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Dynacq Healthcare Inc. Message Board

  • thiscouldgetuglier thiscouldgetuglier Dec 27, 2005 10:33 AM Flag

    Money exiting

    Chan is sending cash to China where he can grab it more easily via related-party xactions.

    Standard gambit for Chinese companies.

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    • <Chan is sending cash to China where he can grab it more easily via related-party xactions.>

      Nah. Lots of allegations were made by shorts and they were not true. Chan wasn't cooking the books, he wasn't making kickbacks. Three different auditors have confirmed this. The allegations made by the shorts were not true but they did affect the core business of Dynacq. Chan doesn't need to nor does his history indicate he will do anything illegal.

      IMO Chan is taking the company private. You can see it in the contractual adjustment numbers. If Dyii had not increased the contractual adjustment numbers, they would be very profitable, even now. IMO if the CA numbers are not deceased this quarter, you will know he is taking the company.

      Chan is doing absolutely nothing to support the price and IMO taking steps that clearly indicate he wants the share price down. IMO He will then grab the company before the China Hospital opens.

      China will be a gold mine.

      I have heard one shareholder group has already organized to prevent him from taking dyii private. He best make sure he indemnifies the outside directors because they will clearly be at risk.

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