Below is the story Seeking Alpha is now trying to RETRACT. If you wonder why ... It was a very POSITIVE article, which CONFLICTS with their attempt to discredit SCEI, so they can SHORT the stock ... This POSITIVE article would make SEEKING ALPHA look very GUILTY in the SCEI LAWSUIT against them in NY ...
"Sino Clean Energy Finds Liquid Diamonds in China’s Coal Deposits"
February 17, 2011 Filed by Annie Wei
Sino Clean Energy, Inc. (SCEI) is a China-based producer of coal water slurry fuel (CWSF) — a highly viscous liquid fuel made from pulverized coal particles suspended in water. Expansion in production capacity and the addition of new customers have helped drive sales growth for Sino Clean Energy. The company reported $46.0 million in total sales in the year 2009, compared to $14.3 million in the previous year. The pace accelerated in the first nine months of 2010, with sales reaching $73.6 million, more than 2.5 times over the year-ago period.
Profits have followed sales. Profit margins have increased largely on better coverage of fixed costs at the higher sales levels even as raw materials costs have risen. The gross profit margin in the nine months ending September 2010 was 39.5% compared to 34.4% the same period in the previous year and 34.9% in the year 2008.
Cash flow from operations provides a good view on Sino Clean Energy’s financial performance. In 2009, the Company was successful in converting 21.1% of sales to cash from operations. The conversion rate increased to 28.9% in the first nine months of 2010.
Generating cash at that pace makes it look like Sino Clean Energy has found liquid diamonds in China’s coal deposits. After all carbon is carbon!
I know one thing, scei better get there act staright, quick. If naked shorts were responsible, for the pps at current level, when did they cover???????? Cause the pps is stuck or they didnt cover . What the hell is going on
Don't worry. With the $20 MILLION company SHARE BUYBACK, the $150K purchase by the CEO and the end of SEEKING ALPHA & ALFRED LITTLE, the SHORTS will be forced to cover very shortly.
All this will cause the SHORTS to PANICK BUY to cover their positions and drive the price of SCEI sky high!
The most intersting thing about that article is that the author blew the punch line!
The last sentance should read ...
"After all, diamonds are carbon!"
That is key theme of of the story. Everything was building toward that last line! The author must have preplanned that last line to be as I reworded it .. but then got distracted mentally by cocaine or pot or something and lost the gist of the article.
Really weird though how SA supposedly published it by mistake yesterday and then retracted it.