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I'm glad they finally got all their numbers

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Shindoesca Member Profile
 
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Shindoesca   Tuesday, 12/29/09 11:14:58 AM
Re: None
Post # of 27 
I'm glad they finally got all their numbers in order and it's good to see that equity grew from 915 to 980 million between 31/12/08 and 31/09/2009.

It's like many investors never realised they did the reverse split. Even with the 100% share increase since I bought at 11,00 the valuation compared to book value is still just so low!

Sometimes you just hit the homerun, all about sentiment and in this case we were all able to capitalize because people no longer took notice of the low valuation because of the delayed numbers for the last 1.5 years while you had a credit crisis.

Once the big guns realise they restated almost 2 years of numbers in the last few months and everything has turned out to be fine we should see this thing getting back to at least a realistic valuation and maybe split to get back to the old number of shares :)

Perhaps in 2 years you'll have the same share price but with 10X the shares or just a $100 share price, who cares.. either way a 10-bagger ;)


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