At this point I am prepared to take $-0- or $12 for my wkbt shares.

As I said earlier my cash level is 90% with no more than 10% alloted for return to this sector.

Until this year I made a lot of money playing this sector of China stocks & I don't intend to give it all back.

I do believe in investing where the best growth is available but at 74 years of age I don't believe the China r/merger arena allows me enough time considering my age to make a rational judgement of where "true"growth is occuring considering the fear factor that now prevails.

And even if one finds "true" growth in the above mentioned arena will U.S. investors & the Chinese companies that prey upon them allow for that stock to attain a fair value.

The longterm reason for buying stocks is dividends & China r/mergers "real" or otherwise have already failed investors on that account currently & will probably continue to do so as time goes by.

The SEC has a responsibility to small investors but has failed us in the past & its my guess they will continue to do so.

As these r/mergers that are frauds get weeded out you young whimpersnapper may find some hidden gems in this arena[maybe] but the U.S. &China must do more to protect U.S. investors by allowing money to flow freely between the U.S. & China so that dividends can be paid from capitol surplus.eom

WKBT I don't think RedChip was the one that terminated the agreement.

If they had been the one doing the termination they would owe WKBT a refund,,,for a job poorly done & quiting before the pps reached $-0- [I can't see redchip doing that.]

The WKBT story is not over,imo, but obviously the next move is up to WKBT.

The stock is either worth $-0- or $12 if its legit.

Two directors resigning with one being replaced & a auditor change this close to 1st Q numbers does look suspect that something is up behind the scene.

However the previous auditor did sign off on 2010 numbers & did not quit but was fired so until I see wrong doing I will believe their numbers are as true as any company in this space except for maybe nuin or cpqq which I also hold along with 90% cash.

CPQQ will host its 1stQ cc @ 7am EDT on May17th,2011.

I hope to see stronger revenue gains than in the recent past.

I still hold a small longterm position waiting for improved operating results before adding more.

WKBT now why would a company downgrade auditors just a week before 1stQ numbers are due & after 2 directors resigned.\\

I will continue to hold wkbt at its current depressed pps since I am already 90% cash.

However even with a positive 5 page report on wkbt slated to be released at the [Major Money Show]in LasVegas May10-12th I am not inclined to buy more at this time.

According to poster ja546 on yahoo.

WKBT maybe a good buy but I don't think a downgrading of auditors just a week before 1stQ numbers are due is a positive.

And just after two directors resigned has caused me to put future buying on hold for now until the reason for all these sudden changes becomes clear.

I have raised my cash position to 90% in this space but continue to hold wkbt nuin cpqq jada for now.

According to a post on the Yahoo board by Jack Friedman with alias of ja546 dated[5-07-2011].

At the major money show in LasVegas on May10th thru 12th a 5 page rather positive report on WKBT will be released.

The report expects at least $2.00 cash per share on the balance sheet when March 31 quarter results are released.

Margins which are already outstanding inproved even more in 2010,,,for 2011 I look for about a 30% increase in eps over 2010's fully diluted $0.79 with margins about the same.

While they have been increasing distribution points at a slow steady pace higher margined products have become a bigger part of the product mix.

Unlike most r/merger stocks insiders have made some small purchases & the excellant cash position & strong cashflow should allow NUIN to continue the current pace of new product distribution without dilution to present shareholders.

Margins which are already outstanding inproved even more in 2010,,,for 2011 I look for about a 30% increase in eps over 2010's fully diluted $0.79 with margins about the same.

While they have been increasing distribution points at a slow steady pace higher margined products have become a bigger part of the product mix.

Unlike most r/merger stocks insiders have made some small purchases & the excellant cash position & strong cashflow should allow NUIN to continue the current pace of new product distribution without dilution to present shareholders.

eom

I agree Fernando,

I used the 3 strike rule before I sold & it cost me for waiting so long but at least I got some of my money back.

1] Paying way more for a patent on a "low" margined product than that patent should have cost.[possible kickback money involved]

2] Doing a pp @15% discount when the pps was below $1 when B.V. was much higher & after saying they wouldn't at such a low pps.[investors informed after the fact]

3] With cashflow supposedly coming on stream they announced their intent to do another simular pp with the pps even lower.[ Panicked when the pps suddenly dropped on the announcement]
I believe they will do this pp since their audited numbers were signed off on by a unreliable auditor & thus cashflow numbers cannot be relied on as being stated correctly.


I will not post anymore knocking CKGT but as a "very" longterm holder of CKGT I wanted everyone to know why I changed my opinion.

And still they have not launched ["personnel care products]A product line with not only the highest margins [according to management] but a product they said would be launched 4 years ago.

Personnel care -cigarettes & health drink should be the growth drivers of CKGT now & in the future with animal feed only continued if the patent right could have been bought at a fair price not the price they supposedly paid,,,since that money would have made better sense being spent on the 3 I mentioned.

May 15th & It should be great but like you I wonder if anyone cares.

Yesterday a 1k buy moved the stock up $0.10 telling me this stock has settled into strong hands.

If this stock really gets some strong volume & I believe eventually it will the pps could really take off.

NUIN seems to have a excellant nitche to exploit & the numbers while great seem believable with insiders buying some instead of adding to the float.

When 2010 eps came in at $0.79 instead of the $0.83 I expected due to the past earnings curve eps became more believable to investors.

Look at WKBT they came in with $0.87 eps for 2010 due to many new products being released in the 4th Q,,,But nobody believes their numbers because of the dilution to sharecount preceeding 2010 results that put shares into weak hands.

I agree a 6xeps buyout considering the current price of most r/merger China stocks would offer a nice premium.

As long as that p/e valuation is applied to all.

There use to be a T.V. show,,,I don't remember the comedians name but he had a saying,,,'I'll buy that for a nickle"

It seems to me that with all the fears in r/merger land,,,even stocks like WKBT that have given excellant "audited" results are not going to find any buyer support until everyone that is now throwing in the towel get completely done selling.

Last man out the door gets little & his buyer really gets in cheap.

Presently the pps is down to about 1x forward eps,far below B.V.,less than stated cash with 30-50% forward revenue guidance & 4 new high margin products expected in 2011 & 3 of those should have already been launched late in Q1.

I see this situation as to late to sell but also to early to buy more as long as it continues to make new lows.

However if one is to believe that reputable auditor's signed-off on results then WKBT is the most undervalued stock I have owned since I bought H&R blocks 1st issued shares many moons ago.

I vote for nuin.ob at least the pps & relative strengh are much better than most in the China r/merger space & the growth is excellant & believable.

WKBT continues to make new lows every week in spite giving 2010 audited results & 2011 revenue guidance of a 30-50% increase.

A lot of stocks haven't had auditors sign off on 2010 results yet buyer seem to be putting WKBT in the same category.

I have put my current position on hold without adding since I don't like catching a falling knife.

Something is wrong when a stock is selling below reported cash & @ about 1x what I currently expect 2011 eps to be after a respected auditor has signed off on past results.

Change the board name to "Progressive stocks"that should cover what you & Harley are attempting to do.

Sold my entire position @$0.37 average...SEC will not do their job to protect the small investor or CKGT wouldn't have been allowed to trade in the U.S. to start with...sad but true.

regards,pappy

CKGT has shot themselves in the foot for the last time as far as im concerned.

If the company acts like its a fraud & its auditor can't be trusted,,,then I did right to sell all my shares.

Hey traderfan they even gave me a bit more than $0.30...lol

Hank I sold my position in hfgb last week when it became obvious they would not meet the extended deadline for filing 2010 results,,,heck they haven't even filed amended 2008&09 results.

My loss was very painful but todays pps is over 50% lower than where I sold at last week.

I have made a lot of money in r/merger China but after I get finished getting out of the current mess I got myself in I will have given 25% of that money back.

I will be 74 years old May 1st & have little time left to play any rebounds this fraud filled sector may offer in the future.

Land minds once my specialty seem to have no bottom when the financial numbers cannot be trusted.

Lets see I still have uta & ckgt to deal with that should be some more fun as well. LOL

Traderfan your answer makes my point exactly.

As these Chinese r/mergers continue their foolish ways they look more & more like they will continue this course to self destruct.

With a stated B.V. over $2 how can investors believe the numbers when they are willing to sell shares @$0.50 or less.

I don't believe ckgt to be a complete fraud but they continue to not only shoot themselves in the foot but they seem to think U.S. investors are more foolish than themselves.

Don't China banks have money to loan when a company has assets to backup the loan?

The bids will only continue to get lower as this nonsense continues I think this company will have at least one less fool to shaft tomorrow.

Would you be willing to buy my shares at the current pps.

Lets see ckgt has B.V. of around $2.03 so they plan to help current investors by selling around 3 million shares for about $0.50.

What about a bank loans in China? Instead of giving away shares at 25% of B.V.

My patience is wearing very thin with this amigo as well&it probably needs to join [uta & hfgb] as total POS investments.

I hope to recover some of my loss from nuin & wkbt the only 2 amigos left standing.

But im not holding my breath since I have bad lungs.

Well I guess redchip telling me coverage was coming for WKBT in 2-3 weeks after the analyst return from China was not a statement of truth.

With this I.R. firm WKBT is in sad hands.

Looking forward to 1st Q results & a change of I.R. firms as the CEO of wkbt is to sharp to put up with redchip on a continued basis,imo.

When the filing deadline came & no 2010 audited results were released I reluctantly sold my position.

Without audited results the Q results & forward guidance mean nothing & the pps will continue to drop.

This was my largest position. I will continue to watch how this unfolds as I believe hfgb is a real company but how real have their actual results been.

My 10 amigos for when the new lows stop arriving;

1]nuin[current position]
2]wkbt[current position]
3]ckgt[current position]
4]tpi
5]gcht
6]csgh
7]cpqq[current position]
8]ajgh
9]lzen
10]dhrm

Cash is at 90% currently & would replace one of the above with hfgb if they ever report 2010 'audited'results,,,notice no oils on future list.
I never did very good with oil stocks.

The more you guys buy the more it seems to drop in price.

As long as stocks in this space continue to make new lows my plan is to continue to raise cash by selling stocks that have yet to report 2010 results.

I just took a painful loss on my biggest position hfgb because they still haven't reported annual results.

As it becomes clear to "all"that auditors are getting picky about signing-off on results I would think at some point those that have reported audited 2010 results would start to get some respect[1stQ NUMBERS MAYBE].

Still holding [nuin wkbt ckgt cpqq] with uta & jada yet to get sold.

At some point I may decide to redeploy some cash into the remaining 4 but not until I see them get some respect for the outstanding audited numbers they have had & imo will continue to have.

$0.291 down $0.039 on "big" volume of 125 shares.

Market maker is in full control of the pps as long as this low volume continues.

I don't usually speak favoribly about mm but with the auditor still not signing off on 2010 results can you blame him for not wanting to pay much for shares without someone else willing to buy as well.

I am still holding my position here as i believe hfgb is not a fraud & has great growth prospects with a top 10 auditor.

However at this point I am not putting anymore of my 60% cash into this space until I see the audited numbers & a positive volume spike to the upside letting me know other investors also believe hfgb is legit.

UTA & HFGB 2 of my 5 amigos for 2011 in limbo, however the other 3 [wkbt nuin ckgt] have released 2010 "audited" results but you wouldn't know it by looking at the pps since they reported some outstanding results.

Making me even more willing to keep remaining cash on the sidelines.

What is the current disposition concerning getting a auditor?

I hear some have called & received the answer that its business as usual,,,however they didn't mention that jada will soon become a non-reporting pinky.

With no auditor & no reporting who will verify JADA actually exists[A phone call to China & business as usual.]

I am really tired of the crap these China r/mergers put out & wish the SEC would step in & protect investors from any future issued stock in this type crapshoot.

The list of frauds, non-reporting & trading halts is growing lets continue to let the remaining stocks trade while the U.S. gets together with China on a way to protect investors from the disrespect a lot of r/merger companies like jada have shown U.S. investors after supposedly selling them a share of the company.

China should be forced to do its part in protecting U.S. investors if they want U.S. capitol & the U.S. needs to be more forceful in expecting that protection is available.

ckgt also has a full & extensive line of H&B aids that would be very beneficial to margins.

It seems current growth is doing just fine with cigarettes,health drinks & animal feeds leading the way.

Cigarettes the current product with the best margins is expected to provide 20% of total 2011 revenue & will probably have most cashflow spent in that direction.

I believe H&B aids will be the next & "best" avenue of future growth.

It appears CKGT now has the distribution network in place to support the launch of H&B aids but cashflow is not yet available.

They have signed a agreement with a Taiwan company to co-develop & launch H&B aids. [The success of that venture should be watched closely]imo

The pps of HFGB just dropped below $0.30 on a 125 share trade.

The mm is in full control of the pps until serious buying volume reappears & with 2010 results still delayed that not likely.

Yes =hALTED PENDING NEWS.

Steven,

I just re-read the press release & stand corrected 20% revenue from cigarettes in 2011 is the stated goal.

Wow! That would surely impact eps in a very positive way as overall margins will get a big upward boost from cigarette sales & health drinks another big sales growth area have good margins as well.

Why they spent so much on animal feed patents remains a mystery as those margins are a drag on cactus use.[better spent on H&B aids]LOL

Researcher & traderfan,

You both make a good point[No stock buybacks & No one seems to be interested in acquiring the stocks.

The ability to get money made in China out of China is also a concern for the stocks even being able to pay a dividend[The main reason for investing]

I am not sure how easy it is for them to use China made cash to do buybacks as well but until China corrects this problem they should be limited from raising capitol in this country.

I do believe China stocks have the option of taking a legitimate company private & I have a problem with that as well [since the price maybe non-negotiable.]

In the meantime shorts are having a field day at long investors expense & will continue to do so until it is no longer profitable to do so.

Those shorts could then be part of the next advance since they have been helping weed out the frauds they should know the ones left are real companies that should only have [a China discount]& not the current pps.

Make that 10% of total revenues in 2011 expected to come from cigarettes in 2011.[As stated by management in a press release]

As you know updates & answers from I.R. are very slow to come [if at all] & the english website for CKGT still has a virus[which I.R. was informed of over a year ago.]

So I sit & wait for 1st Q results with the hope a little life will reappear in the pps as this endless downward spiral in China stocks ends only after most throw in the towel after the frauds are weeded out& shorting is no longer profitable causing them to become longs once more .[Who knows when that will occur] But with current valuations how far can the bottom be?

I hope like I you have a good supply of cash for when the trend is our friend in this space once more.

I made the mistake of putting 40% of my available cash into mostly my 5 amigos for 2011[ WKBT UTA NUIN HFGB & CKGT] The other 60% will not fight a losing trend even though I believe my 5 amigos are severely undervalued with 2 in deep limbo because they have yet to report 2010 "audited" results.

In the current enviroment not sure guidance would help.

Look @ the pps of WKBT after saying they expect 30-50% revenue growth in 2011 & they have a good auditor signing off + over $50 million in cash with cash per share higher than the current share price & on the ground coverage expected from Redchip in the next couple of weeks.

I don't know what it will take to "keep" stocks like CKGT & WKBT moving in the right direction since both are very unlikely to be frauds & have already given strong audited results in 2010.

Both have also indicated that 2011 will be strong remember CKGT said they expect strong growth to continue from both animal feed & health drinks with cigarettes growing to 10% of total revenue with 4th Q revenue showing 10% of total revenue had already been realized in the most recent reported Q.

ckgt now selling @ about 1/3rd its B.V. with strong growing cashflow,,, but the overall flow of funds out of China stocks seems to be continuing while the market for overvalued U.S. stocks continue up & overpriced.imo

While Wang[Weili] THE ceo OF wkbt has 22.93M shares according to AOL information he is not the only holder with over 1 million shares.

Opus Holdings Three,L.P. holds 1.18m shares & thats a lot for a stock not yet listed on a major exchange.

I don't no how WKBT plans to get the pps up to the price required for listing but the potential for more Institutional interest once listed for such as fast growing company with thoughts of expanding thru acquisitions once listed is a strong consideration for WKBT management.

Sorry for all the double post.

I thought these to be private messages.

Cut me some slack 74 on Mayday.LOL

pAPPY OVER TO YOU GUY[Done posting today]I think

Tika, I agree,

However I remain 60% cash because while the cleaning of the space is proceeding quite well [painfull I know] the overall market is overbought & in need of a 10% correction.

After the market corrects I see big gains from this space we are talking about being very cheap right now.

Gary-Again thanks...


pappy