GeoInvesting Research, GeoAlerts, and GeoWire Releases

Charter Communications (CHTR) - GeoSpecial Notes

Sat, 04 Feb 2012 05:00:00 GMT

On January 26, 2012 we removed CHTR from the GeoSpeicial List @ 59.55

Added to the GeoSpecial list on March 15, 2011 @$35.45. Also see intial our research note on March 10, 2012.

Peak performance: Reached a high of $61.15 on April 29, 2011 for a maximum potential return of 72.5%.

Catalyst: Exited Chapter 11; Company reduced debt by around $8 billion; Company reduced expense by over $800 million; Uplisting to a major exchange was imminent.

Current road block: At its current price CHTR is trading at forward P/E of 34.8 on 2012 EPS estimates of $1.67 . We are still considering retaining some exposure to CHTR. Adjusted EBTDA is tracking at about $24.22. Historically, companies that operate in CHTR's industry have traded as high as 6 times EBITDA. This would translate into a potential price target of $145.

Current Price: $58.17

Asiainfo-Linkage (ASIA) - Comments & Business Outlook

Fri, 03 Feb 2012 05:00:00 GMT

HONG KONG--(BUSINESS WIRE)--Asia Entertainment & Resources Ltd. (“AERL”) (NASDAQ: AERL), which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, today announced unaudited Rolling Chip Turnover (as defined below) for the month of January 2012 at the company’s three VIP rooms in Macau was US$1.707 billion, up 24% year-over-year, compared to US$1.374 billion for the month of January 2011. This compares with a year-over-year increase in gross gaming revenue for Macau of 35% for January 2012.

The growth in Rolling Chip Turnover was attributable to organic growth, increasing cage capital from the increased line of credit and the May 2011 opening of a VIP room at the new Galaxy Macau™ in Cotai.

“We performed strongly during the last eight days of January, which encompassed the Chinese New Year period,” said AERL Chairman Lam. “Our Rolling Chip Turnover during those last eight days was US$823 million – an average of over US$100 million per day – which is a 24% increase compared to the same days in last year’s Chinese New Year period, which occurred in February. While we outperformed last year’s results, our Rolling Chip Turnover for January 2012 was negatively impacted by a higher than normal 3.99% win rate during the period before the Chinese New Year (average normal win rate is 2.85-3.00%), which effectively reduced Rolling Chip Turnover. Despite the high January win rate, play volumes continue to be strong in our VIP rooms and we expect 2012 to be another year of significant growth for Macau and AERL.”

Euro Tech Holdings Co (CLWT) - Investor Alert

Fri, 03 Feb 2012 05:00:00 GMT

HONG KONG, February 3, 2012 /PRNewswire-Asia/ -- Euro Tech Holdings Company Limited (NASDAQ: CLWT, the "Company") today announced that on February 1, 2012, it received a compliance letter from the NASDAQ OMX notifying the Company that because the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater from January 18, 2012 to January 31, 2012, the Company has regained compliance with Listing Rule 5550(a)(2).

Silicon Motion Tech (SIMO) - Comments & Business Outlook

Fri, 03 Feb 2012 05:00:00 GMT

Fourth Quarter 2011 Results

Net sales increased 6% quarter-over-quarter to US$67.1 million from US$63.2 million in 3Q11
Gross margin (non-GAAP[1]) increased to 49.8% from 49.4% in 3Q11
Operating expenses (non-GAAP) increased to US$16.6 million from US$14.8 million in 3Q11
Operating margin (non-GAAP) decreased to 25.1% from 26.0% in 3Q11
Diluted earnings per ADS (non-GAAP) increased to US$0.47 from US$0.40 in 3Q11

"We are excited to report that the US$67.1 million revenue for the fourth quarter and the US$224.3 million revenue for full year 2011 are the highest quarterly and annual revenue in the Company's history. Revenue for full year 2011 grew a strong 69% when compared to 2010. We delivered stellar sales this quarter while at the same time increasing gross margins. Our revenue this quarter benefited from continued strength of our mobile storage OEM business together with unexpected growth from our module maker business. These strengths more than offset the expected, temporary mobile communications slowdown in the quarter.

Business Outlook:

Silicon Motion's President and CEO, Wallace Kou, added:

"2011 was another outstanding year for Silicon Motion and we are excited and proud to have delivered a strong 69% revenue growth, especially when global economic conditions were challenging. We are therefore also excited about generating further growth in 2012 from our card controllers, as well as new growth products such as LTE transceivers and eMMC controllers. We believe our new growth products could account for about a quarter of our total revenue this year and perhaps more next year.

For the current first quarter, we expect our overall mobile storage revenue to decline sequentially because of seasonal factors and stronger than expected module maker device build in the prior quarter. We believe that our LTE transceiver business should grow as new handset design-wins begin to ramp, which should partially offset mobile storage weakness."

For the first quarter of 2012, management expects:

Revenue to be down 5% to 15% sequentially
Gross margin (non-GAAP) to be in the 47% to 49% range
Operating expenses (non-GAAP) of approximately US$15.5 to US$17.0 million

For the full year 2012, management expects:

Revenue to be up 20% to 30% compared with full year 2011
Gross margin (non-GAAP) to be in the 48% to 50% range
Operating expenses (non-GAAP) of approximately US$65 to US$70 million

Spectrum Brands Holdings (SPB) - Comments & Business Outlook

Fri, 03 Feb 2012 05:00:00 GMT

First Quarter 2012 Results

Net sales of $848.8 million for the first quarter of fiscal 2012, a decrease of 1.4 percent compared with $861.1 million for the same period in fiscal 2011.
Adjusted diluted earnings per share of $0.69, a non-GAAP measure, for the first quarter of fiscal 2012, an increase of 46.8 percent compared with $0.47 in fiscal 2011’s first quarter.

With our solid first quarter reported today, we believe we are on target to deliver yet another year of measured growth and additional value creation in fiscal 2012,” said Dave Lumley, Chief Executive Officer of Spectrum Brands Holdings. “We posted strong EPS in the quarter versus a loss per share in 2011, and, perhaps most importantly, achieved a third consecutive first-quarter record for adjusted EBITDA of $125 million, a 2 percent improvement.

“Spectrum Brands is truly on the move, and these are exciting times for our Company,” Mr. Lumley said. “We expect higher net sales, a swing to net income from a net loss, and improved adjusted EBITDA and free cash flow in fiscal 2012 from organic growth and bolt-on acquisitions, along with a continued emphasis on debt paydown and balance sheet deleveraging. Spectrum Brands’ time is truly now.”

Fiscal 2012 Outlook

The Company expects fiscal 2012 net sales to increase at or above the rate of GDP. The Company further expects net income in fiscal 2012 versus a net loss in fiscal 2011, with fiscal 2012 adjusted EBITDA expected to grow at a higher percentage increase than net sales. The Company also reaffirms its fiscal 2012 goal of at least $200 million of net cash provided from operating activities after purchases of property, plant and equipment, or free cash flow. Capital expenditures are projected to approximate $45 million in fiscal 2012.

Common Stock Repurchase Program

In October 2011, the Company’s Board of Directors approved a new $30 million common stock repurchase program. The authorization is effective for 12 months. The repurchase program may be suspended or discontinued at any time.

During the first quarter of fiscal 2012, the Company repurchased 491,297 shares of its common stock at an average price of $26.41 per share, for a total cost of $13.0 million.

Telular (WRLS) - Acquisition Activity

Fri, 03 Feb 2012 05:00:00 GMT

Item 2.01. Completion of Acquisition or Disposition of Assets.

On February 1, 2012, Telular purchased 100% of the capital stock of SkyBitz, Inc. (“SkyBitz”). SkyBitz provides mobile resource management solutions focusing on over-the-road tracking via satellite. SkyBitz’s satellite-based technology provides real-time visibility of many asset types, including truck trailer, intermodal containers, sea-going containers, rail cars, power generators and rental equipment. The purchase will be accounted for using the purchase method. Under the terms of the agreement, Telular paid approximately $45 million comprised of approximately $36 million in cash and 1,020,000 shares of Telular’s common stock, valued at approximately $9 million. The cash portion of the consideration will be funded with a $30 million five year term loan from Silicon Valley Bank (“SVB”) and approximately $6 million from Telular’s cash on hand.

Tudou Holdings (TUDO) - Comments & Business Outlook

Fri, 03 Feb 2012 05:00:00 GMT

SHANGHAI, February 3, 2012 /PRNewswire-Asia/ -- Tudou Holdings Limited (NASDAQ: TUDO) ("Tudou" or the "Company"), a leading integrated Internet video company in China, announced today an enhanced video sharing platform for Sina Weibo (NASDAQ: SINA) users to upload and share videos seamlessly to and from Tudou's video site. The enhanced functionality builds upon the existing cooperation between the two companies. Tudou is the first third party video site to enable this level of enhanced functionality for Sina Weibo users, who can now share their video content on Tudou's platform.

In addition, Sina Weibo users who are not registered with Tudou, but wish to share their videos with Tudou's users, will automatically become a registered Tudou user. Their user account names at Tudou will be identical to their Sina Weibo account names. Sharing functionalities enable users to sync comments and discussions on both platforms.

Tudou is currently one of the most popular video sites for sharing videos on Sina Weibo. Tudou video clips on Sina Weibo rose 234% from June 2011 to September 2011. The latest enhanced video sharing platform will provide a highly integrated user experience for both Sina Weibo and Tudou users.

Sina Weibo is one of the largest micro-blogging and social networking sites in China. As of September 30, 2011, Sina Weibo had approximately 250 million registered users, who on average post 86 million messages per day.

"We are building a more powerful video user ecosystem," said Gary Wang, Founder, Chairman and Chief Executive Officer of Tudou. "The Internet's core strength lies in creating and sharing information. Sina Weibo creates strong interaction between its users, and Tudou generates deep emotional connections between Internet users and content. Creating and sharing content is at the core of the Internet, and Tudou's cooperation with social networking sites such as Sina Weibo is a powerful combination which will deepen consumers' online video and sharing experience."

Wsp Holdings (WH) - Share Structure

Fri, 03 Feb 2012 05:00:00 GMT

WUXI, China, February 3, 2012 /PRNewswire-Asia-FirstCall/ -- WSP Holdings Limited (NYSE: WH) ("WSP Holdings" or the "Company"), a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), and other pipes and connectors, today announced that the Company will change the ratio of its American Depositary Shares ("ADSs") to ordinary shares ("Shares") from 1:2 to 1:10 ("Ratio Change"), effective as of February 15, 2012.

Pursuant to the Ratio Change, the holders of the Company's ADSs will be entitled to receive one (1) new ADS, each representing ten (10) Shares, beginning on February 15, 2012 in exchange for every five (5) ADSs, each representing two (2) Shares, currently held by them. No new Shares will be issued in connection with the Ratio Change. JPMorgan Chase Bank, N.A. will arrange for the exchange of their current ADSs for new ADSs. As a result of this Ratio Change, the ADS price is expected to automatically increase proportionally. For example, assuming a price per ADS of $0.45, representing the market price of the ADSs as of February 2, 2012, upon completion of the Ratio Change, the price per ADS would be $2.25. The Company can give no assurance, however, that the post-Ratio Change ADS price will be equal to or greater than the pre-Ratio Change ADS price multiplied by the ratio.

The Company believes the Ratio Change will enable it to regain compliance with the continued listing standard of the New York Stock Exchange ("NYSE") relating to minimum average share price, subject to ongoing regular oversight and monitoring. NYSE Listed Company Manual Rule 802.01C requires that a company's shares trade at an average closing price of not less than $1.00 per share over any consecutive 30 trading-day period. Although the purpose of this Ratio Change is to maintain continued listing of the ADSs on the NYSE, the Company can give no assurance that this strategy will be successful.

Breeze-Eastern (BZC) - Comments & Business Outlook

Thu, 02 Feb 2012 05:00:00 GMT

Third Quarter 2012 Results

Net sales: $19.6 million, even with the Fiscal 2011 third quarter
Net income: $1.1 million, or $0.11 per diluted share, up 11% from $1.0 million, or $0.10 per diluted share, for the Fiscal 2011 third quarter
Adjusted EBITDA (as described under “Non-GAAP Financial Measures” in this press release): $2.3 million for both the Fiscal 2012 and Fiscal 2011 third quarters
Total debt: $10.7 million, $2.5 million lower than a year ago
Cash: $7.8 million, versus $3.4 million a year ago
Bookings: $14.0 million, versus $15.8 million in the Fiscal 2011 third quarter

Mike Harlan, C.E.O. and President, said, "Our total sales continue to be strong as our cumulative sales over the last four quarters exceeded $80 million for the first time. Third Quarter bookings and net backlog at the end of the quarter were lower than last year, as we continue to work to secure several large orders; when we secure these orders, we expect our backlog to increase significantly.

“Our total engineering expenses (excluding cost reimbursements from Airbus) were clearly higher this quarter compared to the same quarter last year. We recently hired a new VP of Engineering to provide stronger technical leadership, hire fresh talent and improve our engineering processes and program management. We expect that our engineering costs will continue to be relatively high for the current quarter and into the next Fiscal Year as we continue to fulfill our commitments to our customers.

Our inventory was about $1 million higher at the end of the quarter than at the end of the Second Quarter and $2.5 million higher than the Third Quarter last year, but we expect it to be lower by the end of the Fourth Quarter. Our overall balance sheet and cash position is strong. Despite the higher engineering spending and the growth in inventory, we finished our Third Quarter with $7.8 million in cash and our net debt (deducting cash from current and long-term debt) is $2.9 million, $2.2 million lower than when we began the year," Mr. Harlan concluded.

China Global Media (CGLO) - Comments & Business Outlook

Thu, 02 Feb 2012 05:00:00 GMT

CHANGSHA, CHINA--(Marketwire - Feb 2, 2012) - China Global Media, Inc. (OTCBB: CGLO)'s affiliated operating company Changsha North Latitude 30 Cultural Communications Co., Ltd. ("North Latitude") has signed two one-year advertisement agreements with Hunan Shenxiang Automobile Tiancheng Sales and Services Co., Ltd ('Shenxiang") and Hunan Yongtong Automobile Group ("Yongtong") to place advertisements for Shenxiang and Yongtong on Hunan Voice of Golden Eagle Radio Station. The total advertisement fees that Company expects to receive in fiscal year 2012 under these two agreements are approximately US $ 2.3 Million.

Chineseinvestors.com (CIIX) - S1 Registration

Thu, 02 Feb 2012 05:00:00 GMT

CIIX offers stock to take the company public. (Company was originally a private shell that became a non-public operating entity via a reverse merger).

Company Snapshot:

Specializes in providing real-time market commentary and analysis in Chinese

Use Of proceeds:

The following table sets forth management’s estimate of the allocation of net proceeds expected to be received from this offering. Actual expenditures may vary from these estimates. Pending such uses, we will invest the net proceeds in investment-grade, short-term, interest bearing securities.

100% of the

Offering or

$1,500,000

50% of the

Offering or

$750,000

25% of the

Offering or

$375,000

10% of the

Offering or

$150,000

Less Offering expenses

25,000

Net Proceeds

1,475,000

725,000

350,000

125,000

Use of Net Proceeds

Advertising

250,000

100,000

50,000

25,000

Website Development

150,000

75,000

25,000

New Content Development

175,000

50,000

25,000

Shanghai Office Expansion

75,000

50,000

25,000

Staff Development

75,000

50,000

25,000

Debt Retirement

150,000

50,000

Sub Total

875,000

Great China Mania (GMEC) - Deal Flow

Thu, 02 Feb 2012 05:00:00 GMT

On January 19, 2012 the Company entered into a SUBSCRIPTION AGREEMENT (the “Agreement”) with Chan Ka Wai (the “Subscriber”) whereby the Subscriber purchased 28,500,000 shares of common stock from the Company (the “Shares”). The purchase price of the shares was HK$ 4,050,000 (or US$ 519,200). The Shares were acquired for long-term investment, and the transferability of the Shares is restricted. The Shares shall bear a legend stating that the Shares have not been registered under the Securities Act of 1933.

Kemet (KEM) - Comments & Business Outlook

Thu, 02 Feb 2012 05:00:00 GMT

Third Quarter 2012 Results

Net sales for the quarter ended December 31, 2011 were $218.8 million which is a 17.3% decrease over the same quarter last fiscal year.
Non-GAAP adjusted net income was $2.0 million or $0.04 per diluted share for the third quarter of fiscal year 2012 compared to $33.1 million of adjusted net income or $0.64 per diluted share for the same quarter last year.

"We entered this quarter knowing that the impact of the distribution channel inventory rebalancing would have a significant impact on our financial results", said Per Loof, Chief Executive Officer of KEMET. "However, we generated approximately $21 million of cash from operations and we were successful in securing one of our key supply sources through the acquisition of Niotan Incorporated. Even though we expect the next couple of quarters to remain challenging we are positioning the Company for a strong rebound through our continuing realignment of facilities in Europe and supply chain integration when the world economy improves," continued Loof.

Kemet (KEM) - Acquisition Activity

Thu, 02 Feb 2012 05:00:00 GMT

GREENVILLE, S.C., Feb. 2, 2012 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, announced today that it has signed an agreement to acquire all of the outstanding shares of Niotan Incorporated ("Niotan"), a leading manufacturer of tantalum powders, from an affiliate of Denham Capital Management LP. Niotan has been a significant supplier of tantalum powder to KEMET for several years.

"This acquisition is in keeping with our announced strategic direction to vertically integrate operations and to better control supply sources as well as to contain our cost structure," said Per Loof, Chief Executive Officer of KEMET. "Acquiring Niotan is a significant step in securing and stabilizing our tantalum powder resources. Additionally, we recently announced a comprehensive plan for sourcing conflict free tantalum ore from the Democratic Republic of Congo (DRC). We will continue to purchase a portion of our tantalum powder needs from our existing supply base. Together, these actions have put in place a supply chain that provides customers with confidence in the long-term viability of our tantalum capacitance solutions and will allow for faster to market development of specialty powders from KEMET," continued Loof.

KEMET will pay an initial purchase price of $30 million at the closing of the transaction and additional deferred payments of $45 million over a thirty month period after the closing. KEMET will also be required to make quarterly royalty payments for tantalum powder produced by Niotan after the closing of the transaction, in an aggregate amount equal to $10,000,000 by December 31, 2014. The transaction is subject to customary closing conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Act, and is expected to close in March 2012.

Niotan's headquarters and principal operating location is in Carson City, Nevada. Niotan is the largest western hemisphere production location for tantalum capacitor powder and has demonstrated world- class powder quality which has resulted in exceptionally high level qualification with the world's capacitor manufacturers.

Qihoo 360 (QIHU) - Joint Venture

Thu, 02 Feb 2012 05:00:00 GMT

BEIJING, February 2, 2012 /PRNewswire-Asia/ -- Qihoo 360 Technology Co. Ltd. ("Qihoo 360" or the "Company," NYSE: QIHU), a leading Internet company in China as measured by active user base, today announced that it has formed a strategic partnership with Sina Weibo, the leading social media platform in China. Through the partnership, all of Qihoo 360's registered users will be able to access Sina Weibo with their Qihoo 360 accounts and all Sina Weibo users will be able to access Qihoo 360 products and services with their Weibo accounts.

In addition, Qihoo 360 will integrate Sina Weibo service into its key platform products, such as 360 Safe Browser and 360 Desktop. Qihoo 360 will also become an official security solution provider for Sina Weibo to ensure a secure and convenient Weibo experience for all users.

Furthermore, Qihoo 360 will continue to expand its cooperation with Sina Weibo in mobile product and application development to provide expanded mobile Internet experiences to Chinese Internet users.

"We are very excited to form this partnership with Sina Weibo, the most influential social media platform in China," commented Mr. Xiangdong Qi, President of Qihoo 360. "Qihoo 360's 370 million active users together with Sina Weibo's 250 million registered users will allow us to cover almost the entire Chinese Internet population. We believe this partnership will bring more diverse, secure and convenient services and applications to a broader cross section of Chinese Internet users through our open platforms."

Wuhan General Group (WUHN) - CFO Trail

Thu, 02 Feb 2012 05:00:00 GMT

On January 18, 2012, Philip Lo submitted to Wuhan General Group (China), Inc. (the “Company”) a resignation letter pursuant to which he resigned as the Chief Financial Officer (“CFO”) and Treasurer of the Company, effective immediately.

Ecoland Intl (ECIT) - Pump and Dump Watch

Wed, 01 Feb 2012 05:00:00 GMT

CHANDLER, Ariz., Feb. 1, 2012 (GLOBE NEWSWIRE) -- Ecoland International, Inc. (OTCBB:ECIT) – D & R Technology a now wholly owned subsidiary of Ecoland International, Inc., announced today that JUDO Water Treatment Inc. has signed a letter of intent that exclusively contracts the company to manufacture and install custom-built, advanced water treatment systems and equipment to industrial end-users in the United States and Canada. The letter is a result of the feasibility study of building JUDO's more advanced water treatment systems in Canada. The objective of this agreement is to manufacture JUDO's more complex water treatment systems for domestic and global markets such as India, Africa, Central and South America and Caribbean. Particular attention would be placed on northern areas of Canada that have challenging water conditions for First Nations communities.

Gigamedia (GIGM) - CFO Trail

Wed, 01 Feb 2012 05:00:00 GMT

TAIPEI, Feb. 1, 2012 /PRNewswire-Asia/ -- GigaMedia Limited (NASDAQ: GIGM) ("GigaMedia") announced today that it has appointed Dirk Chen as chief financial officer, effective immediately.

Mr. Chen brings extensive financial leadership experience in international business to GigaMedia and an excellent record of delivering corporate growth and strong financial performance. During a 30-year career with Taiwan-based Chailease Finance, a leading financial firm, Dirk served the company in different key roles, including senior advisor, president and chief financial officer, and successfully led several important initiatives. He spearheaded growth in China, tripling the firm's revenues in that market. Following the 2008 financial crisis, he directed a turnaround team at the firm's New York operations, developing solutions that contributed to significant improvements in financial performance.

Dirk also served as the chief financial officer of the publicly listed firm Financial One Corp. in Singapore and is experienced in U.S. GAAP.

"New financial management for the new Giga and expertise in turning around and growing challenged companies -- we are delighted to add Dirk to our team," stated GigaMedia Chief Executive Officer John Stringer. "His combination of financial, team-building and leadership skills, and his proven ability to develop financial solutions for superior performance will help us drive and manage growth."

Mr. Chen has been with GigaMedia as a board member and special advisor since November 2011. He succeeds Quincy Tang, who will assume Mr. Chen's previous role as special advisor to GigaMedia.

The company and its board thank Mr. Tang for his dedication and leadership during his tenure as CFO.

Hybrid Fuels (HRID) - Pump and Dump Watch

Wed, 01 Feb 2012 05:00:00 GMT

HRID is being pumped by a multitude of websites and newsletters. Below are 2 pumps.

Disclosure: GeoInvesting is providing these images as is and in no way has any affiliation with any promoters and/or newletters disseminating information on this stock, nor is GeoInvesting being paid to post this information. At times, the GeoTeam may trade P&D's on a long or short basis, depending on how we feel the momentum of the stocks will be affected by the efforts of stock promoters.

Chinese financial portal, Chineseinvestors.com (OTC BB:CIIX) goes public

Mon, 03 Feb 2020 19:34:00 GMT

Chinese financial portal, Chineseinvestors.com (OTC BB:CIIX) goes public

Cpi Aerostructures (NYSE AMEX:CVU) is approaching a new 52 week high. Please see our recent note....

Fri, 03 Feb 2012 16:31:00 GMT

Cpi Aerostructures (NYSE AMEX:CVU) is approaching a new 52 week high. Please see our recent note.

Please see our Earnings Blog for earnings recap on select companies.

Fri, 03 Feb 2012 14:23:00 GMT

Please see our Earnings Blog for earnings recap on select companies.

Please see the GeoTeams article on SMTC Corporation (NASDAQ:SMTX) at Seeking Alpha.

Fri, 03 Feb 2012 13:58:00 GMT

Please see the GeoTeams article on SMTC Corporation (NASDAQ:SMTX) at Seeking Alpha.

Documents shed light on pitfalls of China audits.

Mon, 26 Sep 2011 04:00:00 GMT

 WASHINGTON, Sept 26 (Reuters) - When Michael Marks and John
Wang stepped off the board of directors of Jiangbo
Pharmaceuticals JGBO.O in June, they said goodbye to the
Chinese company with a 23-page resignation letter complaining
of months of unanswered questions, unpaid bills and management
deception. Full article.

China Earnings Recap, June 2, 2011

Thu, 02 Jun 2011 16:15:00 GMT

Below is a recap of some latest Chinese company earnings compared to estimates and prior period, with links to their commentaries or releases. Note: This list may be updated throughout the day, up to and including the guidance comments!

Most Recent Quarterly Earnings for Some U.S. Listed Chinese Companies

	EPS Estimate	Reported Non-GAAP EPS	Prior Year Reported Non-GAAP EPS	Comments / Guidance
Shanda Interactive Entertainment (NASDAQ: SNDA	0.26	0.36	0.48	Repurchased 151k shares in the first quarter
ChinaEdu Corporation (NASDAQ:CEDU	0.01	0.05	0.06	Revenue guidance for 2nd Quarter 2011 of $15.3 to $16 million is in line with estimates
China Medical Technologies (NASDAQ:CMED	n/a	0.43	0.29	1st Quarter June 2011 Non-Gaap EPS guidance is $0.42 to $0.43. The March 2012 full year revenue guidance of $179 to $183 million easily exceeds analyst estimates of $145 million
Netqin Mobil Inc (NYSE:NQ)	n/a	0.00	(0.02)	Revenue guidance for 2nd quarter 2011 of 8.6 to 8.8 million. Full year 2011 revenue of 37.5 to 38.5 million Recent Cloud Computing IPO
ATA INC (NASDAQ:ATAI)	(0.09)	(0.4)	(0.25)	Guidance for fiscal 2012 -Revenue of 60.3 to 63.4 million Estimates are 55 million -Net Income 6.1 to 6.9 Using the 44.6 million outstanding shares as of 3/31/11 and the mid range of net income guidance of 6.5 million that gives us an implied EPS of $0.14 for 2012 vs. analyst estimates of $0.06.
Tec Tech (PINK:HGHN)	n/a	0.01	0.04	Revenue declined due to the company focusing on higher margin order intake. Company still feels it can reach it's goals for 2011 with higher margin orders.

You agree that you shall not republish or redistribute in any medium any information on the GeoInvesting website without our express written authorization. You acknowledge that GeoInvesting is not registered as an exchange, broker-dealer or investment advisor under any federal or state securities laws, and that GeoInvesting has not provided you with any individualized investment advice or information. Nothing in the website should be construed to be an offer or sale of any security. You should consult your financial advisor before making any investment decision or engaging in any securities transaction as investing in any securities mentioned in the website may or may not be suitable to you or for your particular circumstances.

GeoTeam Responds to SCEI Intentions to Take Legal Actions Against GeoInvesting

Thu, 05 May 2011 15:35:00 GMT

Dear GeoInvesting Members,

This morning Sino Clean Energy ( SCEI ) announced that it intends to bring legal action against GeoInvesting for what it claims to be malicious and fraudulent attacks on SCEI which were alleged to be orchestrated and conducted by or on behalf of other short sellers.

SCEI also charges that we have engaged in naked short selling activities stating, Company believes that the short sellers seek to accomplish this goal by spreading fabricated market information and rumors.

GeoInvesting will not be intimidated by threats of legal action by companies such as SCEI. Nor will we cease in our quest to expose companies that we believe have fraudulently abused capital markets to take advantage of U.S. investors who have put their trust in these companies and their representatives.

We carefully read the SCEI rebuttal letter. We have found what we believe to be several significant misrepresentations that support and strengthen our original findings. We intend to discuss our findings later today. We have also contacted relevant PRC authorities and will be supplying our evidence to SCEI s auditor and relevant U.S. regulatory authorities.

We remain short SCEI via puts.

SCEI s allegations insinuating that we have taken part in naked short selling activities are false.

We look forward to our day in court with Chairman Ren and his US representatives.

Sincerely,

Geoteam

Disclaimer:

GeoInvesting, its affiliates, and the information providers make no warranties, express or implied, as to the accuracy, adequacy or completeness of any of the information contained in the website. All such materials are provided to you on an 'as is' basis, without any warranties as to merchantability or fitness for a particular purpose or use nor with respect to the results which may be obtained from the use of such materials. GeoInvesting, its affiliates, and the information providers shall have no responsibility or liability for any errors or omissions nor shall they be liable for any damages, whether direct or indirect, special or consequential even if they have been advised of the possibility of such damages. In no event shall the liability of GeoInvesting, any of its affiliates, or the information providers pursuant to any cause of action, whether in contract, tort, or otherwise exceed the fee paid by you for access to such materials in the month in which such cause of action is alleged to have arisen. Furthermore, GeoInvesting shall have no responsibility or liability for delays or failures due to circumstances beyond its control.

New Energy Systems (NEWN) - GeoTeam Furthers its Investigation into Kim fai Shareholders

Tue, 05 Apr 2011 04:00:00 GMT

Excerpt from New Energy Systems 4th quarter 2010 conference call:

Dan Lavine: Oh, congratulations on a great quarter and year. I am new to your story and hold a small position, but would like to add at current prices. So excuse my ignorance here, because like I said, I m new to NEWN. Can you please give me some color on the shareholder tenure with respect to New Power and Kim Fai Solar pre-acquisition (inaudible)? For example, have the shareholders at Kim Fai been the same since inception?

Ken Lin:   I m sorry, you mentioned the shareholder from original three subsidiary we acquired?

Dan Lavine: Yes, mm-hmm. The New Power and Kim Fai Solar, pre-acquisition.

Ken Lin:  Yes, and I m sorry what exactly information you want to know about those shareholders?

Dan Lavine: Well, I guess for example, have the shareholders at Kim Fai been the same ever since the beginning?

Ken Lin:   For Kim Fai and for those three companies we acquired, those shareholders, they are still the same shareholders as their original company.

Dan Lavine:  Okay

Ken Lin:  For example, Kim Fai s shareholders have eight shareholders, and those eight shareholders is Kim Fai s shareholders. And Anytone I m sorry, Anytone I don t remember exactly, but Anytone as I remember also have eight shareholders over there, and that eight shareholders is they are separated. There is no relationship for those shareholders, but they are they all remain as the shareholders of each subsidiary.

Dan Lavine: Okay, thank you.

GeoTeam Update:

The GeoTeam has just obtained information indicating that Kim Fai shareholder base changed several times before its acquisition by NEWN. The last shareholder change before the acquisition by NEWN (Nov. 25, 2010, SAIC date) was only three months (Aug. 25, 2010, SAIC date) before the acquisition. Furthermore, the age of these eight shareholders, who acquired Kim Fai on Aug. 25, 2010 and sold Kim Fai to NEWN, were fairly very young at the time of the acquisition. Furthermore, the age of these latest shareholders are fairly young, arousing our suspicions that they could not have been original shareholders: The age distribution of these eight shareholders are as follows:

Pre acquisition age distribution of Kim Fai Shareholders: (8 shareholders of Kim Fai are from 19 (1992) to 30 (1981) )

one 29 year old (Born 1981) (Xiaowei Wang)
one 27 year old (Born 1983) (Yijie Li)
two 25 year old (Born 1985) (Qiongqiong Wang & Gong Wei)
two 22 year old (Born 1988) (Feng Cheng & Chunfeng Zhang)
one 20 year old (Born 1990) (Qing Xiong)
one 18 year old (Born 1992) (Di Yuan)

None of the above occupy more than 15% shares (6*14%, 9% and 7%).

Investors should begin to ask questions, as this new information clearly diverges from public statements made in the 2010 year end conference call. Now we need to ask why

"For Kim Fai and for those three companies we acquired, those shareholders, they are still the same shareholders as their original company."

We also discovered that three of these eight shareholders (Di Yuan, Qiong Xiong & Xiaowei Wang) reside in Decheng District, Dezhou City. This location coincides with the location of the current legal representative of New Power (Mr. Xiong Guofu) and the current legal representative of E'Jenie (Ms. Fang Xuemei). Two of these young shareholders (Wei Gong & Feng Cheng) appear to live in Chibi City (county), which is the same city (county) that the current legal representative of Kim Tai (Mr. Liu Qunli) and current legal representative of Anytone (Mr. Weihe Yu, the Chairman of NEWN) also seem to reside.

Meanwhile, even though Kim Tai started its business on December 8, 2005, it only changed its name and business direction to include solar energy operations after September 21, 2009 which is only one year from the acquisition deal with NEWN. At the time of these changes, the two shareholders of Kim Tai were Wei Gong (one of the eight young shareholders) (70%) and Weihai Yu (30%). Weihai Yu and Weihe Yu (the chairman of NEWN) have the same last and middle names. Based on the Chinese name tradition, it is possible that Weihai Yu and Weihe Yu are related (brothers).

Based on the Chinese name tradition, it is possible to assume that Weihai Yu and Weihe Yu are related. Thus, we would like the company to comment on this:

One year later, after these significant changes involving Kim Tai business dealings, NEWN spent USD 24 million (USD 13 million cash and 11 million restricted share) to acquire a company which appears to have commenced its solar energy business for only one year, yet claims to generate significant revenues.

Please Note:

We are still reviewing further details regarding the NEWN story, including information surrounding past management stock sales. We are also conducting a deeper review of PRC filings, originally obtained by our team, that reveals a much smaller business for E'Jenie and Anytone than what has been portrayed in SEC documents and SAIC filings recently provided by the company (we would like to know if these filings were sent to the SAT agency).
Yesterday's S-3 filing is quite perplexing.

Disclosure: Short NEWN

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