China Technology Global Corp (fka CTGLF)

[alan webber]

Re: I don't understand how this stock is back down to these levels again.

Well there is nothing to move it back up. They cut the workforce in half from one year to the next and that cut costs but also shows not much happening. They have not been able to get any government business as far as we know while companies like China Expert Technology CXTI gets contracts from government worth $10 million , $12 million, $41 million and so forth. That is a real company and getting huge contracts. CTGLF has done nothing as far as anyone knows. They had to sell Dichain Asia to settle the bank default is seems and that stock then made a nice move. How they could not make a good profit renting bonded warehouse space is beyond me as it is the economy that is growing the fastest.

The problem started when they issued 197 million shares to buy a company that Dichian Holdings actually owned. They should have used about 50 million or less like GIGM did when they bought an American software company. So now instead of having a reasonable number so shares like 50 or 60 million they have 263 million. All this was explained to them before the deal was finalized but they would not pay attention.

There is no way to know if they have added customers we know only that business is so-so and not what that means.

At one time they had a connection with China Merchants Group and if they had wanted to buy a search engine or IT company or game company like GIGM did they they could have likely found the support to do this but instead they thought about buying some other companies that were making no profits and they dropped the idea.

They coudl have hired somone to manage the company who had experience but they said it would cost a lot...duh!