1. It doesn't need much to force MTL to go bankrupt
2. It will take miracle for MTL to turnaround (coal prices, global economy recovery, ...)
1. + 2. = $2 per share
You might be right. The facts are on your side as many of chinese small capes have been exposed as scams or fraudulent. However, the reason why TPI is around $1 as of writing this, is that quite a lot of people believe TPI is different. Or according to your theory, belongs to 5 % of honest chinese reverse merges.
If chinese attacked Fort Knox and stole billions of dollars in gold, would you think of declaring war? I would. And the same happened. Only instead of Fort Knox, they decided to steal money through stock exchange.
I agree. No wonder there was an impressive number of analysts at the last CC. One. :-)
By the way, I like their evergreen attached to all of their quarter fillings:
"Clinical application and information gathered from physicians showed that in addition to our approved indication for GMOL: cardiovascular disorders, coronary heart disease and cerebral ischemic attack including strokes, off-label use of GMOL have been indicated in hepatic diseases and ophthalmological diseases. The validity of these observations is currently being investigated."
I guess it's a copy&paste mistake or the validity of these observations has been investigated for at least four years without any result. ;-)
As I said, I was idiot not to sell when it was $1.30 or so.
I don't think so. Retails have just realized this is a dead money till next earnings or mid 2014 when the relocation is completed. This is a sad stock.
They managed to gain hundreds of millions through secondary offerings and debt sales. Why the hell would they play this game again? The game is over! Unscrupulous chinese have found the way to rob us investors. If the government is impotent to declare war on china because of this massive robbery involving hundreds of chinese scams, then we have to at least remember this lesson and keep away from chinese gangsters in the future! #$%$ nation full of crooks!
Quite interesting. I wanted to point out the same issue. Volume is huge, though both earnings and the call haven't bring anything new or interesting.
Get your facts right. This is info from the last CC: End of relocation is planned for mid 2014, not Q1 2014, buyback comes next summer (if any), foreign orders won't be more lucrative than domestic sales.
On top of that, foreign sales will be paid in RMB just like domestic sales.
By the way, where did you get that $0.5 per share from? I expect lower offer or no offer at all.
This is useless. They would find a different way ... They can always go dark through voluntary delisting like other chinese companies have done recently. See CMFO for example.
I said it before and can repeat it any time:
1. For each article SA article that might have moved the stock, I can give you hundreds of examples when an article at SA didn't move the stock. It's very rare thing indeed.
2. Compare BSPM to TPI:
There was no cheerful article about BSPM at SA. Somebody was simply accumulating chinese micro caps.
And if you really need a ultimate proof, then go ahead and write an article yourself. SA will publish almost anything. I can guarantee that your article won't move the stock. If it was possible, everybody would do that.
There is no single evidence that the article of anonymous writer without any track record has moved the stock. I don't know why you still believe this nonsense.
I'm fascinated by people's naivety. You've been watching the company to pi?? on shareholders for years, but you believe they will suddenly do something honest? Ridiculous!
Expect the worst, but the chinese will still surprise you.
Are you joking? No way they give you $500 per new share. That would be $1 for current share which is ridiculous. Why would chinese do that? They went to US market to GET money not to distribute!