Replies to post #79520 on China Growth Stocks

[Rames]

GFRE - well, I am trying to find out what the odds are that GFRE is a legit company. Also what the correct number of shares outstanding is now, incl. HAP and unrelated to the law suit. Everything "corporate governance" looks very bleak, but that hasn't ever been different. So if that price drop is caused directly or indirectly only by the HAP mess then it should be a buy when it bottoms. But I don't even have an educated guess now, price action says not to buy...

[Post-it]

GFRE - high volume again today, guess HAP is still off loading; read earlier that they had 4M or so. But I wonder whether they know more than we do, I understand that you may want to off load at $10, but at <$4 (2,6 x ttm PE)?? Lin bros revisited?

I really like the business model (should not be too complicated to diversify into bromine based specialty chemicals), but am a bit concerned about the pretty steep drop in production in 10Q4 and the low interest income. In the meantime bromine prices are still increasing.

I'll wait till selling stops or Q1 results are out (whichever comes first...).