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Scandle34

10/29/11 4:29 PM

#86478 RE: Drexion2004 #86477

impressive. from the sidelines i was not sure which way this was going but I suspect a few soon to be former HRBN shareholders will be brave on other beaten down China stocks that seem to be legit - like LLEN and LPH for example.
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Traderfan

10/29/11 4:34 PM

#86479 RE: Drexion2004 #86477

HRBN, agreed. Amazing how many people out there were wrong about this buyout offer. The shorts (big shorts) sure got their butt handed to them on this stock and that's certainly good to see. I think it's nice that they are not always right. If you remember that the stock was basically impossible to sell short even at 14-15 USD months ago due to immense shorting (there was an extremely high borrow rate lately if I'm not mistaken) then you can imagine how much money they lost alltogether.
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Shinisaurus

10/29/11 6:51 PM

#86486 RE: Drexion2004 #86477

I'll admit I was wrong and bashed the deal, although I wasn't short HRBN (except for a couple months back & luckily got out with a profit). And yeah alot of people lost millions on this selling calls in the teens.

Sadly this will also probably lead to more CHNG/PUDA type BS.
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ratobranco

10/30/11 2:11 PM

#86501 RE: Drexion2004 #86477

"The money has spoken and thats the loudest voice of all"

Whoa whoa whoa, slow down ;-) What money has spoken? Not the HRBN money, the money that is allegedly going to get paid out. Let's wait for a cashable check.

I'm surprised to hear you pull an "I told you so" on this one, when even you now admit that HRBN has committed wide-scale fraud. Citron more than proved that. The only issue is whether they've used the money they fraudulently raised from US investors to build a business that someone now wants to buy, or whether they've fooled a private equity investor into believing unaudited numbers (which has been done many times before, mind you).

China RTO bulls have lost millions of dollar since this debate began. Millions many times over. A buy and hold strategy over the course of this year has been horrifically violent to a portfolio, Great Depression style violent, even worse.

Think about how many former so-called "amigos" have turned into forgotten penny stocks. Do people even know that the beloved CCME is 17 cents right now? What a bargain, no? .07 times earnings. For many people, that was half the damn portfolio!

The fact that people could have made 30% on some stupid back-and-forth HRBN trade (which hasn't even been established yet) hardly offsets anything that has happened. The bears won the China RTO debate plain and simple.

Nonetheless, if you held HRBN through all this, stuck to your convictions, and we do get the payout, well... you have my "congratulations" ;-)