Since Northernlights posted his news I have purchased about 200,000 shares and I now own over 700k shares.
Consider: 1. The company has 10 mil in cash vs a cap of 7.5 mil 2.'09 earnings will be .28 as per guidance so that the pe is less than one. 3. A comparable company, China Green, goes for a pe of 23 TTM 4. Earnings are growing at a rate of over 100% 5. p/b is .42
These are the best numbers you will find anywhere. On the other side of the coin is the garbled letter posted by Northernlights. I do not place much credence in that letter for the reasons I have previously stated. As with any investment you must consider the risk/reward ratio. If you consider the risk too high then there are lots of other opportunities but stay away from Chinese micro caps. These are reserved for investors with panache.
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