China Tracker - Safety/Risk Model (Stage One) for China Gerui Advanced Materials (CHOP)

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 China Gerui Advanced Materials
 Going Public
Market Segment:
Going Public: 2009-03-17SPAC 
Auditor: UHY Vocation
Number of Auditors (since Jan 1, 2009): 1 
Auditor Resignations (since Jan 1, 2009): none 
 Internal Controls
Internal Controls (Management): effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 2 
Number of CFOs (since Jan 1, 2009): 2 
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (Mingwang Lu): Chairman, CEO 
Ownership Percentage: 26.00% 
 Analyst Coverage
Total Coverage: 7 Analyst(s)
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 6 Analyst(s) 
New Shares / Dilution (TTM): 6.43 million15.33% 
Short Interest (2010-06-30): 0.50 million1.81% 
Account Receivables (MRQ): $4.09 million0.00%
 Recent Events
Delinquent with SEC Filings: NO 
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: NO 
 Auditor History (since January 1, 2009)
2009-01-01UHY Vocation HKAppointment
 Senior Management Trail (since January 1, 2009)
2009-10-19Edward MengCFOAppointment
2009-10-19Liyong QuInterim CFOResignation
2009-07-10Liyong QuInterim CFOAppointment
Detailed Score: 540/780
Current Price:  n/a
F10k Day (2009-11-02): -100.00%$7.00
2009 Close: -100.00%$5.60
2010 Close: -100.00%$5.88
High (2012-04-05): -100.00%$3.66
Low (2012-10-19): -100.00%$1.50
Market Capitalization: n/a
Total Shares: 48.39 mill
Float: n/a
Last Quarter: 2010-12-31
Revenue (MRQ): 66.14 mill
Net Income (MRQ): 11.34 mill
Op. Cash Flow (MRQ): 17.50 mill
all financial data provided without warranty