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Profit Ratios
45B RMB Revenues ~= 6.3B USD.
11BB RMB Net Profit ~= 1.5B USD.
Nearly 24% net profit ratio. ROBUST!!
Financing
I know we're an OTC company, as well as a Chinese reverse merger, which by themselves is usually the kiss of death. That said, we're looking like a real "unicorn" here, with the stated goal is to uplist to the Nasdaq or like-kind American exchange.
Convertible debt makes me queasy but in this instance I believe they are talking of Preferred Shares, which will throw off a 3% interest rate. The conversion rate to common shares will be crucial. Negotiate hard Tao Qiping!
Speaking of the Business Model...
...for those that don't know, CIWM will basically take giant mounds of dirt that has been mined, extract even finer amounts of rare minerals, and then turn it into a cementitious material, i.e., green concrete. Below is the business plan quote on it.
Which vaguely reminds me of a quote from Ted 2: "There are no chicks with dicks. Only guys with tits."
They are going to take those mountains of dirt (gold) & make them (money) green.
They have identified 35 potential projects but only 4 existing projects at the moment, for which, the $100M in financing is being lined up.
They are proposing waste-free mining and smelting: $$$ maker and environmentally beneficial!
Following is a synopsis of the business plan.
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I meant Deng, aka Dung. Lol.
We knew about 7 of them but they were "illusive". I had to look them up via QR codes, screen-print them, and then Google translate. Now they are all up. Clean and simple.
Many have been here for years. We still don't know the full extent of the company or its business model. But today, it's being laid out for all to see.
My nipples are rock hard.
Images and explanations of their 14 patents and now up.
Business Plan is up on CIWM now, too.
We have 14 patents btw.
https://www.ciwm.cc/en/sys-nd/508.html
I'll be your Huckleberry.
This won't make sense to you but there are dozens of new images and videos put up on CIWM's website this morning.
The following are just a few of the big shoulders they are rubbing up against:
Gotion (4th largest Chinese Electric Car Battery Maker), $40B market cap.
CIMC, China International Marine Containers.
Jiangxi Special Electric Motor, $18B market cap.
Tiancheng Lithium, sub of Tianneng Holding Group (largest Chinese battery maker), $11B in REVENUE for 2022.
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I don't expect a separate update on the $100M investment. That's what the S-1 filing is all about. Providing detailed info about company's business(es), business model(s), and how it plans to use the funds it raises, e.g., that $100M, via the public offering. If $ASKH gets a real hype man, maybe they do drop updates to pump the stock price up. After all, the higher the share price, the less dilution there will be. But $ASKH has never operated that way in the past.
General breakdown of the latest press release.
On November 25, China Industrial Solid Waste Management made a significant breakthrough. They developed a special kind of high-temperature supporting plate, a structure that can endure very high temperatures. This plate is made from recycled ceramic scraps, gels, and rare earth materials, and it costs only one-third of the traditional material used for such plates. The new plate has impressive qualities—it's lightweight, has high compressive strength, can withstand extreme heat (1,000 degrees) for 6 hours without weakening, and is resistant to acid, alkali salt corrosion, and sulfate corrosion.
The innovation is particularly valuable for the production of lithium salt bricks in tunnel kilns, where it can replace the more expensive traditional material. The potential economic benefits are substantial, with a single unit expected to generate significant profit. Moreover, these high-temperature resistant plates have wide applications in various industries, including heat treatment, glass, ceramics, metallurgy, electronics, and chemicals.
This achievement is not only a breakthrough in recycling waste ceramic materials but also a boost to the high-temperature supporting plate industry. The company plans to continue working on efficiently using industrial waste to contribute to greener and more sustainable industrial practices.
I wouldn't expect the S1 filing this year.
But their is a new article up on CIWM.
https://www.ciwm.cc/en/sys-nd/455.html
The die is pretty much cast I guess.
Philly will be the 1 seed and the Cowboys the 5 seed. That means you get the winner/loser of the NFC South. Let's call them the Falcons.
Here's the path: win in Atlanta, win in Philly, and hope Detroit or someone else upsets San Fran before NFC Championship Game.
That's your path to the SB.
That's the most ideal path short of homefield advantage. Dallas can play with Philly. Doesn't mean you'll beat them but at least you'll be competitive. San Fran just kicks your a$$ like the good ol' days.
Or not.
FG good. One stop Buffalo D. One fookin' stop. Then $hit the bed next weekend. :-P
59 yards!?! Dayummmm.
White Rayne Allen giveth and taketh away. 31-28 with 1:52 to go. Philly has 2 timeouts.
Both Jalens are limping (Hurts and Carter) and Fletcher Cox went to the locker room before half. Perfect night shaping up for Dem Boyz.
$ASKH = ASK Harvey.
You're little mnemonic device got in my brain the first time you posted it and I will never get it out. Really hoping $ASKH hits so I'll want it there for eternity. Lol.
The flipper tide has definitely come in.
They tend to be an impatient bunch though. I have some buys ready for when, and if, the flipper tide goes out.
Well, you were sure they'd be delisted by years' end, too. Some day you'll get one right... maybe.
Those "tasty" filings may not come in 2023.
$ASKH won't be delisted in 2023 either way.
I believe there was "we'll be delisted by years' end", too. Wheeeeeeeee!!!
New anthem will be "Rayne on Me!"
"...water like misery,
It's coming down on me
I'm ready, Rayne on me!"
Lady Gaga and the rest of the gender confused will be very proud.
"I'm only happy when it Raynes..."
Off to the Expert Market...
45-10. Haven't trailed a second at home in 2023. Tim Tebow dark just threw 4 more TDs with no INTs. If Dallas can find a way to catch Philly, Rayne is really in the MVP convo.
Tweet from yesterday.
Dak this season (since losing to 49ers in Week 5):
— First Things First (@FTFonFS1) November 22, 2023
NFL Rank
Pass YPG: 308.6 1st
Pass TD: 14 1st
Pass Rtg: 118.7 1st
"Dak is firmly in the top rung of the MVP race." — @getnickwright pic.twitter.com/y7HibAqBW2
Oh there's an S1 coming and if the business / products are as they claim, we won't care much. We aren't getting $100M investments for the free.
Whenever I calc ASKH's market cap, I use the A/S count of 140M. But I no longer think that's going to hold.
Yeah, pretty sure we're seeing an S1 along with the results of the audit.
I can not lie. I've been shopping for razors...
Only 3 people I've seen tweet about $ASKH in recent months is DikFitz, TF, and me. Today, I see a couple new people tweeting: Prof Brainiac and Scrooge. I have no idea who these OTC guys are but they have about 2,100 followers between them. Of course, this isn't monumental but it's a start.
With zero consideration for the business, they see potential in the stock structure and current pricing alone.
That was my initial draw here but after Deng and CIWM came along, my strategy has changed. New exit is Naz uplist.
We had dem wings primed for clipping but then we dropped the scissors.... over and over. We just kept dropping the scissors.
Nicely done.
Sure gonna try.
PSA: CIWM <> CIWT. Totally different companies and businesses.
CIWM = China Industrial Waste Management Co., Ltd, a privately-held Hong Kong company. "Waste" they deal with is mining slag. Astika or $ASKH is incorporated in Florida.
CIWT = China Industrial Waste Management, Inc., based out of Dalian, China. "Waste" they deal with is sludge and sewage remediation. CIWT is / were incorporated in Nevada.
CIWM / $ASKH
CIWT
Christopher John Evans pi$$e$ me off because every time I Google him, Captain America populates the results. Who's our next investor? Robert Milhous Downey? Would it have killed them to name some of the firms represented?
That picture does show up in other articles but the $100M isn't mentioned. Just the "investment cooperation agreement".
http://www.hn-chinnews.com/show-354-115943-1.html
It's on the front page of their reconstructed website. Top article of their news feed. Hasn't created much splash today because no one knows about it.
We should get at least one 8K tomorrow. The amount of dilution of course will be key. I suspect preferred shares may be issued.
Here's my translation of the initial $100M investment.
Their is an investment agreement between Wall Street investment institutions, represented by Christopher John Evans and ASKH board Mark M. Richards, and China Industrial Solid Waste Management Co., Ltd. (China Solid Waste CIWM). The chairman of the board of directors for China Solid Waste CIWM, Deng Funan, and the chief press officer, Jiang Jiansheng, were present during the agreement.
According to the agreement, the Wall Street investment institutions are making an initial investment of $100 million in China Solid Waste CIWM. The agreement also includes provisions for additional investments based on the needs of China Solid Waste CIWM in the future.
Christopher John Evans expresses optimism about the investment, highlighting China Solid Waste's patented technology and what he sees as a reasonable industry layout. He believes that China Solid Waste's position in the global green economy aligns well with the reputation of the capital market. Evans mentions that their investment in emerging industries is not only a source of happiness but also an honor. He anticipates that their influence in the investment community will have a positive impact on other investors.
Mark M. Richards adds that, based on the experience of Western developed countries, comprehensive utilization of industrial solid waste resources requires top technology. He hopes that China Solid Waste will experience rapid development in China, serving as a good demonstration to the world. The goal is to set an example for other developing countries, promoting green practices and making the world more environmentally friendly. Richards believes that the solid waste recycling industry will become a lucrative sector in the next economic upturn.