I don't know what the deal was with JAG in the beginning as Star and Acor are saying, but he must not of held those. Guru focus and I forget who the other one was, has his average price at the $4.50 range. Maybe you both better go tell them they're wrong.
At this point, the fund does not have the leverage to make it happen.
My understanding - if anyone can add details - would be great -- Original Blue Ridge China fund ($300 million fund that invested in XIN) -- their basis = $1.75 / share - so they are making money, even now, selling. The original fund was part blue ridge and part ? Jason Tang (vs 2nd fund in china started later was Blue Ridge).
If CEO wants to stay listed, Blue Ridge force taking the company private.
CEO has behaved to date as wanting to stay listed for various reasons - and now, with outside of China activity, further access to US capital from NYSE could have value.
The thing is if the stock is trading at a fraction of book value and if the company is buying back shares, easy access to US capital can hardly be a reason to keep it listed on NYSE. The CEO really needs to come out and sell his story in a more transparent way, and in my opinion, the tainted CFO Tom Gurnee has to go.