JADA--Rames, you had asked if anyone could provide a translated synopsis of that Chinese language article you saw this morning on Kit Tsui of CHFI. A Yahoo poster whose ID is "cohcwl" did just this. My one caveat about this post is how he uses the word "control" to describe Kit Tsui's relationship with several companies listed to U.S. exchanges by CHFI, including JADA.... The only way he could "control" those companies is by selling or buying shares. And indeed we've evidently seen just that with JADA, BFAR, and other examples, both positively and negatively.
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Here's from Yahoo:
Re: Chinese news reporting on Kit Tsui
2-Sep-10 03:22 am
by cohcwl [Male, Guangdong, Yahoo member since 5/9/03]
I read the news, it concerns Kit Tsui's career road,who is actually the boss of CHFI.ob, and of course he also control [sic] several CO. on otcbb including JADA,the news revealed that he is not trustable,and wnat's more, JADA committed the HUANYATONG company to find an acquistion past months is also owned by Kit Tsui, but as far as I know, Kit Tsui is losing the control [sic] of JADA, that is why the acquisition is not completed before 15,July,as you can see,it is very easy to find an acquisition if you don't care about the qualilty of the acquisition,and it is much easier if just to cheat to catch the acquisition funds(8.8m),but it din't happened, that is to say, Kit Tsui is losing the power on JADA,That is really a great news for all investors.
My opinion is that, JADA is a very good co. though it will not grow very fast as other(if an aquisition would not come in the future ), but is a trustable co. ,because JADA's business is very simple:one suplier five custumers,and the profit rate is rather high(more tahn 50%).which is just simple as dig the rocks and move to other place and count the money.
The simpler the less possiblities of cheating,isn't it?
Sentiment : Hold
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