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SkyPeople Fruit Juice, Inc. Message Board

  • jennywangma jennywangma May 15, 2013 1:29 AM Flag

    Smells fishy - they claim having $130m cash, and loaned $6m from its owner.

    instead buy back stocks, or pay dividend.

    Sentiment: Strong Sell

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    • They need all the cash for their planned investments, maybe they are even have to borrow. So paying a dividend or buying back shares doesn't make sense.

      Sentiment: Buy

    • If I were you, I would throw in the towel and cover.

    • So, you are saying that the loan is a read flag that the cash is not real. Even though an INDEPENDENT auditor who's reputation to continue business.... verified it. Three different auditors have checked SPU's books and signed off on them.

      If the company was creating fake cash numbers...they would certainly know how to not report the borrowing of $8 million (4 million so far)
      Why did they report the loan...even using a filing to do it?
      Keep the loan hidden...

      Why announce the two big projects which require huge amounts of money. Won't that cause their "house of cards" to come crashing down when the money needed for them is not there?
      Don't announce big cash expansions...unless they are real and the money is there to fund them.

      About a year ago they filed a special 8k report that had another verification of their cash holdings.

      Your accusations not only are baseless but contrary to facts and to common sense.

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