I would sell the mobile business for $30-50 M and the rest of the real estates for $300-350 M...and keep the 3 floors for myself :-)
And real estate is valuable, building everywhere, even in just a so-so district of Shenzhen where my wife's family's apartment is. It is an extremely old building, but across the street a new highrise went up and developers are going to buy their old highrise and knock it down like the one across the street and build luxury condo units. Point is CNTF has valuable real estate properties and for now property is worth $$$s in China. Plus they happen to sell ruggedized mobile phones. If this drops under $2 is just fake broberts and short traders trading piddly volume to bring it down or fake market making manipulators trading between each other's account to influence prices :^)
Agreed, the trick will be for SEC and US Government to work with Ministry and Finance and Commerce and Chinese government to pressure them to be more transparent with their US listed stocks, look at BABA, they are under a minor SEC investigation, that needs to turn out well for US investors to put pressure on US listed stocks management like CNTF that there are repercussions such as liquidating, seizing of assets if abuse, defraud us investors, we will see.
Yep, whatever value is really in this company, the CEO is going to get.
So sorry Americans, you lose in this game of Chinese checkers again! Never learn do you!
But keep the faith! LOL!
Less than $25 MM market Cap Now - Don't you think there is more value than that in the real-estate. - and then you get what is left of the company and cash for free.
Yep those shorts have no idea what they have been doing shorting this stock over the years!!!
I called this one, once twice three an 4 times.....
All you have to do is post what is the worst thing this company can do, and it will come true.
Its almost like they want to be out of the market completely,,
(THINGS THAT MAKE YOU GO HMMMMMMMMM!!!!)