CAON was unchanged on Wednesday according to data from PinkSheets.com. Only 1,000 shares were traded. PinkSheets.com doesn't have a warning label for CAON. It has annual stock price low of $0.15 and a high of $1.01. Average trading volume is miniscule, under 15,000 shares a day since summer.
Chang-On seems to be based in Utah, but there is not a company description on Yahoo Finance or PinkSheets.
A CAON press release did come out Wednesday (Chang-On International Inc. Benefits From New Administrative Policy of China) as the spammer refers to in the CAON spam message below. There is also a company description in the press release. See the end of this post in block format.
Details of Chan-On International Inc. (CAON) (CAON.OB) stock spam -->
"A penny stock can be a Dollar stock"
News Is Out!
Chan-On International Inc.
Tuesday Close: $0.25
Read the news. This company is pulling no punches. They has engaged one of the countries top R&D facilities to expand their technology. Get on CAON today!
Please get it, try it, and send us your feedback via the beta newsgroups.
We see this as a BIG play..GO CAON
About Chan-on International (CAON) (CAON.OB) -->
Chang-On International Inc. (OTC Bulletin Board: CAON - News) is a leading provider of synthetic material using waste recycled waste materials in China. Strategically located in Harbin City, China, Chang-On International Inc. has an operating subsidiary, Harbin Hongbo Environment Protection Material Ltd (''Harbin Hongbo''), with a registered capital of RMB 3 million (or USD 375,000) and total assets of nearly RMB 10 million (or USD 1.25 million). Founded in 2004, Harbin Hongbo is a joint venture between enterprises from Taiwan, Hong Kong and a domestic company.
Harbin Hongbo focuses its core business in comprehensive resources utilization of industrial solid wastes in resources and environment field. The main product is SF synthetic material, a new type of material for environment protection and energy saving, which is abbreviated for synthetic material of plastics and coal ash. And base on the material, the company develops different products, such as board and profiled bar used in well lid, grates for water drainage pools, guarding railings, protective board for slope, hard shoulder, inner wall cable pipe/tube, home renovation and etc.
The Company has maintained a partnership with Changchun Applied Chemistry Institute of China Academy of Sciences, which mainly specializes in research in resources and environment, advanced materials, development of carbon dioxide, corn and rare earth resources, focused development of advanced structure materials, advanced composite materials, and advanced functional materials. Mr. Mo Zhishen, professor of the Institute, acts as the company's R&D leader.
Harbin Hongbo will focus on the development and use of SF synthetic material, especially the construction of molding boards, and in future developments expand its scale of production, purchase new equipment, increase output.