Sinocoking Coal & Coke (NASDAQ:SCOK)

Became public via a reverse merger on February 5th, 2010.

Company Details

• SinoCoking currently holds mining rights for approximately 2.5 million tons of coal from mines located in central China.
• SinoCoking began producing metallurgical coke in 2002, and since then has expanded its production to become an important supplier to regional steel producers in central China.
• Coke, which is an essential ingredient in steel-making, is manufactured in SinoCoking`s on-site facilities by heating selected coal with certain thermal and chemical properties at extremely high temperatures in an oxygen-free environment.
• For the year ending June 30, 2009, SinoCoking produced and sold 154,631 tons of coke, 55,360 tons of washed coal, and 72,923 tons of raw coal, and generated $51 million in revenue from sales consisting primarily of these products.
• During its 2009 fiscal year, SinoCoking had audited net income of approximately $17 million on a GAAP basis."
• Currently, the demand from our customers significantly exceeds our current production capacity, and we think that demand from Chinese industrial purchasers will continue to increase.

Post Merger Share Calculation:

• 405,709:Pre reverse merger outstanding shares (After Reverse Split)
• 13,117,952:Shares of Common Stock issued in connection  with merger. 

GeoTeam® best effort calculation of total post reverse merger outstanding shares assuming full conversions:  13,523,661

2009 Proforma EPS: $1.26

Note: The reverse merger agreement allows for The issuance of shares in connection with a financing which may consist of debt or equity or a combination of both, involving the issuance of the Company’s securities for $50 million to $75 million in gross proceeds.