China Tracker - Safety/Risk Model (Stage One) for China Gengsheng Minerals (CHGS)

 China Gengsheng Minerals
 Going Public
Market Segment:
Going Public: 2007-04-25Reverse Merger
RTO Advisor: Halter Financial Group 
 Auditor
Auditor: PKF
Number of Auditors (since Jan 1, 2009): 1 
Auditor Resignations (since Jan 1, 2009): none 
 Internal Controls
Internal Controls (Management): not effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 1 
Number of CFOs (since Jan 1, 2009): 2 
CFO Resignations (since Jan 1, 2009): none 
Main Shareholder (Shunqing Zhang): Chairman, CEO, President 
Ownership Percentage: 62.70%
 Analyst Coverage
Total Coverage: 2 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 1 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 2.52 million10.45% 
Short Interest (2010-06-30): 0.88 million0.03% 
Account Receivables (MRQ): $39.89 million14,980.70%
 Recent Events
Delinquent with SEC Filings: NO 
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: NO 
 
 Auditor History (since January 1, 2009)
2007-04-25PKFAppointment
 Senior Management Trail (since January 1, 2009)
2011-07-07Ningfang LiangCFOAppointment
2011-07-07Hongfeng JinInterim CFODismissal
2007-04-25Hongfeng Jin Interim CFOAppointment
CHGS
Steel
SAFETY/RISK SCORE
40%
HIGH RISK
Detailed Score: 340/830
Current Price:  $0.01
F10k Day (2007-10-17): -99.74%$3.75
2009 Close: -99.56%$2.25
2010 Close: -99.81%$5.15
High (2012-02-03): -99.16%$1.18
Low (2012-08-20): -97.06%$0.34
Exchange: PNK
Market Capitalization: 0.27 mill
Total Shares: 26.63 mill
Float: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 16.18 mill
Net Income (MRQ): -0.34 mill
Op. Cash Flow (MRQ): -0.46 mill
all financial data provided without warranty