Hi Tactician,
I don't think I blast the company hard at all. I'm stating based on my personal opinions and research from an outsider point of view. I have no vested interest, but as stated, my main interest in study comes from having once invested in HongXing, China Sky and Fuxing, and eventually having exited all with an overall gain (lucky me). I do try to separate between objectivity and subjectivity as much as I can and I believe I have made it clear in the previous posts.
I don't believe I have done as much homework as local blue chips which I also invest in, mainly because I'm not able to personally verify the shops, the clothings, and the market sentiment over in China. All my sources of information are from forumers, SGX and brokerages reports, all of which are either second hand or third hand. To me, to truly know the company, it would have to be first hand. But this is something personal, and I admit I only practice half heartedly for blue chips as well. Then again, how well do we need to know how Singtel or Starhub operates?
Basically, as newbiestock would know, I have been warning against Eratat since ~23cts, so I don't see how any investors would have regretted it at all. I do find your statement that my warning would have caused them to make uninformed decisions an extremely misleading one. It is my diligence that would had stop me from buying then. The broad market went down, but Eratat did went down more than proportionately. Of course, if I was wrong and investors finally decide it is a gem, the margin of safety would be significantly larger now than before.
And also, investors should never make decisions purely based on the posts of others, be it from recommendations on forums or analysts.
It is indeed interesting that most people who are already vested will like to hear only positive feedback, and tend to start negative insuinations on forumers who posted on the negatives. In fact, the CIMB's negative report was well ignored. References were however made frequently at the SIAS research report which had positive recommendations since well over 20 cents.
I respect your postings and your decisions, which obviously came with much thoughts. But to me, Eratat is perhaps now at a price of limited downsides tecnically, but I don't see it as a limited risk fundamentally with main focus on receivables. I'm a firm believe that "if you don't manage debtors, they will begin to manage your business as you will gradually lose control due to reduced cashflow".