China Kangtai Cactus Bio-Tech Inc (fka CKGT)

[StevenRisk]

Looks like someone painted the tape at EOD. Continued weakness will not abate until news as MM's are in control with such low volume.

With this continued weakness within our space with many companies going the the route of reverse merger mania in the last couple of years I've one question that puzzles me. CKGT.OB went this route 6 years ago. Why are they being stigmatized with the broad based fraud allegations with a history this long? Most companies that have had fraud allegations except for UTA(which have been refuted) have had a very short history.

Being out of favor is one thing but trading at these levels is crimnal to say the least. I understand that y/y comps are down on a net income basis. Does that merit a PE as low as this? Not to mention they have 60% market share.

Understand that their are others in the same situation but are they growing at 35% a year with no insider trading for 3 years? With a history(5+ years)along with smokes which are touted as a safer cig tht will be going international?

The price alone is indicative that I'm the fool here but like the captain I will not jump ship as many have done so. While I made the statement that cigs would go international this is MY opinion based on my DD.

My projections are for an uplisting this year along with a new auditor. Also news cig related for major expansion beyond Asia.

Also construction plans announced publicly for a new corporate office to be completed in 2012.