When they didn't file a notice that the 10Q would be late I sold most of my position as I believe it created confusion which always gets a negative reaction from a stock.
When I got a reply from Suzan @ Hawks explaining they would file a notice that they would be late I started looking to buyback my shares.
Then when they released 3rd qtr results I got a positive surprise,,, On the dip back below $2 to $1.85 I bought some more.
I expected 3rd qtr numbers to be up but I was also looking for 2009 eps to be $0.35 with the bulk of the growth coming in the 4th qtr & continuing in 2010.
I have "never" seen a stock Chinese or otherwise with "accelerating" earnings numbers going forward selling at under 10 x eps for any lenghth of time.
Even before I saw 3rd qtr numbers I had projected that the pps would allow CKGT to qualify for listing in 2010.
I have decided to be very conservative in my estimates on ckgt going forward to allow for more unforeseen delays in the launch of personnel care products [ originally slated for launch in 2007-08]
But even without personnel care products being launched early in 2010 I believe eps will continue to accelerate.
I also believe Hogfeed will become the most important single product ever launched by CKGT & I still believe personnel care products when launched will become the biggest contributing product category to ckgt's bottomline followed closely by animal feeds with cactus cigarettes a wait & see product category.
The balance sheet is a little less pure until they make that note payable for the 2nd round of acquiring land use rights,,however a expanded source of cactus was absolutely necessary to insure a ample supply.
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