention. You can see that in my personal portfolio, with names like Africa Opportunity Fund, Brazil Fast Food, Mail.ru and others — and in stocks I have focused on for the Irregulars in the past but don't personally own (dammit), like Nagacorp in Cambodia. And though I try to buy these stocks when they look unusually cheap, I really resist selling them just because they become pricier — that's mostly because the regrets of stocks long sold haunt me, and it's probably a personal weakness (next time you run into me at a bar looking maudlin, I'll probably be thinking about the 100% profits I booked in Tencent five years ago… before it went up another 1,500%).
But I do have a sale today, future regrets be damned, so let me start with burgers.
The story of Brazil Fast Food (BOBS) has been a fascinating one for several years now, and I think it's finally time to make a change to that position in my portfolio. Brazil Fast Food is owner of the Bob's hamburger chain in Brazil, which is basically their homegrown version of McDonald's (it was founded by an American in 1952), so they franchise out those stores and also run a few themselves, and they also own franchises for Pizza Hut and KFC that have generally grown very nicely over the years (along with a few other businesses, including a Chilean hot dog chain and a yogurt chain). I bought and recommended BOBS four years ago[1] because it was unbelievably cheap for a fast food chain in an "emerging middle class" economy like Brazil, where there should be huge growth potential, and it has done very well. We were also anticipating substantial gains from the arrival of the FIFA World Cup in Brazil, which starts in less than a month now, and the next Summer Olympics, which will hit Brazil in 2016.
The stock has been a good performer in part because they've restructured over the years, focusing more on franchising (which is a great model, using other peoples' money to grow) and on expanding their portfolio of brands and flexibly building out smaller kiosk models and the like. But it's a very tough business environment for them right now in Brazil, and has been for a year or more, with increasing competition from global brands (Burger King is now owned by Brazilian investors, McDonald's is continuing to push into the market more aggressively) and regulatory pressures both on their costs (particularly labor costs) and on their menu (obesity taxes and the like) in Brazil's current low-growth, high inflation straits. This hit my brain earlier in the week because they released their first quarterly results (they no longer file with the SEC, which was not in itself quite enough reason to sell but is frustrating in that it limits the data they share… they do issue the press releases and provide some detail on their finances).
Here's what the CEO, Ricardo Bomeny, said about their first quarter results this week[2]:
"We continued to experience a very challenging operating environment in Brazil's fast food industry during the first quarter of 2014, characterized by escalating costs for food and labor, muted growth in incomes and consumer spending. The market environment has also turned increasingly competitive, due to significant branding efforts of one of our established competitors sponsoring the upcoming FIFA World Cup. Renewed efforts of established international brands to increase share in Brazil created fierce competition between incumbents and expanding international brands in fast food. This has required increased investment in branding, facilities and promotions, and made it challenging to pass through these higher costs to our customers. While our revenues continued to expand at over 14%, our profitability dropped significantly as compared to the first quarter of 2013, with operating income down 35,2%"
What does that translate into? Earnings per share of R$ 0.56, which is about 25 cents in US$. Dramatically worse than last year because of higher costs, flattish revenue and a generally weak operating performance — despite the fact that they continue to add new locations and bring in more franchise fees (many of the new locations are smaller or kiosks).
And, as management said when they tried to buy the company out from under shareholders at $15.50 last Fall, competition is continuing to heat up. That means they have to invest more in promotion and in refreshing stores. Timing might be good for that if they are able to get a boost at all from the World Cup, which would mollify their franchise owners and make some of them happier about investing in facelifts and upgrades for the stores, but it's not necessarily going to be easy — Brazil Fast Food has seen tightening margins for their owned and operated stores, which hasn't hit their financials too hard because franchising has been a growing part of income for them, but those same margin pressures are also pressuring their franchise owners.
I think BOBS management is still likely doing a decent job — they're in a very challenging environment with high cost inflation and a weak Brazilian economy, and their competitors are bigger and stronger and are spending more on marketing. BOBS is still possibly a good long-term investment, management owns the majority of the company and is probably making sensible choices about where to invest and grow, but I think we're topping out and BOBS is now overvalued. I will be selling my shares above $18 in the coming week (unless they collapse well below that level on Monday, of course — I'll let you know if my personal sale is delayed).
Several times over the last couple years I've considered swapping out of BOBS and putting that capital to work in Arcos Dorados (ARCO) instead (ARCO is the master franchise owner for McDonald's in Latin America), but BOBS continued to look cheap and reasonable. A year ago, for example, we were looking at BOBS with a trailing PE of under 10 and the anticipation that buildup to the World Cup would likely increase investor interest in the stock, so I held on.
Now, however, I think BOBS is overvalued at 18X trailing earnings (past four quarters totaled up to 99 cents in earnings at current exchange rates) and likely to have weak earnings for at least the next couple quarters, with probably no earnings growth in the near future, so I'm selling because I think that's likely to mean a pretty hard downdraft for BOBS shares and they're illiquid and hard to sell when the price is dropping… but I'm not yet decided on ARCO. ARCO is far larger, is a bit more complicated, and may get a solid boost from the World Cup (since McDonald's is a major sponsor), but ARCO is currently a wounded whale thanks to competition and inflation in Brazil, regulatory problems in Mexico, tumult in Venezuela, and inflation in Argentina … and is still transitioning from the growth stock that the world thought they would be when they went public a few years ago into what is almost a deep value stock (it was one of the more interesting ideas at the Value Investing Congress, as I noted here[3]). So I'll be holding proceeds from that BOBS sale in cash for now, but keeping an eye on ARCO — I'll let you know if I decide to buy shares.
You, of course, might well choose to do something completely different — I have little certainty about where BOBS will be in a year, but I wouldn't buy at this price and my thoughts about the risks in Brazil and in their competitive business tell me that means I should sell and take profits from a very nice multi-year run. It's important to remember that if you are inclined to sell an illiquid small cap stock, particularly a foreign one with limited US trading, it's far easier to do so when the stock is going up… when they do fall, they sometimes fall quite quickly.
And on the other side of the world, in a country that is even more dependent on China than is Brazil, we have… Mongolia. The growth darling of frontier markets a few years ago, the poster child for nonviolent political risk, and still one of the fastest growing economies in the world. We touched on Mongolia a few times back when every growth investor loved the country, but haven't checked in for a while.
Mongolia itself is a small cap to a degree that's a little bit hard to imagine for US investors — The country is physically large, roughly the size of Alaska, and home to a wealth of natural resources, but the Mongolian GDP puts the size of their economy at just over $10 billion, that's what it produces in goods and services in a given year. (That's from 2012, before the Oyu Tolgoi mine opened but it won't be dramatically higher in 2013 during the initial ramp up of the mine and the associated development. Alaska's GDP, in case you're curious, is almost $50 billion thanks to oil.) That means the Mongolian economy is less than half the size of El Salvador's, and slightly bigger than Laos or The Bahamas. That's largely because the population is tiny (three million people, about a third of whom live in and around the Capital… though that is, to continue our largely pointless comparison, three times the population of Alaska) and it's been a subsistence-based nomadic economy for decades, relying on cashmere sales and small scale (at least after the Russians left) coal sales for their foreign exchange.
So the base is extremely small, which is why Mongolia can post huge GDP growth from a relatively small amount of foreign investment and economic development — the GDP is likely to continue growing at between 10-15% for the next few years as Oyu Tolgoi ramps up to full capacity (projections are for this one mega-mine to account for more than a quarter of Mongolian GDP in the next decade) and Tavan Tolgoi (a nearby mega coal mine) gets fully developed, and the government (which has already issued bonds, pretty successfully, for this purpose) invests to upgrade the infrastructure, including rail lines, roads, and upgrades to utilities and roadways in the capital, Ulanbaatar.
That's the background, with the assumption that copper, coal, gold, silver and perhaps oil will bring long term growth to Mongolia after several decades of no real development. And that has spurred a lot of interest among foreign investors over the years, particularly in 2010 and 2011 when Oyu Tolgoi was just starting to be built and the government had not yet stepped in with additional demands to scare off foreign investors. The fall in commodity prices and fear of China's waning growth (Mongolia's exports go almost exclusively to China), along with the difficulty in funding mineral exploration projects, seems to have forced Mongolian politicians to realize that they went a step too far in deterring foreign investment. The pendulum seems to be swinging back the other way now, with new leadership and a focus on investing for better-managed economic growth (I'm certainly no expert on Mongolian politics, that's just my impression from loosely following them in the news for a few years — there's an interesting recent article here from The Guardian[4] if you want to get an idea of the current state of the country). And that makes me a bit more optimistic about my one real investment in Mongolia, Mongolia Growth Group (YAK in Canada, MNGGF on the pink sheets), a very speculative long-term investment that I've mentioned a few times and that has periodically been teased by Chris Mayer for his newsletters.
YAK has been around for several years and has had some existential problems for much of that time, particularly in figuring out exactly what they were going to invest in and how they were going to grow and become profitable. The initial strategy was essentially just that a few hedge fund guys wanted to take some long-term equity and create a Mongolian company because the country was clearly going to show tremendous growth but there wasn't anything really investable in the country yet — so they raised capital, including a lot of their own money, and listed on an alternative exchange in Canada and started throwing money at building a company that should benefit from Mongolia's expected boom without being in the mining business.
They started by funding an insurance company in Mongolia and buying up condos and office buildings to serve the huge rush of expatriates who were rolling into town to make deals and didn't want to live in a ger — with founder and then-CEO Harris Kupperman essentially, or so it seemed to me, flying into town and buying whatever was for sale. That strategy morphed a few times over the years, with investments in undeveloped property basically just sitting idle and with a gradual improvement in rents as they leased space and raised rents when leases expired, but they didn't seem to be making a lot of headway.
So they sold their insurance company Mandal, which was tiny, and decided that they would refocus solely on real estate development — including an effort to make their holdings much more centralized and efficient. To that end Mongolia Growth Group recently went out and got a new CEO, Paul Byrne, who has worked in emerging economies as a real estate developer and who has quickly moved to bring focus on a plan of building a large commercial real estate management company. That's going to require (more) money than being a somewhat rudderless owner of miscellaneous buildings in a far away land, so they've been selling off non-core assets to focus on their best office properties and, more importantly, on their key commercial space, mostly "high street" retail that's in demand as international brands follow the money into Ulanbaatar. Paul Byrne's introduction to the shareholders of Mongolia Growth Group is here[5].
What Mongolia Growth would like, above all, is to be the company Starbucks calls when they get the urge to put five coffee shops in downtown Ulanbaatar. The goal is to bring in outside capital to fund major redevelopment projects, getting up to scale much more quickly, and to do that they either need to create captive investment pools like a separate REIT or private equity funds, or they need to sell a lot of shares or borrow money. I suspect they'll add a bit of leverage to the balance sheet, but they want primarily to lever their expertise in Mongolian property management by using other peoples' money — contributing land or undeveloped property and expertise and using investment funds from outside the company, then maintaining partial ownership and getting management fee income. The founders continue to be large shareholders, and the new CEO bought shares at the market price when he was hired, and they seem to be resistant to the idea of mass equity dilution… which is good.
It sounds like a rational plan, and real estate should be a substantial beneficiary of Mongolia's still somewhat unclear urban renewal and development plans as the economy grows, so I'm willing to go along for the ride. They have so far raised about C$50 million and spent about C$40 million on acquiring property, so at an $80 million market cap right now they trade for about twice what they've invested in building their assets (I don't know if that investment includes their renovation or redevelopment work). After three years of ups and downs in Mongolia, and given the uncertainty of knowing what the fair value is of their property portfolio now, I think that's still a reasonable valuation for a very speculative, long-term play on Mongolian development.
I started buying Mongolia Growth Group last year when it fell to $3, and added a wee bit more to my holdings today in the US$2.20 neighborhood — this is certainly yet another play that's dependent on commodity pricing and Chinese demand, at least to some degree (since Mongolia's development is being fueled by copper and coal, their only real near-term assets of great value), so I'm mindful of that as I assess the risk of my portfolio, but this is another of the small investments I make that are basically ways of getting experts to manage money for you in a market where you couldn't reasonably invest on your own — in this case, "boom town" Mongolian real estate.
Another area where I look for expert investors to manage money for me is in Africa, where over the last year or so I've built a position in a London-traded closed end fund called Africa Opportunity Fund (AOF in London, AROFF on the pink sheets). There's no particularly big news out of that fund, and it's not necessarily a bargain buy right now (it's trading for almost exactly what the most recently reported net asset value per share was), but they just altered their listing in London a bit and management recently raised some money so that they can go after additional investment opportunities… so it seemed worth checking in. This is a value investing fund, with a hedge fund fee structure (2% of assets/20% of gains over a hurdle amount), and they are pretty diversified across the continent but have particularly large investments in Ghana, Senegal and Zambia and substantial sector weightings in financial services, retail, telecom and mining. Unlike the Africa ETFs, their holdings are not dominated by South Africa, which is the most mature economy in Subsaharan Africa and, I think, a generally less compelling growth story than Senegal, Kenya, Tanzania, Zambia, Ghana and elsewhere. They also, coincidentally, have been mentioned by Chris Mayer in the past[6].
AOF recently moved to change its listing structure, essentially listing itself as a publicly traded fund on the LSE rather than as a corporation on the small-cap AIM, which seems to be of limited importance to small individual shareholders like myself — but for a closed-end fund like this to have cash to invest, they have to sell more shares. They just did so, creating a new class of "C" shares that they sold for a dollar apiece (the regular shares were around $1.20 at the time, and are still). This created a little bit of confusion because some folks initially thought that this meant the new shares were at a discount to net asset value — but that's not actually the case.
In fact, what they did was raise a separate pool of capital by selling these C shares, which have the ticker AOFC in London — they will invest that capital into their ideas using their portfolio strategy, but still as a separate pool, and then, once more than 85% of the cash raised has been invested, the C shares should be converted to regular shares based on the net asset values of both C and regular shares at the time of conversion (so it won't be 1:1). Here's what they said in the prospectus:
"On such conversion, each holder of C Shares will receive such number of Ordinary Shares as equals the number of C Shares held by them multiplied by the Net Asset Value per C Share and divided by the Net Asset Value per Ordinary Share (subject to a discount of 5 per cent.), in each case as at a date shortly prior to Conversion."
So there's some chance that the C shares will end up getting a little boost when they are converted, since they'll get that 5% discount at conversion… but it's not a huge discount, and the pool of funds being invested for these C shares will presumably not be in exactly the same investments as the current portfolio, nor at exactly the same weightings, so it's pretty much impossible to tell which class of shares will be better a year from now — though if they get a big idea that requires a large investment in the next couple months, that investment would likely be made using the C share capital. Right now, the net asset value of regular shares is $1.20 (as of April 30 — they report NAV monthly here[7]) and the NAV of the C shares is 97 cents. Conversion could also be delayed if litigation over the fund's holding in Shoprite shares is underway in six months, which is possible (they're apparently going to be sued for buying shares that Shoprite says they sold by mistake … they don't seem terribly worried, but it's the kind of wackiness you can get in immature markets and perhaps a good reason to use a fund manager). Essentially, buying C shares instead of regular shares now means you think the ideas they are looking to invest in with new capital right now will do better than the ideas that are already in their portfolio. Or, you don't really care and you just want to buy whichever one happens to trade at a discount to NAV on any given day. Hard to predict whether the next six months or year will bring any drama, so I'm happy owning the regular shares — I didn't buy any of the C shares in the offering.
Fund management is still sounding optimistic, they reported that their own internal assessment of the value of the portfolio was at $1.48/share for the regular shares as of March (trading closed at $1.22), and this is from their March newsletter[8]:
"Outlook: We believe that AOF's portfolio possesses undervalued companies. Its top 10 holdings combined offer a weighted average dividend yield of 3.6%, a P/E ratio of 15.1X, a return on assets of 8.1% and a return on equity of 13.8%. We are excited by these attractive valuation metrics and remain optimistic about AOF's prospects."
So those are some of the ideas that have come to mind this week when it comes to risky overseas investments in our Gumshoe Universe.
And I also noted that Ligand (LGND), my biggest biotech holding, reported this week. If you're new to Ligand, it is a pharmaceutical royalty company — they own rights to a portfolio of 100 or so compounds that are either acquired or legacy assets from their previous life as a drug developer, or drugs that are enabled by their Captisol technology (that's a delivery material — essentially, a compound that improves solubility and makes it easier to create injectable drugs). They try to partner all of these compounds with biotech or pharma companies that spend money to advance the research and put the drug through clinical trials, and then if and when the drug is commercialized Ligand gets royalties (the royalty rates vary widely, from 1%-10% mostly) on the sales, along with sometimes milestone payments along the way when drugs clear various hurdles.
Ligand is still on the track it has followed since we started looking at them last Summer, it still has nearly 100 "shots on goal" in the form of fully-funded programs being carried out by their partners, and the company is gradually ramping up earnings thanks to growth in sales for their two largest programs, Kyprolis and Promacta, and to new product releases and milestone payments.
The big driver for any upside surprise above what's expected would be if Duavee from Pfizer gets out of the gate with high sales very quickly, which is pretty unknowable even by Pfizer at this point (it just launched, Pfizer seems secretly hopeful that it will grow to be a blockbuster), and what the results are of Ligand's own Phase 1 trial in their new diabetes drug that's currently called LGD-6972. The goal for their diabetes drug is to get a bit of data in to validate the efficacy and safety of that compound later this year, enough that it gets a good partnership deal from someone who can invest millions into more clinical trials and provide Ligand with milestone payments and royalties as it moves through the approval process and (if) begins sales.
This quarter was slightly weak due to lower Promacta and Kyprolis sales, but they're not sure why — that's the downside of being a royalty owner, you don't talk to the sales force or see the granular data, you're passive. There are guesses that it's a bit seasonal, or that Promacta's rollout in Hepaticis C-related treatment is slowed by overwhelming new interest in Gilead's new drug that is bringing new patients into the doctor's office (not a competitor, but a distraction), or even that the "polar vortex" might have slightly slowed orders in the quarter, but those are just that — guesses — and we'll have to wait and see what the year brings.
Their revenue is generally somewhat back-loaded because royalties are often tiered by annual sales — so the first royalties of the year can be at a lower percentage. LGND is still offering the same 2014 guidance of $1.40-1.45 in non-GAAP diluted earnings for the year — analysts are not pushing above that, the average analyst expects $1.45, but they are gradually raising their expectations for next year to be over $2.40 in earnings. So we're still talking about a stock that trades for 25X next year's expected earnings, and I still like it for incremental nibbling in the low $60s… with fingers crossed that the market will swoon at some point and bring the shares down to really attractive prices to load up again.
Buying growth is expensive sometimes, but when you're buying growth in a non-capital-intensive business like this, where the revenue can scale up dramatically without requiring any more money from Ligand, it can really be worthwhile — Ligand doesn't have to spend anything to earn most of their cash (the existing large royalty streams), and they have a strong eye on keeping expenses limited and only investing enough in new R&D (like their diabetes compound) to make it interesting for someone with deeper pockets. Many biotechs have extremely smart people running them, and they pursue fantastic science, but not a lot of them are focused on the efficiency of their R&D spending or the financial risks of swinging for home runs. I'm glad they aren't because that's sometimes how amazing discoveries with questionable economics are made, but it doesn't make biotech investing easy.
I'll let Dr. KSS[9] and others find and explain the great science and the potential winners, I like sticking with great financiers and managers in markets where I don't personally have any expertise — and the folks at LGND are born-again penny-pinching capital-protecting profit lovers in an industry where losing money in pursuit of breakthroughs is often a badge of honor. It's still an expensive company that's heavily reliant on just two products, so there's plenty of risk, but this is my favorite risky growth/momentum investment these days and I think they can compound earnings dramatically over the next several years.
My largest qualm about LGND is that they're not seeing insider buying — there was a bit last year when it was still looking quite cheap, but there was quite a bit more selling when the shares hit the high $70s. Insider selling by itself doesn't bother me, officers and early investors in companies rely heavily on future share price spikes to create their returns, so it makes sense for them to sell some when huge gains are made (large holder BVF, a biotech activist hedge fund, helped create the current LGND business model and was heavily invested in the stock when it was down in the $8-15 range several years ago, so they'd be irresponsible to their shareholders not to lighten up now, for example). But still, I'd feel better if officers were nibbling like I have been at these prices (my last buy was around $62 or so, last month).
Finally, I can't talk about emerging markets without mentioning Russia. I've heard plenty of recommendations to invest in the broader Russian market in recent weeks, since everyone likes to be the one who said they bought with "blood in the streets" during a political crisis, and Russia is cheap (and was cheap before the crisis in Crimea, too).
Big names like James Grant have been climbing all over themselves to call our attention to the fact that Gazprom (OGZD in London, OGZPY on the pink sheets), standard bearer for Putin's Russia, is among the cheapest stocks in the world — though it is also, we're frequently told, among the worst-managed stocks in the world (Grant suggested Gazprom at the Ira Sohn conference recently, essentially saying that yes, it's a bad company but it's hard to imagine anything bad about it that's not priced in at 2.5X earnings with a 5% yield). Gazprom has also been teased for over a year by the Oxford Club as the "most profitable energy company in the world"[10] and the "secret" stock you've never heard of and weren't allowed to own … but their argument was that Gazprom was on the verge of getting a US listing, and that ain't gonna happen now. There sure hasn't been much reason to own it yet, it was cheap last year at about three times earnings, and it's still cheap at about three times earnings, but it's true that sometimes stocks are just so cheap that there's no reason NOT to own them — I resist this time, for whatever reason. Gazprom is the cheapest real company I've ever seen, but I'm not buying it.
I have, however, been holding a much more expensive stock that's also controversial and Russian, Mail.ru (MAIL in London, MLRUY on the pink sheets) — which is basically a web portal, online gaming, and social networking company in Russia, the only real substantial Russian internet company other than search engine Yandex (YNDX). Mail.ru was an early investor in facebook (and Groupon and Zynga, which they bragged about less) and paid out large special dividends over the last year or so as it monetized that facebook holding post-IPO, and they're also controlled by a Russian oligarch, Alisher Usmanov, and have spent the last year in the middle of a dispute over the future of Vkontakte, the "Russian Facebook" that they essentially now control. Vkontakte, which Mail.ru now owns 52%[11] of, and Odnoklassniki, are by far the two largest Russian language social networks, with facebook a distant third, and Mail.ru owns Odnoklassniki outright, so they are clearly focused on this as a major growth driver.
Right now, though, it's a Russian company that is extremely profitable and has been growing nicely … but with a sideline business in Vkontakte, worth perhaps a couple billion dollars (the current overall market cap for Mail.ru is around $6 billion) that has over the last month become of a management disaster — the creator of Vkontakte, Pavel Durov, has fled the country[12] after either being fired or quitting, and no one really seems to know what's happening. Free speech and social networking is a politically touchy subject in Russia, so the hand of the government is certainly reaching in to Mail.ru and Vkontakte — I just don't know what that will end up meaning in the end.
So I'm likely to look for an exit price on Mail.ru in the near future — Russia remains the last great growth market for the internet, and Mail.ru's gaming and advertising revenue climbed very nicely over the last year… but as Crimea continues to escalate I'm suspicious about how much global marketing spend will go to Russia. And even Durov, on his way out the door, said that maybe Russia just isn't ready for the internet. I've booked some decent gains from Mail.ru over the past couple years thanks to their large special facebook dividends, but I think I'm about ready to be done with this one. I will wait until my three day waiting period expires, since I'm mentioning the company today, but unless something changes my mind I'll likely be exiting that position soon.
Have a great weekend, all.
Source URL: https://www.stockgumshoe.com/2014/05/brazilian-burgers-mongolian-real-estate-africa-and-ligand/
Copyright ©2019 Stock Gumshoe unless otherwise noted.


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Mahuva is a Town and Taluka in Bhavnagar district of Gujarat state in India. Total number of villages in this Taluka is 131. Gujarati language is widely spoken in Mahuva. Mahuva Taluka sex ratio is 973 females per 1000 of males.
Mahuva Taluka Population
According to 2011 census total population of Mahuva is 369,239 people are living in this Taluka, of which 187,157 are male and 182,082 are female. Expected Population of Mahuva Taluka in 2019 is between 358,162 and 443,087. Literate people are 206,712 out of 124,467 are male and 82,245 are female. Total workers are 156,690 depends on multi skills out of which 102,365 are men and 54,325 are women. Total 40,816 Cultivators are depended on agriculture farming out of 33,388 are cultivated by men and 7,428 are women. 59,006 people works in agricultural land as a labour in Mahuva, men are 35,281 and 23,725 are women. Add Business, Place, Favourite Spots to Map in Mahuva
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Find more information related to Mahuva from the Map Search
Mahuva Taluka barchart on population, literacy, workers & households
Every Indian Taluka got a Story, Share with every one if you know anything about Mahuva Wiki
Mahuva Taluka Villages List
List of Towns and Villages in Mahuva Taluka. Total Number of Villages in this Taluka are 131.
- Jesar
- Vavdi
- Kotiya
- Kalmodar
- Ratanpar
- Karmadiya
- Matalpar
- Beda
- Chhapariyali
- Karjala
- Kobadiya
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- Dharai
- Dudana
- Borla
- Samadhiyala
- Kumbhariya
- Gundarana
- Mota Malpara
Know about Bhavnagar District
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Marins Ollie: Her nose is just hooked and big and ugly
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Lucas Barker: Yea I'm from LA and the guys I've dated were nothing like that
Chester Izzy: Can you do a video on not dating anyone
River Jade: Loooooool the gal speaking Russian nods when he asks if he's right #awkwardturtle


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July 17, 2019
Men who lost family members in Max crash seek safety changes
Two men who lost family members in the crash of a Boeing 737 Max airliner in Ethiopia called on Congress to change Federal ...
July 17, 2019
Despite grounding of Boeing plane, United 2Q profit rises
United Airlines glided through the first part of summer, as strong travel demand pushed average fares higher, but the ...
July 16, 2019
6 minutes: Man haunted by family's final moments on 737 Max
When Paul Njoroge gets on an airplane, he becomes fixated on the first few minutes after takeoff. "I have to look at my watch ...
July 16, 2019
Boeing jet trouble leads to cuts at Europe's busiest airline
Europe's biggest airline, budget carrier Ryanair, will cut flights and close some of its bases beginning this winter because ...
July 12, 2019
Sudden turbulence that injured dozens is hard to predict
Passengers on a flight from Canada to Australia said they had no warning about turbulence that suddenly slammed people into ...
July 11, 2019
APNewsBreak: Customs clarifies policy on plane ID searches
U.S. Customs and Border Protection is clarifying that airline passengers aren't required to submit to identification checks ...
July 11, 2019
Senate committee approves FAA nominee over Dem objections
President Donald Trump's nominee to lead the Federal Aviation Administration won approval from a Senate committee Wednesday ...
July 09, 2019
France to slap new 'ecotax' on plane tickets from 2020
France will introduce a new charge on plane tickets from next year, with revenue used to fund environment-friendly ...
July 08, 2019
British Airways faces $229 million fine over data breach
British Airways is facing a 183 million-pound ($229 million) fine over a breach that compromised information on half a ...
July 07, 2019
Nominee to lead FAA faces questions about tenure at Delta
The Federal Aviation Administration is looking into whether Delta Air Lines violated FAA rules about promoting safety at a ...
July 05, 2019
Some Kenyan families reject Boeing's compensation for crash
Fifteen Kenyan families of people killed in a plane crash in Ethiopia in March on Friday rejected a proposal by Boeing to ...
July 03, 2019
Boeing to pay $100 million to crash families, communities
Boeing said Wednesday that it will provide an "initial investment" of $100 million over several years to help families and ...
June 28, 2019
Boeing aims to finish software fix to 737 Max in September
Boeing says it expects to finish work on updated flight-control software for the 737 Max in September, a sign that the ...
June 27, 2019
New software glitch found in Boeing's troubled 737 Max jet
A new software problem has been found in the troubled Boeing 737 Max that could push the plane's nose down automatically, and ...
June 26, 2019
Pride or protest? Disillusioned plan their own LGBTQ march
One of the biggest celebrations of LGBT pride in New York City history will culminate Sunday with not one, but two ...
June 22, 2019
The Latest: Trump says he's in 'no hurry' to strike Iran
The latest on The United States and Iran's tensions over the shoot-down of a massive U.S. drone (all times local): 8:10 p.m.
June 21, 2019
EVA Air attendants strike halts flights for 1,000s in Taiwan
A strike by flight attendants at EVA Air, Taiwan's second-largest airline, has left thousands of passengers scrambling for ...
June 20, 2019
The Latest: Russian private military contractors in Syria
The Latest on Russian President Vladimir Putin's annual call-in show (all times local): 6:55 p.m. President Vladimir Putin ...
June 19, 2019
Pilots criticize Boeing for mistakes on its grounded jet
Airline union leaders and a famed former pilot said Wednesday that Boeing made mistakes while developing the 737 Max, and the ...
June 19, 2019
American Airlines deal boosts Airbus's new long-range jet
American Airlines is buying 50 new long-range planes from Airbus, giving a big boost to the just-launched A321XLR model and ...
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転職・求人情報の詳細をご覧になる場合は会員登録(無料) が必要です
|Social and Digital Media Specialist【外資系メイクアップ・スキンケア総合ブランド】
> Optimize ROI of Social & Digital meida of Divisions/Brands as the representative of NOA by effetively cordinating
among Agencies, Social platforms, Search engine companies and our brands
> Give strategic suggestions/advices to Divisions/Brands on strategies and action plans including Advertising regarding
Social platforms and Search engines.
> Manage Quarterly Business Review meetings with each Social platform, Search engine and NOA stakeholders
including Country GM, Division GMs and Digital heads of divisions.
> Implement Head Quarter's direction by cordinating among Agencies, Social platform companies and our brands.
> Build good partnership with Zone Digital & Media team and catch up the best practices or new regulations for Social/
Influencer activities. Share them with NOA Digital team and make sure of the implementation.
> Build "Influencer advisory strategy" for NOA and identify the candidates, select the one based on the collective
agreement among key stakeholders of NOA and sign a contract.
> Manage the activities of the influencer advisory to up-grade influencer management skill of our brands.
> Make consolidated reports on Social & Influencers activities of NOA as well as Japan market. Share the reports with
stakeholders in NOA and Head Quarter.
> Understand and search the Social & Influencers trends and make reports including proposal for our future strategy.
> Support and report to Media Manager
【必須(MUST)】> More than 5 years experience of ……….
working in (durable) consumer goods companies focusing on Social
marketing and community management.
- Or, working in agencies for consumer goods companies focusing on
Social marketing & community management
> Good communication skill both in Japanese & English
Good project management and coordination skill in own areas
> Good PC skill: Excel, Power point, etc.


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Our client, a global company, is one of the world leaders in condition monitoring systems for use in sub station applications. The system has been designed to ensure the continual smooth operation of substations thereby minimising breaks in supply and avoiding the expensive penalties faced by the operators. The client's system design has been recognised as being one of the leading edge solutions available in the marketplace and has positioned them very clearly ahead of any competition.
The system required for the design and supply of a data acquisition system that was able to withstand the harsh environment plus be able to offer the 24/7 continual operation needed in a critical industrial application.
Each substation would have a number of data acquisition systems networked to a central control room for continuous monitoring. Each of these systems would perform a number of measurements to monitor the performance and detect possible faults so that preventive maintenance could be carried out before any potential failure.
The Amplicon application engineering team were involved at all stages of the design; PXI was chosen as the best solution because of its ability to withstand the environmental conditions, deliver local processing of captured data; with front loading cards and modules any repair/maintenance issues are minimised, offering a low mean time to repair (MTTR) solution. By processing data locally the amount of data being transferred over the network to the control room was significantly reduced. As well as the data acquisition system, Amplicon supplied the managed industrial Ethernet switches plus an Integrated 19' cabinets with PC's, networking switches and keyboard/display fitted; this presented to the end-user a compact easily maintained system able to capture and network information from the PXI systems to the control room.
The sub station monitoring system designed by the client is now recognised as a market-leading solution and it has been adopted by many governments and power providers across the world.
By working with the Amplicon engineering team, plus the experience of the PXI specialists the client could rely on a supplier who provided a complete solution that capitalised on their world leading design without compromising quality, space or maintenance requirements.


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Good drinks and good pizza. Staff is always friendly. Love the downtown atmosphere
I like the set up of the diner. Food and drinks always delicious with a friendly staff. I'm obsessed with the pork wings!
If visiting then you cannot go wrong with this place. Food is always delicious with a friendly staff
So bad I can't even give it a 1. VERY exspensive for a very small amount of Oysters! Service was terrible! They were very unprepared for Mother's Day! Fried oysters ...
It changed my life. Try the bistro stuffed peppers. Great selection of top shelf Scotch. Farm to table meat fish and produce.
Good crepes, kind service, and good prices! I enjoyed the banana, Nutella and nut crepe.
Fantastic food it moved locations a little while ago and the quality is still great.
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text: The county is reinstating a previously eliminated Hollywood run, Route 8, with service from Young Circle to Pembroke Lakes Mall via Taft Street. Weekend service will be restored to Route 88, which runs from the West Regional Terminal to Holmberg Road using Pine Island Road and Coral Springs Drive. Three other routes, which had been reduced to rush-hour schedules, will see early morning, midday and late-night service restored.


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This suction cup snaps down with 2 large powerful suction cups giving you a secure hold you can trust. Lock this down to an internal window or bulkhead. You can "Tilt, Turn and Rotate" the camera with nearly unlimited positions. With a wide double base you can help stabilize your camera better than any other suction cup.
Includes a standard 1/4-20 threaded end ball and a GoPro and Garmin X/XE end ball.


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6 Things You Should Know before Choosing Any Web Hosting Plan
Now the website has become very common and essentials for all businesses, persons, photographers etc to increase their online presence. The website has two basic things which help any website to become online. First is the domain name and another is hosting. Domain name is nothing but the web address for your business and hosting is servers where your website's files are stored.
Hosting is main things which help any website to be online 24/7. If your hosting service is not as much as good then your website may go down for some time and this is not good for any website. There are plenty of web hosting company who promise you like 24/7 technical support, 99.9% uptime, unlimited storage, and bandwidth etc. But still, there are lots of other factors which helps your website go down.
Read Also: Best Free Website Hosting Sites in 2018
So, here are top 10 things you should know before choosing any web hosting company.
1. Physical Memory
All web hosting company highlights their unlimited storage, unlimited bandwidth but no one tells you about their servers physicals memory, The server's physical memory is one of the important factors to measure that how much traffics a server can handle at a particular time. If your server's memory is low then your website may go down for a while if you get high amount of traffic at a time.
Before buying web hosting plan you should ask about server's physical memory information to their customer support if you not find any information on the website.
This is the most important feature you need to consider while purchasing web hosting plan. Imagine what will happen if all your web articles, posts, and other data will be deleted as a result of some accidents. Most service providers try to make their facilities highly reliable, but there are no plans for accidents.
Most of the hosting provider will give you automatic backup features daily or weekly but you should know what to do from your perspective.
3. Technical Support
It is also one of the important feature about your web hosting company. Imagine your website go down and you don't have any technical knowledge about how to fix it and technical support of your hosting provider will give response after 24 hours then how would you feel.
You should check there is 24/7 toll-free number available or not and how they much time they took to respond your query.
4. Email Features
There is always a plus point of using your domain email address to communicate your users instead of using third party email service like Gmail, Yahoo, etc. Using webmail ensure about the truthiness of your mail.
You need to make sure that the email service you choose with your hosting comes with important features such as spam control, time travel, etc. For example, many providers provide unlimited email forwarding and auto-response service. Asking before the provider is always a wise decision.
5.Renewal Cost
Some hosting company gives lots of discounts for their new users but when you are going to renew your existing hosting plan then they will not give any discount. So before choosing any hosting plan, you should consider these factor carefully and check their renewal cost is not so expensive. Although you can change or move your website from one hosting company to another after the end of your plan but for moving of website from one hosting company to another requires some technical knowledge.
6.Refund Policy
Some time the shared hosting plan is not performed as good as they specified in the plan because there are numbers of websites hosted on one server and if one of the websites among them is getting high traffic then server slows down the all websites that hosted on their server. In that case, you need your refund because you are not getting performance that you expected. The maximum website gives 14 days refund policy but there are some hosting company who provides 45 days refund policy.
Rahul is a tech-savvy entrepreneur by heart, who is also a Software Engineer by profession. He loves to write about current trends and technology in his free time.


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|» Products
|» Concrete Table
|» Showrooms Concrete Table
Our company is a renowned supplier and trader of finest array of Showrooms Concrete Table. This is an outstanding design of furniture having sleek features and excellent looks. The range is sourced from reliable manufacturers who employ the best material and production techniques. The lower frame is made up of finest wood and the upper slab is made of concrete. The top surface finishing is smooth and attractive. Showrooms Concrete Table is suitable for showrooms, stores, outlets, etc.
SRUB INDUSTRY All Rights Reserved.(Terms of Use)
Developed and Managed by Infocom Network Ltd.


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Tongxiang Standard Primer Co.,Ltd With professional and productive aluminium casting factory, Xinyuan Machinery is one of the leading China aluminium casting manufacturers, welcome to wholesale cheap products from us.
Taizhou Biomass Gas Generator Co.,Ltd Marine Engine
Xiandeng Paper-covered Wire Co.,Ltd If you are looking for best and pure medicinal boswelia serrata extract capsules, pills, tablets, and suppliement from professional boswelia serrata extract manufacturers and suppliers and factory, please feel free to contact Beton Nutrition Corporation.
KALD UL Steel Conduit And Fittings LIMITED Shaanxi Yuwangtang is a leading China aStragalus extract manufacturer and supplier and also a professional bulk aStragalus extract factory, we are able to offer you 100% pure natural, good price and high quality astragalus extract powder, astragalus root extract, astragalus membranaceus extract, astragalus polysaccharide, astragaloside IV made in China, and also can provide you with our products wholesale and free sample.
Fujian Silica For Adhesives Sealants Co.,Ltd Timewaying Technology is one of the best 3D cinema system manufacturers and suppliers in China, welcome to buy cheap, low price and discount 3D eyeware, children 3D eyeware, stand-alone 3D cinema system, dual projection 3D cinema system made in China or check the pricelist and quotation with us.
JSDJ Boiler Drum CO.,LTD Equipped with one of the best waste heat boiler brands, JSDJ Heavy Industry Co.,Ltd is one of the professional quality waste heat boiler, waste heat recovery manufacturers in China.
hand tying machine Founded in 1984, Our company specializes in tapetool, tape binder, tapener, hand tying machine, electric pruning shear, vine tying tools, grafting machine, grafting tool, tomato pollination tool, tomato pollinator, grafting tools, tomato pollinators, can fix the vine of plant such as tomato, cucumber, grape, capsicum ect.
Tianjin Steel Coils Co.,Ltd ليفين الصناعية يوفر لك أنابيب الصلب عالية الجودة، لفائف الصلب، توجيه الإخراج المناسب، قسم الصلب، والأسلاك الشائكة، زينة سكافودلينج بسعر منخفض. القادمة بقوة عالية وأداء جيد، يجب أن تكون المنتجات خيارك الأفضل. مرحبا بكم في شراء منتجاتنا الجودة والاستمتاع بخدماتنا لا مثيل لها.
Changzhou Downstream Equipment Co.,Ltd Preferred as the leading plastic extrusion machine and plastic recycling machine manufacturing company in China, Magstar Machinery brings out the quality machinery and competitive price for our customers' individual requirements.
Shenzhen Dry Herb Vaporizer Co.,Ltd Finden Sie die beste Qualität und langlebige Verdampfer Zigarette, Vape Batterien made in China von Laisimo Technologie ist eines der führenden solche Hersteller und Lieferanten in China. Und die OEM und ODM Service stehen auch catering für Ihre Anforderung.
Shandong Dump Truck Co.,Ltd Professional trailer factory with competitive price: container trailer, equipment trailer, cargo trailer, tank trailer, dumper, truck trailer, selected well-known brands of OEM main parts.
Siber Toggle Switches Co.,Ltd Choose from a large selection of the high quality appliance switches, industrial automation applance accesorry for sale for the delicate appliance with Siber Electric. Passing the CE, UL, ETL, TUV, VDE, and CB certification, our products made by professionals must be your best choice.
Qingdao Prefab House Engineering Co.,Ltd FSS offers high-strength, strong bearing capability and safe steel building, steel structure, prefab house. As a successful manufacturer and supplier, we have devoted ourselves to the line of steel structure for many years. Providing excellent service and competitive price for you, we are expecting become your long-term partner in China.
BAZHOU Finishing Equipments CO.,LTD Wan-Run-Da is your trusted source for precise steel mill machine, steel strip entry equipment, forming-sizing-welding-straightening, finishing equipments, steel pipe mill rolls on sale. Our quality products come in reliable performance, high flexibility and competitive price. Should you have any interest in it, please be free to contact our suppliers.
BAZHOU Galvanized Pipe Mill Line CO.,LTD دا تشغيل الواسعة مصدر موثوق به لالة مطحنة الفولاذ الدقيق، قطاع الصلب دخول المعدات، معدات تشكيل-تحجيم-لحام-استقامة، والتشطيب، ومصنع الأنابيب الفولاذية لفات على البيع. تأتي لدينا منتجات ذات جودة عالية في الأداء الموثوق ومرونة عالية وأسعار تنافسية. إذا كان لديك أي مصلحة في ذلك، يرجى أن يكون حراً في الاتصال بالموردين.
Laizhou Regular Hinge Co.,Ltd Industry custom. Specialty in toggle latch, hinge, clamp, handle fitting and knob etc hardware.
Wuxi 3 Piece Forged Wheels Co.,Ltd Are you looking for forged wheels, forged magnesium wheels with the highest quality and the finest design? SUSHA has been dedicated to forged wheels manufacturing for years, which can offer you forged wheels with different styles and colors. Should you still have any questions, please call us.
Xiamen Outdoor Jacket Co.,Ltd Xiamen Saga Sports Co.,Ltd is one of the leadign China gym wear manufacturers, welcome to wholesale cheap gym wear, sportswear, fitness wear, football uniforms,jogging pants from our factory.
Molto Rapid Prototyping Co.,Ltd As a leading CNC machining,Micro machining, aerospace machining, rapid prototyping,custom parts, die castings, investment casting supplier in China, Molto Precise Machining Co.,Ltd is always at your service.
DONGYANG Disney Pencil Bag FACTORY Dongyang Banda Bag Factory offers gorgeous cheap and durable beach tote, traveller bag, shopping bag, schoolbag, pencil case bag. Our company is a successful manufacturer and supplier. We have devoted ourselves to bag field for many years, which provides excellent service and competitive price for you. Expecting to become your long-term partner in China.
PETROL PIPE ACCESSORIES CO.,LTD Petrol Steel Co.,Ltd is a professional steel pipes manufacturer supplying you with customized Steel Pipes,Pipe Accessories,Alloy Steel,Stainless Steel,Pumps, welcome to wholesale products from our factory.
Xi'an Milk Tea Powder Co.,Ltd Xi'an Saiyang Bio-technology Co.,Ltd
Synthetic Fiber Rubber Gasket suppliers With professional graphite sheet machines factory, Ningbo Kaxite Sealing Materials Co.,Ltd is one of the leading China graphite sheet machines manufacturers and suppliers.
Xi'an Aluminium Alloy Co.,Ltd Find the best safety products, bank and office equipment, chemical products, nonferrous metal at low price from Yuanfar Trade. Passing the CE certification, our company offers fashion design and the best after-sale services. Welcome to buy our high quality products.
Zhengzhou Skirt Rubber Co.,Ltd Buy the best quality pulley lagging, belt cleaner, skirt rubber, impact bar, rubber roller with our professional manufacturer and supplier. OEM rubber roller is also available based on qualified customized orders. Please be free to enjoy our competitive price and service.
DONGGUAN Compressor Air Filter CO.,LTD We offers suitable flow-rate, high filtration efficiency and durable air filter, oil filter, fuel filter, cabin air filter, air oil separator. Our company is a successful manufacturer and supplier. We have devoted ourselves to filter industry about 20 years. Providing excellent service and competitive price for you, we are expecting to become your long-term partner in China.
Chen Feng Bamboo Placemats Co.,Ltd Anji Chen Feng Technology Co.
Shenzhen Shenqihao Injection Mold Co.,Ltd Welcome to buy plastic mold, injection mould, mold making, plastic mold making, making plastic mould, injection plastic moulds, plastic injection mould, single phase meter case from Shenqihao, we are one of the best China plastic mold manufacturers and suppliers, and we have productive factory.
Shanaxi PDC Picks Co.,Ltd With professional and productive factory, HAINAISEN is one of the leading China pdc drill bit manufacturers. Welcome to wholesale pdc drill bit,diamond drill bit, steel tooth bit, tungsten carbide, core drill tools,tricone drill bit,cancave bit integral blade stabilizer from us, we always have cheap products to offer you.
Anji Metal Casket Co.,Ltd Zhengda Casket Factory is one of the leading China caskets manufacturers and suppliers with professional factory, welcome to buy cheap and low price or wholesale caskets, wooden coffin, coffin handle, wooden caskets, going home caskets products from us.
YongKang Twist Flat Mop Co.,Ltd If you are planning to buy discount and cheap spin mop, mop bucket, flat mop,broom,easy mop, twist mop, dust mops or you are going to wholesale customized products at low price from one of the leading spin mop manufacturers and suppliers in China, CHEERSUN is always at your service. Welcome to visit our website, consult the quotation with us and get free sample from us.
ONU Phone case for iPhone 6s Co.,Limited Shop for Mobile Phone Accessories, Phone Cases, VR Box, Foot File, Hair Straighteners Comb,selfie stick monopod from ONU MALL Online Store
Jingjiang Flanges Co.,Ltd Jingjiang Jinlun Machine Manufacturing Co.,Ltd
Shenzhen TFT LCD Module Co.,Ltd Are you looking for cheap, unique, user-friendly, good quality video door phones? We are sure you will find in our website. Our factory also produce TFT LCDs, touch screen, TFT LCD display modules and digital peephole viewers. We can do both OEM and ODM for you.
Excelsior Aluminum Extrusion Co.,Ltd Buy metal enclosures, metal cabinets, metal kiosks, satmping parts, sheet metal fabrication parts with EXCELSIOR now! Equipped with professional engineering team and advanced imported equipment, we can assure you the high quality of our metal products. With qualified staff, we can also provide good after-sale service and timely delivery. Should you still have any questions, contact us now!
Laizhou Industrial Rubber Roller Co., Ltd Made of quality materials and well-processed, this rubber hose, rubber roller, coming from Yunlong Plastics, is strong, flexible, and oil resistant. Providing you with timely and satisfactory service as well as fast delivery, we warmly welcome you to buy our products.
Taizhou Biomass Generator Co.,Ltd Purchase quality, standard and low price engine diesel generator set, gasoline generator, natural gas generator, biogas generator, biomass generator on sale at Taizhou Taifa. Our discount products enjoys the advantages of unique design, stable performance and lasting seriving time.
TAIZHOU VOLVO OIL PUMP CO.,LTD LIZHONG offers good mobility, large production ability, complete automation production process audi oil pump, bmw oil pump, buick oil pump, chrysler oil pump, daihatsu oil pump. Our company is a successful manufacturer and supplier, having devoted ourselves to AUTOMOBILE ENGINE OIL PUMP FIELD for many years. Providing excellent service and competitive price, we are expecting to become your long-term partner in China.
NINGBO Anti Drip CO.,LTD Full function steam, burst of steam, spray, anti-drip, anti-calc, auto shut off, non-stick coating, stainless steel coating, ceramic coating, 220-240V 1800-2200W, cordless iron.max power 2800W.
Tangyin Uhmw Polyethylene Co.,Ltd The largest size uhmw sheet, plastic rollers, uhmw polyethylene - over industry, all conveyor rollers and customized UHMW parts. 16800 tons full-automatic processing and high-precision molding, Tangyin Dingyuan Engineering Plastics Co.,Ltd offers best UHMWPE products for you.


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Celebrate Saint Valentines day or a special occasion during the year surrounded by the charm of the Renaissance building, cuddle yourself with the services reserved for couples. FREE GIFT (included in the room rate): Welcoming bottle of prosecco upon arrival Daily hearts chocolates Fresh fruit basket in the room upon arrival Bathrobe and slippers during the stay Breakfast room service for two people
A love den set in the beating heart of Italy. This is the essence of Relais Castelluccio Palusse, an exclusive noble residence immersed in the marvelous setting of the gentle hills ... continua
Distance from Castiglione D'Orcia: circa 32 km


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Hello Hypno Lovers
I dont know this hypnosis caller by any other name other than Cumilla, his slutty alter ego that comes out when he goes under. Well really we are trying to bring out Cumilla more than just during a sissy hypnosis session. Building upon previous erotic hypnosis phone sex calls that will have that male side disappearing entirely and having him venturing out into the world as Cumilla.
Last night session took a bit of a left turn for we where talking about street walking breaking out into being that whore. The male side told me how they had drove around town to find the right spot to work their ass a few weeks ago. When pressed how that corner was working out. Well lets just say that slut hadnt been back.
The male side prevented it.
Definitely couldnt have that. So back under my sissy slut went and worked on that hypnotic trance that would have Cumilla venturing down to that corner and working that ass. Waving at the men and showing off those pretty fake nails.
Course it wont just end at waving to those johns.
Oh no Cumilla is there to work and become that sissy slut.
Call and just ask for any of the Feminatrix by name.