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Tuesday, November 16, 2010 9:24:40 AM
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=te&bn=75303&tid=1313&mid=1313&tof=1&frt=2#1313
- CCGY anticipates adjusted Q4 EPS of $.08 and FY 2010 adjusted EPS of $.23.
- CCGY anticipates revenues of $17.3 million for Q4 and $58+ million for FY 2010.
- The CFO of CCGY stated they are well aware of the diesel shortage/problem in China and plan to gear their facilities to take advantage of the increase in demand for diesel products during Q4 and into 2011 as they see fit. Their current facilities are able to smoothly and quickly transition from production of specialty chemical to bio-diesel and vice versa as needed.
- CFO stated that the move from the old plant to the new plant helped them consolidate and significantly reduced their administrative expenses/fees.
- CFO stated that he had several interviews with officials in regards to uplisting. They plan to uplist to the AMEX or NASDAQ. They currently do not plan to do a reverse split as they state they are confident that their continued performance will continue to show in an increase in PPS and a reverse split will not be needed. CFO noted that they will update shareholders in the next several weeks as to the progress of the uplisting process.
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