Home > Boards > US OTC > Biotechs > China Yingxia International (fka CYXI)

Just noticed CYXI sold off on the news.

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bradford86   Monday, 03/09/09 09:08:00 PM
Re: moneyboyut post# 30
Post # of 115 
Just noticed CYXI sold off on the news.

I noticed that the book value from the last quarterly is $46,755,601

Meanwhile the market cap is $1.1M

If the company does go under, how would the assets be sold off?

Furthermore, could you give me more insight as to the dispute over interest payments when the last reported cash balance is greater than the total liabilities?

Furthermore, Cash-Liabilities > Market Cap

Just digging around.

Glen

From: Ren Hu [mailto:arenhu@gmail.com]
Sent: Sunday, March 08, 2009 9:16 PM
To: Bradford, Glen Richard
Subject: Re: CKGT, CYXI

I am not working for CKGT anymore. Don't know much about what CKGT is doing now.
On Sun, Mar 8, 2009 at 9:12 PM, Bradford, Glen Richard .edu> wrote:
My understanding is that you’re still the CFO of CYXI. You’re involved with two of the companies that caught my radar. It looks like you resigned from CKGT in June 2008.

Do you work with CKGT at all anymore?

I understand that a lot of the Chinese otc companies are simply US shell companies that own assets and have arrangements with companies in china. I’m frequently in contact with Adam Wasserman. He does GHII, LTUS, CWSN, etc.

Just trying to figure out what you do,

Glen

From: Ren Hu [mailto:arenhu@gmail.com]
Sent: Sunday, March 08, 2009 9:03 PM

To: Bradford, Glen Richard
Subject: Re: CKGT, CYXI

What special in me that caught your attention?
On Sun, Mar 8, 2009 at 9:01 PM, Bradford, Glen Richard <r@purdue.edu> wrote:
Both caught my radar as potential buys. That’s what caught my attention, since you were involved in both.

Glen

From: Ren Hu [mailto:arenhu@gmail.com]
Sent: Sunday, March 08, 2009 8:57 PM
To: Bradford, Glen Richard
Subject: Re: CKGT, CYXI

Which company are you talking about, CKGT or CYXI?

Ren Hu
On Sun, Mar 8, 2009 at 8:53 PM, Bradford, Glen Richard <gbrad> wrote:
Ren Hu,

Are you currently the Vice President of Finance, aka assistant CFO, for CKGT; China Kangtai?

I did some research and found out that you became the CFO of China Yingxia, CYXI, on June 11, 2008.

It looks like CYXI is in trouble and 2 of your committee members had to resign cause there was no work to do cause normal operations were interrupted and: I would like to send you this email to formally resign from the board of China Yingxia Incorporation. For the last two years, the board has never really execute its power and never function as a board. I cannot serve as an independent board member with such nominal title.

This doesn’t really make sense to me because they were supposedly sitting on $5M of cash and absolutely raking it in last time I checked in on Q3, 2008.

Anyway, could you fill me in on what’s going on briefly for CKGT?

Glen Bradford
Purdue University
Masters in Business Administration
Bachelors in Industrial Engineering
School of Engineering Student Ambassador

www.glenbradford.com






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