China Runji Cement Inc. (fka CRJI)

[littlejohn]

About $3.05 per share for the public shareholders would seem OK if the management took $100,000 for their share of the equity...

If the share count and insider positions were accurate...Using the figures in the I-box for an example...

78,832,064 o/s on 04-19-2011...

about 10,260,064 shares of public float...

$31,392,308 shareholder equity showed on 02-28-2011...

10Q filing link...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7869540

If the management sold all their shares for $100,000 of the company equity then that leaves about $31,292,308 for the public shareholders to split...

31,392,308 - 100,000 = 31,292,308

31,292,308 / 10,260,064 = $3.05

The management looks rather silly taking so little for their shares...

And the $3.05 for the remaining public shares may look odd to some math geeks...

But a jury could award far more on fraud if they took a hankering to make a point on an open and shut case to close with plenty of info available...LJ