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China Bio-Energy Corp. Message Board

  • hemli_o hemli_o Oct 13, 2009 4:44 PM Flag

    annual report 2009 out great results

    0.23 eps in 2009
    in 4th q alon compar to 0.05 in 3 rd q and 014 in 9 months
    great results
    also cash increaed from 430000 to 1.2m
    cash flow posetiv of 8.99m
    wquity increased from 16m to 20m
    no need to cash through financing as per the report
    insrence agency just started

    hope to see 4 pe os 17

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    • Agree!!. Excellent 10K. Clean balance sheet. Steady growth. The next 10Q is due in November(30 days aprox.)

      • 1 Reply to hawkmdend
      • One of the big concerns I had was getting this puppy out.

        It also alleviates some of my fears on the very low cash. Read down the report and it says that cash was around $1 million.

        The report does say that they may or may not do any future stock offerings... rather boilerplate. They are definitely looking to expand... so it wouldn't surprise me that there will be one. I hope they're patient on this. They don't want to worry about NASDAQ delisting (below a buck).

        Sounds like it may me a year or so for the big bucks on their prepurchase of the software to be expedited. Anyone have any guesses on timeframe on this?

        I have a small position in this stock... may add more.

    • They had an ER as expected. They had a weaker 3-month compared to 2008 and a stronger year compared to 2008. Will see how the market responds. The P/E is relatively now ... will have a more impressive ER next quarter ending Sep. 30 (wondering when).

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