Sunday, November 30, 2014 2:34:01 PM
Little more web surfing today,
If their producing 180k batteries daily and JK products are priced in bulk anywhere from 1c-$1 from looking on Alibaba.
Very rough estimating:
260 weekdays per year x 180k batteries daily
46.8m batteries produced annualy
Take rounded avg .50c
.50 x 46.8m = 23.4m revenue
Cut that in 1/2 for unsold inventory etc. - 11.7m
So even using guess math, 10m annual rev seems logical, CNCT holding owns 51% or 5-6m and current mcap $376,436, yowza! It's worth north of 3c now in the quiet period and I also think when all things come together, there is potential for a 10 bagger from these prices.
They are definitely in the big name space from a quick 5 minute search.
http://jk-energy.en.alibaba.com/productgrouplist-212677747/Mobile_phone_battery.html
(Nokia,Samsung)
and make other products
http://jk-energy.en.alibaba.com/product/558849923-213404369/Newest_power_product_3000mah_Dual_usb_mobile_power_bank_For_iphone_and_ipad.html
(Iphone, Ipad)
You can bet that Liu Guangyuan who has 7m invested in private equity loans and with CNCT shares issues to JK @ $0.01 par value outstanding, this will soon have wings for flight.
I think CNCT entity eventually evolves into JK ticker, reporting entity, considering CNCT has dumped their phone card business.
Still plenty of time for the accumulation period imo, as they have not started any PR cycles yet, my guess is not until after Q4 to start 2015 with a bang.
I don't see this as a P&D play, but an under priced business since the R/M is technically completed from last filing and an opp to load up before the PR machine starts hitting.
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