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China Natural Gas, Inc. Message Board

  • lemew@frontier.com lemew Aug 22, 2013 11:28 AM Flag

    The economic value of this co $260m-$300m

    That is $12 - $14 per share. Mr Ji owns 3 million or so shares. His shares alone are worth $36-$42m. The American shareholder suits based on loss of value from the fraud on the financials go directly to Mr Ji. It is the republican "personal" accountability. He personally committed the fraud, eh? The arbitration in Hong Kong resolves the debt dispute. The company goes private in PRC or goes public in PRC or is bought out by a PRC national. The price tag has to be consistent with economic value. Ask yourself a question: why is it that rbt wants to "give" the company away or that josh keeps hoping for a $4.25 offer when the economic value is clearly in the $12-$14 range. Has the company ever not made an operating profit? Is it an emerging company in a PRC approved field (natural gas)?

 
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