Tuesday, December 27, 2011 4:41:13 PM
Share turnover extremely low and share price tumbling, now 13,5 cents. This is for sure due to the none communication of MSAH management and the fact that the 95% owner of the company (Mr. Liu) has no shareholder minded thinking whatsoever. Press releases with progress information non-existant and shareholder can just watch how the share is going towards the abyss.
A share buy-back programme has been suggested to Mr. Liu, something he bluntly said no to. Could it be Mr. Liu now buying the few shares being traded at below 20 cents. I would not be surprised if he would do such a thing. That is, if he even exists in real life. The same goes for the ginger activities in China. Have they ever existed and/or do they exist today?
Just FYI, I called the Hong Kong number indicated on the MSAH homepage some weeks ago and guess what; some girl answered and said Man Shing Ginger no longer is located in that office. She promised to call me back with info on how to reach MSAH but has so far not done so.
As previously reported, I had a telephone conference with Alliance advisors (IR Company of MSAH). Kenny, the CFO, was to have attended this teleconference but did not at the end. Why? I sent him the summary of the call but have so far not received any answer from this Kenny. If he exists in real is to be proven.
Is any other shareholder active in getting info on this company? I would be interested to know.
I beleive it is time to soon take serious shareholder action in form of a lawsuit. Mr. Liu is treating us shareholders like dirt and he is not managing the company as a stock trading company but a privately owned chinese family company.
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