PENNIES TO DOLLARS

[mike306oh]

CNAG -- should qualify for pennies to dollars quest, IMO.

CNAG (@ 0.06 on Friday - from $2/share in December)

For the 9 months ending on Sept 07 (posted as "10-K" in January):

http://biz.yahoo.com/e/080110/cnag.ob10ksb.html

My rethorical question: can a company with over 550 employees, posting more than $3 MM net revenue for the nine months ending Sept 2007 (on a $50 MM gross revenue), and OS of only 80 MM trade @ 0.06? I might miss something, although I checked out everywhere, and could not find any reason for the drop as of late.

If anyone interested, let's do some detective work, shall we? A good start:

http://www.google.com/search?hl=en&ie=ISO-8859-1&q=China+9D+Construction+Group&btnG=Search

This might be the one people will be talking about next week (unless I'm missing something). Besides several MSGS I posted since last night, the only active MB as of last night was a Yahoo MB, and it contained a single MSG (someone bought it @ 0.2) posted several days ago. Plus, from the 10-K, the company has only 20 shareholders. The above tell me people don't know about this puppy, and I only can explain the drop assuming on panic selling. My Buys (bought more than half of Friday's volume) @ just above the Bid (e.g., @ 0.091 - when the highest bid was 0.09, and @ 0.081 when the bid was @ 0.08, etc.), must have contributed to the confusion.

Mike