> People need to need beyond the "none cash" items.  Otherwise CHLN had
> a spectacular quarter.  Think about it, other than EJ and XIn, this is
> it.  CHLN is still by far the most under valued of the 3.

> "We are pleased with our results for the second quarter, in which our
> revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> stabilization in the Chinese housing market and believe we are well
> positioned to benefit from Government policies such as the 'Go West'
> policy to encourage migration into western cities, as well as
> government stimulus policies," said Mr. Pingji Lu, China Housing's
> Chairman. "China's overall economic growth continues to be strong, and
> in Xi'an, we are seeing double-digit economic growth, as more
> technology and multinational companies are moving into Xi'an and the
> surrounding areas. All these elements have contributed, and we believe
> will continue to contribute, to our success."
> Financial Results for the 2009 Second Quarter

> For the quarter ended June 30, 2009, the Company's revenues were $22.6
> million, an increase of 71.2% year-over-year from $13.2 million in the
> second quarter last year, and an increase of 63.3% sequentially, from
> $13.8 million in the first quarter of 2009. This increase was
> primarily the result of pre-sales of the JunJing II Phase I project,
> and represented both an increase in total square meters sold, as well
> as higher selling price per square meter.

> Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> compared to 19,920 sq. meters in the second quarter of the prior year
> and 20,922 sq. meters in the first quarter of this year. Selling price
> per square meter of our current JunJing II Project increased to RMB
> 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> strength in the marketplace.

> Gross profit for the second quarter of 2009 was US$7.2 million, up
> 261.9% from $2.0 million in the same period of 2008, and up 66%
> sequentially from $4.3 million in the first quarter of this year. The
> gross profit margin for the second quarter was 31.9% compared with
> 15.0% in the same period last year, and up slightly from the first
> quarter gross margin of 31.4%. The year-over-year increase in gross
> margin is primarily due to the use of favorable pricing in the second
> quarter of 2008 for the initial marketing of the JunJing II project in
> order to attract market interest and encourage future sales.

> Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> hope this turns around.

> On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > it.  CHLN is still by far the most under valued of the 3.

> > "We are pleased with our results for the second quarter, in which our
> > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > stabilization in the Chinese housing market and believe we are well
> > positioned to benefit from Government policies such as the 'Go West'
> > policy to encourage migration into western cities, as well as
> > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > Chairman. "China's overall economic growth continues to be strong, and
> > in Xi'an, we are seeing double-digit economic growth, as more
> > technology and multinational companies are moving into Xi'an and the
> > surrounding areas. All these elements have contributed, and we believe
> > will continue to contribute, to our success."
> > Financial Results for the 2009 Second Quarter

> > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > million, an increase of 71.2% year-over-year from $13.2 million in the
> > second quarter last year, and an increase of 63.3% sequentially, from
> > $13.8 million in the first quarter of 2009. This increase was
> > primarily the result of pre-sales of the JunJing II Phase I project,
> > and represented both an increase in total square meters sold, as well
> > as higher selling price per square meter.

> > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > compared to 19,920 sq. meters in the second quarter of the prior year
> > and 20,922 sq. meters in the first quarter of this year. Selling price
> > per square meter of our current JunJing II Project increased to RMB
> > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > strength in the marketplace.

> > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > sequentially from $4.3 million in the first quarter of this year. The
> > gross profit margin for the second quarter was 31.9% compared with
> > 15.0% in the same period last year, and up slightly from the first
> > quarter gross margin of 31.4%. The year-over-year increase in gross
> > margin is primarily due to the use of favorable pricing in the second
> > quarter of 2008 for the initial marketing of the JunJing II project in
> > order to attract market interest and encourage future sales.- Hide quoted text -

> - Show quoted text -

> agreed they paid down a 10mil worth of debt and had outstanding growth
> numbers in all their fields(also growth in debt/interest but not
> disproportionaly so). anyways i think what it comes down to is what
> exactly they mean by derivative/warrant revaluation. anyone have any
> thoughts on this? I am thinking of adding to my position but that is
> the only question in my mind that says i should not. guess i may have
> to wait for the conference call....

> On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > hope this turns around.

> > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > it.  CHLN is still by far the most under valued of the 3.

> > > "We are pleased with our results for the second quarter, in which our
> > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > stabilization in the Chinese housing market and believe we are well
> > > positioned to benefit from Government policies such as the 'Go West'
> > > policy to encourage migration into western cities, as well as
> > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > Chairman. "China's overall economic growth continues to be strong, and
> > > in Xi'an, we are seeing double-digit economic growth, as more
> > > technology and multinational companies are moving into Xi'an and the
> > > surrounding areas. All these elements have contributed, and we believe
> > > will continue to contribute, to our success."
> > > Financial Results for the 2009 Second Quarter

> > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > second quarter last year, and an increase of 63.3% sequentially, from
> > > $13.8 million in the first quarter of 2009. This increase was
> > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > and represented both an increase in total square meters sold, as well
> > > as higher selling price per square meter.

> > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > per square meter of our current JunJing II Project increased to RMB
> > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > strength in the marketplace.

> > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > sequentially from $4.3 million in the first quarter of this year. The
> > > gross profit margin for the second quarter was 31.9% compared with
> > > 15.0% in the same period last year, and up slightly from the first
> > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > margin is primarily due to the use of favorable pricing in the second
> > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > order to attract market interest and encourage future sales.- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> Me too, I would love to know what the problem with dirivatives was. I
> think that they may have made some investments that went south. Since
> they are a player in real estate also, maybe it was some form of
> dirivatives with land acquisitions ????

> On Aug 13, 10:25 am, ca7711 <ca7...@googlemail.com> wrote:

> > agreed they paid down a 10mil worth of debt and had outstanding growth
> > numbers in all their fields(also growth in debt/interest but not
> > disproportionaly so). anyways i think what it comes down to is what
> > exactly they mean by derivative/warrant revaluation. anyone have any
> > thoughts on this? I am thinking of adding to my position but that is
> > the only question in my mind that says i should not. guess i may have
> > to wait for the conference call....

> > On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > > hope this turns around.

> > > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > > it.  CHLN is still by far the most under valued of the 3.

> > > > "We are pleased with our results for the second quarter, in which our
> > > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > > stabilization in the Chinese housing market and believe we are well
> > > > positioned to benefit from Government policies such as the 'Go West'
> > > > policy to encourage migration into western cities, as well as
> > > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > > Chairman. "China's overall economic growth continues to be strong, and
> > > > in Xi'an, we are seeing double-digit economic growth, as more
> > > > technology and multinational companies are moving into Xi'an and the
> > > > surrounding areas. All these elements have contributed, and we believe
> > > > will continue to contribute, to our success."
> > > > Financial Results for the 2009 Second Quarter

> > > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > > second quarter last year, and an increase of 63.3% sequentially, from
> > > > $13.8 million in the first quarter of 2009. This increase was
> > > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > > and represented both an increase in total square meters sold, as well
> > > > as higher selling price per square meter.

> > > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > > per square meter of our current JunJing II Project increased to RMB
> > > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > > strength in the marketplace.

> > > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > > sequentially from $4.3 million in the first quarter of this year. The
> > > > gross profit margin for the second quarter was 31.9% compared with
> > > > 15.0% in the same period last year, and up slightly from the first
> > > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > > margin is primarily due to the use of favorable pricing in the second
> > > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > > order to attract market interest and encourage future sales.- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> after looking at their statement some more i am thinking that the
> share price has reached such a level that their derivatives and
> warrants are exercisible. Check out page 15 of their statement it
> talks about convertable debt/warrants and all that. what we might be
> seeing is some dilution resulting from this. anyways just a thought so
> if anyone has any other theories let me know.

> On Aug 13, 10:30 am, LogCabin <ach...@verizon.net> wrote:

> > Me too, I would love to know what the problem with dirivatives was. I
> > think that they may have made some investments that went south. Since
> > they are a player in real estate also, maybe it was some form of
> > dirivatives with land acquisitions ????

> > On Aug 13, 10:25 am, ca7711 <ca7...@googlemail.com> wrote:

> > > agreed they paid down a 10mil worth of debt and had outstanding growth
> > > numbers in all their fields(also growth in debt/interest but not
> > > disproportionaly so). anyways i think what it comes down to is what
> > > exactly they mean by derivative/warrant revaluation. anyone have any
> > > thoughts on this? I am thinking of adding to my position but that is
> > > the only question in my mind that says i should not. guess i may have
> > > to wait for the conference call....

> > > On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > > > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > > > hope this turns around.

> > > > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > > > it.  CHLN is still by far the most under valued of the 3.

> > > > > "We are pleased with our results for the second quarter, in which our
> > > > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > > > stabilization in the Chinese housing market and believe we are well
> > > > > positioned to benefit from Government policies such as the 'Go West'
> > > > > policy to encourage migration into western cities, as well as
> > > > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > > > Chairman. "China's overall economic growth continues to be strong, and
> > > > > in Xi'an, we are seeing double-digit economic growth, as more
> > > > > technology and multinational companies are moving into Xi'an and the
> > > > > surrounding areas. All these elements have contributed, and we believe
> > > > > will continue to contribute, to our success."
> > > > > Financial Results for the 2009 Second Quarter

> > > > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > > > second quarter last year, and an increase of 63.3% sequentially, from
> > > > > $13.8 million in the first quarter of 2009. This increase was
> > > > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > > > and represented both an increase in total square meters sold, as well
> > > > > as higher selling price per square meter.

> > > > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > > > per square meter of our current JunJing II Project increased to RMB
> > > > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > > > strength in the marketplace.

> > > > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > > > sequentially from $4.3 million in the first quarter of this year. The
> > > > > gross profit margin for the second quarter was 31.9% compared with
> > > > > 15.0% in the same period last year, and up slightly from the first
> > > > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > > > margin is primarily due to the use of favorable pricing in the second
> > > > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > > > order to attract market interest and encourage future sales.- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> correction it is their anticipated exercising that this company is
> projecting with their revalution...

> On Aug 13, 10:35 am, ca7711 <ca7...@googlemail.com> wrote:

> > after looking at their statement some more i am thinking that the
> > share price has reached such a level that their derivatives and
> > warrants are exercisible. Check out page 15 of their statement it
> > talks about convertable debt/warrants and all that. what we might be
> > seeing is some dilution resulting from this. anyways just a thought so
> > if anyone has any other theories let me know.

> > On Aug 13, 10:30 am, LogCabin <ach...@verizon.net> wrote:

> > > Me too, I would love to know what the problem with dirivatives was. I
> > > think that they may have made some investments that went south. Since
> > > they are a player in real estate also, maybe it was some form of
> > > dirivatives with land acquisitions ????

> > > On Aug 13, 10:25 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > agreed they paid down a 10mil worth of debt and had outstanding growth
> > > > numbers in all their fields(also growth in debt/interest but not
> > > > disproportionaly so). anyways i think what it comes down to is what
> > > > exactly they mean by derivative/warrant revaluation. anyone have any
> > > > thoughts on this? I am thinking of adding to my position but that is
> > > > the only question in my mind that says i should not. guess i may have
> > > > to wait for the conference call....

> > > > On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > > > > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > > > > hope this turns around.

> > > > > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > > > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > > > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > > > > it.  CHLN is still by far the most under valued of the 3.

> > > > > > "We are pleased with our results for the second quarter, in which our
> > > > > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > > > > stabilization in the Chinese housing market and believe we are well
> > > > > > positioned to benefit from Government policies such as the 'Go West'
> > > > > > policy to encourage migration into western cities, as well as
> > > > > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > > > > Chairman. "China's overall economic growth continues to be strong, and
> > > > > > in Xi'an, we are seeing double-digit economic growth, as more
> > > > > > technology and multinational companies are moving into Xi'an and the
> > > > > > surrounding areas. All these elements have contributed, and we believe
> > > > > > will continue to contribute, to our success."
> > > > > > Financial Results for the 2009 Second Quarter

> > > > > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > > > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > > > > second quarter last year, and an increase of 63.3% sequentially, from
> > > > > > $13.8 million in the first quarter of 2009. This increase was
> > > > > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > > > > and represented both an increase in total square meters sold, as well
> > > > > > as higher selling price per square meter.

> > > > > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > > > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > > > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > > > > per square meter of our current JunJing II Project increased to RMB
> > > > > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > > > > strength in the marketplace.

> > > > > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > > > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > > > > sequentially from $4.3 million in the first quarter of this year. The
> > > > > > gross profit margin for the second quarter was 31.9% compared with
> > > > > > 15.0% in the same period last year, and up slightly from the first
> > > > > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > > > > margin is primarily due to the use of favorable pricing in the second
> > > > > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > > > > order to attract market interest and encourage future sales.- Hide quoted text -

> > > > > - Show quoted text -- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> So how do you translate this into why it is affecting such a good
> earnings report ?

> On Aug 13, 11:06 am, ca7711 <ca7...@googlemail.com> wrote:

> > correction it is their anticipated exercising that this company is
> > projecting with their revalution...

> > On Aug 13, 10:35 am, ca7711 <ca7...@googlemail.com> wrote:

> > > after looking at their statement some more i am thinking that the
> > > share price has reached such a level that their derivatives and
> > > warrants are exercisible. Check out page 15 of their statement it
> > > talks about convertable debt/warrants and all that. what we might be
> > > seeing is some dilution resulting from this. anyways just a thought so
> > > if anyone has any other theories let me know.

> > > On Aug 13, 10:30 am, LogCabin <ach...@verizon.net> wrote:

> > > > Me too, I would love to know what the problem with dirivatives was. I
> > > > think that they may have made some investments that went south. Since
> > > > they are a player in real estate also, maybe it was some form of
> > > > dirivatives with land acquisitions ????

> > > > On Aug 13, 10:25 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > agreed they paid down a 10mil worth of debt and had outstanding growth
> > > > > numbers in all their fields(also growth in debt/interest but not
> > > > > disproportionaly so). anyways i think what it comes down to is what
> > > > > exactly they mean by derivative/warrant revaluation. anyone have any
> > > > > thoughts on this? I am thinking of adding to my position but that is
> > > > > the only question in my mind that says i should not. guess i may have
> > > > > to wait for the conference call....

> > > > > On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > > > > > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > > > > > hope this turns around.

> > > > > > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > > > > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > > > > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > > > > > it.  CHLN is still by far the most under valued of the 3.

> > > > > > > "We are pleased with our results for the second quarter, in which our
> > > > > > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > > > > > stabilization in the Chinese housing market and believe we are well
> > > > > > > positioned to benefit from Government policies such as the 'Go West'
> > > > > > > policy to encourage migration into western cities, as well as
> > > > > > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > > > > > Chairman. "China's overall economic growth continues to be strong, and
> > > > > > > in Xi'an, we are seeing double-digit economic growth, as more
> > > > > > > technology and multinational companies are moving into Xi'an and the
> > > > > > > surrounding areas. All these elements have contributed, and we believe
> > > > > > > will continue to contribute, to our success."
> > > > > > > Financial Results for the 2009 Second Quarter

> > > > > > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > > > > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > > > > > second quarter last year, and an increase of 63.3% sequentially, from
> > > > > > > $13.8 million in the first quarter of 2009. This increase was
> > > > > > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > > > > > and represented both an increase in total square meters sold, as well
> > > > > > > as higher selling price per square meter.

> > > > > > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > > > > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > > > > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > > > > > per square meter of our current JunJing II Project increased to RMB
> > > > > > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > > > > > strength in the marketplace.

> > > > > > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > > > > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > > > > > sequentially from $4.3 million in the first quarter of this year. The
> > > > > > > gross profit margin for the second quarter was 31.9% compared with
> > > > > > > 15.0% in the same period last year, and up slightly from the first
> > > > > > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > > > > > margin is primarily due to the use of favorable pricing in the second
> > > > > > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > > > > > order to attract market interest and encourage future sales.- Hide quoted text -

> > > > > > - Show quoted text -- Hide quoted text -

> > > > > - Show quoted text -- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> hmmm shorters maybe i dont know

> On Aug 13, 2:00 pm, LogCabin <ach...@verizon.net> wrote:

> > So how do you translate this into why it is affecting such a good
> > earnings report ?

> > On Aug 13, 11:06 am, ca7711 <ca7...@googlemail.com> wrote:

> > > correction it is their anticipated exercising that this company is
> > > projecting with their revalution...

> > > On Aug 13, 10:35 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > after looking at their statement some more i am thinking that the
> > > > share price has reached such a level that their derivatives and
> > > > warrants are exercisible. Check out page 15 of their statement it
> > > > talks about convertable debt/warrants and all that. what we might be
> > > > seeing is some dilution resulting from this. anyways just a thought so
> > > > if anyone has any other theories let me know.

> > > > On Aug 13, 10:30 am, LogCabin <ach...@verizon.net> wrote:

> > > > > Me too, I would love to know what the problem with dirivatives was. I
> > > > > think that they may have made some investments that went south. Since
> > > > > they are a player in real estate also, maybe it was some form of
> > > > > dirivatives with land acquisitions ????

> > > > > On Aug 13, 10:25 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > > agreed they paid down a 10mil worth of debt and had outstanding growth
> > > > > > numbers in all their fields(also growth in debt/interest but not
> > > > > > disproportionaly so). anyways i think what it comes down to is what
> > > > > > exactly they mean by derivative/warrant revaluation. anyone have any
> > > > > > thoughts on this? I am thinking of adding to my position but that is
> > > > > > the only question in my mind that says i should not. guess i may have
> > > > > > to wait for the conference call....

> > > > > > On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > > > > > > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > > > > > > hope this turns around.

> > > > > > > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > > > > > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > > > > > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > > > > > > it.  CHLN is still by far the most under valued of the 3.

> > > > > > > > "We are pleased with our results for the second quarter, in which our
> > > > > > > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > > > > > > stabilization in the Chinese housing market and believe we are well
> > > > > > > > positioned to benefit from Government policies such as the 'Go West'
> > > > > > > > policy to encourage migration into western cities, as well as
> > > > > > > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > > > > > > Chairman. "China's overall economic growth continues to be strong, and
> > > > > > > > in Xi'an, we are seeing double-digit economic growth, as more
> > > > > > > > technology and multinational companies are moving into Xi'an and the
> > > > > > > > surrounding areas. All these elements have contributed, and we believe
> > > > > > > > will continue to contribute, to our success."
> > > > > > > > Financial Results for the 2009 Second Quarter

> > > > > > > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > > > > > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > > > > > > second quarter last year, and an increase of 63.3% sequentially, from
> > > > > > > > $13.8 million in the first quarter of 2009. This increase was
> > > > > > > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > > > > > > and represented both an increase in total square meters sold, as well
> > > > > > > > as higher selling price per square meter.

> > > > > > > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > > > > > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > > > > > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > > > > > > per square meter of our current JunJing II Project increased to RMB
> > > > > > > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > > > > > > strength in the marketplace.

> > > > > > > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > > > > > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > > > > > > sequentially from $4.3 million in the first quarter of this year. The
> > > > > > > > gross profit margin for the second quarter was 31.9% compared with
> > > > > > > > 15.0% in the same period last year, and up slightly from the first
> > > > > > > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > > > > > > margin is primarily due to the use of favorable pricing in the second
> > > > > > > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > > > > > > order to attract market interest and encourage future sales.- Hide quoted text -

> > > > > > > - Show quoted text -- Hide quoted text -

> > > > > > - Show quoted text -- Hide quoted text -

> > > > > - Show quoted text -- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> ok ill take a stab at it.
> 1. the revaluing of derivatives and warrants relates to convertable
> debt
> 2. the provisions in this 1.5 million warrants become exercisable at a
> certain common share price which just happens to be the range we are
> at: 6.07.
>      1.5million to the 30 million shares is an automatic 5% dilution.
> 3. for the convertable debt. 45 % of the original debt is convertable
> which means (9million$ i share value) at an exercise price of 5.57
>      This eqautes to another 1.5 million shares which makes another 5%
> dilution.
> 4. Now they may not actually have exercised their rights but the
> company has the financial obligation to set aside the funds to cover
> for when this happens.
> 5. average price decline today 10%

> Please take what i have said with a grain of salt. I do not claim to
> be a professional this is just what i see after looking through the
> statement. thanks

> On Aug 13, 2:20 pm, ca7711 <ca7...@googlemail.com> wrote:

> > hmmm shorters maybe i dont know

> > On Aug 13, 2:00 pm, LogCabin <ach...@verizon.net> wrote:

> > > So how do you translate this into why it is affecting such a good
> > > earnings report ?

> > > On Aug 13, 11:06 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > correction it is their anticipated exercising that this company is
> > > > projecting with their revalution...

> > > > On Aug 13, 10:35 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > after looking at their statement some more i am thinking that the
> > > > > share price has reached such a level that their derivatives and
> > > > > warrants are exercisible. Check out page 15 of their statement it
> > > > > talks about convertable debt/warrants and all that. what we might be
> > > > > seeing is some dilution resulting from this. anyways just a thought so
> > > > > if anyone has any other theories let me know.

> > > > > On Aug 13, 10:30 am, LogCabin <ach...@verizon.net> wrote:

> > > > > > Me too, I would love to know what the problem with dirivatives was. I
> > > > > > think that they may have made some investments that went south. Since
> > > > > > they are a player in real estate also, maybe it was some form of
> > > > > > dirivatives with land acquisitions ????

> > > > > > On Aug 13, 10:25 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > > > agreed they paid down a 10mil worth of debt and had outstanding growth
> > > > > > > numbers in all their fields(also growth in debt/interest but not
> > > > > > > disproportionaly so). anyways i think what it comes down to is what
> > > > > > > exactly they mean by derivative/warrant revaluation. anyone have any
> > > > > > > thoughts on this? I am thinking of adding to my position but that is
> > > > > > > the only question in my mind that says i should not. guess i may have
> > > > > > > to wait for the conference call....

> > > > > > > On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > > > > > > > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > > > > > > > hope this turns around.

> > > > > > > > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > > > > > > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > > > > > > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > > > > > > > it.  CHLN is still by far the most under valued of the 3.

> > > > > > > > > "We are pleased with our results for the second quarter, in which our
> > > > > > > > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > > > > > > > stabilization in the Chinese housing market and believe we are well
> > > > > > > > > positioned to benefit from Government policies such as the 'Go West'
> > > > > > > > > policy to encourage migration into western cities, as well as
> > > > > > > > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > > > > > > > Chairman. "China's overall economic growth continues to be strong, and
> > > > > > > > > in Xi'an, we are seeing double-digit economic growth, as more
> > > > > > > > > technology and multinational companies are moving into Xi'an and the
> > > > > > > > > surrounding areas. All these elements have contributed, and we believe
> > > > > > > > > will continue to contribute, to our success."
> > > > > > > > > Financial Results for the 2009 Second Quarter

> > > > > > > > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > > > > > > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > > > > > > > second quarter last year, and an increase of 63.3% sequentially, from
> > > > > > > > > $13.8 million in the first quarter of 2009. This increase was
> > > > > > > > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > > > > > > > and represented both an increase in total square meters sold, as well
> > > > > > > > > as higher selling price per square meter.

> > > > > > > > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > > > > > > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > > > > > > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > > > > > > > per square meter of our current JunJing II Project increased to RMB
> > > > > > > > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > > > > > > > strength in the marketplace.

> > > > > > > > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > > > > > > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > > > > > > > sequentially from $4.3 million in the first quarter of this year. The
> > > > > > > > > gross profit margin for the second quarter was 31.9% compared with
> > > > > > > > > 15.0% in the same period last year, and up slightly from the first
> > > > > > > > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > > > > > > > margin is primarily due to the use of favorable pricing in the second
> > > > > > > > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > > > > > > > order to attract market interest and encourage future sales.- Hide quoted text -

> > > > > > > > - Show quoted text -- Hide quoted text -

> > > > > > > - Show quoted text -- Hide quoted text -

> > > > > > - Show quoted text -- Hide quoted text -

> > > > > - Show quoted text -- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> ok ill take a stab at it.
> 1. the revaluing of derivatives and warrants relates to convertable
> debt
> 2. the provisions in this 1.5 million warrants become exercisable at a
> certain common share price which just happens to be the range we are
> at: 6.07.
>      1.5million to the 30 million shares is an automatic 5% dilution.
> 3. for the convertable debt. 45 % of the original debt is convertable
> which means (9million$ i share value) at an exercise price of 5.57
>      This eqautes to another 1.5 million shares which makes another 5%
> dilution.
> 4. Now they may not actually have exercised their rights but the
> company has the financial obligation to set aside the funds to cover
> for when this happens.
> 5. average price decline today 10%

> Please take what i have said with a grain of salt. I do not claim to
> be a professional this is just what i see after looking through the
> statement. thanks

> On Aug 13, 2:20 pm, ca7711 <ca7...@googlemail.com> wrote:

> > hmmm shorters maybe i dont know

> > On Aug 13, 2:00 pm, LogCabin <ach...@verizon.net> wrote:

> > > So how do you translate this into why it is affecting such a good
> > > earnings report ?

> > > On Aug 13, 11:06 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > correction it is their anticipated exercising that this company is
> > > > projecting with their revalution...

> > > > On Aug 13, 10:35 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > after looking at their statement some more i am thinking that the
> > > > > share price has reached such a level that their derivatives and
> > > > > warrants are exercisible. Check out page 15 of their statement it
> > > > > talks about convertable debt/warrants and all that. what we might be
> > > > > seeing is some dilution resulting from this. anyways just a thought so
> > > > > if anyone has any other theories let me know.

> > > > > On Aug 13, 10:30 am, LogCabin <ach...@verizon.net> wrote:

> > > > > > Me too, I would love to know what the problem with dirivatives was. I
> > > > > > think that they may have made some investments that went south. Since
> > > > > > they are a player in real estate also, maybe it was some form of
> > > > > > dirivatives with land acquisitions ????

> > > > > > On Aug 13, 10:25 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > > > agreed they paid down a 10mil worth of debt and had outstanding growth
> > > > > > > numbers in all their fields(also growth in debt/interest but not
> > > > > > > disproportionaly so). anyways i think what it comes down to is what
> > > > > > > exactly they mean by derivative/warrant revaluation. anyone have any
> > > > > > > thoughts on this? I am thinking of adding to my position but that is
> > > > > > > the only question in my mind that says i should not. guess i may have
> > > > > > > to wait for the conference call....

> > > > > > > On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > > > > > > > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > > > > > > > hope this turns around.

> > > > > > > > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > > > > > > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > > > > > > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > > > > > > > it.  CHLN is still by far the most under valued of the 3.

> > > > > > > > > "We are pleased with our results for the second quarter, in which our
> > > > > > > > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > > > > > > > stabilization in the Chinese housing market and believe we are well
> > > > > > > > > positioned to benefit from Government policies such as the 'Go West'
> > > > > > > > > policy to encourage migration into western cities, as well as
> > > > > > > > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > > > > > > > Chairman. "China's overall economic growth continues to be strong, and
> > > > > > > > > in Xi'an, we are seeing double-digit economic growth, as more
> > > > > > > > > technology and multinational companies are moving into Xi'an and the
> > > > > > > > > surrounding areas. All these elements have contributed, and we believe
> > > > > > > > > will continue to contribute, to our success."
> > > > > > > > > Financial Results for the 2009 Second Quarter

> > > > > > > > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > > > > > > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > > > > > > > second quarter last year, and an increase of 63.3% sequentially, from
> > > > > > > > > $13.8 million in the first quarter of 2009. This increase was
> > > > > > > > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > > > > > > > and represented both an increase in total square meters sold, as well
> > > > > > > > > as higher selling price per square meter.

> > > > > > > > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > > > > > > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > > > > > > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > > > > > > > per square meter of our current JunJing II Project increased to RMB
> > > > > > > > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > > > > > > > strength in the marketplace.

> > > > > > > > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > > > > > > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > > > > > > > sequentially from $4.3 million in the first quarter of this year. The
> > > > > > > > > gross profit margin for the second quarter was 31.9% compared with
> > > > > > > > > 15.0% in the same period last year, and up slightly from the first
> > > > > > > > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > > > > > > > margin is primarily due to the use of favorable pricing in the second
> > > > > > > > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > > > > > > > order to attract market interest and encourage future sales.- Hide quoted text -

> > > > > > > > - Show quoted text -- Hide quoted text -

> > > > > > > - Show quoted text -- Hide quoted text -

> > > > > > - Show quoted text -- Hide quoted text -

> > > > > - Show quoted text -- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> Well, that is a better explanation than anyone else seems to have. My
> take,   Good company in high growth area and high growth sector, in a
> country that is way ahead of the curve as far as coming out of this
> global meltdown. this company is preselling things as fast as they can
> list them. The country is putting in tremendous amounts of money to
> improve the infrastructure in the Xian area. I have personally been
> there ( 2007) and believe me this area is growing. This equates to
> what Chicago  is for the U.S., a gateway and hub to the west. Only
> Xian is like a Chicago in the 1800's. I had over 3,000 shares and just
> added 400 more @ 5.50 and 200 more @ 5.26

> On Aug 13, 2:44 pm, ca7711 <ca7...@googlemail.com> wrote:

> > ok ill take a stab at it.
> > 1. the revaluing of derivatives and warrants relates to convertable
> > debt
> > 2. the provisions in this 1.5 million warrants become exercisable at a
> > certain common share price which just happens to be the range we are
> > at: 6.07.
> >      1.5million to the 30 million shares is an automatic 5% dilution.
> > 3. for the convertable debt. 45 % of the original debt is convertable
> > which means (9million$ i share value) at an exercise price of 5.57
> >      This eqautes to another 1.5 million shares which makes another 5%
> > dilution.
> > 4. Now they may not actually have exercised their rights but the
> > company has the financial obligation to set aside the funds to cover
> > for when this happens.
> > 5. average price decline today 10%

> > Please take what i have said with a grain of salt. I do not claim to
> > be a professional this is just what i see after looking through the
> > statement. thanks

> > On Aug 13, 2:20 pm, ca7711 <ca7...@googlemail.com> wrote:

> > > hmmm shorters maybe i dont know

> > > On Aug 13, 2:00 pm, LogCabin <ach...@verizon.net> wrote:

> > > > So how do you translate this into why it is affecting such a good
> > > > earnings report ?

> > > > On Aug 13, 11:06 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > correction it is their anticipated exercising that this company is
> > > > > projecting with their revalution...

> > > > > On Aug 13, 10:35 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > > after looking at their statement some more i am thinking that the
> > > > > > share price has reached such a level that their derivatives and
> > > > > > warrants are exercisible. Check out page 15 of their statement it
> > > > > > talks about convertable debt/warrants and all that. what we might be
> > > > > > seeing is some dilution resulting from this. anyways just a thought so
> > > > > > if anyone has any other theories let me know.

> > > > > > On Aug 13, 10:30 am, LogCabin <ach...@verizon.net> wrote:

> > > > > > > Me too, I would love to know what the problem with dirivatives was. I
> > > > > > > think that they may have made some investments that went south. Since
> > > > > > > they are a player in real estate also, maybe it was some form of
> > > > > > > dirivatives with land acquisitions ????

> > > > > > > On Aug 13, 10:25 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > > > > agreed they paid down a 10mil worth of debt and had outstanding growth
> > > > > > > > numbers in all their fields(also growth in debt/interest but not
> > > > > > > > disproportionaly so). anyways i think what it comes down to is what
> > > > > > > > exactly they mean by derivative/warrant revaluation. anyone have any
> > > > > > > > thoughts on this? I am thinking of adding to my position but that is
> > > > > > > > the only question in my mind that says i should not. guess i may have
> > > > > > > > to wait for the conference call....

> > > > > > > > On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > > > > > > > > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > > > > > > > > hope this turns around.

> > > > > > > > > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > > > > > > > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > > > > > > > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > > > > > > > > it.  CHLN is still by far the most under valued of the 3.

> > > > > > > > > > "We are pleased with our results for the second quarter, in which our
> > > > > > > > > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > > > > > > > > stabilization in the Chinese housing market and believe we are well
> > > > > > > > > > positioned to benefit from Government policies such as the 'Go West'
> > > > > > > > > > policy to encourage migration into western cities, as well as
> > > > > > > > > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > > > > > > > > Chairman. "China's overall economic growth continues to be strong, and
> > > > > > > > > > in Xi'an, we are seeing double-digit economic growth, as more
> > > > > > > > > > technology and multinational companies are moving into Xi'an and the
> > > > > > > > > > surrounding areas. All these elements have contributed, and we believe
> > > > > > > > > > will continue to contribute, to our success."
> > > > > > > > > > Financial Results for the 2009 Second Quarter

> > > > > > > > > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > > > > > > > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > > > > > > > > second quarter last year, and an increase of 63.3% sequentially, from
> > > > > > > > > > $13.8 million in the first quarter of 2009. This increase was
> > > > > > > > > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > > > > > > > > and represented both an increase in total square meters sold, as well
> > > > > > > > > > as higher selling price per square meter.

> > > > > > > > > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > > > > > > > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > > > > > > > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > > > > > > > > per square meter of our current JunJing II Project increased to RMB
> > > > > > > > > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > > > > > > > > strength in the marketplace.

> > > > > > > > > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > > > > > > > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > > > > > > > > sequentially from $4.3 million in the first quarter of this year. The
> > > > > > > > > > gross profit margin for the second quarter was 31.9% compared with
> > > > > > > > > > 15.0% in the same period last year, and up slightly from the first
> > > > > > > > > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > > > > > > > > margin is primarily due to the use of favorable pricing in the second
> > > > > > > > > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > > > > > > > > order to attract market interest and encourage future sales.- Hide quoted text -

> > > > > > > > > - Show quoted text -- Hide quoted text -

> > > > > > > > - Show quoted text -- Hide quoted text -

> > > > > > > - Show quoted text -- Hide quoted text -

> > > > > > - Show quoted text -- Hide quoted text -

> > > > > - Show quoted text -- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> word im building as we drop. not to such a great extent as you seem to
> be but 100 shares and 100 shares there adds up. anyways im thinking
> this has been a great couple of quarters for this company and the only
> thing im worried about is how can they afford to continue to grow?

> On Aug 13, 3:21 pm, LogCabin <ach...@verizon.net> wrote:

> > Well, that is a better explanation than anyone else seems to have. My
> > take,   Good company in high growth area and high growth sector, in a
> > country that is way ahead of the curve as far as coming out of this
> > global meltdown. this company is preselling things as fast as they can
> > list them. The country is putting in tremendous amounts of money to
> > improve the infrastructure in the Xian area. I have personally been
> > there ( 2007) and believe me this area is growing. This equates to
> > what Chicago  is for the U.S., a gateway and hub to the west. Only
> > Xian is like a Chicago in the 1800's. I had over 3,000 shares and just
> > added 400 more @ 5.50 and 200 more @ 5.26

> > On Aug 13, 2:44 pm, ca7711 <ca7...@googlemail.com> wrote:

> > > ok ill take a stab at it.
> > > 1. the revaluing of derivatives and warrants relates to convertable
> > > debt
> > > 2. the provisions in this 1.5 million warrants become exercisable at a
> > > certain common share price which just happens to be the range we are
> > > at: 6.07.
> > >      1.5million to the 30 million shares is an automatic 5% dilution.
> > > 3. for the convertable debt. 45 % of the original debt is convertable
> > > which means (9million$ i share value) at an exercise price of 5.57
> > >      This eqautes to another 1.5 million shares which makes another 5%
> > > dilution.
> > > 4. Now they may not actually have exercised their rights but the
> > > company has the financial obligation to set aside the funds to cover
> > > for when this happens.
> > > 5. average price decline today 10%

> > > Please take what i have said with a grain of salt. I do not claim to
> > > be a professional this is just what i see after looking through the
> > > statement. thanks

> > > On Aug 13, 2:20 pm, ca7711 <ca7...@googlemail.com> wrote:

> > > > hmmm shorters maybe i dont know

> > > > On Aug 13, 2:00 pm, LogCabin <ach...@verizon.net> wrote:

> > > > > So how do you translate this into why it is affecting such a good
> > > > > earnings report ?

> > > > > On Aug 13, 11:06 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > > correction it is their anticipated exercising that this company is
> > > > > > projecting with their revalution...

> > > > > > On Aug 13, 10:35 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > > > after looking at their statement some more i am thinking that the
> > > > > > > share price has reached such a level that their derivatives and
> > > > > > > warrants are exercisible. Check out page 15 of their statement it
> > > > > > > talks about convertable debt/warrants and all that. what we might be
> > > > > > > seeing is some dilution resulting from this. anyways just a thought so
> > > > > > > if anyone has any other theories let me know.

> > > > > > > On Aug 13, 10:30 am, LogCabin <ach...@verizon.net> wrote:

> > > > > > > > Me too, I would love to know what the problem with dirivatives was. I
> > > > > > > > think that they may have made some investments that went south. Since
> > > > > > > > they are a player in real estate also, maybe it was some form of
> > > > > > > > dirivatives with land acquisitions ????

> > > > > > > > On Aug 13, 10:25 am, ca7711 <ca7...@googlemail.com> wrote:

> > > > > > > > > agreed they paid down a 10mil worth of debt and had outstanding growth
> > > > > > > > > numbers in all their fields(also growth in debt/interest but not
> > > > > > > > > disproportionaly so). anyways i think what it comes down to is what
> > > > > > > > > exactly they mean by derivative/warrant revaluation. anyone have any
> > > > > > > > > thoughts on this? I am thinking of adding to my position but that is
> > > > > > > > > the only question in my mind that says i should not. guess i may have
> > > > > > > > > to wait for the conference call....

> > > > > > > > > On Aug 13, 10:13 am, "j.r." <jon.rol...@gmail.com> wrote:

> > > > > > > > > > Yea, I agree, but, apparently, the broader market is not.  D*MN!  I
> > > > > > > > > > hope this turns around.

> > > > > > > > > > On Aug 13, 10:08 am, "anime...@gmail.com" <anime...@gmail.com> wrote:

> > > > > > > > > > > People need to need beyond the "none cash" items.  Otherwise CHLN had
> > > > > > > > > > > a spectacular quarter.  Think about it, other than EJ and XIn, this is
> > > > > > > > > > > it.  CHLN is still by far the most under valued of the 3.

> > > > > > > > > > > "We are pleased with our results for the second quarter, in which our
> > > > > > > > > > > revenues grew sequentially by 63.3% to $22.6 million. We are seeing
> > > > > > > > > > > stabilization in the Chinese housing market and believe we are well
> > > > > > > > > > > positioned to benefit from Government policies such as the 'Go West'
> > > > > > > > > > > policy to encourage migration into western cities, as well as
> > > > > > > > > > > government stimulus policies," said Mr. Pingji Lu, China Housing's
> > > > > > > > > > > Chairman. "China's overall economic growth continues to be strong, and
> > > > > > > > > > > in Xi'an, we are seeing double-digit economic growth, as more
> > > > > > > > > > > technology and multinational companies are moving into Xi'an and the
> > > > > > > > > > > surrounding areas. All these elements have contributed, and we believe
> > > > > > > > > > > will continue to contribute, to our success."
> > > > > > > > > > > Financial Results for the 2009 Second Quarter

> > > > > > > > > > > For the quarter ended June 30, 2009, the Company's revenues were $22.6
> > > > > > > > > > > million, an increase of 71.2% year-over-year from $13.2 million in the
> > > > > > > > > > > second quarter last year, and an increase of 63.3% sequentially, from
> > > > > > > > > > > $13.8 million in the first quarter of 2009. This increase was
> > > > > > > > > > > primarily the result of pre-sales of the JunJing II Phase I project,
> > > > > > > > > > > and represented both an increase in total square meters sold, as well
> > > > > > > > > > > as higher selling price per square meter.

> > > > > > > > > > > Total gross floor area ("GFA") sold were 31,141 sq. meters, as
> > > > > > > > > > > compared to 19,920 sq. meters in the second quarter of the prior year
> > > > > > > > > > > and 20,922 sq. meters in the first quarter of this year. Selling price
> > > > > > > > > > > per square meter of our current JunJing II Project increased to RMB
> > > > > > > > > > > 4,432 from RMB 4,269 in the first quarter, reflecting increasing
> > > > > > > > > > > strength in the marketplace.

> > > > > > > > > > > Gross profit for the second quarter of 2009 was US$7.2 million, up
> > > > > > > > > > > 261.9% from $2.0 million in the same period of 2008, and up 66%
> > > > > > > > > > > sequentially from $4.3 million in the first quarter of this year. The
> > > > > > > > > > > gross profit margin for the second quarter was 31.9% compared with
> > > > > > > > > > > 15.0% in the same period last year, and up slightly from the first
> > > > > > > > > > > quarter gross margin of 31.4%. The year-over-year increase in gross
> > > > > > > > > > > margin is primarily due to the use of favorable pricing in the second
> > > > > > > > > > > quarter of 2008 for the initial marketing of the JunJing II project in
> > > > > > > > > > > order to attract market interest and encourage future sales.- Hide quoted text -

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