Worth reading:

International Assets Reports $6 Million Earnings for Second Quarter and Six Month EPS of $2.26 – Int’l Assets (Nasdaq:IAAC) is a play on commodities and emerging markets. Key quote: “Investors should note that the Company held commodities inventory at the end of the second quarter that was valued on the balance sheet at [...]

UPDATED 10/1/2007: The SEC has issued a 10-day trading suspension for China Expert Technology:

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading of the securities of China Expert Technology, Inc. (“China Expert”), of Shenzen, People’s Republic of China, [...]

Only months ago, I thought that China Expert Technology: CXTIE.OB had bright prospects. The Chinese e-government service provider had announced a series of large contracts and appeared poised for a profitable year. After CFO Simon Fu resigned, shares took a huge tumble. Sensing a bargain, I dipped my toe in the water. [...]

Its official — China Expert Technology has blown its extended deadline to file its quarterly report with the SEC, so the ticker has changed to: CXTIE.OB. On August 17, I wrote that if the company blew the deadline, “we could see $2.50 again.” I still think that is in play, and it could [...]