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LRG.v 0.40 - nice move off phosphate acquisition - looks real cheap on early sector momo off potash strength...def worth a look
BRN gapper potential - oil/gas low float play (4.5m). First day of real volume today and one of the best fundamental plays of all the microcaps of the sector. On pace for $1.20 eps and only at $15? Compare to the likes of PDO and MXC. This was $162 pre-split in 2004 and the earnings are higher now, even with the forward splits factored in.
Even on only about 40k shares of the original pop today, it managed to spike 24% - imagine a few more eyes on this. $20's are more than reasonable as it spent 2 years comfortably there, even on much less earnings last year. Even if this went to $30, it would still only be at a PE of 25, whereas the likes of MXC is up in the nosebleeds right now at 75-100PE.
Also, realize this is oil/gas first, development properties 2nd - oil/gas accounted for 98% of last Q's revenue and really, selling of properties only comes and goes Q to Q.
Just needs more people out there to see this is pretty much the best fundie play at these levels with a low float....show me otherwise, and I'm there!
BRN - discovered oil/gas on pace for $1.20 eps - looking for nice gap and run tomorrow - best fundies out of all the microcaps and only just getting serious trader notice today. 4.5m float also, with divy pay out. Moved 3 points on about 40k shares initially, given the PDO/MXC/ROYL moves of late, this certainly has the potential for the $20's (where it historically traded 2006-2007). Even then, it still is on pace for 15-20 PE - compare that to the others!
BRN - oil/gas low float worth looking at since it has very solid fundamentals to back it up - on pace for $1.20 eps and currently at $15+...4.5m float, with divy as well. One of the soundest on paper of all these that are running and only just getting on radar for the trading circles. Should see a nice gapper.
No, this was not a pump and dump...this was serious share printing or just a huge shareholder blowing his load without a care in the world...there was barely even 1 million shares traded in the week prior to the promo (830k in the 3 days prior), but 18 million traded after the promo. There was no real frontload causing this - all the 'frontload' was between 0.175 and 0.18 - not exactly much of a pump to squeeze 10-20% out of it. The promoters got blindsided IMH, and now they are f'ed and everyone playing their game got f'ed too.
Actually, I think with the right 'trickling' of dilution yesterday, it probably could have pushed 0.60 or higher easy today on the buzz. It was thin as hell prior to the dumper dumping. Whoever did this screwed himself and everyone else out of much bigger gains (well, increased losses for us..lol).
Trouble now, is the bagholders still out there will sell at wherever possible to minimize the bloodshed and at this point, they would gladly take a penny or two higher...no rally can sustain anymore because the trust is gone and the share count is now too high. That's where I just don't get these pumpers....stockster (#2 and beyond since #1 got jailed), stockpic, explosive...their system was methodical - stockpic was slow and steady for a week everytime...no brainer..stockster original & explosive were good for 3 days before the crash. Don't deviate and everyone will trust. One foul play and your gig is up........(stockster 2 - play #1 was doomed thanks to free shares and almost instant crash, stockpic - FRTW, Explosive and whoever worked together with them - bcln) ...chit happens i guess
Disagree - when you burn traders like these idiots just did, it will take a miracle for any sort of significant bounce. Obviously there was a bunch of dilution that just happened here, but if you take a look at the FRTW chart last november, stockpic ran a promo (with a prior very successful track record), and within a day or so (long before typical pump duration), the dilution came in a brutal way - dumped just as fast as this just did, and no real bounce until it was down 90% - now down 97% since the promo. I said earlier, this would be lucky to ever see 0.15 again...but to be honest, I'd be surprised ever to see 0.10 as well! Either the company just screwed themselves as a publicly traded company, or some investor that just got unrestricted screwed the company and the company will never see the light of day again in the trading world.
Mark this post as I will honestly be surprised if this isn't how things pan out here.
at least it had a huge gain before the dump - thats the way they SHOULD work...2 or 3 day move, then the massive dumpoff...this one peaked 28% which is pathetic - well run play/coordination could have easily pulled 200-300% with how thin it initially was (trickle the dilution for liquidity, don't dump block after block just as it gets going). Now all the promoters involved totally destroyed what they had going for them. Bye bye credibility.
I seriously doubt this will recover - this is too much dilution, too much BS, and now no one will trust the promo's or the company - I say its doomed for a long time and it will be lucky to even see 0.15 again. Kinda reminds me of the brutal FRTW crap out that stockpic was involved with and that's down 97% after all that dilution (and the immediate haircut was 90% drop before any sort of bounce).
Are these people stupid? Seems to me, if I was a large holder or a company looking to dilute to shit, why dump IMMEDIATELY on the open with so much pre market hype? They could have sat on the sidelines and watched this run to 25+ before they dumped...hell, traders would have pushed it to 30 without the dumpers present. THEN dump all they want and get double, triple, quadruple the price!?! Why screw everyone like that? Even if you have to put in your dump orders as a large block before open, you could have steered clear today and put in the orders tomorrow - then it would have been win win for everyone.
This stuff is just stupid. Sure, the diluters usually don't care on price, but THEY SHOULD...they could have dumped in the 30's (or even higher if they didn't dilute so much yesterday as well), instead, they have to dump a pile below a dime and what they were able to sell in the low 20's yesterday....isn't it all about maximizing profit (even for the criminals)??
Maybe I'm missing something, but logic to me says otherwise.
As I said time and time again, I believe this debt payment is in the form of the new shares WHEN they get approved as the new Etelos ticker (they don't have them yet)...if for some reason otcbb doesn't approved them, then I wonder what the hell!
just returned...sorry to hear dude, wish you listened instead of plugging your ears singing la la la la, but we are all gamblers here anyway, and this was just one loss...off to the next attempt at winning the lottery and now you know next time you see a case like this.
To those that listened, I hope you salvaged something.
Will certainly admit, I went back and forth a few times before I saw it from enough angles to realize this was definitely dead money.
Like we have told you - take off the blinders - don't base it on how it reads, base it on the simple facts.
Simple fact, and really, this is the only fact you need to know, if the shares were already canceled and reissued, they would have been on the otc daily list...THEY ARE NOT..the daily list is essential gospel...it isn't a casual thing that they get around updating when they feel like it - it tells it like it is, exactly WHEN it is.
Simple fact, share price says these are dead shares - there ARE smart people that trade pennies too, so do you really believe you 1 or 2 on this board are right, and the other 50 traders are wrong? Jim Bishop is a very smart trader, JJSea as well...we don't have agendas to just bash it down - I know that from seeing their posting style over the years - we are just trying to state the facts as some of us actually like to help others - not all criminals on ihub!
I have ALSO seen occasions were shares were supposed to have been 'changed', or 'canceled', but they were delayed. The MM's don't read filings, they take care of supply and demand and place trades as requested - unless they have the cease trade order, they will continue to do so.
New shares issued to creditors - those will be the ones filing for the otc..they don't have them - yes, the company is now Ethelon, but the shares are still to come...simple
The final point I'll make for the 5TH time - even if you were to keep your shares, they won't magically jump to a higher price premium - if they do, it would involve a reverse split at same value - essentially, you can just wait to buy on open market when the new shares come. WHY oh WHY take the risk of them going poof when you would get NOTHING out of it!?????????????
One last response to you..ask yourself this if you are so sure of yourself - if Leslie has said shares will be or were canceled, and you all assume they were canceled on the 21st, and new shares were issued on the 22nd, then why is it not on the daily list?? hmmmmm
of course, because the shares aren't yet canceled! End of story, end of speculation...unless you think Leslie is lying, or Kewlman was lying (someone who was obviously a believer)...
on that...enjoy your trolling....
I'm reading it the way I 'know' of bankruptcy, AND merger scenarios (the fact that first day post merger is always traded very thin because the shares are trickling in to the MM's).
Yes, I am here to save people and the people that know me, would know that - as it is, the first person I warned, sold, lost $100, instead of now being down $400...so at least I helped someone! At this point thou, people still holding..beats me, not much left in it for you, so you may be best to just ride it out or look for one last pump, unless you were holding a million shares!
Well, for the 5th time, please read below
<<In connection with the merger, a market maker has filed an application to have our common stock quoted on the OTC Bulletin Board, which is pending as of April 22, 2008. The shares of Etelos, Incorporated have been privately held and never traded publicly. We cannot give any assurances as to when, if ever, our common stock will be quoted on the OTC Bulletin Board.>>
- these ARE NOT Etelos shares you are trading - the statement below says they have applied for the otcbb, and they have never traded publicly. Do you really think this statement would have been made based on the 22nd, if the shares were 'golden' the next day? All the new shares issues will be relating to the new shares they are trying to approve for the otcbb.
As bankruptcy statements go, I have seen very similar - the PR comes out saying new shares will be issued, old shares will be worthless - the old shares STILL trade a few days beyond, then boom, they're gone. I am sure if yesterdays shares were good to go, Leslie would have asked kewlman when he bought and cleared that up. Quit being stubborn old goats - it isn't worth the risk. Even if you were to get the 'new shares', your share price isn't suddenly going to skyrocket to match the value of Etelos - it would have already skyrocketed at the time of the initial merger news and you'd be pretty much doing straight conversion with no premium - whats the point???
sorry to hear that...a few of us were genuinely trying to warn you with a couple here too stubborn to listen...hope there is something to salvage for you.
Jim - it stated in the 8k that the application for the new shares are pending - it is very likely to me that the trph shares will just keep trading until the time the shares get approved...then they go bye bye and show up on the deletion area of the daily...that may be a week, it may be a month...as they state in the filing, maybe they don't even get the new shares approved and Etelos never becomes public...
I think the point is that anyone trading trph shares are trading shares worth zero in all essence.
i'm done...enjoy trading your stock...no point, but don't say you weren't warned..
You know what I really think could happen here...people trade worthless stock trph, thinking they own Etelos...all the while Etelos is still a private company....if/when they get approved and they get the otcbb listing, suddenly POOF, trph is gone forever...
THAT is the likely scenario here.
I have held stocks through RM (of clean shells) - I know exactly what they are, so you can spare me....u are just trading with blinders and thats how money gets lost. good luck...u need it.
What part of the below sentence doesn't make sense? This is still on the pinks, this ISN'T Etelos shares trading here! Hell, it reads to me like they may not even ever become publicly traded!
<<In connection with the merger, a market maker has filed an application to have our common stock quoted on the OTC Bulletin Board, which is pending as of April 22, 2008. The shares of Etelos, Incorporated have been privately held and never traded publicly. We cannot give any assurances as to when, if ever, our common stock will be quoted on the OTC Bulletin Board.>>
including 5,010,000 shares approved for issue under our Plan of Reorganization. The shares issued under our Plan of Reorganization will be freely trading securities.
All future tense...to be coming - likely new shares of the new ticker.
don't think you get everyones point...this is a bankrupt company, not a clean shell - show me an example of a bankrupt company doing a reverse merger and the shares were still valid. The PR says they are worthless, and I see no where in the 8k saying otherwise....the effective time they talk about I would have to assume is the time the new shares start trading on the otcbb, not the time of the merger completion....
good luck...no sense back and forth - you have your believe, I have mine (and the market seems to side with me)...these are TRPH shares - worthless shares of a bankrupt company - they are trying to trade on OTC with the new company...usually with reverse mergers, it involves clean shells that haven't filed for bankruptcy....this is not the case...you really think these are new shares already? Why are they on the pinks when the application was for the otcbb?
I have no idea why the company did the merger with a bankrupt company, but maybe its still cheaper for them this way- they get into the public arena and what was Tripath is meaningless to them...they just want their otc bb shares.
This isn't normal RM though - this is bankruptcy...so tripath cancels their shares, and the new company issues new shares - that statement I posted stated that hasn't happened yet - these aren't Etelos shares. Don't wish anyone to be bagholders, but I don't see any other way around that - seems pretty clear shares are still to be cancelled even though the merge closed yesterday. Hey, u never know thou...
read...think this is the key here:
<<In connection with the merger, a market maker has filed an application to have our common stock quoted on the OTC Bulletin Board, which is pending as of April 22, 2008. The shares of Etelos, Incorporated have been privately held and never traded publicly. We cannot give any assurances as to when, if ever, our common stock will be quoted on the OTC Bulletin Board.>>
These aren't Etelos shares....I'm not 100% convinced, but certainly seems right - you aren't just going to get new shares handed to you, that's not how reorgs work....a little different here with a RM involved, but I wouldn't count on it.
I even have to admit, the wording is getting tricky..but then you read this:
<<In connection with the merger, a market maker has filed an application to have our common stock quoted on the OTC Bulletin Board, which is pending as of April 22, 2008. The shares of Etelos, Incorporated have been privately held and never traded publicly. We cannot give any assurances as to when, if ever, our common stock will be quoted on the OTC Bulletin Board.>>
for one, they say OTC BB...for two, you really think miraculously, all this got settled overnight and is good to go today?
I was 99.9% sure these are worthless share, now I'm 98% sure...lol...for a few $100, worth a gamble, but so is $200 on red on the roulette...pretty much same gamble
exactly...common shares are essentially a debt on the company - if they go private, they have to buy back all the shares...that comes out of their pocket..thus debt/obligation....
well, i wish you luck, but I'd like to see an example - the new shares won't be trading at a penny, so where in the filing does it say anything about a reverse split on the old. I think you are wishful thinking as I don't see where in the 8k it possibly implies the old shares are worth something
(iv) any instrument evidencing or creating any indebtedness or obligation of the Debtor
.....not spelled out in black and white per se, but I've seen plenty of re-orgs and they all issue new shares, it's not wise to think otherwise...unless you can find something that clearly stated in the 8k that old shares will be converted in new, but I sure didn't see that read....
TRPH - no..reorgs - old shares are always cancelled with new shares set at a higher trading price - always the case in bankruptcy - here from the 8k
6.7. Cancellation of Instruments and Stock . On the Effective Date, other than the New Common Stock, (i) the Debentures, (ii) all Interests in the Debtor; (iii) any and all stock options (including, but not limited to, all stock options granted to the Debtor’s employees); (iv) any and all warrants; and (iv) any instrument evidencing or creating any indebtedness or obligation of the Debtor, except such instruments that are issued under the Plan, shall be cancelled and extinguished. Additionally, as of the Effective Date, all Interests in the Debtor, and any and all warrants, options, rights or interests with respect to equity interest in the Debtor that have been authorized to be issued but that have not been issued shall be deemed cancelled and extinguished without any further action of any party.
everyone is hitting a 20 on blackjack...gotta like them odds
TRPH...yikes...I've seen everything now - panic buying of worthless stock - no, you don't even get new shares!
<<Each share of Tripath common stock immediately before the effective time will be cancelled and extinguished and no payment or other consideration will be made with respect to those shares.>>
Hope people get their in and out and make good $$ before it collapses. GL
SGL.to buyout news was the ticket
BJGL (0.55) - some bigger blocks coming, worth 4x current value on fundamentals (FWIW) as I'd anticipate 16-18m net this year...check earnings last night. Recent RM, unknown really until today.
BJGL - ridiculous cheap new stock off RM up 57% so far - 86m revenue, 13.5m net income? Only 0.55??? Definitely worth a look - otc, not pink!
Beijing Logistic, Inc. Announces Strong Year-End 2007 Financial Results
Wednesday April 16, 4:30 pm ET
-- 2007 Revenues Increased 51.8% to $85.9 million
-- 2007 Net Income Increased 41.7% to $13.5 million
-- 2007 EPS reached $0.14 per diluted share
NEW YORK & BEIJING--(BUSINESS WIRE)--Beijing Logistic, Inc. (the "Company") (OTC Bulletin Board: BJGL - News), one of China’s largest third-party logistics providers, specializing in books & magazines, agricultural products and Chinese traditional medicine storage and shipping, today announced operating results for year-end 2007.
2007 Full Year Highlights
Net revenues for the full year 2007 increased 51.8% to $85.9 million compared to $56.6 million for the full year 2006:
The major contribution of this growth was the expansion of our books logistics business. In 2007, revenues from books and magazines logistics management increased 66.8% from 2006, to approximately $51.9 million USD.
Ms. Zhang, Chief Executive Officer of Beijing Logistic, explained, “The growth was due to our continued focus on expanding warehouse service offerings as a third party logistics trustee company to the publishing Industry. We built new distribution centers in large cities to organize and manage inventory for many publishers, and as a result, we earned profit not just from book and magazine shipping, but also from the management service in the warehouse. We diversified services, and improved efficiency in order to satisfy the requirement of different clients, and the client base in the publishing business segment has increased.”
In addition, the revenues from the agricultural products and traditional medicine business segments also increased 34.4% and 38.5%, reaching $19.6 million USD and $13.9 million USD, respectively from 2006 to 2007.
Gross profit for 2007 was $20.16 million USD, or 23.47% of net sales, as compared $14.15 million USD, or 25% of net sales in 2006:
Gross Profit increased approximately $6.01 million USD due to higher revenues, however, gross margin decreased 1.53% due to the following: relatively higher increase of our cost of revenues: $64,186,115 USD in fiscal 2007 (or 74.7% of net revenues), an increase of $22,917,948 USD (or approximately 55.5%) over the cost of revenues in fiscal 2006; higher salaries and benefits; higher fuel costs, and professional fees related to going public in the United States.
Full year 2007 net income was $13.5 million USD, an increase of approximately $3.9 million USD, or 41.7%, from the full year 2006.
Working capital was $11,552,857 USD as of December 31, 2007.
Cash and cash equivalents were $13,755,350 USD as of December 31, 2007, and current assets totaled $15,027,321 USD as of December 31, 2007. Total current liabilities were $3,474,464 USD as of December 31, 2007. During 2007, the Company generated $15.6 million USD in cash from operations, an increase of approximately $4.8 million USD over the 2006 level, which reflected the increase in revenue in 2007.
Ms. Zhang Yu, Chief Executive Officer of Beijing Logistic summarized, "2007 was a notable year for Beijing Logistic, we were striving to become the largest book logistics company in China, the highest ranked third-party logistics company, and the most renowned logistics company.”
“About the future”, she continued, “for 2008, our economic activity is expected to continue to expand with a moderate pace. As a result, we expect our revenue trends to moderate in 2008, with growth driven by books and magazine logistics management. In order to support long-term volume growth, we expect to open additional distribution centers in China, launch new warehouses, and improve our warehouse storage volume and operational functionality to plan, receive, process, and invoice activities.”
About Beijing Logistic, Inc
Beijing Logistic, Inc. conducts business in China through its operational subsidiary-Beijing Baolong Logistics, Co. Ltd. It is one of China’s largest third-party logistics providers, specializing in Books & Magazines, agricultural products and Chinese traditional medicine storage and shipping. It provides full-service, client-specific solutions to clients in the industry above, combining the flows of goods, information, and funds. For more company information, please visit its website:
BJGL - agreed, this is undiscovered with 13.5m net, 14c eps, fair value over $1 and that only gives it a 7PE.
BJGL - now up 43%, getting some notice
BJGL - ridiculous cheap new stock off RM - 86m revenue, 13.5m net income? Only 0.40??? Definitely worth a look - otc, not pink!
Beijing Logistic, Inc. Announces Strong Year-End 2007 Financial Results
Wednesday April 16, 4:30 pm ET
-- 2007 Revenues Increased 51.8% to $85.9 million
-- 2007 Net Income Increased 41.7% to $13.5 million
-- 2007 EPS reached $0.14 per diluted share
NEW YORK & BEIJING--(BUSINESS WIRE)--Beijing Logistic, Inc. (the "Company") (OTC Bulletin Board: BJGL - News), one of China’s largest third-party logistics providers, specializing in books & magazines, agricultural products and Chinese traditional medicine storage and shipping, today announced operating results for year-end 2007.
2007 Full Year Highlights
Net revenues for the full year 2007 increased 51.8% to $85.9 million compared to $56.6 million for the full year 2006:
The major contribution of this growth was the expansion of our books logistics business. In 2007, revenues from books and magazines logistics management increased 66.8% from 2006, to approximately $51.9 million USD.
Ms. Zhang, Chief Executive Officer of Beijing Logistic, explained, “The growth was due to our continued focus on expanding warehouse service offerings as a third party logistics trustee company to the publishing Industry. We built new distribution centers in large cities to organize and manage inventory for many publishers, and as a result, we earned profit not just from book and magazine shipping, but also from the management service in the warehouse. We diversified services, and improved efficiency in order to satisfy the requirement of different clients, and the client base in the publishing business segment has increased.”
In addition, the revenues from the agricultural products and traditional medicine business segments also increased 34.4% and 38.5%, reaching $19.6 million USD and $13.9 million USD, respectively from 2006 to 2007.
Gross profit for 2007 was $20.16 million USD, or 23.47% of net sales, as compared $14.15 million USD, or 25% of net sales in 2006:
Gross Profit increased approximately $6.01 million USD due to higher revenues, however, gross margin decreased 1.53% due to the following: relatively higher increase of our cost of revenues: $64,186,115 USD in fiscal 2007 (or 74.7% of net revenues), an increase of $22,917,948 USD (or approximately 55.5%) over the cost of revenues in fiscal 2006; higher salaries and benefits; higher fuel costs, and professional fees related to going public in the United States.
Full year 2007 net income was $13.5 million USD, an increase of approximately $3.9 million USD, or 41.7%, from the full year 2006.
Working capital was $11,552,857 USD as of December 31, 2007.
Cash and cash equivalents were $13,755,350 USD as of December 31, 2007, and current assets totaled $15,027,321 USD as of December 31, 2007. Total current liabilities were $3,474,464 USD as of December 31, 2007. During 2007, the Company generated $15.6 million USD in cash from operations, an increase of approximately $4.8 million USD over the 2006 level, which reflected the increase in revenue in 2007.
Ms. Zhang Yu, Chief Executive Officer of Beijing Logistic summarized, "2007 was a notable year for Beijing Logistic, we were striving to become the largest book logistics company in China, the highest ranked third-party logistics company, and the most renowned logistics company.”
“About the future”, she continued, “for 2008, our economic activity is expected to continue to expand with a moderate pace. As a result, we expect our revenue trends to moderate in 2008, with growth driven by books and magazine logistics management. In order to support long-term volume growth, we expect to open additional distribution centers in China, launch new warehouses, and improve our warehouse storage volume and operational functionality to plan, receive, process, and invoice activities.”
About Beijing Logistic, Inc
Beijing Logistic, Inc. conducts business in China through its operational subsidiary-Beijing Baolong Logistics, Co. Ltd. It is one of China’s largest third-party logistics providers, specializing in Books & Magazines, agricultural products and Chinese traditional medicine storage and shipping. It provides full-service, client-specific solutions to clients in the industry above, combining the flows of goods, information, and funds. For more company information, please visit its website:
BJGL - ridiculous cheap new stock off RM - 86m revenue, 13.5m net income? Only 0.40??? Definitely worth a look.
Beijing Logistic, Inc. Announces Strong Year-End 2007 Financial Results
Wednesday April 16, 4:30 pm ET
-- 2007 Revenues Increased 51.8% to $85.9 million
-- 2007 Net Income Increased 41.7% to $13.5 million
-- 2007 EPS reached $0.14 per diluted share
NEW YORK & BEIJING--(BUSINESS WIRE)--Beijing Logistic, Inc. (the "Company") (OTC Bulletin Board: BJGL - News), one of China’s largest third-party logistics providers, specializing in books & magazines, agricultural products and Chinese traditional medicine storage and shipping, today announced operating results for year-end 2007.
2007 Full Year Highlights
Net revenues for the full year 2007 increased 51.8% to $85.9 million compared to $56.6 million for the full year 2006:
The major contribution of this growth was the expansion of our books logistics business. In 2007, revenues from books and magazines logistics management increased 66.8% from 2006, to approximately $51.9 million USD.
Ms. Zhang, Chief Executive Officer of Beijing Logistic, explained, “The growth was due to our continued focus on expanding warehouse service offerings as a third party logistics trustee company to the publishing Industry. We built new distribution centers in large cities to organize and manage inventory for many publishers, and as a result, we earned profit not just from book and magazine shipping, but also from the management service in the warehouse. We diversified services, and improved efficiency in order to satisfy the requirement of different clients, and the client base in the publishing business segment has increased.”
In addition, the revenues from the agricultural products and traditional medicine business segments also increased 34.4% and 38.5%, reaching $19.6 million USD and $13.9 million USD, respectively from 2006 to 2007.
Gross profit for 2007 was $20.16 million USD, or 23.47% of net sales, as compared $14.15 million USD, or 25% of net sales in 2006:
Gross Profit increased approximately $6.01 million USD due to higher revenues, however, gross margin decreased 1.53% due to the following: relatively higher increase of our cost of revenues: $64,186,115 USD in fiscal 2007 (or 74.7% of net revenues), an increase of $22,917,948 USD (or approximately 55.5%) over the cost of revenues in fiscal 2006; higher salaries and benefits; higher fuel costs, and professional fees related to going public in the United States.
Full year 2007 net income was $13.5 million USD, an increase of approximately $3.9 million USD, or 41.7%, from the full year 2006.
Working capital was $11,552,857 USD as of December 31, 2007.
Cash and cash equivalents were $13,755,350 USD as of December 31, 2007, and current assets totaled $15,027,321 USD as of December 31, 2007. Total current liabilities were $3,474,464 USD as of December 31, 2007. During 2007, the Company generated $15.6 million USD in cash from operations, an increase of approximately $4.8 million USD over the 2006 level, which reflected the increase in revenue in 2007.
Ms. Zhang Yu, Chief Executive Officer of Beijing Logistic summarized, "2007 was a notable year for Beijing Logistic, we were striving to become the largest book logistics company in China, the highest ranked third-party logistics company, and the most renowned logistics company.”
“About the future”, she continued, “for 2008, our economic activity is expected to continue to expand with a moderate pace. As a result, we expect our revenue trends to moderate in 2008, with growth driven by books and magazine logistics management. In order to support long-term volume growth, we expect to open additional distribution centers in China, launch new warehouses, and improve our warehouse storage volume and operational functionality to plan, receive, process, and invoice activities.”
About Beijing Logistic, Inc
Beijing Logistic, Inc. conducts business in China through its operational subsidiary-Beijing Baolong Logistics, Co. Ltd. It is one of China’s largest third-party logistics providers, specializing in Books & Magazines, agricultural products and Chinese traditional medicine storage and shipping. It provides full-service, client-specific solutions to clients in the industry above, combining the flows of goods, information, and funds. For more company information, please visit its website: