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It's now January 2017 and I have not heard anything as to a furtherance of the proposed actions. Kindly update me if you have any new information, or have proceeded forward? I still hold my shares of WKBT which are showing 100% loss. However if tthere's a fighting chance for a positve outcome or resolution I would certainly appreciate knowing and possibly pparticipaing. Kindly get back and let me.
~Mucho Gracias
Sammons,
You can count me in for my 22,500 shares (now showing $0.00 value in the account). Kindly alert me as to when these wheels are to be set in motion? For many sufferers it's been nothing but pain for five miserable years. These Chinese Criminals have hurt many a little guy (ie.me) more than anyone else. The toll has been nothing but brutal. I don't know how one could sleep at night or use the ill gotten gaines unless they're without any conscience. Kindly get back to let me know what's doing, and if I should call you? Thank you, Steven
glad to see you're still around.
i'm sorry for recommending this one to you..
i have no idea. wow, this goes way back.. not sure if this company is still around, alive, or anything. haven't looked at it, just had person marked you.
i'm on miami beach now
Disgusting What They Did... The Company in China that is.
WKBT SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-71802.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-71802-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-71803.pdf
Looked really cheap. I wanted to add to my basket.
Why the sudden buying interest today?
Although only 39,000 shares traded today they were all done at the ask.
$0.06+$0.02 or 66.67%
Fred, All these Chinese r/mergers will become sub-penny unless the Chinese government makes the CEO's accountable for their actions.
Presently their is no punishment for Chinese CEO's fraudulent actions against foreign investors.
If the U.S. refuses to allow "all" Chinese stocks to trade in the U.S. without investors being protected [It is their duty to do so]
This continued rip off of foreign investors with the o.k. of China is not acceptable.imo
Present investor have had fraud commited since the CEO is not doing his duty to investors & new investors should not be allowed to enter this unacceptable merry-go-round.
oops CKGT went sub penny this week, maybe WKBT will be the same 6 to 12 months from now if they stay dark.
Fred
I had it in my calendar to see if I wanted to start a position around now.
However I see that they did not report the annual for 2012 and more. I have a feeling they are going dark like CKGT. What a shame with all that cash, a building and a profitable company.
I will peek once in a while.
Fred
Just doubled. needs to do that only 10 more times for me to take notice!
they painted with 1000!!! ------like clockwork highrollers that they are-----------------tmonkey
about time for the 250 share paint job to fool us again--------people are finally getting what they can here in slo mo---------real selling will have this down much more-------------imo-tmonkey
hear ya there--i still have some of the cactus left but with a buy in pr of 3 cents---------this is the last of the chinese ¤# s i will ever touch again------------they have really screwed alot of people---------------tmonkey
The death rattle you hear is both wkbt & pappy.
To late for me to sell, I would rather lose it all or get my proper share.
If I were younger I would consider a few hits being ordered. lol
hope you have lightened up some----as people slowly see this is over it will be sub penny---------bid of 04???still generous for a scam--------------better than 000s and i cant see what will keep this from happening---------------tmonkey
Fred, If the investors are never going to get a return on the money they invest in these China stocks due to the influence of a crooked Chinese government why bother.
The U.S. thru U.S. investors have donated enough to China its time for the U.S. to get some payback.
Pappy:
I am glad that you are noticing that the Warrants will start expiring in 2013. That is why I got out a couple of years ago in the high 20 cents.
I remember that there were about 6 million warrants (sorry if I am off) that will finish expiring in 2014. I then decided that WKBT will not be pushing the PPS in order to have these warrants expire worthless (since they do not need the money).
Since their results are improving (with what seems to be a P.E. of 1), I might start a position in 6 months or so and go long term thinking that 2014 is the year the PPS will rebound.
Fred
and looks like no report maybe salvaging .10 is a gift here-------dont know how many more they will take there with possibiliy for a penny soon---i let my last shares go today--took my lickin and wont look back............another china scam at its best-----we have been fleeced---------tmonkey
maybe next report will have some surprises to get this moving--------------one positive is the big sellers from the past seem to have left the building----------------tmonkey
next stop .10 with this silence from co....when scam feeling grows who knows how low---doesnt matter how much money they have if they hide it for thenselves---sh holders look like they will get zip-even long term believers wont touch it now as volume tells--------------------tmonkey
and maybe back too early------again this may take forever if it isnt a complete scam-------on my small starter ill just ride it out----no place to tie up the big money-------------tmonkey
Very encouraging indeed!
I'm also very happy to see WKBT continue to file.
Could the CEO be contacted by a group of share-holders?
Look at wat Mike Koza is trying to do with GHII. Not sure if he's making any progress right now, but he asked as many shareholders as possible to inform him on how much shares they own. So he can speak to GHII management with one voice.
GHII stopped filing though. They could not afford the reporting any more with a market cap below 500K (but worth at least 40M!).
Maybe someone can do the same action with WKBT and try to speak as one group?
Xantu
Sold it last month bacause there was no q 10
Today bought back.
Yes earnings,cash,A/R,B.V. all made dramatic improvements in spite the lower revenue due to the capsule recall & the general slowdown in China.
Starting in January 2013 outstanding warrants will start expiring.
Nice to see they are still a fully reporting pinkie.
p.s. A thought.... If the CEO has decided to spend money to contine being a fully audited company in compliance with the SEC.
He must be entertaining thoughts of ways to improve his share values in the future.
After all he is by far the "current" largest shareholder of wkbt.
10Q out: Per share data: EPS $0.10. cash $2.43. tangible BV = $3.13! Significant decrease in AR.
as a pinkie under .10 soon?????trying to catch DOWN with the cactus co.?????????????????????++--tmonkey
The MM is rigging the pps of WKBT but why?
WKBT is a very lightly traded stock yet over 40k shares traded at the ask & none traded at the bid & the pps has been either negative or unchanged.
He likes to drop the bid below the day before's close even with no one selling @ the bid,,,well sometimes he enters a 100 share trade at the bid.
I can't report this to the CEO because he pissed me off by not getting back to me on my buyout offer after saying he would.
I can't report this to the SEC because I have never seen them do a proper job in over 50 years of investing.
I guess I can cry & hope that WKBT is not a fraud & that someday this silly fart CEO will wake up & want to smell the rose. lol
Q out 80.5 mil in cash. Rev and earnings down big. all time low .16
interesting similar cap size and growth as CGLO, It might be to much of risk to jump in at 20's the chance of losing 50% is greater then this jumping to .30 in my mind.
Im sorry to hear that pappy. Im still following a bunch of these China plays just watching the stories unfold.
"what did you offer"
They didn't get back with me to discuss terms.
I asked them why not do a buyback with some of their extra cash or I would be willing to make a offer thru a company I was representing.
They said they would get back with me.
But I think they were just blowing hot air up my a--
what was your offer?
I offered to buy WKBT & they said they would get back with me.
Sure glad I didn't hold my breath waiting for a reply.
Your right with the S/B $10.00 share-price. Look at this .18 lowest in the stocks history.Based upon all fundamentals this Company is way better then its ever been and yet its trading at its all time low of .18
Will Wall Street every take the glue off the China sector?
it seems like with all the others just taking the money, they dont have to buy anything give div. or sh buyback----waste of time and $ for them---tbet-comes to mind after a buy out offer of 3$ a sh---now .19---------im afraid this ceo will wisen up???--and eventually follow all the other scams---sifen the $ off with no fear of recourse from us dummies----hope not-----tmonkey
With all the Chinese stocks that have been proven as frauds along with so many of the rest having trading halted or just going dark why does the CEO of WKBT bother.
The stock trades like shareholders hold no value even though WKBT files timely SEC reports that are fully audited.
Has had its cash verified by independent audit & is now 10x the pps of the stock.
Why not just take the company private & save the expense of filing with the SEC OR trying to convince investors the cash is real as nobody really cares about Chinese stocks in the US of A.
a dividend--buyback of sh.. or buyout of co has to happen as long as no one trusts the co..--------the fault of all the bad ch co. out there now---still hoping for news on the cactus co---havent given up there either----------------tmonkey
I have been watchig the trading pattern & the MM has been manipulating the pps down for the last couple of weeks.
Can't say there are no buyers as I & others have had bids well above the current selling price but the MM refuses to fill them unless they are 5k or more.
I have had a bid in @ $0.27 ever since the pps 1st dipped to its current 52 week low & he has only filled my 5k orders.
I did drop my standing $0.27 bid this week because I am tired of playing games with this MM.
I now believe WKBT will go private when whoever is buying up cheap shares is done.
I hope they offer a fair pps to us minority shareholders eventually.
think about that. If there was a buyer, small sells would NOT drop the bid and the buying at the ask would cause the ask to rise until some supply came along. Your comments make no sense unless you thing the MM's are short selling to help a buyer buy. Why would they risk that? They buy low and sell high like any successful traders.
There is a ton of shares for sale.
The ask is the price they have offered the shares for sale at - that is the MM's are selling shares from those limit order sells ant taking the exchange fees and order flow fees from the broker.
There is no buying pressure. there won't be until the complete inconsisency of this company is cleared up.
Still watching, still unconvinced.
I think the MM is keeping the pps low in order for someone to accumulate shares cheap.
I have noticed the bid dropping on a small trade while the ask usually doesn't rise after a large buy @ the ask.
If the CEO has plans of taking WKBT private he would have to offer investors higher than the current pps.
If beforehand he has someone buy up cheaper shares his cost would be reduced when he finally makes a offer.
I had a $0.27 bid for quite a while that wasn't getting filled even though shares were selling well below my bid.
.22-------and .20 bid----------pappy any ideas here other than consultants bent on selling in the teens????-----tmonkey
Last 3 trades all at the ask totalling 11,500 however the market maker dropped the ask twice while making those trades.
So sell at the bid & he drops the bid but buy at the ask & he also drops the ask.
Very irrational market order execution but when your a pinkie the market maker is in control.
I think its going to take lots of volume before he lets the pps rise.
WKBT is a longterm position based on continued positive results that should eventually yield positive results...
I hope,gulp.
Totally irrational market maker controled trading in WKBT..
WKBT is a top tier fully reporting pinkie that has had cash verified independently by a top auditor twice & found to be the same as that reported to the SEC.
No, I repeat no fraud charges have ever been proven against WKBT yet the pe ratio got as low as .25 today & within a few pennies of its all time low.
This is a total disregard of WKBT's financials that show a very strong company with no debt that pays its bills in advance to lock in lower priced services.
They have plenty of cash to do acquisitions but only do ones that are very acretive to earnings & future growth.
But nobody cares,,,how WKBT ends up will make very interesting reading at some point down the road.
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Weikang Bio-Technology Group Co., Inc.
Economic & Technology Development Zone
Chengxu Village Shuangcheng Town
Shuangcheng,
China
Phone: 86 451 8835 5530
Business Summary
Weikang Bio-Technology Group Company, Inc. engages in the development, manufacture, and distribution of herbal-based health and nutritional supplements in the People?s Republic of China. It offers a series of health supplements under a Chinese trade name. These health supplements product line includes youth keeping capsules, energy keeping capsules, vitamin sugar capsules, intestine cleansing capsules, artery cleansing capsules, royal jelly extract, and kidney boost tonic. Its products also comprise Ferrous Fumarate Granule for iron deficiency anemia caused by various reasons, such as chronic blood loss, malnutrition, pregnancy, or child development period; Eucommia Ulmoides Oliv Granule for nourishing liver and kidney, and strengthening muscles and bones; Bushen Qiangshen Tablet to nourish the liver and kidney, enrich yin, enhance health and brain function, and strengthen yang; and Tinidazole Vaginal Effervescent Tablet to fight infections caused by anaerobe. The company also develops 10-hydroxy-2-decylenic acid in gel capsule and in powder formats for the treatment of radiation damages and angiocardiopathy; and Dofetilide, a medicine for patients with atrial fibrillation. It sells its products to wholesale dealers that distribute products to local retail stores and pharmacies. The company was founded in 2002 and is based in Shuangcheng City, the People?s Republic of China.
Market Cap | Outstanding | Float | Dividend / Yield | Ex-Div Date |
90.09M | 28,064,388 | 3,259,188 | - | - |
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