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Today huge volume that drives the price down the drain. This company is an interesting play for the long run. You need patience but it will work out.

It could be that Q4 EPS is higher than $ 0,02. I read the 10-Q filing again and they stated that things are getting better in Q4. They mentioned it several times.

Sales are generated by service charges and the sale of recyclable materials. The
sales for the three months period ended September 30, 2009 were $2,811,917,
representing $190,880 or 6% decrease compared to the sales of $3,002,797 in the
same period of 2008. Sales in the waste service business decreased from
$2,311,118 for the three months period ended September 30, 2008 to $2,188,996
for the three months period ended September 30, 2009, a decrease of $122,122 or
5%. Our waste service business expanded rapidly in the third quarter of 2008.
That is due to our effort in the market exploring. It went down slightly from
the fourth quarter of 2008 and maintained about $2,200,000 every quarter until
now. Sales in the material recycling business also decreased. It was $691,679 for the three months period ended September 30, 2008, however, this number went
down to $622,921 for the three months period ended September 30, 2009. It
decreased $68,758 or 10%. The decrese of sales in the material recycling
business was mainly due to the reduction of economic activities which caused by
the current economic crisis. But, compare to the decrease of 36% and 28% in the
first and the second quarter of 2009, this is considered a turn around
performance. Looking forward, Sancon will continue to generate better results in
the fourth quarter of 2009.

Sales for the nine months period ended September 30, 2009 were $8,149,544,
representing $154,361 or 2% increase compared to the sales of $7,995,183 in the
same period of 2008. Sales in the waste service business increased from
$5,961,561 for the nine months period ended September 30, 2008 to $6,608,222 for
the nine months period ended September 30, 2009, an increase of $646,661 or 11%.
In the year of 2008, Sales in the waste service business were not very good for
the first half year. Although it increased a lot in the third quarter, sales for
the nine months period ended September 30, 2008 still decreased compare to the
same period in the year of 2009. Sales in the material recycling business
decreased $492,300 or 24% from $2,033,622 for the nine months period ended
September 30, 2008 to $1,541,322 for the nine months period ended September 30,
2009. That is meanly because we are still suffering for the global economic
crisis in Australia. But things are getting better now.

Hello,

I have been waiting for this company, for it seems forever, to matrialize into something special.  It just can't get out of its $0.02 EPS range.  The company seems bullish about 2010, indicating that it might be the year of its breakout. I may have to interview them soon.

Maj, GeoTeam

Yesterday and today more volume than normal. Of course the fundamentals are low.

The environment market in China is booming but can this company really profit from it?

Who knows something more?