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China GrenTech Corp. Ltd. Message Board

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  • chickenhatsdotcom chickenhatsdotcom Nov 11, 2010 8:14 AM Flag

    The balance sheet is awful ......

    Dude, I'm the first one that admitted last night that it appeared momentum would be strong this morning. Keep buying and please drive up the price. I'm more than prepared to short the snot out of the stock, as this company's cash position is nil and they are desperate for cash. Translation ? That's right ...... you'd better believe that a capital raise is coming. Translation ? Dilution.

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    • If you haven't noticed, GRRF has been buying back its shares (albeit a modest amount).
      I don't believe, as you do, that management is going to do a complete turnaround and start selling shares way below book value just because you think they should.

      GRRF's receivables are coming from giant Chinese Government majority-owned companies and from giant multi-national household name companies.
      GRRF has all the credit it can handle from their banks who it contracts, at a modest sum, to collect the receivables. There has never been any problem with this arrangment.

      I suggest that you show a little bit of respect towards management. It is entirely possible that they know more about running GRRF than you do.
      I also suggest you consider doing a turnaround yourself. At this point, you're putting yourself at great risk being short.

      You'll find it much more profitable and much less nerve-racking being long. Don't be so stubborn.
      No one will hold it against you for looking at GRRF from another angle and changing your mind about the better way to make money.

    • I'll have cashed out and be long gone by then....Cha-Ching!!..Too bad you have to be hypervigilent today and stare at the screen all day....LMAO....Going to play golf....I have my sell order in at $4.36


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