Replies to post #9377 on Hong Yuan Holding Group (HGYN)

[lowman]

The bad theory is that this recent run-up is simply an upward correction from the drop that happend after CERP went on the pink sheets

Correction: OTCQX

Also, perhaps you missed the $500K PR?


I have a theory of my own: The ($20M?) delinquent accounts receivable has left CERP without neccessary working capital, forcing a downsizing of salespersons, currently at 2.

It appears CERP was doing great business until their primary accounts began to falter. It also appears that CERP simply needs to go out and land new accounts. The Teaspot was a starter, but far from being a 'big fish'.

That said, with manufacturing facities already capable of substantially large orders, CERP is one helluva lot closer to being a multibagger than 99% of the rest of the penny stock world.