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Xinyuan Real Estate Co., Ltd. Message Board

montanastate83 2 posts  |  Last Activity: Jun 23, 2016 10:02 PM Member since: Apr 25, 2011
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    Dumb and dumber

    by gigityoptix1 Jun 23, 2016 5:16 PM
    montanastate83 montanastate83 Jun 23, 2016 10:02 PM Flag

    Well said! Though perhaps not dumb and dumber. Avi and others get rich unloading shares as part of the secondaries. Doesn't do us common holders any good, but hey, it's all about the insiders milking the company for all its worth. Great scam for them!

  • montanastate83 montanastate83 Jun 23, 2016 9:50 PM Flag

    Jim responded to my call as well, which I appreciated. On reflection though, GIG and Avi really tick me off. Two secondaries in less than a year (both at deep discounts) is too much. Jim talked how it hurts Avi and others as well due to their personal holdings. Has Avi ever paid money for a single of the whopping 65k shares he owns? First of all, 65k is a joke and secondly I'm not sure he's ever invested a nickel. But, as part of both the past two secondaries, he and others dumped an additional nearly 2M of their own free shares at the same deep discount.

    Can you say self-serving?, Cash cow (for them)? This thing will be a buck a share and headed for a reverse split in the next year so Avi can rinse and repeat. No worries though, Avi will be rich.

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