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I sold mine off a long time ago.

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KarinCA Member Level  Friday, 07/12/13 01:54:59 PM
Re: Trader Joey post# 407
Post # of 429 
I sold mine off a long time ago. I don't trust the company.

Add the fact that Golden Meditech Holdings Limited has been gradually taking a larger stake in the company. I envision them going private with a delisting.

Following quote from:
http://1.usa.gov/13SUrri

"Golden Meditech beneficially owns an aggregate of 48,299,307 Ordinary Shares, representing approximately 53.3% of the total issued and outstanding Ordinary Shares based on 73,003,248 Ordinary Shares outstanding as of March 31, 2013"

**********

Mr. Yuen Kam, the Chairman and CEO of Golden Meditech is now the Chairman and Director of China Cord Blood.

http://bit.ly/13SUrrk

He's already hiding things from US investors. See: http://1.usa.gov/13SUtiT

There's no way to verify Chinese company filings. The risk is to high. I may be wrong, but, I won't touch it.





In Reply to 'Trader Joey'

Well seems like the tide is changing as of late.... so many old posts here I'm wondering if people have started buying again? Insider buying 366,782 shares on Tuesday along with upgrades.... I still like this CO its time to quit trading sideways.. LOL




GLTA... KarinCA ;)

"Be kinder than necessary, for everyone you meet is fighting some kind of battle."



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