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CNinsure Inc. Message Board

  • flying822x flying822x Apr 30, 2012 1:00 AM Flag

    Financials just in. CISG loses over $47M and expects to lose more money for next 2 to 3 y

    Here's a good way to get rich for insiders of CISG at the expense of shareholders.
    1. Sell shares to public at $18, $20 and $25.
    2. Sell lots of non-reported options with guarantee buyback to agents to entice them to sell more insurance.
    3. Make an offer to take company private at $19. to try to support stock price which was subsequently withdrawn.
    4. Announce a change of strategy, requiring massive capital expenditure
    5. Announce a Loss and write off of Assets for 2011.
    6. Warn that there could be 2 or 3 more years of losses due to change of stragegy and no way to predict outcome of class action suit against management.

    So what do you think of the future?

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