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Yo it's this guy gonna take off soon? Lots of innovation in graphene lately
Now THAT is funny as hell.....lol.........et z
Stupid company cannot even spell its own name correctly.
http://www.sec.gov/Archives/edgar/data/1284450/000121390015006355/f8k081215_chinacarbon.htm
REINSTATEMENT just updated on NVSOS
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=EWfVwnAdG8z69kAFLsMCRA%253d%253d&CorpName=CHINA+CARBON+GRAPHITE+GROUP%2c+INC.
Mr. Jin, the new board member, is the son of the major shareholder. Whether or not he is particularly well qualified, I cannot tell.
I do not believe, and never said, that CHGI is fraudulent. Their business is very weak with $3 million in revenue in Q1, whereas their competitor in China, Fangda, had $180 million in sales. They have $50 million in short term debt and cannot possibly retire the debt when it comes due. They must rely on China rolling over the debt, despite the fact that they were cash flow negative in Q1 even before paying the interest on their debt.
BDO, their former auditor, pointed out that their accounting system is way under par. They replaced BDO when it wanted to place a warning that the company might not be able to continue as a going concern.
Buy the stock if you want to.
Hello again Captain Steuvin!
That's some wonderful 411 you provided me with but you keep forgetting that they still have around $46 million in the kitty, and to trade around 35 cents is RIDICULOUS! You look at their peers with a greater share float, more debt, less sales, MORE HYPE etc., etc. and you can see my point i am making to you.
The company has taken the necessary steps at addressing the issue you brought up in the first reply:
"INNER MONGOLIA, China, May 14, 2013 (GLOBE NEWSWIRE) -- China Carbon Graphite Group, Inc. (OTCBB:CHGI) ("China Carbon" or the "Company"), the largest wholesale supplier of fine-grain and high-purity graphite in China and one of the nation's top manufacturers of carbon and graphite products, today announced the Board of Directors has appointed Mr. Dong Jin as its new Director, effective immediately.
In 2006, Mr. Jin graduated from Massey University in New Zealand and majored in Business. In the same year, Mr. Jin joined China Carbon Graphite Group, Inc. as the production manager. In 2010, Mr. Jin served the company as the Vice President of Sales, leading 26 sales representatives and distributing the company's products to over 200 customers in 22 provinces in China. Spending 6 years at China Carbon, Mr. Jin has been actively involved in each area of the Company's daily operations, such as accounting, manufacturing, sales, finance and business development. By taking such a crucial role at the company, Mr. Jin has established significant leadership in the management team driving the company forward.
"We are pleased to welcome Mr. Jin to our Board. The new Director appointment will enhance our Board's expertise in the company's key areas, including industry knowledge and manufacturing. By having Mr. Jin on our team, we will be able to strengthen the communication with the front line operations and improve the public relations by better conveying the most accurate and recent information to our shareholders. We welcome the experience which Mr. Jin brings to our Board and look forward to his contribution to the Company in 2013 and beyond," said Donghai Yu, the CEO of China Carbon Graphite Group, Inc."
Also, looking through the financials they are NOT hiding anything like you sort of hint-at. They tell it like it is, straight-up as the youngsters would say. I'm not too sure what your interest is here AGAINST China Carbon, but like i stated since day one...for a company their size, and with their cash float, low shares outstanding etc., etc. it trades wayyyyyyy too Discounted compared to it's peers. Dress it up as you wish but it is truly RIDICULOUS that a stock like CHGI would trade at 35 cents when it should be trading at $2.10 Fair market value! Even if we were to make quasi-adjustments to that figure they would be at $1.25! NOT 35 cents brother!!
There is a lot of Upside to this stock so i would not discount it at all, and i would suggest that smart-money (including Fund Managers looking to make "some" appearance of making a Profit for their clients) get in on this play before the train leaves the station as it has started these last 3 trading days. Even i own some and i am not scared of owning some either as you sort of hint that maybe i should be scared in the manner you word your responses to me regarding CHGI.
Nevertheless, maybe explain these little aforementioned portions of the equation you conveniently wish to leave out?? Or simply tell me straight up if you have evidence that they are commiting a fraud, or something wrong, or simply relax and/or not invest in the company at all. You seem to have a sort of conviction that something is a rhy here and wish that i (and others) not invest here. I am curious, though, since i surely would not want to invest in a publicly traded company that is misrepresenting the data as you are perhaps alledging and or alluding to! I would require a little more wholesomeness brought forth to the topic at hand to see what's what here...
Peace brother!
Here is the Q1 2013 10Q in its entirety. Read it and then tell me how this company is doing so well and how bright its future is.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9295090-1222-180254&type=sect&dcn=0001213900-13-002536
Read this and then tell me how well they are doing and how rosy the future looks for them:
http://biz.yahoo.com/e/130425/chgi8-k_a.html
They have more than $50,000,000 in debt, almost all of it short term. Their sales have dropped from about $15 million per quarter early in 2012 to $3 million in Q4 of 2012. Q1 of 2013 will not be any better.
BDO, their previous auditor, wanted to put a warning that CHGI might not be able to continue as a going concern. Their orders are non-existent, they keep putting back the target date for nuclear, they have almost no sales at all in their target high purity products.
By way of comparison, they did $3 million in sales in Q4 last year and their competitor in China, Fang Da, did $185 million in sales in Q4 of 2013, a large percentage of that in high purity.
They lost money in Q4 and had a negative cash flow. Look for the Chinese government, which lent them the money, to refuse to roll over the notes and to take them over--then China might sell or give the remains to Fang Da, which knows how to run a graphite operation.
It is true that China produces lots of graphite. It is also true that China is shuttering inefficient and poorly run graphite operations in a move towards consolidation and bigness. China will not protect or tolerate the downward spiral of companies like CHGI.
What the hell are you talking about Steuvin Gonsky? CHGI is the BEST valued stock in it's group and they are the leader! The price of Graphite is going to skyrocket REGARDLESS of what You say, and with the recent decline (on little volume i may add) the time to BUY is NOW! I like the Fact there is only 25 million shares outstanding and the P/E is only 4 times. EPS is 0.06, BETA is 1.82, and will soon be listing on the Dow jones Board. China is the rising economic powerhouse, NOT THE U.S.A. kiddies :(
This is one of the Few LAST gems that actually Produces and makes a Profit; hence they are the leaders on the planet.
Cheers and sit tight & be right
http://pedromillan.blogspot.com/
Better do your due diligence quickly--before it goes into bankruptcy.
Whats going on around here ? $CHGI starting some DD on this one friend told me about it and said I should look into it :) aloha
Q4 2012, which should be reported soon, was a weak quarter. The CEO already signaled that. The company is, however, confident of its decision to move into the niche high purity market, and into nuclear graphite as soon as China says okay.
By this time next year, CHGI could be a $3 stock, imo.
I don't think the graphene stuff is the key at all. The pay off on the graphene will be years and years away, if at all.
The key will be the ultra high electrodes and the nuclear graphite. Both could be a ways down the road, especially the nuclear.
CHGI might be a $5 stock someday but it should be owned only by VERY patient and optimistic investors, in my opinion.
The key word here is Graphene, which comes from Graphite. Research what Graphene is and does and will do in the near future.
Dip and rip. Market makers playing their games are over. This things going to soar to the moon!!!
Lots of buys, this thing is brewing for something bigger
Since you are pumping this so much today, you should mention the biggest use for graphite: Atomic plants. Each plant uses at least 10,000 tons of graphite per year.
Currently, all nuclear graphite for China's atomic plants is imported, mostly from Germany. CHGI will be the first Chinese domestic supplier.
Thank you sir. There's more to come :)
Amazing!! simply amazing
Smartphone Battery Life Could Be Doubled Or Tripled With Silicon Graphene Tech
Having trouble staying charged? The battery life of your smartphone could soon be extended by twice as long, ideally three times, using new lithium ion battery technology developed by researchers at Illinois institutes Northwestern University and Argonne National Laboratory.
“Doubling [battery life of smartphones] would be quite easy, three times would be a good number to shoot for,” said Harold Kung, a chemical and biological engineering professor at Northwestern and the lead author of a paper describing the breakthrough battery tech, published in the journal Advanced Energy Materials in October 2011. Northwestern is one of three major partners at Argonne National Laboratory’s Center for Electrical Energy Storage.
Now over a year since Kung and company’s method was first described in detail, the technology is making its way into commercial production: A Los Angeles-based startup company called California Lithium Battery in late October 2012 announced that it had achieved a record-setting lithium-ion battery performance in laboratory tests using technology developed in conjunction with Argonne, based on Kung’s work.
“We’re the first to bring [the technology] to the commercial market,” said California Lithium Battery CEO Phil Roberts in a phone interview with TPM.
Specifically, California Lithium Battery reported an increase of 3 times the battery energy capacity — how much charge a battery can store — over standard lithium ion batteries, which are the most common type of battery found in consumer electronics around the globe.
California Lithium’s Battery technology is called GEN3, and it involves extremely precise modifications to the anode portion of a standard lithium-ion battery.
The anode is the one of two electodes found in a battery. It is commonly represented as the negative terminal, but which actually corresponds to the space through which an electrical current flows into the battery cell from outside. The other, opposite electrode, the cathode, is typically where the charge flows out.
GEN3 uses silicon for the anode, where most lithium ion batteries today use graphite. Silicon has a much higher absorption rate of lithium ions, which flow from the cathode to the anode during charging, making silicon a better material to use when building high-capacity batteries. But there’s a problem: Silicon also rapidly deteriorates after just a few charge/discharge cycles, making it unsuitable for any longterm use. Argonne and Northwestern researchers proposed a way around this by inserting porous sheets of graphene — a relatively new, Nobel Prize-winning nano-material that is among the strongest, thinnest and most electrically conductive ever developed — in between silicon nanoparticles, creating a kind of sandwich. Hence the name: silicon graphene.
In a press release, California Lithium Battery stated that it was working to turn its GEN3 silicon graphene anode into a “drop-in” replacement for the current standard graphite anodes used in most lithium-ion batteries, meaning no expensive overhaul to replace a whole battery type, nor a whole new manufacturing form-factor when making new smartphones, tablets, and other consumer electronics. The company said at the time of its release in late October that it hoped to produce and sell the material as full batteries and as replacement anodes in the next two to three years, but Roberts told TPM that the timeline to commercial release could be even more aggressive than that.
“We’re anticipating to get it to a pilot scale in roughly six months,” Roberts said.
As for just what specific devices consumers can expect to see the new, ultra high-capacity batteries in, Roberts remained coy, saying that “non-disclosure agreements” prevented him from naming names at this time.
However, Roberts was able to tell TPM that “the first commercial application will be portable electronics, including cell phones and laptops,” and that his company California Lithium Battery was working with “the largest major corporations in the world selling these types of devices.”
The cost of the GEN3 drop-ins and batteries have yet to be determined, but California Lithium Battery is confident it can “directly compete with the cost of energy from fossil fueled power generation.”
Kung, too, told TPM that he was independently in talks with “cell phone companies,” to commercialize one variant of the technology for which he’d filed a patent.
But as Kung pointed out, higher capacity doesn’t always translate to longer mobile device battery lifetime if the batteries are being used in mobile devices with more energy-intensive features.
Device manufacturers “are not only looking at how long you can use the cell phones,
but how many things you can do,” Kung explained to TPM. “The more things you’re doing the more power you need.”
So even if the dream of a full 24-hour-long powered smartphone is technically feasible, as seems to be on the horizon, there’s no guarantee that it will ever make it into production, meaning that consumers may still resort to guerilla charging their mobile devices in the event of a power outage like the blackout that enveloped lower Manhattan in the wake of Hurricane/Superstorm Sandy.
Eventually, both Kung and Roberts and other advanced battery pioneers want to scale-up their technologies for use in electric and hybrid vehicles, which would result in longer driving distances per charge, helping to alleviate the “range anxiety” that currently surrounds electric vehicles.
http://idealab.talkingpointsmemo.com/2012/11/smartphones-battery-life-double-triple-silicon-graphene.php
Its looking to run longer than that ;)
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Graphite sector breaking out of control
SOLAR PANNELS!?!?!?!?!OMG This is HUGE $$$$$$$$$$$$$
Graphite is used to produce graphene, a tightly packed single layer
of carbon atoms that can be used to make inexpensive solar panels,
Yes sir, this sector is booming hard!!!!
GRAPHITE INDUSTRY BLOWING UP$$$$$$$$$$
Stock Chart for CHGI http://stockcharts.com/h-sc/ui?s=chgi
Graphite has less discharge consumption than copper!!OMG THIS COULD BE HUGE
Pshhh thats not all. Graphite is easier to conduct grinding and polishing than copper.
HAHA couldn't agree more. Graphite is 1/5 of copper’s density. Imagine a lighter laptop, ipod, tv, ect.
Silcon valley say goodbye. Graphite valley could be the future!
Not to mention graphite has faster processing speed: under normal circumstances, the machining speed of graphite is 2 to 5 times faster than that of copper. Could allow for faster electronics! Maybe even faster CPU's for computers!!!!!
As a conducting material: CHGI graphite has an electrical conductivity 100 times higher than general nonmetal minerals.
YES!! Graphite has lower material costs and more stable prices than copper.
The future of electronics is graphite
Graphite from CHGI has great chemical stability: special processing can give graphite the characteristics of corrosion resistance, great thermal conductivity, and low permeability.
CHGI Graphite is used in the national defense industry as well. Graphite is utilized to produce nozzle of the rocket of solid fuel, missile nose cone, components of space navigation equipment, heat insulating material, and anti-radiation material.
Graphite from CHGI is also a wear-resistant lubricating material: graphite is used as lubricant in the mechanical industry.
Now im really excited this could be big!!!
Graphene touchscreen in action!
Indeed sir. They do!
Graphene sounds amazing, i hear they make flexible tv screen with it
Very nice DD sir
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China Carbon Graphite Group, Inc.
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