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China Bio-Energy Corp. Message Board

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  • rhalisd rhalisd Oct 13, 2009 5:10 PM Flag

    annual report 2009 out great results

    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.

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