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China Green Agriculture, Inc. (CGA)

NYSE - NYSE Delayed Price. Currency in USD
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9.47-0.93 (-8.94%)
At close: 4:00PM EDT
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  • 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.
  • P
    Paul
    Buy the dip!
  • r
    rickt
    Well we probably won't see a press release but today or Monday probably going to be a 10-Q quarterly results filing that will set the tone for the stock price. Every year but one in the last 5 years it's been filed on 5-15.
  • P
    Paul
    CGA continues its upwards trend. Although this is a mysterious share my gut feeling tells me that this is not het the end of the increase. 20 or 30$ are no longer imaginary
    Bullish
  • J
    Jeffrey B
    Can we stay above $15.00 today? Sure, why not? 😁
    Bullish
  • R
    Ryan
    Another 10Q released and another huge loss...what else is new! CGA is now down to $5 million in cash from $150 million "on the books" a couple of years ago. There must be some type of stock price manipulation going on for the price of this stock to have increased so much since the beginning of year. I find it amazing that the diehard advocates of the company continue to support such a dishonest management team.
  • b
    bo
    their preliminary proxy seems to be introducing three new directors to the Board, all related to cryptocurrency/blockchain
  • m
    monty
    Hey...so for you all that can predict the past, lets hear your future predictions :)
  • 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
    Steve
    This is what we call a Chinese Pump and Dump. They sell shares for $7 two weeks ago, then the outfit that buys it nudges the price up with small orders of 100 shares at the ask. The bots move up a little, they repeat, until chasers start to think something is really happening. NO NEWS. When it gets high enough, THEY START DUMPING so that it doesn't tank below $7. This company's financials are terrible. Classic P&D
  • c
    celuis
    Something important has changed in this company. And I think that (although the company is still totally "dark" in the face of shareholders), there are some of these shareholders (probably those close to the managers) who know it, and they are the ones (with their purchases) that make it go up the price of CGA's shares.
    Note that these current purchases are very localized and with a lot of contracting volume. They do not want the share price to rise much, to continue buying cheap, and to continue with their policy of increasing the proportion of national capital in the company.
    Although all that I expound is just my opinion, based (yes) on the many years that I have been (with a lot of patience) being a shareholder of this company; Now I am quite optimistic in relation to the fact that the price of its shares rises to a level in accordance with its very good financial situation, and the high expectations that its business has to have in a country like China, and in an area of the Asian continent with so much population density.
    A "little good" that the management does and ..., the future of this company could not be more hopeful.
    I wish luck to all of us who (with infinite patience) continue to trust CGA
    Bullish
  • D
    DINESH
    I shorted heavily yesterday and rewarded today
    Bearish
  • S
    Steve
    2 million shares sold 2 weeks ago for $7.00.
    https://www.sec.gov/edgar/search/#/entityName=cga
  • P
    Pro Q
    May come down to $7
  • H
    Hristo
    Just shorted this, looking forward to covering at 9 today
    Bearish
  • k
    karl
    Real company with real products in the biggest market in the world, the Chinese government wants them to succeed due to the growing importance of agriculture in China.
  • T
    Tony U.
    The runup will end ugly for a lot of investors. RSI is way overbought, and this is now trading at what it was trading about 2 years ago.
    Bearish
  • A
    Anonymous
    Got out at $12.15, made 115%, that's enough.
  • c
    celuis
    Big move up in CGA shares.
    It seems that it is finally going to happen, what some of us have waited for so long.
    We have had confidence and patience.
    I think we deserve it.
    Good luck for all of you. We must keep waiting, the best may be yet to come.
    Bullish
  • k
    karl
    This is a real company with real products , it will trade in high 20s before year is over and that conservative estimate.