Look like CBEH is holding well compared to others chineese stock like puda,sdth,ccme,etc. Also it is stable compared to other "non delisted" stock like llen,scok,ceu,lph,abat that are slowly going at the same level as CBEH... etc.
Do you think if a major fraud was found an "interim report" will have been already out sending this stock to 0 (like puda). I think there is an interim report already existing and Sherb would not have accepted them back without knowing what going on.
Also Iam trusting the guidance made by the new CFO.
The new team I think is far better than the previous one.
Iam holding and Iam daytrading what I used to average down.
I think by the year end, they would have 130-140 million cash. enough?
not easy to list in HK, need to get approved by HK listing and issuing commette, and VIE structure is not permitted in HK. It makes listing in HK not an option in near future.
It will kept listing in Nasdaq.
Cbeh has had u.s. appeal hearing. If clear simple for ever delisting, results from hearing would be out. (Per discussion with nasdaq). So, logically, there is more to the story...let.s hope as longs that the rest of the investigation can occur quickly. Getting results out may well offer a path back to listing
Also be sure the CEO will take action once the investigation will be completed.
- Share buyback
- CEO leave
- Going private.
The cash they have on hand right now (a lot) is secured and used only to support current business operation. All acquisition, expansion, etc are delayed until the result of the investigation.
Sad thing is they fooled some respectable money managers. Oppenheimer had a buy on the stock with a price target around 10. These guys need to do a liitle diligence before thrown around targets like that.
They will not go private.
definitely. It takes time and effort to go public, and not a lot cost to keep listed compared with the financing they did in the past.
They will stay as long as the results are favorable, which I believe will be the fact.
Hey tmbiogen, 'The cash they have on hand right now (a lot) is secured and used only to support current business operation. All acquisition, expansion, etc are delayed until the result of the investigation.'
How do you know the cash is secured and acquisitions are not permitted until after the investigation? I wasn't aware of this, and don't think I've read it anywhere. Do you have any source?