Friday, March 27, 2009 10:41:48 AM
Anyway, I'm honestly neutral to slightly negative on it for now. Not that the company has done anything wrong. The company, if it's legit, hasn't responded to my knowledge (or it would no doubt have been posted) to several investor email.
Then there's the fact that the O/S has increased dramatically since Feb of this year...whether it's Cornell or the company doesn't change the dilution factor.
Most of all...I'd say the company has a poor track record investor relations. No one wants a "pump" but the firm...and none of you can seriously deny this...has done a poor job keeping the investment community informed. This is important...as I said, no one should fluff PR this...but without at least periodic updates - and not talking of the legal required filings...how should anyone know what's really going on? and why would anyone put a nickel here who doesn't have a clue how the company is proceeding. It was until very recently a mining company in LV after all.
As of the latest Q, despite all the hype, the company had ZERO recorded revenue. Now...that would be impossible with a "thriving Xinhua Bookstore".
Just my honest thoughts...and unfortunately last post of the day. I like micro companies. Always looking for an investment. This could be one, perhaps, but investors who walk around in the dark bump into R/S's and all types of nasty things. Management needs to speak up...then, if they say something worthwhile, I'll use my 2 posts a day to be positive. GL.
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