Re: macdrsirules somewhat bewildered...
You wonder why the stock price did not go up a lot today is likely that the earnings were actually given Sept 30 at the end of the extension request:
"The Registrant expects to report a net income of approximately $147,000 for the year ended March 31, 2005."
So the news was not new so price movement will at some point here start to be based on the future and not the past and when that happens the price will rise.
The company could help this along by starting using publicity again as soon as they begin to receive some contracts. They have said they are working on several things but we have yet to hear more, such as the up to $6.5 Million deal with Fan's other business Dichain Asia and the 51% buyout of IER Digital SciTech Co announced in July.
The filing of the annual report though should help in stabilizing the base as it shows a good cash position and a profitable start.
The price is at a point that when they do sign some nice deal and publicize it the stock can move very fast and when that happens you need to already be in the stock or you miss the largest % of the move.
Last January they published their projection and Dr. Fan gave also in a audio interview.
The estimated sales were given at 1,670,000 and profit of 210,000 and actual turned out to be 2,253,000 and 147,000 so sales a bit higher and profit a bit lower but for this year ending March 31, 2006 the projection is for sales or $6.8 million and profit of $2.1 million and that is also what he said in the interview. Further years have the big increase in revenues and it is when the stock starts to be priced for the future that we will see the big increase. So when GOOG was at $80 it was priced for that current year but when the public saw they were making more money each quarter they now price the stock for 2008 or so.
When some bigger buyers decide they want to hold CTGLF for the bigger gains down the road then we will see the movement - right now there is only a few buyers and some tiny day traders scalpng for 2 cent moves. Yesterday there were only 48 trades so cannot expect much to happen. Another China Technology stock as an example had 343 trades and it was a slow day for it.
AI
