He bought Three million shares at 2.40 a share in Aug of 2014 Probably the other 6 million he owns were at a comparable price.This should also have a positive impact on the share price.
They did but its not on most sites that has yosn Last year they did the same thing and came out with the report ten days later.My guess is there won't be any big surprises.Expect the same Baloney soft market low profit margins No big increase in overall sales etc .
With everyone worried how bad sales were this past Qtr and expecting the worst ( I'm sure that they were down) the report will have a calming effect on those who believe the "sky is falling".I do think we could see a 30%move up on the stock by Sept.
Basically all of this weeks gains were erased .Looks like we'll have to wait 2-3 weeks until 2nd qtr results come out. I was to premature in my postings. Sorry.
Although XIN hasn't moved up as much as I predicted (4.50 by Fri ) It has moved up 11% since Mon and the volume is picking up as well.I do believe that before the qtr report in mid Aug we could see a price of 5.50-6.00 a share.