Golden Elephant Glass (PINK:GOEG)

GOEG had been removed from the "On The Radar List". 

•  The GeoTeam® has not been able to locate any press releases via the major news wires since July of 2008.

• The GeoTeam® has not been able to locate a United States investor relations firm representing GOEG.  

• The GeoTeam® does not generally consider stocks that trade under $1.

Comments from the SEC form 424B3 may also warrant some attention, due to the sudden collapse of the global economy:

• Our business is seasonal and if we fall significantly short of our anticipated earnings the first and fourth quarters, it will significantly decrease the working capital available to us which may adversely affect our purchasing abilities. (Page 8)

• If there is a decline in economic activity in China and the other markets in which we operate or a decrease of sales of construction materials, automobiles or electrical household appliances, demand for our glass and glass products will decline and our revenue will decrease.(Page 7)

On a positive note the company's  SEC form 10Q , filed in November 2008,  did show growth in sales and EPS. 

Three months Fiscal 2008 vs 2007 Ended September

Nine months Fiscal 2008 vs 2007 Ended September

However, the economy has changed dramatically since November.  The GeoTeam® will wait for the filing of the 2009 10K and reevaluate the situation.