Replies to post #1304 on China North East Petroleum Holdings, Ltd.(fka CNEP

[treit2002]

NEP reported Q3, 2009 earnings 11/15/2009. They earned $.17 fully diluted, and had working capital of $14.6M. The stock closed 11/16 at $5.30.

Now, normalized fully diluted earnings are $.31 to $.35, and working capital stands at $58M after Q3, about $70M after Q4.

Course, the stock is up about $.30.

[realfast95]

Granted the business side if the stockholders meeting is quick. I've been at US stockholders meeting that were comical on how they closed it before any new motions could take place.
The only thing that can go wrong is if they don't have a quorum.

However many did presentations and most take stockholders questions, if any are present. And if they did a presentation, hopefully it would be posted.

[valuzzzz]

Looks like NEP re-scheduled the AGM "in order to provide additional time to obtain a quorum."...I don't expect anything from this AGM other then procedural business, ie...No Company Update, et...Their AGM was not Webcast, et...and is probably just a few shareholders but in attendence...There is a chance for some additional news between now & then...JMO

China North East Petroleum Reschedules Annual Shareholder Meeting for December 29, 2010

http://finance.yahoo.com/news/China-North-East-Petroleum-prnews-2144898580.html?x=0&;.

Press Release Source: China North East Petroleum Holdings Ltd. On Wednesday December 15, 2010, 8:30 am

HARBIN, China and NEW YORK, Dec. 15, 2010 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, announced today that its Annual Shareholders' Meeting was adjourned until 10:00 AM Beijing Time on Wednesday, December 29, 2010 in order to provide additional time to obtain a quorum. No business was transacted prior to the adjournment. Shareholders are encouraged to cast their vote by proxy prior to the rescheduled annual shareholders meeting. The meeting on December 29, 2010 will be held at the Company's offices at Foster Mansion, 85 Pu Jiang Road, Suite 1413, Nang Gang, Harbin, People's Republic of China 150010...