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Can anyone help with this one..........Explain BID .01 ASK...2.00............That is the widest I've seen
Interesting article........points out that they realize the problem they have.................should help CGYV in the long run
http://www.huffingtonpost.com/2012/03/05/china-pollution-goals-not-met_n_1320423.html
I have noticed that in a lot of stocks lately. They are cleaning out the MM bids at the close each day now. Don't read anything into it. What counts is at the open.
Can anyone explain the bid right now is .10 cents and the ask is $1.25.......that is the biggest spread in some time.........thoughts anyone?
I would not worry short term about it.
Is there anyone else concerned that the annual report has not been released as yet...............I thought Feb/15 was the date these reports were due unless an extension was requested..............................also, when PwC, a well known accounting firm came aboard, we would not be seeing these delays..........................................Opinions,anyone?
When does the CGYV stock buyback program begin?
A counter to that is that they were able to borrow the money, and wanted to send a message to the market.
Borrowing more money and using it to buy back stock? I find that a little disturbing, to say the least. Add to that no new orders or other good news and you have serious reasons to worry.
Anybody have a clue as to when the annual report will be released? Sent a e-mail last week and was told it would be on time, whatever that means...............
Unfortunately that link is no longer valid-
I'm posting the most recent 10Q for any that missed it-
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8241102-149079-215862&type=sect&TabIndex=2&companyid=403880&ppu=%252fdefault.aspx%253fcik%253d1208790
Interesting company without a doubt although I wish there were more ways to verify what is in fact going on.
A new corporate presentation would go a long ways-
futr
If you read the article, does anyone have any comments?
http://messages.finance.yahoo.com/mb/CGYV.PK
That is typical of that sort of a notice. It just covers the legal issues so that they can purchase shares with up to $500,000 any time they see fit to do so. To buy before giving disclosure would be violation. Also just a notice to the market that they feel the stock price is too low. If they actually post Form 4s, of actual buys, that may set a bottom?
I still have some shares in this one, but I have not followed it closely lately. I have been waiting for them to see enough positive income quarters back to back to get a good head start on paying down the debt they incurred to build that new plant. And meanwhile China/US stocks have not done well all year, so I have avoided buying any more yet. I have no idea when or where the bottom is. And I have not really looked closely at the last 2-3 quarterly reports. My biggest concern was dilution to pay off some of the capital cost loan from the new plant, if profits were not good enough the first 12-24 months. I think it is a good company to own some of, just a question of timing and price...value.
Does anyone else agree with me that the release yesterday of a plan to repurchase stock was really lame.......Think about "UP TO $500K" what does that mean...10K....50K.....150K.........and then you get "FROM TIME TO TIME".........1 year or 5 years or 10 years..........and all those qualifiers in the last paragraph..................Makes you wonder who they were trying to placate.......all the stockholders you think.....................Did they think they could move the pps up?................Would it have been better to declare a minute dividend to bring in more buyers to push up the pps to qualify for a better listing.................something like 4 cents a share annualy........lets see, 31 million shares o/s times 1 penny a Qtr would come to about 310K every QTR.........don't think that would break the bank and you might attract more investors................Real lame........Thoughts anyone?
Stockholder Meeting was held today.........Anybody got any hopes or wishes?................I wish they would engage a repectable P.R. firm to get out the message..............
To those of you that participate......................HAPPY THANKSGIVING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Nice data for sure:
http://ih.advfn.com/p.php?pid=nmona&article=49945456&symbol=CGYV
Very bullish. May be time to quietly buy back a few shares at year end tax selling. This is still a very low volume quite stock, with a large buy/ask spread. I still have my base of shares. Glad I held them.
China Energy Recovery Inc. (CGYV.PK) ("CER"), an international leader in the design, fabrication and installation of waste heat recovery systems, today announced financial results for the third quarter and the nine months of fiscal 2011, ended September 30, 2011, as compared with the figures for the same period in 2010. CER also announced the detailed arrangement of the 2011 Annual Meeting of Stockholders.
Highlights for the 3rd quarter 2011, compared with the same quarter 2010:
* Revenues increased 378% to $29.4 million.
* Gross profit increased 265% to $5,088,000.
* Net income of $2,605,000, compared to net loss of $854,000, an absolute increase of 405%.
Highlights for the nine months of year 2011, compared with the same period of year 2010:
* Revenues increased 215% to $55.0 million.
* Gross profit increased 215% to $9,469,000.
* Net income of $3,285,000, compared to net loss of $394,000, an absolute increase of 934%.
Nine months of year 2011 results
Revenues for the nine months ended September 30, 2011, were $55.0 million, up from $17.4 million in the same period a year ago.
Gross profit in the nine months increased to $9,469,148 or 17.2 percent of sales, compared to $3,002,802 or 17.2 percent of sales in the same period a year ago. The company achieved an operating gain of $3,102,778 compared to loss of $1,092,300 in the same period a year ago.
Benefitting from increases in income from operations, net income increased to $3,285,399 compared to loss of $394,105 in the same period a year ago.
"Revenue growth in the third quarter and the nine months of the year reflects our marketing efforts and new manufacturing facility and, in particular, one significant EPC contract," CER Chief Executive Officer Qinqhuan Wu said. Mr. Wu continued, "In the nine months of 2011, with our new manufacturing facility in operation and our ability to perform more EPC contracts, we achieved great improvements in our revenues and gross profits. For the last quarter of 2011, based on our current contracts and production schedule, we anticipate positive results in line with the third quarter of the year."
Notice to hold AGM in November
China Energy Recovery will hold its 2011 Annual Meeting of Stockholders on 9:00 AM (local time), Monday, November 28, 2011 at its head office in Shanghai. The purpose of the meeting is:
1. To elect five directors to serve for one-year terms ending in the year 2012;
2. To ratify the appointment of PricewaterhouseCoopers ZhongTian CPA's Limited Company as the accounting firm for the fiscal year ending December 31, 2011; and
3. To approve the China Energy Recovery 2011 Performance Equity Plan
"We are looking forward to holding the meeting, and we encourage all shareholders who can to show up at the meeting in person," CER Chief Executive Officer Qinqhuan Wu said. Mr. Wu continued, "The Board may consider holding the meeting in the United States next year."
Any comments on the earnings report released yesterday?................I foundthis to be the best.................Net income for the 9 months 2011 compared to same period 2010.........934%...........Would you take that for the 9 months each year for the next 5 years?.................Think of all those Chinese that will have no need for masks..............Very Funny...............GLTA......
The part I like "but also the old friends", which tells me their work is legitimate and successful........Last year at this time there began a list of contracts lasting about 5 months....it seemed contracts were overwhelming operational ability......for the last 6-7 months there were few contracts............Now that the new facility is near fully operational I would expect to see the backlog grow...........IMHO
More sales, more good news here:
http://ih.advfn.com/p.php?pid=nmona&article=49881068&symbol=CGYV
China Energy Recovery Inc. (CGYV.PK) ("CER"), an international leader in the design, fabrication and installation of waste heat recovery systems, announced today that it signed a contract with Jiangsu SOPO Group to manufacture and install the quay's pot area project and exterior tube rack which located in Zhenjiang City.
The contract is valued at 50 million RMB or $7.84 million (US). The system is scheduled to be completed in 75 days.
"We are happy to see that our long-term customer, Sopo Group, choosing us again!" Commented Mr. Qinghuan Wu, CER's CEO, "the successful company needs not only the more and more new customers, but also the old friends"
This is one of the reasons I own CGYV shares!
A sobering Reality indeed:
http://climaterealityproject.org/video/hour-24-new-york/
WOWWEEEE! With all this new money CGYV is making I see that I am still losing money here, especially today!
Indeed it looks like they have really gotten their act together. Now we just need more awareness!
We finally have a real winner here folks!!!!
Real profits, real sales, massive increase in both, versus losses in the past. The new production plant is paying off!
http://ih.advfn.com/p.php?pid=nmona&article=48841656&symbol=CGYV
Photos of some completed CER projects.
http://www.cerenergy.com/ProjectPicture.php
ANY CURE TO KILL SHORTY - JUST GOOD NEWS OR #'S BACKED BY PRESS >?
Yes, I am quite familiar with it, own several of them. What do you want to know?
Many are under major short attack, with articles written claiming they are frauds, and many longs have panicked and sold. Some have record short volume now.
Just curious...........Has anyone noticed that some of these small Chinese companies seem to have pretty decent revenue for the last 2-3 years YET, YET, YET......their pps for today are at the low end of 52 week price spread.......Just a few I noticed are......CCGY.PK ABAT CNOA.PK CBAK.............Anyone else see the same .....IMO
I was wondering why the first trade today was for 1K @ $.56..............New director must be dumping his/her options......................you know the ones that were revised down to $.73..................new way to spell crap..CGYV........
Seems someone else noticed that. Todays SEC report changed it $2,500 per month, from 25,000 per month:
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 7, 2011, Mr. Tian Ye notified China Energy Recovery, Inc. (the “Company”) of his resignation from the Company’s Board of Directors, effective as of June 25, 2011. Mr. Tian Ye is resigning to pursue other business interests that have grown to take more of his business time. Also on June 7, 2011, Mrs. Zhou Jialing notified the Company of her resignation from the Company’s Board of Directors, effective immediately, for personal reasons.
On June 7, 2011, the Board of Directors appointed Dr. Yan Sum Kung and Mr. Jules Silbert as directors to replace the departing directors. In connection with their appointment to the Board, both Dr. Kung and Mr. Silbert received ten-year options to purchase up to 60,000 shares of the Company’s common stock. The options vest in eight equal quarterly installments on each of July 1, October 1, January 1 and April 1, beginning on July 1, 2011 and are exercisable at a price of $0.73 per share. Dr. Kung and Mr. Silbert are also entitled to receive cash compensation for their services as directors in the amount of $2,500 per month. Both Dr. Kung and Mr. Silbert are deemed by the Board to be independent directors.
Since June 1980, Dr, Kung has been Director of Chinachem Group, a property developer based in Hong Kong, and since January 2010, Dr. Kung has been Chairman of the Executive Committee. From September 1981 to December 2009, Dr. Kung was a practicing doctor in Hong Kong. The Board believes that Dr. Kung’s experience as a sophisticated property developer will contribute to the proper management of its assets and oversight of its financial development. Dr. Kung is fluent in English and Mandarin and Cantonese. Dr. Kung has been appointed to the Compensation Committee and Nominating Committee of the Board of Directors.
Mr. Jules Silbert, 83, has been a member of the board of directors of the Company since June 2011. Mr. Silbert has been an independent consultant since January 2002 focusing on marketing, e-commerce, consumer behavior and information technology systems, working with leading consumer retailers and direct marketing firms, among others. Prior to his consulting activities, Mr. Silbert was an Executive Vice President of Brylane, a private, then public, company, concentrating on strategic planning, growth initiatives, and business development from September 1991 until March 1999. Mr. Silbert was also a member of the board of directors of Brylane from 1991 to 1999. From 1983 to 1991, Mr. Silbert was the founder and principal of The Silbert Group, a management consulting firm focused on the direct marketing business segment. Prior to his management consulting firm, Mr. Silbert worked with General Electric and Lane Bryant, and was a member of the board of directors of Lane Bryant. Mr. Silbert has been a member of the boards of several private and public companies and non-profit entities. Mr. Silbert has a Bachelor of Electrical Engineering degree from NC State University, and has been involved as a member of senior management in strategic planning, and innovative growth strategies throughout his career. Mr. Silbert's background in electrical engineering, experience with leading US and international firms in industrial equipment marketing, consumer marketing, and information technology systems, together with extensive senior executive and board positions, will provide the Company with a wealth of management and marketing experiece and board and management governance enhancement. Mr. Silbert has been appointed to the Audit Committee and Nominating Committee of the Board of Directors.
Ms. Estelle Lau was appointed to the Compensation Committee and Audit Committee.
In addition, the Board adjusted the exercise price of Mr. Ye’s 500,000 options, granted to him in July 2009 in connection with his appointment to the Board, from $1.58 to $0.73 per share. The Board also adjusted the exercise price of current Board member Estelle Lau’s 60,000 options, granted to her in October 2009 in connection with her appointment to the Board, from $1.22 to $0.73 share.
Furthermore, the Board of Directors appointed Simon Dong as the Company’s acting Chief Financial Officer, replacing Qinghuan Wu, the Company’s Chief Executive Officer, who had been the Company’s acting Chief Financial Officer since November 2009.
Mr. Dong, age 31, has been the financial controller of the Company since November 2009, and since June 2011, the acting Chief Financial Officer. From December 2007 to November 2009, Mr. Dong was the Financial and Administrative Director of Media-Plus Group, a private company engaged in different businesses, including catering, retail sales, movies, comics and entertainment. From August 2002, to December 2007, Mr. Dong was employed by PricewaterhouseCoopers as a Manager, Assurance Services. Mr. Dong has a Bachelor of Arts in Economics from Fudan University, China.
The Board adopted an equity based awards plan, the 2011 Performance Equity Plan, which provides for up to 3,714,800 shares of common stock to be awarded by the Board or Compensation Committee, as stock options and other stock based awards. The plan provides that awards may be offered to directors, officers, employees and other consultants to the Company
The compensation plan and the stock options seems ridiculously high for these new BOD members!
Check out today's news. Two BOD directors replaced. Their pay rate of $25,000/month seems very high to me if they are just independent directors.
All....................interesting article and comments.................GLTA
http://www.fool.com/investing/general/2011/05/24/waving-the-white-flag-on-chinese-small-caps.aspx
I did the same thing on very low volume last year for about six - nine months, then ran from .2something up to about $1.34 over 1-2 month period as the 2 old 8-Ks were refiled with minor corrections.
Is this a hoot or not?.............First trade today, 191 shares, pps goes to .73 from .85..........................Next trade, 100 shares, pps goes from .73 to .99.........Do you feel like we are being hustled?...........................................................................Just a side note, A good reporter on CNBC TV , MARK HAINES, passed away today.......A quality guy....................................................................................but, back to CGYV....what a hoot...................
No, not this one. Investors are just unhappy that it has not shown a profit yet, in any of the recent reports as they caught up on their late reports. I will be buying again (loading the boat) at .30 to .50 very soon. By Feb 2012 this one is likely to hit $2/share when the big profits finally show up. The it will depend on how high the profits are, and how stable they are.
All about completed expansion of plant capacity, and a 10X increase in new orders that are now on the books for delivery this fall and winter. But it is likely to re-test .30 this summer, the next 3 months due to low volume!!!!
another china stock scam........
10Q late.........notice at the bottom...2010, end of 1st qtr company made$188,579 profit..................2011, 3/31 company had a LOSS of $285,799..........disappointing
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7941452
Buy the rumor, sell the news. The entire China stock sector is under attack in the US markets. CGYV already peaked based on the updating/corrections of 2 years of financials here, in combination with all the new order news, it was a buy the rumor, sell the news deal. The Financials have not shown any profits the last 2 + years, so even though they are updated now, the contents stalled the rally, so now the day traders are slowing sell out after all the good new orders news has failed to move the price higher (for now), and volume is falling.
It will be a rock bottom buy again this summer to fall I think, as the 3-4th quarters are likely to show nice profits finally, when they are reported. It was already up 400% from last years lows, now it is correcting to test for a new bottom.
Tonight we have reason for joy, ......the PPS went up 1/100th of a cent today......Lordy,,Lordy,, Lordy are we not the blessed ones........Cannot believe we are not making progress with all these new contracts........Something smells....
just another step to a breakout year.....................GLTA
http://www.fixyou.co.uk/tracker_srm.php?s=CGYV.PK
I continue to monitor this stock. Own some, probably will add if it dips under $1.00. Patience will be rewarded with this stock IMO...GL all!!
I don't see us going anywhere here, any time soon. In fact we may get more bargains here this summer if world markets get a summer correction, and news acts like it is heading that way. I still have some shares, but I have not added any in a while.
I'm hoping for a flood of remarks......Lets see now, at 6AM today the 10K for 2010 is released..........eh, not good not bad.........there is not one trade all day until one minute to 4PM and then a 100 share trade goes thru at $1.01, a 7 cent drop from the close of yesterday....you couldn't make this up.......................and all the good news since last Nov is not good for squat...........thoughts, anyone (all 95 shareholders as listed + 200 in street names)
This should bring us up to date (now the 1st qtr) and maybe we can look fwd to being put on the Nasdaq......IMHO...............GLTA
http://biz.yahoo.com/e/110419/cgyv.pk10-k.html
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Contact Information | China Energy Recovery, Inc. Company/Business Description |
China Energy Recovery, Inc.
| CER is an international leader in energy recovery systems, with a primary focus on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Turkey, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, petro-chemicals, refining (including Ethanol refining), coke processing, and the manufacture of paper, cement and steel. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. |
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The disclosures about our history reflect the Company's capital structure as of the time of the occurrences described and do not take into account subsequent stock splits or other adjustments to the Company's capital structure.
We incorporated in the State of Maryland in May 1998 under the name Majestic Financial, Ltd. From inception to March 31, 2002, we were a wholly-owned subsidiary of The Majestic Companies, Ltd. In March 2002, The Majestic Companies, Ltd.'s board of directors approved a plan to spin-off our company to an entity controlled by The Majestic Companies, Ltd.'s former chief executive officer and to The Majestic Companies, Ltd.'s stockholders.
In 2002, we conducted a 1-for-10 reverse stock split of our issued and outstanding capital stock pursuant to which each ten shares of our common stock issued and outstanding on the record date of August 31, 2002 was converted into one share of our common stock. We had 27,150,000 shares of common stock issued and outstanding immediately prior to the reverse stock split and 2,715,000 shares thereafter.
We changed our name to Commerce Development Corporation, Ltd. in April 2002.
On September 24, 2002, we acquired USM Financial Solutions, Inc. through a Capital Stock Exchange Agreement. Pursuant to the agreement, USM Financial Solutions became our wholly-owned subsidiary. USM Financial Solutions has no assets and liabilities and has had no business activities since December 31, 2002.
On April 7, 2006, we entered into an Agreement and Plan of Merger with a newly formed wholly-owned subsidiary, Commerce Development Corporation, Ltd., a Delaware corporation, for purposes of changing our state of incorporation from Maryland to Delaware. On the same day, we conducted a 2,184-to-1 reverse stock split of our issued and outstanding capital stock pursuant to which each 2,184 shares of our common stock issued and outstanding on the record date of April 5, 2006 was converted into one share of our common stock. We had 98,285,596 shares of common stock issued and outstanding immediately prior to the reverse stock split and 45,096 shares thereafter.
Effective June 5, 2007, we changed our name to MMA Media Inc. and conducted a 40-for-1 forward stock split of our issued and outstanding capital stock pursuant to which each one share of our common stock issued and outstanding on the record date of June 5, 2007 was split into 40 shares of our common stock. We had 1,348,050 shares of common stock issued and outstanding immediately prior to the forward stock split and 53,922,000 shares thereafter.
On August 14, 2007, we launched our website announcing our entry into a new line of business. We sought to capitalize on the explosive growth of mixed martial arts by creating what we believed to be the first comprehensive media company dedicated solely to the sport. We planned to distribute third party and proprietary mixed martial arts media content, goods and services through multiple media platforms such as the Internet, television and print. These media platforms were expected to be secured through acquisitions and strategic partnerships.
On January 24, 2008, we entered into a Share Exchange Agreement (the "Share Exchange Agreement") with Poise Profit International, Ltd. ("Poise Profit") and the shareholders of Poise Profit. Pursuant to the Share Exchange Agreement, we agreed to acquire 100% of the issued and outstanding shares of Poise Profit's common stock in exchange for the issuance of 41,514,179 shares of our common stock to the shareholders of Poise Profit. The share exchange (the "Share Exchange") transaction was consummated on April 15, 2008.
On January 25, 2008, we entered into and closed an Asset Purchase Agreement with MMA Acquisition Company, a Delaware corporation, pursuant to which we sold substantially all of our assets to MMA Acquisition Company in exchange for MMA Acquisition Company's assuming a substantial majority of our outstanding liabilities. The transferred assets consisted of letters of intent for the proposed acquisitions of MMAWeekly.com, dated June 9, 2007, and Blackbelt TV, Inc., dated July 16, 2007, and all shares of common stock in Blackbelt TV, Inc. we owned, among other things. The total book value of the assets acquired was approximately $317,000. The assumed liabilities consist of accounts payable, convertible debt, accrued expenses and shareholder advances of approximately $360,000.
Effective February 5, 2008, we changed our name to China Energy Recovery, Inc. and conducted a 1-for-9 reverse stock split of our issued and outstanding capital stock pursuant to which each nine shares of our common stock issued and outstanding on the record date of February 4, 2008 was converted into one share of our common stock. We had 85,067,000 shares of common stock issued and outstanding immediately prior to the reverse stock split and 9,451,889 shares thereafter.
On April 15, 2008, we closed the Share Exchange pursuant to which we acquired all of the issued and outstanding shares of Poise Profit's common stock in exchange for the issuance of 41,514,179 shares of our common stock to Poise Profit's stockholders. Upon the closing of the transaction, Poise Profit became our wholly-owned subsidiary.
On April 16, 2008, we conducted a 1-for-2 reverse stock split of our issued and outstanding capital stock pursuant to which each two shares of our common stock issued and outstanding on the record date of April 15, 2008 was converted into one share of our common stock. We had 50,966,068 shares of common stock issued and outstanding immediately prior to the reverse stock split and 25,483,034 shares thereafter.
From inception until 2000, we were engaged in the limited origination and servicing of new modular building leases. We conducted such activity primarily in the State of California and accounted for all the leases we entered into as operating leases. We ceased entering into new leases in 2000. Between 2000 and January 24, 2007, we were a development stage company in the business of providing business management and capital acquisition solutions. As a result of the closing of the Share Exchange on April 15, 2008, our new business operations consist of those of Poise Profit's Chinese subsidiary, HAIE Hi-tech Engineering (Hong Kong) Company, Limited ("Hi-tech"), which is principally engaged in designing, marketing, licensing, fabricating, implementing and servicing industrial energy recovery systems. Poise Profit was incorporated on November 23, 2007 under the laws of the British Virgin Islands. Hi-tech was incorporated under the laws of the Hong Kong Special Administration Region, China on January 4, 2002. Hi-tech carries out its operations mainly through Shanghai Hai Lu Kun Lun Hi-tech Engineering Co., Ltd. ("Shanghai Engineering") with which Hi-tech has a contractual relationship. This arrangement reflects Chinese limitations on foreign investments and ownership in Chinese businesses. Shanghai Engineering's manufacturing activities are carried out by Shanghai Si Fang Boiler Factory-Vessel Works Division ("Vessel Works Division") located in Shanghai, China through a lease agreement with Vessel Works Division's owner. We are headquartered in Shanghai, China.
The energy recovery systems that Hi-tech and Shanghai Engineering produce capture industrial waste energy for reuse in industrial processes or to produce electricity and thermal power, thereby allowing industrial manufacturers to reduce their energy costs, shrink their emissions and generate sellable emissions credits. Hi-tech and Shanghai Engineering have primarily sold energy recovery systems to chemical manufacturing plants to reduce their energy costs by increasing the efficiency of their manufacturing equipment. Hi-tech, through Shanghai Engineering, has installed more than 100 energy recovery systems throughout China and in a variety of international markets.
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