I like this type of report where actual site visit is done.. By right all the blog writer shld do this instead of relying on their imagination.. They shld conduct side visit and talk to people - then they will know true story of what this company is all about
This company balance sheet claim its has RM 800millions cash in hand ! KYY said his got relative who is auditor has audit it as well. But use your brain to think, if you have cash RM 800 millions, would you just make a right issue call for asking 50 millions only??!!
Maybe he is the spy of the China Boss to scare u all (including Koon Koon) to sell cheap cheap to him so that he can sapu all the cash of RM3 per share??
leadership, in the first place, xinquan already doing outsource of Gertop contract to other manufacturers (which now consist of >80% of Xinquan's revenue), why would it needs such a factory? The simple answer is : inflated PPE value to give you the pristine balance sheet !
Rm3 cash in hand ?! Hahaha....very very funny...800 million cash in hand , but ask right issue call for 50 million, does it make sense ? Photoshop all fake, website fake, asking u money for donation is real !
it's difficult to comprehend why the company with so much cash would want shareholders to take out more money to support the company's expansion? the rights issue does not equate well with shareholders. puzzling indeed???
What I am trying to say is why Robertl did not do a write based on pictures of the new factory located at Huian but insteadd do a write up based on pictures of the old factory located at JIngiang.Isn't he try to fool us.
I just want to know why did Robertl not do a write up based on the Huian factory. If really the factory in Huian is hollow then at least we are convinced the whole business is a hoax.
Why did you also not ask the same questions for photos taken by Robertl. I am just trying to point out that Robertl should be visiting and writing about the Huian factory rather than the Jinjiang factory.
The tree height is also almost the same. So my conclusion is either robertl took the picture when they are on holiday (factory is close) or Xinquan hire actor & buy empty boxes for the pic on web
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MG9231
816 posts
Posted by MG9231 > 2016-01-04 14:59 | Report Abuse
Looks like Malaysia Investors which are far away from its operation is easy to cheat.