If this company reports $9 million in revenue and reports $3 million in net income for the 2nd quarter, you will find that it is worth about $4 to $6 per share. http://valuepro.net/ Cash flow from operations supports $4 to $6/sh for CKGT.
how do we know that the figures they have reported / will be reporting are legit?! am i correct in assuming that the pps reflects skepticism about the legitimacy of the books of chinese stocks? if so, how does CKGT overcome this perception? i.e. they may report blow-out #'s but investors may still be reluctant to buy their shares. are they being independently audited by a legit company?!
I agree marmoolak14. The thing that really killed me on CKGT was their last lame attempt to do an offering. Then later backing out saying they would not do it - the damage was done at that point and has never recovered. I am just hoping after 8 months (the whole fraud thing with China companies) it will blow over and I can recover some of my loses.