China Growth Stocks

[Brennus]

Yeah, I meant reverse split. Good catch! CHGS intent was to do a reverse before uplist. Don't know if that's still the plan or not...my guess is that's still the plan. Honestly, I'd rather see a quick uplist and THEN strong earnings for several quarters. CHGS will get better multiple expansion on the stock if they can post a series of stellar quarters while they're listed on a major exchange. Which means my brokerage accounts will benefit more (I'm only thinking of what's best for the company!)

Precision abrasives started trial production in July. CHGS anticipated commercial launch in 'the fall'. Expect full year 09 abrasives revenue to be in the 70MM RMB range. Remember, they already have a contract in Taiwan...

2q refractory business was running 100% & China production hit record levels in 3q. That business line is pretty much tapped except for upward price moves.

Full year proppant revenue will be in the 80MM RMB range. Margins should be materially better sequentially.

I just think good things are in store for CHGS in 2h09.