Thanks so much. Good to hear from level headed folks. Always wondered why 444 was getting so much heat from everybody and I now know why. He is definitely shorting this stock or has already lost his $ and is trying to destroy everone elses chance for success in this company. Thank you to you all who have been so generous with your information.
All I know is he was on the board at LFT, and then resigned with others after the fraud issues surfaced. A positive? No, whenever there is fraud and the board doesn't uncover it, I think they deserve some blame. But so far that's all the negative stuff I've seen about him.
Could XIN have similar issues? Anything is possible, especially in China. But I haven't seen any indication that this is the case. If XIN is faking its cash why is it paying dividends and buying back shares? Doesn't add up. LFT didn't do these things, so that's certainly in XIN's favor.
Also, XIN's business is pretty straightforward. They build buildings and sell units, anyone can go look at the buildings and the sale price and how many units sold, etc. It's not like they are reporting income from unverified software contracts as far as I can tell.
Ignore infn, everything he posts is incorrect. If you did the exact opposite of every sentiment he expressed on XIN over the last year, you would have sold before every decline and bought before every increase. Just look at his posting history for yourself, it is truly remarkable.