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Good deal. Thx finbar.
Thinking where there's big $ to be made there's crafty positioning, and that this one has a chance of being one of those "if only I'd bought it back then" Q's. Basing my risk on a 50% potential loss though.
13g filed by Honest Best with 11% of O/S - had been suspecting someone was accumulating.
Ad hoc Equity Committee has filed motion for appearance in the CHNGQ case. Can't hurt. This has got to be one of the slowest cases with the barest minimum of motion practice I've ever seen.
They dealt with that quickly.
CHNG: China Natural Gas and Executive Settle Fraud Charges
http://www.sec.gov/litigation/litreleases/2013/lr22719.htm
Press Release from Insider Investing Daily
Should this help CHNG. Seems they would already have the capability to roll into the recent discoveries of NG in China?
However; this will not get them reporting to the SEC.
Dear Reader,
I will keep my commentary brief. I want to introduce you to somebody I think can make you a lot of money. But before I do... I need to share some big news from Friday.
It looks like China will beat America in the race to energy independence.
When I first wrote about China's huge natural gas discovery in late December, my phone lit up. I had reporters across the U.S. and even Europe wanting to know why I wrote what I did.
Now, just three months later, the story is even bigger. And my bold prediction is quickly becoming true.
On Friday, Beijing told us its shale-gas production will go from almost nothing today to 6.5 billion cubic meters by 2015... and more than 10 times as much by the end of this decade.
The announcement marks a huge shift in the world's energy markets. And it is not just another example of propaganda from a country known to fudge its data. The United States readily admits China is a game changer.
With over 36 trillion cubic meters of gas trapped within its shale deposits... China owns the world's largest gas reserves. And those figures are straight from Washington.
Say so long to coal... and so long to nuclear energy. Cheap, abundant natural gas will soon be the world's energy source of choice.
Higher closings are a good thing...hmm...
Wake up you!!!!!!!
WTF?????? I want my money back! CHNG doesn't trade since September and THE CAUSE OF IT'S COMMENCEMENT TODAY IS THAT IT IS GETTING WALKING PAPERS FROM NASDAQ....that's some major FUBAR right there!
1.25 off .62 lod
MK
Halter USX China Index Announces 2011 Year End and 4Q Results and Adds New Constituents
Adds CHINA GRENTECH CORPORATION LTD (GRRF), TUDOU HOLDINGS LIMITED (TUDO), AND
ZUOAN FASHION LIMITED (ZA)
DALLAS, Dec 31, 2011 (BUSINESS WIRE) -- For the fourth quarter and for the year
2011, the Halter USX China Index was up 2.40% and down 25.59% respectively.
During the same period (fourth quarter and year end), the Dow Jones Industrial
Average increased by 11.95% and 5.53% respectively, while the NASDAQ finished up
7.86% and down 1.80%
HXC is also pleased to announce the inclusion of 3 new constituents to its
existing index of China-focused, U.S. listed companies including: China Grentech
Corporation Limited (GRRF) engages in the manufacture and sale of wireless
coverage products and services for telecommunications operators; Tudou Holdings
Limited (TUDO) that is an online video company; and Zuoan Fashion Limited (ZA)
which engages in the manufacture, distribution, and retailing of men's apparel.
It was also announced that China Natural Gas, Inc. (CHNG), WSP Holdings Ltd.
(WH), American Lorain Corporation (ALN), Yucheng Technologies Limited (YTEC),
China Information Technology, Inc (CNIT), China Finance Online (JRJC), Ku6 Media
Co., Ltd. (KUTV), China Pharma Holdings, Inc. (CPHI), China Marine Food Group
Limited (CMFO), China Nutrifruit Group Limited (CNGL), AgFeed Industries, Inc.
(FEED), China Sunergy Co. Ltd. (CSUND), and IFM Investments Limited (CTC) were
removed from the Index.
About the Halter USX China Index
The Index, created by the Halter Financial Group and calculated and distributed
by the NYSE Arca, is comprised of companies whose common stock is publicly traded
in the United States and the majority of whose business is conducted within the
People's Republic of China. The Halter USX China Index was created in response to
the unique economic opportunities taking place in China, as well as the current
dynamics in the United States capital markets. While there is strong demand for
Chinese equity, U.S. investors still seek and prefer the transparency offered
with a U.S. listing. For a company to be included in the Halter USX China Index
it must conduct a majority of its business in China, maintain an average market
cap of over $50 million for the preceding 40 trading days, trade on the NYSE,
NYSE Amex or NASDAQ and be approved by USX Selection Committee. Investors can
gain exposure to the Index by investing in an exchange-traded fund (ETF), the
PowerShares Golden Dragon Halter USX China Portfolio (nyse arca:PGJ). For more
information please visit http://www.usxchinaindex.com. The following 163 public
companies currently comprise the Halter USX China Index:
(SSRX)(JOBS)(SVN)(ATV)(ACTS)(GRO)(AMCN)(ACH)(AMBO)(ADY)(AOB)(ASIA)(ATAI)(BIDU)(BITA)(CIS)(CSIQ)(CYOU)(CHRM)(CAAS)(CBAK)(CBPO)(CO)(STV)(DL)(CEA)(CHOP)(CGA)(GRRF)(CHC)(KH)(LFC)(HTHT)(CMED)(CNR)(MY)(CHL)(CHNR)(NPD)(BORN)(NEP)(NKBP)(SNP)(CRIC)(CREG)(SHZ)(ZNH)(CNTF)(CHA)(CTFO)(CHU)(CVVT)(CXDC)(XNY)(CNYD)(CYD)(ZX)(CAST)(CEDU)(CHDX)(CISG)(CEO)(COGO)(CCM)(CCSC)(CTRP)(DQ)(DEER)(DANG)(EJ)(LONG)(FSIN)(GSI)(GA)(GSOL)(GSH)(GURE)(HSOL)(HOLI)(HMIN)(HNP)(ISS)(JASO)(DATE)(JKS)(JST)(KNDI)(KGJI)(KONG)(LLEN)(LDK)(LAS)(LIWA)(LPH)(MR)(NTE)(NTES)(NQ)(EDU)(NED)(NOAH)(ONP)(SEED)(PWRD)(PTR)(FENG)(QXM)(XING)(QIHU)(SOL)(RENN)(SMI)(GAME)(SNDA)(SHP)(SVM)(SCR)(SINA)(SHI)(SVA)(SPU)(SOHU)(SORL)(SFUN)(SPRD)(STP)(SYUT)(SYSW)(XRS)(TAOM)(TSTC)(NCTY)(TSL)(TUDO)(UTSI)(VIT)(VISN)(WWIN)(WX)(XIN)(XUE)(YZC)(YGE)(YONG)(YOKU)(HOGS)(ZA)
21Vianet Group Inc (nasdaqgm:VNET)
3SBio, Inc.
51 Job, Inc.
7 Days Group Holdings Ltd
Acorn International, Inc.
Actions Semiconductor Co
Agria Corp.
AirMedia Group, Inc
Aluminum Corp. of China Ltd.
Ambow Education Holding Ltd.
American Dairy, Inc
American Oriental Bioengineering, Inc.
AsiaInfo Holdings, Inc.
ATA, Inc.
AutoNavi Holdings Limited (nasdaqgs:AMAP)
Baidu.com, Inc.
BCD Semiconductor Manufacturing (nasdaqgs:BCDS)
Bitauto Holdings Limited
Bona Film Group Limited (nasdaqgm:BONA)
Camelot Information Systems Inc.
Canadian Solar, Inc.
Changyou.com Limited
Charm Communications Inc.
China Automotive Systems Inc
China BAK Battery, Inc.
China Biologic Products, Inc.
China Ceramics Co., Ltd. (nasdaqcm:CCCL)
China Cord Blood Corp
China Digital TV Holdings Co., LTD.
China Distance Education Holdings Limited
China Eastern Airlines Corporation Ltd.
China Gerui Advanced Materials Group Ltd.
China Green Agriculture, Inc.
China GrenTech Corporation LTD
China Hydroelectric
China Kanghui Holdings
China Life Insurance Co Ltd
China Lodging Group, Limited
China Medical Technologies, Inc.
China Metro-Rural Holdings Limited
China Ming Yang Wind Power Group
China Mobile Hong Kong Ltd.
China Natural Resources, Inc.
China Nepstar Chain Drugstore Ltd.
China New Borun Corp
China North East Petroleum Holdings Limited
China Nuokang Bio Pharmaceutical Inc
China Petroleum and Chemical Corp (Sinopec)
China Real Estate Information Corporation
China Recycling Energy Corp.
China Shen Zhou Mining & Resources, Inc.
China Southern Airlines Company Ltd.
China Techfaith Wireless Communication Technology Ltd.
China Telecom Corporation Ltd
China TransInfo Technology Corp
China Unicom Ltd
China Valves Technology, Inc.
China XD Plastics Company, Ltd.
China Xiniya Fashion Limited
China Yida Holding, Co.
China Yuchai International Ltd.
China Zenix Auto International Ltd.
ChinaCache International Holdings Ltd. (nasdaqgm:CCIH)
ChinaCast Education Corp.
ChinaEdu Corp.
Chindex International Inc
Cninsure, Inc.
CNOOC Ltd.
Cogo Group, Inc.
Concord Medical Services Holding Ltd
Country Style Cooking Restaurant Chain Co., Limited
Ctrip.com
DAQQ New Energy Corp.
Deer Consumer Products, Inc.
E-Commerce China Dangdang Inc.
E-House (China) Holdings Limited
eLong
Focus Media Holding Ltd. (nasdaqnm:FMCN)
Fushi International, Inc
General Steel Holdings, Inc.
Giant Interactive Group, Inc.
Global Sources Ltd
Guangshen Railway Co Ltd
Gulf Resources, Inc.
Hanwha SolarOne, Ltd.
HiSoft Technology International Limited (nasdaqgm:HSFT)
HLS Systems International, Ltd.
Home Inns & Hotels Management, Inc.
HuaNeng Power International, Inc.
iSoftStone Holdings Limited
JA Solar Holdings
Jiayuan.com International Ltd.
JinkoSolar Holding Co., Ltd
Jinpan International Limited
Kandi Technologies, Corp.
Kingold Jewelry, Inc
KongZhong Corporation
L & L Energy, Inc.
LDK Solar Co. Ltd.
Le Gaga Holdings Ltd (nasdaqgs:GAGA)
Lentuo International Inc.
Lihua International, Inc.
Longwei Petroleum Investment Holding Ltd
Mecox Lane Limited (nasdaqgm:MCOX)
Mindray Medical International Ltd
Nam Tai Electronics Inc
Netease.com, Inc.
NetQin Mobile Inc
New Oriental Education & Technology Group, Inc.
Noah Education Holdings, Ltd.
Noah Holdings Ltd.
Orient Paper Inc
Origin Agritech Limited
Perfect World Co., Ltd.
PetroChina Co. Ltd.
Phoenix New Media Limited
Qiao Xing Mobile Com
Qiao Xing Universal Telephone
Qihoo 360 Technology Co. Ltd
RDA Microelectronics, Inc. (nasdaqgm:RDA)
ReneSola, Ltd.
Renren Inc.
Semiconductor Manufacturing International Corp
Shanda Games Limited
Shanda Interactive Entertainment Ltd
ShangPharma Corporation
Silvercorp Metals Inc.
Simcere Pharmaceutical Group
Sina Corporation
SinoCoking Coal and Coke Chemical Industries, Inc. (nasdaqcm:SCOK)
Sinopec Shanghai Petrochemcial Co. Ltd.
Sinovac Biotech, Ltd.
Sky-mobi Limited (nasdaqgm:MOBI)
SkyPeople Fruit Juice, Inc.
Sohu.com, Inc.
SORL Auto Parts, Inc.
SouFun Holdings Limited America
Spreadtrum Communications, Inc.
Suntech Power Holdings Co. Ltd.
Synthesis Energy Systems, Inc. (nasdaqgm:SYMX)
Synutra International, Inc.
SYSWIN Inc.
TAL Education Group
Taomee Holdings Ltd.
Telestone Technologies Corporation
The9 Limited
Trina Solar Limited
Trunkbow International Holdings, Ltd. (nasdaqgm:TBOW)
Tudou Holdings Limited
UTStarcom Inc
VanceInfo Technologies Inc.
Vimicro International Corp. (NASDAQ; VIMC)
VisionChina Media Inc.
Winner Medical Group, Inc.
WuXi Pharma Tech (Caymen) Inc.
Xinyuan Real Estate Company Ltd.
Xueda Education Group
Yanzhou Coal Mining Co. Ltd.
Yingli Green Energy Holdings Co. Ltd.
Yongye International, Inc.
Youku.com Inc.
Zhongpin, Inc.
Zuoan Fashion Limited
The information in this news release includes certain forward looking statements
that are based upon assumptions that in the future may prove not to have been
accurate and are subject to significant risks and uncertainties, including
statements to the future financial performance of the Company. Although the
Company believes that the expectations reflected in its forward looking
statements are reasonable, it can give no assurance that such expectations or any
of its forward- looking statements will prove to be correct. Factors that could
cause results to differ include, but are not limited to, successful performance
of internal plans, product development and acceptance, the impact of competitive
services and pricing, or general economic risks and uncertainties.
SOURCE: Halter USX China Index
Halter USX China Index
Chelsea Kindred, 972-233-0300
Copyright Business Wire 2011
CHNG Video Chart 9/12/11
http://www.qualitystocks.net/videocharts
China Natural Gas, Inc. is not a current client of QualityStocks
May be a chance for a good bounce back here soon.
Isn't this the same lawfirm for NEP lawsuit ... ?
INVESTOR NOTICE: The Rosen Law Firm Announces Filing of Securities Class Action Against China Natural Gas, Inc. - CHNG
China Natural Gas (MM) (NASDAQ:CHNG)
Intraday Stock Chart
Today : Wednesday 1 September 2010
The Rosen Law Firm today announced that a class action lawsuit has been filed on behalf of purchasers of China Natural Gas, Inc. (NASDAQ: CHNG) common stock during the period from March 10, 2010 through August 19, 2010.
I think it was Roth that busted them for the inconsistencies.
They issued a Sell on it and a target of $5
I don't know what their actual numbers are. Doesn't matter now.
They will have to pump the stock with press releases.
If I recall correctly Roth in their notes said they expected CHNG to generate revenue in Q3 from LNG. However RedChip says it would be late Q3 or Q4.
So I don't want any part of this
I will look at the Q3 numbers but probably won't even consider investing until 2011.
What is the scoop here real? Did the auditors catch them cheating? What was there net income before and then after this incident?
CHNG re-stated Q1 with the loan information, that Roth busted them on.
CHNG - short term bad news. A research report put out today by redchip says
On July 1, 2010, the Company began test runs of their new LNG production facility. The Company expects
to complete the test runs either by the end of 3Q10 or the beginning of 4Q10. CHNG plans to begin
production this year and then proceed further with their forward integration strategy of developing their
own network of LNG fueling stations. The annual capacity of the LNG facility will be 150 million tons and
the Company expects a utilization rate of 40% in 4Q10.
CHNG - an 8:49PM on a Friday earnings press release.
Who's idea was that! Geez! Did thry get the snuggie late night discount! Only bad news comes out after hours on a Friday.
And it wasn't that bad, with a new plant coming online for Q3.
Always release news before the market opens M-F
10Q filed. Revenue up 21,135,599 vs 20,742,520
net income 4,560,503 vs 3,862,756
Earnings .21 vs .26
Shares increased to 21,582,662 fully diluted from 14,726,647
They raised $54 million with an offering 9/2009 for the new LNG plant.
outta gas, so to speak.....
Short side
TRADE QUALITY 50%, Poor
TARGET 1 Price: 6.36
TARGET 1 POTENTIAL Excellent, there are 2 support areas on the way to Target 1.
Stocks may quickly fall to Targets when there are not many support areas blocking the way.
TARGET 1 SUPPORT Current price at support: 7.1 ± 0.21, type triple, strength 5
-5.7% at 6.6 ± 0.2, type single, strength 1
-9.1% at 6.36 is Target 1
TARGET 2 Price: 5.95
"China's NG consumption jumps 22.1% in past 6 months compared to the same time last year" the Global Times reports.
Natural Gas to be cornerstone of green energy supplyin China
China Natural Gas CHNG has recently completed its Liquid Natural Gas facility in Jingbian County of Shaanxi Province projected to boost revenues and earnings by 50%.
Free CHNG Company Profile
It looks like it's all good news for China Natural Gas lately. In a recent acquisition, CEO Qinan Ji seems genuinely excited about the prospects of the new compressor station as it helps the company expand deeper into Hubei Province.
The LNG plant in Shaanxi Province, one of the largest LNG plants in China is coming online and the company anticipates that the LNG plant will make a significant contribution to its business model by the end of the fiscal year 2010.
Another growth stock here that is over 50% off it's 52-week high! Too much of a bargain to pass up.
China Natural Gas Announces Successful Completion of Single Machine Test Run and Ignition Ceremony of Its Jingbian Liquefied Nat
Date : 07/01/2010 @ 9:43AM
Source : PR Newswire
Stock : China Natural Gas (MM) (CHNG)
Quote : 7.924 -0.056 (-0.70%) @ 9:39AM
China Natural Gas Announces Successful Completion of Single Machine Test Run and Ignition Ceremony of Its Jingbian Liquefied Nat
China Natural Gas (MM) (NASDAQ:CHNG)
Intraday Stock Chart
Today : Friday 2 July 2010
China Natural Gas, Inc. ("China Natural Gas" or the "Company") (Nasdaq: CHNG), a leading provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, announced today that it successfully completed the single-machine test run and ignition ceremony of its Jingbian liquefied natural gas (LNG) plant on June 30, 2010.
Mr. Qinan Ji, Chairman and CEO of China Natural Gas, commented, "It is with extraordinary pride that we happily announce the completion of the single-machine test run and ignition ceremony of the Company's Jingbian liquefied natural gas plant. As a county, city and provincial-level key project, the plant endured once-in-a-century snowstorm, the May 12 earthquake, 2008 financial crisis and lasted 1,015 days to complete the single machine test run and ignition. I am truly grateful and delighted to share this achievement with all our investors."
The Company recognized the accomplishment with an ignition ceremony at the plant, which marks a major milestone in the Company's history and will soon activate an important asset in the future results of the Company's business plan. The plant is the only LNG plant in Shaanxi Province and one of the largest LNG plants in China. The Company anticipates that the LNG plant will make a significant contribution to its business model by the end of the fiscal year 2010.
With the successful completion of the LNG plant single-machine test run and ignition, the Company is about to build its own LNG fueling stations, which will further the Company's strategic vision of an integrated LNG operation that covers production, distribution and marketing. The Company believes this strategy will place it in a highly advantageous position going forward in the competitive natural gas marketplace.
About China Natural Gas, Inc.:
China Natural Gas transports and sells natural gas to vehicular fueling terminals, as well as commercial, industrial and residential customers through its distribution networks in China's Shaanxi and Henan Provinces. The Company owns approximately 120 km of high-pressure pipelines and operates 25 CNG fueling stations in Shaanxi Province and 12 CNG fueling stations in Henan Province. China Natural Gas' four primary business lines include: (1) the distribution and sale of CNG through Company-owned CNG fueling stations for hybrid (natural gas/gasoline) powered vehicles; (2) the installation, distribution and sale of piped natural gas to residential, commercial and industrial customers through Company-owned pipelines; (3) the distribution and sale of gasoline through Company-owned CNG fueling stations for hybrid (natural gas/gasoline) powered vehicles; and (4) the conversion of gasoline-fueled vehicles to hybrid (natural gas/gasoline) powered vehicles through its auto conversion division.
SAFE HARBOR: FORWARD-LOOKING STATEMENTS
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. For example, statements about the future plans and goals of the JV with CNPC and its prospects are forward looking and subject to risks. China Natural Gas, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 10-K, 10-Q and 8-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in the Company's filings with the U.S. Securities and Exchange Commission, including its registration statements on Forms S-1 and S-3, in each case as amended. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.
For more information, please contact:
China Natural Gas Inc.
Jacky Shi
IR Director
Tel: +86-29-8832-3325 x922
Cell: +86-139-9287-9998
Email: yjshi@naturalgaschina.com
Investor Relations:
RedChip Companies, Inc.
Alexander Nachman
Tel: +1-800-733-2447 x118
Email: alex@redchip.com
Web: www.RedChip.com
SOURCE China Natural Gas, Inc.
CHNG Long term positive outlook still intact for growth
Recent China stocks pullback creates extra buying opportunity
Company remains positive about continued long term growth Full Year 2010 Giving Guidance of an increase of 20% to 25% in revenue for the full year 2010, which will place their top line growth in the $97.3 million to $101.3 million; bottom line growth looks for an increase of 17% to 22% which would place the bottom line in the range of $22.0 million to $23.0 million. or $1.03 to 1.08 per share for 2010 with $1.70 per share anticipated for 2011
The CEO Reiterated that the brand new liquefied natural gas storage tank will completed by June 30 which will greatly diversify their revenue streams and geographic presence. Liquefied natural gas is becoming one of the worlds most rapidly growing energy industries and CHNG is poised for continued growth. As natural gas demand in China continues to increase so will CHNGs top line revenue growth.
My take is you Average down on this dip and double if not triple your position for the reward over the next 3-6 months.
this stock is about to explode the 2010 guidence any day now!