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Hi and good morning,
As this is a morning profile, let’s get right to it:
Today’s profile is:
Chinawe.com Inc. (CHWE)
Website: http://chinawe.com
Quote: https://finance.yahoo.com/q?s=CHWE
We’re looking at CHWE today due to its chart and recent activity. Before we dive into operations, lets first take a look at the Recent Activity:
- The 52-week high is $0.06 - The 52-week low is $0.005
CHWE was trading in the $0.03 - $0.04 range for nearly a year until December. In early December it fell sharply from $0.037 all the way to $0.005, the year low. At that point support came in, lifting it up to the $0.0085- $0.01 range.
Since that time, for nearly 2 months, CHWE has maintained, building a support base in that $0.0085 - $0.01 range.
- CHWE closed Thursday at the low end of that range: $0.0085. - CHWE has only 43.8Mln Shares Outstanding - According to Yahoo, CHWE has a very small float of less than 18Mln shares
Considering the recent drop, the time it’s spent forming a solid support line, the small float and the large amount of space between its current level and the year’s high…
… we could be looking at a bottom bouncer with a heck of a lot of upside!
Combine the small outstanding figure with a sub penny that has the potential for high volatility and a chart that that could be demonstrating solid support and we could be looking at a potentially explosive situation!
Let’s move on:
Operations: Chinawe is one of the top non-performing loans (NPL) service providers in Mainland China.
Based on strong local knowledge, close relationship with its cooperation parties and professional skills, Chinawe was able to facilitate NPL resolutions. The Company also participated in the NPL portfolios purchase, which was the first time in China that a pool of NPL has been sold by any of the State-owned asset management companies to foreign investors without any retained interest.
Owing to its latest success in evaluating and resolving NPL, Chinawe is extending its investments to manufacturing, agriculture and real estate large-scale projects. The directors of the Company believe that the combination of in-depth knowledge of China and professional skills in the servicing industry shall lend the Company a competitive edge in acquiring and servicing these NPL bundles.
According to the Company’s website:
“Chinawe shows strong competition advantage in asset management among various industries located in China. Along blossoming with the Chinese financial market, Chinawe will continue to persist in the principle of sincerity, mutual benefits and together prosper with all circles.”
With all of this being said, I would like to emphasize that materials used for this profile could be out of date, particularly as they pertain to operations. The operational information contained herein is taken primarily from the Company’s website (http://chinawe.com), which I believe could be out of date.
In CHWE’s most recent filing it states: “Effective from March 27, 2009, the Company became a non-operating company.”
Again, we have not been able to locate more recent operational information or financial data, for better or for worse, yet the most recent quarterly filing was for the period ending September 30, 2015.
Regardless of operational status, the Company has maintained its quarterly and annual filings and is currently listed as “OTC Pink Current Information” on OTCMarkets.
As stated at the start, we are focused on CHWE today mostly due to the chart and the recent activity. If CHWE were to catch fire it could be a huge bottom bouncer that could have a LOT of running room.
Currently at $0.0085 there could be a significant upside.
Get started on your research right away. Considering the lack of information it is important that you realize the highly speculative nature of this situation.
Remember, we always encourage you to do further research. Never take our word for it, read our disclaimer to see why, and of course always consult a professional.
Just because a situation looks great things can still go wrong and often do. Be smart and protect yourself.
Enjoy your morning,
Exp
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