"They are pieces of shit."
:) Agree as are 90% of these Chinese small cap management teams. I put BSPM, CKGT, WKBT, LTUS, JADA, BFAR and about three dozen other small cap mgmt teams in that same category. Every one of those POSes that claim to have millions in cash on hand but won't spend a penny of it to benefit their shareholders (probably because it does not exist), let alone take the time to put out courtesy PRs to acknowledge the existence of their investors in the wake of massive PPS erosion.
These small caps are getting PE's of 1 and 2, which is probably more than most of them deserve. I've been trading them or shorting them like the rotten prostitutes that they are, nothing more. That is all they are worth.
I'm with Glen Bradford - China is one huge Ponzi scheme that is going to come tumbling down sometime in the next 5 years. When people want to compare China to the US like they are some sort of force to be reckoned with, they should stop and recall that they can't even get a majority of their population clean water and uncontaminated food.
