note: email to subscribers from 12.29.2012 11 p.m.
Dear subscriber,
We’d like to bring your attention to a Chinese RTO that has been beaten down from $6 to $.30s since short-sellers attacked it this past summer.
As you may know, many Chinese companies have been proven to be scams: RINO, CCME, PUDA (just to list a few). Others have fought back against short-seller accusations (DEER, SVM). Read at this link or excerpt below:
Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX:SVM)(NYSE:SVM) has been advised that Chinese law enforcement agents have opened a criminal case to investigate and find the creators of false and fraudulent reports by anonymous parties such as IFRA, Alfred Little and others, attacking Silvercorp and its Chinese subsidiaries.
The stock that we’d like to introduce to you has a similar story. Without boring you with details, we’ll tell you what you need and want to know. Here’s why the stock of this company (see below) has a great reward versus risk proposition:
- Company: China Integrated Energy (CBEH)
- Short-seller “reports” (by Alfred Little) could be frivolous since their accusations have not been proven
- Several Chinese companies are suing Alfred Little et al. in the U.S. and China
- Pending results of an independent investigation looming and could be released in the beginning of 2012
- According to the last quarterly report CBEH had $90M in cash and only $7M in debt – that’s a value of over $2/share!
Last but not least:
Tomorrow is the last day of tax-loss selling – we’re looking to buy CBEH shares (in the afternoon) at significant discount as investors sell for tax purposes (and likely re-buy at the beginning of the year, 2012)
Once again, we are positive that this trade will play out favourably for us: reward vs. risk proposition is likely 5 to 1. We’re ready to gamble, are you?
Happy Trading
PennyStockHaven Staff