Must be tempting for the ceo just to buy the rest of company for book value or cash. U.S. investors should be provided honest market at least near cash.
SEC once told companies not to keep spreads so wide. Why they want to destroy the market in China small caps may be for competitive reasons or just plain disregard for fair market making.
May double down as it seems stable to up from here. Market Makers/Traders have tried to destroy this value and any push back could give us a quick double. jmo
For some of your profits help the above company and unless China moves to mars their market should recover some respect.
U.S. Traders/market makers seem not ot care who or what they destroy. Naked shorting, hit pieces, intra acct. trades. U.S. is breading grounds of massive corruption as this price shows. If you think it a scam provide evidence to counter the numbers and reports.
Who would throw away a dollar to take a quarter that after buying this company decided to give away the company and all assets? Likely taking position from one acct. and putting it in another to drive down price or blatant disregard for viable market. Hope other write the SEC and we begin to have a market not theft.
Just my opinion but without rules of the road the market got scalped in these companies. We destroyed the market and wonder why the insiders in China now say they will not play the same game? We seem to have offered them their own companies or some to wipe away the compitition or just get short hit money. Individual investors not helped from either side now.
Investing in China small cap valute has hurt me big time. Investing in companies that the world needs and help people is a Universal demand. Yet considering a few corrupt companies combined with Hit Pieces, naked shorting, intra acct. trades, algorithmic programs we see the likely case of the babies thrown out with the bath water. Indiscriminate investing or the heard mentality always screws the followers and this time it seems to have driven everyone off the cliff. Funds likely sold holdings where the company and most assets were being given away like this company and who could stomach the ride down? Hope is people will demand the banks and big players that piled out or shorted the whole sector in an indiscriminate act of terror will be challenged. In the U.S. we are starting to see discriminate investors divesting from harmful industries that makes our indiscriminate markets look good now as everything big and bad is pumped up. Everything small and good in China is taken out for dead. Any recognition of people choosing better products, better ways, better markets where rules of road are made, and the banks/market makers held accountable for the big shorts of entire countries/sectors we should see a massive recovery. Should is the word of hope as I own tens of thousands here and in others. SEC under the present administration seems to have given the banks free reign and no oversight to make things look better for the big boys.
Seems once they were able to put everything in one basket and short it like the US housing market all companies in Small Cap China area got taken down and nobody willing pick them up. Would be nice to see an investigation and punish the ones that were corrupt and help the ones that were not regain fair market investing free from the manipulation likely we can only blame our principals here.
You based your decisions by trying to balance the risks vs rewards as we all do. I have never said buy or sell or hold on this but tried to counter your one sided position of negative ties to this that and the other thing that may exist and may be applicable as is any evidence others provide. I simply point out not all China Companies are frauds or should have been lumped together to help the corrupt shorters. Having specific company data like your saying the ceo took the cash without hard proof speaks volumes for your position.
As I said, nobody knows but go to acts and read the third post down for at least one person who didn't buy into the fraud idea there.
While one can never know it seems another positive that people involved in health products tend to be more honest and ethical as consumers. Not yet likely felt by manipulators of the company stock. With one child per family in China they have a hightened regard for the health and wellbeing of that child. The connection to the people working in this company are likely overlaping with ethics just as they are here. No hard landing for China has been the consensus lately and thus any word of ongoing concern may reward those not shook out. jmo
It would be interesting for those still here to explain there reasons for holding. I am holding with the idea that even if sales continued to fall forcing the close down of operations they still have a huge amount of cash. Saying the CEO just left with it is speculation. New Pres. of China has said he intends to reform banking and company transparency issues and a lot was done last few years. We have only heard of a few companies involved in corruption compared to a few years ago. Last year it was the Middle of May when we got one report so maybe the late one will be consolidated or hopefully at least a news release. The stock is trading so my guess is it is being taken down to drain public ownership by key insiders if there is corruption and with remaining holders they will distribute the cash. Disc. I don't trust likely manipulation and perhaps demands being made by some here taking all they can at ever lower prices.
I am trying to have a contact from another company look into this and will post if I can find something out. He goes there regularly and has several clients and a fund and is Chinese. I have written the SEC but we never know if they are doing anything. We know any perception of wrongdoing gets the stock shorted/manipulated down and we only have perception at this time.
So far cooperation has been overrun by the tough talk and weapons industry. But cooperation is so important such as global warming where China is spending 753 on this five year plan and taxing carbon that we will either start to share the efforts to tame global warming or many will follow the J Rodgers of the world into the next market leader of China.
Looks like flipping from one acct. to another to get that penny or 10% paper gain on the short side of the ledger . Illegegal but no SEC and corrupt U.S. market make the thieves daily take easy.
Considering I can't walk into the headquarters of any U.S. public company and demand they disolve you are correct for all companies yet to rely on the idea they are worthless just because they haven't yet bowed to all our demands is like saying the Chinese people are not people and don't make good products.
Very much similar to the banks that saw the vulnerability of trying to get low income people into a home. Bundling all the bad ones they could together and then shorting 30 plus to 1 with another branch pumping the market while selling the bad ones. One evil is taking advantage of a market meant more for stable investing such as a small family trying to buy their first home compared to the speculation that knew any drop in market would be like seeing a rock drop and expecting it to fly. Same shrewd advantage traders took as many individuals buying viable companies/selling viable products and knowing the investors could be shaken out by putting out hit pieces, using intra acct. trading etc to keep the momentum going much further than individual companies like this would see if there was any level of regard for honesty and a viable market for investors. Just admitting all China companies are not corrupt would help and likely all the bad ones weeded out already.