China Armco Metals Inc. (CNAM)

[bradford86]

from yahoo http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_C/threadview?m=tm&bn=102178&tid=16166&mid=16166&tof=1&frt=2

Fellow Investors 47 minutes ago
Let’s look at CNAM Management, they don't sit here looking at little lines on charts to plan strategy like bashers do, they run a real business.

And this is what CNAM does for a living: Let’s follow their foot steps…..

-They targeted a 40+ million metric ton/year UNMET scrap recycling niche in China with huge growth potential
-They go public by means of a reverse merger with a shell company to save money on listing
-They build a state-of-the-art recycling facility with plans for expansion (to become top 10 in China)
-They up list to a senior exchange, gain credibility and attract institutional support and raise growth capital
-Sign first contract for a quarter of their annual recycling production.
-They align themselves with insider directors who are so confident about CNAM that they personally secure 40 million of their financing (with institutions like the Bank of China)
-They purchased 20% of an ore mining company to secure future supply needs in the millions of tons per year. (In a growth country like China supply is the problem.)
-And for a final vote of confidence, The President keeps purchasing, 7 million dollars worth of stock at $5 in the last several months

So you see, this is a business with a plan. All the above events are REAL events, operating within a predefined timeline also known as a STRATEGY. They will put out press releases when things get done.

I will tell you this about CNAM, whether they are behind on their orders or not, BIG DEAL, they will catch up. If they lower their guidance a little, BIG DEAL, it’s a new business there’s a learning curve, they will catch up.

Their facility is capable of pumping out the 10 month contract in 3-4 months when they have ramped up production. Eventually in 9 or 12 months they will be running at full capacity. Their business will be doing over 500 million dollars a year and over 30 million in net income.In other words 2-3 times future earnings.

This is the stock the bashers want to sell you as a scam. Why? What's their motive?

jd