China Tracker - Safety/Risk Model (Stage One) for Telestone Technologies (TSTC)

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 Telestone Technologies
 Going Public
Market Segment:
Going Public: 2004-08-23Reverse Merger
Auditor: Mazars CPA
Number of Auditors (since Jan 1, 2009): 3
Auditor Resignations (since Jan 1, 2009): 2
 Internal Controls
Internal Controls (Management): not effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 2 
Number of CFOs (since Jan 1, 2009): 3
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (Han Daqing): Chairman, CEO, President 
Ownership Percentage: 26.40% 
 Analyst Coverage
Total Coverage: 1 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 1 Analyst(s) 
New Shares / Dilution (TTM): 1.84 million17.46% 
Short Interest (2010-06-30): 2.06 million23.31%
Account Receivables (MRQ): $197.98 million0.00%
 Recent Events
Delinquent with SEC Filings: NO 
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: NO 
 Auditor History (since January 1, 2009)
2010-01-18Mazars CPAAppointment
2010-01-14QC CPA GroupResignation
2009-07-09QC CPA GroupAppointment
2009-07-08Mazars CPAResignation
 Senior Management Trail (since January 1, 2009)
2010-05-11Yu XiaoliCFOAppointment
2010-05-11Li HongCFOResignation
2009-05-15Li HongCFOAppointment
2009-05-14Liu DongpingCFOContract Expired
Detailed Score: 60/780
Current Price:  n/a
F10k Day (2004-08-27): -100.00%$4.00
2009 Close: -100.00%$19.84
2010 Close: -100.00%$10.62
High (2012-03-01): -100.00%$4.37
Low (2012-08-06): -100.00%$1.27
Market Capitalization: n/a
Total Shares: 12.35 mill
Float: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 14.47 mill
Net Income (MRQ): 1.62 mill
Op. Cash Flow (MRQ): -5.62 mill
all financial data provided without warranty