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Re: iVan_smith post# 1062

Thursday, 07/07/2011 2:30:27 PM

Thursday, July 07, 2011 2:30:27 PM

Post# of 1606
Can this be an OMFG moment?

http://www.dragonite.com.hk/upload/news/1310035692_E%20Resignation.pdf

AND

"For the six months ended 30 June 2010, Ruyan Group (Holdings) Limited's revenues decreased 90% to HK$14.6M. Net loss totaled HK$134.7M, up from HK$6.5M. Revenue reflects a decrease in income from Pharmaceutical products segment and a lower revenue from Ruyan atomizing cigarettes segment. Net loss also reflects decreased gross profit margin, an increase in administrative expenses, and higher finance cost."

I was thinking this could not get worse. We'll see what happens when trading opens.