posted
Check out the string of news and the audio intervews. They acquired a company that is going to put 7 times their current revenue on their balance sheets. Not to mention that their goal will then be to get listed on a major index. Also, they historically trade around .04 - .05, but the Berlin market, which they are unfortunately stuck on, likes to pull them down to .02 before a big pop. (You can see this from their long term chart). This is their historic low. Time to get in.
-------------------- 9.0M QBID locked and loaded! Posts: 605 | Registered: May 2005
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IF you really want everyone to see how WELL you can PICK a Stock DO some DD and Post It Here. Then Find Out How many Outstanding shares there Are and Post that HERE as well. If the company looks to be Solid after you post a little DD and the Float is LOW then THAT IS THE TIME that you will have the REST OF ALLSTOCKS knocking at your doorstep.
Earth_Man
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
This ONES is on ME. Though I think the OS is a BIT HIGH. Chart Looks PRIME for a POP !
Detailed Quote for Thursday, June 02, 2005 1:19 PM Company Name: China Direct Trading Corp Dow Jones Industry: Software Exchange: OTC BB Shares Outstanding: 522,894,080 Market Cap: 12.5 Million 52-Week High: 0.105 on Friday, June 04, 2004 52-Week Low: 0.005 on Tuesday, September 07, 2004 P/E Ratio: n/a Yield: n/a Average Price: 0.0302 (50-day) 0.0426 (200-day) Average Volume: 271,700 (50-day) 431,200 (200-day) GOOD LUCK !!
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
Now that I have your attention...take a peek at the recent news and the interviews...they are prime to get off the OTBCC...not to mention their acquisition makes their profits almost 10x
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posted
Are you refering to the Chinese Furniture Manufacturing Plant?
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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China Direct Signs Agreements To Acquire Controlling Interest in $20 Million Chinese Furniture Manufacturing Company Tuesday April 26, 11:27 am ET
BEIJING, April 26, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTC BB:CHDT.OB - News)(``CHDT'') signed an agreement today to acquire a 40% equity stake and majority board representation for Beijing Huawei Furniture Manufacture Co., Ltd. (``Huawei''), an 11-year-old premier Beijing manufacturer of quality commercial furniture with FY 2004 gross revenues of $16,000,000 and income of $1,500,000. The new joint venture (JV) will be called Beijing Huawei International Furniture Manufacturing Corporation Ltd., and CHDT will consolidate 40% of all financial data of Huawei, including revenues, assets, and income. CHDT was also presented by the auditors with an appraisal on the factory's assets of $13,000,000. Projected gross revenues for 2005 for the new joint venture are $20,000,000. ADVERTISEMENT
``Partnering with Huawei fits wonderfully into our expanding business plan, and will dramatically increase the size of China Direct.. We appreciate Huawei's confidence in our company and feel confident that the sales exposure we can provide in North and South America will add to their current growth and profitability as well as our own,'' said Howard Ullman, Chairman and CEO of CHDT. ``The investment China Direct is making in Huawei will permit China Direct to become a major player in the residential and commercial furniture markets of the United States and China and to capitalize on the surging demand for high-quality, reasonably priced furniture in both markets,'' Ullman said.
``We are looking forward to a long and productive relationship with China Direct and the creation of a major new marketing force in the Chinese and U.S. furniture industry,'' said Wang Hong Kun, Chairman of the Board of Directors of the new joint venture. Mr. Wang has won numerous awards as one of the outstanding businessmen in China, and has been recognized as one of the top ten young entrepreneurs in Beijing. He is President of the Beijing Furniture Association.
Basic Terms
Under the agreement, CHDT will exchange $1,325,000 worth of CHDT Common Stock and make an investment of $5 million over the next year to be used to build a new million square foot production facility. This investment will be matched by a $7.5 million investment in the same factory by Huawei. CHDT will receive shares of Huawei capital stock equal to 40% of Huawei's issued and outstanding shares as well as majority of the Huawei board seats.
Reasons for Acquisition
CHDT is making this acquisition because CHDT believes that it will: (1) allow CHDT to meet the standards for listing CHDT common stock on the Nasdaq SmallCap Market; (2) enhance shareholder value by substantially increasing CHDT's revenues, income, and assets; (3) allow CHDT to directly exploit what CHDT sees as a potentially significant demand in the U.S. for Huawei products (which potential is based on CHDT marketing efforts to date for Huawei); and (4) establish CHDT's presence in China as a Chinese joint venture company, which status will enable CHDT to acquire other attractive companies in China.
Contingencies to Acquisition
The consummation of the Huawei acquisition is contingent upon the following conditions--all of which must be satisfied for final consummation of the acquisition: (1) CHDT must obtain funding for the $5 million investment over the next 12 months in the new Huawei factory; (2) Huawei must file an audited GAAP-approved financial statement. (3) the CHDT-Huawei joint venture must be approved by the Chinese government, which CHDT does not anticipate will be a problem.
About Huawei
Huawei Furniture Manufacture Co. Ltd. is a leading furniture maker in Beijing. Over the past decade, it has rapidly grown from a family-run shop into an established brand name in China. The corporate head office and production facilities take up an area of 4 hectares. It has two main production lines, which installed 60 sets of machines from Germany. The registered capital is RMB118 million and 800 full time employees.
Huawei has been awarded with ISO9001 certificate, ISO14001 Environmental Management Certificate, National Class A Quality Certificate, Official supplier and Vender for Government Procurement, and etc. The loyal client base includes the Great Hall of People, Ministry of Agriculture, Ministry of Health, Ministry of Foreign Affairs, Bank of China, China Academy of Science, Peking University, Beijing Oriental Plaza, General Hospital of Arm Forces, Beijing Shangri-la Hotel, Otani Hotel, just to name a few.
Business
CHDT is a global trading company engaged in product development, manufacturing, distribution, logistics, and product placement into mass retail. The company holds patents and sells products to importers, theme parks and directs to retail worldwide. By establishing relationships with various governmental agencies, public and private institutions, and private industries in China, the Company aims to play a key role in assisting U.S. companies that desire to move production or investments into China as well as helping Chinese firms grow through U.S. distribution and financial support. In addition, the company acquires and invests in innovative products, services, or technology companies.
Forward-looking Statements:
This press release includes ``forward-looking statements'' within the meaning of the federal securities laws. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Many factors are beyond the company's and its subsidiaries' control. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's existing and future filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Contact:
Rubenstein Investor Relations Tim Clemenson 212-843-9337
-------------------------------------------------------------------------------- Source: China Direct Trading Corp.
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
Yes...Huwei. Also, they have another aquisition, even bigger, that they are trying to put together for next year. Basically, this thing is going to explode.
-------------------- 9.0M QBID locked and loaded! Posts: 605 | Registered: May 2005
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posted
You can probably afford to be conservative though, because it isn't going to exlode without some warning...but the reality is, this is the low. A few excited buyers will make this thing move too, because it is a relatively unknown company to this point. Still, there are signs that it will become a more widely known company...for example,
China Direct Trading Corporation Information to be Available Through S&P Market Access Program Monday May 16, 8:30 am ET
FT. LAUDERDALE, Fla., May 16, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTC BB:CHDT.OB - News) today announced that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at http://www.advisorinsight.com.
In addition, information about companies in Standard & Poor's Market Access Program will be available via S&P's Stock Guide database, which is distributed electronically to virtually all major quote vendors. As part of the program, a full description of China Direct Trading Corp. will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 37 states under the Blue Sky Laws.
Howard Ullman, Chairman of China Direct stated, ``As our company continues to grow, it becomes more important to grow our communications efforts as well. We believe we have a promising potential at China Direct and that the marketplace does not fully understand that potential. This S&P program clearly addresses those efforts in what we believe to be the broadest electronic and printed manner available.''
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posted
Seems they have many expences to be paid in the Millions NOT TO MENTION the ISSUANCE of MORE SHARES of COMMON STOCK to PAY for the Plant.
Long interest is a MAYBE. For me I WILL KEEP an EYE on it.
GOOD LUCK
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
Right...long term it is going to hit a dollar in 2006 if they get off of the OTCB...but short term, when they report their quarterly earnings, you're going to see a pop to .08 or .10. In one of his interviews, CEO Howard Ullman says they are going to report on the financials from the aquasition much sooner actually, so I think we are going to see something in a week or two. It is already up %15 in two days.
-------------------- 9.0M QBID locked and loaded! Posts: 605 | Registered: May 2005
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posted
Maestro, You have a valid point however WAIT and SEE FIRST is always a GOOD strategy.
If this thing Flies like YOU imagine IT WILL. Then everyone who joins this Stock after reading your DD will hold there head up high and proclaim you THERE HERO!!!
as always GOOD LUCK TO YOU
OFF SUBJECT: If you realy want TO HIT the JACKPOT invest a little cash into QBID. IT is going to EXPLODE soon VERY soon. QBID is where most ALLSTOCKers Are At right now.
Earth_Man
Earth_Man
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
GOOD now you KNOW the TRUE POWER of the GAY FORCE !
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
QBID is a CABLE NETWORK dedicated to the entertainment of the Gay community.
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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sorry man, i think this stock is not going to anywere instead is going down. reading from the chart. LOOK WHAT HAPPEN BTW APR18-MAY1st and compare with may 26-today
this is stock is always like this, i been play around with this stock for a while, if u wanna buy wait more days
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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