...is that Xin is only bought and held for the dividend. If the divi is at 5% investors are willing to buy, if it falls below 4% they will sell. That is because 4% dividend is the minimum one would want in return for holding a company with Tom Gurnee as CFO. Gurnee has a tarnished history, and whether he is doing a good job now does not matter - he is not trusted by Wall Street.
That would only be part of the problem Marcino. What I think is going on is the cases against the
Big 4 is moving forward. Those in the know, and that wouldn't be me, think if the meeting to be held
in Washington early July, doesn't have some very concrete co-operation from China, de-listing of
stocks will begin. So you might want to follow that thread, it's not far off. And, the Longtop case is
not going well for those auditors.