China Tracker - Safety/Risk Model (Stage One) for SinoTech Energy (CTESY)


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 SinoTech Energy
 Going Public
Market Segment:
Going Public: 2010-11-03IPO
Lead Underwriter: UBS
 Auditor
Auditor: Ernst & Young
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 performed 
Senior Management Changes (since Jan 1, 2009): 1 
Number of CFOs (since Jan 1, 2009): 1 
CFO Resignations (since Jan 1, 2009): none 
Main Shareholder (Qingzeng Liu): Chairman, CEO 
Ownership Percentage: 51.27%
 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): 15.79 million31.58%
Short Interest: no data 
Account Receivables (MRQ): $24.85 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)
2011-02-28Ernst & Young Hua MingAppointment
2011-01-12Grant ThorntonResignation (Merger)
2009-01-01Grant ThorntonAppointment
 Senior Management Trail (since January 1, 2009)
2010-09-01Boxun ZhangCFOAppointment
CTESY
Oil & Gas
SAFETY/RISK SCORE
23%
EXTREME RISK
Detailed Score: 213.75/900
Current Price:  n/a
F10k Day (2010-11-03): -100.00%$6.86
2010 Close: -100.00%$7.20
High (2012-02-01): -100.00%$0.31
Low (2012-05-02): -100.00%$0.01
Exchange:
Market Capitalization: n/a
Total Shares: 65.79 mill
Float: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 24.99 mill
Net Income (MRQ): 13.10 mill
all financial data provided without warranty