Any idea about the reason behind the recent resignation of the CFO? I figured that sparked the drop in PPS, but it very well could be JB selling shares to fund S3, Redwood or whatever that bunch of crooks wants to call themselves.
They have to fund themselves somehow and that last dilution and bonuses for "services rendered" didnt fly so well with the shareholders, they shot themselves in the foot.
If we could somehow verify that everything is still on the up and up I would love to add more at these levels. We now have a P/E under 2 and very strong earnings at that and a seemingly great company moving forward. Like we have all discussed in much detail before, the companies JB have brought forward are way more solid and honorable than S3, or are they???
malc.
P.S. This chinese guy who works for me thinks that the Chumling website is great and that they have the products the chinese crave, and that the business model is tight. My only concern is that something is fishy on the inside...