China Gengsheng Minerals Stock (OTC: CHGS)

China Gengsheng Minerals (OTC:CHGS) Stock, Quote.Headers.trade-ideas

China Gengsheng Minerals Inc is a holding company. It operates in the materials technology industry through its subsidiaries in China. It develops, manufactures and sells a broad range of mineral-based products. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives and corundum materials. It sells its products to iron, steel, oil, glass, cement, aluminum, chemical and solar industries. The company has Refractories, Industrial ceramic, Fracture proppant, Fire precision abrasives segments. It derives the majority of its revenues from Refractories segment.

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CHINA GENGSHENG MNRLS INC by China GengSheng Minerals, Inc.

China Gengsheng Minerals Inc

It is hard for a <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/06/3677534/can-companies-recover-from-a-nasdaq-or-nyse-delisting">stock to recover</a> from a NASDAQ or NYSE delisting; although the process is seamless, getting to the point of being delisted is typically bad news.

	The company typically has lost so much value that it doesn&rsquo;t meet the exchange&#39;s minimum price requirements or has not filed required documents (e.g., quarterly reports). Here are some recent delist-ees in 2014.

	Crumbs Bake Shop

	Crumbs (OTC: <a class="ticker" href="/stock/crmb#OTC">CRMB</a>) is perhaps the most notable delisted stock this year. The cupcake producer announced bankruptcy in early July after rampant expansion led to unpayable debt. Marcus Lemonis, of CNBC&rsquo;s television program The Profit, expressed his interest in purchasing Crumb&rsquo;s assets following bankruptcy proceedings.

	NewLead Holdings

	The Greek company NewLead (OTC: <a class="ticker" href="/stock/newl#OTC">NEWL</a>) was booted from the NASDAQ in June for &ldquo;false and misleading statements,&rdquo; along with inability to keep its share price above $1. Investor confidence is so dire that two 50-for-1 splits could not keep the stock above $1. NewLead and fancier IronRidge Global are in litigation; according to NewLead, IronRidge owes $125 million.

	Related: <a href="http://www.benzinga.com/general/education/14/07/4734747/4-things-every-beginning-trader-should-know" title="4 Things Every Beginning Trader Should Know">4 Things Every Beginning Trader Should Know</a>

	L&amp;L Energy

	Although L&amp;L Energy (OTC: <a class="ticker" href="/stock/llen#OTC">LLEN</a>) chose to voluntarily delist, shares had already lost almost all of their value, and many were expecting the Nasdaq delisting. The GeoInvesting web site uncovered that the company was fraudulent, lying to investors about ownership of assets and on financial statements. L&amp;L Energy is yet another example of the need to be cautious about investing in Chinese reverse merger firms.

	Related: <a href="http://www.benzinga.com/trading-ideas/long-ideas/14/01/3014935/9-one-time-penny-stocks-didnt-stay-that-way">9 One-Time Penny Stocks That Didn&#39;t Stay That Way</a>

	Lihua International

	Lihua (OTC: <a class="ticker" href="/stock/liwa#OTC">LIWA</a>) is another fraudulent Chinese company. In this case, the CEO was diverting company assets to himself. As expected, the following sell-off was steep: Shares sold off more than 90 percent. Before being kicked off the NASDAQ, Lihua shares were halted as the exchange demanded more information.

	Kids Brands

	Kids Brands (OTC: KIDBQ) announced it would move to over-the-counter trading at the end of March, as the company could not maintain the $15 million market cap required by the New York Stock Exchange. In June Kids Brands announced it would pursue sale of assets in chapter 11 bankruptcy. The company has found a buyer for most of its brands.

	Siemens

	Siemens&#39; (OTC: <a class="ticker" href="/stock/siegy#OTC">SIEGY</a>) American depository shares were delisted from the New York Stock Exchange in May. According to the company, the main reason for the delisting is that very little of global equity trade was taking place in the United States (less than five percent). Shares are now traded OTC.

	Other stocks that have been delisted in 2014 include:
<ul>
<li>
		Telik (OTC: <a class="ticker" href="/stock/telk#OTC">TELK</a>)</li>
<li>
		Tandy Brands (OTC: TBACQ) - bankrupt</li>
<li>
		Hauppauge Digital (OTC: <a class="ticker" href="/stock/haup#OTC">HAUP</a>)</li>
<li>
		Avid Technology (OTC: <a class="ticker" href="/stock/avid#OTC">AVID</a>)</li>
<li>
		ZCO Liquidating (OTC: <a class="ticker" href="/stock/ocztq#OTC">OCZTQ</a>) - bankrupt</li>
<li>
		Rainmaker Systems (OTC: <a class="ticker" href="/stock/rmkr#OTC">RMKR</a>)</li>
<li>
		Prospect Global Resources (OTC: <a class="ticker" href="/stock/pgrx#OTC">PGRX</a>)</li>
<li>
		James River Coal (OTC: JRCCQ) - bankrupt</li>
<li>
		Coldwater Creek (OTC: CWTRQ) - bankrupt</li>
<li>
		Tri-Tech Holdings (OTC: TRITF)</li>
<li>
		China Precision Steel (OTC: <a class="ticker" href="/stock/cpsl#OTC">CPSL</a>)</li>
<li>
		Mediabistro (OTC: <a class="ticker" href="/stock/mbis#OTC">MBIS</a>)</li>
<li>
		Body Central (OTC: <a class="ticker" href="/stock/body#OTC">BODY</a>)</li>
<li>
		Ambient Corporation (OTC: <a class="ticker" href="/stock/abtg#OTC">ABTG</a>)</li>
<li>
		Cardium Therapeutics (OTC: CRXM)</li>
<li>
		Quaterra Resources (OTC: QTRRF)</li>
<li>
		Dolan (OTC: DOLNQ) - bankrupt</li>
<li>
		GSE Holdings (OTC: GSEHQ) - bankrupt</li>
<li>
		Chimera Energy (OTC: <a class="ticker" href="/stock/chmr#OTC">CHMR</a>)</li>
<li>
		LDK Solar (OTC: <a class="ticker" href="/stock/ldksy#OTC">LDKSY</a>)</li>
<li>
		Loncor Resources (OTC: LONCF)</li>
<li>
		Genco Shipping (OTC: GNKOQ) - bankrupt</li>
<li>
		China Gengsheng (OTC: <a class="ticker" href="/stock/chgs#OTC">CHGS</a>)</li>
<li>
		Ambow Education (OTC: AMBOY)</li>
</ul>

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30 Stocks Delisted So Far In 2014 

China Gengsheng Minerals Shares Halted News Pending

China Gengsheng Materials Halted on Opening Delay; News Pending

China GengSheng To Delist From NYSE; Join OTC

China GengSheng Minerals (NYSE MKT: <a class="ticker" href="/stock/chgs#NYSE MKT">CHGS</a>) today announced that its audited consolidated financial statements for the fiscal year ended December 31, 2013, included in the Company's Annual Report on Form 10-K, which was filed on April 15, 2014 with the Securities and Exchange Commission, contains an audit opinion from its independent public accounting firm which includes explanatory language related to going concern resulting from the Company's working capital deficiency at December 31, 2013 and a net loss for the year ended December 31, 2013. 
This announcement is made pursuant to NYSE MKT Company Guide Section 610(b), which requires separate disclosure of receipt of an audit opinion containing going concern explanatory language.
 <a href="http://www.benzinga.com/pressreleases/14/04/n4481046/china-gengsheng-receives-audit-opinion-with-going-concern-explanation">See full press release</a>

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China GengSheng Receives Audit Opinion from Independent Public Accounting Firm

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China Gengsheng Minerals (OTC:CHGS) Stock, Quote.Headers.trade-ideas