Time is money! But this stock is wasting investors' money because six months ago, on July 1, the stock closed at 17 cents. Now 20 cents. Crawling so slowly....despite low PE of only 4.4X.
Bestworld, you are to blame. The bozz of Time Watch took your suggestion to heart and ....now he has announced delisting plan at 27 cents, which is PE of abt 6.5.
Can u ask him to raise his absolutely ridiculous price to 47 cents?
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[Bestworld 13-05-2010]:
Take the company private and then re-list it in HK....he will easily double his asset!! If have time, drop by their HK outlet and look at bus load after bus load of PRC tourists visiting their HK outlet and you will be convinced why he think TW is way undervalued!!
I have a question for forumers: Can Time Watch minority shareholders pressure the controlling shareholder for a better offer? This 27 cent is absurdly low.
As Tung the chairman already controls 62% and has given his support to the delisting, is there any more hope of rejecting the offer and waiting for a better price from Tung?