China Tracker - Safety/Risk Model (Stage One) for ChinaNet Online (CNET)

 ChinaNet Online
 Going Public
Market Segment:
Going Public: 2009-06-26Reverse Merger
 Auditor
Auditor: Marcum Bernstein & Pinchuk
Number of Auditors (since Jan 1, 2009): 2 
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): 1 
Number of CFOs (since Jan 1, 2009): 1 
CFO Resignations (since Jan 1, 2009): none 
Main Shareholder (Handong Cheng): Chairman, CEO, President 
Ownership Percentage: 43.16% 
 Analyst Coverage
Total Coverage: 2 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 2 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 6.07 million40.95%
Short Interest (2010-06-30): 0.02 million0.09% 
Account Receivables (MRQ): $4.32 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)
2011-04-20Marcum Bernstein & PinchukAppointment (Merger)
2011-04-20Bernstein & PinchukResignation (Merger)
2009-08-11Bernstein & PinchukAppointment
 Senior Management Trail (since January 1, 2009)
2009-06-26Zhige ZhangCFOAppointment
CNET
Media & Advertising
SAFETY/RISK SCORE
52%
MODERATE RISK
Detailed Score: 410/780
Current Price:  n/a
F10k Day (2009-09-22): -100.00%$4.20
2009 Close: -100.00%$5.40
2010 Close: -100.00%$4.53
High (2012-04-13): -100.00%$1.30
Low (2012-09-20): -100.00%$0.33
Exchange:
Market Capitalization: n/a
Total Shares: 20.90 mill
Float: n/a
Last Quarter: 2010-12-31
Revenue (MRQ): 10.41 mill
Net Income (MRQ): 4.71 mill
Op. Cash Flow (MRQ): 0.35 mill
all financial data provided without warranty