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You keep asking the board questions that only Kanno can answer. Now that makes no sense to me.
You keep talking about the "divy". That was based on the assumption that iPackets would be sold.
The sale did NOT go through so they had no money to pay a dividend.
What's so hard to understand about that?
Seems obvious.
As for an update, I don't think anyone would be satisfied with hearing "we keep trying without much success and with no money to make a go of it".
If that's what you want to hear, you just heard it. Just re-read that whenever you get restless.
They keep trying and perhaps one day they'll succeed, although it's not highly likely.
That's a good question.
Why don't you call him and see if he can enlighten you.
Is this a recording?
Kanno's e-mail: nkanno@ipackets.com
Phone 778-328-9005
Let us know if you find out anything.
Maybe. It could come back, but I have nothing specific to support that view.
Here is the article that gives the $30 Billion electric vehicle sales figure.
http://autos.aol.com/article/lithium-resource
Hey packeteers, I was just trying to help you when I suggested you sell (if you have any shares - which I doubt.)
The vehicle battery market is expected to grow to $30 billion by 2015 and $60 billion by 2020. If CSGH can take 1% of that, with even a 20% margin and 30% expenses, that'll give them earnings of $40 million annually.
Mutiply that by 15 gives a market cap of $600 million. With 60 million shares out we get to $10 a share.
So each 1 % of market share will be worth $10 in the shares price.
If you have any shares sell immediately before the sky falls.
This may be considered normal in China. They don't waste money on non-essentialssuch as a huge CEO corner offices.
This is the way to keep costs down. The final products were pretty impressive.
Why don't you show us your cut and paste and and show where your information comes from regarding licensing agreements comes from.
And if anyone cares to look here is a slew of news releases.
http://www.highbeam.com/Search.aspx?q=%22china+sun%22+lithium+iron
What the hell are you talking and sighing about.
This is taken from the report you referenced.
In September 2008, we announced that it had completed trial production of lithium iron phosphate and successfully met the technical requirements of application after being tested by a PRC state authority.
In March 2009, we announced that its in-house R&D, engineering and technical team had successfully completed testing on DLXY's latest energy power battery anode material, lithium iron phosphate.
In April 2009, we announced that the first samplings of DLXY's lithium iron phosphate product had been sent to Shenzhen Shanshu Power Battery Technology Co., Ltd., and Zhangzhou Youke Energy Co., Ltd., both based in Shenzhen, to conduct tests on the material's performance and battery life.
New Material Development
Our R&D team led by the General Technical Supervisor Cheng Yijing has 14 members in total. The team started the research of the new battery anode material (i.e. ternary anode material) in October 2005. The laboratory test was conducted in May 2006 to examine whether the ternary anode material conformed to industry standards. The test has proved that various technical parameters conformed to the industry standard. After about ten months, the commercial test on the ternary anode material was completed. As a result, in terms of technology, the conditions for mass production of the ternary anode material have matured. We are currently looking for customers for this product.
The ternary material is composed of lithium cobalt dioxide, lithium manganate and lithium nickelate. This material has the following characteristics: high specific capacity, high safety, superior performance of cycling and rate, stability performance at low and high temperatures, charge and discharge duration, high performance price ratio, etc. The material can be applied as the main anodes of small-sized communication and power instruments, such as portable power tool, electronic apparatus, laptop, video camera, and is replacing the lithium cobalt oxide gradually. It also has a good prospect of application in electric autos and electric bicycle.
In April 2004, we established a strategic relationship with Northeastern University, located in the People’s Republic of China. Northeastern University is an institution which has research development capabilities that complement ours. Through our collaborative efforts, we will conduct research and development activities to improve on the currently available anode materials which are components of lithium ion batteries. Currently, we are looking into improvements on the latest lithium cobalt oxide technology and are conducting trials of new ternary materials, which are combinations of source anode materials as an alternative to the sole use of cobalt.
DLXY plans to continue to align itself with many industry experts and enter into agreements with various research teams at institutes and universities.
What about this article on some sort of patent on iron phosphate? What was the patent for or is the author mistaken?
Power Up Your Portfolio with China Sun Group
Written on Wednesday, December 23rd, 2009 by Rick Telfur
Power Up Your Portfolio with China Sun Group
Editor's Choice
* Three Value Stocks for a Long-term Investor
* Three Red Hot Chinese Stocks for a Strong 2010
* A Look at China's Electrifying Battery Market
Learn How to Do Your Own Due Diligence, Free eCourse
China Sun Group High Tech Co. (OTC:CSGH) may not be as popular as A123 Systems, Inc. (NASDAQ:AONE) or Ener1, Inc. (NASDAQ:HEV), but it is the only profitable company of the three and is trading at just 11x trailing 12-month earnings.
China Sun Group develops cobalt and lithium-ion battery component materials via its subsidiary, Dalian Xinyang High Tech Development Co). The company’s three main products are currently cobalt carbonate, cobaltosic oxide, and lithium cobalt oxide, which are all used in the production of lithium-ion batteries.
Recently, China Sun Group obtained a patent on its process for a next-generation power source called lithium iron phosphate that will be used in electric and hybrid vehicles. These batteries provide greater power, longer range, and better safety than other alternatives, while also recharging in just a few hours and providing full power until fully discharged.
I e-mailed the company a week ago about the patent situation on LiFePO4 as it appeared the A123 and Texas appeared to have first developed this battery type.
I've received no response.
Does anyone know what the patent situation is and how CSGH can claim patent protection when they were not first with this product.
Here is a post from elsewhere along the same lines.
Show profile for Tondoup
Tondoup
If there is anything that bothers me about China Sun it is "is it real?"
They claim to be producing Lithium Iron Phosphate batteries. Yet, at the same time, The University of Texas, A123 and some canadian company are fighting over patent rights in the US, Canada and China.
Yet, everyone moves on. I see that A123 has signed an agreement with SAIC Motor Corporation. SAIC Motor, currently the top OEM in the Chinese market.
Back to the Patent situation, it seems that A123 and the University of Texas are at the table to settle the situation at this time.
I have no idea wh
Don't bother with Liberty Analytics. Just an automated analysis of CSGH based on share price movement and suggest SELL.
News Releases << Previous | Index | Next >>
Liberty Analytics Co. Initiates Independent Research Coverage On China Sun Group High-Tech Co.
CALGARY, Alberta, Jan 26, 2010 (GlobeNewswire via COMTEX News Network) --
Liberty Analytics Co., a leading provider of large ,small - and micro-cap independent investment research, today initiated coverage on China Sun Group High-Tech Co. (OTCBB:CSGH). Liberty Analytics is currently offering a complimentary trial subscription. To view our research go to: www.libertyanalyticsco.com
About LAC:
Liberty Analytics Co. is a leading provider of independent investment research in North America. Our services include research analysis on the large, small- and micro-cap markets, real-time news and financial data, market commentary and the LAC newsletter. Liberty Analytics' staff of large and small-cap investment professionals is dedicated to providing the market's investment community with the tools and avenues necessary to make the important investment decisions. To view our research reports on a complimentary trial basis and take advantage of our other services, go to www.libertyanalyticsco.com and click on the complimentary trial subscription button on our home page, or go directly to our registration page at www.libertyanalyticsco.com/signup.php
From the ECSC board
CSGH, Street .com visits CSGH
http://www.thestreet.com/_yahoo/video/10666532/the-future-looks-bright-for-china-sun-group.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#63234150001
A negative view on electric vehicles.
http://seekingalpha.com/article/183543-death-of-the-electric-car-li-ion-batteries-too-valuable-for-plug-in-vehicles?source=article_sb_popular
Read the responses at the end of the article.
Here is one rebuttal.
#
There you go again!! You don't mention it only takes 10lbs of Lithium to replace 3 tons of oil!!! Why?
You also don't mention EV's are 3-6x's as eff as ICE's are, Why?
You don't mention lithium has little market now which is why little is produced, Why?
There is no shortage of Lithium, Manganese, Iron or Phosphate needed for the best Lithium batteries used in EV's. There is a huge supply for the next 5 yrs of possible orders and by then new sources will be available from many places.
Your whole premise is built on a house of cards that we can't ramp up production of common materials. Lithium is so cheap it's not even being recycled!!
And your amounts of KWHrs of battery for EV's are rather high as second generation EV's will be far lighter, more aero cutting car, EV drive by 50% in costs.
Next your hybrids are complicated and thus more costly than EV's will be which are simple machines with only 1 moving part in the motor and no transmission needed. This means once the newness of EV's is over, they will cost much less than hybrids.
You ignore car company's costs on batteries which is 50% less than yours now with preproduction units and they say will drop another 50% as real mass production lines are made. And the battery makers too say the same. Yet you ignore this evidence.
Well EV's are coming soon and we'll see who is right, you or most everybody else including those who build the EV's and the batteries.
Jan 21 09:51 AM Reply
+11 -12
Nice find.
Key sentence: Global lithium-ion battery sales are expected to surge to $21 billion by 2015 and to $62 billion by 2020, from $34 million last year
Wonder what percentage of this CSGH will be able to get?
I believe it too.
For me it's not a trading stock. I'm holding and buying more if it drops futher.
This is not a trading stock. They either get auto battery orders and we are all happy, or?
Not holding so well this morning.
You are on the wrong board.
Well a pink is nowhere near a cease trade.
Makes little difference whether it's pink or grey in terms of being able to trade.
I don't think the Chinese tightening is going to affect CSGH very much. As a state-supported industry in an important field they'll be able to continue growing especially as they probably won't need external funding.
Growth in the battery sector may slow from 30% to 25%, but if the company gets orders for their new LiFe battery, CSGH's growth will be much more significant than that.
That PR is what piqued my interest in the company. I'm positive, however, the test results are not yet in and even though CSGH "plans" (as the release says) to become a manufacturer of batteries for electrical vehicles, those tests have to have a positive outcome first.
Hopefully we'll have positive results, but it certainly isn't guaranteed, and we have no timetable for getting the test results or the time it'll take to gear up for volume production after that.
I wish we did.
That's why I was asking if you had anything more than the PR.
Let's hope we get good news soon.
I saw it earlier and didn't think it was negative, just not particularly positive. But it's a good idea to post everything.
The positive articles will come when they sell some LiFe batteries to auto manufacturers.
Bob,
You mentioned on the other board that orders will be coming shortly.
Is this a guess or do you have information that suggests this.
I too expect orders, but I'm suggest surmising and hoping.
You whine and the price goes up. I buy and the price drops. Oh well.
Please start whining again.
Just wait till they get orders for the new LiFePO4 batteries. We'll probably hit $5.00 in no time.
A recent report on China's battery industry
A Look at China’s Electrifying Battery Market
Written on Thursday, January 14th, 2010 by Rick Telfur
A Look at China’s Electrifying Battery Market
Editor's Choice
* Three Value Stocks for a Long-term Investor
* Three Red Hot Chinese Stocks for a Strong 2010
* A Look at China's Electrifying Battery Market
Learn How to Do Your Own Due Diligence, Free eCourse
New Energy Systems Group (OTC:NEWN), China Sun Group High Tech Co. (OTC:CSGH), China Ritar Power Corp. (NASDAQ:CRTP), and other Chinese battery manufacturers could see substantial upside amid government incentives to switch to electric power despite some efforts to curb electric bike usage.
LiON Battery Demand Only Growing in China
Global battery demand is projected to increase about 5% annually through 2010 but China will record the largest gains and surpass the U.S. as the largest market share, according to many analysts and economists.
The China Battery Industry Association predicts that demand for portable and green technology will fuel a 30% annualized growth in demand for lithium-ion batteries in China alone over the next five years.
The majority of this growth is driven by government mandates that are focused on improving environmental standards. In fact, China’s five-year development program lists lithium-ion battery development as its third objective.
In addition to providing these batteries to the global consumer electronics market, China has also been pushing for applications ranging from electric vehicles to electric back-up power for many of its infrastructure projects.
Lead-Acid Demand Remains Uncertain
Despite the rapid growth projected for batteries in China, the future of lead-acid batteries may be less than certain due to a new law limiting their use in so-called e-bikes, according to the China Electrical Equipment Industrial Association.
E-bikes have become a sensation in China due to their affordability and lack of a requirement for a drivers’ license. The growth led to a 25% annualized growth rate in recent years, but amounted to approximately 20% of the country’s lead consumption.
As a result, China’s Standardization Administration said that e-bikes can no longer go more than 12 miles per hour and must weigh no more than 88 pounds. This is expected to severely limit demand for the bikes, and also limit demand for lead-acid batteries.
Investment Opportunities in the Industry
Two of the fastest growing lithium-ion manufacturers in China are New Energy Systems Group (NEWN) and China Sun Group High Tech Co. (CSGH). Meanwhile, one large lead-acid manufacturer that could weather the storm is China Ritar Power Group (CRTP).
China Sun Group has developed a unique lithium iron phosphate battery that has improved safety, longer cycle and calendar life, high peak power ratings, and lower environmental impacts. Moreover, the company continues to trade at an attractive multiple given its growth.
See also “Power Up Your Portfolio with China Sun Group”
New Energy Systems continues to show sales despite the lackluster economy, and recently acquired Shenzhen NewPower Technology Co., Ltd. The acquisition is expected to add $27 million of revenue and $2.5 million in net income in 2010 despite a purchase price of just $14.7 million.
The Takeaway…
* China’s battery market is growing faster than the rest of the world, particularly when it comes to lithium-ion batteries.
* China’s lead-acid market may slow in 2010 thanks to new regulation on so-called e-bikes that could limit demand substantially.
* China Sun Group and New Energy Systems are two stocks to watch in the lithium-ion sector, and both are trading at attractive valuations.
I stumbled on this site watching another penny stock and through a poster found the predecessor to Sulja, some St. Louis or another town's property developer. I think the company's name started with "L". Then after a while it came to life as Sulja.
I was skeptical of pennies and wanted to see how it turned out. It seemed highly questionable with those multi-billion Saudi deals.
I did lose some on Cyberkey in the meantime but got out with around 70% of my money when I realized that that was a scam too.
Thanks. I was never a shareholder, but followed the story from before Sulja.
Are such preliminary hearings open to the public?
Seems to me that the big money is going to come from electric vehicle batteries and that these will use lithium iron phosphate.
A123 has production capacity of 300,000 batteries per year and just announced that they received $300 million from the US government to expand production capacity.
Where do you get the idea that A123 might buy from CSGH? Is that just a thought you had or have your read something about it. It would be great if true.