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Picked up 100,000 today. Will pick up another few hundred thousand tomorrow.
This is exactly what I wanted-to buy at that low and then watch it easily get to .01 by end of the week latest! Probably by tomorrow or Wednesday!
I wrote him on linked in and asked
Has anyone verified if the product is in any GNC stores and/or if you can really order and receive?
I don’t know about the contracts but Tanner wrote me that they are getting the financials together soon
Another pop coming! 1000% or more this time! https://www.pennystockdream.com/blog/drus-closed-up-62727-after-news-of-17-million-contract-with-us-government
I’m not sure why more people are not reacting to the fact Bannon owns 37 million shares! That’s really putting his stock where his mouth is :)
It’s been mentioned here before but Bannon owns 37 million shares. I don’t think it’s in his interest to deliberately or even negligently tank this through toxic financing. Hope it really gets cleaned up for all of us invested here.
What's cooking here?!?
Is there any way to get updates on this?
Does this mean it's going to stay classified like this? What to do???
It’s a no brainer to load up at these levels!
Everyone should be loading up at these levels!
What do you think these days EcoMike? Will this ever come back?
I own a bunch of this stock but havent been able to sell it for the pst couple of years even at a huge loss. What is the current outlook? I have no been following as I basically just wrote it off.
So this really is completely dead? I dont understand!?
So this stock is just totally dead now or what? Is it even possible to sell anything?
What the hell does that mean?1 I've been invested in this stock waiting for it to get back to $1.00 for almost 3 years...pretty heavily invested too at 40,000 shares
Anybody want to explain what is going on in the Amended filings and what this all means? I'm getting pretty nervous
Indeed it looks like they have really gotten their act together. Now we just need more awareness!
Another contract! :)
CER Wins $3.6 Million (US) Contract from Shaoxing Mingye Chemical Fiber Co.
Mar 15, 2011 13:07:00 (ET)
SHANGHAI, March 15, 2011 /PRNewswire via COMTEX/ -- China Energy Recovery Inc. (CGYV.PK) ("CER"), an international leader in the design, fabrication and installation of waste heat recovery systems, announced today that it was awarded a $3.6 million (US) contract from Shaoxing Mingye Chemical Fiber Co., Ltd.
The contract calls for CER to install its waste heat/energy recovery technology into an existing sulfuric acid plant operating in Shaoxing City in Zhejiang Province. Installation is scheduled for completion in the first quarter of 2012. The waste heat/energy recovery system will have a rated capacity of 16.9 tons of steam per hour at 165 degrees Celsius and 0.6 MPa.
"The focus in China to improve energy efficiency in the industrial manufacturing sector continues to drive demand for CER's systems," CER Chairman and Chief Executive Officer Qinghuan Wu said. "We are gratified and grateful to have been selected by Shaoxing Mingye Chemical Fiber Co. to carry out this important addition to their manufacturing plant in Shaoxing City."
With the opening of its new manufacturing facility in December, CER has been able to expand its operations and take on more new orders and offer significantly shorter lead times for delivery. In the current year alone, CER has been awarded contracts valued at over $115 million (US) for systems for delivery in 2011.
What is Waste Heat Energy Recovery?
Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering as much as two-thirds of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.
About China Energy Recovery, Inc.
CER is an international engineering and manufacturing company that specializes in the design, construction and installation of waste heat energy recovery systems that captures and converts industrial waste energy produced by heavy industrial processes such as petroleum and chemicals refining, paper manufacturing and refining into low-cost electrical power, which enables industrial manufacturers to reduce their energy costs, shrink their emissions footprint and generate salable emissions credits. The company's primary focus is the Chinese market; however, CER's systems are operating in heavy industrial plants located in Egypt, Korea, Vietnam and Malaysia. CER is building China's first state-of-the-art, energy recovery system research and fabrication facility, which will allow CER to meet increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.
Forward-Looking Statement Disclaimer
This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission.
Contact:
Adam Friedman Jessica Hu
Adam Friedman Associates China Energy Recovery
+1 917.675.6250 +86-21-5556-0020 x503
adam@adam-friedman.com hudie@cerenergy.com
SOURCE China Energy Recovery Inc.
I wish you weren't right about what you say. I'd love to promote this so I can just get out but the truth is I really don't know what is going on. I've been holding for almost a year and bought between .0002 and .0003. And right now it seems like nothing will bring this stock up.
Don't know but hopefully articles/sites like this will help get the word out:
http://china.fixyou.co.uk/
China Energy Recovery - Explosive Growth Ahead
posted by The Traveller on Friday, March 04, 2011
It doesn't happen very often that a pink sheets quoted Chinese microcap catches our attention, but China Energy Recovery (CGYV) is quite special in many aspects. The company designs, manufactures and installs waste heat energy recovery systems for industrial customers, and is set to become a leader in its industry. When the recently initiated second phase of its expansion program is completed in 2012, CGYV's site will stand as the largest single facility for energy recovery systems in China. Phase One of this expansion has already been finished and CGYV's capacity for 2011 increased almost five-fold over 2010.
China Energy Recovery's auditor is Big Four firm PricewaterhouseCoopers (PwC). This alone is extremely unusual for a tiny microcap with a book value of under $8 million (March 2010). Common sense tells us that this is not our typical pink sheets company when they engage a very expensive top tier auditor and especially also when PwC accepts them as a client. Since the engagement, PwC has carried out a complete review of CGYV's financials which resulted in restatements for 2008 and 2009 financials, and a long delay for the 2010 reports. This is how the formerly OTC-quoted stock ended on the pink sheets.
The company is now moving to bring their SEC filings up to date by submitting the remaining quarterly reports for 2010. The first quarter 10-Q has been filed this week and we can expect the others to follow soon. With the 2010 annual report the company would be back in compliance with the reporting requirements and could get rid of its pink sheets status.
The news flow over the past six months has been very positive:
September 16, 2010: New Production facility announced. Increases manufacturing capacity by 377% from 356,000 square feet to 1.7 million square feet. Another 100% expansion scheduled for 2012.
November 3, 2010: PricewaterhouseCoopers completes restatements of 2008 and 2009 numbers. Annual report (10-K) for 2009 filed. $22.2 million in total revenue and net loss of $886,480 or $0.03 per share.
November 5, 2010: $22.7 million contract for two waste heat recovery systems announced. Scheduled for December 2011 and January 2012.
November 11, 2010: $10.9 million contract for a heat energy recovery system announced. Scheduled for August 2011.
December 10, 2010: Company initiated phase two of its expansion plan which will triple capacity when completed in 2012. Management notes that when complete CGYV's "site will stand as the largest single facility dedicated to the design and manufacture of energy recovery systems in China."
December 21, 2010: CGYV secures $4.5 million loan facility with Bank of China.
January 10, 2011: $74.7 million contract for two major waste heat recovery systems announced. Scheduled for October and December 2011.
January 19, 2011: $4.2 million contract for a waste heat recovery system announced. Scheduled for November 2011 delivery.
February 24, 2011: $7.5 million contract for two waste heat recovery units announced. Scheduled for delivery in the third quarter and December 2011. 2011 contract total now exceeds $115 million.
March 3, 2011: First Quarter 2010 10-Q filed with the SEC. Reported revenue of $4.1 million (+212% YoY) and operating loss of $538,513 (-35% YoY).
The additional capacity from the Phase One expansion came online in December 2010, so we can not expect much growth for the past year. As the company's CEO stated in a recent press release, "production constraints limited growth, a condition that persisted through fiscal 2010 while our new manufacturing facility was under construction." We should see 2010 total revenue come in between $20 million and $25 million, pretty much in line with 2009 results. But from now on the future looks very bright and the company should see explosive revenue growth.
Trading China reached out to the company to clarify some open questions, and Simon Dong, financial controller of China Energy Recovery, was kind enough to respond:
1. Can we expect the remaining 2010 quarterly reports in the near future?
We do expect the remaining 2010 quarterly reports to be filed soon. The delay of Q1 is also due to restatement of 2009 figures took more than expected time.
2. Does the company plan to file their annual report within the deadline and regain fully reporting status this month?
Yes, the Company strongly wish to file annual report within the deadline, we closely cooperate with our auditor, PwC to issue the report on time.
3. In the last update the company announced: "CER's 2011 contract total now exceeds $115 million." Can you give an estimate for how much of this revenue will be recognized in FY 2011?
Most of the 115 million, we estimate about USD 100 million above will be completed in 2011.
Reported revenue of $100 million for 2011 would quadruple the results for 2010 and 2009, explosive growth that won't be ignored by the market as the financial results are backed by a best-in-class auditor. And it won't end there. The Phase Two expansion, scheduled for 2012 completion, "will more than triple the size of the current facility," and with both stages complete, CGYV's "manufacturing capacity will exceed its original Shanghai-based capacity by a factor of 10."
Those numbers suggest that CGYV can grow from $22.2 million in revenue for 2009 to $100 million in 2011 and $200-250 million in 2013. Long-term growth prospects for the energy recovery industry are excellent, as this technology serves two of China's main goals: lowering industrial pollution and reducing carbon emissions. We are adding CGYV to our China Model Portfolio today after the close.
Yes very good news there. It will only continue to get better in my opinion.
Oh welcome back. I'll be in Shanghai for over Christmas for business/personal reasons and perhhaps I'll also get to see this "welding shop"....
Of course the stock couldn't keep going up without some pullback...if it hits .70/.80 it will be time to pick up more.
And there was no "pump" here at all. Just some savvy investors who have had the foresight to stick with this.
Agreed I am being very conservative and have definitely looked at the chart This company has huge potential. Finally others are noticing it too!
This stock has done exactly what I predicted it would do a few months ago. Great news. I see $1.50-$2.00 in the next 6 months to 12 months after their new facility is completed minimum.
Very good news indeed! I hope it will hit $1.00 very soon and then get back up to $1.50/$2.00 levels
THIS STOCK IS SO FRUSTRATING!
Yep damn I really wish I could have bought in when it was .21 or so. More than doubled...
I'm afriad you may be right....got duped on this one.Have to hand it to them though, they put on a pretty good show
Why won't this damn stock move!!!???
I'm not sure why not. It is quite strange that this news is from April 2009! http://www.amsrcorp.com/news/20090407.cfm
I'm not sure why not. It is quite strange that this news is from April 2009! http://www.amsrcorp.com/news/20090407.cfm
Well of course I know it will not open at that (wish it did though ha!) but it seems odd to me because sure I've seen it at .0005 a lot of times during close for it just to open at .0001 but 0.50 is quite a dramatic difference.
Does anyone else see the ask at $.50?! What could that mean?
Yep like I said if you could have picked up some when it was .21 you could have almost doubled your investment in a number of days. Not too shabby for a welding shop lol. Too bad I just didnt have any liquidity but I'm hoping it will push back up to .50/.60 and then hopefully get up near to or at .80/.90 by year's end. Then the new plant will hopefully be completed and finally grab some more attention. Hold long
What needs to happen to get this stock actually moving!?! So frustrating!!!!!!!!!!
This stock is so frustrating though!