Portlander10,
Just because a company's PPS goes up does not make the company credible. Yes, you may stand to make a profit here. I do not doubt that. But take a look at what happened in the stock market today after a company lacked credibility(or lied if you will). Hint: the stock starts with an S and ends in an LJB.
I am not going to buy back into IPKL until I feel that the company is credible. At this point I do not feel that it is such.
What would make me feel that the company is credible you might ask?
Well, it is quite simple. When, and only when, proof is provided by China that the JV is legitimate.
I have sent two e-mails to CCII (one to general info, the other to Peng Cheng? Head of Mine Safety for CCII). No Reply.
I have sent an e-mail to NCDRC. No Reply.
I have sent an e-mail to Chinese Central Gov't. No Reply.
I would send an e-mail to YongAn, but I cannot find an address or point of contact.
Didn't your mother ever tell you, "Don't believe everything you hear?" Let me make an addendum to that statement. "Don't believe everything that you hear from IPKL."
Do not forget that it was not long ago that this stock was being blasted as being a Pump and Dump.
I am providing nothing but DD here guys. Please provide factual DD to refute anything that I have posted.
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