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China Green Agriculture, Inc. (CGA)

NYSE - Nasdaq Real Time Price. Currency in USD
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5.61-0.21 (-3.61%)
At close: 03:59PM EDT
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  • R
    Ryan
    Nothing new from these clowns...can't even get out an unaudited 10Q on time. LOL! : "The Company is unable to file this Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 within the prescribed time period without unreasonable effort or expense because additional time is required to complete the preparation of the Company’s financial statements in time for filing. This Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 will be filed as soon as practicable."
  • H
    Heiko
    We have a market cap of 87 Million US$- Bookvalue of 127 Million US$. Now we have an investor who is injecting 55 Million US$ ( 1,314,286 shares of its Common Stock to Ran Caihua for $19,714,290 and 2,286,857 shares of its Common Stock to Xu Xiuzhen for $34,302,855. )
    This creazy, but this is so creazy that this can be true! These holders still have the right to obtain additional shares for 15$ each.
    This is so crazy that this can be true

    "On November 23, 2021 , China Green Agriculture, Inc. (the "Company") entered into a Share Purchase Agreement (the "SPA") with certain non-US investors (the "Purchasers"), giving them the right to purchase up to 13,142,857 shares of the Company's common stock ("Issuable Shares"), par value $0.001 per share, at the price of $15 per share in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), in reliance on an exemption provided by Rule 903 of Regulation S and/or Section 4(a)(2) of the Securities Act. The aggregate purchase price for the Issuable Shares is up to $197,142,855.
  • H
    Heiko
    New SEC Filing, Breaking News. New shares issued
  • M
    MAX
    On November 23, 2021 , China Green Agriculture, Inc. (the “Company”) entered into a Share Purchase Agreement (the “SPA”) with certain non-US investors (the “Purchasers”), giving them the right to purchase up to 13,142,857 shares of the Company’s common stock (“Issuable Shares”), par value $0.001 per share, at the price of $15 per share in a transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on an exemption provided by Rule 903 of Regulation S and/or Section 4(a)(2) of the Securities Act. The aggregate purchase price for the Issuable Shares is up to $197,142,855.
  • c
    curtis
    I was about to invest in this. The financials looked very very good. But you have to do your due diligence. And even if you have formed a shareholder group, it doesn't mean you'll be left with anything at the end. Anyone that wants to invest, please read this first. I have no interest or short interest in this. Just looking out for other investors.

    http://securities.stanford.edu/filings-documents/1045/CGA00_01/2011613_r01x_1000648.pdf
  • c
    celuis
    My impression is that CGA directors are not in any hurry to raise the value of their shares.
    With this policy, many of us get tired and sell and while they buy super cheap shares.
    When they need it (and it will be before 06.30.2019), they will take out the news of the repurchase of own shares and of dividend payments, and they will have accumulated many more profits.
    Do not let us cheat, be patient and never sell and only buy at these levels !, (and up to $ 5 when we are approaching the date indicated).
    There is hardly any risk, the company has shown to be "real", it is expanding in a transcendental market for China and continues to earn more and more money and increasing its assets.
    It is a privilege to be able to get such cheap shares of such a company.
    This is only my impression, Luck.
  • A
    Anonymous
    As of March 31, 2019, cash and cash equivalents were $69,242,037, a decrease of $81,563,602, or 54.1%, from $150,805,639 as of June 30, 2018. Does anyone know if this was used to increase inventories and advances to suppliers? if not, what? Trying to determine if this is a temporary reduction.
  • c
    celuis
    Does anyone know (or intuit) something that could justify such a rapid rise (and with enough volume), of the shares of CGA in these last two days?
    I would appreciate opinions !.
  • r
    rickt
    From the SEC filings yesterday: "

    We plan to enter into a Share Purchase Agreement (the “Share Purchase Agreement”) with ten non-US investors (the “Purchasers”), giving them the right to purchase an aggregate of 13,142,857 shares of our common stock (“Issuable Shares”) at the price of $15 per share in a transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on an exemption provided by Rule 903 of Regulation S and Section 4(a)(2) of the Securities Act. The aggregate purchase price for the Issuable Shares is $197,142,855. A copy of the Share Purchase Agreement, yet to be entered into by the Company and the Purchasers, accompanies this proxy statement for shareholder review and approval."

    More BS in my opinion. Why would someone pay $15 a share for something they can buy all day at $10? I would bet you won't see an increase in cash position at the end of the year of $197M.
    Bearish
  • J
    James
    CGA just sold 471,000 shares at $12 per share for $5.6M (see SEC filing). The shares are unregistered and were sold to the same company that bought 500,00 shares in April (Shaanxi Baoyu Science and Technology Investment Company). Li's ownership and shares recently sold by CGA now amount to 47% of outstanding shares. It looks to me that Li is trying to get enough shares to secure a majority on any future vote. Looks like he wants to go private or merge the company with some other entity and want to make sure he has the control to do whatever he wants.
  • c
    celuis
    Does anyone know or guess what may be the cause of this drop in the value of CGA shares?
  • c
    celuis
    What do you think is due to this sharp rise in the shares of this company? But fundamentally significant of this rise is what happens with such a large "hiring volume".
    Bullish
  • S
    Steve
    "On April 5, 2021, China Green Agriculture, Inc. (the “Company”) entered into certain Security Purchase Agreement (the “SPA”) with certain “non-US persons” as defined in Regulation S (“Regulation S”) promulgated under Securities Act of 1933, as amended (the “Securities Act”) (the “Purchasers”) in connection with a private placement offering (the “Offering”) of 2 million shares (“Shares”) of common stock, par value $0.001 per share, of the Company. The purchase price per share of the Offering is $7.00. The transaction contemplated in the SPA closed simultaneously with the execution of the SPA."
    https://www.sec.gov/edgar/search/#/dateRange=custom&entityName=cga&startdt=2021-02-01&enddt=2021-04-19
  • S
    Sandra
    Some interesting points from their 10Q:
    1. Book Value for CGA is $31.86
    2. Gross Profit $14.4M (increased from 14.7% to 16.8%)
    3. Doubtful accounts allowance $37.1M (22.8% a decrease from 26.7% of 6/2020)

    Overall a very good step on the right direction. However, a much further reduction of SG&A is required to turn a profit.
  • J
    James
    To better communicate with CGA management, we have formed a shareholder groupt. Our group now has shareholders representing over 2.7 million shares (>7% share ownership). If you would like to join the group, please email me at CGAshareholders@yahoo.com and let me know how many shares you have. I will seek your opinion on our communication and keep you informed on CGA management's response.
  • c
    celuis
    What is happening today?
    Who can tell me something?
    It seems that at last, we are going to see our trust with CGA rewarded, and our fidelity with this fidelity with this company.
  • H
    Hrin Doon
    Convertible notes Explanation

    Many thanks to Karel for your explanation!

    There are 630,000 convertible notes floating (used to finance acquisitions), 510,000 maturing on June 30th 2019 and 120,000 at Dec 30th 2019. They have been given a nominal value of 100 RMB each have an annual interest rate of 3%.

    After the mature date they stop gaining interest and the note holders can convert the notes into common stock. At the mature date what happens depends on the share price:

    If 75% of the share price is less than 5$ (share price is < $6.66), they will be converted as #stocks = (note nominal value with interest) / $5.

    So with current conversion rates:

    #stocks = (630,000 * 100RMB * (1.03)^3) converted to dollar / $5 = $10,850,000 / $5 = 2,170,000

    If 75% of the share price is more than 5$, they will be converted as #stocks = (note nominal value with interest) / (75% of share price at date of conversion).

    Now it depends on the share price, let's assume the share price is $10 at the time of conversion, then

    #stocks = (630,000 * 100RMB * (1.03)^3) converted to dollar / (0.75 * $10) = $10,850,000 / $7.5 = 1,446,000

    tl;dr

    At worst 5.63% stock dilution (2,170,000 new shares if share price < $6.66), but less dilution if the stock price > $6.66.

    source:

    https://www.sec.gov/Archives/edgar/data/857949/000121390016017365/f10k2016ex4ii_chinagreen.htm
  • R
    Ryan
    The 3rd Quarter 10Q has been released prior to a press release. That's weird! Will they even disseminate a press release or convene a earnings call?? The numbers look good...not sure why they wouldn't want to talk about the quarter. More than $150 million in cash assets now.
  • T
    THOMAS
    Cash And Cash Equivalents 69,242.037 net assets 387 million market cap 18 million how is this possible???
  • K
    Karel
    I noticed they put up a new website. It could still use a bit of work but I'm glad they're keeping word, maybe the shareholders will get some love after all.

    http://www.cgagri.com/
    Our company, China Green Agriculture, is a State of New Jersey registered US company with its main operations in PR China. Our principle operations are conducted through our PRC subsidiary Green Agriculture Holding Corporation., Ltd which produces an
    Our company, China Green Agriculture, is a State of New Jersey registered US company with its main operations in PR China. Our principle operations are conducted through our PRC subsidiary Green Agriculture Holding Corporation., Ltd which produces an
    www.cgagri.com
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