Empire Building 101
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10 bagger....your thoughts here? I have not bought yet but certainly very interested. Legal problems gone and blue sailing after yearend results?
Typographical error? Somebody needs to profread these PR's. You can't anticipate buying on 12/09 and expect closing on 01/09. Look unde the New Power slide. I thought for sure somebody would have caught this. However it does look awesome!
http://www.sec.gov/Archives/edgar/data/1144320/000121390010000035/f8k111609ex99i_newenergy.htm
Here is what GEOInvesting does with most investments it makes...my guess it did it with BSPM.OB and probably a few others they have futured. We all expect CKGT.OB to be featured soon. After all GeoInvesting does have a position here acording to an update.
http://geoinvesting.com/about/investmentdisciplines.aspx
Note:GEOInvesting Adds to position on 12/14/09
http://geoinvesting.com/companies/ckgt_china_kangtai_cactus_bio/alerts
It looks like our little baby is getting ready to take off very soon. Unfortunately, some were scared out and will watch the daily new highs. We had the highest average sare per trade today! This bodes very well as the accumulation is not only strong but getting stronger. What I really like about this little co. they don't do fluf PR's!
I believe $6-8 in 2010 and double digits in 2012. I am somewhat optimistic while pappy is the board expert here and much more conservative than myself with a PPS of $5 in 2010.
Justin, kind of a cluster$%&@ in my prior posts but the fact remains this is being accumulated. You are correct if they PR'ed or better yet marketed the company the price could double ovenite. This management reminds me of another Warren Buffet saying and probably speaks loud "Take care of the business and the stock will take care of itself." This company is by far one of the the most undervalued companies in China if not the most in regards to potential not to mention the demonstrated results. Remember 390 million smokers in China alone at 1% market share is mind boggling to stay the least. Management has all but said that hog feed will be blockbuster. Now you have how many product releases for 2010? About 7 with higher margins and 12 pending patents. This is the real McCoy and when management decides it is time to release the news this too, is going to shine. This is as close to the perfect stock as we will probably ever see. No problem with a newer and better mousetrap for the forseeable future as they currently control 60% of the market with virtually NO COMPETITION and an endless amount of product innovation releases well into 2011 with new patents pending. Market share equals price controls.
Volume 6 months ago. For very few PR's the price is up almost 300% so obviously something very positive is happening here and the word is getting out. Should have put this post in front of the other one. Average volume 45K.
31-Jul-09 0.80 0.80 0.75 0.79 25,000 0.79
30-Jul-09 0.72 0.82 0.72 0.82 117,700 0.82
29-Jul-09 0.81 0.82 0.72 0.72 49,400 0.72
28-Jul-09 0.80 0.82 0.80 0.82 110,100 0.82
27-Jul-09 0.78 0.78 0.74 0.75 81,600 0.75
24-Jul-09 0.74 0.75 0.72 0.75 18,000 0.75
23-Jul-09 0.81 0.81 0.72 0.72 22,600 0.72
22-Jul-09 0.78 0.81 0.77 0.81 89,600 0.81
21-Jul-09 0.77 0.78 0.77 0.78 59,200 0.78
20-Jul-09 0.77 0.78 0.77 0.78 26,900 0.78
17-Jul-09 0.78 0.78 0.76 0.77 12,600 0.77
16-Jul-09 0.76 0.78 0.76 0.78 4,800 0.78
15-Jul-09 0.76 0.77 0.76 0.77 9,600 0.77
14-Jul-09 0.75 0.76 0.74 0.75 39,000 0.75
13-Jul-09 0.71 0.75 0.71 0.75 64,800 0.75
10-Jul-09 0.75 0.75 0.75 0.75 17,000 0.75
9-Jul-09 0.75 0.76 0.75 0.75 16,000 0.75
8-Jul-09 0.75 0.77 0.75 0.77 33,500 0.77
7-Jul-09 0.77 0.77 0.75 0.76 55,400 0.76
6-Jul-09 0.75 0.76 0.74 0.76 62,900 0.76
2-Jul-09 0.78 0.78 0.72 0.75 14,900 0.75
1-Jul-09 0.76 0.81 0.75 0.75 45,500
Volume in the last 3o days. Average volume is 105K which is more than twice the volume in 6 months. This story is folding very nice. Remember the price is 300% higher than 6 months. As far as last Jan. this did not qualify for VMB because they did NOT average 5k per day 0r $1500 per day. Currently averaging $300K a day and 105K.
4-Jan-10 2.87 2.87 2.63 2.74 120,900 2.74
31-Dec-09 2.65 2.71 2.60 2.71 58,300 2.71
30-Dec-09 2.69 2.74 2.61 2.65 35,500 2.65
29-Dec-09 2.64 2.74 2.55 2.67 49,900 2.67
28-Dec-09 2.50 2.71 2.40 2.64 263,200 2.64
24-Dec-09 2.75 2.80 2.44 2.60 247,200 2.60
23-Dec-09 2.72 2.90 2.63 2.72 70,000 2.72
22-Dec-09 2.87 2.90 2.71 2.72 66,600 2.72
21-Dec-09 2.67 2.90 2.67 2.81 130,100 2.81
18-Dec-09 2.60 2.71 2.59 2.68 70,700 2.68
17-Dec-09 2.62 2.63 2.45 2.50 74,900 2.50
16-Dec-09 2.53 2.62 2.47 2.60 64,500 2.60
15-Dec-09 2.72 2.73 2.50 2.56 137,600 2.56
14-Dec-09 2.50 2.80 2.45 2.70 272,600 2.70
11-Dec-09 2.08 2.43 2.08 2.43 158,300 2.43
10-Dec-09 2.09 2.09 2.02 2.08 21,900 2.08
9-Dec-09 2.06 2.09 2.01 2.06 35,100 2.06
8-Dec-09 2.09 2.13 2.07 2.10 32,400 2.10
7-Dec-09 1.98 2.10 1.98 2.09 91,600
Agreed! I just picked up 2k at $2.70 Bought all trading shares back with a significant core position.
Gorilla you are exactly correct. The stocks I mentioned are very good investments and no accounting gimmick is going to change that. As far as the debate goes it is a good thing providing it is factual. Bashing managent the way it was done and then turn around and say once it gets to such and such a price I will buy sends warning signs galore. If managment ever intentionally deceits investors, clearly you should never buy at any price. The fact is their is many good posters with integrity on the board and the implication I made referred to all and for that I was wrong.
Absolutely not CSP. My point was not to rip the other stocks but showing the bias. The board was by far the best I've ever encountered but the agenda was so clear on that day. Unfortunately I threw in the baby with the bathwater on that post.
Just returned from Florida and found that nobody bought any cheap shares that many envisioned after the 12/24 PR. Glad that none of the doomsdayers predictions came true. The lesson on that day was one people should never forget. Many respected posters lost all credibility with me on our Chinese Microcap Board while bashing CKGT restatement and in essence called mangement liars. Unfortunately they did this while pumping CCME PUDA and a few others in the same category LPIH.OB has diluted by far the worst and yet because the whizkid from Purdue says it's undervalued the "12 disciples" agree. While not intending to sound like sourgrapes it's slowly becoming an "atta boys network" which could be the demise of one of the best boards ever. Here we have an investor who is going to dump 45k on a whim. I thought it was a board for serious investors. I believe their is many boards for daytrading and to take advantage on a small cap chinese board where manipulation is happening.... IMO hinges on serious implications not to mention integrity!
Dow Jones 11,400 Gold $94 Gold 1140
Unfortunately I have no funds left to add on Monday. With the recent news I knew it was a fluke and bought back over 10K yesterday while already holding a huge core. This leaves me in a precarious situation s-term. Watching the traders and people with no holdings on our beloved little I-Hub board band together and basically trash talk CKGT.OB with hopes of lowering the price for cheap shares. The problem being this little board has become very large with more following than posting by a huge number. Certain influential posters are becoming quite clear. It wouldn;t be so painful but the ulterior motive to buy cheaper while downplaying the news is deceitful and hinges on character(heart). The rules came to fruitation on 01/01/09 after CKGT.OB did the offering(08). Now to blantently character assasinate CKGT.OB management as misleading etc has trully given me pause to the highly prized posters on ECSC Board. They trully have some audacity to criticize Yahoo M.B. What about PUDA CCME CBPO and all the other ones that have the same accounting issue? To end like I started, Unfortunately this is how I feel!
You are obviously an investor, I am a trader. You look at fundamentals (raw financial data), I look at charts (market emotion). We have two completely different strategies.
Then why all the crap about SIAF.PK in 3-4 years long-term? Digging deep into their past with extensive DD and then some flippant remark about CKGT.OB with the PE. I'm only a trader...yada yada yada IMO, your MO is becoming very clear.
Unfortunately I probably was one of the big buyers and I have very little money left!
"1.) It just looks bad, shows their bookkeeping is jacked up and that their auditor screwed up 2.) EPS is down significantly."
My last Q and then it's time to let this dog lie and agree to diagree.. How can you make this statement and follow GAAP rules? You only do it as a charge once they are in the money per GAAP. To call it jacked up accounting is totally false. If so, we will see many more coming. Regardless, Merry Christmas & God Bless to all on this board. If you were the accountant and GAAP rules stated to do it this way...how would your sister do this?
Probably wasn't clear. What I meant was that it has no impact on the business. Naturally once the news hits people react initially and the PPS is affected.
Absolutely excellent post ratobranco! The fact remains once these derivatives are in the money they are a charge to earnings based on the conversion price minus the PPS or an average that is baked in for the Q. I love your next quote" BTW, I gotta be honest bro, you sound pretty damn short on this one. Why aren't you short CADC, YONG, CHOP, CAGC, and the plethora of other chinese small cappers that have to contend with this SAME reporting quirk in their results? What's the difference?"
People complaining about CKGT and own any of the above listed stocks need to sell and move on before they are in the money. Todays news was a reason to buy not sell. Anybody who sees this a negative is sooo wrong.BEWARE as more successful microcaps evolve to larger exchanges this problem will affect almost everyone on this board at some point. AS SIAF emerges don't be surprized what surfaces like LPIH. CPQQ, and probably CCME and a host of others. The fortunate thing is this is NOT bad news because it doesn't happen to bad companies only small fast growing companies, cash starved and not household names to get bank financing for growth at a reasonable rate.
The fact is though, most US Listed China companies have this exact same problem... Which is why I hate Warrants. As long as this GAAP rule exists, people should *not* be using GAAP numbers as a measure of company performance for this sector.
This is exactly why GAAP is not used by smart money. With all the talk on CCME and the warrants maybe everybody should trash that also. After all they have these warrants at $5.50 and last I knew their earnings were negative Q3 with a $12 stock. When this washes out these adjustments are absolutely non-cash and have no effect other than the dilution from the warrants, options, and preferred shares or interst charges. If CKGT.OB went to .50 next Q everything would change and all these non-cash charges would be added back in and they wold have earn .40 Q4.
Read the terms of convertibles, warrants, and options. Remember once they are in the money it changes the reporting but has NO effect on this business. Once they are converted or deemed worthless it only effects the o/s. In the mean time accounting games thus use GAAP.
Almost ALL of these chinese microcaps have either preferred, options, or/ and warrants. For this board to continue to be as successful as a chinese Microcap Board we must understand FASB/LIFO/FIFO/ Preferred/ options/ warrants/ dilution etc. Dilution on warrants, options, and convertibles don't play apart in the earnings computation until they are in the moeny.
For example if their is 2 Mil warrants excersizable at $1 and the price is $3 enf of Q3 the company is actually reporting under this method a $4 mil loss. Without the warrants the thinking is the company could have sold these shares at $3(closing date of the Q) thus a $4 mil hit towards the company. Now say the next Q the stock goes back to $1 now they have an additional $4 mil gain. This is an accounting function and as Fernando says in the top paragraph this is why GAAP should not be used. Most Chinese companies have yet for these options, warrants, or convertibles in the money thus no impact per GAAP. AS I have stated before regardless of what has been said CKGT.OB is by far head and shoulders above 90% of all companies mentioned here.
Fernando your last statement " Makes for some fun trading opportunities from all the silly people who only look at the GAAP numbers." My guess is expect the same from CCME!
Guys take a chill pill. Take a look at CBPO which has been touted on the ECSC. Identical situation as they uplisted on 12/14/09 and currently $12+ They have great earnings Q3 and after the GAAP reporting a loss. This happens all the time where they write-off one time deals. If you read financials which you obviously do you too, will understand this happens to most companies within any prior 4 year results. This can be for obsolete inventory, overpaying for a business(goodwill) and many other situations. This just happens to be warrants and preferred shares. The key is to focus on the dilution and this was handled better than most fast growing companies. What they have ultimately done is expose their intentions of an uplisting. Do as you please but I added more just a little to early. Something has canged IMO and that is an uplisting. Start checking all the uplisted Chinese Microcaps and the picture becomes clearer...much clearer. Will it go down on Monday? Probably as the herd reacts without understanding. Have a great Holiday!
That is how I see this also. However, this has no effect on the business itself. At this point I;m not really sure other than the business itself has never been brighter. I believe it has to do with warrants excersize price and the current stock price. s=term it sucks but l-term absolutely no effect. Certainly somebody will correct be if I;m wrong. Have a great holiday!
Unfortunately even though it is non-cash we are getting it on the chin. Guess we will have to wait for better days!
http://biz.yahoo.com/e/091224/ckgt.ob10-q_a.html
I don't fully understand the non-cash charges but somebody will surely enlighten me.
Yes 08 also. You have appeared somewhat negative with ckgt managment throughout your posts. Why? I've turned this upside down and have failed to see anything negative other than an oversight here. Companies like cpqq dilute to the tune of 10 mil with a huge discount to the price and people find positives. Same way with bspm on dilution and a huge discount. Here we have ckgt which sells 2.1 mil shares at 10% discount to the running tally on a prolonged time frame of 6 months. Then a non cash charge and they did something terrible...don't understand where this is an issue. tia...Steven
Paid up the ante at $2.68 for ckgt for the remaining 4500 shares. Todays filing probably is getting them ready to uplist asa poster commented on Yahh M.B. We wll see this go higher as nothing has changed.
So far got an amazing 500 shares! Common somebody sell I'm willing to help on todays horroble news. Sold my NEP for an easy 10% in 2 days. Probably going higher very soon but fell very confident with CKGT. Sold my trading shares in the $2.80's and still holding all core shares.
I just put in an order for 5k at $2.65 Hopefully that helps clear out all the low hanging fruit...Steven
Be nice don't cha remember what your mother told you(LOL)? Any projections on when NEP closes above $8 I believe a nice move is coming very soon nd it happens this year. Chart readers TA people...
Thoughts on SUTR? I picked up 2k today. This stock is still very profitible with new product. Look for this to rebound nicely as economy rebounds. Looks ceap...comments or thoughts welcome
Thanks for SIAF.PK Great call!
Not looking to be crucified but IMO NEP is a better play. Currently added more today. Being tied in with China Petro certainly gives them the needed credibitlity. I believe $3.0 is fair value with LPIH for the next 12 months where NEP is $12-15 based on earnings. Remember they are using $65 oil where I believe we average $85 in 2010.
Have 23 days before I retire(work)! Can't wait to join you guys/gals as you really have some very wise people here.
They have 90 days for yearend right? We should see a very nice breakout by then.
Your right I bought 5k last week thinking it was going then!
With todays volume in SIAF it appears we will brek-out soon. Looks to be a good call.
NEP is #1 and a very solid low risk bet. Oil is going to continue to creep higher. Lightened up a tad on CKGT and bought 1k of NEP.
Where do you see the price of this in 6-12 months? Other than the CC and a small divi...tia
Thanks I did add 3k at $1.03 and will add more.
CSykes there certainly has to be a lot of churning wih SIAF.PK if their is a tad over 2 Mil trading shares. With such a low count why can't this stock get any traction?