May 5, 2015

CBLY made a new 12-month high today of $0.65

on 1000 shares volume. Someone has shorted at least

40,000 shares at $0.50 the last six months and his 60 day

order may have expired. If this shorter goes away, we have open

sailing. Checking the Level II quotes, there are 1000 offered at $0.58,

5890 @$0.60 and 1000 @$0.75 . Less than 10,000 shares should

get us to $0.75

New Photo below from a Teacher - dated May 1, 2015


We reported two months ago that a suit was filed against CBLY and some of their officers and board members. This case was still pending. Yesterday, at 4 PM Pacific Time a Meeting was requested by Dean Allen Morehous, an attorney for Troutman Sanders representing CBLY.


Troutman Sanders is an international firm with offices in Beijing.  My hope is that CBLY plans to go private with a reasonable offer for the 6.7 Million free trading shares held by US shareholders. 


My estimate of book value as of August 2015 is $125-$150 Million which about $4.50 per share.  The average cost to investors for US held shares is probably over $2.00.

Based on other Chinese companies held by US investors, an offer of 25% to 50% of book value is possible. There is a short position estimated at 50,000 shares that will be scrambling to cover.