I have done my DD and have one word for all of you skeptics, management:
http://www.chinatechglobal.com/Senior.htm
My 100K position in this stock is based on a few compelling factors:
-China IT Growth
-Diverse product line (9 if i am correct)
-Insider buying (see late March)
-Decent float (not great... yet)
-Development Goals http://www.chinatechglobal.com/development.htm
-Excellent available information on the content of the company (the corporate website is well defined for an infant company.)
I have had people tell me this is nothing but a Chinese toilet paper company but my instincts are guiding me to believe that a serious restructuring and investment in technology, coupled with the right people and clear financial accountability will prove this company to be an outstanding long term hold for the logistics industry.
Furthermore, i want to re-emphasize management. Here is Dr. Fan's Bio... i truly believe that this project is a culmination of this mans experience in many different industries and his leadership is a good bet IMHO. He can bridge US technology companies from his East and West Coast experience with the growing logistics and supply chain needs for all of the industries in China that he has experience in (pharm, finance, mfacturing).
...Dr. Frank D. Fan is a seasoned business development veteran with over two decades of executive experience. He is the founder, Chairman & CEO of DiChain Holdings Ltd, the Company's largest shareholder, Chairman of China Merchants DiChain (Asia) Ltd, a profitable investment holding conglomerate trading on the Hong Kong Exchange, and Chief Executive Officer and Director of China Pharmaceuticals International Corporation (OTC BB: CPICF), an integrated pharmaceutical company concentrating on research and development, production and distribution of natural medicines and novel biopharmaceuticals in China and Hong Kong. Previously in his career, Dr. Fan served as Executive Director and Chief Financial Officer with China Merchants Group, Executive Vice President of Union Bank of Hong Kong Ltd, Senior Advisor to the President of China Merchants Bank, Senior Consultant of The Boston Consulting Group, Inc., and President of Interlink Corporation. Dr. Fan is Professor of Beijing University Guanghua School of Management, Ph.D. in Economics from the University of Southern California, and Director of Guanghua-Dichain Logistics and SCM Research Center of Beijing University. In 2001, he was named one of the Top 10 People of the Year in China's Logistics Industry....