China Tracker - Safety/Risk Model (Stage One) for China North East Petroleum (CNEP)

 China North East Petroleum
 Going Public
Market Segment:
Going Public: 2004-03-29Reverse Merger
 Auditor
Auditor: Baker Tilly
Number of Auditors (since Jan 1, 2009): 2 
Auditor Resignations (since Jan 1, 2009): none 
 Internal Controls
Internal Controls (Management): not effective
Internal Controls (Audit): not effective
Senior Management Changes (since Jan 1, 2009): 4 
Number of CFOs (since Jan 1, 2009): 3
CFO Resignations (since Jan 1, 2009): 2
Main Shareholder (HongjunWang): Chairman, President 
Ownership Percentage: 22.70% 
 Analyst Coverage
Total Coverage: 1 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 1 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 0.05 million0.17%
Short Interest: no data 
Account Receivables (MRQ): $21.98 million0.00%
 Recent Events
Delinquent with SEC Filings: YES
Short Seller Attacks (Corporate Governance): YES
Detailed Fraud Allegations: NO 
 
 Auditor History (since January 1, 2009)
2010-01-29Baker Tilly Hong KongAppointment (Merger)
2010-01-29Jimmy C. H. Cheung & Co.Resignation (Merger)
2005-04-11Jimmy C. H. Cheung & Co.Appointment
 Senior Management Trail (since January 1, 2009)
2010-09-30Shaohui (Steven) ChenInterim CFOAppointment
2010-09-30Andrew KanInterim CFOResignation
2010-05-22Andrew KanInterim CFOAppointment
2010-05-22Edward RuleChairmanAppointment
2010-05-22Jingfu LiInterim CEOAppointment
2010-05-22Hongjun WangCEODismissal
2010-05-22Zhang YangCFOResignation
2010-05-22Hongjun WangChairmanResignation
2006-01-01Zhang YangCFOAppointment
CNEP
Oil & Gas
SAFETY/RISK SCORE
26%
EXTREME RISK
Detailed Score: 199.6875/750
Current Price:  n/a
F10k Day (2004-09-17): -100.00%$0.80
2009 Close: -100.00%$9.25
2010 Close: -100.00%$5.76
High (2012-02-22): -100.00%$3.68
Low (2012-10-02): -100.00%$0.20
Exchange: N/A
Market Capitalization: n/a
Total Shares: 31.36 mill
Float: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 21.75 mill
Net Income (MRQ): 6.91 mill
Op. Cash Flow (MRQ): 13.55 mill
all financial data provided without warranty