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 Tracking 1027 U.S. listed China Stocks and Counting...
 Tracking 1320 U.S. Stocks and Counting...

During the quarter ended June 30, 2010, the Company began winding down its operations. During the fourth quarter ended June 30, 2010, the Company did not have any operating income. The weak economic market, which resulted in a significant decline in revenues of all areas of the Company’s business, led to the Company’s decision to wind down its operations. Thus, the Company currently has no business operations and is considered a shell company. Management is currently looking to either sell shares of the Company to a third party through a reverse acquisition or complete a business combination or other similar transaction.

New Venture:

Based in the city of Zhangzhou, Fujian Province, China, Ding Neng Bio-tech is principally engaged in the production, refinement and distribution of biodiesel fuel. It operates a biodiesel manufacturing facility in Zhangzhou, the annual aggregate capacity of which has increased from approximately 20,000 tons in 2009 to approximately 40,000 tons in 2010. Ding Neng Bio-tech believes its rapid growth in recent years has been supported by the continuing expansion of the market for biodiesel in the PRC. According to China Commodities Daily, this market was forecasted to reach 1 million tons in 2010, which is 20% more than the expected domestic biodiesel production volume in the PRC.

Currently the raw materials used in Ding Neng Bio-tech’s production of biodiesel are refined animal fats and crude and refined vegetable oils. The multi-feedstock technology employed in its biodiesel production process enables it to utilize different feedstocks based on availability and price. Ding Neng Bio-tech acquired a 1000mu (approximately 165 acres) Sapindus “mother-tree” plantation located in Zhejiang Province in 2010. Ding Neng Bio-tech expects to use the “mother-tree” plantation as the foundation for its intended expansion to a 1,000,000 mu (approximately165,000 acres) Sapindus forest in the next 3-5 years, which, if successful, is expected to provide one-third of the total feedstock required for its biodiesel production beginning in 2013.

Ding Neng Bio-tech currently markets its products to various oil companies located in Fujian province.

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Sticky7181 Addfavorites CHIO
 

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Public2930 Addfavorites CHIO
 

When company's begin blaming short-sellers in lieu of  fundamental inadequacies.. It is game, set , match.

Maj

Public2921 Addfavorites CHIO
 

As suspected (see my previous posting on CHIO), there is a clear revenue-growth problem with this company. Last week they filed their first Quarter results for 2010, and revenue has declined dramatically (from 4mio$ to 670K!!).

It also seems that they are burning cash at a quick pace, so it could mean that they will have to raise capital in the near future. As we often experience in the China Hybrid Space, this could mean a horrible dilution. Especially when the stock price is artificially depressed due to short-activity by naked short sellers.

So in my opinion, the press release of today, revealing that they will combat the naked short shellers, is rather a sign of bad news coming than of good news.

Although we could see a short squeeze today, my advice is not to buy until the fundamental growth path of CHIO is resumed. Even if this stock might seem extremely cheap.

 

Xantu

Public2255 Addfavorites CHIO
 

Dutchtrader could you email me at hompie@ziggo.nl , cant find you on IEX.

Thanks.......

Public2212 Addfavorites CHIO
 

It has been on the radar lately and maybe we are going to test the $ 1.00 mark soon. Most of the short term indicators are positive on a technical basis.

I was lucky to buy this one at $ 0.41 and stick to it, because I think the coming quarters are going to be much better. The insurance market in China is booming and with the new president Mr. Han they have an experienced person on the right place.

 

 

Public2116 Addfavorites CHIO
 
Public2113 Addfavorites CHIO
 

Dutchtrader,

Be careful!

In fact, their EPS for this quarter was only 0,03$. Last quarter it was 0,08$. So that's clearly declining and not really encouraging in a growth country like China. Furthermore since I bought my first CHIO's 6 months ago, EPS was always positive, but declining for the consecutive quarters.

A few weeks ago they announced a new contract which is valued 1,750,000 $. I think, that if they are announcing such a small contract, it might mean that they have nothing else to tell.

You are right though, that if all the "if's" an "might's" associated with their new business initiative, become realised, it will be a bargain at these price-levels.

However, I think there are enough alternatives with low PE's at the moment, whose EPS are improving every quarter.

 That's why I sold all my shares at 0,5$ (and took my losses).

Good luck on your investment!

 

Xantu

Public2097 Addfavorites CHIO
 

They came today with results $0.11 for the first 6 months vs. $0.08...........the company wants to build up an online insurance supermarket where people can buy their insurance. I guess this has to be a big market with a huge potential. I bought today some shares at these level ($0.51), just for the long run. The company got a delisting note what also got some pressure on the stockprice. They had some problems with their insurance advertising business but their software business was solid as a rock. I guess if they can make the big turnaround the coming quarters this stock will be trading at $ 2.00 before the end of the year.

Public2063 Addfavorites CHIO
 

China INsonline is clearly not on the radar. The price is already months in a downtrend. Book value is $ 0.58 and they run as it seems a profitable business.

Who can give me a clear update and is it worthly to invest in for the long run?

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