China Yongxin Pharmaceuticals, Inc. (fka CYXN)

[john302]

China reverse mergers are notorious for poor governance. That is why there are tons of them trading at low "valuations". Most are nevada shell companies that hold partnerships in the Bahamas which in turn own or go into partnership with PRC partnerships. Many known penny scam operators have put them together. IHUB member Penny Lane has written much about them, you should check his posts on the subject to educate yourself, or just send him a PM. I've divested myself from them personally, after doing my share of homework, and invest in ADR's instead. Maybe you can make money trading them but a long term holder is most likely going to be disappointed. These companies never have insider buying on the open market, never pay a dividend, and always dilute with PIPE deals (when they can - obviously a super low PPS prevents them from doing so).

IMO any significant rally in these co's should be sold immediately, as they usually announce dilutive equity financing after the pump.