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I'm basing that based upon prior filings, management (no corruption) and the fact this stock has never been manipulated. The company just went dark.
based upon last 10Q in 2011 they had:
$21MM in Assets
$762k in total debt
$18.5MM+ of working capital
> $20MM of tangible net worth!
All this w/only 13MM OS!
Insane.
So hard to accumulate unless you are willing to pay up - the times I don't I always regret it and the times I do I'm not always happy......
But I love those micro floaters!!!!!!
How do you know the shell is clean?
I love these micro floaters. Shares always very hard to accumulate, but patience is key. Custodianships are hot, as they usually look to restore share holder value. This shell is clean, and with the s/s primed for an easy takeover with amazing results.
I'm long although not enough.
Let's do it again!!!!!!
L@@k at the 6 month historical trading vol. On 2/18 & 2/19, almost 900k shares traded, pushing new 52 wk highs (at that moment in time). Wonder who accumulated? Perhaps the custodian, getting ready to take over this micro shell?
https://www.nasdaq.com/market-activity/stocks/chbu/historical
That's the question. Not sure who would be looking to take over the shell, but it appears to be clean and an insane micro-floater.
Are they or anybody else doing so?
Imagine what would happen if Synergy took over custodianship of CHBU. OMG, like $10 easy!
Long a little from before - hopefully this one can retrace its steps back to a buck or more......
$CHBU: Just bought some more here at $0.0299
Be the next $LPHM big time winner baby :)
GO $CHBU
I am still in two minds about this one, still a high risk but may be worth it.
I have taken worst risks in my life...lol
Interesting, there were 16 trades yesterday but nobody seem to know anything about this stock or refuse to tell??
This is a high risk proposition since it is in no-compliance with SEC etc.
The reward is in the share structure, if things turn out for the better!
We're bidding .0026.
We got .003 and we had .0043.
Watching closely.
$CHBU: Looks like you were right... its running here
Currentl up to $0.006
Must be all this China Agricultural business talk in the news these days.
GO $CHBU
CHBU is severely delinquent in filing the company's Financials. The stock is at risk of an SEC Suspension and subsequent stock registration revocation.
https://www.sec.gov/cgi-bin/browse-edgar?company=China+Agri-Business+&owner=exclude&action=getcompany
Did anyone file 'missing person' reports
after Executives vanished?...
http://www.4-traders.com/business-leaders/Li-Ping-Deng-07BW6Z-E/biography/
http://www.4-traders.com/business-leaders/Li-Min-Deng-09MB06-E/biography/
Such vital executives...just gone...
You may need some contact
assistance familiar to them...
http://www.dhl.com.cn/english/Resume.php?dataid=1043&lsname=Fan%2CZhaoxia&WebShieldDRSessionVerify=1BbCPDpf8RMWvwU6KcZe
Companies can be replaced but
Executive talent takes decades
of training to develop...LJ
Anyways I think this will eventually run. Someone got a good bit of shares and as soon as they get the last bit they will run it into pennies I bet. If this thing goes back active watch out above!
I think someone was just testing to see if anyone was under .0095. So they could put their sell order in less than the hidden order next time. Or to get the shares at .0035 or so if someone was hiding shares. IB allows u to sell all hidden amounts Ive heard. But only through their desktop version.
Depending on your broker if someone was hiding 9900 at .0075 u would get filled at .0075 instead of .0095 even though u put ur order at .0095 limit. Etrade is pretty good about seeking out hidden orders. Most other brokers Ive used will just make it at the offer price and give that person at .0075 a better fill. TDA sometimes works with it.
I believe trades under 100 wont show on tape but will show on overall vol on Etrade. They used to show on ticker tape years ago but stopped on the changes with FINRA and the min bid ask amounts.
The price will just be what it was on the last trade. So 99 shares would just show as vol for the day but will show as .0029 even though was at the ask offer. funny how freerealtime shows it all though and the price too. I like to use freerealtime just for seeing the little trades.
Funny last does not show as .0095 either LOL - at least on Ihub
Obscene .0095 * 30 = .285 stock and what a $7+ Trade?
Time and Sales for China Agri-Business Inc (CHBU) Feb 23, 2017
14:39:21 0.0095 30 OTO
12:07:36 0.0029 150000 OTO
its supposed to be a company. But the Chinese went dark and abandoned it but sometimes they come back. If someone else takes it over then technically it would be a shell I guess. So far its still inactive on SOS though so just a dark co.
Looks like volume pick up maybe we got a shot here. Will be watching closely for a buy in......
Will this ever come back from the dead? Still never diluted it appears.
CHBU 13,118,574 O/S a/o Nov 14, 2011
CHBU Sept 2011 $21,171,693 assets & $762,368 Liabilities
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8256286
So tomorrow is their deadline to get the delinquient earning report submitted?
So is it OVER? Any chance they bounce back from this?
CHBU new ticker CHBUE now delinquent http://www.otcbb.com/asp/dailylist_detail.asp?d=04/17/2012&mkt_ctg=OTCBB
Last quarter their earnings came out on Nov 21, does that mean they can still submit later?
CHBU = KABOOMAGE coming to CHBU LAND!!!...... Load up & buckle UP!!!.... GLTA!!...... LC http://investorshub.advfn.com/boards/board.aspx?board_id=24635
LIKING what I'm see here guys.... CHBU looks ready for some KING KONG KABOOMAGE!!!.... GLTA!!
Still waiting for the Seeking Alpha article. They must have something of note to report on! Keep your eyes peeled!
I have read this 10Q and it looks really attractive! Also, there is a writer at Alpha Seek (or whatever it's called) that is going to write an article on CHBU! So stay tuned!
I am actually considering buying some shares of this company (CHBU), but I've been hearing more and more about Chinese Companies taking advantage of us Americans. Read this and do your DD!!!
The SEC Raises The Stakes On China Frauds, And Is Looking At Large And Small Auditors
Read more: http://articles.businessinsider.com/2011-06-03/wall_street/30005191_1_audit-firms-accounting-firms-chinese-firms#ixzz1qqV2Rtpt
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NEW YORK, March 1 /PRNewswire-Asia-FirstCall/ -- China Agri-Business, Inc. (OTC Bulletin Board:CHBU.ob - News) a manufacturer and distributor of organic agricultural application products in China, celebrated the anniversary of its "New Agriculture-Generator" initiative, in Xi'an, China. As of December 31, 2009, the Company had established 103 branded super chain stores, a majority of those stores are located at Shannxi Province (where the company is based) and Hunan Province. In addition, the Company established 49 direct sales stores, which are controlled and managed directly by the Company. The direct sales stores are located in the Shannxi Province. For the year ended December 31, 2009, about one third of the Company's revenues were generated from those super chain stores and direct sales stores.
Liping Deng, President and Chief Executive Officer of China Agri-Business, commented on the Company's outlook for the year 2010, stating, "As an effort to expand our business and offset the influence of weather conditions, we launched a 'New Agriculture - Generator' initiative in the fourth quarter of 2008, which includes the super chain sales partner program and direct sales stores program. The purpose of this campaign is to establish our own sales network by creating a closer relationship with farmers through our super chain and direct sales stores in the rural areas of China in addition to the traditional sales network. We anticipate continuing to focus our efforts on establishing direct sales stores in 2010. From the beginning of the year to today, we have opened about 150 new direct sales stores in Shannxi Province and Hunan Province. Total direct sales stores are over 200 now. We expect that the super chain stores and direct sales stores will generate growth for the Company in 2010."
In addition to the Company's continued market expanding efforts, the Company acquired a new product license to produce potassium and magnesium fertilizer on February 14, 2010. The license cost is approximately $117,000. The estimated cost relating to associated production equipment is approximately $293,000. The Company believes that acquiring licenses to existing products will enable the Company to increase revenues more quickly than by solely relying on developing its own new products. The Company will continue to look for such licensing opportunities in the future.
About China Agri-Business, Inc.
China Agri-Business, Inc., through its operating company in China, Shaanxi Xin Sheng Centennial Agriculture and Technology Co., Ltd. manufactures and sells non-toxic fertilizer, bactericide and fungicide products used for farming in China. Crops grown with Xinsheng's products are eligible to qualify for the "AA Green Food" rating administered by the China Green Food Development Center, an agency under the jurisdiction of the Ministry of Agriculture of the People's Republic of China (However, our products themselves do not bear the "AA green food" designation). The green food rating system consists of an "A" rating and a more stringent "AA" rating. The "AA" rating indicates that the crops contain minimal chemical residue from fertilizers.
The Company's two primary product groups are organic fertilizer (Xinsheng Luyuan brand) and bactericides (Xinsheng Lufeng brand). The Company has a total of five brands and produces more than 50 different applications, including products designed to stimulate plant growth, condition soil, and prevent and cure plant diseases and parasites. The Company has products for a variety of crops, including potatoes, vegetables, cotton and fruit plants, and orchard trees. The products can be used either alone or to supplement other products. The Company's Xinsheng's manufacturing facilities are located in Xi'an, Shaanxi Province, China.
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