China Green Agriculture Inc (CGA) Options

CGA to ENFY, 11/26/2024

CGA: America & the World needs Chinese FERTILIZER, & plenty of it!!! (Plus, sprinkled with a little BITCOIN, to boot!!!)

CGA: Watch out!! (New 'Chart', below!!)

On December 27, 2023, China Green Agriculture, Inc. (the “Company”) entered into a Stock Purchase Agreement with Zhibiao Pan (the “Stock Purchase Agreement”) for the purchase by the Company from Zhibiao Pan of all of the outstanding stock of Lonestar Dream, Inc., a Delaware corporation (“Lonestar”). Zhibiao Pan is Co-Chief Executive Officer of the Company, and is the sole shareholder of Lonestar.



Lonestar Dream, Inc. was formed to mine bitcoin for its own profit and to provide equipment hosting services for bitcoin mining clients. Mining bitcoin entails creating new bitcoins by using mining equipment and systems to solve complicated math problems that verify transactions in the currency in order to receive bitcoin. Equipment hosting services entails allowing clients to install their mining machines at the Company’s two mining sites, a Tarbush mining site in Pecos County, Texas (4143 N US Hwy 285 Pecos, TX 79772), and a Pyote mining site in Ward County, Texas (3072 FM 1927 Pyote, TX 79777), with a total capacity of 100MW, as well as providing electricity and equipment maintenance needed for bitcoin mining. Certain mining capacity is allocated to external clients, the rest is used by the Company to mine bitcoin for its own profit. The Company charges external clients “hosting fees”. In addition, the Company has been constructing and operating its two cryptocurrency mines under the umbrella of Lonestar Taproot, LLC.



The Stock Purchase Agreement calls for total consideration of $49,000,000, of which $2,450,000 is due at the closing, and $44,100,000 is due 90 business days thereafter, subject to satisfaction of certain conditions. The balance of $2,450,000 is due within 20 days after Lonestar’s auditor issues an audited annual consolidated financial statement of Lonestar and its subsidiary, Lonestar Taproot, LLC, a Delaware limited liability company, for fiscal year 2023, prepared in accordance with GAAP and in form and substance reasonably satisfactory to the Company.



The Stock Purchase Agreement contains customary representations and warranties and covenants by each party. Both parties are obligated, subject to certain limitations, to indemnify the other under the Stock Purchase Agreement for certain customary and other specified matters, including breaches of representations and warranties, breaches of covenants and for certain liabilities and third-party claims.

CGA $6 lol

$CGA is a buy down here imo...I was able to get back in at 9.61 avg. Looking forward to $12.00 short term or higher.

RE: "Good Call"

It was when you posted this. I had bailed a week too soon. But now it's back down to when I got out.

Debating weather to get back in. CFRA issued a "Strong Sell" when they were at $14. Maybe that's what drove it down???

My methodology would have me buy back at below $8.

Maybe a good idea to wait a day or two...

Other Notes:

Price/Book Ratio is insane low. Which is good.

Their financials look odd though. I can't see how they funded last year's loss. Buried in "Other" items on Cash Flows. The only thing I can see it flushing through on the Balance Sheet is this strange "Other Equity" line. Don't know what that is. It gives me pause. Are they diluting shareholder value somehow?

Good call

This company looks very undervalued, if it had audited financials. If Warren Buffett only had 100k he would be investing into this stock.

This company doesn’t have audited financials?

Yeah. I'm surprised not more are talking about this one. I think the $6m stock purchase at $1 per share tells us something. But you are right they will have to get above $1 soon. Not sure on exact deadline. I just can't understand why someone would pay $1 per share when they could have bought on the market for about of that and just taken time to acquire.

Surely there has to be a reason behind this. I have a position since this morning and am going to keep it on watch. Just not sure what the expect here but I think there's some upward potential. The market will decide.... Thanks!

(Edit) Problem is: When do they need to RS for listing compliance?

I am not so fluent on NYSE regulatory, they probably allow some extended leeway? $1 was due in April AFAIK.

EDIT: Other than that, the SPA was above SP and $1 (cheap valuation) - but shall help further maybe?
In the end, maybe all crooks, deliberately pushing SP down for same deal (o8>

Anyone playing this one?

Update is coming

We founded a shareholder group and are currently 35 Persons that are owning 3 Million shares together. One of our larger investors went to the annual meeting a few months ago. He was very impressed. Do you know about the convertible notes and the takeover of several VIE's?


"The convertible notes take priority over the preferred stock and common stock of Jinong, and any other class or series of capital stocks Jinong issues in the future in terms of interests and payments in the event of any liquidation, dissolution or winding up of Jinong. On or after the third anniversary of the issuance date of the note, noteholders may request Jinong to process the note conversion to convert the note into shares of the Company’s common stock. The notes cannot be converted prior to the mature date. The per share conversion price of the notes is the higher of the following: (i) $5.00 per share or (ii) 75% of the closing price of the Company’s common stock on the date the noteholder delivers the conversion notice. Due to the discontinuation of VIE agreements with Zhenbai’s shareholders, certain convertible notes issued on June 30, 2016 with a face amount of RMB 12,000,000 ($1,747,200) were tendered back to the Company. All outstanding balance of unpaid principal and accrued interest in the tendered convertible notes were forfeited."

Bought some under 50 cent and sold most around 70 a few days later.

@Willbone, how many shares do you own?

Are all CGA shareholders connected to the CGA shareholder group?
The Group consists of 45 Memebers and is owning 10% of CGA's stock.

CGAshareholders@yahoo.com

Make 500% here cga China and usa will make deal

When I posted the price was 60 cents and it did drop another dime and nearly two. Got some under 50.

Great! I would love to pay $3.8 Million for $400 Million in equity! Bring on the dime haha

Delisting soon and China wants to devalue its money. Going a dime or two lower.

I love it! Haha I’m loading up big time down here, yearly net earnings are higher than the pps!!

Green fertilizer has hit the fan.

Thanks. They are in organic fertilizers too. Good to know.

According to the following information it seems that they are mostly all kinds of fertilizers.

"We are engaged in the research, development, production and sale of various types of fertilizers and agricultural products in the PRC though our wholly-owned Chinese subsidiaries, Jinong (fertilizer production), Gufeng (fertilizer production) and our VIE, Yuxing (agricultural products production). Our primary business is of fertilizer products, specifically humic acid-based compound fertilizer produced through Jinong; and compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, highly-concentrated water-soluble fertilizers and mixed organic-inorganic compound fertilizer produced through Gufeng. In addition, through Yuxing, we develop and produce agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings."

Is CGA all chemicals? Or do they sell any organic fertilizers? Tia

CGA is supposedly getting involved with this company.

https://globenewswire.com/news-release/2018/01/24/1304151/0/en/GroGenesis-Announces-Approval-of-AgraBurstPRO-by-Washington-State-Department-of-Agriculture-Organic-Food-Program.html

Apparently, their product has been tested in the fields of Bangladesh getting increases in production from 15% up to 40%. Rice was the highest yield seen. Good move for CGA

Nice spike, but it would be better to continue to move slowly upward, little by little. Why knows, maybe it will go over $4 like it did back in 2013. Hope everyone has a great weekend.

Very cheap

Someone? Still ver cheap !!!

Lift off ? Very low anyway

Good drive and unusual high volume the last two days.
Something cooking?

Healthy agriculture is, imo, the next trend even in the Third World. Chemical fertilizers and pesticides have been taking a real toll in China and other countries. Before, as long as the production was up, no one cared (kind of like the air pollution problem in Beijing).

But now that it is obvious that chemical, herbicides and pesticides is a form of suicide, organic and healthy alternative farming methods will be adopted more and more.

CGA will do fine. But they really should offer non-chemical solutions to the farming problems in the developing countries.

Small companies in this space are really going to kick. And bigger companies with no sustainable solution will buy them up.

?

SSdaedaa

Still 639 000 shares in short position. Hopefully we get a short squeeze soon with some good news.

http://shortsqueeze.com/?symbol=cga&submit=Short+Quote%E2%84%A2

That is ambitious, but would be great if they reached that goal.

Quite ambitious growth plan! :)

Revenue 2017: 277m usd
Revenue 2020: 3000m usd




China Green Agriculture, Inc. 2017 Q2 - Results - Earnings Call Slides $CGA
http://www.seekingalpha.com/article/4046101

P16

Major volume move today,trading less then cash in bank........

$CGA Not looking bullish this week,but love the company fundamentals.

Time to reenter... hmmm maybe

$CGA 1.42 x 1.43

added again @ $1.39......

CGA:Daily Chart

Added again.....

$CGA Opened a start position of 10k shares today........

Fertilizer becomes more important for agricultural

land every time you see any agricultural

land get flooded...

http://secfilings.nasdaq.com/edgar_conv_html%2f2015%2f09%2f17%2f0001144204-15-055375.html#FIS_BUSINESS

Wouldn't you like to buy all of CGA

at current low prices and sell it

for its much higher real value?...

Focus can be harder in the auction,

equity market fluctuations...LJ

"The effective conversion price of the convertible notes will be no less than $5.00 per share*."

New news of CGA'S aquisitions. Tao Li is keeping his promise of growing the company in this hard time for the agriculture industry.

http://www.prnewswire.com/news-releases/china-green-agriculture-announces-strategic-acquisitions-300295854.html