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$CAST: Even if they aren't able to get

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hebercreeper Member Profile hebercreeper Member Level 
Friday, August 24, 2012 1:09:17 PM
Re: joenatural post# 91517 Post # of 94327 
$CAST: Even if they aren't able to get all of the cash back, it would seem the market isn't valuing future business prospects much at all.

The creation of a new WOFE could be a nugget in today's PR that is being overlooked.

From July 31 release:

http://finance.yahoo.com/news/chinacast-announces-updates-internal-investigation-134500984.html

Quote:
Derek Feng, CAST's current CEO, comments "We are pleased that our disciplined and persistent efforts to combat the wrongdoing and unauthorized actions of Ron Chan, Mr. Jiang and his accomplices are gaining traction. In addition, we have been in dialogue with the universities affiliated with CAST's three private colleges in Wuhan, Chongqing and Guilin and it is clear that they do not wish to be associated with potential criminals like Ron Chan, Mr. Jiang, Mr. Shi or their accomplices. It is extremely fortunate that the management of the three private colleges has maintained the stability of the colleges. Based on preliminary indications total student enrollment in our schools for the upcoming September 2012 term is up compared to the September 2011 term."



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