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I may have to eat my words in that the amount being held I confused with another stock. Dont think CGYV ever had that much outside holders. Sorry
I would think that the lenders would look at this in a very negative light. Setting rates on loans will not be in CGYV's favor as they look for more loans in the near furture.
That may be a China stock trend, not just CGYV?
Just noticed that the institutional ownership went from 11% to 1.45%. Now THAT is scary.
Its getting close to the price where I will be loading the boat for the long haul. Made money on this one already when I bought the last knife about 3 years ago.
I've had this stock for a few years. I'm also about 90% down from where I originally bought in. My saving grace is when I began buying this stock, I was told that if I didnt plan on keeping it for 8-10 years, I would be making a mistake if I bought it. I own about 6000 shares. I'm just hoping that over the next 6-7 years, it pulls itself from the basement and makes me a few bucks.
I was in a broker type bar the other night and overheard some nasty-ass looking dudes talking. I could not believe that they were talking about this compamy.
From what little I could hear it sounded like they had a pretty nasty plan for the guys running this thing.
I got the hell out of there double-quick. Wanted no part of that. Rough looking bunch tho.
Between Hillary and the news media, we have been insulting China at every turn. I guess it is no surprise that they just shut the door on talking to us.
We own them a boat=load of money, and they own a huge piece of the USA, and then we dump on them politically and in the news. Middle finger to you in the West!
Do not be surprised if they pull out of the US markets and move the Chinese boards.
Would love to see this company do well and the investors reap rewards.
The ability of this management company is proving to be even worse than Sears (who are just now pulling their heads our of the sandbox).
The announcement of a big loan and a non-starter share buy back is not just poor management, it is pure stupidity.
It appears that is company could do well, but not with the inept management and IR people they have on board.
If this company suceeds, it will be inspite of the fools running it now.
Most days with volume are showing as shorts.
All I know is I'm down 90% . I have had this crap since it was 3$ and have been burned on all chinies co.s
Is any one actually RUNNING this company? Is it just a shell that is hiding under a smog cover in China?
The IR person is a joke with her answers and the lack of PR's or any information is laughable. Except that it threatens our investment (?) money.
Not familiar with the process, but some how I am going to ask the regulatars for help.
YO, ECOMIKE...........If I read a part of the report correctly they must be doing OK because the company bought some 2700 shares @ .43 cents...I would say that is their first purchase and I wonder what they are thinking that they are underwater like the rest of us fools.....................LOL.................BTW.....that is about $1100.00 of the $500,000.00 they put aside to re-purchase shares..............Fell off my chair laughing when I read that .................GLTA
They had a loss, no sign of profit yet, how is that fine?
It has been very volatile, trading between 20 and 40 cent area for weeks, or longer. With out a profit, and growing profits, this may just keep bleeding?
Book value per share is not that great either. About 7 million in stock holders equity divided by 31 million shares?
They need to show profits now!!!!
10Q for 1st qtr released around 11 AM...............numbers look good.................pps stinks as usual.........
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8676878
Huge push to sell US coal to China now that our demand is down. They say that this will be the saviour of the coal mining industry.
I forwarded the article to CER's point person. We shall see if she responds. Very good opportunity for the company to jump on the wagon to show how they can help the polution threat.
Add to that the AOL article saying that the world is at a tipping point in regards to polution and enviromental crisis about to happen because of polution.
Hope the company is reading the writing on the wall, so to speak. They can make a change in the problem
and needs to let the world know about it.
According to Time Magazine dated June, 11, 2012, there is a plan to sell a large amount of US coal to China soon. Hope they can convince them to clean the resulting toxic residue with CGYV methods.
It may have moved from PK back to OTC BB.
Edit: maybe the due to the slightly late 10Q, which is late due to recently restated prior 10Qs, which has them listed with a yield sign now.
No biggy long term IMHO.
Anyone notice that "PK" is gone from the end of symbol...................................The YAHOO msg board is gone...................Did the company apply and get NASDAQ listing.?..........................................Follow CCGY and the same thing has happened...................Thoughts,anyone?....................TIA
Yet, in the 2009-10 time period the annual revenues were in the 23-24 million area.........Today, we are in the 100 million or better area.............the company seems to be doing much better going forward ( factory is expected to be finished at the end of this year)...............Poor Public Relations.............Sent an e-mail to the company asking for some assurances......Not a word in return.....................GLTA
Both trades could have been MMs marking the tape, trading with themselves, but who knows, the buy could have been a desperate long marking the tape.
If the MM ever backs off I will buy at the lows like crazy, but right now they will not let retail buy the dirt cheap prices we have seen at the bid the last week or so.
CGYV had late, redone financial reports by a new top 4 auditor in 2009-10, that crashed the price, but the restated earnings were better, not worse once they restated them, and the stock rallied 500%.
ECOMIKE................Do you believe this maneuver by the MM's will abate when the 10Q is released?........#2 what do you think shot the pps up to .50 cents on only 100 shares earlier......................................................................TIA
MM is refusing to fill bid orders at the high bid, they bypassed my standing order that had priority for a week now and was the high bid, and the MM bought the .043 shares this morning for their own account. So they are rigging the game, they must be short and are trying to restock shares, cover, by scaring others into selling at the 90% off the ask bid.
So don't expect any bids of yours under about 10 to 20 cents to get filled anytime soon IMHO.
I hate Cheater MMs!!!!
I see it as a good sign, not a bad sign, but retail investors are few and far between on this sort of China stock, and they seem to have panicked already, and the markets are nearing world wide panic mode, and have already panicked in Europe...... I have a large bid waiting for the fall out myself on CGYV, as I see it as a great buying opp on a good sound company, at heavily discounted prices.
They had this restated earnings issue 3 years ago with a new top four auditor upgrade, and that also became a dirt cheap buying opp, that took us down to 20 cents, and 18-24 months later we went back to $1.34 for a nice 5 bager. This time we may get way cheaper, like down to .05/share if the summer and Europe get real nasty.
My summer start buying like crazy target here is .05 area and hold for 1-2 years.....
Anybody want to explain what is going on in the Amended filings and what this all means? I'm getting pretty nervous
History? name change? Why? Why issue stock or do a R/S? Are we talking the same stock here?
Bid has collapsed here today! I am back in at the bid!!!! Bid is equal to one quarters earnings today, what a steal!!!
My request for information/press releases was responded to by saying only that information could only be released through press releases. I asked again that they do just that and inform the shareholders of the status of our investment.
The bids and as are a range of bids and asks. The numbers is not cut in stone. The matchup can be anything in the range.
I just do not understand how often shares traded are at the other end of the price spread......ie; first 4400 shares traded to day are at the bid price of .40 instead of the ask price of .485 cents................................people buy at the bid price and sell at the ask price...................4400 shares today are in the SELL column...........phony trades perhaps?
To do a merger/buyout/aquision they will need to increase share os. Then soon after a r/s.
I don't understand" with a large issuance of stock with a reverse split"...........Usually a smaller issuance of stock occurs with a r/s...............Am I wrong ? TIA......
If history repeats itself, I predict a big name change with a merger/buyout of another company and a large issuance of stock with a r/s involved. Last phone number I could find was in Bevery Hills and it rings disconected.
At these prices I would have expected to see some of the supposed buy back occuring.
What company does all this borrowing and not show orders being placed or completed? Or, better yet, borrows big bucks to do a buy back?
Getting VERY nervous indeed.
The 8k on April 2 is not on too many news boards. Restating earnings for 2011 does not sit well with investors.
MM trying to stir up more bids and volume. Typical when volume dies out. Also typical a few months before a big rally back to $1 on this one, LOL. Only question is will it get nasty and hit .05 this summer before it bottoms and volume returns, and news rallies it way back up like last time to well over $1/share.
I wish someone could explain this selling at the bid price...........IHUB has 2700 shares sold @ .2011.................
Looks like it is time to start buying the knife on this one!!!
How low will she go?
Isn't this now selling for less than book value?
This has often been like a grave yard. Usually the big price drops right after it dies and the ask is twice the bid, with zero volume days, is just about the time to buy like hell! LOL
In the three years I've been buying this stock I've had that happen three times...............Cannot push the priceup but 100 shares will drop it 10-15 cents..............................GLTA
I bid for a tiny 1k shares at .40 It fill @.36
That was an intentional mistake......I thought I would get more responses........................ECOMIKE......What about my point that you would think sells would be at the ask price area...............................BTW......The Yahoo board is like a cemetary nobody visits anymore.................TIA for your response..........
????????Volume? It is only 30,521 shares today.
What I do not understand is this.............at this point today we have 13.2 million in volume all at the bid price of .35....................................wouldn't you think all these sells would be at the ask price of .51............................................................................you have to think either IHUB has it wrong or someone else is playing with this volume...................................................Thoughts anyone........................TIA
I have not had time to keep up, but for me the question is can they make enough profit to pay off debt from the plant expansion, with out selling shares. A real profit this quarter is great news, but the increased sales may tie up working capital (receivables), unless the jobs are front end funded. Did we get a PE this quarter?
I still have some shares (long term hold), and if we get clarity on a good low running PE and the ability to earn their way out of debt, I will buy more shares, but for now I am not adding.
Does anyone care to chime in on the annual report.......some numbers are good...(1) revenue increase from 21 million (2010) to 90 mil. (2) EPS from minus 11 cents to plus 6 cents....etc..........................negatives (1) no forward looking statements...( in early 2011 projections included revs for 2011 to be about 115 mil------missed on that but also revs for 2012 to be between 200-250 million ) ...............this 2011 report should move the pps (I think ).......any views?......................................GLTA
Not expecting anything. I am holding what I have, I will buy heavy if the stock sells off hard on volume, but otherwise I want to see 12-18 months of steady financials now showing the ability to reduce the debt from capital loans used to build the new plant, before I buy more.
Thanks for your time......ECOMIKE..........While you are here can you tell me what you are expecting from the 10K at end of month.....................GLTA
Until the market actually opens it is not relevant. Look at the bid and ask while the market is open, that is all that counts. After hours numbers are just very large over night standing orders, if any. Conditional bids never show up on the bid ask, only MMs see those orders. And orders for less than 5000 shares do not show up either.
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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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