That's sounds about what I figured the settlement would be. I called Macquarie's law office and they are supposed to be sending me the forms.
Approval by the US dod is exceptional. I think a reasonable buyout offer would be between $70-80, but would be denied because eventually it would be of higher value.
There are many skeptics that cast a jaundiced eye when they hear of malpractice involving Chinese industry. A recent article from the associated press titled,*Chinese government's false claims highlight rampant deception," will give doubters second thoughts. Be careful out there!
I'm really sorry that you've been hit rather hard, mad. I expect I may glean 20k from the settlement which will amount to about three percent of my losses. Better than a sharp stick in my eye. Never again with Chinese stocks! Hope you are well.
To be frank, i can find nothing positive about this company and the humor escapes me. I've lost a considerable amount of money, partly my own fault but also from misleading information about the viability of puda. I wonder why you can't say cr#p on this board?
I don't own this stock but have been monitoring it for some time. With all the legal eventualities surrounding it, why has the price soured on Friday? Puzzling.
Be careful here. Remember DNDN(Q)? Was above $36 and is now 3 cents. It also was a one horse Pony and broke its leg. I'm not long or short.
Do you have a reference for "short of the year," or is that just "pie in the sky?" Your're not short are you?? Naw, not you.
Sentiment: Strong Buy
What a freekin idiot !!!