New Energy Systems Group (fka NEWN)

[big_money_insiders]

abh3vt,

Excellent questions !

The purpose of the call was to get the reason(s) for the CEO(s) departure.

Both Hawk and Roy did not have a concrete answer. This is another reason why I will not buy until much lower levels.

They told me that the most recent CEO was not performing to the Chinese standards ? Anyway, seems suspect to me. When pressed, they did not have any details. Hawk really has no idea.

Per the float question. This is the most up to date that is known. Looking at the trading activity, someone is selling.

CHID - OTC BB
Closing Price (04/03/06): $0.55
52 Week Range*: $0.31 - $1.87
Market Capitalization: $30 mil.
Basic Shares: 54.5 mil.
Diluted Shares: 54.6 mil.
Average Daily Trading: 606,375
Estimated Public Float: 19.1 mil.
FY '05 Revenue: $12.7 mil.
FY '05 Net Income: $2.7 mil.
FY '05 EPS: $0.05
Total Assets (12/31/05): $7.3 mil.
Total Liabilities (12/31/05): $1.4 mil.
Insider Ownership: 65%
Fiscal Year End: Dec. 31