The first Monday of March Madness on the OTC, a month which has historically been the beginning of some of the best ever penny stock runs, looks like its gonna kick off its recycling campaign before unveiling the hidden gems to traders. Old Carrillo Huettel connected tickers like Georgetown Corp. (GTCP) and Sunbelt International Corp. (SUNB), now Aptitude Life Ltd., lead the list as AwesomePennyStocks continues to try to keep some air in Swingplane Ventures (SWVI) before that hot-air balloon comes crashing even further down.
What looks like it could see a gap wider than the Grand Canyon on the open is China YCT International Group, Inc. (CYIG), a Company focused on gingko and other dietary supplement products in China. Having never traded once this year and sitting at just .003, the chances of CYIG stock opening well above .01 is as likely as some instant noodles being steamed as we speak with a boat load of MSG being dumped into the bowl to mask the fact that it just isn’t good for you but it tastes so damn good.
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CYIG Stock Quote
Market Cap: 88.72K
Last (Dec 17th, 2012): 0.003
Issued and Outstanding: 29,575,523
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The Chinese won’t know what hit them and are likely to be on the phones and online trading platforms well in advance of the U.S. markets open Monday with orders already placed on China YCT International Group stock.
Covered on a website for Chinese investors, its clear that, like many other China based penny stocks, no news has come out from the Company since 2009 despite the fact that CYIG stock is still trading and revenues are bursting at the seams like the sidewall of a paid of knock-off sneakers out of a Guangzhou factory.
Filed on February 14, 2013, the Company reported revenues for the three months ended December 31, 2012 net sales of $6,922,363, as compared with net sales of $10,112,489 for the same period in 2011, a decrease of $3,190,126, or 31.5%. The decrease was primarily due to the recent market concerns over the toxic capsules used in health products in China.
For the nine months ended, net sales of $23,521,007, as compared with net sales of $26,477,760 during the same period in 2011, a decrease of $2,956,753 or 11.2%. China YCT International Group admits that, although the Company conducted an independent quality check and their capsules did not have any adverse quality issue, sales of encapsulated Huoliyuan and healthcare supplements were adversely affected — kinda like how no one wanted to eat chicken when the Chinese busted out with the bird flu a couple of years ago.
You can dissect China YCT International Group in any language and with any financial calculator or abacus you like, you won’t find anything disappointing on paper to the naked eye. As traders may remember when the year began with China Logistics Group, Inc. (CHLO), the alerts on CYIG stock for Monday are all about stat recording and exposing, just like PennyPsycho does on his freebie alerts, a dormant penny stock that can fly like a pig and eventually become a bird.
The one question you have to wonder is why the heck would a company have cash nearly equal to its 9 months revenue just sitting in the bank: $27,314,507 as of December 31, 2012. The question makes one ponder if they are trying to cook up some interest income, $82,138 for the nine months ended (0.003% of the EOY cash balance) or if they are more likely cooking the books like many China based companies have been accused of. Hmmmm…….
About CYIG Stock
China YCT International Group, Inc., through its directly owned subsidiaries: Landway Nano Bio-Tech, Inc. (100% owned) and Shandong Spring Pharmaceutical Co., Ltd. (100% owned), is engaged in the business of developing, manufacturing and selling its own medicine from gingko extract, and other dietary supplement products in the P.R. China.
Last 5 Trading Sessions:
Bottom Line: CYIG is one penny stock traders must have on their radars for the pre-market and be prepared to step in big on a good entry. Monday will be a spectacular test with CYIG stock for those who now how to enter a penny stock and those who now how to just get into a penny stock — the difference will be triple digit percentage gains.
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