AKRK revoked:

http://www.sec.gov/litigation/admin/2014/34-73872.pdf

AKRK SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-72978.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-72978-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-72979.pdf

Total scam

Yes , definitely .

It looks like a scam

Seeya around Josh. Apparently they do have a fine program there at YSU because you definetly have a good grasp of the space in its current state and it is a traders market primarily for now - when the sentiment shifts and the wheat has been separated from the shaft it will become an investors market again but who knows when that will be...

And which companies will make the grade? That is the ultimate question for now. AKRK sure doesnt look like one of them. They have done nothing right for over a year and everything wrong and the pps reflects that. Just had to throw that in since this is their board, lol...

malc

Thanks Malc! and yup Youngstown State - We got a great business college :)

For now I'm not holding any US listed Chinese stocks. I feel as long as the market in a whole is down then its likely that these stocks will continue to fall - basically I'm waiting for a bottom to open a position in any of these.

When I do enter any of these I'm probably not going to stay long term. I'll take my profits and run before any bad news or rumors come of them - no matter how trustworthy they seem.

I'll take a look at your board.

Josh - AKRK and many others in small cap US listed China have seemingly chosen to go "dark" rather than report those "cooked" numbers that your wise prof referred to - everyone is on to the game by now. Some companies who are legit will survive but in the meantime the market is taking everything, CHRI being a prime example, very skeptically. Personally I am only holding MY as a longterm investment and everything else in the space is just trading fodder, which is not my typical style.

Myself and my cohorts focus on investing in depressed holdings, emerging technologies, green energy and the like - stop by and visit us at the progressive stocks board here on Ihub if you like.

I see you are a fellow burgh native, I'm from Uniontown originally. I take YSU to mean Youngstown State? For a more applicable analogy lets say US listed China stocks are as susceptible to attack as our offensive line and many Chinese books have as many holes in them as our run defense.

I suggest limiting your investing portfolio in China to only those stocks who have strong auditors, and beware of all Chinese reverse merger listings. If you do buy, only buy in extremely low and keep a finger on the trigger at all times to take small profits over large losses on any sign of weakness in this market.

Best wishes in your school and investing,

malc

I had AKRK for a nice gain before but I have feeling this is for the worst. CHRI does look strong. Thanks for the head up. I'll be watching CHRI, CNIT, and VALV as far as small cap american listed chinese stocks go.

Its just dangerous territory with these... My invesment analysis prof. explained to me that most of these chinese companies cook the books in some way. ...He is chinese so I'm sure he knows whats up with these.

Personally I have no idea. Just following since 09, and it is trading at less than half it was back then so the market sure is skeptical.

Smallcap China is a complete mess, I am 95% out of China at the moment, in 09-10 China was half my portfolio. The market giveth, the market taketh away.

Good Luck with this if you are in it, I'd like to someone make some good coin again on some of these very high risk/reward plays.

However, if you cannot find any recent reports in your DD, then I'd assume the worst. I thought they filed Q2 and it was fine but just going from memory and I'm not about to take any time doing DD here.

I am in CHRI for a high reward China smallcap play, they reported super strong half year earnings today of .02, and todays close was a measly .026, so the forward P/E is well under one.

Several of my friends have also done their DD on CHRI and are in it as well. While absolutely nothing is a given in US listed Chinese stocks, we all think this one has better than average chances of being legit based on believeable numbers and margins, timely reporting, and a well executed business model since 09 when we first starting playing/following it. Problem is, no one is giving any Chinese stock a decent valuation anymore, even those big board listed being as so many of them have been exposed as fraud and gone down in flames.

Best of luck in all your investments,

malc

you think this stock is a scam?

They probably went dark like half the other smallcap China stocks.

I can't find any reports since qrt 1. But based on those financials we're trading at one third of earning while most stocks are trading at 10 to 20 times earnings. We need more financials!

1st qrt showed great earnings, so why can't I find their 2nd qrt reports?

Murray will win the Australian Open 2012

Cramped_With_A_Nun
14 Sep 11 15:38 Joined: 07 Jul 11 | Topic/replies: 921 | Blogger: Cramped_With_A_Nun's blog
A premonition

They have never let me down before.

9.4 currently, the two times finalist will win on his favoured Hard court.

Federer just can't compete a the top level any more
Nadal is not as mentally strong as he used to be
Murray will want it more than Novak when thy meet in the final, motivation is everything.

Don't thank me, I'm here to help

Anyone seens 2nd quarter report ? or have any news since May ?

Anyone got any updated imfo on AKRK ? last I can find is a late 1st quarter report for 2011

The last close at 7.2 cents is ridiculous. Chart is lining up for a reverse with volume coming in and a falling wedge forming.

nice hopefully bottom is in..

AKRK~~~Common stock, $0.0001 par value, 200,000,000 shares authorized,
35,913,850 and 35,663,850 shares issued and outstanding


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7954179

m1999

AKRK~~~On May 20, 2011 there were 35,913,850 shares of Common Stock, par value $.0001 per share, outstanding.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7954179

m1999

ARKR~~Cash provided by operating activities was $1,807,584 for the three months ended March 31, 2011 as compared to $1,450,475 for the three months ended March 31, 2010.

The increase in cash provided by operating activities for the three months ended March 31, 2011 was a result of an increase of net income.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7954179

m1999

ARKR~~Cost of Sales and Gross Profit


For the three months ended March 31, 2011, cost of sales amounted to $6,292,939 or 64.62% of net revenues as compared to cost of sales of 2,877,486 or 79.17% of net revenues for the three months ended March 31, 2010.

Gross profit for the three months ended March 31, 2011 was $3,444,942 or 35.38% of revenues, as compared to $757,155 or 20.83% of revenues for the three months ended March 31, 2010.


The gross margin increased primarily as a result of increase in unit sales price for our products from this current quarter. Moreover, there is a low margin sale of secondary raw materials to Sichuan Hanxin during the three months ended March 31, 2010.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7954179

m1999

AKRK~~~Revenues


For the three months ended March 31, 2011, our revenues were $9,737,881 as compared to $3,634,641for the three months ended March 31, 2010, an increase of $6,103,240or 167.92%.

The primary reason for the increase was that our major sales of finished goods comprised of wood materials and floors increased for the quarter ended March 31, 2011 as compared to the same period in 2010.

In order to expand market share of products for floors, we implemented a sales promotion for our products of floors in January and February 2011, which caused the quantities of floors to increase enormously during this current period.

Since we manufactured a new series of products for wood materials commencing April 2010, this generated an increase in revenues for the three months ended March 31, 2011 as compared to the same period in 2010.

Likewise, we promoted the unit sales price for our products commencing the first quarter of 2011 thereby further increasing revenues this quarter.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7954179

m1999

I found AKRK from http://www.hawkassociates.com/clients/ I saw Hawk no longer is dealing with Akrk-so I called & was told Akrk quit paying--This was disturbing news -Wish we knew more ! just passing along imfo hoping to find out if anyone else knows any thing

Asia Cork posted their earnings. I liked this statement from the report that indicates Asia Cork is a growing company...
Net cash used in investing activities amounted to $4,520,813 for the three months ended March 31, 2011. The use of cash for the three months ended March 31, 2011 was primarily attributable to payment of a loan to Sichuan Hanxin to keep friendly corporation relationship. In addition, the Company paid significant funds to construct and install new facilities in the first quarter of 2011. There was no such use of cash during the three months ended March 31, 2010.

for the full report:
http://biz.yahoo.com/e/110523/akrk.pk10-q.html

I don't quite understand this stock. It's a building material company and Japan is in need of building materials. Why is this stock going down today? Where are the financial reports? Just trying to figure out how low this could go.

Looks like we are getting closer to uplisting... Any idea on what will be happening to pps if that happens?

It'll be interesting to see what this stock brings forward this year. Now that it is selling to the U.S. this quarter's results should bring new life to this stock.

Thanks much again.
Will definately check out the Forum you spoke of.
Yes, Asia Cork is doing well today.

I actually was quite bored while in Bahrain working about 6 months ago (no pun intended) and stumbled across an article online from the Motley Fool of all places.

Read it, got interested, did my own research and viola! I be here now!

Yes, retired in 2003 (25 years Navy active duty) but, took an 18 month appointment with the US Navy DoD Federal Service (civilian this time) in Bahrain from Jan 2009 - July 2010. I recently resigned, retired again, came back home to Greece, and back to being a husband and Daddy again.

Take care, be safe.

Thanks much for the welcome and the info. It is indeed good news, as is the jump today of AKRK!

Think I will like this forum.

Take care, be safe.

A warm welcome.

AKRK is doing very well today!

If you have not done so already, please check out the 'China Growth Stock' forum here on Ihub ... you'll find much more expert/informed opinion ... I get all my ideas from there.

If you don't mind, how did you first hear of AKRK?

welcome to ihub

this board is worth reading:
http://investorshub.advfn.com/boards/board.aspx?board_id=9884

New Guy here, be gentle. First blogs/posts ever on any forum. Read a great article about this website and since I've been doing my own investing research and folly, like what I have read here.
Been in AKRK for about 6 months now.
Am hoping in a year or two, it will get noticed and become a superior investment.
Not so sure or what to make of this reverse split news.
Not a whiz by any stretch of the imagination.
Just a US Navy retiree (2003) trying to make his way in this world and utilizing all tools available.
BTW, retired and living in Crete, Greece.

Take care, be safe to all.

I'm in @ 0.21 ... its a little tough to stomach these falling prices, but I'm with Glen and Zack all the way. Now is the time to make $$$. Can't wait to see what this is worth in a year or two...

They're issuing units for the purchase of warrants equivalent to 1 share each. I believe its to have enough shares for liquid trading after an uplisting and not to mention more than $7 million on the balance sheet.

It's going to be a 1 for 10 reverse split along with plans to apply for an uplisting to the nasdaq or amex promptly after the registration is effective.

The report also says the offering should take place on or before Sep. 30, 2010.

The warrants are priced around $6.50 which tells me it's a post reverse split price.

Good luck to all.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7323621-1160-593864&type=sect&TabIndex=2&companyid=74622&ppu=%252fdefault.aspx%253fcompanyid%253d74622

Hey glad to see you in. I am busy with the trucking market playing name my rate so not much time lately. Going better out here then ever before in fifteen years of doing this.
.
Great retirement stock here and they have plenty of cash for sure.
Dave

O/S is 35.6 mil shares, insiders own 16 mil of those.

MAJOR DIRECT HOLDERS (FORMS 3 & 4)

Holder Shares Reported
CHEN PENGCHENG 7,911,457 22-Dec-09
ZHANG FANGSHE 5,402,096 22-Dec-09
BAI GENSHE 1,200,000 22-Dec-09
YANG GENHU 800,000 22-Dec-09
LIU SHENGLI 800,000 22-Dec-09




Positive earnings, cashflow, book,.......


looks like a potential big hit.


Karmasaur

Just bought in a small position,....not alot of awareness on this one huh.

Great 10k and the company is growing three million equity a year since 2005. Just f/ing awesome and is a long for sure.
Sales also double since 2005.
Hold this one for retirement.

10-K out.
http://www.sec.gov/Archives/edgar/data/1104040/000111650210000320/akrk_10k.htm

Promoting is taken with a negative tint.

We just wish that the story of their success catches more ears by word of mouth and careful recommendations.

success breeds success.

Glen and my article including akrk:
http://www.thestreet.com/story/10724354/1/top-50-most-undervalued-companies-for-2010-part-4.html

I'm long I think its undervalued. I do wish the management team would be more active in promoting the stock. I think that just helps it to be more undervalued however. The market will realize its mistake in the long term, as long as asia cork continues to be profitable, which I think it will.

HMMMM. Ok they grow by expansion.Can they grow w/o expanding. No. They must aquire greater supplies so they can meet ever increasing demand

Maybe you're misunderstanding me or I'm not clear enough. I agree that uplisting is good and if it leads to access to funds and enables them to buy capacity and grow, that's great. But right now, that's an unknown. Right now all I see is that they're at capacity and buying land to plant trees is a very long term plan. So where is the growth without buying other companies? I like their business, I'm just trying to understand whether this is a good investment without them having to buy companies to improve.

The bottom line keeps reading better and better.Its an acceptable risk/reward situation for me, but maybe not for your tastes.Up listing is not a magic wand but it fits nicely with improving sales and net profit. Since you cant see the growth here I suggest you look elsewhere.

Pnnymn, I agree that uplisting is typically beneficial for a small company like this by giving them better access to funds, etc. But it is not a magic wand - there has to be a sellable story behind the company in order for investors to want to invest. I just don't see where the growth story is going to come from other than 'give us some money so we can make acquisitions'. Maybe that will work but it doesn't sound all that strong to me. Just looking for other opinions here that clarify the story.

"there is more demand than they can handle"...look for expansion thru acquisitions." but that's a big unknown at the moment"thats general what the stock market is.When they uplist they will likely draw in more lucrative investors with bigger bucks to throw around which leads to expanding supply sources etc etc.