Recs

1
Player Avatar LiluTheDog (30.43) Submitted: 6/30/2008 4:50:27 PM : Outperform Start Price: $4.20 CLNT Score: +39.72

In the second half of 2007, the Company began to change its business strategy to focus on the growing wind energy industry in China. China Wind System's stock currently trades on the Over the Counter Bulletin Board under the ticker symbol "MLEX.OB," but the Company anticipates a new ticker symbol in the near future in connection with the name change, once the Company's notification to Nasdaq of the name change has been processed.

"Our name change to China Wind Systems reflects the Company's decision to focus on the high growth, high margin wind energy industry in China. Based on the current domestic energy requirements and strong government support of companies involved in the alternative energy space, the wind energy industry in China has grown tremendously in the last few years. We are confident in our ability to gain market share in the wind energy industry, given our prior experience manufacturing high precision fabrication and machining equipment in our electrical power equipment business," said Mr. Jianhua Wu, Chairman and CEO of China Wind Systems

Member Avatar JaysRage (89.42) Submitted: 4/28/2010 4:43:09 PM
Recs: 0

$30 million shelf offering. Avoid this one like the plague.

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