Sorry to keep complaining on our So called IR firm China direct, however, yesterday was a non event...The only thing this stock needs is information to be released...Pure and simple, Sales, quarterly revenue guidance, production data, commodity contract, anything...Participate in an investor conf and have the dow up 180 pts and not be green!!! Even your own stock is up a nickel..I saw trades go off at 3.239...splitting 1/10th of a penny for 100 shares...Ridiculous!! JD your assessment is good, we are just missing the vital part!!
You are obviously troubled by this, so let me explain how it works. The PR/IR work has been subcontracted out to CDII. CDII therefore works for CNAM. If CNAM wants news to be released, they provide Richard with the info and he sends out news. Therefore, the issue of no news is with CNAM and not with CDII. Richard can't provide updates if they choose to keep him in the dark.
Call up CNAM on the telephone or show up at their annual meeting....always better to get face time if the issue is real important to you.
Worst case is that news will be provided on Aug 16th. Any news before that is a bonus. Besides, they aren't interested in providing news right now as it will diminish their thunder on Aug 16th. Only day traders can't wait until 8/16 and the company could care less about appeasing day traders.
Well, it's good to see someone getting the news..I just wish it was for all of us shareholders...!! Maybe we will see that commodity deal finally from Brazil? Maybe we'll find out about our scrap production and how many Metric tons we are shipping, that is what the market is waiting for! 1.3 million shares so far, someone always knows more..Up volume w/out news is always good...Stock supported by data, even better..Lets go Richard, put out that press release, or two! What are you waiting for?? All longs call your broker and don't allow your shares to be shorted...Less is really more in this regard..Best of luck to all shareholders that have held through this..