Steven, just a week ago you stated:
"Fraud? This is becoming a nightmare. Everything I own except cnoa has passed up ckgt.ob What is the problem?"--10/25 post #2263
So surely Traderfan is entitled to his own versions of the same. But apart from such posts of exasperation, it seems healthy to have critical comments posted about companies we're interested in, especially when they are made in the cordial and informed manner in which Traderfan makes them.
For a tiny Chinese OTC company with a market cap of only $25.6M, the lack of timely and informative communication with shareholders is a big deal. In this respect, SIAF is a perfect example of the difference a good IR strategy can do for shareholders. And it seems as an investor one must take a company's IR strategy or lack thereof into consideration when trying to assess how well it will do going forward. Indeed, there's already been at least two other investors who recently chimed in that said they either reduced their CKGT holdings or moved on completely because of this very issue. And CKGT's new choice of IR firms seems particular unfortunate which, for me at least, was reiterated with the press release that came out this morning. Of course, any news was welecome, and what they said about the cigs was very promising. But it was only last Tuesday I called and talked to Brian at Equiti-trend. I specifically asked if they were going to have a PR before earnings, and if--after he told me they were--it was going to be a fairly comphrehensive PR in terms of the whole company, which he assured me that it was. Well, that's not at all what we got today: not one thing was mentioned in the PR about any other aspect of the company. So in the very short time they've been on the job Equiti-trend has given out conflicting information about what they're going to do for CKGT.
Now, I just this morning sold something else and bought another 900 shares of CKGT. So, obviously, I agree with you and others that investing in CKGT at these levels is apt to prove lucrative. But we've just gone through something like 8 months of Chinese stock bashing by the media at large, and we all saw what that did to the likes of CGS picks. What ensued on the boards was a lot of discussion about what was needed to restore confidence. Almost all of it had to do with public relations in one way or another--buybacks, dividends, good IR firms, conference calls, good auditors, etc. CKGT has done none of these things. So, going forward, when another round of China bashing occurs, it stands to reason that those companies that did nothing to improve these things will be hit the hardest when waves of fear and doubt return. And it seems Traderfan's criticism today about the press release not being transparent enough echoes what thousands of other investors have been complaining about China stocks in general. In other words, I suspect a lot of other would-be investors in CKGT were wanting more information in the press release than they were given.
In short, CKGT seems like a great little company with a lot of bright prospects. But it is not without it's shortcomings. So it seems to me to be a mistake to shoo away someone like Traderfan who is willing to take the time to articulate his criticisms of CKGT. I'm sure, too, when/if CKGT starts firing on all cylinders, Traderfan won't begrudge acknowledging such positive developments. He is after all a CKGT shareholder.
Steve
AI
