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Re: General Grievous post# 48883

Saturday, 05/06/2017 1:39:03 PM

Saturday, May 06, 2017 1:39:03 PM

Post# of 207193
No problemo, I'll elaborate

ZJMY/Wuhu are new companies and haven't issued bonds, so their only debit is private (owner's capital) and bank loans. Because they have few revenues and aren't credit worthy yet, bank loans are less likely. We've seen pics of their shiny new manufacturing facility, and I'm ball parking it at 100M.

That means the company owes it owners that 100M, and is about as leveraged as TSLA, but not one of these early stage startups with no assets and years of retained losses (negative book value).

So we're waiting on ZJMY/Wuhu's consolidation, as of Jan. 2017.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130717206

Did I miss anything? Ask away...

Long DOLV

**DISCLOSURE** My posts express my opinion which is subject to change without notice. They are not investment advice nor a recommendation regarding any course of action. Assess investments according to your personal financial circumstances.

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