China Unlimited

[RealDutch]

I think it would be foolish to trust Garrett or ECAB or any of these guys. I think Garrett has good intentions though. He would never publicly admit they forgot about a floor price in the note if he was planning to convert at these depressed prices.

The stock they are issuing now was settled at least 6 months ago, for a higher price. When the share price stays this low they have to do something else. I think they have a number of options even if they don't get the TRW loan. Sell TRW stock. Do a deal with ECAB.

And I'm pretty confident that we will get a cash dividend this year. What I am concerned about is the timing and whether they will get it right.

I'm also waiting for a surprise CA deal abroad, perhaps.

HERB to me is a call option that never expires. I don't even mind if the stock gets deregistered. They have lots of cash and may go private eventually.

As I said before, much of the rest on my buy list is doomed. Perhaps GURE could still be a good one. And XIN with the dividends. But it's mostly about SIAF now. So there is no point in continuing my challenge.