Hello again Captain Steuvin!
That's some wonderful 411 you provided me with but you keep forgetting that they still have around $46 million in the kitty, and to trade around 35 cents is RIDICULOUS! You look at their peers with a greater share float, more debt, less sales, MORE HYPE etc., etc. and you can see my point i am making to you.
The company has taken the necessary steps at addressing the issue you brought up in the first reply:
"INNER MONGOLIA, China, May 14, 2013 (GLOBE NEWSWIRE) -- China Carbon Graphite Group, Inc. (OTCBB:CHGI) ("China Carbon" or the "Company"), the largest wholesale supplier of fine-grain and high-purity graphite in China and one of the nation's top manufacturers of carbon and graphite products, today announced the Board of Directors has appointed Mr. Dong Jin as its new Director, effective immediately.
In 2006, Mr. Jin graduated from Massey University in New Zealand and majored in Business. In the same year, Mr. Jin joined China Carbon Graphite Group, Inc. as the production manager. In 2010, Mr. Jin served the company as the Vice President of Sales, leading 26 sales representatives and distributing the company's products to over 200 customers in 22 provinces in China. Spending 6 years at China Carbon, Mr. Jin has been actively involved in each area of the Company's daily operations, such as accounting, manufacturing, sales, finance and business development. By taking such a crucial role at the company, Mr. Jin has established significant leadership in the management team driving the company forward.
"We are pleased to welcome Mr. Jin to our Board. The new Director appointment will enhance our Board's expertise in the company's key areas, including industry knowledge and manufacturing. By having Mr. Jin on our team, we will be able to strengthen the communication with the front line operations and improve the public relations by better conveying the most accurate and recent information to our shareholders. We welcome the experience which Mr. Jin brings to our Board and look forward to his contribution to the Company in 2013 and beyond," said Donghai Yu, the CEO of China Carbon Graphite Group, Inc."
Also, looking through the financials they are NOT hiding anything like you sort of hint-at. They tell it like it is, straight-up as the youngsters would say. I'm not too sure what your interest is here AGAINST China Carbon, but like i stated since day one...for a company their size, and with their cash float, low shares outstanding etc., etc. it trades wayyyyyyy too Discounted compared to it's peers. Dress it up as you wish but it is truly RIDICULOUS that a stock like CHGI would trade at 35 cents when it should be trading at $2.10 Fair market value! Even if we were to make quasi-adjustments to that figure they would be at $1.25! NOT 35 cents brother!!
There is a lot of Upside to this stock so i would not discount it at all, and i would suggest that smart-money (including Fund Managers looking to make "some" appearance of making a Profit for their clients) get in on this play before the train leaves the station as it has started these last 3 trading days. Even i own some and i am not scared of owning some either as you sort of hint that maybe i should be scared in the manner you word your responses to me regarding CHGI.
Nevertheless, maybe explain these little aforementioned portions of the equation you conveniently wish to leave out?? Or simply tell me straight up if you have evidence that they are commiting a fraud, or something wrong, or simply relax and/or not invest in the company at all. You seem to have a sort of conviction that something is a rhy here and wish that i (and others) not invest here. I am curious, though, since i surely would not want to invest in a publicly traded company that is misrepresenting the data as you are perhaps alledging and or alluding to! I would require a little more wholesomeness brought forth to the topic at hand to see what's what here...
Peace brother!
