China Teletech Holding Inc (CNCT)

[mannken]

Q2 out after close

Nothing earth shattering as expected, disposed of old operating subsidiaries, JK-energy asset purchase agreement.

No update in filing about TopLaser draft agreement.

They closed out the only CD they had for 4.6m shares, which stemmed from previous operations.

They issued 2.8m restricted shares to Wall Street Standard Capital, Inc. in exchange for consulting services
http://wallstreetstandards.com/index.html

They have a deficit of 5.6m from previous operations, already known from recent Q's. (last quarter it was 6.8m), revised down after CD was paid off)

With that said, this is the turn around pivot imo. Once they get JK-energy on the books, they can work off the deficit if the company is doing the amount of revenue (50m-100m) as suggested on reputable sites such as Alibaba - http://jk-energy.en.alibaba.com/company_profile.html#top-nav-bar

No guarantees, do your DD, manage your risk

I'm accumulating shares at these levels until further Q reports unveil what JK-energy will do to their balance sheet.

Q2 14
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10155495