Momentum Players

[jaybird249]

CBTE:NASDAQ 800 K Float $3.15 $10 Target

I bought COIN at at $3 and made a fortune. I think CBTE will be the next COIN- tye stock of the year. Why?

-800 K float 5 million shares OS.
-China biotech Venturepharm just bought 39% of CBTE (see below). You know how low float China stocks can explode.
-CBTE is in a sector- drug discovery and pharmaceutical outsourcing that is a HUGE growth market.
-Stocks in this sector typically trade for 3 X sales- if CBTE gets valued at 3 X $20 MM forecast sales for 2008 will be $$12.


Venturepharm takeover CBTE -now China Pharm co - news in China only so far

Venturepharm buys Nasdaq-listed drug firm
www.chinaview.cn 2008-04-08 09:56:51 Print

BEIJING, April 8 (Xinhua) -- Venturepharm Laboratories Ltd. (VPL), a Beijing-based pharmaceutical service provider, announced here on Monday it had purchased 39 percent of shares of the U.S. medicine group Commonwealth Biotechnologies, Inl. (CBI).

The company said in a statement it became CBI's biggest stockholder with the purchase of 2.15 million shares, the first Chinese enterprise that had bought into a Nasdaq-listed drug firm.

The Hong Kong-listed VPL had the right to expand the share holding, said the statement. The value of the purchase was not disclosed.

The two companies would jointly set up a research center in China, according to the statement.

A leading new drug researcher in China, the VPL would target the global market in future, said VPL chairman Bill Guo.

The new joint venture would make full use of China's low-cost business environment and move the research and development (R&D) center to the country, which could reduce the CBI's R&D costs by 70 percent, said Guo.

http://news.xinhuanet.com/english/2008-0...

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