China Organic Agriculture, Inc. fka CNOA

[Ecomike]

CBAK was a typo, sorry, good catch, should have been CGYV, not CBAK.

All I can say for sure is the fear level is much much higher than before, in answer to your question.

Since you asked about CBAK versus ABAT, I own some of both. I have been in CBAK for a long time, while watching ABAT for a long time, and I bought the crashed price on ABAT recently as I had already done 2 years DD on ABAT. ABAT as you know is under short attack directly now, and CBAK is not. CBAK losses have been dropping steadily, and CBAK is selling for 1/2 of book value, and is a huge company. I thought they would have turned a profit again by now, but have not lost faith in them, so I added on the pull backs.

I only started watching CNOA about 6 weeks ago. I fear there is much more going on under the rug with this one, and I have no idea where it is going soon, or long term, so I am watching it from the sidelines, as I suspect it may go lower. I also read rumblings that they are changing the business plan, but they have not told us what the new plan is? Also IIRC we had an officer or director resign on this one? (IIRC, but I am not sure).