serious reply GFRE- The market is saying it's a crap shoot and is refirming that opinion on a daily weekly basis, so one should respect that.
The company seems to be trying everything a company should do to prove it's legitimacy and the accuracy of what they are reporting.
They have been unusually responsive in responding in detail to charges and they did hire the outside firm to recommend any improvements in internal controls. That has been done and recommendations enacted [according to management].
We have not sold any unfortuunately. Bought half at $.88/$1.20 and the other half at various prices with $11.30 being the top for a couple of hundred shares.
Overall, likely underwater a bit right here. No big loss [yet] but,
the trip from $14.90 to mid $2's has been mighty unpleasant.
If the stock were to sell at a whopping 10 X engs it would be way into the $teens.
If they are crooks, could be worth?, who knows what above a penny.
Seems like a crapshoot given that the company has been responsive and the market is still saying it's not worth even $3 lately.
Markets judgment has to be respected until price action proves otherwise.
Fabian
Of course, having so many other China SC stocks proven or near proven crooked since March 15th has not helped the situation. Who's next?
Best case is they report good earnings and say we're going to start that $10 million buyback we've talked about, then do it with vigour at these prices.
and,
Maybe slap a serious lawsuit on the guy who wrote the damning article...If, they truly are above board.
