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China Huaren Organic Products, Inc. (fka CHRN)

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Last Post: 3/6/2017 9:37:59 AM - Followers: 6 - Board type: Free - Posts Today: 0

Moderator's Disclaimer - This board is for China Huaren discussion purposes only and in no way a recommendation to invest or not in this stock. Any investment decisions should be based on your own due diligence and decision. You are solely responsible for your choices to buy or sell. This is a disclaimer and in no way holds the moderators legally liable for your investments. BUYER BEWARE! Address c/o American Union Securities 100 Wall Street 15th Floor New York, NY 10005 212-232-0120 Jilin Huaren commenced its marketing operations in March of 2005. The growth of our business continued to the end of 2005, then came to a halt. During the winter of 2005, the government of China required that enterprises engaged in multi-level product distribution substantially revise the arrangements they had with their distribution network. Therefore, during the first quarter of fiscal 2006, we had revenues of only $103,309 – as we spent the quarter rebuilding our distribution network to achieve compliance with China’s regulations. We completed that rebuilding process in time to return to an almost-full marketing effort by mid-year, and reported third quarter and annual revenues of $492,815 and $2,188,146, respectively, in 2006. Our supply-to-distribution system continues to experience inefficiencies, however. In the Spring of both 2006 and 2007 we found ourselves with large inventories of perishable goods that we were unable to sell before their expiration dates. So at both times we transferred the goods to another distributor at cost. The transaction in 2007 involved a sale to Yushu Wanli Co., Ltd. of foodstuffs for $5,380,185 (equivalent to RMB 40,312,786) (including tax) under a contract that calls for payments to begin in cash in May 2007. During the quarter ended June 30, we received $667,305 (equivalent to RMB 5 million) from this client. In the quarter ended September 30, 2007, payments from Yushu Wanli fell to $266,922 (equivalent to RMB 2 million). This transaction relieved us of the problem of perishable inventory. But the results were that (a) we have a large receivable that will not be paid promptly and (b) we realized no gross profit on a sale that represented 74% of our revenue to date. CIK 0000931947 Fiscal Year End 12/31 Estimated Market Cap 11,320,000 as of Apr 9, 2008 Outstanding Shares 14,699,853 as of Apr 9, 2008 Number of Share Holders of Record 178 as of Apr 17, 2007 Transfer agent American Stock Transfer & Trust Company, 59 Maiden Lane New York, NY 10038 Unpaid taxes Chinese tax authorities have permitted us to delay payment of taxes on our operations, resulting in a $533,768 increase in our taxes payable. (Source: Low trading volume On many trading days there is a wide spread between the bid and ask on this equity which can hamper investor liquidity. Delayed audited 2007 annual report Extension requested Chart
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#27   CHRN revoked: Renee 03/06/17 09:37:59 AM
#26   CHRN SEC Suspension for Financials / Filings delinquencies: Renee 10/24/16 09:35:40 AM
#25   Happy 2011! What happened here yesterday? Nice jump. cashwealth 01/04/11 09:20:01 AM
#24   News?? What's going on with this one? Thx cashwealth 10/01/08 07:00:30 PM
#23   CHRN been quiet for a long while now. weo1998 06/02/08 01:31:39 PM
#22   Stockholders Equity buhg1b 03/17/08 03:13:23 PM
#21   Accounts receivable buhg1b 03/17/08 03:12:27 PM
#20   Indicate the number of shares outstanding of each buhg1b 03/17/08 03:11:26 PM
#19   On November 16, 2007 China Huaren Organic Products, buhg1b 03/17/08 03:10:32 PM
#18   CHRN had good numbers again. This just needs weo1998 11/20/07 10:21:55 AM
#17   TRading real nice so far today weo1998 10/18/07 10:27:45 AM
#16   HIGH OF $4.55 today. westcoastcash 10/17/07 12:06:06 PM
#15   This ones got $5.00 written all over it. westcoastcash 10/15/07 09:59:51 PM
#14   Nice move today. Still waiting on news weo1998 10/11/07 01:36:53 PM
#13   need to tighten up the spread some and weo1998 10/04/07 10:51:20 AM
#12   Amazing run today. More to come tomorrow? jopeeker 10/02/07 11:35:26 PM
#11   This is a profitable company yet there is weo1998 08/17/07 09:48:11 AM
#10   Just needs a little volume. some news about weo1998 06/08/07 11:17:29 AM
#9   Another nice move, let's see what happens here. r7315 06/08/07 01:43:59 AM
#8   Yes, Tuesday's move was exciting and I wasn't weo1998 05/10/07 09:15:28 AM
#7   Fantastic move today! r7315 05/09/07 11:48:36 AM
#6   r7315 05/09/07 11:48:35 AM
#5   dead stock moneytimeisback1 02/28/07 03:00:19 PM
#4   OH SCREW THE SHAREHOLDERS moneytimeisback1 01/17/07 02:26:07 PM
#3   this is what they did! cosmoworld7 01/17/07 02:19:39 PM
#2   what? moneytimeisback1 01/17/07 01:55:14 PM
#1   BOTH a reverse split of its outstanding common cosmoworld7 01/17/07 11:08:22 AM