% | $
Quotes you view appear here for quick access.

China Metro-Rural Holdings Limited Message Board

  • asteve2 asteve2 Dec 19, 2011 7:31 PM Flag

    Not a buy at any price

    Check back on some of my previos posts. Have I ever been wrong?
    This company I believe will soon be delisted. Ive seen this type of price action before with Lehman and Bear Stern before they disappeared from trading.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Today Jan 23 volume at 1,100 shares and share price only $1.00. Incredible isn't it?
      I gather most of you know what this means.
      But for those of you that are not sure let me explain; this company has lost all credibility in the marketplace. Listen to what the market is telling you.Sometimes the message is not very clear. But in this case there is no mistake.
      My personal opinion; Cnr should be immediately delisted.

      • 1 Reply to asteve2
      • For many reasons. Here are the best ones;

        On May 11, 2011 (the “May Closing”), the Company completed an underwritten public offering of 1,517,978 units at a
        price of US$2.88 per unit.
        On August 4, 2011 (the “First August Closing”), the Company completed a private placement of 200,000 ordinary shares
        at a price of US$2.50 per ordinary share.
        On August 16, 2011 (the “Second August Closing”), the Company completed a private placement of 5,900,000 units at a price of US$2.50 per unit.

        So in 2011 we have a total of 7.2 Million New shares added to the float where on any given day the volume can be a hundred shares or a thousand or a couple a thousand or none at all. In other words millions and millions of new shares floating out there and at best a buyer willing to buy a couple of thousand at worse no buyers at all and even worse sellers looking to sell 7.2 million shares to a few stingy buyers.

    • Don't be tempted to buy at these lower prices. There is only one reason prices are this low and that is because the market sees no value. Short; price objective 50 cents.

1.160.00(0.00%)12:05 PMEDT