Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
nuin is making new 52 week highs,still reporting with tremendous growth potential with insider buying & very little float.
It went down with all the rest of these China r/mergers but is showing signs of life after death.
Product line is in great demand & is expanding thru internal growth & broader distribution.
At current pps I feel the upside outweighs the downside by a power of 5.
Director Fearon added another 30k shares on 9/20.
9/12/13
As of the above date Richard Fearon a director thru his Capitol Partners,LLC company had increased his direct holding to 53,884 shares & his company holdings to 397,081 shares.
This does not included the preferred shares they also own.
They consider nuin to be undervalued & have been buying shares as a investment & may continue to buy or sell their shares.
Most purchase have been on the open market of late at prices under $1.00.
$0.015 & none reporting,,,,you have the wrong board for none reporting sub penny stocks.
Fred, All these Chinese r/mergers will become sub-penny unless the Chinese government makes the CEO's accountable for their actions.
Presently their is no punishment for Chinese CEO's fraudulent actions against foreign investors.
If the U.S. refuses to allow "all" Chinese stocks to trade in the U.S. without investors being protected [It is their duty to do so]
This continued rip off of foreign investors with the o.k. of China is not acceptable.imo
Present investor have had fraud commited since the CEO is not doing his duty to investors & new investors should not be allowed to enter this unacceptable merry-go-round.
SIAF like most Chinese companies is probably a fraud however the biggest crook is the Chinese government for allowing CEO's to go unpunished when fraud is commited.
The U.S. for its part should not allow "any" Chinese based companies stock to trade in the U.S. unless investors are protected.
While China is the biggest crook the U.S. is the biggest wimp & a lack of action on Syria is yet another clue.
The death rattle you hear is both wkbt & pappy.
To late for me to sell, I would rather lose it all or get my proper share.
If I were younger I would consider a few hits being ordered. lol
Fred, If the investors are never going to get a return on the money they invest in these China stocks due to the influence of a crooked Chinese government why bother.
The U.S. thru U.S. investors have donated enough to China its time for the U.S. to get some payback.
Market makers in fully reporting pinky are rigging the pps.
Case in point WKBT;
In todays trading so far 49,750 shares have traded at the ask while -0- shares have traded at the bid.
The pps $0.16 down $0.01 or 5.88%.
49,750 shares is a lot in this thinnly traded Chinese r/merger.
The asked was dropped down from yesterday even though no shares have been sold at the bid & the ask has remained @ $0.16 thruout the day.
The market maker is believed to have a short position in WKBT,hum. eom
I agree buletin board plays are not a good playground for gambles at this time.
I stayed away from trading bb stocks for 50 years without ever having a down year.
Since I changed I have had two losing years & the year ckgt & hfgb stopped reporting all together was a huge wallop to my account.
I still have WKBT & 4 lessor positions nuin cpqq utra jada so another down year maybe in the offering sometime.
Some are still reporting but the outcome of all positions must be considered a lottery pick at the present time.imo
If any get pump'n dump like wuhn I will be a dumper.
WKBT still a fully reporting pinkie on the cheap end of spectrum.
Yes earnings,cash,A/R,B.V. all made dramatic improvements in spite the lower revenue due to the capsule recall & the general slowdown in China.
Starting in January 2013 outstanding warrants will start expiring.
Nice to see they are still a fully reporting pinkie.
p.s. A thought.... If the CEO has decided to spend money to contine being a fully audited company in compliance with the SEC.
He must be entertaining thoughts of ways to improve his share values in the future.
After all he is by far the "current" largest shareholder of wkbt.
There seems to be no value when a stock goes dark...only hope that some day they will speak to us once more.
Still holding my 5k shares & hoping I don't run short of crap paper before that event.
If & when & if I wasn't 75 I might have to declare war on the cheap crooks that made these shares available in the 1st place.
3rd qtr & 9 month numbers will be reported 11/13/12.
Investors will be allowed to speak with management afterwards.
Suggestions; Speed up & increase the stock buyback already in place.
Start a small cash dividend with some of the reported excess cash.
The MM is rigging the pps of WKBT but why?
WKBT is a very lightly traded stock yet over 40k shares traded at the ask & none traded at the bid & the pps has been either negative or unchanged.
He likes to drop the bid below the day before's close even with no one selling @ the bid,,,well sometimes he enters a 100 share trade at the bid.
I can't report this to the CEO because he pissed me off by not getting back to me on my buyout offer after saying he would.
I can't report this to the SEC because I have never seen them do a proper job in over 50 years of investing.
I guess I can cry & hope that WKBT is not a fraud & that someday this silly fart CEO will wake up & want to smell the rose. lol
Yep...because its a stinkin China stock.lol
Maybe I can make a deal with WKBT to sell pain & suffering pills to the Chinese. lol
"what did you offer"
They didn't get back with me to discuss terms.
I asked them why not do a buyback with some of their extra cash or I would be willing to make a offer thru a company I was representing.
They said they would get back with me.
But I think they were just blowing hot air up my a--
I offered to buy WKBT & they said they would get back with me.
Sure glad I didn't hold my breath waiting for a reply.
They need to buy my $0.50 shares before getting to yours.smile
Most all Chinese r/mergers have their pps to low compared to shareholder equity.
Meaning new investors don't believe the valuations are true or that U.S. investors won't receive any of their shareholder equity in the future.
I think the SEC realizes this as well & as usual could care less about "current" holders.
Any steps the SEC takes will be to protect prospective investors which means.
Listing on other than the pinks will be hard to come by.
Trading halts have already become common practice.
We current holders are stuck & at the mercey of a Chinese CEO that doesn't have to answer to U.S. shareholders.
What a pickle this puts us in,,,shame on the U.S. for letting these securities trade in the U.S. & then leave shareholder holding a empty bag that was suppose to have some value.
That value where it may have existed has no meaning since the U.S. lets China decide the terms even though U.S. money was invested.
With all the Chinese stocks that have been proven as frauds along with so many of the rest having trading halted or just going dark why does the CEO of WKBT bother.
The stock trades like shareholders hold no value even though WKBT files timely SEC reports that are fully audited.
Has had its cash verified by independent audit & is now 10x the pps of the stock.
Why not just take the company private & save the expense of filing with the SEC OR trying to convince investors the cash is real as nobody really cares about Chinese stocks in the US of A.
I have been watchig the trading pattern & the MM has been manipulating the pps down for the last couple of weeks.
Can't say there are no buyers as I & others have had bids well above the current selling price but the MM refuses to fill them unless they are 5k or more.
I have had a bid in @ $0.27 ever since the pps 1st dipped to its current 52 week low & he has only filled my 5k orders.
I did drop my standing $0.27 bid this week because I am tired of playing games with this MM.
I now believe WKBT will go private when whoever is buying up cheap shares is done.
I hope they offer a fair pps to us minority shareholders eventually.
I think the MM is keeping the pps low in order for someone to accumulate shares cheap.
I have noticed the bid dropping on a small trade while the ask usually doesn't rise after a large buy @ the ask.
If the CEO has plans of taking WKBT private he would have to offer investors higher than the current pps.
If beforehand he has someone buy up cheaper shares his cost would be reduced when he finally makes a offer.
I had a $0.27 bid for quite a while that wasn't getting filled even though shares were selling well below my bid.
Last 3 trades all at the ask totalling 11,500 however the market maker dropped the ask twice while making those trades.
So sell at the bid & he drops the bid but buy at the ask & he also drops the ask.
Very irrational market order execution but when your a pinkie the market maker is in control.
I think its going to take lots of volume before he lets the pps rise.
WKBT is a longterm position based on continued positive results that should eventually yield positive results...
I hope,gulp.
Totally irrational market maker controled trading in WKBT..
WKBT is a top tier fully reporting pinkie that has had cash verified independently by a top auditor twice & found to be the same as that reported to the SEC.
No, I repeat no fraud charges have ever been proven against WKBT yet the pe ratio got as low as .25 today & within a few pennies of its all time low.
This is a total disregard of WKBT's financials that show a very strong company with no debt that pays its bills in advance to lock in lower priced services.
They have plenty of cash to do acquisitions but only do ones that are very acretive to earnings & future growth.
But nobody cares,,,how WKBT ends up will make very interesting reading at some point down the road.
Even ckgte gets more love than wkbt that reported its 1st qtr numbers that showed while well down from past numbers still $0.19 eps added to shareholder equity & cash while making finacials even stronger.
PPS still around $0.30 is finally higher than ckgte that imo has gone dark & will probably follow in the steps of many other cHINA r/merger stocks.
"We got your money suckers & now were done with you."
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.
As well it should in keeping with the stocks this board is suppose to represent.
$0.68 on over 800,000 shares.
Not much respect being given to this legit. Chinese company that has a B.V & cash in value much higher than that.
It also has a decent growthrate although I would like to see the 2011 annual report to comfirm that to still be the case.
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.
When a 2011 report has gone this long without getting filed one must measure the risks of buying more to average down.
The possibility that the company will just go dark & never report again is a real concern.
I am facing the same thing with UTA accept CKGTE is still trading for now.
Good luck in what you decide whether buy hold or sell.
Playing with these Chinese r/mergers is like shooting craps.
Holding WKBT UTA NUIN CPQQ JADA & needing some luck somewhere along the line to go with 85% cash.
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.
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.
I sent a e-mail off asking about the website status among other things.
Will post if & when I get a reply.
UTA,I agree the NYSE will not get any of my money in the future as they don't have the interest of investors in mind by doing such.
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.