Aug 17 2009

Monster semi-complete Post

to post:
cgdi – yes
esph – story stock
jmba – keep getting emails from these non-4-profit folk. so i don’t own it. things appear to be getting less worse. but still really stink in my opinion
snak – somehow related to jmba – speculatively overpriced. just my opinion
emzg – got some emails on this too from hci. don’t like it.
siaf – 50 million shares outstanding, expensive
grvy – play on cash, company seems profitable, have to understand ADR’s, i gave up.
csol – just dont like it, maybe i’m wrong. just not cheap enough for me.
CZZ – no, just not enough upside for a sugar buzz. i say risky.
cyxn – no surprise in earnings, yes still.
jada – no surprise in earnings here, one of my few turnaround plays
CSGH – yes
CNOA – yes
AKRK – yes
CHGI – yes
cgdi – http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40542859 yes
gsl – good shipper
chnt – too expensive $40 cents eps ballpark

pulled this from somewhere, it’s a good starter for you folks out there
My latest watchlist of China stocks….first are holdings…then a lengthy watch list that needs to be cleaned up for ticker changes etc:
China Stock Holdings:
CAEI – yes but not super cheap, check the backlog
CBEH – no
CCGY – yes
CGDI – yes
CGYV – no
CHCG – went from yes to turnaround in the last 3 days. i filled buy orders i placed months ago at 58 cents today
CHFI – yes
CHGY – kind of yes
CMTP – yes
CHME – yes
CKGT – yes kind of
NEP – kind of yes
CNOA – yes
CPHI – kind of yes
CHNR – no?
CSGH – yes
CWSI – expensive
CNDH – yes sold down big
CGDI – yes
CYXN – yes,
FEEC – no
FUFW – no
GFRE – yes and expensive
GHII – wait and yes
GU – no
JADA – i’m biased, yes
LPIH – yes
LTUS – yes
MYST – yes
NFES – no but should double here soon
PFAP – no but with big question marks, looking for estimates from the new agreements.
PHIE – too small
PUDC – buy the dip
SCLX – yes, even with the dilution
CHNG – expensive
SNEN – just got really cheap, down 50% after hours. still no
SRRY – p/s around 1 no.
CHLN – no
GSI – another stockpicker play
CSUN – no clue what’s going on here.
CSOL – dunno
CDBT – yes
SGAS – no, check the late filing
LEGE – no way.
SUTR – chinastockpicker likes it, i say maybe.
NOEC – no
FXI – if your dumb and you want to buy china, this is how you do it.
MNAP – no

AMGY – low risk net cash, makes money. what’s up?

telt
tbus

Watch List:

AAMA – no
AAXT – no
ABAT – no
ABC – no
ACDQ – dead? no.
ACH – no clue, #’s in CNY, prolly a doubler.
ACTS – no clue whatsoever. down so much in the last 4 years.
ADY – no
AIDA – no but almost
AKRA – no
ALIF – hmm.. cheap and growing. for the most part. neat products
ALRC – yes, easy double
AMCN – not sure how to price an adr and know they are tricky, why was this ever so expensive? like a P/E of 100+?
AMGY – low risk

———————–LEFT OUT A BIG MIDDLE CHUNK, WILL PUT THAT IN SOME FOLLOWING POSTS A-T——–

TGLP – no, too small
TNROE – ticker?
TOMO – no
TONJ – no
TPI – no, but if you do – buy post drug clearance rally
TSL – no
TSTC – no but slightly undervalued
TTY – no
TXIC – no, but should go higher from here
TYM – no
UFPI – no
ULBI – no
UTA – will likely triple in 3 years
UTSI – no
VIMC – no
VISN – no
VIT – no
VLNC – no
WATG – no
WDAT – ticker?
WEMU – still cheap but i’m out
WH – cheap growing, not cheap enough
WMDG  – no but feel free to buy in the dip
WUHN – no
WX – no
XHUA – no
XIN – not anymore
XHUA – no
YGE – expensive! get out
YGYB – new ticker?
YSYB – no
YTEC – no
YUII – yes but not cheap
YZC – no
ZBB – no
ZHYP – no? but big equity financing proportional to market cap
ZNH – no

It’s tough to find a list of US listed China stocks…these have been obtained from various places…message boards, google searches etc….

—————$MYST Dilution Not So Bad ———————–

Ms. Liu joined the Company as Vice President and Director of the Company on March 20, 2006. From June 2004 through March 2006, Ms. Liu was the Chief Operating Officer of sinosuper.com (“Sino”). Sino is an internet company that is a wholly-owned subsidiary of Wukuang IE Limited.

MyStarU.com, Inc. (the “ Company” ) entered into a St ock Purchase Agreement (the “ Stock Purchase Agreement” ), dated as of August 3, 2009, to sell 50,000,000 restricted shares of the Company ’ s common stock, par value $.001, to Wukuang IE Limited, a British Virgin Islands corporation, at a purchase price of $ 0 .06 per share, for a total of $3,000,000. A copy of the Stock Purchase Agreement is attached to this Current Report as Exhibit 10.1.

Under the time schedule, Wukuang will continue operating by the
existing key persons as management, and have been for examination by Alpha
during March 2006. Alpha has already hosted Wukuang personnel at
integrating use Subaye.com, with ensuing approval of Wukuang’s experts from
the logistics facility. Alpha is working with SMEs and parties for the
immediate implementation of logistics with Subaye.com in China. Alpha also
has access to 100 SMEs for logistics in China. Under the LOI, Alpha will
acquire a 100% interest of Wukuang IE Limited, with an exclusive trade
rights license of mineral products that Wukuang has grants for from the
China government.

“On the web: http://www.mystaru.com
MyStarU.com (formerly Telecom Communications)  The company, founded in 1995  now operates in China through its subsidiaries — Alpha Century Holdings, 3G Dynasty, Huiri Electric, Arran Services, and IC Star MMS”

Wukuang is 100% owned by Alpha
Tuesday, 28 February 2006, 12:00 CST
HONG KONG, Feb. 28 /Xinhua-PRNewswire/ — Telecom Communications, Inc. (BULLETIN BOARD: TCOM) today announced its subsidiary, Alpha Century Holdings Limited (Alpha) has signed a Letter of Intent to acquire Wukuang Import & Export Limited (Wukuang). Alpha plans to acquire a 100% interest of Wukuang in exchange for $6 million in cash and convertible notes. Wukuang Managements will become an integral part of TCOM’s SME China strategy as Alpha’s Business to Business to Consumer (BtoBtoC) value chain Subaye.com e-commerce business.

Alpha at one place was referred to as Subaye.com. Alpha was dissolved in Feb of 2008.
Conclusion: Alpha is now either Subaye or Myst. The 50 Million share sale was not an arms length transaction but a transfer of stock and money between subsidiaries. Thus the 6 cent price is not an indication of the value of Myst. This is good news.
——————— CNAM ——————–
China Armco Metals, Inc. (China Armco) imports, sells, and distributes metal ores and non-ferrous metals to the metal refinery industry in China. The Company import metal ore from global suppliers in Brazil, India, South America, Oman, Turkey, Iran, Libya, Nigeria, Indonesia, and the Philippines. It resells the metal ore to manufacturers of steel and other metal products in China. It sources a range of raw materials, which includes iron ore, coal, chrome ore, nickel ore, copper ore, scrap metal, and manganese ore. On June 27, 2008, the Company acquired Armco & Metawise (HK), Ltd. On December 30, 2008, the Company discontinued its business of distribution of organic fertilizer products.

Officers and directors
Kexuan Yao
Chairman of the Board, Chief Executive Officer
Age: 37
Fengtao Wen
Chief Financial Officer
Age: 34
Weigang Zhao
Vice General Manager of Armet Lianyungang, Director
Age: 30

website: http://www.armcometals.com/

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152 Comments on this post

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  1. norman anderson said:

    glen…LTUS…are you concerned with the impending dilution mentioned on pg 51 of 10Q??? brought up by poster on yahoo???

    thank you

    NORM

    August 17th, 2009 at 8:40 pm
  2. Glen Bradford said:

    from their 10-Q

    we will require an additional working capital of at least $350,000 to fund our current operations for the next 12 months

    Net cash provided by operating activities for the six months ended June 30, 2009 was $16,337,799 as compared to net cash provided by operating activities of $4,742,275 for the six months ended June 30, 2008.

    My opinion is that this is going to be very close and my forecast is that they will finance it through related party transactions. getting money into and out of china is near impossible (JGBO is another company struggling with this).

    we’ll see. i’m on the optimistic side of this train.

    August 17th, 2009 at 8:54 pm
  3. Glen Bradford said:

    from their 10-Q

    we will require an additional working capital of at least $350,000 to fund our current operations for the next 12 months

    Net cash provided by operating activities for the six months ended June 30, 2009 was $16,337,799 as compared to net cash provided by operating activities of $4,742,275 for the six months ended June 30, 2008.

    My opinion is that this is going to be very close and my forecast is that they will finance it through related party transactions. getting money into and out of china is near impossible (JGBO is another company struggling with this).

    we’ll see. i’m on the optimistic side of this train.
    Oops…forgot to say great post! Looking forward to your next one.

    August 18th, 2009 at 9:47 am
  4. norman anderson said:

    GLEN: i just came across KPPC p/e 4.41 p/b 0.67 q1=.39 q2= .64 trading at 5.30… i woul tkink with a fwd p/e od 9 = 2.50eps x 9 = $22.50 for a + 325% gain, or am i wackier than usual as wife would say??? what say you???

    i thank you

    NORM

    August 18th, 2009 at 10:30 am
  5. Alex said:

    Glen: could you please comment JGBO?

    August 18th, 2009 at 1:24 pm
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