this company no longer even has any revenues, it has high amounts of debt and can only obtain capital by selling shares to insiders. From their most recent quarterly report...
"As shown in the financial statements, the Company has incurred loss of $57,450 for the six month period ended June 30, 2015 and, in addition the Company incurred losses of $260,314 and $93,608 for the years ended December 31, 2014 and 2013, respectively. As of June 30, 2015, the Company had an accumulated deficit of $39,997,479 and a working capital deficit of $1,241,841. These conditions raise doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate sufficient cash flow to meet its obligations as they come due which management believes it will be able to do. To date, the Company has funded operations primarily through the issuance of common stock and warrants to outside investors and the Company's management. "
Later it says...
"Sales for the six-month period ended June 30, 2015 and 2014 were $5,500 and $33,000, respectively. Sales for the three-month period ended June 30, 2015 and 2014 were $-0- and $16,500. Revenues were generated from Software License Agreement from our Smartmark™ Software. Sales for 2015 and 2014 were from one customer. As of February 1, 2015 the Company’s sole customer did not renew their contract for usage of the Company’s digital watermarking software. "
Do your own due diligence, but in my non-professional opinion this will be back trading at 0.10 sooner rather than later.
Wouldn't mind seeing this thing get to the low single digits a la 2008 again. People are scared of China regardless of the fact that they are getting a company with a book value of ~2.5x the current stock price that is making 20% on their money every year. Single digits wouldn't surprise me.
If HLA really wanted more control over the company, they should just push CYD to buy back stock.
I can understand the liquidity of the stock prevents a large scale buyback, but even just a few million shares over a year's time would be nice and it would account for the dilution they are issuing each year in lieu of cash dividends.
Best value stock I own, but terrible shareholder friendliness.