China Integrated Energy (PINK:CBEH)

As a result of the offering and cash provided by operating activities, we believe we have sufficient working capital to sustain our current business for the next 12 months due to expected increased sales volume and net income from operating. We anticipate spending $8.2 million to purchase a 51% equity interest of a finished oil distributor in Chongqing. We also anticipate spending $9 million to acquire a chemical production plant in Hainan Province for the construction of a new 300,000 ton biodiesel production facility.

GeoTeam Note:  We believe that CBEH has left the door open for another capital raise since its 10K states that  it will have sufficient working capital to sustain its current business for the next 12 months, as opposed to commenting that it has capital to expand past current business goals.