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Has anyone succesfully made contact via email with Cpqq I>R.
The website doesn't show the new factory and If someone knows the email( website does have 2) could you please post who you corresponded with.
thanks in advance, Uneasy with yet another china small cap and what I really own?
Thanks Surf,
I was really impressed how this stock reacted during early 2010 bull run( never sold bummer), I got sucked back in a little recently at $9.10. I am upside though. I guess TSPT 2nd attempt at fda approval would seem as though they've thouroughly analized any negative effects of over dose (by package) and the driving studies seems postive, but you really never know their( fda) mode. There is a need for this sleep drug. I feel this in a bear market could crack $5 ish. I guess my risk vrs reward is about 60-70% approval from what i've researched.
I've tried to splash stocks which could give me a homerun, but it would seem my timing and entery basis is like being hit by the picther, and walked to the base only to stay there.
I hope the board did everything possible to receive this approval. We've all got alot at stake.
thanks again for the feedback appreicate it greatly,
1hothand
Where is the bottom going to hold?
FDA approval could be 6-8 months out. Does anyone care to put a botton on this. Thanks in advance
Does anyone smell uplist???? Chart looks ready to blow.
Golden !!!!!
Re-thread on Chfi. Trying to Follow the money!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44696717
Doubtful they care about pinks. I'm wondering if a company insider could sell there shares without SEC reporting. If they are restricted from selling unless definete disclosure, that would mean the insiders are riding this down along with shareholders. So either they are Bankrupt or deliberately driven it down. Does anyone here on this board know how we could determine if some of the companies CHFI had liens with are still in business??????? I tried researching :Shenzhen HuaYinTong Electronics and couldn't get a accurate business.
This is the June Filing
Common Stocks - 15.72%
Small and Medium Sized Enterprises (or operating companies)
in the People's Republic of China
* China Organic Agriculture, Inc. - 1.30%
(par value $0.001) 1,729,273 380,440
* Gulf Resources, Inc. - 5.46%
(par value $0.001) 3,339,000 1,602,720
* Home System Group - 0.09%
(par value $0.001) 480,000 26,400
* µ Jade Art Group, Inc. - 8.87%
(par value $0.001) 4,340,700 2,604,420
Total Common Stocks (Cost $9,164,596) $ 4,613,980
Loans Receivable - 75.81%
Shenzhen HuaYinTong Electronics - 49.22% *****
(9.00%, due on October 15, 2009) 14,441,656
Shenzhen HuanYaTong Investment Ltd. - 26.59% *****
(8.50%, due on April 1, 2009) 7,801,325
Total Loans Receivable $ 22,242,981
Real Estate Held for Investment (a) - 5.27% $ 1,545,727
Total Investments - 96.80% $ 28,402,688
Other Assets less Liabilities - 3.20% 938,509
Net Assets - 100.00% $ 29,341,197
Thanks untamed, really nice to see someone DD.
I just sent you a email to theuntamedbull.com not sure if you got it. So more things to research. I thought i'd get some sleep tonight.. guess not.
thanks 1hothand/greenchutes
Surf ,
still here, will some sell pressure, i've decided to average down. lots of strange swings recently, i'd like to average more at $8 or $7.
good luck to you
Chfi and BFAR, todays bfar 10k it states the following
Management assessed the effectiveness of our internal control over financial reporting as of December 31, 2009. In making this assessment, management used the framework set forth in the report entitled Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission, or COSO. The COSO framework summarizes each of the components of a company’s internal control system, including (i) the control environment, (ii) risk assessment, (iii) control activities, (iv) information and communication and (v) monitoring. Based on that evaluation, we concluded that as of December 31, 2009, and as of the date that the evaluation of the effectiveness of our disclosure controls and procedures was completed, our disclosure controls and procedures were not effective to satisfy the objectives for which they were intended.
In connection with their review of our internal controls over financial reporting for the fiscal year ended December 31, 2009, our management concluded that there were several significant deficiencies, that when combined, resulted in a material weakness in our internal controls over our ability to produce financial statements free from material misstatements. The material weakness resulted from a combination of the following significant deficiencies:
· Lack of documentation and review of financial information by our accounting personnel with direct oversight responsibility, and lack of analysis and reconciliation of certain accounts on a periodic basis, and the failure of the accounting system to provide information related to expenditures on a project-by-project basis;
· Lack of timely identification, research and resolution of accounting issues and lack of documentation of consideration of recent accounting pronouncements;
· Absence of documented controls over our related party transactions; and
· Lack of technical accounting expertise among senior financial staff regarding US GAAP and the requirements of the PCAOB, and regarding the preparation of draft financial statements.
As a result of the above material weakness, our management concluded that, as of December 31, 2009, our internal control over financial reporting was not effective.
28
--------------------------------------------------------------------------------
Change in Internal Control over Financial Reporting
In order to further enhance our internal controls, our management is seeking to implement the following changes to our accounting systems by the end of fiscal year 2010:
· the restructuring of our relationships with related parties to address our controls over related party transactions;
· the hiring of additional accounting personnel to assist us in the timely identification, research and resolution of accounting issues and with our documentation processes;
· the hiring of additional high-level accounting personnel with experience in US GAAP to monitor all financial and accounting affairs throughout the Company; and
· the engagement of a third-party financial consulting firm to assist management in evaluating complex accounting issues on an as-needed basis, and the implementation of systems to improve control and review procedures over all financial statement and account balances.
We expect that these steps, when taken, will correct the material weaknesses described above. We do not believe that the costs of remediation for the above material weaknesses will have a material effect on our financial position, cash flow, or results of operations.
This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit us to provide only management’s report in this annual report.
**** So does anyone feel this is the connection to all the step children of chfi. Are they the third party consulting Firm? I have no idea!!!!!!
Why the hell is this stock going down???
I must pick the worst stocks . The company comes out and reaffirm good guidance a/hours. Then the next day huge volume and it's going down. I could've a sworn this thing would be a $6.50 today.
I have to think this has to do with recent accounting crap!! or redchip negativity.
Jimmy Wang, chief executive officer, stated: "We are extremely pleased with our first quarter results. We are strongly positioned for extraordinary growth in our solar division this year. I look forward to sharing our full financial results in the very near future."
HeLLLLLLLLLLLLLLLLLLLLLLOOOOOOOOOOOOOOOOOOOOOOOOOO out theeeeeeerrrrrrrrrrrrrrrrrrreeeeeeeeeeee.
ANN YU can you hear me.
CHfie down another 10% Slow and steady bleed for a late comer like myself...
Annie where's a good buy point now?
CHFIE.ob. Great Company , Great Business Model, Great Transparancy. Black Hole!
Thanks Surf!!
Untamed Bull, Can you scan through this and give me your thoughts. I found it off google but no date on link page
http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://koubei.boleme.com/com-538595.html&ei=5zDeS9r3F5H-M9PM6M8H&sa=X&oi=translate&ct=result&resnum=6&ved=0CFgQ7gEwBTgU&prev=/search%3Fq%3Dchfi%2B%2522china%2Bfinance%2Binc%2B%2522%26start%3D20%26hl%3Den%26lr%3D%26sa%3DN%26tbo%3Dp%26tbs%3Dqdr:m
Hey Surf,
Have you notice the weird action on Tspt for the last 2 months. a pop, then resent highs in the $11's , is this money maker game playing or day trades. Is seems bullish, maybe this goes back to $15 by Oct. I hope so.
Randy
Thanks,,, so bottom line is nobody on this board knows the " grace Period " ?
4 things to consider then or clarify.
1)Since Chfi is late what is the grace period until Finra give it a E.
2) The company gets a E then is there's a grace period..
3) Chfi could have notified the SEC on a reorganization and The Canned response from SEC employees is , not in compliance and we are aware. All good up we go!
4)China Finance goes to pinks the price goes to pennies and then the insiders scoop of the remaining shares at shareholders get screwed.
Let's discuss what I'm missing or what this board feels is a answer to the next chapter/phase in the story.
CALL ME STUPID , DUMB , OR STUBBORN !
EDGAR or Finra ( can't remember which company) STATES CHFI IS STILL IN COMPLIANCE YESTERDAY AT 3PM.
STEVE FROM SEC COULDN'T TELL ME MUCH OTHER THAN THEY ARE AWARE THAT CHINA FINANCE IS NOT COMPLIANT RIGHT NOW WITH REPORTING.
HE SAID THERE IS NO GRACE PERIOD AND BASICALLY THEY ARE AWARE BUT CAN'T IMPLY ANYTHING JUST THAT THEY ARE NOT COMPLIANT. GREAT !!!
SO WHAT THE %%^&^&%^^& ARE THEY GOOD FOR THEN.
Question ? if SEC doesn't have a grace period where does it come from? I read grace period is 60 days from the last filing of annual reports off of General Questions on OTCBB.com. #20 #21
getting bad answers.
60 days would be May 1rst.
What Does the " E " represent. posted by burp
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49340646
Chfi. I spoke with 3 people at the SEC last week. Nobody was of any value to get a answer as to when is the drop dead date to report. I admit I am new to investing and know little about type of financial report. Chfi report a N-sar b on 3-2-09, a N-CSR on 3-12-09, and a N-Q on 6-5-09. In talking with the SEC, They explained to me that they to not monitor reporting of financials and deadlines, that is monitored by Finra or Edgar????? So according to SEC, They don't put the E on the ending of the symbol, it is monitored by the above regulatories and also stock holders who file complaints. It seemed odd they did a conference call with 2 people, which were of no help answering When do they have to report, then they transferred a ATTY. Richard 202-551-6967, nice gentleman, but his background is Mutual Funds set-up. Richard was no use, so he was going to have another person call me, and still waiting. Between the 3, I got the impression that these OTC stocks are not monitored and was give 3 different dates. They told me companies have 70 days after the 1 year anniversy of the previous reporting. 90 days or 120 Days afters.
So the long any short of this is they are of no value, at all, I would be further ahead asking you folks. Is the N-Q the report to starts the clock and how long after that???
Anyone know if BFAR is Really a holding of CHFI.
I see cnoa, hyst, and jada. but where did BFAR come in
Thanks
GARY R. I would like to extend a tip of the hat to you. You gave good honest DD back at $2.70 and down at $2.20.
I am very appreciative of your conviction back then beating the BSPM DRUM.
Thanks Randy
Chfi... Yahoo's are really buzzing this morning..
Can anyone extend an opinion how Jada, Cnoa, and Bfar delayed there filing when Chfi held Holdings of the same companies.
How can these companies prevent reporting or delay to benefit CHFI?
What a mistery. There pps goes does if they a held back from reporting. Make sense their all connected by why? More Loans through Chfi intertwined network.
How a private company would take a beating because of a investment/lien is unbelievable.
Is GFIC -- Execution Unit of BWG
The old CHFI ??? What happens if BWG bought Chfi. are we screwed or what if CHFI Bought BWG?
DEAN!
Are you still in CHFI? I have truly dug as deep as i can go and still am no further getting infor on whether it's alive. I just can't get past the fact that Chfi was selling Jada weeks ago. It would seem their still active. Even Worse than Chfi is the SEC who will not give me information on the drop dead closing date and some information on their holding/ investments dissolve at a low pps. I have to plan a exit and am down 50% on a speculative trade. Bad buy point or Bad company I guess.
At least with GHII the investor is buying a brick a mortor company in which you'll see where the revenues will come in and if your smart exit based on future/ current book value with contracts still coming.
thanks randy
CHFI.ob
Spent another 6 hours trying to dig up information on this company. I just don't know what to do here. Can anyone give me an honest response when they have to report. I keep asking when does this company have to report. There is good reason for concern with uncertainty. Do you have to report by end of April or June? Did the loans get paid back? I have never researched a company as much as this one. It would seem the yahoo's and I-hub posts are less informative because in my opinion no direct connection to China Finance. But then again, there are so many avenues of investment it could. Has anyone searched for Companies with Ann Yu and others who moved to a different investment business. I have not found anything.
Thanks
Randy
Icepickr. Does it pay to call the SEC? If the shareholders can't reach this publicly traded company it should be against trade practices/ rule. As far as the previous post for uplisting I feel it is a republished article from the year before. I'm getting extremely anxious on this stock.
thanks randy
Help a rookie! Chfi: Can anyone please tell me when china finance's deadline is with SEC. I have read on Yahoo board 11:59pm tonight. Or could the post it tomorrow? Does anyone have the drop dead date? I can't believe the would allow it to get a (E) or go to pinks by not filing. It seemed they were still selling jada a couple weeks ago.
Getting extremely nervous and in to far .
thanks randy
Wemu Earnings come out when?
Does anyone know if they report 3-31-10?
thanks randy
Ghii.
KOkre:
Thanks for the information. Really interesting how these get started. I will be looking closely at this arrangement in future. Again, to sum up investor setiment as of late. Debt is be paying down, more contracts in discussion, making money, not a favorite stock at the moment.... One catalyst could wake this one back to life.
I'm going to hold as the business cycle affects the p.p.s. Btw. I own Chfi also. I think there's only 2 weeks left for there 10k. There has been nothing announced since oct 09 from company. Do you have a posistion in chfi and should i bail.
thanks randy
GHII WHAT'S UP ???
Has there been anything mentioned from the conference.
I am deeply concerned with this post on i-hub. Brad can you guide me through this please. I feel good things are coming and should hold, but can't get past this article. thanks randy
Posted by: Rames Date: Thursday, March 11, 2010 3:26:14 PM
In reply to: None Post # of 33485
SCOK - Citron Research report
http://www.citronresearch.com/index.php/2010/03/11/sinocoking-nasdaqscok-follow-the-money/
Must Read! With references to JGBO, LTUS, GHII
WEMU $5.24 HOD up 4.8 %. Is this coming back to life? Volume 55,000 wow! any information...
DOES ANYONE HAVE AN OPINION OF THIS COMPANY. I AM TRYING TO UNDERSTAND THE REVERSE MERGER AND INSIDERS OWNERSHIP.
SINO IS GROWING AND A NICHE COMPANY. Appears profitable. The best website I have ever seen...funny compared to others.... THINLY TRADED BUT ...
Appreciate a response.
Randy
Thanks Surf1944.
TSPT
Surf1944,
Can you give me your feeling on the chances they approve it now and how long. I had entered my stop loss incorrectly, and this baby dropped past the stop loss. I entered at $13 and just had a hunch this sounds like a great drug. Do you think I should average down???
thanks
1hothand
no disrespect, but if you bet the farm on GCHT, why wouldn't you sell 25% of it if it doubled. Jeez, seems like greed gets the best of the trader.
Concrete.
When have you heard a concrete business in reference to a enterprise.
Is it a concrete company or concrete equipment company?
Maybe nothing here but, I can't stop. The stimulas over in china seems to be built around concrete. Can't seem to pin down anything yet. concrete pumper.. trucks..Who are they?
keep up the DD.
randy
Ghii
Really good questions. Something I wondered about for weeks now. Maybe its time to call Adam... You have to admit there stills contracts to take, but did they, or if the company was more selective in contracts and any outward venture into projects that like (wind) could be very interesting. I'm with you though the waiting and wondering without P.R. is hurting this on bigtime.
randy
Hi Kuwleness,
Seems like it has bottomed, I hope. Do you know if there is any connection with Adam W. and China Wind Systems? Ghii referred to wind projects and I wondered if he ventured into wind construction. In a investor video he(adam) mentioned if they could secure funding. I watch a program last night called "China Uprising" on direct tv and the construction opportunities are unbelievable. I emailed Ghii about update the website, still waiting.
I think this company is a golden opportunity!
randy
Glen ?
Would you mind disclosing if you sold into the run-up and If you are still a buyer now? If I had listened to your comments in May I would have an average under .20. bummer. Thanks for all your efforts for the small inverstor in 2009!
Randy