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What is the dead line to post the quartery report? thanks
pappy--this clown ceo has had enough time to throw a bone to shareholders----in the end he can give the money to a dog pound and the over there boys--US!---CAN TAKE A HIKE----NO RECOURSE----i left awhile ago and put more in the cactus co---nice move huh?-----but all in all i still like it better---if they report---much better---------------------tmonkey
some people are interested in the value of the company they run, others in the power they get from running it...
There is no doubt something is wrong as the pps vs assets & growth of WKBT does not compute.
Anyone in their right mind has to question why the pps is so low.
This is a highly speculative stock with a potential for rich rewards but also you could lose all your money if the CEO cannot be trusted as the caretaker of all that cash.
The CEO in the last year has indicated investor interests may not be his main concern.
With all that cash why hasn't he taken the company private?
What has he done to support the pps in the last year not much,yet he is the majority shareholder.
that is why I did not buy, something does not add up and I stopped thinking the market is always wrong long ago.
With all of the positives that this stock has why is its pps not relative to its growth . Thats what scares me
Why would it just sit
Operating cashflow is growing rapidly while the pps is shrinking even faster[although of late it has steadied around $0.30+or-a few pennies.
June 30th,2010 WKBT had cashflow of $17.10M & by Dec.31st,2011 ttm cashflow was $30.45M.
This strong cashflow has built total cash to $70.78M or $2.06 per share with B.V. @$3.25.
So cashflow alone will easily finance organic growth leaving the strong & growing cash pile to either be used to finance acquisitions or give investors a dividend.
Cash on hand would easily finance a buyout.
To date WKBT has bought a building for $14M to accomadate future growth.
But even after spending $14M in cash to buy a building cash has continued to grow because ttm cashflow is growing faster than outlays by a wide margin.
The cash has been audited & Independantly verified by a top auditing firm not once but twice so why is the pps around $0.30?
I believe the CEO holds the key to not only the strong corp. growth WKBT has had & should continue to have.
But will he share the wealth with investors?
I think this last question is what concerns prospective investors most since with WKBT's strong pipeline of new products I look for 30%+ growth in revenue & earnings to continue & for 2012 I see $1.15 eps easily attainable.
I will continue to hold my growing sharecount that I last added to @$0.27 until I get some answers as I believe the risk is down to zero if the CEO runs with the cash & the potential reward is 10 to 100 fold from the current pps in say 5 years.
the vol here should scare rats from cheese------when consultsnts????????????? need noodles watch out below----------------------tmonkey
long term holders here are a long ways off from that little pile of gold and have paid a heavy price------if big sell vol comes in here i cant guess what will happen to the pr.. no takers under .30!!-fundamentals dont matter any more because they can always drain cash off in any direction they want w no recourse from the sucker american pawns----you cant touch them as proven time and time again---been thru eternal techs---still waiting years for a settlement ftom CNOA---ETC...ETC -----i took a loss here and went all in on the troubled cactus co which i believe is close to an end of the dump sell vol... its my ONLY CH. CO......tmonkey
i like the little tree growing out of the pile of gold. priceless.
Website link;
http://weikangbio.investorroom.com/index.php?s=45
I'm just making the point that the company is diluting it's existing shareholders and I can't be sure of the reason. "Consultants" is all they have to say.
I did finally receive a response back from the company to my email. I must say I was extremely dissapointed with the answers as they made zero sense.
When I asked about the low level of inventory, this is what they replied.
"The the turn over time of the inventory roughly 15 days. It take some more 15 days for to order raw material to complete an order from a customer. However since the New Year and Chinese New Year, which is a two weeks holiday are in January, so the inventory is much lower than the normal level."
This can't be correct because the inventory on the SEC report is as of December 31st. Were they not producing anything for the first 3 weeks of January?
I also asked about using cash for share buybacks and dividends. No joke, this was the reponse.
"As for the use of cash we have been"
I've sold my shares and no longer own WKBT.
any waiting period on all the freebies is clearly over and full effect of dumping is a long way from over...........all IMO............AS I SAID BEFORE i will avg dn in teens to try to help holdings in red like most or all?? longer term followers here...............tmonkey
early last year, and with the time between end of year and audited financials, it was over 12 months ago. That said, as Reg S or 506 stock, there was a waiting period for them to sell...
Just read the lastest SEC filings. There was over $8 million given to "consultants" last year.
BIG
Do you have proofe about issuing shares to consultants.
I know it was a year ago when the pps was over 2 $ ,i don't bellive that at 0.3$ they do that again.
On yesterdays volume;
A penny stock newsletter recommended WTFS which has a subsidary named Weifang Henyuan oil pump & nozzle.
Over on yahoo a number of posters were posting that WKBT was the stock recommended.
I posted & called them morans.
I usually don't get into name calling but I wanted to mention that I believed they had the wrong stock.
Their is one poster over on yahoo that likes to call me a negative poster.
I am long WKBT but I try to post facts as I see them both positive & negative as I believe only posting positive leaves out a lot of facts as it pertains to WKBT.
Even though I have seen nothing that proves WKBT is a fraud the management team has done many things that have had a negative effect on the pps.
I was wondering about the volume yesterday & besides what I already mentioned I noticed most of the volume was sellside volume which indicates that we may still have some shares overhanging the market from consultants or investors that don't like the way WKBT has addressed the website being down.
Part of the problem seems to be that the company continues to issue "shares" for services by consultants. These consultants are probably selling their shares for cash which means we've got a bottom less pit here.
I'm out of WKBT.
saw pappa was taking some flack over on yahoo....one persons opinions wont put sp up or down....are only pos. posts welcolm...??? and the tipster posts usually only take over brds w dead stocks.....real boiler room tactics w all the posters supporting the first poster when they run out of alias names they go to the next rm to get more support....ive gotten s..t before on exposing this c..p........they should be tracked down and dealt with.........much more of this on yahoo than ihub.........they are real crooks so watch out i had orders in that didnt get hit yesterday in even lower 20s..........i canceled them and will wait for teens........as a sh holder i hope i have a long time to wait but believe i will avg down lower after yesterdays relentless selling....alot more freebies to go...........tmonkey
NOW WE ARE SELLING OFF LIKE THIS IS A PROVEN SCAM.........a previous post i think ON yahoo said the same thing a while back......as for my holdings here all i can muster is a big OUCH....im not selling a share....pappy you seem to be up to date here..what is your take here on this monster vol neg day???......tmonkey
Well in that case, I sent an email 16 days ago and have still yet to get a response.
weikangbio@yahoo.com
It was at the p/r
At least someone received an email back. I sent a list of three questions and one recommendations and haven't heard a peep. What email address did you send to?
pretty lame response....but what can we do.... these ch cos can do what they want and are untouchable.......and they know it!!!..........we can just hope they are on the up and up...............tmonkey
crap shoot and i am bad at cards........ w price here i am stuck here as many others w more on the table than me.....i maybe would avg down in low 20s if i was drunk when i got online.....dont laugh ..ive done it before w real lousy results.....we all can hope this works out..my glta..............tmonkey
I olso send email about the web site and the answer was"We are working on this.Sorry for the incconvenience".
E-mail sent;
Website expired April 1st & has not been renewed.
Why have you not renewed it & also no 2012 guidance has been given.
In the past WKBT has at least given revenue guidance.
Do you really care about attracting & even more important keeping the U.S. investors you still have.
E-mail reply;
Sorry but we are working on it this issue.
looser management is one thing, and if all this were a matter of them not promoting the stock, I'd buy and hold just to wait for a P/E greater than 1... but the inconsistencies here beg too many questions.
bingo....back in 20s again and no relief in sight.....what a looser mangt. that offers nothing to save sp... but w their history what could we expect .....how low will we go before qt 1 report and the valued consultants are out of shares..................a dissapointed tmonkey
I'd certainly love to see if they send you a reply. If they would have sent me one I'd still be holding shares.
hi pappy.....i have lightened up here a bit and bt the cactus co again..i really believe the 20s are around the corner w so little help from co......if these two are duds ill never touch a ch co again..almost bit at tbet a while back but bt more here instead...i hope all the best of luck here........tmonkey
I sent a e-mail off asking about the website status among other things.
Will post if & when I get a reply.
i have my doubts also but what a loss i would take as well as those in even earlier than i got here..any word on future must give a better exit pr. than 30 cents provided the big sellers..CONSULTANTS!!! dont beat us to the door......tmonkey
I'm out of WKBT.
Here's why:
1. No company in their right mind with a serious business would let their website lapse.
2. They have have a recorded inventory of $1,024,467. This seems like a very low amount of inventory for a company with sales in excess of $101 million. That's not even 4 days worth of inventory.
3. In 2011, the company issued $8,705,000 in stock based compensation for eight months of "consulting services." I sure wish I was a consultant.....
4. I sent an email to the company two weeks ago with several questions and have failed to receive any response.
Too many other good companies out there to leave my money invested in this one in my opinion.
Weili & the ceo of wkbt are brother & sister so the transfer of shares was just a family arrangement.
Everyone keeps coming up with reasons not to trust WKBT but so far there has been a answer.
Some say the company is a fraud because they have margins higher than most but not all in their sector.
I have found that while WKBT doesn't keep investors informed like investors would like,,,they do run a operation,,,
Production lines are run with 1st class efficient equipment,,costs are kept under control,,,they manufactor namebrand products that use deluxe pkging & they run mostly a cash & carry wholesale operation while extending a 60 days payment period for preferred customers that have alway paid up.
This letting the U.S. website laps does seem puzzling unless they figure to take the company private. What other reason would make sense since money would seem not to be the issue.
Yes i agree,but not a english speaking one.
Hi Pappy
I used to own WKBT and sold at profit before china space scandals.
I have some doubts about this co. Weili gave rights to wKBT Ceo Yang to buy her 22.9 mil shares of WKbt for $1000 thru LWL. Some thing FISHY. Why would Weili sell to yang? Pl see annual report
Hi Pappy
I used to own WKBT and sold at profit before china space scandals.
I have some doubts about this co. Weili gave rights to wKBT Ceo Yang to buy her 22.9 mil shares of WKbt for $1000 thru LWL. Some thing FISHY. Why would Weili sell to yang? Pl see annual report
a private company would still want a website to advertise...
I can not believe that it is the reason. ( going private )
Even if they go private, then they want the website running.
If it is a scam, they also want the website running. So there is no reason to let it expire. ( it only cost them a few hundred of $. )
So I realy do not know what is the reason, but it is very strange
for a company with a turnover of more than 100 mil. projected.
Hope we will hear something soon........
I tried to e-mail Venus to ask about why they let their website expire on April 1st but was unable to get the e-mail to go thru.
There has been a lot of talk about why hasn't the company gone private with the pps so low.
Could that be the reason they have not renewed?
Hi Pappy,
Thanks for your quick response.
I think this is very strange, for a company
that has 70 mil in cash.
If I look at CKGT, you know that company also, then you
can look at their website, and see their products.
I want to invest in WKBT, but I want to see their products,
website, R&D ect ect.
How do you think about that ?
Thanks,
I also noticed that their website has expired but I thought that was from april 1st.
Even so the company has no website at the present time.
Hi Pappy,
I was looking for the website of Weikang Bio-Technology.
The domainname : weikangbio.com is experid since january 2012.
Do you know if this company has a website ?
Thanks for your information.
Have a nice weekend !
Todays action saw a little bit more volume with buyside volume of 31,300 shares & sellside volume of 4,800 shares.
The last trade of the day was 1k shares @ the bid so WKBT finished the day @$0.38 -$0.04 or 9.52%.
Progress none the less in this consolidation of earlier gains.
I realize some me included were expecting the pps to be north of $0.50 after the 10k was filed on time but that wasn't the case.
A lot of times stocks in this space have a delayed response to positive news so lets see if that maybe the case.
I bought a lot of shares @$0.27 & am still holding on to them all but im sure some have been tempted to take 50% profits & run.
So this consolidation after the runup off the lows goes on a bit longer.
We could use a bit of PR from WKBT concerning the acquisitions they hinted at or the guidance we usually get or at least what their plans are in 2012.
Oh well 1st Q numbers will probably make things a little clearer about 2012.
GET IN for those who aren't in yet!!
China stocks are on fire again last few days (HEAT, CNAM, LLEN, CREG, CLNT, VALV,...)
VERY HEAVY VOLUME.
This will be at 4 before we've noticed.
all the good fundamentals in the world wont help here as long as sell overhead is there----dont think profit takers are a major concern, as even those that avgd dn are still in the read if they have beed here long enough---tbet fiasco isnt helping--just another of many in ch land---the ch habit of getting funds to disapear is always a concern and i have been there before---many small things add up----that 3-400 share paint has been here a long time and continues to lure buyers that could never sell at that pr. makes me think there is a lot of selling at any pr . to come---all in all this may be long term w no neg. shocks on the way-----dumping has to stop before this gets better---now my lazy fingers need a break--------------------------------tmonkey
Strong buy for WKBT imo on both a t/a & f/a basis.
True considering the nice 10k report WKBT's pps should have gone up a lot more before a stall from profit taking sit in.
However WKBT's future prospects have never looked better & no one can deny that you can still buy the future very cheap right now.
It would be nice if WKBT would give us some guidance numbers for 2012 however they did hint that a acquisition maybe on the way & that might be the reason the usual start of the year guidance hasn't been given.
Figuring no hankypanky & based on the present organic growth I think WKBT could have eps around $1.15 in 2012 without excessive dilution & not factoring in a acretive acquisition that I feel WKBT is working on.
They have excess capacity even with a number of new products that will probably be launched this year like [flavoroids & the heart drug that was not launched in Q4 as expected.
WKBT has been growing @30-50% since they bought their 2nd division many years back & have the finacial resources to continue growing at a 30% clip regardless of the current slowdown in China that has taken its tow on a number of WKBT's competitors.
And those competitors all have p/e ratios of 2 or better.
Just factoring in that WKBT gets back to the lowside of par the pps would have to be $2.30 just to have a p/e ratio of 2x2012 expected eps.
WKBT is basing well off its lows & I believe 1stQ numbers will be excellant in fact to date WKBT has only had 1 bad Q & that one was bad enough to make investors hesitate a while longer before buying.
Stocks like bspm & aob shouldn't be selling higher than WKBT & stocks like nuin & cpqq which I like & own shouldn't have a p/e ratio of 2 when WKBT's is only 1/6th that.
I am banking on fair values returning to this space at some future date & WKBT seems to have more ground to make up than the rest.
$12,000,000 net income.....S/B $10.00
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Weikang Bio-Technology Group Co., Inc.
Economic & Technology Development Zone
Chengxu Village Shuangcheng Town
Shuangcheng,
China
Phone: 86 451 8835 5530
Business Summary
Weikang Bio-Technology Group Company, Inc. engages in the development, manufacture, and distribution of herbal-based health and nutritional supplements in the People?s Republic of China. It offers a series of health supplements under a Chinese trade name. These health supplements product line includes youth keeping capsules, energy keeping capsules, vitamin sugar capsules, intestine cleansing capsules, artery cleansing capsules, royal jelly extract, and kidney boost tonic. Its products also comprise Ferrous Fumarate Granule for iron deficiency anemia caused by various reasons, such as chronic blood loss, malnutrition, pregnancy, or child development period; Eucommia Ulmoides Oliv Granule for nourishing liver and kidney, and strengthening muscles and bones; Bushen Qiangshen Tablet to nourish the liver and kidney, enrich yin, enhance health and brain function, and strengthen yang; and Tinidazole Vaginal Effervescent Tablet to fight infections caused by anaerobe. The company also develops 10-hydroxy-2-decylenic acid in gel capsule and in powder formats for the treatment of radiation damages and angiocardiopathy; and Dofetilide, a medicine for patients with atrial fibrillation. It sells its products to wholesale dealers that distribute products to local retail stores and pharmacies. The company was founded in 2002 and is based in Shuangcheng City, the People?s Republic of China.
Market Cap | Outstanding | Float | Dividend / Yield | Ex-Div Date |
90.09M | 28,064,388 | 3,259,188 | - | - |
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Amounts are as of Dec 31, 2009 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year. |
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