Replies to post #3442 on China BioPharma Corp (fka CHBO)

[jkids210]

Is the company still in business? Any company webiste link?

[siaubas]

LOL LOL LOL!!!
We are about to take off BIG time!!!!!!!!!!!!
They are masters of deception, this is the last they can pull this BS off... Lets overview this filing:
1. The OS has increased only by 12 million from the last update. Still, they are not saying what is the insider ownership (i'm betting half of it; add up the volume from January 1st, they sold only 15 million to the market not 30). Yes, the OS has increased more than that from January 1st, but as of March 27 there were already 41 million shares. They added only 12 more million.
* Ask yourself who is constantly buying all these shares. I'm positive that 90% of the volume is institutional/insider buying. They are reluctant to fill even in this high volume faze. Try it; good luck getting any shares.
2. "This reduction is expected to improve the Company’s capital structure and make available fund for future acquisitions." It's obvious they are about to acquire something else and that they do have cash on hand.
3. Read this one very carefully: "...Beijing Tiancheng Xinhai Pharmaceutical Co., Ltd. (“BTXP”), which owns a pharmaceutical distribution license in Beijing area. The Company has obtained full operating control and has integrated substantially ALL SALES AND MARKETING FORCE in BTXP. Therefore there was no sales revenue for HCBD for the first quarter of 2009. However, there is a delay in final completion of the acquisition deal pending governmental approval and issuance of new business license of BTXP, at March 31, 2009, the Company could not consolidate BTXP’s operating results in its book for the quarter." They state that they did have revenues, they only couldn't file them just yet. Now, lets move on to the most important statement.
4. "For the three months ended March 31, 2009, the Company generated approximately $368,336 of cash from operations as compared to approximately $1,007,530 use of cash from operations for the same period in 2008. The increase in cash generated from operating activities was mainly as a result of the Company’s restructure of China subsidiaries and collection of receivables during the first quarter of 2009." SAY WHAT?!?!?!? Did they just say that? LOL They made $370k PROFIT this quarter compared to a loss last year.

Watch this fly and good luck chasing...