China Tracker - Safety/Risk Model (Stage One) for China Electric Motors (CELM)

 China Electric Motors
 Going Public
Market Segment:
Going Public: 2010-01-29IPO
RTO Advisor: WestPark Capital 
Lead Underwriter: Roth Capital 
 Auditor
Auditor: currently none
Number of Auditors (since Jan 1, 2009): 2 
Auditor Resignations (since Jan 1, 2009): 2
 Internal Controls
Internal Controls (Management): effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 2 
Number of CFOs (since Jan 1, 2009): 2 
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (To Chau Sum): Excel Profit Global Group 
Ownership Percentage: 44.50% 
 Analyst Coverage
Total Coverage: no coverage
 Indicators
New Shares / Dilution (TTM): 8.39 million61.89%
Short Interest (2010-06-30): 0.10 millionno data 
Account Receivables (MRQ): $16.01 million0.00%
 Recent Events
Delinquent with SEC Filings: YES
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: YES
 
 Auditor History (since January 1, 2009)
2011-06-01MaloneBaileyResignation
2011-05-31MaloneBaileyResignation
2010-02-10MaloneBaileyAppointment
2010-02-10Kempisty & CompanyDismissal
 Senior Management Trail (since January 1, 2009)
2011-05-31Hueng Sang (Dexter) FongCFOResignation
2010-06-10Hueng Sang (Dexter) FongCFOAppointment
2010-06-10Haixia ZhangCFODismissal
2009-03-01Haixia ZhangCFOAppointment
CELM
Electronics
SAFETY/RISK SCORE
2%
EXTREME RISK
Detailed Score: 24.375/900
Current Price:  n/a
F10k Day (2010-01-29): -100.00%$4.45
2010 Close: -100.00%$4.55
High (2011-07-29): -100.00%$0.30
Low (2011-12-30): -100.00%$0.06
Exchange: PNK
Market Capitalization: n/a
Total Shares: 21.94 mill
Float: n/a
Last Quarter: 2010-09-30
Revenue (MRQ): 32.88 mill
Net Income (MRQ): 5.14 mill
Op. Cash Flow (MRQ): 1.99 mill
all financial data provided without warranty