Shengkai Innovations, Inc. (VALV)

[gonein60seconds]

I'm wishing I never bought into this stock it, seems the manipulation is really bad I've been on board for a couple years now and a stock that has this much cash and sales (even though they have went down somewhat)if it is a scam then it would have been brought to light by now, frustrating!!!!!!!!!!!!!!!!!!!!!!!!

[Stream205]

test........eom

[mikembte2005]

Not sure why the pull back but seems like only up from here now.

[gonein60seconds]

WTF

[gonein60seconds]

this was a great buy before reverse split at $8

[xr_biotech_consult]

chart looks good now

[mikembte2005]

Me too. Strong balance sheet and no debt. Should be a great buy now.

[gonein60seconds]

I'd iike to see it break the $1 mark on our way to maybe $2

[mikembte2005]

Big jump yesterday. Holding good today. The true value here seems to be many times more than current share price.

[Alala]

It's simple, there's no growth!
They got the assets, but incompetent CEO is not doing ANYTHING. He's not offering dividends, taking the firm private, nothing.

Majority of institutions like investment firms or banks sold their positions in this POS long ago.

Their sales are down as they continue to lose market share due to bad company management. It's only a matter of time before their cash flow weakens and become negative.

[gonein60seconds]

Still can't figure this company out they have no debt there assets are worth $8.12/sh there cash in the bank is $3.76/sh but they still are fighting to hold at $.77sh anyone have any insights as to whats going on that we havent already heard?

[gonein60seconds]

The volume here is pathetic, if only 10% of companies in this price range had no debt and cash in the bank would be huge,,, come on lets get this thing pumping again

[Alala]

Incompetent CEO leads this company to ruin.
FACT:
1. Changed Accounting Firm because the previous recommended a forensic audit for more $.
2. The CEO changed firms for lower fees.
3. A third party "investigated" and ruined relationships in the electrical industry.
4. The CEO claims its moving away was part of his plans and inevitable.
5. He charges higher pricing because the petrochemical industry is willing to pay more.
6. Recent 10-Q shows otherwise with revenue loss.
7. $69 million yet no repurchase of share or any return to shareholders.

This CEO is failing on many levels, back to the OTCBB for this POS.

SELL SELL SELL

[gonein60seconds]

They have made no comments as to what they'll do as of yet, the last reverse split was a joke

[Alala]

Sell this POS fast.
About to be delisted from NASDAQ. LOLOLOL

http://ir.stockpr.com/skii/sec-filings#
8-k July 5, 2012

Going back to China fast

[gonein60seconds]

They have been saying the target price for the last 3 years was $13 a share and that was before the reverse split they have no debt and cash in the bank WTF if only most stocks were like this!!

[treber585]

This company has cash equal to $1.89 a share and 1 year estimates of up to $5 a share. Might not be a day trade (maybe it will) but is nearly certain to make money from this level.

[johnsou]

Im holding this. Way above your buy in price. Bought it as a recomendation from one of these boards and didnt dump it quick enough.

[gonein60seconds]

WTF did I miss something why the 12% drop anyone know?

[Alala]

Just dump this dead company. Sitting on 69 million in cash and what does management do when it could buy back shares or give dividends? NOTHING.
What will it do when it fails to trade above $1 for the minimum amount of time? What will they do when NASDAQ comes in?

1. Reverse Shares again?
LOL

[hdp1]

am I the only one holding this dead dog? in at 1.10 ill wait for next report and then im out. Im done with china

[Alala]

1. They lost majority of their revenues in the electrical industry.
2. They lost substantial amount of customers in the petrochemical industry because they raised their prices.
3. The certification needed to be deemed "worthy" in the chemical industry and petro takes one-three years according to their last conference call.
4. They sit on all the money but the board/CEO refuses to do anything productive with it, referring to the last conference call.

As the Q&A said, an investor asked if there's any buy out or dividend payment or stock buyout, the management replied NO.

Hence, lack of shareholderse interest. Also all the major investment firms dumped their shares.

This company is rated as a Death Charge. Better dead than alive.

[gonein60seconds]

I don't if this has any bearing on the pps they keep hiring very young individuals with no experience I guess as puppets IMO read on



As previously reported, David Ming He resigned as Chief Financial Officer (the “CFO”) of Shengkai Innovations, Inc. (“Company”) on March 20, 2012. On April 6, 2012, the board of directors of the Company (the “Board”) appointed Ms. Linbin Zhang, the Company’s treasury manager to be the Company’s interim CFO, effective April 19, 2012.




Ms. Zhang, 29, has been serving as the Company’s treasury manager since February 2010. From October 2009 to December 2009, she served as accountant in Worldwide Clinical Trials, Inc., in Los Angeles, California. From August 2007 to September 2009, she served as accountant in Turbo-Tek International, Inc., in Los Angeles, California. From June 2006 to June 2007, Ms. Zhang was an audit associate in Deloitte Touche Tohmatsu CPA Ltd.in Tianjin, China. Ms. Zhang holds designation of Certified General Accountants of Canada since 2007. She received her Bachelor of Business Administration degree in Accounting from Nankai University in 2006.




Pursuant to the Employment Agreement (the “Agreement”) between Ms. Zhang and the Company, dated April 6, 2012, Ms. Zhang will serve as the Company’s interim CFO until a suitable candidate for CFO has been qualified and selected by the Company. Ms. Zhang is to receive an annual salary of RMB 180,000 and her salary may be increased at the discretion of the compensation committee of the Board.



On May 30, 2012, the board of directors (the “Board”) of Shengkai Innovations, Inc. (the “Company”) elected Ms. Jia Lin to serve as director of the Board and chairperson of the Audit Committee of the Board, effective June 1, 2012.




Ms. Lin, 28, has been serving as Finance Manager of Yayi International since July 2011. Prior to that, she served as Professional Auditor in Deloitte Touche Tohmatsu CPA Ltd. (China) since July 2006. Ms. Lin holds designation of Certified General Accountants of Canada and is a member of the Association of Chartered Certified Accountants . Ms. Lin received her bachelor’s degree in accounting and master’s degree in business administration from Nankai University in Tianjin, China.



Ms. Lin is to serve as director and chairperson of the Audit Committee for one year and is to receive an annual compensation of RMB60,000 (approximately $9,464) in consideration for her services.
this is not instilling confidence

[hdp1]

this is crazy, my DD shows over $4 cash per share with a book value 7.77-8.15 anyone care to guess whats wrong here?

[gonein60seconds]

Whats up no one following this stock anymore? Why does it keep going down they have no debt and money in the bank does everyone think this is a scam?

[$King]

VALV @ .85

[ralfito]

The fundamentals still look very positive. We just need them to create some good results and news and this will go.
And some volume!

[Piratmc]

VALVStock is about to go. Just needs to clear multi-day level of 1.25 and it should send it to at least $1.50. $2 is my long term target. Risk is very limited, around 1.15ish would be my stop
follow me on twitter

[s402005]

Ready to take off?

The stock is still cheap.......

S402005

[s402005]

Bought some shares today......Let us start

S402005

[PURA VIDA]

Thank you, I'll go check it out, much appreciated.

[tubbynu]

They did have news on a new contract today

[PURA VIDA]

Was looking to go long...but this ? :

Shengkai Innovations, Inc. Issues Q3 2012 Revenue Guidance Below Analysts' Estimates
Thursday, 9 Feb 2012 04:02pm EST

Shengkai Innovations, Inc. announced that for the third quarter of 2012, it expects revenue to be approximately $5.5 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $10.5 million for the third quarter of 2012. Full Article

That is about 1/2 of what was expected......don't know

[mr green1]

on way back to 52 week high real SOON!

[tubbynu]

Easily if we can get the same level of volume tmw

[cr33ps]

$1.55 or more tomorrow?

[ToBeFullTime]

I took 3/4 off at 1.37. riding 1/4

[stockweiser]

Hows the Charts looking where do we need to close?

[ToBeFullTime]

BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAMMMMMMMMMMMMM

[ToBeFullTime]

Lot of volume trading here. with only 2 to 3 cents move down. Its primed to ripp this week

[lecorb]

JAYWALK CONSENSUS (SM) 4/16/12 2.20 BUY

INDEPENDENT RESEARCH
PROVIDER RATING DISTRIBUTION
5 Independent Research Providers
VERY
NEGATIVE
STRONG
SELL
0
NEGATIVE
SELL:0
NEUTRAL
HOLD:2
POSITIVE:BUY,2
VERY
POSITIVE
STRONG
BUY:1

INDUSTRY, SECTOR AND OVERALL JAYWALK UNIVERSE RANKING
Industry, Sector and Overall Jaywalk Universe ranking charts on the right are shown on a 0.0% to 100.0%
scale. A stock with a percent rank in industry of 25%, for example, indicates approximately 75% of the
stocks in that industry have a better Jaywalk Consensus (SM) than the given stock. Likewise, a percent rank
in sector of 50% indicates that the stock is ranked the midpoint of all stocks within the sector. Rollover dots
in the chart to view company and consensus information

INDUSTRY
CONSENSUS
DISTRIBUTION
This chart shows VALV’s
Consensus rank in
industry relative to the
Consensus of the 18
companies in its industry.
VALV is shown against its
peers to assist investors
in identifying where the
Jaywalk Consensus (SM)
and coverage of the stock
is in respect to other
industry participants.
Note: Dots displayed
indicate there are at least
4 IRPs providing coverage

PEER COMPARISON
RANK IN INDUSTRY 95.0%
Industrial Distribution
VALV Coverage: 5 IRPs, Industry Avg.: 11 IRPs
0% 100%
VALV's consensus score is higher than 95.0% of the
Industry.
RANK IN SECTOR 97.4%
Industrials
VALV Coverage: 5 IRPs, Sector Avg.: 11 IRPs
0% 100%
VALV's consensus score is higher than 97.4% of the
Sector.
RANK IN JAYWALK UNIVERSE 97.1%
VALV Coverage: 5 IRPs, Universe Avg.: 11 IRPs
0% 100%
VALV's consensus score is higher than 97.1% of the
Jaywalk Universe

Regards

[ToBeFullTime]

Very nice article. !! thanks b00n

[lecorb]

They began to come buy recommendations

Resistance begins. Rebound at any time.


Regards

[xr_biotech_consult]

5 Reasons To Buy Shengkai Innovations

http://seekingalpha.com/article/500781-5-reasons-to-buy-shengkai-innovations

[ToBeFullTime]

Seems to be curving up on intraday 5 min chart. I would like to see a quick wash on volume and put a hammer on daily chartand rip from tomorrow

[ToBeFullTime]

It cant seem to decide to go either way.

[stockweiser]

Ihub says float is more for some reason.

[lecorb]

VALV:Update of shares.

Shares Outstanding:16,638,305
Today:Wang Shen, shares:8,225,219 (49.44%)
China Found Limited:1,683,341(10.115%)aprox.

Float: 6,729,745

The low level of shares will increase EPS level, very positive
Level of short sales, low.

The three indexes for a good recovery next week.

Regards,

[lecorb]

AMERICAN BULLS, BUY-IF 13 minutes ago





http://www.americanbulls.com/StockPage.a...

REGARDS.

[lecorb]

THE CHART,CHANGE. POINT UP $2.05


http://stockcharts.com/h-sc/ui?s=VALV&p=...


REGARDS.