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China Commercial Credit, Inc. Message Board

  • glebeglebeglebeglebe Aug 2, 2014 1:07 PM Flag

    They are selling millions of shares for $2.80?

    What? Can someone explain this? Anyone? Anyone?

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    • fishervirginia Aug 3, 2014 12:19 PM Flag

      I have to admit Not having read about the recent offer when I responded as below. The timing is strange and my answer now is that the news got out just before the fall and they still needed the working capital and had to follow thru. They , unlike HERB can not function just on their profits.

      • 1 Reply to fishervirginia
      • glebeglebeglebeglebe Aug 3, 2014 12:56 PM Flag

        Fisher -- Many thanks for your kind concerns, but I am hanging in there and have had an excellent response to the chemo, which I've been on for almost a year now. So I may still be around for a while, we'll see, and I'm serious about going to Xi'an and checking out HERB personally, if conditions permit. I'd even considered offering my legal services to them a few years ago, after a long discussion I had with Jared in San Francisco, since I've been an attorney since 1986, and used to handle some pretty complex corporate transactions and litigation.

        As for CCCR, do you still think it's a great buy? I suppose the offering should create a "floor" of some kind on the SP, but I've often seen the SP go way below the offering prices on other stocks. I'd be tempted to buy at $2.50 under these conditions, but when I look at the rather short chart, they really have been in a consistent downward spiral, which makes me think it has not bottomed yet. What do you think?

    • fishervirginia Aug 3, 2014 10:56 AM Flag

      I'm not quite sure what you are talking about. It looks like the biggest vol. days lately have been up. Still I don't understand why it went down so much to begin with. To me it always was an exception carrying a higher PE than other small China stocks. But mainly I want to say that I'm sorry that you are ill. I wish you good health.

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