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Has anyone managed to get any information from CKGT or Hawk Associates? I've tried but no response as of yet.
alot of people have lost alot of money on this and many other china stocks---they get off scot free and there is nothing to do about it short of buying a gun and a plane ticket as a tbet investor --loss taker planned on doing-----NOTHING CAN BE DONE---sec is useless here--------tmonkey
Why are they not filing the SEC forms?... even if it were to show extensive fraud it's likely alot better for shareholders than doing nothing? They should be forced to do just that if unwilling. It's truly disheartening to know someone has abused you to this extent. These people are blatantly crooked and the country seems to let them get away with it... that is encouraging this behavior... which is wrong both for China and the USA. The operatives who baited unsuspecting people to purchase these shares under the guise of verification/autheticity should be harshly dealt with. We, as shareholders, need to sue in both USA and China to the furthest extent of the law. Otherwise just hire some hitmen to hunt down these MOFO's and mow them and their families down one by one. Are there any other alternatives available other than these and walking away cheated to death and destroyed?
I realized there can not be that many shares available for sale yesterday.
ask goes lower and lower---some big boy wants out and w no buy vol---this will tank---ill nibble below 02 and wait until he justs dumps the rest---this may be a complete fraud so i wont go over board---learned my lesson from first shares---------tmonkey
You may be right about 2 cents.
I took a starter small position today.
But will add bigger position at or below 2 cents.
Ask 0.04 now.
Someone just scooped up.
not sure --dont think pink sheets info right----tm
What`s the float here
ty
good pr.---im waitin for 2s or under------------tmonkey
Got some today at 0.032
wish i had just been watching---any more selling and this will be .02-----tmonkey
Watching this one closely.
03 soon and company cant--wont make a noise to stop it--- tmonkey
there is th e nikkle predicted----on hardly any vol. any more selling will have this down to 3cents!!!!!!!!!!1---the pack of bandits must have really left town----ambulance chasing lawyers with their lawsuits anyone???? thaqts all that is missing and oh yea a resignition from the auditors-----------tmonkey---a big time cactus eater
bottom falling out----i lightened up to th buyer at .10 and can see i should have let em all go---if it can happen here it can happen to any of the china wonders-----------------never again -----to think that remergers are theft w no reprucussions----imo every chinese turd is at risk----AII of them-------------TMONKEY
.1799 on ask------maybe wont last but maybe a sign that sellers have dried up-----lets get some news here------wouldnt take much imo---------------------------------------------tmonkey
would have hit that nickle by now imo---on yahoo they say news is coming for what its worth---not so many selling--or buying down here----i cant see it getting worse from here out unless auditor resigns, but that also would have happened by now------------tmonkey
I see CKGT hitting a nickel next week...
slip slop should short it...
thats it in a nut shell----------i have been looking at many other cos. but for these reasons will ONLY keep looking------wkbt clean energy and the cactus co i bit at w the biggest mouthful now full of cactus-- for some reason they all lost the PK today--even ltus lost the pk----any ideas there??-- on yahoo they say ir promises news soon for ch kangtai---wouldnt take alot to rocket this from these prices----no new ch. companies will get me hooked-------------tmonkey
Most all Chinese r/mergers have their pps to low compared to shareholder equity.
Meaning new investors don't believe the valuations are true or that U.S. investors won't receive any of their shareholder equity in the future.
I think the SEC realizes this as well & as usual could care less about "current" holders.
Any steps the SEC takes will be to protect prospective investors which means.
Listing on other than the pinks will be hard to come by.
Trading halts have already become common practice.
We current holders are stuck & at the mercey of a Chinese CEO that doesn't have to answer to U.S. shareholders.
What a pickle this puts us in,,,shame on the U.S. for letting these securities trade in the U.S. & then leave shareholder holding a empty bag that was suppose to have some value.
That value where it may have existed has no meaning since the U.S. lets China decide the terms even though U.S. money was invested.
hope you are wrong here---they take the trouble to file late extensions--so hope there is but anything is poss.----the beating pr. wise has been taken so major upside IF report comes....too low to sell for most------------tmonkey
Even ckgte gets more love than wkbt that reported its 1st qtr numbers that showed while well down from past numbers still $0.19 eps added to shareholder equity & cash while making finacials even stronger.
PPS still around $0.30 is finally higher than ckgte that imo has gone dark & will probably follow in the steps of many other cHINA r/merger stocks.
"We got your money suckers & now were done with you."
they must still be working on prob as they havent resigned yet------even as a pinkie this will be ok if they have everything they claim...........still long------------tmonkey
The Auditor and Kangtai Cactus don't see eye to eye...
and that's a Problem..
prices down here trading like not legit---any glimmer of legit will send us up at least to pre scare prices imo----------tmonkey
Thanks for answering my question. I'm looking to add if the pps remains depressed here. Their PRs from 2012 have me convinced that the company is legitimate, regardless of their perpetual inability to respect American investors with TIMELY financials.
GLTA.
up 44% on 28k sh....where will it go if big buys come in???----------all in all looking good here----tmonkey
16 on ask----any big buying and we will make up lost groung fast-----allimo---------------------tmonkey
fully agree w alot of avg down this last wk.....and yes e--late report which they have been real good at...maybe this time will teach them to get their act together or hire someone that will do it for them in a timely manner-----now lets get that report out!!!!!!!!!!!-----------tmonkey
E means late reporting.
We still don't even know why the E was added to the symbol, do we?
I expect this stock to trade at 1.00 again someday and my hunch tells me that .12 is a steal, if only to throw the stock in the drawer for a while. I say gains will come.
Low sharecount. Marketed products. Patience and boldness at this level.
so far a good day-----buying coming in at these rock bottom low prices----sellers so far empty------------w report and buy vol. people will be chasing this---------im sure mms loaded down here for upswing-------------tmonkey
since e was added here about 1mill. sh have been unloaded of the float on a normally light vol stock----maybe dumping is about over----again a report should turn us around---a good ways up to my avg pr. despite adding almost every day since plummet in pr.-- the first at .19-- if i had all my shares at ,12 they would have to put me on the board and teach me chinese-----------------tmonkey
bit again today............maybe this has bottomed out but who knows....dumpers wanting out at any pr have to run out of sh sooner or later...hoping for sooner.......have bt avg dn abit for all the shares bt in 40s...but am still under water as most of the long termers ---lets have the report soon-- glta---tmonkey
im hangin in til the bitter end and even added today------------------------tmonkey
The Auditor hasn't resigned. Soooo they are just working on something? What I don't know. BUT as long as they haven't resigned I am looking at that as a positive. Meaning the auditor hasn't come to the conclusion that CKGT is a scam. If the auditor has come up with something that they thought was illegal or not legit. They most likely would resign. I think CKGT has always been alittle slow with the 10K and this year they are most likely dotting all the i,s and crossing all the t,s.
Just a filing is enough. Even if they come out and report, that they reported everything in Chinese Rmb instead of USD, still better than big blank nothing.
Trading at '1 quarter earnings' is ridiculous.
we need a filing here and no bad news about prev. earnings-------------------then they have to get help to keep reporting timely so this is a one off disaster------this is my only ch stock lsft as i eased out of the other one last wk.....one disaster at a time is more than enough------just the 10k will give us a boost-----maybe american tobacco or phillip morris is buying them for the cactus ciggys!! thus causing the silence----one can dream and has to here ----tmonkey
I hope you are not taking this as an excuse that launders their books.
If this is indeed a big handicap of theirs, they for sure are not qualified for listing here!
Reporting, Auditor
Keep also in mind the Michael T Studer was settled with the SEC in April 2011 (after last year's annual report)for a 10 year old case, and he is probably turning around every stone to make sure, he is not getting into more trouble, which would put his business on the line
From CKGT's 2010 annual report, I found a nice paragraph fitting for the current situation:Our company is at the early stage of adopting necessary financial reporting concepts and practices, including strong corporate governance,
internal controls and, computer, financial and other control systems. Most of our accounting and finance staff are not educated and trained in
U.S. GAAP and SEC reporting requirements, and we may have difficulty hiring new employees in the PRC with such training. As a result of
these factors, we may experience difficulty in establishing management, legal and financial controls, collecting financial data and preparing
financial statements, books of account and corporate records and instituting business practices that meet SEC reporting requirements. Therefore,
we may, in turn, experience difficulties in implementing and maintaining adequate internal controls as required under Section 404 of the
Sarbanes-Oxley Act of 2002. This may result in significant deficiencies or material weaknesses in our internal controls, which could impact the
reliability of our financial statements and prevent us from complying with SEC rules and regulations and the requirements of the Sarbanes-Oxley
Act of 2002. Any such deficiencies, weaknesses or lack of compliance could have a materially adverse effect on our business.
What has happened with me is I blieved in them, and then I stopped.
And the difference is not giving them anymore the benefit of the doubt.
And there are many many many doubts!
I think their CPA Studer felt the heat this year and stopped doing what he used to do for the past 6 years. So I believe he looked the other way about many items and now he decided to do his job and this is the ugly result.
The Wang family does not communicate at all with us. And they have learned nothing and didn't inprove a bit through all these long years. And I am sure they are not dumb, so it means they have consistent interest to hide and mask their true operation and business from the American investors. And I suspect very much that Studer helped them. He has 2 cases of misconducts in his past according to the SEC.
Their pictures show a very small operation. They could be selling $22m, $35m. Who knows what is the real figure.
Their PRs and presentations are a nice story they tell us and without sufficient factual fully disclosed valuable details, that if they did want to let us know fully their business they could have done much much better.
So if it looks like a scam, smells like a scam, talks like a scam, acts like a scam, than it is a scam!
When a 2011 report has gone this long without getting filed one must measure the risks of buying more to average down.
The possibility that the company will just go dark & never report again is a real concern.
I am facing the same thing with UTA accept CKGTE is still trading for now.
Good luck in what you decide whether buy hold or sell.
Playing with these Chinese r/mergers is like shooting craps.
Holding WKBT UTA NUIN CPQQ JADA & needing some luck somewhere along the line to go with 85% cash.
Unfortunately we have no choice but to admit that they are plain old crooks. They are not stupid and if they act as they do they are playing with all of us.
to think this traded at .14..15 they can pull them from my dead fingers.....alot of people feel the pain here....big vol day and people dont really know what to do ......ill hang on til 0001 if they are a scam.......still dont think so......but bloody hlllllll if they are real they better get their act together............tmonkey
I think after the year 2011. The auditer is going through everything with a fine comb. We all knew it would be a tough 10K to get through. Well most of us. And whatever companies that do get through their 10Ks would be better investments. The auditors of these co.'s don't want their names on them anymore if things don't measure up. So when CKGT does get the 10K filed it should at least triple from here? So eother you can panic sell here at this level and there are many picking up the cheap shares. Or you can hold or buy and get ready for a great rebound. I am still holding my shares. And looking to add at this level. 200%-300% return in a short time frame is very attractive. All IMO...
Many people (myself included) are at wits end and just do not want to deal with this stuff any longer...ie. the lack of communication, distrust, manipulation and outright fraud which is going on in Chinese Micro CAPS. This very possibly could be the worst experience in my entire life, I don't know if I can continue as I've been about completely destroyed.
sorry about dbl post ......one was enough...can this get worst...........cant see many taking the bid now if this isnt scam and i still believe they will get things in order....that said my last buy was at .42.....what the hlllllllll is goin on...........tmonkey
trading like a proven scam........no one happy here.......................tmonkey
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Company Overview
Click here for July 2009 Investor Presentation
China Kangtai Cactus Biotech Inc. (OTCBB: CKGT) is a market-leading grower, developer, manufacturer, and marketer of cactus-based products, including nutraceuticals, health drink and liquor, extracts & powders, nutritional food, livestock feed & fish feed.
The company accounts for 60% of China's edible cactus market share.
China Kangtai has a strong new product pipeline that includes personal hygiene and cosmetic products, baby foods, hydration and energy drinks, animal nutrition and feed products.
Culturally, Chinese believe in herbal-based medicine and dietary supplements, which some view as alternative medicine. This belief is the impetus for cactusproducts' popularity in China and other parts of Asia.
Cactus products provide health benefits and are used as auxiliary treatment to a variety of health issues, including diabetes, obesity, constipation, cholesterol, highblood pressure, low immunity and skin disorders.
Cactus contains over 18 amino acids, as well as carbohydrates, proteins, chief meal fibrin, carotene, vitamins C, E, vitamin K1, vitamins B1, B2, B6, and B12, nicotinic acid, folacin, calcium, phosphorus, iron, potassium, sodium, cobalt, molybdenum, magnesium, manganese,copper, zinc, nickel, iodine, and selenium.
July 2009 Investor Presentation
New Agriculture-based products, and "long term cooperation agreement"
with Chinese Ministry of Agriculture.
CKGT.OB is expanding their products to include patented cattle, pig, fish, and poultry feed in China's agriculture sector.
CKGT partners with Chinese Ministry of Agriculture Feed Industry Center (May 2008)
"The Company has also entered into a long term cooperation agreement related to the research and development of animal feed with The State Ministry of Agriculture Feed Industry Center. This cooperation combines science and technology, full range equipment, and will allow the Company's scientific research personnel to collaborate with the information resources of The State Ministry of Agriculture Feed Industry Center."
"The combined development teams will further study animal nutrition and immunology, which have been the basis for the development of cactus feed and cactus feed additives with different formulas. The success with animal studies led to the development of the products that the Company will market in short future. The parties will further study this area in order to develop additional products."
English Web Site http://www.biocactus.com/
Chinese Web Site http://www.xrz.cn/
Investor Presentation (July 2009) (click here)
SEC Filings (click here)
Shares Outstanding: 19M (fully diluted) Float: 5.3M (per July 2009 Investor Presentation)
Earnings History and Financial Information
Year Revenue Diluted EPS Shareholder's Equity Number of Shares (fully diluted) Net Cash Flow From Operations
2006 $10.3M .08 $13.8M 17.4M $0.1M
2007 $14.2M .13 $17.3M 17.7M $2.1M
2008 $20.3M .23 $25.1M 18.5M $9.6M
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