GeoInvesting - Single Message View

MESSAGE BOARD

Welcome Guest !

My GeoBuzz

WKBT

Research this Stock

Weikang Bio-Tech (OOTC:WKBT)
Category:
Moderator: Nitin
Co-Moderator: Randip
Set As Favorite
Subscribers(1)

Request to Moderate / Co-Moderate

The Company is principally engaged in developing, manufacturing and distributing health and nutritional supplements in China, in compliance with Chinese requisite licenses and approvals. The Company also expands its business scope to develop, manufacture and distribute Chinese herbal extract products and GMP certified western prescriptive medicine through the acquisition with Tianfang by Heilongjiang Weikang.

See Full description

GeoAlerts

Yesterday, 9:32 AM
Tell us what you think about today's seemingly dire employment data. Click here.
Yesterday, 9:03 AM
Orient Paper (NYSE AMEX:ONP) announced that its board of directors declared a quarterly cash dividend of $0.0125
Yesterday, 9:01 AM
Glg Life Tech Corp (NASDAQ:GLGL) announced today its intention to delist its shares from NASDAQ
Thursday, May 31, 2012, 09:07 AM
Nq Mobile (NYSE:NQ) announced that A Wireless will offer NQ Mobile Guard at more than 125 retail locations across the United States.
Thursday, May 31, 2012, 09:05 AM
Biostar Pharmaceuticals (NASDAQ:BSPM) provides update regarding Gel Capsule safety issues.
Thursday, May 31, 2012, 09:04 AMmore...
Please see our China/Hybrid March quarter earnings blog for select companies reporting earnings today. Taomee Holdings (NYSE:TAOM), Ossen Innovation Co (NASDAQ:OSN), China Nepstar Chain Drugs (NYSE:NPD)
Wednesday, May 30, 2012, 09:22 AM
China Bak Battery (NASDAQ:CBAK) receives NASDAQ noncompliance notice.
Wednesday, May 30, 2012, 09:03 AMmore...
Please see our China/Hybrid March quarter earnings blog for select companies reporting earnings today. E-Future Information (NASDAQ:EFUT), Yingli Green Energy (NYSE:YGE), Perfect World Co (NASDAQ:PWRD)
Wednesday, May 30, 2012, 09:01 AMmore...
Smartheat (NASDAQ:HEAT) shares halted. Today announced the resignations of Mr. James Jun Wang, Chairman of the Board of Directors (Board), President and CEO, Mr. Wen Sha, Vice President of Marketing, Mr. Xudong Wang, Vice President of Strategy, and Ms. Zhijuan Guo, Chief Financial Officer.
Tuesday, May 29, 2012, 09:19 AM
Ambow Education Holdings (NYSE:AMBO) files annual report on form 20-F
Tuesday, May 29, 2012, 09:16 AM
Chinacache Intl (NASDAQ:CCIH) announces $10 million share repurchase program.
Tuesday, May 29, 2012, 09:15 AM
Bullish Seeking Alpha article on Ambow Education Holdings (NYSE:AMBO)
Tuesday, May 29, 2012, 09:12 AM
Focus Media Holdings (NASDAQ:FMCN) reports strong earnings. See our earnings blog for more details.
Tuesday, May 29, 2012, 09:05 AM
Bullish Seeking Alpha article on GeoBargain on the radar Trans World (PINK:TWOC)
Tuesday, May 29, 2012, 09:00 AM
ALRX now trades as Alpharx (OTC BB:ALRXD).
Tuesday, May 29, 2012, 09:00 AM
AOB now trades as (PINK:AOBI).
Tuesday, May 29, 2012, 09:00 AM
BLTI now trades as Biolase (NASDAQ:BIOL).
Friday, May 25, 2012, 09:26 AMmore...
GeoBargain on the radar Delphi Automotive (NYSE:DLPH) announces negotiations to acquire FCI Group’s (“FCI”) Motorized Vehicles Division (“MVL”).
Friday, May 25, 2012, 09:00 AM
ZOOG now trades as Indiepub Entertainment (PINK:IPUB).
Thursday, May 24, 2012, 09:29 AMmore...
Dehaier Medical Systems (NASDAQ:DHRM) announces extension of exclusive distribution authorization of Intermedical (IMD's) RADIUS C-arm X Ray machine in mainland China

more GeoAlerts...

Comming Soon

Board Tips & Tricks: (View All)

After you subscribe to a Board, use the boards drop down menu at top of page to see it listed in your Favorite Boards screen.
You can click the number in parentheses next to a username in order to see all GeoInvesting messages posts by that user.
In message lists, use the orange arrow at the right to expand the messages for quick reading.
You can direct your posts towards certain users in the "Send as Alert to User(s)" field when composing a post. The message will be forwarded to their GEO inbox and real email.
Categorize your posts!!! There are 10 different kinds of post types. We will all then be able to filter all message lists by post type.
Search the boards by stock symbol, user name, or just in general. You will be given those options when entering text in the search field.
Place a $ in front of symbols in your posts. The stock name and exchange will then be included. (example: $CCME) This is also helpful when tweeting the message since aggregators such as stock twits will pick it up.

whitetiger 25-Mar-2011 06:48 PM

Post Type: Answer

Mike... Well, I am really no longer the ChinaHybrid Space right now. Major long positions a (#6277) In Response to original message: #6270 posted by Mike105 on 14-Jan-2011 03:01 PM

Mike... Well, I am really no longer the ChinaHybrid Space right now. Major long positions are Yongye Intl (NASDAQ:YONG) China Techfaith Wireless (NASDAQ:CNTF) Lj Intl (NASDAQ:JADE) Tri-Tech (NASDAQ:TRIT). I have SAIC filings for YONG and TRIT. Partial filings on JADE (missing a few subs that the company will not fricken supply me with the Mandarin names.. can you believe this??)

Weikang Bio-Tech (OOTC:WKBT).. I have not done on-the -ground DD yet, although Zack Buckley did visit them on a recent trip and took a short video. I really hated the last raise and the reasons for it, so I eventually sold. Marketing campaign? there was no need for the raise.. period. They are not near full capacity, claimed a healthy cash position and received a lengthy extension on registered capital requirements. I always wondered why they could not receive committed capital at the inception of the RTO transaction.

also:

did not notice any guidance in the last release
wording in the 4th qtr release hints that they may tap capital markets again, especially since they really did not address liquidity needs in the 2010 10K
little concerned about internal controls. Check out the bolded statement in the 2010 10K:

Net cash provided by financing activities was $4.35 million for 2010 compared to $2.55 million cash outflow for 2009. The cash inflow in financing activities for 2010 mainly consisted of proceeds of $4.32 million from stock issued in a private placement. The net cash outflow in financing activities for 2009 mainly consisted of payment of $3.81 million for the remaining portion of the acquisition price of Tianfang; net of a repayment of sales receipts of $1.26 million from management previously deposited into a personal bank debit card owned by the Company’s officer mainly for the purpose of convenience on payment collection.

Now I am not saying this is a big deal, as they did disclose this transaction, but i still want to take a look at it.

I have been attempting to have management provide me with some info that will help shed light on financials

I will let you know what I find. I do want to like this company, but i need to assume guilty until proven innocent in this space right now.

Subject :

Mike... Well, I am really no longer the ChinaHybrid Space right now.&nbsp;Major long positions are &nbsp;$YONG $CNTF $JADE $TRIT. I have SAIC filings for YONG and TRIT. Partial filings on JADE (missing a few subs that the company will not fricken supply me&nbsp;with the Mandarin names.. can you believe this??)

	$WKBT.. I have not done on-the -ground DD yet, although Zack Buckley did visit them on a recent trip and took a short video. I really hated the last raise and the reasons for it, so I eventually sold. Marketing campaign? there was no need for the raise.. period. They are not near full capacity, claimed a healthy cash position and received a lengthy extension on registered capital requirements. I always wondered why they could not receive committed capital at the inception of the RTO transaction.

	also:
<ul>
	<li>
		did not notice any guidance in the last release</li>
	<li>
		wording in the 4th qtr release&nbsp;hints that&nbsp;they may tap&nbsp;capital markets again, especially since they really did not address liquidity needs in the 2010 10K</li>
	<li>
		&nbsp;little concerned about internal controls. Check out the bolded statement in the 2010 10K:</li>
</ul>

	Net cash provided by financing activities was $4.35 million for 2010 compared to $2.55 million cash outflow for 2009. The cash inflow in financing activities for 2010 mainly consisted of proceeds of $4.32 million from stock issued in a private placement. The net cash outflow in financing activities for 2009 mainly consisted of payment of $3.81 million for the remaining portion of the acquisition price of Tianfang; net of a repayment of sales receipts of $1.26 million from management previously deposited into a personal bank debit card owned by the Company&rsquo;s officer mainly for the purpose of convenience on payment collection.

	Now I am not saying this is a big deal, as they did disclose this transaction, but i still want to take a look at it.

	I have been attempting to have management provide me with some info that will help shed light on financials

	I will let you know what I find. I do want to like this company, but i need to assume guilty until proven innocent in this space right now.

Related Stocks :

Post Type :