My wife got a XIN apartment as an investment outside Chengdu, ok quality, the same as other chinese apartments...
But when we are there we are always getting beaten up by the XIN Mafia, they are always there with their baseball bats and harasses us.... LOL (The last part was a joke, the first part is true)
Sentiment: Strong Buy
Probably not. Did you hear there was a train derailment in NY (coverage was from the Bronx) Poor people.
No, sorry to disappoint you again Stinky. I only need one name on this board. I would like to know what pictures, where he uploaded these and how can I view them. I've talked about all those companies but Chop. That one I don't know. Even
told Walrat a year ago, do not buy cccl and if you have get rid of it.
Lost my train of thought here. While looking at a 20..... Did you know at the end
of March, 2013 we had 33 subsidiaries? Are you sure they are declaring all the income from 33 subsidiaries? I know, that's why Xin has 11 INTERNAL auditors, lol. I got to tell ya Stinky, if I wasn't on this board, it would be a much quieter place, wouldn't it. But I keep you on your toes ;) And no I wasn't that other guy, but I'd like to know what photos he's talking about and how I can see them. If you're talking to him, could you ask for me? Your a Pal.
Now, now Stinky, don't try to re-write history, it's already in print form and most read.
Went to go and check the previous 20, to see if we paid Omer under his company Karmen Equities, in 2011. I say his private venture, as I have found nothing for them (except a visa rejection), and certainly no group. Even the phone number was in Omer's name. Maybe Gurnee through Xin paid him enough to 'develop' a 'group'. Nothing like greasing the wheels.
About that jet. They bought it at the same time (I know you're going to say lease, but it's a buy),they bought the NY property. Now most of the Nevada property was already flipped,
they have not done anything with Irvine. We also have a NY office (well at least a long table, another post for that), and nothing happening in NY. Did they really need a Gulfstream 450 for transactions that haven't been happening from the time they bought the jet? You ought to have read all the comments on a Chinese website about that lease/purchase. PS what are Bubble Girls? Is that #$%$ in our culture?
How many 421 Kent condos has XIN sold to either "Chinese" from China or "Americans" from America? Do Americans buy condos before they are built? Do Chinese buy condos before they are built? Would a reasonable person think that marketing to Americans and Chinese might be different?
Serious question.....are you #$%$?
LOL! The NY project will be marketed to both "Americans" and "Chinese" from China. Whoever comes up with the cash first and a signature, wins a Williamsburg condo at 421 Kent.
Omar did not say they would sell to 40% Chinese....he used the hypothetical "If" and Gurnee rightly stated that XIN would not market mostly to Chinese. "If" 40% Chinese buy is not "mostly".
Serious question....are you #$%$?
Oh, and BTW in case you haven't noticed, there has been no marketing to America since they purchased the
land 15 months ago but they started immediately from what this caller said as soon as they bought.....in China
on Chinese websites.
like Catch the Lie, which one is it Tom or Omer (or as Stinky would say, but you are always yelling fraud)
The following is from a WSJ article quoting Omer in November 2012
"Chinese developers of apartment buildings have an edge over U.S. developers when it comes to reaching potential buyers in China, says Omer Ozden, an adviser to Xinyuan and other Chinese investors in the market for U.S. real estate. “If right out of the gate you can get 40% the building sold to mainland Chinese, it’s going to be a successful project.”
Notice Omer doesn't say Chinese Americans, but 'Mainland Chinese". When we could post links, numerous
Chinese or Chinese speaking would put links to how Xinyuan was trying to sell the US to the Chinese, right
down to how to open a US bank account. I saw and read it myself.
Three months later on the earnings call this is the conversation of a caller with Gurnee. He even tells the caller he's wrong for noticing what many on this board noticed by their links.
This is from the transcript of that February call.
"Frank Schuh - Renault Adventures - Analyst
Yes because the marketing that I have seen so far again coming back to the marketing as far as I can tell has been focused on mostly Chinese
citizens who want to have second home abroad in US?
Thomas Gurnee - Xinyuan Real Estate Co., Ltd - CFO
How wrong you are.
Frank Schuh - Renault Adventures - Analyst
How wrong I am, okay.
Thomas Gurnee - Xinyuan Real Estate Co., Ltd - CFO
How wrong you are. Because really they are marketed to America. And as I said earlier, we hope to benefit from incremental revenue from Chinese"
Then they tell us about the JET. It's not like Xinyuan has properties in all 27 Chinese provinces, lol. They are only in a few and all in one area.
Makes we wonder. Is this how they tried to sell it to the NY Building Commission?
Pictures of homeowners beaten up by the XIN mafia! Incredible pictures!
LOL! LOL! LOL!
LOL! LOL! LOL!
Silly_Shelly.....is this you?
Keep the moral high ground! Keep the ethics pristine!
sure ... you also saw this ID ..on .. CHOP .. .(Alerting you .. about the never disclosed Tourism resort)
... LPH .. alerting you .. about a massive fraud ... 3 months prior someone ... discovered it
... LLEN ... alerting you about a massive fraud ... 1 year prior ... the nasdaq halted the Company!
... FU ... alerting everyone .. about the existence of a never disclosed Bond ... (this news caused the NADSAQ to hal trading in the Company)
and CCCL .. another company ... with major problems! (mainly .. disclosure problems)
You got me!
anyway ... I am not sure .. I would go Long XIN ... after ... having seen pictures of ... homeowners beaten up ... only because they were complaining about the poor quality of the Buildings! ... lool at all the pictures I uploaded! ..
What happened is disgusting!
waaw .. that much for ethics!
everything happened last September. I tweeted some pictures of the scene!...
house-owners were not satisfied with the quality of the houses. Certifications had also not been released!
XIN ... has huge problems in China ... apparently! ... verify it yourself!
XIN is changing its scale without using their own money. Few risks by these kind of management.
My dearest friend Yong Zhang prefers smaller profit per sqm by more amount of buildings.
That's all IMHO.
Changing some prediction about my beloved country.
Our sick woman changed the economy minister and now having one marxist idiot praying for dollars everywhere.
She also removed another idiot woman who was emptying our central bank and the current guy accelerated our official devaluation from 25% to 60% in the last 3 weeks.
NO one knows if they have some secret deal to get some credit from somewhere but seeking - and they had a reasonable success - to close the gap between our official relation ship and the black market ( here we use another color: we call it "blue"market ) around 58 %.
Our central bank is selling very short-term bonds (2015 and 2017) with rates closer 10 % to provide the companies who need to take their dollars overseas.
Their bet is a very risky one if there is no trump card . Aim to get an inflation around 20% in 2014 by an official devaluation around 60 % to eliminate the exchange gap .
Brazil helps even more to our current depreciation because their currency is also weak and their internal rates have risen to 10% to prevent further inflation closer ...or below 3 % ...(JA! = lol)
If we keep the current official devaluation with a great internal deficit without receive assistance from any international institution ... 'll have two very difficult years ahead.
Insist to check Venezuela where inflation exceeds 50% and spread between the official and black market exceeds 300 %.(yep..you read well, some weeks above 350%..)
Social problems coming there before their next election because they may NOT hold 5 year in this way.
PDVSA (Venezuelan) bonds are trading @ 50% of its value obtaining rates above 12 % annually. When the blood arrives ....'ll be able to get even cheaper so recommending to follow some downgrade or newspapers scaring some default there. Venezuelan bonds may revisit below 40% like happened during their two months strike when Mr Chavez took PDVSA.
South Cosmic Dust (celebrating thankssurvivingmonths)