Replies to post #85027 on China Growth Stocks

[Drexion2004]

LTUS: I was talking about total CURRENT assets and total CURRENT liabilities. Look what their working capital is going to be after they pay off those liabilities! Shareholders better hope they can get more bank loans.

My theory on this company is that earnings were massively exaggerated. They are now getting closer to the truth -- and they 'sunk' much of their fake earnings into overvalued asset prices. Very easy to claim you spent 15M on construction when it might have only been 5M for example.

Thats one way to bring numbers 'inline' if you were lying in the past.

-Fernando

[ratobranco]

2morrow, LTUS - you cannot be serious. WTF? Seriously, stop pumping this garbage. It's irresponsible. You obviously don't anything about this company.