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chinsoonyuen wrote: btw where did you got the info from?
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chinsoonyuen wrote: i recomend you to was channel 809 CBN. It is the China equivalent of CNBC of USA, Channel 707.
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erelation wrote: Hi Greenrookie,
3 to 5% interest yield is quite common in China even on 30 days basis. If it is the case of 1.9 million for 400 million that is less than 0.5% return???
Personally i think many of the information give here are facts given that
1) The CFO really have left the company.
2) There is no dividend declared despite the 400 mil cash
3) Ton of money sitting in the bank, not deployed and not properly utilized, leaving in the bank with close to zero return while we have high inflation rate in China.
4) While we do not say that there is any unlawful activities, it is clearly the case that management is not performing up to expectation.
Regards
erelation
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