China Tracker - Safety/Risk Model (Stage One) for China HGS Real Estate (HGSH)

 China HGS Real Estate
 Going Public
Market Segment: NCM
Going Public: 2009-08-21Reverse Merger
 Auditor
Auditor: Friedman 
Number of Auditors (since Jan 1, 2009): 3
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): 3 
Number of CFOs (since Jan 1, 2009): 1 
CFO Resignations (since Jan 1, 2009): none 
Main Shareholder (Xiaojun Zhu): Chairman, CEO, CFO, President 
Ownership Percentage: 66.10%
 Analyst Coverage
Total Coverage: no coverage
 Indicators
New Shares / Dilution (TTM): 0.01 million0.02%
Short Interest (2010-06-30): 0.02 million0.04% 
Account Receivables (MRQ): $2.60 million4.38%
 Recent Events
Delinquent with SEC Filings: NO 
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: NO 
 
 Auditor History (since January 1, 2009)
2010-01-12FriedmanAppointment (Merger)
2010-01-12Bagell, Josephs, Levine & Co.Resignation (Merger)
2009-10-07Bagell, Josephs, Levine & Co.Appointment
2009-09-23Paritz & CompanyDismissal
 Senior Management Trail (since January 1, 2009)
2009-08-21Xiaojun ZhuChairmanAppointment
2009-08-21Xiaojun ZhuCEOAppointment
2009-08-21Xiaojun ZhuCFOAppointment
HGSH
Real Estate
SAFETY/RISK SCORE
40%
HIGH RISK
Detailed Score: 340/850
Current Price:  $1.32
F10k Day (2009-12-18): -34.00%$2.00
2009 Close: -41.34%$2.25
2010 Close: -54.80%$2.92
High (2012-04-03): 11.86%$1.18
Low (2012-09-28): 450.00%$0.24
Exchange: NCM
Market Capitalization: 59.48 mill
Total Shares: 45.06 mill
Float: 13,569,000.00 mill
Last Quarter: 2010-12-31
Revenue (MRQ): 0.14 mill
Net Income (MRQ): -0.10 mill
Op. Cash Flow (MRQ): 4.64 mill
all financial data provided without warranty