I have e-mailed the CFO thanking nuin for taking this 1st step to restore investor confidence & suggested as a 2nd step a very small qtr cash dividend be paid to remaining shareholders.

When volume is lighter than the mm would like it to be they resort to manipulative tactics.

The mm's job is to keep a orderly market,right lol

Lets look at todays early trading 11,910 shares were bought close to the ask while only 5,000 shares were sold near the bid.

That would seem to suggest that buy volume is running 2-1 over sell volume.

Well at one point today the pps dropped to $0.67 down almost 1/3rd from yesterdays close of $1.00 & the pps has traded below $1.00 on the 1st 16,910 shares traded.

I have reported past mm violations to the SEC but thats just a waste of time so don't bother.

If we ever get strong buying volume the pps will & should explode to the upside.

But it is becoming increasingly obvious that the CEO doesn't really care to have the pps higher at this time.

So telling WKBT about stock manipulation would also do nada.

Besides they don't speak English & the audit committe chairman who does speak English doesn't answer his e-mail.

I am getting very frustrated holding my shares of WKBT but value use to always win out over time so I will continue to hold without buying any more until I see them use cash in some positive way.

WKBT 2nd qtr revenue of $17,064,833vs$10,493,659 with eps $0.12vs$0.07

6 months revenue $45,222,922vs$24,452,199 with eps $0.48vs$0.23

current assets$69,727,953vscurrent liabilities$4,021,024

cash $61,600,851 shareholder equity$88,411,488

pps $1.00 with bookvalue @ almost $3.00

Accounts receivable about 5% of 6 month sales

I realize many here don't believe its legit because gross margins are close to 60% however if you look at the SEC filing you will see they take strong meassures to control costs & efficiency of operations & that new products with higher margins account for most of revenue gains.

Looking at 2nd qtr results it appears that beverage sales the one staple earnings driver had a sharp decrease in revenue.

Animal feeds while still showing nice gains in revenue is actually slowing down its growthrate making the large amount spent on patents somewhat suspect.

This leaves cigarettes as the main future revenue & earnings driver& with the increase in revenue from that source comes increased A/R.

I think the odds of that cheap pp offering happening have increased making me stay on the sidelines for now.

NUIN has takin a moderate view in expanding their beverage line but did maintain revenue guidance for 2011.

They are preparing to launch their alcohol beverage line in the 2nd half of 2011.

Somewhat disappointed that they didn't get their beverage line out as fast as originally planned although revenue gains were very good from those lines in the 2nd Q.

NUIN 2ndQ EPS $.24 vs $.12 in 2010

The answer is very simple...They need to do a stock buyback & or a stock +small cash dividend.

To say they have cash is not enough,,,to verify they have cash is also not enough,,,stocks are bought for their longterm dividend yield & investors are not sure they will ever see any of those profits supposed or otherwise given to "U.S." investors.

AJGH.pk at it again,,,$0.65+$0.234 or 56.25% this time however the volume is very light...

A winner today,,,ajgh up 30% on 4x normal volume,,,malc you like?

ajgh up 30% today on 4x normal volume....eom

AJGH.PK $0.494+$0.114 or 30% on 4x normal volume with no new news that im aware of.eom

Strange trading in nuin.ob today...after strong earlier volume of 25,000 shares had little effect on the share price a 100 share trade was done at $3.39+$0.77...wide spread as well...b2.55 a3.40

nuin $3.39+$0.77 on large volume for nuin of 25,100 with a wide spread?

Someone must of liked their GlobalHunter presentation...eom

WKBT is currently building a strong base well off the yearly lows of $0.60 & while the current pps of $1.07 represents over a 70% gain it is not indicating WKBT's true value.

While 1st qtr numbers were outstanding due to 3 new drugs being introduced they still have many promising drugs being developed & what maybe a blockbuster drug getting ready for introduction by yearend.

Lets look at some current numbers from the 1st qtr...total cash $61.82M or $2.00 cash per share[verified by a top 10 auditors independant audit]

B.V.$2.62 Total debt$-0- diluted eps$1.08 ROE55.52% ROA38.84% Current ratio9.90% profit margins35.16%[above industry average due to cost containment & higher margined new products impacting revenue in a big way] qtrly revenue growth101.70% qtrly earnings growth149%...

They are looking at a number of acquisitions with one biggy rumored to be in the works currently.

While all r/merger stocks have been accused of overstating results WKBT has alway been audited by a respected audit firm.

And while they did change auditors for 1st qtrs results they also had a independent top audit firm verify the cash reported to the SEC for both 2010 & 2011's 1st qtr were the same as the cash they found in the bank on personnel inspection.

I would like to see a small cash dividend & have made that clear in a e-mail message to the head of WKBT's audit commitee to pass on to the CEO who owns about 80% of WKBT.

But i will say it one more time the next move is up to the CEO who has plenty of cash at his disposal...

wkbt on fire this morning...but volume is light.

Grant Thorton verification of cash balance;;;

email contact;jeffery827@yahoo.com

cash balance $2.00 per outstanding share sitting idle in a Chinese bank account is a part of the unanswered puzzle that I am trying to get a answer to sooner rather than later.

A CEO that owns about 80% of the shares outstanding to date has not made his intentions clear since all that money was indeed verified after earlier being audited & reported to the SEC.

No dividend or acquisitions or corp expanding just money sitting in the bank has not gotten investors interested in WKBT to date.

I doubled my position since I feel some r/merger stocks have been overdone to the downside with the present upside potential looking well worth the current risks & wkbt rank very high as a current risk vs reward candidate.

If Geo-investing wants to do a on the ground inspection I welcome any results [I would even think about buying a premium membership or maybe 25 premium memberships.]eom lol

jeffery827@yahoo.com

As far as I am aware of this is the only contact information available for wkbt at the present time.

Redchip was either fired or quit with no new I.R. firm hired to date & the contact listed on the WKBT website gets only the response that a representative will be in contact.

However since no one speaks English other than Jeffery who would be replying to a English written e-mail.

I have sent a e-mail to Jeffery with some of the many questions left unanswered since Grant Thorton's verification of bank cash deposits matching SEC filings. [Why is all that money just sitting idle in a Chinese bank account instead of working in the direction of shareholders & corp. interests.]

I will share any answers if & when received.

regards,pappy

Like I have been saying the next move is up to the CEO.

If the you believe the audited cash numbers & it has now been verified by a independant audit firm then the CEO who owns around 80% of the outstanding shares could use that cash in any number of ways to increase the share price.

Since the independant audit was completed last month he has taken no additional steps to increase the share pps.

No buyback,dividend,acquisition just money sitting in the bank drawing very little in interest payments.

It appeared he was trying to keep the share pps low in order to take wkbt private,but then why spend the money for a independant audit if that was what he had decided to do.

And yes I still have my full position & with $2.00 in cash per share & many new products with high potential just entering the revenue stream in late 2010 & now I will keep my position.

Hidden gem or fraud?

I have this on my watch list & like WKBT their results seem to good for investors to believe so they treat it like a fraud.

I am not adding any China stocks at the present time other than WKBT which just had a independant audit of their bank accounts verifying cash in their accounts is consistant with their SEC filings for both 2010 & 1st qtr 2011.

AJGH doesn't have $60 million + dollars in China banks but has shown high double digit low triple digit growth in both revenue & earnings & like WKBT has & both have a current p/e ratio under 1.

And thats the reason im not adding AJGH to my portfolio yet since if WKBT isn't getting any respect with $2.00 a share in cash, no debt,a great backlog of new products being delivered yearly thru a continued R&D program, low A/R,little dilution since going public & higher margins than the industry average due to name brand recognition & strong new product development.

Then why add anymore names until WKBT is priced at better than half of cash per share & 1/3rd B.V.

hIDDEN GEM OR FRAUD;It seems the market is presently treating them all like frauds so I will await some kind of rational bottom to appear before adding AJGH which is looking more legit. as time goes by. imo

Some have already been below 1,look at WKBT.

Trailing 52 week eps @$1.07 after reporting 1st qtr results had been as low as $0.60.

Friday it closed @$1.07 +$0.04 or a p/e of 1

Earlier in the week the results of a independant audit of WKBT's bank account statements done by Grant Thorton was released.

Grant Thorton verified cash amounts listed on SEC filings for 2010 & 1st qtr 2011 matched account statements obtained from WKBT "banks" directly by GT.

I think audits of large cash positions reported by WKBT & other China stocks to verify that SEC filings match what bank statements tell is a important step.

In WKBT's case both 1st qtr 2011 & 2010 bank statements were checked directly by GT showing a lot of effort was put into that report.

With all the talk of fraud I don't blame GT for checking more than 1 bank statement as their reputation would suffer if they made a false report without doing a long & 1st hand report.

In spite the turmoil in China r/merger stocks that has kept the pps of WKBT in check in spite a awesome balance sheet that has now been audited or verified by 3 highly regarded audit firms.

The pps of wkbt has been slowly working in the direction of the 50dma now at $1.05.

If able to substain above $1.05 then it should head in the direction of the 200dma now at $2.16.

For a normal stock with $2.00 per share cash & B.V. approaching $3.00 the current pps would have never happened but this stock which I call the wild thing has never made much sense.

I have averaged down my current position to where I am almost even by fall I believe the pps should be much higher.

I also expect higher eps,cashflow,revenue,more new product developments & hopefully a acquisition or dividend will take place to assure I am correct.

Todays trading range $2.20-$2.60 on increased volume is quite a bit wider than the norm.

After starting the day under some selling that brought the pps down to $2.20 some nice buy blocks of 2-5k large for nuin which doesn't trade much more than that on a average day took the pps up to $2.60.

Looks like someone is trying to accumulate on the cheap.

Future qtrs should show steady improvement in operating results since that is the usual trend for nuin & with the increased roll-out of health drinks 2011 should be no different.

Solid balance sheet & strong product demand make nuin look like a keeper in spite the turmoil in the China space.imo

Chester,

I got faith as I posted on yahoo....[I still have my 5k position & buy a powerball every week.]

UTA still needs to release 1st qtr numbers & with the current market downdrift I would rather they wait a week before releasing what I believe will be outstanding results,,,

WKBT although down with the market managed to stay above support levels & 67% above its lows,,,This will do until the next positive release to go with the verified $2.00 cash on the books by a top Independent auditor.

No one seems to interested in WKBT or any other stocks in the present downdraft & im fine with that as long as positive results keep coming.

My cash level is still @ 85% & likely to stay that way until I see a comfirmed bottom in this space,however at some point the cream alway comes to the top.

I like to believe UTA & WKBT will look very creamy come fall....

WKBT still available at a very cheap pps even after bank cash balance of over $60 million dollars verified by a top 10 independant auditor.

A lot has been made about wkbt's margins being to high at a time raw material cost have been rising.

WKBT has had a strong eye on containing costs at a time many new products are being added.

WKBT which already had strong brand recognition in China has received strong acceptance of its new products allowing margins to increase.

Even if they have fudged some that cash in the bank didn't get there without strong cashflow & earnings.

WKBT is commited to spending 10% of revenue on R&D so I expect new products will continue to be released although I believe the strong margins showed in qtrs 4 & 1 will not be substained at such a high level since no more new products are scheduled for release until 4th qtr 2011 results.

Even if you don't believe in WKBT as strongly as I a nice upward bounce is happening as I write & volume is increasing.

Have a good day as I am ,pappy

p.s. And yes I am keeping a large amount in cash as I buy selective China stocks that have not rallied with the present extended U.S. markets & thus cannot be expected to do as they either up or down.

WKBT's cash verified by a top 10 audit firm at $2.00 a share or over $60 million dollars.

I more than doubled my position this morning on the news since the pps was still less than 50% of verified cash in the bank.

I will continue to hold a large amount of cash since overall markets are in corrective mode.

A lot has been made of wkbt having margins higher than the industry average.

When you release a number of new products into the market that are well received you are able to increase margins.

Add to that effective cost controls with a already established brand name.

True wkbt's numbers look like numbers out of a story book that many find hard to believe but if the cash is there then some pretty good earnings & cashflow were needed to make that happen.

I am doubling my position today on this news.

A lot has been said about WKBT's margins being higher than the industry average.

Little recognition has been given to the effective cost controls & new products that contributed to those strong margins.

If the cash is there thats $2.00 per share in cash & verifies that earnings & cashflow had to be very strong to arrive at such a high cash balance.

If your looking for a bounce look @wkbt the wild thing.

It has a history of making large moves both up & down.

It is now finally consolidating 80% down from recent highs & 50% up from recent lows.

Currently selling below cash & B.V. & with a p/e ratio under 1.

I realize no one believes the numbers including I but they do have serious growth from a number of new products & a great R&D team so those numbers are not that far off.imo

I contacted WKBT thru their website.

The website said I would be contacted within 72 hours.

I left both a phone number & my e-mail address but was never contacted.

This was after they severed ties with Redchip so possibly Redchip would have been the one reponding to my inquiry since only one lady at wkbt speaks any English to my knowledge & she was working with Redchip as the wkbt spokesperson.

To my knowledge no one has received a reply from wkbt since redchip quit being the I.R. firm.

Its almost like wkbt is going thru a quite period,,,I hope the CEO is formulating a future strategy as he knows what it takes to increase investor interest & share volume.

He did a good job of creating interest prior to the private placement aided by 'Larry Isen's' a supposed China stock guru who did a very positive article on wkbt in Janary after visiting with wkbt.

Selling pressure finally easing up after a better than 80% drop from its previous highs.

As I have said before the ball is in the CEO's court.

If WKBT's cash position of over $60 million dollars is true then he has many options to increase the share value of his stated 80% position.

buyout,buyback,dividend,acquisition or two,new IR & PR campaign,Some new product developments,etc.

And now would be a good time to make his move since the share pps has been taken down to unreasonable levels for a company with a great pipeline of new & improved products.

Even if the numbers as the market seems to be saying are not 100% correct WKBT is due for a very nice trading bounce.imo

The ball is in the CEO's court even after some outstanding 2010 "audited" results followed up by a 1st qtr report that if true was about as good as it gets thanks to a strong backlog of new products that started entering the revenue stream in the 4th qtr of 2010.

Sure these new products along with effiencies of operation are increasing margins at a time when other TCM's are seeing margins decrease due to raw material increases.

But no one seems to care,today down volume is outpacing buy volume 21,918 shares vs 200 shares.

As far as im concerned as long as the numbers are legit. just keep up the outstanding job & once the fear in this space subsides wkbt will make a huge move to the upside.

However the CEO has a deadline to meet according to the terms of the private placement to get listed very soon or forfeit some of his shares placed in a make good account & the penalties continue until listing occurs.

At the present time the pps is far below the required listing pps & a reverse split would make the float to small as well.

So what will he do? Not much he can do presently accept continue the strong financial performance other than pay a small dividend.

Some of wkbt's funds are in the U.S. so this could be done without having to get permision from the Chinese government as long as the dividend was very small.

He could take wkbt private using some of that $60 million reported cash on hand & that would mean offering at least $2.00 per share for the 20% share count he doesn't already own which again is the reported cash per outstanding share.

It is very unusual to see a stock selling for less than the cash on hand but wkbt seems to be the exception to the rule with the pps fighting hard just to reach a buck.

This is telling me that while very few buyers currently exist someone is selling enough shares to hold the pps down & who could that be/

The same thing whether I was long or short.[sell]& buy some wkbt that has reported audited results & is still a lot cheaper than this "proven" fraud.

But my 2011 track record is about as poor as anyones in the space[so maybe this old fart is wrong now as well]

One thing for sure is my current 90% cash position is "real" & I was lucky enough to have sold all my ccme shares in 2010 when the pps was quite a bit higher than now.

My current 10% still in this space shows one small winner[nuin] & a lot of red.

My current position in wkbt bought with all my past winnings from swinging wkbt are looking for a pps of $-0- or a longterm pps much higher than ccme ever attained.

p.s. Someone asked me for my current opinion of ccme on the I.V. board for wkbt & this is my response since I no longer follow the ccme board on I.V.

I didn't listen to the cc.

As for the quarterly results the increase in revenue was a positive & will look for that to continue along with some increase in margin in future quarters.

Overall I rate cpqq a hold or o.k. to buy at its current depressed pps.

Refiners are shipping gas overseas causing U.S. gas prices to stay inflated even as oil drops in price.

WKBT has expanding margins while most other TCM stocks were being effected by raw material price increases making a lot of investors question 1st q numbers.

They did launch 3 new products in the 1st Q.

I have yet to look at what effect those products had on the margin increase WKBT enjoyed in Q1.

Their has been some discussion about wkbt having margins higher than other companies in the industry on the CGS board...

I would like to point out that WKBT as a wholesaler with very low A/R & state of the art equipment should be more effective in controling operating margins than a company that sells strickly retail.

That said I looked at 2010 profit & operating margins for ckgt of 32.73% & 31.41%]cbp 35.33% & 36.37%]wkbt 32.7% & 45.17%]nuin55.46% & 65.13% & in my opinion nuin & wkbt are the better run 2 in the bunch but even so profit margins were close on all but nuin a company with a product in high demand.

bspm had profit margins of 21.67% & operating margins of 29.43% in 2010 but being basically a 1 product company i don't think it should be compared to the others.

Simularly GFRE which is in a different industry should not have comparable margins.

Astounding if true....

Running eps after reporting 1st q results is $1.07 with net sales,gross profits,net income & eps more than doubling yoy comparisons.

The runrate after 2010 1st q results was $0.68 & they ended up making $0.87.

The runrate after 2011 1st q is $1.48 & they will end up making who knows what if these figures are real.

Look at the reported cash on hand now up to $61,824,628 vs $50,363,812 at yearend 2010.

That's over $2.00 per share in current cash & with the cashflow WKBT is reporting they absolutely need to declare a dividend & or do a major acquisition.

No company the size of WKBT needs $61,824,628 cash on hand to fund current operations...

This stock has to be given the strongest buy rating of all time or the numbers are bolona...

I will continue to hold my shares at the current pps & see how WKBT preceeds from here & I hope with these kind of numbers the CEO doesn't buy me out & relist on a Chinese exchange to get the pps to fair value.

WKBT: Net sales & gross profits more than doubled,,,net income $11.3M vs $4.5M yoy or $0.37 vs $0.17 yoy.

Cash now $61,824,628 vs $50,363,812 at yearend....

What company needs over $2.00 a share in cash on hand with this kind of cashflow?

They absolutely need to declare a cash dividend & or do a major acquisition.

Either a very strong buy or all bolona,,,take your choice,,,I will continue to hold at the current pps.eom

My total loss this year figuring the 10% I still hold in China stocks at $-0- is 25% of my total capitol.

Making 2011 my 2nd losing year since 1961 my 1st full year of investing is small-cap stocks.

I took my original investment back out 10 fold long ago but don't intend to give back more than what my present investment is +10%.

The risk in small-caps is you could lose 100% & up to this year the risk was worth the reward.

I got caught with my pants down this year probably because of past success but the SEC &China will not team up on me again.

I never expected the SEC to do their job but with China dictating terms of the agreement the r/merger China space is done as far as it concerns a 74 year old man such as I.

P.S. I never invested in IOC & LTUS was a gain in another year but I did lose big in CKGT & HFGB & still have to figure in small positions JADA &UTA&CPQQ.

As for WKBT my present position represents past money made in WKBT.

I hope this answers your question...

regards,pappy

Heres one for you,,,,wkbt my target price=$-0- or $12 whichever proves to be fair value. ugly

Sorry for your loss. I have already raised my cash level to 90% with no more than 10% expecting a return to r/merger China stocks.

I don't intend to lose everything I have made over the years in this sector back.

As for wkbt my target sell point is as close to my fair value target pps as possible,,,that target is $-0- or $12.

One of those targets should prove to be fair value.imo

pappy