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Re: 1dmg1 post# 11752

Wednesday, 04/23/2014 11:51:30 AM

Wednesday, April 23, 2014 11:51:30 AM

Post# of 13509
Hey dmg,I have not read the article that you are referring to, but I must congratulate you for spotting some information that is stale and probably has no relevance at this time.

We have all seen Bernstein in some interviews about Chinese stocks and he knows what has to be done to fix issues that might be relevant. I have no concerns about First China because I know that soon the financials will be completed and filed with the SEC.

Whoever is fearful should sell this stock and allow those who are major holders to continue increasing their holdings of this stock at these bargain prices!!

P.S. One more thing--Wang is a major holder and I would not be surprised if his wife is not accumulating shares under her name at these prices; yes she can safely buy about 2.9 million shares (less than 5% of outstanding shares) and would not have to file any disclosure form!! And if they have a child (who would probably be about 18-21 years old by now)he or she could also accumulate identical number of shares. And this also goes for relatives that they have in China. Therefore, I am sure you all understand that Wang has no intention of letting this company fail...................

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