China Marine Food Group Limited (CE) (CMFO) 銘柄情報

Huh that is weird.lol well getting some vol of late

Motley Fool recommended CMFO, to my surprise

One Wildly Mispriced Stock You've Never Heard Of
You won't believe this mispricing.
Anand Chokkavelu, CFA
Updated: Nov 9, 2016 at 8:40PM
https://www.fool.com/investing/international/2010/05/18/one-wildly-mispriced-stock-youve-never-heard-of.aspx

So why invest in a foreign small cap?
At this point you may be forgetting why anyone would invest in a small foreign company. Let me remind you. For those investors with a competitive advantage, there are serious opportunities to rake in outsized returns due to stock mispricings.

Let me give you an example.

The company is called China Marine Food Group (AMEX: CMFO). It sells salty seafood snacks like dried squid and barbecued sleeve fish.

To the average sane American investor, this sounds (1) gross and (2) not worth further research. But Motley Fool Global Gains co-advisor Tim Hanson would disagree on both counts. These snacks won't play in Peoria, but Tim notes that "they're basically the Chinese equivalent of potato chips." And boy is he glad he investigated further.

He found a company trading for a P/E ratio under 5, but after backing out the cash, the multiple was just 1.7 times earnings -- for a stock expecting more than 20% top-line growth.

If you've been following along, you can probably guess why it was so cheap: It's a very small Chinese company that makes questionable-sounding snacks. It operates in a country known for its government interference, not its corporate governance. Kraft this ain't, folks.

So is China Marine Food Group a buy?
As part of his duties as Global Gains co-advisor, Tim supplements the knowledge he gains at investor conferences with trips around the world. On his trips to China, for example, he meets with companies' management and tours their facilities. These meetings not only allow him to vet specific stock picks, but also allow him to compare and contrast companies, industries, and countries.

This on-the-ground experience is why he judged the risk to be worth the potential reward on China Marine Food Group when he recommended it back in May 2009. It's gone up over 140% since then, so it no longer trades at that 1.7-times earnings figure -- but Tim still rates the company a "Best Buy."


That article says 2016 but there were no USA books then, seems odd. With no books am surprised that most with the stock have not sold it as they can. It is still a mystery stock to me.

No trades since 10-08-19, but still a bid/ask

Last trade at .0135, been between .01 and .02 since july. Looks like 200,000 plus since then, not a lot dollar wise.

Anyone know if any financial reports are available anywhere?

The MM could have broken the trades up.

See 100 and 200share trades,less than commissions?? And there are no free commissions for OTC stocks, just NYSE amd Nasdaq big board in the news last week. Correct me if wrong are there any brokers that trade OTC and pinks with no commissions?

Bizzare any idea why today 100 and 200 share trades?

Another 20,000 so far today.0147, 22,000Friday. I wonder if they are a lot of investors that have the stock and think it not even tradeable?

6 Months 0.015 0.022 0.008 0.0142 15k -0.0003 -2.00%

It has averaged 15k a day for 6 months says Ihub

Yahoo says https://finance.yahoo.com/quote/CMFO/key-statistics?p=CMFO 30 million shares. at .0147 that is a market cap of $447,000 that is a lot of money, but Yahoo says Market Cap (intraday) 3.5Million so maybe 300 million shares? Does anyone know, Yahoo is contradicting itself.

Seems a minimum of about 1/2 a $million is just sitting there with the owners unaware they can sell it.

Fascinating. Never knew about it when it was reporting.

Thanks $hellKing, got your PM. It traded again today, 18,600 shares .0115 now. So the company is still operational just has gone dark in USA market for reporting? I can not PM back.

Most traded at .013 today. The bid has gone back up to .013 after .0115 trade.

Intriguing to me.

Thanks $heelking What is NV? It is trading, bid .013 last .0125 Ask is .07

Quotes on Fidelity, IB, Yahoo, seems to trade like any other pink. last trade 9-25. Has not been over .02 in 6 months, Surprised no one selling much?

Low in last 6 months is .009 on 5-7-2019 308,000 traded that is about $30k of stock. So it seems it can be sold for .01 at will.

Cool got it thanks. Who knows with these Chinese ones. SYUP looked sucky and it sort of rebounded too. got so many of these its hard to choose

oh must be my browser. I was going to post last night they still own the site for a long time

just tried one of the links, they work

MBOT

Try looking here:

MBOT

https://www.google.com/search?q=site%3Achina-marine.cn&rlz=1C1TSNJ_enUS440US440&oq=site%3Achina-marine.cn&aqs=chrome..69i57j69i59j69i58.20383j0j4&sourceid=chrome&ie=UTF-8

China Marine Food Group Limited

www.china-marine.cn
China Marine Food Group Limited

www.china-marine.cn › eng
China Marine Food Group Ltd. is a food and beverage manufacturer of Mingxiang® seafood-based snack foods and "Hi-Power" marine algae-based health ...
The Chairman Speech - China Marine Food Group Limited

www.china-marine.cn › eng
First of all, please allow me to express my sincere gratitude on behalf of China Marine to our customers, distributors, suppliers and international investors, many ...
Awards and Certifications

www.china-marine.cn › eng
Date: NOV 12, 2003. Entity: Mr. Liu Pengfei. Award: Certificate that Mr. Liu Pengfei has been elected as a member of the third council of the China Aquatic ...
Charter of Committee - China Marine Food Group Limited

www.china-marine.cn › eng
There shall be a committee of the Board of Directors known as the Audit Committee (the "Committee"). Only independent directors may serve on the Audit ...
Management Team - China Marine Food Group Limited

www.china-marine.cn › eng
Pengfei Liu is our CEO, Secretary and Director. He is the founder of our Company, and has been spearheading the expansion and growth of our Company.
Corporate Background - China Marine Food Group Limited

www.china-marine.cn › eng
Based in ShiShi in Fujian province, China Marine has been operating as a seafood processor, a distributor of seafood products as well as a wholesaler of fresh ...
China Marine Food Group Limited

www.china-marine.cn › eng
Company Name: Shishi Rixiang Marine Foods Co., Ltd. Shishi Huabao Mingxiang Foods Co., Ltd. Shishi Huabao Jixiang Water Products Co., Ltd. Address: Da ...
China Marine Food Group Limited Announces Going Dark ...

www.china-marine.cn › 1022-153547_PDF
SHISHI, China, October 22, 2013 -- China Marine Food Group Limited (NYSE MKT: CMFO) ("China Marine" or the "Company"), a manufacturer of Mingxiang® ...
CHINA MARINE FOOD GROUP LIMITED Da Bao Industrial ...

www.china-marine.cn › 1102-122842_noticeand_proxystatementfinal
Nov 21, 2012 - The accompanying Proxy is solicited by the Board of Directors of China Marine Food Group Limited, a Nevada corporation (the "Company"), for ...

[PDF]
China Marine Reports Second Quarter 2013 Financial Results

www.china-marine.cn › 0814-100229_080613_CMFO_Q22013_Earnings...
Aug 14, 2013 - 2013. 2012. CHANGE. Net Sales. $27.3 million. $61.3 million. -55.5%. Gross Profit. $6.7 million. $9.0 million. -25.5%. Net Income. -$3.1 million.
China Marine Food Group Limited Proxy The undersigned ...

www.china-marine.cn › 1102-122745_paroxycardfinal
Nov 21, 2012 - The undersigned appoints Pengfei Liu (and Marco Ku, if Pengfei Liu is unable to serve), as the undersigned's lawful attorney and proxy, with ...
[PDF]
CMFO_Profile_Aug 2013 - China Marine Food Group Limited

www.china-marine.cn › ...
Aug 14, 2013 - China Marine Food Group Limited produces and sells dried seafood snack foods, trades fresh marine catch and sells algae-based beverage ...
China Marine Reports First Quarter 2013 Financial Results

www.china-marine.cn › ...
May 15, 2013 - Q1 2013. Q1 2012. CHANGE. Net Sales. $21.5 million. $15.1 million. +42.4%. Gross Profits. $7.2 million. $4.6 million. +57.5%. Net Income.
China Marine Food Group Limited

www.china-marine.cn › eng › itemdetails
Dried Seafood · Frozen Seafood · Marine Catch · Hi-Power Algae-Based Soft Drinks · Bottling Facilities · Cold Storage Facilities · Investor Day · Marketing ...
China Marine Food Group Limited

www.china-marine.cn › eng › itemdetails
Dried Seafood · Frozen Seafood · Marine Catch · Hi-Power Algae-Based Soft Drinks · Bottling Facilities · Cold Storage Facilities · Investor Day · Marketing ...
China Marine Food Group Limited

www.china-marine.cn › eng › itemdetails
Dried Seafood · Frozen Seafood · Marine Catch · Hi-Power Algae-Based Soft Drinks · Bottling Facilities · Cold Storage Facilities · Investor Day · Marketing ...
China Marine Food Group Limited Provides Update on ...

www.china-marine.cn › ...
SHISHI, China, November 12, 2013 -- China Marine Food Group Limited (NYSE MKT: CMFO) ("China Marine" or the "Company"), a manufacturer of Mingxiang® ...
[PDF]
China Marine Food Group Announces Resignation of CFO

www.china-marine.cn › ...
SHISHI, China, August 30, 2013 -- China Marine Food Group Limited (NYSE MKT: CMFO) ("China. Marine" or the "Company"), a manufacturer of Mingxiang® ..

Dang I forgot all the stuff I DD'ed on it. Im trying to rem but I get some of these confused bc they got so many that look like each other. So web down now. was up last time. I think they had some other stock too.

well deregistered so one plus, another plus still active on NV. though that depends. sometimes its good to go revoked so someone else can take it over. but sometimes these can come back. though takes a few years usually.

'$hellKing' do you think they are still in biz. If not why is it still trading 6 years after last report?

Just curious, why are people buying it if out of biz? It is trading most weeks.


website never seems to open http://www.china-marine.cn/eng/opening.html

Is it still a going concern, in biz? It is trading however

Date Open Close Change Change (%) Low High Volume
Sep 17 2019 0.0125 0.0125 0.0005 +4.17% 0.0125 0.0125 750
Sep 16 2019 0.012 0.012 0.00 +0.00% 0.012 0.012 0
Sep 16 2019 0.012 0.012 0.00 +0.00% 0.012 0.012 0
Sep 13 2019 0.012 0.012 0.0017 +16.50% 0.012 0.012 150
Sep 12 2019 0.0103 0.0103 0.00 +0.00% 0.0103 0.0103 0
Sep 11 2019 0.0103 0.0103 -0.0007 -6.36% 0.0103 0.0103 1,000
Sep 10 2019 0.011 0.011 -0.007 -38.89% 0.011 0.011 150
Sep 09 2019 0.016 0.018 0.00 +0.00% 0.016 0.018 0
Sep 09 2019 0.016 0.018 0.008 +80.00% 0.016 0.018 14,000

Just my opinion, but if CMFO is still in operation, which it would appear it is, and if we are holding shares in "CMFO", then we still own it! Even if it's in China! Unless they're just gonna ignore that fact or if they've pulled some sort of shell game on investors. Hard to say without any outright evidence thereof.

I'm of the opinion that at some point, and we may have already seen this previously, that CMFO will periodically buy back it's stock out of a portion of it's net income. Seems like a cheap way for CMFO to eventually take the company back private like it was originally. I recall something being said by the "company" that was it's intent before going "dark" back in 2014.

I can't think of any other logical reason for the present situation, but would welcome any other opinions, facts or ideas on the matter.

GLTA/CMFO!

Well, almost six months later and CMFO pps at .025. I bought all the .035's and .03's I wanted at the "ask" these past weeks. Gotta be getting close to CMFO's all time low. Do you suppose the company is aware that there are still SH's, and more importantly, do they care? DD extremely hard to come by, so guess that explains a lot! ;p

Any relevant and reliable info would be helpful, IMO. TIA! GLTA/CMFO!

I got .04's last week out the kazoo! Who's selling?? B/A is.04/.07. Is .035 next?? I am buying and holding!

GLTA/CMFO!

Support looks good at .04. Wish China Marine could shed a little light on things. I'm going to test .05 this week to see if they're out there? Will seem cheap later. IMO. GLTA N CMFO!

Again, for now. More news would be nice. Last time I slapped that .045 Ask, I got em for less. Tempted to give it another shot n see what happens. You.never KNOW with CMFO! Such a Sphinx? GLTA!

This one has gone quiet...

Back at support? Picked up some under .045 on Friday. Seems like a good investment to me as they were selling for three times that amount a couple of weeks ago. Guess it's back to watching and waiting until further news. You never KNOW about CMFO? GLTA SH's!!

Nice upward movement in the price per share also, until that last trade at the close. Could it be that the company is buying back shares or is it just new investors? I couldn't resist selling off a few shares at a substantial profit today but I still have a lot more for later. I'm hoping we'll see even higher prices next week. That should get some attention here.

GLTY and CMFO! !

GOOD VOLUME DAY!!!

Just the fact that China Marine appears to still be a viable on going concern is reason for renewed optimism and interest in the stock. Did anyone happen to catch the date of that article in the link provided in Need4Speed's post? I was unable to see a date in my Chinese translation. lol! If anyone has an opinion on what might be happening with China Marine please feel free to share as I'm open to all possibilities.

There could be interesting and profitable days ahead for CMFO SH's imo. Stay tuned and good luck to all!

VOLUME UP!!!

SOMETHING GOOD IS HAPPENING HERE!!!

Wow, something definetely going on here. .08 x .2

Excellent post! Thanks for Sharing and for the translation. Guess that would explain today's spiking price per share. Looks like China Marine is expanding into new markets with its Seafood line . Seems like great news to me and I would think that the price per share will only go up from here in my opinion. Thanks again for the info and heads up. We'll see what CMFO can do tomorrow. Good luck to all!

http://www.china-marine.cn/ni/0815-100329_CMFO_Profile_Aug%202013.pdf
Website is still active

Huge development news report for $CMFO, see and turn on your browser translate function:
http://szb.qxkjb.com/html/2017-05/11/content_3_2.htm

"In the past ten years, we have undertaken many scientific research projects, such as the research on the development of" State-of-the-Art Spark Program Project for the Development of Efficient Utilization of Aquatic Products Waste "and the co-sponsorship of the Science and Technology Support Program of the Ministry of Science and Technology Marine deep processing of low-value fish processing technology integration and industrialization demonstration 'research; and China Ocean University to establish a joint marine life and food engineering research center' and so on. "Liu Pengfei said that the fruits of these studies after the industrialization of Powerfully promote and promote Quanzhou aquaculture industry and the province's technological innovation.

According to reports, the company's canned fish does not contain any preservatives and artificial colors, with delicious, nutritious and easy to eat and so on. Liu Pengfei told reporters that the project completed in two phases, the first phase of investment 60 million yuan, the estimated annual output of up to 10,000 tons, to achieve sales income of 225 million yuan, profits and taxes 32 million yuan; the second phase of the plan to invest 200 million Yuan, building an annual output of 30,000 tons of canned food production line, up to 675 million yuan output value, the new value-added tax 101 million yuan.

MASSIVE VOLUME TODAY. Any news to go with it?

Hard not to generate a little interest at this level. Waiting to see if current pps holds or breaks up or down. Sure would be nice to see CMFO with some upward movement before the holidays. I've been adding here myself, but don't want to get too carried away. ;p GLTY/CMFO!

Yeah, watching. I added some.

CMFO vol about 10X over 10 day avg w/200K shrs on .03 bid at this time. Somebody wants a lot of "cheapies" and I guess there's those that are selling? Not me. Would like to see the "ask" increase before the next "pop". That's when I'll sell. ;p GLTA/CMFO!

Same here but don't think CMFO will take that long before the next pop. Hope not anyway. Something odd about that .45 pps on 5/24/16. That was about what the pps was when CMFO went dark in early 2014. The cost of shares bought on that day was about $135K. Whoever it was that got those those then could probably get a lot more for a lot less now, imo. Like those 100K shares that went for .07 not too long ago. Don't see those days too often. Thanks for the response and GLTY and go CMFO! ;p

Sometimes they come back even after 7 or 10 years. Happens every now and then. The chinese arent very good returning emails either. but 300 bucks for 10k shares for a chance of them coming back to life and going .50, I'll take that risk. well would like 25k or so 50k max for me

And let's not forget CMFO's "Hi-Power" algae based "energy drink". A Chinese sort of "Red Bull". That product was expanding before "Darkness". This was once a HOT STOCK pick. I'd find it hard to believe they'd just shut down after they seemed to be doing so well and growing. I'm still trying to figure out what the deal was on 5/24/16 when 300K shares were bought up to .45 in about an hour, where it held til close. I was here for that and think there may be an encore performance at some point in the future. At least that's what I'm betting on. ;p

IMO. GLTA & GO GO CMFO!! RAH! LOL!!

I agree. PPS at historical lows so I've added shares for support and to avg down. Just need to find out about CMFO's current operation and financial condition before I get too CoMFOrtable with this stock! lol! GLTA and let's give a "SHOUT OUT" to CMFO! ;p

I hope they're still processing their "fresh catch" and "seafood snacks". In CMFO's last PR before going dark, they indicated that they would continue to update SH's periodically, which hasn't been the case. I've sent a couple of e-mails to them requesting a simple response and got NADA. When they said dark, they meant DARK! If anyone can shed some light on the darkness, I'd appreciate it! lol!

Thanks for the link. Nice to know CMFO is in good standing with the NVSOS. Now if they could do the same with their SH's, that would be great! Do you have any other recent info on this company? Has anyone been in contact with CMFO? Thanks again.

Yerah, bought some myself, worth the risk.

Worth some jic. Who knows what they are doing but they are still paying those fees for something

Compant filed amended list on NVSOS http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=5IWgpggHSFzI64zpUI2rvQ%253d%253d&CorpName=CHINA+MARINE+FOOD+GROUP+LIMITED

Dark Chinese cos are really HIT or MISS. You could get stuck in them for years or they could get suspended. But then again some just come right back out and go back to dollars. risk vs reward is ok i think. wouldnt bet the farm but ive had some Chinese stocks do good things later on.


will see. maybe i will pick up 5 or 10k possibly. but got a lot of sleeper dark cos already in my portfolio.


Cant hurt to call and cant hurt to speak Mandarin.lol

And to whomever got those 100K shares at .07, you got a great deal, IMO. My avg pps is above that, but I'm still accumulating below .06. I welcome all input with verifiable links. Not asking for much, huh?

Just waiting for the "flying fish" encore performance! IMO & GLTA!

$K, I've been following CMFO for years. I think they were trading on the NSYE when they "Voluntarily" decided to "Go Dark". If you read my previous post and did some DD on your own, you know their past so there isn't much more I can tell ya.

I WAS around on that last run in 05/16, and there were messages posted on this board that were deleted. That WHOLE time period was erased, but I made quite a bit of money on that run, and have been invested ever since. I still have no idea why "fish fell out of the sky" on that day. Just opinions and speculation.

NOBODY has been able to tell me anything about CMFO or they're just not saying. CMFO built a $6m cold storage warehouse in the year or so prior to going dark. The tsunami in Japan really hurt business there for a while given the radiation scare. CMFO survived that and were still operating although they took a financial hit just before the went dark. I don't know if they're buying back shares on random occasions or if it's somebody else. Wish I knew.

Although I hold more shares now than before, I'm just waiting for the next "Big Event" if/when it ever occurs. I noticed the spike in volume just a few days ago but no real movement in the pps, and decided to check the boards for any comments. I found yours. Now the B/A and vol are back to usual so I guess somebody wanted a 100K shares at .07. I held onto mine waiting for something better, later, maybe.

Maybe we should try calling CMFO or going to China for a visit. LOL!! If what I thought turned out to be true, this stock is WAY undervalued!! But you never can tell about these Chinese Co's?

All IMO.

How much assets do they have. I thought u couldnt deregister if you have more than 5 mil assets? Or is it 10 mil? I forget. But if you got assets you cant deregister you have to cash out I believe. But maybe they chinese do what they want....

Been watching a while. I watch a lot of dormant Chinese cos. Very common for them with high assets high revs and all and just go dark and never come back. Some do come back with dividends if they go public in China. Its scary these days bc SEC is suspending them and Finra deleting them.


at least they have kept it active on NV. most dont do that. so one plus sign.


Im not that good with reading fins. so what kind off assets did they have before they dereg?

I recognize some of their products. They sell them in Asian or at asian food stores in US.


my email is quazar22@gmail.com i see u have a free acct and cant reply but thats ok.


website is up too so thats even better. most let it go inactive or they dont update for years. anything new on the website since 2013? or is it all the same stuff unupdated?

In reviewing this CMFO board, it appears that it's missing a lot of its past posts within a specific time frame. Strange that nobody posted during that big spike on 5/24/16 and action afterwards. Anybody know anything about that?

I've been bottom feeding on this one for the past couple of months as CMFO seems like it is an excellent buy at this level if you go by the last available info. CMFO was valued at $126M in 2Q13 and had 27M in revenues. They were on "Hot Stock Pick" Lists in 2010 and Prescott Capital owned 23% of CMFO as late as 2/2014. CMFO seemed alive and well when it decided to "Go Dark" and delist itself from NASDAQ in 2014. The sentiment at that time was that CMFO would be taken "Private". Still waiting on that one unless they're doing it at random intervals with the last one being 5/24/16. Somebody bought 300K shares for $.45/shr. Could there be a repurchase or buyout ahead?? Based on the current PPS, CMFO's market value is only 1.19M which would seem unimaginable otherwise? Anybody know anything about any of this?

I'm fairly certain Prescott Capital no longer has a stake in CMFO but don't know when and how they disposed of 6.3M shares. I've tried calling PC but I've not gotten to speak with anyone. I emailed CMFO seeking any info but didn't get a response. Has anyone here had any contact with CMFO or know anything??

Just asking. Looking for facts. Links if possible. TIA! All IMO.

I am new to this board but have been following CMFO for more than five years. Since the company went "Dark" in 2014, DD has been hard to come by. Still searching and still buying. This was once a hot pick by some major players back in the day. Not sure what's up these days but don't think it's a shell. Who knows? Just my .05 worth of opinion.