Reverse Mergers & Low Float Plays

[Potse]

CXKJ...officially starting merger/acquisition phase of its growth.......

I've locked in some profits around the $1.50-2.50 area on CXKJ, but still hold a decent position in anticipation of a possible nice push over $2 again. When CXKJ first went public it mentioned that M&A activity would be a major part of its growth plans. I think they were planning to do at least a couple/few acquisitions per year. According to the corporate website, CXKJ has officially started talks/negotiations with other companies here in the month of August......

Since entering August, Kunpeng (China) has conducted business negotiations with many enterprises and groups on mergers and acquisitions, aiming to accelerate the implementation of the company's strategy in the field of big health business, integrate advantageous management resources, and enrich and improve Kunpeng.

http://www.kp-china.com/shows/26/290.html

One of the companies that CKXJ has had negotiations with about 2 weeks ago is Boster Group. That company is involved primarily with organic apples, fertilizers and branded drinking water. Its operations look fairly sizable based on articles, photos, and videos I have seen. I don't know what kind of revenue they are currently generating but from articles/interviews I have seen from several years ago the CEO was expecting yearly revenues of around $45M in 3 years.

http://www.kp-china.com/shows/26/287.html

Boster Group websites.....

http://www.bsd2001.com/
http://www.bsd-group.com.cn/