China Tracker - Details for HQ Sustainable Maritime (HQSM)

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 HQ Sustainable Maritime
Shares Outstanding (MRQ): 16.55 mill
New Shares / Dilution (TTM): 1.71 mill11.54% 
New Shares / Dilution (since Dec 31, 2008): 3.35 mill25.41% 
Cash (MRQ): 43.84 mill0.00%
Account Receivables (MRQ): 51.74 mill0.00%
Account Receivables (Q/Q): -5.24 mill  
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): 43.69% 
Revenue Growth (Y/Y): 29.02% 
Net Income Growth (Q/Q): -19.21% 
Net Income Growth (Y/Y): -48.47%
EPS Growth (Y/Y): -53.80%
Net Margin (Q/Q): 5.3% (9.5%)-4.20% 
Net Margin (Y/Y): 5.3% (13.4%)-8.00% 
EPS | P/E (2 MRQ Projection): $0.300.00 
CFPS | P/CF (2 MRQ Projection): $0.850.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: currently none
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $0.800.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2004-04-16 
Uplisting to Senior Exchange: on 2007-05-17 at $11.50 (-100.00% since Uplisting)

 Business Outlook

Recent Chain of Events:
2012-04-10 -- SEC Registration REVOKED
2011-08-10 -- Last SEC Filing
2011-07-12 -- Delisting from NYSE Amex
2011-05-26 -- Auditor Resignation
2011-04-01 -- Trading halted by NYSE Amex
2010-11-09 -- Last Quarterly/Annual Report: Q3/FY2010 ended September 30, 2010

(Source: Trading China, 2012-09-30)

During the course of the FY2010 audit, SLF encountered difficulties in confirming the cash balances in the Company's bank accounts and verifying the existence of customers in the People's Republic of China (PRC). To address this, SLF exercised its best judgment to extend its audit procedures in these two areas, but the Company's management resisted SLF's efforts. As a result, SLF was unable to satisfactorily complete the full confirmation process on the cash balances in the Company's bank accounts and the verification procedures on the existence of customers. Therefore, SLF was unable to complete its work in order for the Company to file its annual report on time, resulting in the decision of the Exchange to suspend the trading of HQ stock.

(Source: 8-K Filing, 2011-06-14)

HQ Sustainable Maritime Industries announced today that it had received a notice from the NYSE Amex dated April 1, 2011 stating that the Company was not in compliance with certain continued listing standards of the NYSE Amex Company Guide. Specifically, the Company was not in compliance with standards set forth under Sections 134 and 1101 of the Exchange Company Guide since the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2010. The Exchange notified the Company that pursuant to Section 1003(d) of the Company Guide, the Exchange was authorized to suspend and, unless prompt corrective action is taken, remove the Company's securities from the Exchange. Currently, the trading in the Company's securities has been halted.

The Company must submit a plan of compliance by April 15, 2011 advising the Exchange staff of the actions it has taken, or will take, that would bring the Company into compliance with foregoing Sections by no later than June 30, 2011. The Company is taking steps to prepare and submit such a plan to the Exchange staff by the required submission date.

(Source: Marketwire, 2011-04-07)

    see all Business Outlook notes

 Analyst Coverage (show more)
2010-11-09Ladenburg ThalmannReiterationBuy$8.00
2010-08-24Ladenburg ThalmannReiterationBuy$6.40
2010-07-01Ladenburg ThalmannUpgradeBuy$6.40
2010-05-12Ladenburg ThalmannReiterationNeutral$6.40
2010-03-25Ladenburg ThalmannDowngradeNeutral$7.00

 Recent Financings
2010-08-10Priced$11.56 mill3.20 mill shares$3.61
2009-12-03Filing$50.00 mill--
2009-06-15Priced$10.41 mill1.23 mill shares$8.50

 Investor Presentations
2010-09-14 (HTML)   VIEW
2010-02-01 (PDF)   DOWNLOAD (right click, save as)

READ: Score Cards Explained
DETAILS: Safety/Risk Model for HQSM
Current Price:  n/a
F10k Day (2004-04-22): -100.00%$23.00
2009 Close: -100.00%$7.04
2010 Close: -100.00%$4.77
2011 Close: -100.00%$0.02
High (2011-07-29): -100.00%$0.27
Low (2011-12-29): -100.00%$0.01
Market Capitalization: n/a
Total Shares: 16.55 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2010-06-30
Revenue (MRQ): 20.66 mill
Net Income (MRQ): 1.10 mill
Op. Cash Flow (MRQ): 5.86 mill
all financial data provided without warranty