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China Housing and Land Development, Inc. Message Board

hdoe1000 2 posts  |  Last Activity: Sep 30, 2015 9:31 AM Member since: Jan 2, 2008
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  • hdoe1000 by hdoe1000 Sep 30, 2015 9:31 AM Flag

    In the recent presentation, VTG says it has 250M liquidity. That could be enough for 2016 debt payments. Insolvency is apparently not imminent.

    I think they are working towards a HERO type solution.

  • hdoe1000 by hdoe1000 Sep 3, 2015 5:52 AM Flag

    The Pope AM deal shows that shareholders have to take action if they want to get some money back. Pope got a legal claim because the company violated a court order. With that claim, Receiver Seiden was able to step into the "shoes of the company" and obtain a settlement.

    My guess is that the SGTI has violated other security laws – for example the election to the board of directors – that the remaining US shareholders (some 4 M shares) could use to get a legal claim. The best way seems to be via a class action in a Nevada court. That's the way choosen by SCEI's shareholders. SGTI's Ceo seems to have less criminal energy than SCEI's. He appears willing to settle if he gets kicked.

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