Replies to post #214 on China-Biotics, Inc. (CHBT)

[budgetthis]

Good to hear your opinion on this, Burp !!! I have been getting the November $.55 - $.60 calls also, as they look too good to pass up........thanks for all your option help, by the way...!!

Budget

[viking86]

Somehow I suspect that the company is not doing all it can to get its stock price back up to $15 level where it was at before the short attack. Maybe it wants to buy back more shares at current levels before Q2 results come out mid Nov. It would be easy for them to publish the complete list of its current store addresses that shorts keep hacking at. Or come out with bullish updates about the progress of sample testing or orders by new bulk customers , the status of production rampup, negotiations with Danisco during its CEO's recent meeting with Song...

There's also the issue of Pope. Maybe Mgmt doesnt want the SP to go much above $14.3 (avg cashout price per share for Pope) before Dec 11, so Pope will decide to get cash back($25MM plus interest) instead of converting to shares (2.08MM shares at $12/sh). The shares would probably cost the company much more in the long run than the cash, don't you think? Just a speculative thought here.
Anyone?

[viking86]

nice call! Nov 12.5 at 0.90 now.

gang, Nov is a good option month. Expires Nov 19, almost a week after Q2 E/R. I am expecting eps of about 0.45 and ttm eps=1.51 for Q2 with updates about share buyback, new bulk customers after many have tested the samples sent out en masse last Q, updates about the Phase 1 and 2 ramp up at Qingpu as well possible partnerships at Yangling, maybe some partnership with Danisco... In other words, many good news ahead and the spring is tightly coiled right now!