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CCCFF: Final liquidation Distribution @ .293 cents per share.
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/02/2012&mkt_ctg=NON-OTCBB
Me too. They are winding down operations so no reason to think that the pps will stay up. Bought some .009's in '09 and it turned out to be a very nice investment indeed.
malc
was a great run ~ there may be more, but I am out.
CCCFF Earnings Q1 2011 ~ eps .03
Chai-Na-Ta Corp. (OTCBB:CCCFF), one of the world's largest suppliers of North American ginseng, today announced first quarter 2011 net earnings of $1,162,000, or $0.03 per basic share, compared to a net loss of $97,000 in 2010, or less than $0.01 per basic share.
Revenue increased to $3.5 million in the first quarter of 2011 from $825,000 in the prior year period.
The Company has a gross profit of 48% of sales in the 2011 first quarter compared to a gross profit of 9% in the same period last year.
"We sold 44% of the inventory from our 2010 harvest by March 31, 2011 with over 90% of the remaining inventory committed to customers," said Derek Zen, Chairman of the Company. "Chai-Na-Ta's average selling price increased to $20.04 per pound in the first quarter of 2011 from $8.41 per pound in the first quarter of 2010."
"The Company is planning to cease operations in their current form after completing the harvest in 2011 and selling of the inventory from that harvest in 2012," Mr. Zen continued. "In the next twelve months, the Company will focus its attention on maximizing the yield and quality of the crops from its final harvest in Ontario in 2011."
The working capital position as at March 31, 2011 was a surplus of $7.1 million compared to a surplus of $8.7 million as at December 31, 2010.
Chai-Na-Ta Corp., based in Richmond, British Columbia, is one of the world's largest suppliers of North American ginseng. The Company farms, processes and distributes North American ginseng as bulk root.
This news release contains forward-looking statements that reflect the Company's expectations regarding future events. These forward-looking statements involve risks and uncertainties, and actual events could differ materially from those projected. Such risks and uncertainties include, but are not limited to, general business conditions and other risks as outlined in the Company's periodic filings, Annual Financial Statements and Form 20-F.
SOURCE: Chai-Na-Ta Corp.
CONTACT: Chai-Na-Ta Corp.
Wilman Wong
Chief Executive Officer/Corporate Secretary
(604) 272-4118 or (Toll Free) 1-800-406-7668
(604) 272-4113(FAX)
info@chainata.com
www.chainata.com
Copyright (C) 2011 Marketwire. All rights reserved.
-0-
INDUSTRY KEYWORD: Lifestyle and Leisure/Personal Care/Fitness
Medical and Healthcare/Health and Nutrition
Medical and Healthcare/Medical Devices
Pharmaceuticals and Biotech/Equipment and Supplies
SUBJECT CODE: EARNINGS
CCCFF .19
yes indeed.
.15's today ~ +114% on the week
have a wonderful weekend..
~A.
:)
Rg3
next fountain of youth...
M ok & live...TY
C u been doing well
Chai-Na-Ta Corp. Reports 2010 Year-end Results
RICHMOND, BRITISH COLUMBIA, Mar 16, 2011 (MARKETWIRE via COMTEX) -- All figures are in CDN$
Chai-Na-Ta Corp. (OTCBB: CCCFF), one of the world's largest suppliers of North American ginseng, today announced 2010 net earnings of $759,000, or $0.02 per basic share, compared to net earnings of $669,000 in 2009, or $0.02 per basic share.
Revenue increased to $8.9 million in 2010 from $6.9 million in 2009 with an average selling price of $10.25 per pound in 2010 compared to $8.50 per pound in 2009.
"Due to the overall decrease in production in the 2010 harvest for the industry, we have seen bulk root prices increase at the 2010 year end," said Derek Zen, Chairman of the Company.
"We have committed 83% of our 2010 harvest and achieved a significant increase in the average selling price due to the decrease in overall supply in the industry and our production of better quality roots in 2010," Mr. Zen continued, "However we will continue with our plan of not planting new crops and we will cease our farming operations after completing the harvest in 2011."
2010 Fourth Quarter
During the quarter ended December 31, 2010, revenue increased to $3.3 million from $1.0 million in the same quarter last year. Net earnings in the 2010 fourth quarter were $804,000, or $0.02 per basic share, compared to net earnings of $15,000, or less than $0.01 per basic share, in the same period last year. The net earnings in the fourth quarter of 2010 were primarily due to the higher margins received on the sale of inventory from the 2009 and 2010 harvests.
Chai-Na-Ta Corp., based in Richmond, British Columbia, is one of the world's largest suppliers of North American ginseng. The Company farms, processes and distributes North American ginseng as bulk root, and supplies processed material for the manufacture of value-added ginseng-based products.
This news release contains forward-looking statements that reflect the Company's expectations regarding future events. These forward-looking statements involve risks and uncertainties, and actual events could differ materially from those projected. Such risks and uncertainties include, but are not limited to, general business conditions and other risks as outlined in the Company's periodic filings, Annual Financial Statements and Form 20-F.
Contacts:
Chai-Na-Ta Corp.
Wilman Wong
Chief Executive Officer/Corporate Secretary
(604) 272-4118 or Toll Free: 1-800-406-7668
(604) 272-4113 (FAX)
info@chainata.com
www.chainata.com
SOURCE: Chai-Na-Ta Corp.
CONTACT: mailto:info@chainata.com
http://www.chainata.com
Copyright 2011 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Lifestyle and Leisure:Personal Care/Fitness
Pharmaceuticals and Biotech:Equipment and Supplies
Medical and Healthcare:Medical Devices
Medical and Healthcare:Health and Nutrition
.14's now and volume increasing
.12's printing now ~ weeee all by myself...lol
NITE now at .07 and CSTI still at .30
motion in the ocean.
CSTI has moved back from .05 to .30 on the ask
one at .05
bids deepening
MM activity and bid strengthening.
could have action here in the near future.
umm hmm.
Hidden Gem...
Ginseng is considered one of the world's most valuable plants. Its benefits to human health have been known to Asian and North American Aboriginals peoples for thousands of years.
In China, the plant is called the "King of All Herbs" and is described as the best medicine in Shen Nung's Pharmacopoeia.
There are several ginseng species - the two main types being Asian ginseng (Panax ginseng C.A. Meyer) and North American ginseng (Panax quinquefolius L.).
Asian ginseng is native to northern China and South Korea.
North American ginseng was discovered in 1716 by Father Joseph-Francois Lafitau, near today's Montreal in Canada, where he was working as a missionary among Iroquois Indians.
He had been inspired by earlier findings of another French Jesuit priest, Father Piere Jartoux, who observed the unique health benefits and use of ginseng by the Chinese.
With the help of the local Aboriginal, Father Lafitau's discovery led to a boom in the export of North American ginseng to China.
Due to its high export value, North American ginseng is often referred to as 'Green Gold'.
Ginseng cultivation in North America began in the mid to late 1800's as wild ginseng approached extinction following the rapid growth of the export trade.
Today, the vast majority of commercial ginseng is cultivated rather than harvested from the wild.
deep undercover...lol
whats goin on here ???,why so few posts
Chai-Na-Ta Corp. Reports 2010 Third Quarter Results
RICHMOND, BRITISH COLUMBIA, Nov 26, 2010 (Marketwire via COMTEX) -- All figures are in CDN$
Chai-Na-Ta Corp. (OTCBB:CCCFF), one of the world's largest suppliers of North American ginseng, today announced third quarter 2010 net earnings of $255,000, or $0.01 per basic share, compared to a net loss of $136,000, or less than $0.01 per basic share, in the same period last year.
Revenue increased to $2.9 million in the third quarter of 2010 from $1.3 million in the prior year period. The Company has a gross profit of 12% of sales revenue in the 2010 third quarter compared to a gross loss of 7% in the same period last year.
"We sold 67% of our 2009 harvest root by September 30, 2010 with the entire remaining root committed to customers," said Derek Zen, Chairman of the Company, "Chai-Na- Ta's average selling price decreased to $8.60 per pound in the first nine months of 2010 from $8.80 per pound in 2009.
"We are now actively harvesting our 2010 crops and we have already sold a portion of this root at a price higher than the previous year's harvest," said Mr. Zen.
"While 2010 will remain challenging, we are on track with our efforts to reduce operating and overhead costs," added Mr. Zen, "Selling, general and administrative expenses fell to $602,000 in the first nine months of 2010, a decrease of 14% from the same period last year."
In the nine months ended September 30, 2010, revenue decreased to $5.7 million from $6.0 million in the first nine months of 2009. Net loss in the first nine months of 2010 was $45,000 or less than $0.01 per basic share, compared to net earnings of $654,000 or $0.02 per basic share in the same period last year.
The working capital position as at September 30, 2010 was a surplus of $6.1 million compared to a surplus of $8.9 million at December 31, 2009.
Chai-Na-Ta Corp., based in Richmond, British Columbia, is one of the world's largest suppliers of North American ginseng. The Company farms, processes and distributes North American ginseng as bulk root and supplies processed material for the manufacturing of value-added ginseng-based products.
This news release contains forward-looking statements that reflect the Company's expectations regarding future events. These forward-looking statements involve risks and uncertainties, and actual events could differ materially from those projected. Such risks and uncertainties include, but are not limited to, general business conditions, and other risks as outlined in the Company's periodic filings, Annual Financial Statements, and Form 20-F.
SOURCE: Chai-Na-Ta Corp.
CONTACT: Chai-Na-Ta Corp.
Wilman Wong
Chief Executive Officer/Corporate Secretary
(604) 272-4118 or (Toll Free) 1-800-406-7668
(604) 272-4113(FAX)
info@chainata.com
www.chainata.com
Copyright (C) 2010 Marketwire. All rights reserved.
-0-
INDUSTRY KEYWORD: Lifestyle and Leisure/Personal Care/Fitness
Medical and Healthcare/Health and Nutrition
Medical and Healthcare/Medical Devices
Pharmaceuticals and Biotech/Equipment and Supplies
SUBJECT CODE: EARNINGS
Chai-Na-Ta Corp. Reports 2009 First Quarter Results
May 11, 2009 5:00:00 PM
Email Story Discuss on ZenoBank
View Additional ProfilesRICHMOND, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/11/09 -- All figures are in CDN$
Chai-Na-Ta Corp. (OTCBB: CCCFF), the world's largest supplier of North American ginseng, today announced a first quarter 2009 net loss of $0.7 million, or $0.02 per basic share, compared to a net loss of $0.5 million, or $0.01 per basic share, in the same period last year.
Revenue decreased to $2.9 million in the first quarter of 2009 from $4.2 million in the prior year period. The company has a gross loss of 0.5% of sales revenue in the 2009 first quarter compared to a gross profit of 1% in the same period last year.
"We have sold 37% of our 2008 harvest root by March 31, 2009 with all of the remaining root committed to customers," said Derek Zen, Chairman of the Company. "Chai-Na-Ta's average selling price decreased to $7.67 per pound in the first quarter of 2009 from $10.79 per pound in the first quarter of 2008."
"While 2009 will remain challenging, we are on track with our efforts to reduce operating and overhead costs," added Mr. Zen. "Selling, general and administrative expenses fell to $247,000 in the first quarter of 2009, a decrease of 5.4% from the same period last year."
The working capital position as at March 31, 2009 was a surplus of $4.9 million compared to a surplus of $5.5 million at December 31, 2008.
Chai-Na-Ta Corp., based in Richmond, British Columbia, is the world's largest supplier of North American ginseng. The Company farms, processes and distributes North American ginseng as bulk root, and supplies processed material for the manufacturing of value-added ginseng-based products.
This news release contains forward-looking statements that reflect the Company's expectations regarding future events. These forward-looking statements involve risks and uncertainties, and actual events could differ materially from those projected. Such risks and uncertainties include, but are not limited to, the success of the Company's ongoing research programs, general business conditions, and other risks as outlined in the Company's periodic filings, Annual Report, and Form 20-F.
Contacts:
Chai-Na-Ta Corp.
Wilman Wong
Chief Executive Officer/Corporate Secretary
(604) 272-4118 or (Toll Free) 1-800-406-7668
(604) 272-4113 (FAX)
info@chainata.com
www.chainata.com
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