Value Microcaps Motherboard

[abh3vt]

We'll see if they actually follow through with this. Other Chinese companies have issued buyback authorizations before and then only purchase a small amount of stock (if any at all.)

In fact, CEU had a $1MM stock buyback authorized in 2008....and never bought back any shares. And yes, the shares did trade close to cash value back then too.

Some large shareholders must have really gotten to the CEO yesterday and forced him (shamed him?) into doing this buyback. Trading below net cash? You have to buy back the stock!

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I see that Kerrisdale Capital is still resolute on their position that the company is a hoax:

http://kerrisdalecap.com/blog.php

I have no position here, but sure was tempted when it sold off into the low 2s. I do not like this management team....so would only do it for a trade.