China Shandong (PINK:CSNH)

China Shandong Industries completed its reverse merger on January 21, 2009.

Company snapshot:

Global marketer of straw-wicker products, wooden crafts and solid wooden furniture.  Its products are sold by well known mass market retailers including Wal-Mart, ABM Group, Argos Limited, IKEA, Zara and others.

Post Merger Share Calculation:

• 1,046,500: Pre reverse merger outstanding shares
• 875,000: Shares cancelled as part of the Share Exchange
• 1,543,500: Newly issued shares of Common Stock

GeoTeam® best effort calculation of total post reverse merger outstanding shares after 15 for 1 forward split and assuming full conversions:  25,725,000

Financial Snapshot: (June Year)

• In 2008, the company achieved sales of $43 million and net income of approximately $6 million. This works out to ProForma EPS of $0.23.
• In 2009, the company achieved sales of $53.7 million and net income of approximately $7.7 million. This works out to ProForma EPS of $0.30.
• In the first six months of fiscal 2010 the company achieved sales of  $29.7 million and net income of $4.6 million. This works out to ProForma EPS of $0.18.
• Still awaiting financial for the back half of 2009.
• Book value per share as of June 2009: $1.13.

 Source: SEC 8K (November 12, 2009)