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Surfer,
I looked at siaf- not really excited there. But nuin looks most interesting. But why is the last post ( other than mine this AM ) in April? Am I missing something?
Why are the latest posts dated for April? Surely there are more recent posts?!!
Hi Surfer !
Nice to hear from you again.
I did sell some CEHD awhile back but I am still well over the 100K level and holding. Someone is selling today though.
A new holding I have is NXTD. See what you guys think of that one. I would like to hear
T Y
Kinny,
Cehd is a play for me. A roll of the Dice so to speak. As I have said in the past, most don't work out. Those are the Penny Plays. But if just one out of 10 comes threw its far more than worth it. And of course you only pick one for that top ten list after all you can do to research it). So Cehd is in that bracket- at least for me. When I buy a penny ( after I feel its has a certain potential) I buy and am prepared to lose all of that investment.
That makes holding a very easy thing to do. NO panic selling here! So for CEHD, waiting is the game now.
As for my portfolio, I have held many issues over the years. Some pennies, some not. Such as RAD ( at .97) , PPD ( at 2.38) , KR ( at 16.00 something), and many, many others. I have also bought options and done covered calls from time to time. I am not just a starry eyed Penny buyer! LOL
Thank you for your interest.
Lets hope that this middle aged Chinese business man is learning how to run a company for profit and gets this turned around.
Best to you Kinny
Well, its been a Month since last post and still awaiting the next report. How about you Kinny?
Any others here?
Hi Kinny !
Yep, still holding here too. The end of June quarterly should be the telling one. Progress or NO; we shall see.
I have been watching ONVO also but do not hold any yet.
Is there anyone else left here besides Me?
Surfer,
I did my post to you as I do all my posts. So if it came some way different I can not explain why! I am NOT a computer Guru so I have no idea why it would be different?!
Thank you also for the info on your board. I did however find it but trying what you suggested.
And yes, CEHD does indeed need more exposure. They should put out some valid news from time to time. And signing 10 more exclusive store certainly falls into that category IMPO !!
I am also checking out some of the other companys that you have reference too.
Oh, and thank you for the Accolade, however underserved it may be!
Danni
Y E S
Tks. How do I do that though?
Thank you Surfer. And you of course, although you may not own any shares= do you?
YES! And the way they have handled their stock under great restrictions is admirable! I sure would have loved to see what the last quarter alone looked like!! We may have to wait until the end of June now to see in what direction it is going. But I can not see being anything but positive based on the very nice increase in restructured stores and their increased dollar profit percentage!
But we could also get a nice surprise in the form of a news report at any time too. Would be nice!
Are you a member of the 100K or over club in CEHD yet?
Am I now alone? Anyone else still here?
Wondering if I should post today as it is April first after all! But NO kidding here in this post.
First, the Investment Firm seems to have nothing to do with CEHD. There must be some glitch that ties them in when the " news dispersement " goes out. Doesn't seem to be nything more than that right. now.
The annual audited report though was both enlighting and disappointing. It was very complete for the most part in showing the accumulated debt from the past until the end of 2013. And very lacking in showing any quarter by quarter record so that we may see if the company is in proving or not. In other words, there is being shown the 30Mil debt somehow accrued via the Chinese land deal of several years ago which the new CPA American firm must account for in the Audited report ( Audited to the point that they can for a foreign company from China) and another approx. 6Mil debit also. But they don't clearly show the price per share change in value ( loss vs gain ) over the last two or three quarters. So if one were to go strictly by what they can skim here and then read the mandatory " Going Concern" statement I can see them running for the Exits!
Wonder how many will be doing that this week!??
But if one goes to the sections were you can see the change in the number of stores closed vs the new ones opened and the jump to the following quarter one begins to see the increase in profitability. ie: less dollar volume in sales for right now but much better sales figures are coming in from the better operated remaining and new stores. If the report featured a quarter by quarter report for the last four quarter, one at a time the change would be much more apparent!
I intend to stick around. Not just for those reasons but others that I will explain in a minute. But first, with a less than " Glowing" report on this " Penny" stock, let those depart whom wish too. As I have always said - Make your own Financial decisions.
OK, the other reasons I am staying for another quarter or more are the ones NOT in the report but are glaringly ovious. The owners have done every thing they can to get this company to higher levels; Hiring more compatente CPA's who can file according to USA CPA standards ( Knowing by the way that at first it isn't going to look as good as before folks!). Then being told about the dead weight of the land deals and non-producing store and taking action to clean that up! ( ya know CPA's don't just write up money reports; they are there also to give you good sound Financial advise!!) and this CEO is smart enough to listen!
Another thing in the report I noticed was the increase in employees to 66. YES, 66. And how they are organized. between sales orders in the office ect; and a 27 person sales force to see every current customer at least once per month and call on new potentials. The company stated in the report that they hoped to add 10 more new stored between the first of the year and now which would show on the next report. So when on stops to think in detail there is much more cause to be optimistic than may appear on the surface. For example, did anyone notice that the 133 exclusive sales store are non showing a more than 20 percent increase in profit from sales?!
OK, as my friend PORKY use to say, " That's All Folks! ".
Danni
Kinny,
I went to the SEC looked up he section that they filed under It seems that they must file what they filed if they intend on being involved with CEHD. Questions is WHY? There are some other sections regarding the " why" but I haven't found them yet I to that I haven't found them yet. But all reasons so far are regarding just " how" they intend to be involved. But nothing negative to be found so far! There is also the possibility that CEHD wishes to put some profits into their investments!
In any case, so far all seems up front and positive. We should hear something either in the form of a news release or perhaps inside the coming financials.
But the excitement is certainly building!!!
Kinny,
That's why I made certain comments, like " no press release from the company" yet, and why I said that I wrote down the phone number releases so if nothing develops I can give a call and see why they were put out on CEHD news.
Also why I said that ones imagination could really run with something like this! Many, many possibilities if there really is a ty in. So better to wait and see. But one possible is that if there is nice profit CEHD could be going to apply for the Nasdaq small cap section! Remote right now I grant you.
Like I said, better to wait and see and to assume nothing until it happens.
Can't help but think good thought's though with the Financials so close!
Anyone else?
Just finished reading the other two notices. Now why would such a solid investment firm be taking notice of CEHD?!
It would be real easy to let one's imagination go wild here!
And why did one notice wait until 4PM to put out and the other wait until 5 PM to put out the notice? Both after the markets closed!! And neither had any mention of their intent! Any ideas out there guys??
Well, there has been no news from the company ( perhaps Monday) regarding them, but then if the investment company intends on buying shares on the open Market the company would have no reason to.
I am trying hard to think of any " Negative" reason they would be involved but can not come up with any! Anyone else?
On the other hand, if its positive and they do intend to buy you may not see any more chance to buy below .25 to .50! Or higher!
Would be nice. But we will have to await Mondays open to find out!! Hope everyone has all they wanted by now!! If any investment company is buying I would think that all their friends and relatives know it by now!!!
Don't know what will be but it sure is a lot more exciting now isn't it Folks??!!!!!
Have a great weekend all! PS I took down the phone number of the Firms and intend on calling them on Monday!
OK guys, as I have said about two months ago the write down was much more a paper write down than a " real" loss of 30Mil.!
There was some sort of deal with a friend that I don't totally fathom yet so an open door there.
It was all bundled in the land deal along with the intended to build the wharehouses. When they had to account for the value it was est. at 30Mil value. Don't know how they got that but that was the old accounting firm. The new firm had to carry that until the annuals and that's why it showed CEHD as currently losing 2.07 per year. Now that they have put out this current statement of adjustment I bet you will no longer see such a great loss after the new filings
I think that the current owner ( it all starts at the top folks! ) has seen that when you are a publicly traded company in the USA you cannot run your company by Chinese accounting practices. I believe that he has, and is continuing to do, all that is needed to correct the past issues. Getting a new US firm for one, dumping the stores that don't produce enough profit as well as those that at this time are to far to service properly. And, eliminating products that are not profitable enough. As I tried to tell LIKE months ago, these things take time. NO fairly God Mothers in China any more!!
Of all the pennys out there, VERY few have this group of positive factors: 1) Very small float ie: Approx 17.5Mil O/S of which the president and wife own 11.6MIL ( approx.) That leaves between 5 and 6 Mil for a trdeable Float. 2) NO - let me repeat that-N O delusion since I have been here which is at least two years! 3) NO " fluff" news to try to excite the Herd!
3) two consistant quarterlies showing slow but steady financial inprovemenmt!
It has taken a while for this one to start perking but when it goes- well. enough said. I don't think that there is much time left at this low level. Could certainly be wrong folks so as I have always said; Buy and Sell at your own discretion and NOT on what I or anyone else says. As I have always said, I am here until it goes back to where it should be or I have to put a fork in it! And sorry for the lousy spelling.
Best to all, The Beautiful
Danielle
Morning all and Kinny, can you see that the 500K bid is back today, only today it is not CSTI. It is ETRF. ETRF was the first MMer to list the 500K bid last week. Then it was CDEL I believe ( not sure on that one) and then it was CSTI yesterday; now its ETRF again!
Never saw that before! But then I was never paying much attention to it. But it is interesting that it is happening shortly before the annuals! Also, there are now seven MMer on the BID, one more than the ASK! As Arty Johnson use to say,
" Very Interesting!!! ".
Thank you. CEHD is just one stock, I do trade many others over the course of a year. And I am self employed so the boredom just is not there for me!
back to the 500K with three diff. MM's, I don't know either. But it is certainly not a lot of money at just one cent, you are correct there!
Thanks for the come back. The annual financial should be out by the 31st so we will have a better idea then.
Kinny,
Our 500K buyer is back again. This is the third time in a week or so and this time the bid is by MM CSTI. That makes three times and each time under a different MMer! What do you think is going on here?
Then you believe that it is an individual whom s willing to take a chance on CEHD?!
I see our 500K buyer is back, this time under a different market maker symbol! Very interesting! Any thoughts?
Of interest! Have you noticed that we picked up a new Market Maker today ?!
ETRF Anyone know what trading station they represent?
They are willing to buy 500K of CEHD at .01 for a total offer of 5,000.oo Dollars!
Nice to see more interest. Perhaps things are starting to change to the more positive.
TY Like. And I did hear back yesterday morning. It was a very a short and curt reply telling me no more than I had learned when calling the office. I e-mailed Mr. Tan a second time to let him know that and to make him aware that when speaking to another Human Beings curtesy and respect along with a response to information requested were in order. He again replied this time in a more professional manner which pointI was satisfied with his response; albeit lacking all of the information I would have liked. However, he does have laws and restrictions under which all CPA firms must release information. He gave me what he could I feel. That being that the company annual year now ends on 31 December each year. That means that the annual Financial are due no latter than the following 31st of March.
So , lacking any kind of " company" press release, we shall just have to await that filing. However, it does explain the last months buying record somewhat. Without pending good news, no rush to buy yet. However, we do seem to have acquired one or more interested ones whom appear to also be buying from time to time.
I remain a positive long time holder.
Best to you LIKE. But I wonder if you are " completely " out at this time? If you do not care to share I respect that.
Danni
PS Sorry about the writing qlitchup top=could not fix it
LIKE, are you still reading the posts? I e-mail Mr. Tan asking several question regarding the company and its Future. I will post to all still here if and when I receive a reply.
Hey guys, Thought that I would let you know that I called the new CPA firm handling China electronics Financials and spoke to a man named " Shawn". He was not the CPA handling their reports so he had no details to share with me about the company. And the guy doing China Elec. Holdings reports would be out on business until March the 10th.. But he did give me his e-mail so I intend to e-mail him when I get more time.
But I asked about the quarterly that I believed due now and Shawn was able to tell me that as the company's financial year ended on 31 Dec. the new financials are not due until 31 March.
I asked if the company was turning in the needed info and he believed so but suggested I speak with the accountant handling that company, name of Grant Tan.
I will e-mail him as soon as I can. Just thought that you would like to know ( just like me) what is going on.
Best to all,
Danni
Thank you LIKE. As I have always said, buy or sell as you see fit. And I wish the best to you LIKE. Do you mind telling me how many shares you had and are they all now sold back?
Someone sold 25K yesterday. And I picked up almost 8K.
Still awaiting the quarterly. Are you still with us LIKE??
Nope, wasn't me. I did have a buy order in at the same price as the 5K that got filled though! How does THAT figure?!
So 31K goes at .031 followed by 5K at .05, the bid goes up and I do not get filled at the same as the 5K! Oh well!
Kinny,
You may be right. Todays 31K trade id showing up a " sell". But after the trade the bid went UP! Your take on it?!
Thank you Kinny. I may try that on Monday or Tuesday, depending on how busy I am. An I really appreciate you helping me learn!!
:)
Danni
Thank you. But then if I have an order in for 7800 at .04 right now threw ameritrade why isn't it showing up ?
Kinny---Please read post number 469. TY
Kinny, Thank you. And What do you think of NITE ( the MM ) having put a buy for 31K at .10 this morning ( making a total of 36K at .10 ) and then two or three hours later dropping of to .25 ? The only thing I could even guess at is that they are trying to stimulate selling by having a large gap between the bid and ask and then having a large wall at the ask! What do you think may have been going on with that?
You see things pretty much as I do. When I say I do not want to hype a stock I mean trying to get others to buy just to benefit myself with no other substantial reason. I have NO problem sharing positive news about something that is real however.
Yes, we are basically awaiting some positive news in either the form of a positive quarterly or positive news itself! Until then I don't see much changing here. BVut as I believe in this stock ( at least for now) I am buying according to my own tolerances. I hope you are correct about them selling ay a lower level as I do have a current buy order for about 7,800 in at .04 right now. But I certainly am not buying at .10 with a bid so low!
Kinny,
What is your take on the current Bid/Ask and what do you think of the overall situation please?
I don' know where you see the ask at .06 ?? I see .03 by .10.
And I have a buy order in at .0825! But you are correct about the spread. As my Broker at Ameritrade says, that's way too big a spread! Better check that six cent ask as I sure don't see it anywhere!
Hoping the quarterly is out soon!
do agree that the volume on tis stock is sure not enough to make any difference to the MM's. But there are only so many shares outstanding and even the pinks sheet MM's have to settle every now and then. So enough buying will push the price higher.
Also Kinny, the ask was at .10 when I put a buy order in at .08 and that was NOT showing at eight cents anywhere.