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China CGame, Inc. Message Board

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  • jj_js_007 jj_js_007 Feb 24, 2010 10:19 AM Flag

    Finally some news

    This company is betting with shareholders money:

    There were a well-recognised architectural and design firm with a good reputation with the Chinese government. They were ambitious and expand internationally which, to me, resulted in mixed results e.g. pulled out of SIngapore project and Dubai was a mixed bag.

    Then came the Nine Dragon project - a disaster of all time. I becomes fishy when they transformed from architectureal and design firm into a real-estate developer needing a ton of capital. The shareholders were dragged through the mud.

    Then they changed course. From real estate developer to online gaming with a flimsy synergies of leveraging the conng game technology into architectural and design. Well, i'm not an expert of architecture and design business but let me know if you find anyone who wins project based on technology rendition and not design and costs.

    Also, this acquisition is questionable. This is the first time in an acquisition where a company did not announce and revenue or earnings based on combined their stakes in Conn Game. Really, do you know how much you are getting for paying 25M? Is Conn game profitable? Is the stake accretive?

    I have so much hope for this company based on the real estate boom in China. Now, the bubble is about to pop and yet the PPS is at all time low.

    This is now like investing in a dot-com.

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