Recent legal case in favor of CHDO (previously CHDT) allows for a $700000 liability to be removed from CHDT's balance sheet.
Recent news revealing that OBS (A subsidiary of CHDT) may commence taking orders from roofers, tile distributors, homeowners, and retailers starting July 20th, for goods starting to leave on August 15th and first delivery in the U.S. on September 10th. Roof tiles - a huge market potential due to hurricane season, and word is that there are still homes and businesses in target areas where there has been storm damage, and are in need of repair.
The company has recently been added as a component of the Ludlow China SmallCap Index, allowing for additional institutional and individual investor interest in China by allowing a means of guaging day-to-day stock performance. "CHDT also announced recently that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and
earnings."
Get this: "Announced preliminary top line revenue for the first six months of 2006 ended June 30, 2006 of $11 million, an increase of over
2300% as compared to revenue of $465,000 reported for the first six months of 2005." This revenue doesn't even include the new roof tile business that CHDT recently introduced to its portfolio. Only 1/4 of this revenue has been reported thus far in the first quarter 2006 financials. Expecting another huge revenue increase to be reported in the 2nd quarter financial statement.
Feel free to post your own thoughts/findings on the company.
Author
