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CNEH - bigpike, we could start with what the CNEH rep told you on 11/20/07 and I quote'
CNEH--I just got done speaking with a rep at NY office. They are aware that two new market makers have shown up and appear to be shorting. He obviously could not go into details, but he said there are no problems with the company.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=24696047
When I read that post in real time, I thought to myself how much that sounds like typical pinksheet BS. Looking at the facts today, pinksheets.com proves that CNEH rep was completely full of it. The 148K shorts at 10/31 are hardly worth mentioning and this CNEH rep had the facts backwards as the only short trading, on or about 11/20, was in the form of buying/covering.
Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Jan 15, 2008 8,318 -52.19 267,905 1.00 No No
Dec 31, 2007 17,398 -35.89 174,600 1.00 No No
Dec 14, 2007 27,139 -1.43 110,067 1.00 No No
Nov 30, 2007 27,533 -47.39 378,286 1.00 No No
Nov 15, 2007 52,334 -64.58 163,264 1.00 No No
Oct 31, 2007 147,750 2.51 755,217 1.00 No No
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cneh
What the CNEH rep failed to mention were the 300K consultant shares given away on 10/9/2007 at $1 when the pps was at $4. This 300K consultant giveaway was also unknown until CNEH slipped it deep into a 3/3/08 8-K filing some 5 months later.
Pursuant to the Consulting Agreement dated as of October 9, 2007 by and between Chris Wenbing Wang and the Company, Chris Wenbing Wang is entitled to warrants to purchase up to 100,000 shares of common stock at the per share exercise price of $1.00 and 200,000 shares of common stock at the per share exercise price of $1.20. The shares underlying such warrants are entitled to the same registration rights as the registration rights granted to any investors in an equity or debt financing of the Company.
So NO ONE was shorting at 11/20/2007. Exactly the opposite as any shorts were covering while undoubtedly this consultant must have been selling those 300K giveaway shares on or around 11/20/2007 at a $2 or $3 profit. You keep trusting full of BS insiders and rep pumpers like one will find at CNEH, I don't.
The only negative is that the contests are about STOCK picking
Shouldn't stock picking include short positions on an equal basis with long positions? I know very little about ETF's.
I would enter at your request for the good of the contest. Without shorts and only liking one stock that fits the .25 minimum maybe I could add 5 MSFT's and DELL's for my 6 choices? Not indicative of my real stock approach but possible I could win by default by losing less.
jmo
wade, for myself and I assume most VMC'ers, the past 5 years have been good to value players but the playing field has changed dramatically, both fundamentally and technically.
A simple peek at FNM, a darling financial 5 years ago, should provide all the (bear) evidence one needs. A bull might say what a great bottom to buy FNM in weakness but that bull would be a fool.
Small traders getting trapped in a CXTI type scam stock is one thing. FRE and FNM have trapped the elite prudent traders, negative implications forthcoming from this debacle for months, possibly years.
I'm sure you've mentioned it before, but what are your favorite short picks that still might have a ways to fall (well...I think you'd tell me that they all will fall to $0, but are there any that are more transparent or "fishy" than the others that still command a decent market cap)?
Great question. Keeping in mind that even if any of my china r/m scam theories are correct, one still would have to trade them correctly and that is difficult in any approach. Buying puts are even more tricky because come expiration day, all fundamentals get thrown out the window.
I've posted some dd here at VMC on some of the china r/m's. CSR is one I hold puts in now and see it falling more. CSR's original funder is the same funder with CXTI. Long term I am in no hurry. I see scores of more CXTI type nosedives in the china r/m sector and just trying to be on the right side of that trend I see.
HOLI - I don't like because it's another Richard Propper play that can only be trusted to abuse dilution as with all his other distribution scams.
Past ETF standing for exchange traded fund (?), I have no more study on ETF than that. Are there any china ETF's one could take a short position? Or any ETF's that include FRE and FNM?
lentinman, I am too bearish to pick 6 long stocks. I remember back pre March 2000 everyone was laughing one could throw darts but after March 2000 one could still throw darts if they wisely switched to the short side.
I can't remember the broad markets ever looking this illegitimate. Knowing my suspicions of so many china r/m stocks now we have FRE and FNM, two major domestic stocks, leading the scams-are-us charge. They (Paulson etc.) painted those pigs with all that baloney last weekend and there will be worse and worse news upcoming shortly and with even broader implications.
With any six picks of mine, I would pick FRE and FNM shorted down to zero pps with the first two picks. Two 99% sure things. How both FRE and FNM are still hovering at .70 pps on large volume boggles the mind. Then I'd follow FRE and FNM short with shorting 4 of the scammiest china r/m's for picks 2 through 6.
I do still like long positions BWMG, BPTR, and SYTE but would advise anyone buying them to be prepared to hold for a very long time. Within the past few months, I've completely re-adjusted my stocks game plan to buying puts in the china r/m scam sector.
CNEH Could this be a scam or something?
I would pose the opposite question? Is there any possibility that CNEH is not a scam?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31978442
wade, reading your posts I want to make one suggestion with reference to exit strategies. Even in a bull market, all of us will make some errors in judgement. In a bear market those errors get intensified. Any successful trading approach in bull or bear markets must include some exit strategies and in every stock. Holding on for dear life (especially in a bear) is recipe for disaster.
CDS
"Furthermore, management is presently unaware of any significant fundamental changes in its business operations."
Could CDS management be any more full of it? The distribution abuse is off the charts with so many of these china r/m's. Isn't blatant distribution abuse also a "fundamental change in operations"? Apparently CDS management does not think so as they claim to be "unaware"?
"At November 14, 2006 there were 10,997,183 shares of common stock were issued and outstanding."
"Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. 23,503,916 shares of common stock are issued and outstanding as of August 7, 2008."
Both are destined for .0001. The wiser shorts will know this and not be compelled to cover.
What about upcoming shareholder lawsuits? Who will the common bagholders sue? Paulson, the Fed, the two incompetent and grossly overpaid CEO's? Likely all 3 of those and more I haven't thought of yet?
CNEH - are you aware that Terry Cook facilitated 3 china reverse/merges? CXTI, CGRH, and CNEH. Where there's smoke, there's fire.
UTVG is the only china r/m still trading above $1 more scammy than CNEH.
jmo
UTVG 8-K -
"4. COVENANTS .
(d) Use of Proceeds .
The Company agrees that the public relations and investor relations campaign shall include a "retail component" involving the use of direct mail to assist in the repositioning of the Company in the minds of the general public."
Repositioned mind control pump & dump? lol
Investment Hunter, LLC 1048 Texan Trail, Grapevine, TX 76051
645,161 322,581 $ 1,000,000
One of these new UTVG "investors" (using that term very loosely) ties to GRH. Is anyone here watching GRH? Looks like an ideal pump & dump short oppurtunity.
CHGY
Whenever an IR tells you it's a buying oppurtunity, I've found the best response to be, "So how many are you selling?"
lol
UTVG
"the Company issued and sold to Investors approximately 4.8 million shares of the Company's common stock at a purchase price of $1.55 per share"
"The securities issued in the PIPE have not been registered under the Securities Act of 1933, as amended, and may not be sold by the investor in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements. The Company has agreed to file a registration statement covering the re-sale of the securities by the investor."
Same BS as before from UTVG on the previous $2 shares hype that never got registered/materialized? This pr would have us all believe these new 4.8M shares ARE SOLD but they are not until the registration is formalized with the SEC. Nice little pump piece after bailing out the non-disclosing insider and his 5M limbo shares at .95. These are the exact same funders that bailed the insider out now following up with this BS. THEY WILL BE SELLING THOSE 5M SHARES THEY TOOK @ .95.
Every UTVG holder has read the recent 8-K details in it's entirety I presume? When does this china scam BS stop, if ever?
Do uplistings add legitimacy to china r/m's? An eye opener for me was from the AOB 10-K Filing -
"Professional fees for 2007 decreased by $782,048, or 36% as compared to 2006 as a result of a decrease in our use of legal and accounting services in connection with the listing of our stock on the New York Stock Exchange, such additional services were not used during 2007;"
That's a tidy sum just to move from Naz to NYSE? Who received that $782K for the AOB NYSE uplisting? Lawyers, Accountants, Hedge Funders? While each was benefiting some $250K, were any truly concerned if AOB was a complete scam? Worse yet, was the NYSE concerned at all with AOB's shady past?
What China stock bubble?...
The Sept./Oct./2007 China stock bubble. Reminiscent of so many china r/m scam charts.
I haven't looked at LFC. I do know GSI and AOB both made it to the NYSE and both resemble the worst of pinksheet scams in their early histories.
Long term my perspective is to view a china sector collapse relative to the dot.com collapse. All the scammy pet.com's toppled and within time all the legitimate plays got taken down too, MSFT, DELL, AMZN, YHOO, etc. So I see the same for the china r/m scam sector.
No one can argue that there are 1000's of legitimate businesses in China and China is undoubtedly growing so there must be some legitimate china play out there somewhere but the scamming going on in most of these china r/m stocks is very clear and getting clearer.
I'll be more or less looking at the Chinese NYSE listed "blue-chips" (it's probably a good time to start DD'ing those for the coming future bargains,but be patient, we have more damage ahead.)...
...and NOT the totally scam ridden OTC BB companies that so many seem to like on the Motherboard.
Those OTC BB scams will blow up "spectacularly" sooner or later in my opinion(and many completely go POOOF....dissapeared!)....probably signaling the bottom of the Chinese historic bear market(?) in grand fashion.
It could be several possible catalysts(???) that bring on the Chinese capitulation I see coming.
Good post. I also see more damage ahead for the china "blue-chip" sector as it will get drawn down by the totally scam ridden OTC BB companies that so many seem to like on the Motherboard.
AAGH - "The number of shares of registrant's common stock outstanding as of 12/31/06 was 54,862,000. As of 4/11/07, the number of shares of registrant’s common stock outstanding was 81,362,000."
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=aagh
AAGH is a dilution scam, littlejohn, and has been for years. What is the O/S today 135M or so? When the insider tells you everything is coming up roses while SELLING, something is wrong.
I'm off to a wedding for the weekend, we can dd AAGH more thoroughly next week if you want. Good weekend all.
BPTR - someone buying / pushing the seller out perhaps? I'm still just low bidding in any add-on to my current position. The value numbers (today) are phenomenal although it still carries some past negative baggage.
Two things that separate BPTR from a CNOA, imo. CNOA is still a falling knife chart while BPTR is a long term baseout, all sharp knives sold and accounted for in BPTR. BPTR is not a china r/m scammiest of all sectors stock.
Also of note in the CNOA chart is that all too familiar early pps propping manipulation on minimal volume so characteristic of most china r/m's.
AAGH is the old Bonus America. One I happen to remember as a big fat dilution scam. The signs of pump and dump are written all over the AAGH long term chart:
To verify what is seen in that chart, I go back to the filings that co-incide with the extreme spikes and dips in that chart.
enter the chinese players getting gimme shares at .10 while the closed game insiders of this Kubla Khan worthless shell are jacking the pps up to $3 and $4.
Especially in the issues CHFI owns and all across the china r/m sector, one will see that similar chart formation, propped pps on minimal volume. Insiders propping pps's is NOT uncommon although not talked about much. One might ask, "Well aren't they really sticking their necks out there if the SEC catches them?"
Not hardly.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20692 / August 28, 2008
The Commission's complaint, filed against a total of eight defendants on August 11, 2004, alleged that the defendants participated in a scheme to manipulate and inflate the price of CTT stock from at least July 1998 to June 2001. The complaint alleged that the defendants artificially raised and maintained the price of CTT's stock and created a false or misleading appearance with respect to the market for CTT stock through manipulative practices such as placing buy orders at or near the close of the market in order to inflate the reported closing price ("marking the close"), placing successive buy orders in small amounts at increasing prices ("painting the tape"), and using accounts they controlled or serviced to place pre-arranged buy and sell orders in virtually identical amounts (placing "matched trades").
Court Imposes $10,000 Civil Penalty
http://www.sec.gov/litigation/litreleases/2008/lr20692.htm
Way to really slap their wrists hard, SEC?
CHFI - the first filing is dated 9/19/2000. Not much of interest, 3 individuals in Utah filing an SB-2 to uplist a shell corp named Kubla Khan, Inc. except for one peculiar item. The address they list is a motel room (Candlewood Suites). I am crying laughing. I've heard of scams with no address before but never a motel room "Suite" for a publically traded corporation. Google the address and phone number right down to the "6315 ext." for Suite #315. ROFL
Our principal executive offices are located at 6990 South Park Centre Drive, Suite 315, Salt Lake City, Utah 84121. Our telephone number is (801)567-0111 ext. 6315.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=574039
Then in late 2004 enter the chinese players getting gimme shares at .10 while the closed game insiders of this Kubla Khan worthless shell are jacking the pps up to $3 and $4.
Reading the most recent filings gets very interesting. First the two loans are bogus, imo. These type entries often get cancelled years later as bad debt while the (insider) loanee hauls off with the cash.
Loans Receivable - 30.67%
Fujian ZangTianYua - 5.44%
(6.48%, due on May 22, 2008) 2,856,000
Shenzhen HuaYinTong Electronics - 25.23%
(9.00%, due on October 15, 2008) 13,250,488
Second, the stocks CHFI owns read like a who's who of china r/m scams and wantobe scams.
(1) The 5,619,124 shares of BJGL represent approximately a 6% interest in the issued and outstanding common shares of BJGL as of March 31, 2008. The BJGL shares were received as payment for surety guarantee services provided for BJGL’s October 19, 2007 merger transaction with China Baolong Logistic Limited. The closing price of the BJGL shares was $0.75 per share on October 19, 2007. As of March 31, 2008, the market value of unrestricted shares of BJGL was $0.15 per share, and the Company’s board determined the fair value of its shares of BJGL to be $0.15 per share.
(2) The 2,901,588 shares of CNAG represent approximately a 3.63% interest in the issued and outstanding common shares of CNAG as of March 31, 2008. A portion (2,251,621) of the CNAG shares were received as payment for surety guarantee services provided for CNAG’s August 10, 2007 merger transaction with China 9D Decoration Group Limited. The closing price of the CNAG shares was $0.51 per share on August 10, 2007. On October 17, 2007, the Company received an additional 649,967 shares of CNAG as payment of a promissory note for $974,950 owed to the Company from CNAG as payment for the original surety guarantee services the Company provided. As of March 31, 2008, the market value of unrestricted shares of CNAG was $0.026 per share, and the Company’s board determined the fair value of its shares of CNAG to be $0.026 per share.
(3) The 13,022,100 shares of JADG represent approximately a 5.43% interest in the issued and outstanding common shares of JADG as of March 31, 2008. A portion (4,340,700) of the JADG shares were received as payment for surety guarantee services provided for JADG’s October 2, 2007 merger transaction with Guoxi Holding Limited. The closing price of the JADG shares was $1.00 per share on October 2, 2007. On December 28, 2007, the Company received an additional 8,681,400 shares of JADG due to a three-for-one forward stock split of JADG. As of March 31, 2008, the market value of unrestricted shares of JADG was $1.25 per share, and the Company’s board determined the fair value of its shares of JADG to be $1.25 per share.
(4) The 1,877,525 shares of OPAI represent approximately a 4.68% interest in the issued and outstanding common shares of OPAI as of March 31, 2008. The OPAI shares were received as payment for surety guarantee services provided for OPAI’s October 29, 2007 merger transaction with Dongfang Zhiye Holding Limited. The closing price of the OPAI shares was $0.75 per share on October 29, 2007. As of March 31, 2008, the market value of unrestricted shares of OPAI was $0.25 per share, and the Company’s board determined the fair value of its shares of OPAI to be $0.25 per share.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5963118
abh3vt, I agree with you this recent CHFI run reeks of inside pps manipulation. Possibly a last gasp maneuver before lights out?
Thanks len and Mike for the chart link upload lessons. Really very easy.
lol, kozuh can get animated.
Is there any easy way to post a bigcharts link like you did? I went to the help pages here and still couldn't figure it out?
tia
It doesn't make sense, does it?
3 Based on 26,754,662 shares of common stock issued and outstanding on December 31, 2007 and assuming the exercise of 4,132,734 outstanding warrants and the conversion of the 250,000 shares of Series A Preferred Stock into 40,131,993 shares of common stock, there would be 71,019,389 shares outstanding.
The shares are convertible into 60% of the issued and outstanding common stock of the Company, any time after August 31, 2007.
Multiplying 26,754,662 common stock x the 60% dilution clause factor does not equal 40,131,993 shares as listed.
So your guess is as good as mine. Assuming that CCSE is just throwing mumbo jumbo numbers out there without even proofreading their own BS, they certainly would not be the first to do that. Lol
CYIG:
Series B Preferred Stock . Section 1. Designation and Amount. There shall be a series of Preferred Stock, $.001 par value per share, designated as Series B Convertible Preferred Stock. The number of shares constituting such series shall be 1000. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, however, that no decrease shall reduce the number of shares of Series B Convertible Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B Convertible Preferred Stock.
Section 8. Conversion. The holders of the Series B Convertible Preferred Stock shall have the following rights with respect to the conversion of the Series B Convertible Preferred Stock into shares of the Corporation’s Common Stock (the "Conversion Rights"):
(A) Conversion. Subject to and in compliance with the provisions of this Part (c) Section 8, any shares of Series B Convertible Preferred Stock may at any time, at the option of the holder, be converted into fully paid and nonassessable shares of Common Stock (a “Conversion”). The number of shares of Common Stock to which a holder of Series B Convertible Preferred Stock shall be entitled upon a Conversion shall be the product obtained by multiplying the number of shares of Series B Convertible Preferred Stock being converted by eight hundred nine thousand, eight hundred sixty six and twenty three hundredths (809,866.23) (“Adjustment Number”).
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5565287
My calculation of the above is 809,866,230 redeemable into common shares of the Series B alone and there are more preferred to boot? Also the CYIG chart reeks of nominee'd manipulation propping to $18 pps.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=cyig&sid=0&o_symb=cyig&freq=2&time=10
CCSE:
Beneficial Ownership
The following table sets forth certain information regarding the beneficial ownership of outstanding shares of Common Stock as of December 31, 2007, by (a) each person known by the Company to own beneficially 5% or more of the outstanding shares of Common Stock, (b) the Company’s Directors, Chief Executive Officer and executive officers whose total compensation exceeded $100,000 for the last fiscal year, and (c) all directors and executive officers of the Company as a group.
Name and Address of Beneficial Owner Number of Shares % of
Outstanding 3
NewMarket Technology, Inc.
14860 Montfort Drive, Suite 210
Dallas, TX 75254 42,131,993 1 59.3 %
All officers and directors as a group
(4 persons) 0 2 0.0 %
1 Includes 250,000 shares of the Company’s Series A Preferred Stock. The shares have a par value of $0.001 per share and a purchase price of $1.00 per share and bear no dividend. The shares are convertible into 60% of the issued and outstanding common stock of the Company, any time after August 31, 2007. At December 31, 2007, these shares would be convertible into 40,131,993 common shares.
--------------------------------------------------------------------------------
2 Messrs. John T. Verges, Philip Verges, Philip J. Rauch and Paul Danner, the officers and directors of the Company, do not own any common stock, options or warrants exercisable into the common stock of the Company on December 31, 2007. This does not include shares of the Company held by NewMarket Technology, Inc., which Messrs. P. Verges and Rauch are officers of.
3 Based on 26,754,662 shares of common stock issued and outstanding on December 31, 2007 and assuming the exercise of 4,132,734 outstanding warrants and the conversion of the 250,000 shares of Series A Preferred Stock into 40,131,993 shares of common stock, there would be 71,019,389 shares outstanding.
ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
In October 2006, NewMarket China, Inc. (“NewMarket China”), at the time a wholly-owned subsidiary of NewMarket Technology, Inc. (“NMKT”), executed an Agreement and Plan of Reorganization (“the Agreement”) with the Company. The Agreement provided for all of the issued and outstanding stock of NewMarket China, Inc., one thousand (1,000) shares held by NMKT to be exchanged for two million (2,000,000) restricted common shares of Intercell. As a result of the Agreement, NewMarket China became the wholly-owned subsidiary of Intercell.
In a separate agreement, NewMarket Technology agreed to purchase 250,000 shares of a Series A Preferred Stock from the Company for $250,000. The shares have a par value of $0.001 per share and a purchase price of $1.00 per share and bear no dividend. The shares are convertible into 60% of the issued and outstanding common stock of the Company, any time after August 31, 2007. The shares have a voting right equal to 60% of the issued and outstanding common stock of the Company.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5838135
wadegarret, all preferred share explanations will be found in the "K" and/or "DEF" filings.
"Penny: Where do you get these from???"
From a quick scan of my posted list. I pulled up each chart and those that were telling, I quickly scanned their most recent 10 filing.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30653584
Some questions I have regarding this VMC list below?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31672537
What is the criteria for making that list? How did SWVC make that list, probably the #1 scam of 2007/2008? Why isn't BWMG on that list? I have BWMG as one of the top 3 stocks out there today?
lentinman, scanning over china sector stocks I'm adding 6 more symbols to my scam list:
Add: "AGMB - BJGL - CGRH - CNAG - GUPR - SGUS"
All 6 had a value story and each has fallen to pink status.
I wanted to add about 30 other chinas to the list lol, but not absolute scams like those 6 above.
In my scan, I found 10 chinas that are unbelievable value. Strong emphasis on "unbelievable". I haven't dd'ed any of the 10 past my partial scan, but I intend to. Any opinions from anyone on these 10 chinas?
"CCSE - CDGT - AAMA - DRGG - GCME - CSOFE - CYIG - LOGE - OPAI - RHGP"
And of course, the 3 most unbelievable chinas:
"ETLT - CHID - CSXB"
Which will be next to officially make my china scam list next?
Was buying BPTR thinking I could push out the seller but failed to do so. Will wait to see if the seller lets go below .05.
Bidding puts in several chinaR/M fantasy stocks. Got one fill in some FUQI puts. Anyone read FUQI's first filing and matched it against what's really happened since 12/29/06. Without going into too much detail, the mastermind received 1.36M shares and the china frontman received 18,886,666 shares.
As of FUQI's most recent 10-K, the frontman has 11M shares left, can't find the mastermind's 1.36M shares, and the stock hasn't dipped below $6. That's quite a total sum, lol, oh yeah can't find any FUQI Form-4's filed either as required under any SEC compliance.
I haven't dd'ed HOLI past knowing it's another chardan and masterminded by Richard D Propper. On that dd alone, I would look to short the stock, or buy puts if it were an option.
BWMG:
"For the three months ended June 30, 2008, we had cost of net revenues of $934,137 as compared with cost of net revenues of $576,423 for the three months ended June 30, 2007, an increase of $357,714, or 62.06%. The increase was primarily to support the increase in sales volume the three months ended June 30, 2008 as compared to same period in 2007."
with:
"For the three months ended June 30, 2008, we had net revenues of $1,729,073 as compared to net revenues of $923,309 for the three months ended June 30, 2007, an increase of $805,764, or 87.27%. The increase is primarily a result of an approximate $525,000 increase in high pressure tankfill sales and an approximate $280,000 increase in low pressure hookah system sales."
equals:
a lower percentage increase in costs vs revenue? I would consider that a positive? It's when the costs of revenue increase at a higher percentage than the revenue itself that becomes a negative.
As to the other cost figures, SG&A, Interest, R&D, etc., I pull up preceding Q-filings, scroll to the "CONSOLIDATED STATEMENTS OF OPERATIONS" pages and compare.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5364697
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6097941
Just more CACA(for)U(s) -
The four chardans, SEED, APWR, HOLI, and this new CACA are all masterminded by Richard D Propper. The guy can SELL some shares, no lingering doubt about that.
http://www.sec.gov/litigation/admin/3437354.txt
Is anyone else getting the feeling that this China Sector is building into one big pyramid scheme? Not by design, but just morphing into it where those first in get all the cash? This Propper and all his minions will be selling CACA left and right, FIRST, while eventually all the johnny-come-TOO-lately outsiders will hold their bags.
The entire china sector is getting so bogus and over saturated, I'm just putting the entire sector without too much concern anymore for thorough DD. I couldn't possibly DD all of them thoroughly anyway. But it sure would be interesting to know where those 7 stocks mentioned in the SEC link above that Propper sold like hotcakes are today, both fundamentally and pps wise?
APWR -
1/25/08 8-K
As part of our entrée into the wind business, we have commenced the construction of a wind turbine production facility in Shenyang, China and are in the process of finalizing agreements which will give us exclusive rights to some of the most advanced wind turbine technology in the world. The first phase of the plant will be 180,000 square feet and is expected to be completed in mid-2008.
6/6/08 6-K
For an update on the wind business, we have made encouraging progress sourcing the necessary wind turbine components from China and abroad and are on-track to complete the first phase of our wind turbine production facility this month. This first phase includes a 180,000 square foot wind turbine assembly facility with the capacity to produce 420 of the 750kW wind turbines and 300 of the 2.5 MW wind turbines each year. We expect to begin producing wind turbines at this new facility in the third quarter of this year and look forward to becoming one of the major providers of wind turbines in China.
7/11/08 20-F
The sales price of the 2.5 MW wind turbine is expected to be RMB 20 to 24 million ($2.7 to $3.2 million) with approximately 8% to 12% operating margins. We expect to have the capacity to produce a maximum of 300 units of the 2.5 MW wind turbine on an annual basis at our new production facility after it begins producing these wind turbines in the second half of 2008.
The sales price of the 750 kW wind turbine is expected to be RMB 3.4 to 3.7 million ($0.46 to $0.51 million) with approximately 8% to 12% operating margins. We have not yet determined the sales price of the 225 kW wind turbine. We expect to have the capacity to produce a maximum of 420 units of 750 kW wind turbines and 400 units of 225 kW wind turbines on an annual basis at our new wind production facility after it begins producing these wind turbines.
We began construction of our wind turbine production facility on March 25, 2008.
In June 2008, we completed construction of the 310,000 square foot production facility that will have the annual capacity to produce 300 units of the 2.5 MW wind turbine and 420 units of the 750 kW wind turbine. We estimate that our total capital expenditure on this facility was approximately $30.0 million, which we financed with internal resources.
Questions (Contradictions):
a. Did they begin construction in January or March? Do they even know? Does anyone here know?
b. Is the "production facility" 180,00 square feet or 310,000 square feet? Do they even know? Does anyone here know?
c. Annual production capacity of facility:
300 units of the 2.5MW produced at retail $3M = $900M.
420 units of the 750kW produced at retail $.5M = $210M.
400 units of the 225kW produced at retail ??? = Aren't we all so eager to hear this mysterious suggested retail price management has "not yet determined" of the 225kW in a forthcoming new hyped up pr STORY? I know. I have zero doubts we will all be forced to hear this upcoming STORY.
Conclusion:
According to the STORY we're being told above, APWR erected a 310,000 square foot facility in 3 months time at a cost of $30M that will have the capacity to produce product to be sold at retail for $1.1B + (the new 225kW retail pricing STORY, upcoming)?
The above might appear wholly outlandish and confusing to some, lol, but not really when one googles the mastermind of these "chardan" china STORY tellers, Richard D. Propper.
Why Rodman & Renshaw Capital Group Inc. (RODM) Just Telemarketed The Wrong Blogger
http://www.timothysykes.com/timsykes/2008/08/13/why-rodman-renshaw-capital-group-inc-rodm-just-telemarketed-the-wrong-blogger/
Telling it like it is! I remember years ago, in some scam stock, one of the buddy posters phoned me to tell me a PR was coming out the next day at noon. Only a few select individuals like me were being informed of this this so we could buy in bunches prior to the PR.
ROFL
Thanks, and BWMG Q-2 is their seasonal best Q so we'll see moving forward if they can improve on that .19 eps at six months? Watching those tankfills is where the money is in BWMG and a big plus in management having a great track record so far, imo.
Bob, APTD has a great product but Penny and Gordon just keep taking every cookie lol. Maybe they'll stop raiding the jar one day and APTD has always been a decent flipper stock.
BPTR PR out -
http://biz.yahoo.com/bw/080813/20080813005709.html?.v=1
BWMG filing in. $0.13 eps on $1.7M revenue.
BPTR and APTD are both previous losers acting like they want to get it right.
BPTR filed Q-2 yesterday posting .02 on 18M revenue (six months), 11M Backlog, and trading at .055. Market Cap = $2.2M. BPTR got rid of their dilution-bandit, Tony Cataldo, years ago.
APTD trading at a Market Cap = $8M hasn't filed Q-2 yet and the Q-1 numbers are a little questionable. Penny Perfect and Gordon Muir remain in charge and have a history of being 'bonus-bandits' that goes back 5 years or more.
I like BPTR much better between the two, albeit BPTR still has to continue proving themselves.
BWMG, from the Q-1 filing:
Net revenues. For the three months ended March 31, 2008, we had net revenues of $1,194,801 as compared to net revenues of $879,257 for the three months ended March 31, 2007, an increase of $315,544, or 35.89%. The increase is primarily a result of three large custom tankfill projects in process at March 31, 2008 that contributed approximately $439,000 to revenue for the period. This increase was partially offset by a slight decline in low pressure hookah system sales of approximately $10,000, and a decrease in other high pressure tankfill sales of approximately $100,000.
BWMG @ $1.00 is my sleeper pick for all company filings due August 15th.
Posted Q-1 earnings of $.06.
PR'ed completion of second of 3 contracts on July 9th.
http://biz.yahoo.com/iw/080709/0414071.html
Opened up a new shop in Dubai on July 24th.
http://biz.yahoo.com/iw/080724/0418940.html
Market-Cap @ $1,600,000.00
Not knowing your risk tolerance, account margin tolerance, or whether Schwab is forcing you to cover, but I would hold every bit of that short position that I possibly could.
C T B G and G F C I are both on a collision course with likely SEC suspensions, or at best, C T B G should be trading sub penny right along with G F C I very soon.
You've already witnessed the broker trying to cover his rear. Next will be the Transfer Agent trying to cover his rear. C T B G is already under SEC investigation and now these two pinksheet scams are going to sue each other. I couldn't think of a better fundamental short position.