I dont think Jack is socai lah...somebody said he can see future market very chun one...he short market kaw kaw not long ago and made good profit if i m not mistaken
WHo angry? U angry ah? Dont like that lah...no good for health...If have to make a choice, u rather be a happy Con Senior Trader than an Angry Con Senior Trader..Say CHeese.....
this sochai alpha jack really think we are angry and got high blood pressure... He is 1st day out to society to work. He never see before " Big Ular 小便“......... We are all here in entertainment mood to see his reply..........His EQ =0 .......
If the photos in blog "Hollow story" are true, with so few inventory at store, few workers and few boxes of finished product at production line, then u can be sure the billion cash reserves is gone.
my broker recommend me to buy this stock in the morning, saw some unknown counter name and I ignored it.. Today closing drop 11%.. i was like what the heck...
the reasonableness is not make sense at all, if ur friend said he got million cash in the bank, but still borrow money from you, what would u will think? If the company got so much of cash, still right issue, of course common sense will ask or tell u, the cash is real?
& with the history, how many china stocks already play the same tactic- first show high cash, later sudden make huge loss, then the cash gone.
"They" are very creative, they will use all the creative way to suck your hard earn money.
Just few workers- mostly quited cause no receive pay; No machineries (just some old outdated left) - the usable ones alredi grabed by Ah Long; Pitiful stock level - Not doing business for some time alredi, cause No money!
Obviously shoes r in mud n now divert to knitting n meantime all hands stuck between "mud & sticking" ....... unlikely to see improve quarterly accounts for sometime n by then I am gone to lay lay land or maybe to angel land , ha ha Thk god manage to off load my last batch on the AGM day !!!
Obviously the auditors are not doing their job properly and easily get cheated by China Intelligent Businessman. Net assets worth RM3.46 will only take 10% max to be prudence. 34sen will be good buy.
China's manufacturing index is on a decline and the domestic consumers are showing preferences towards goods manufactured in the west. Financial performance of some of the larger domestic sports apparel producer (i.e. Li-Ning) has also declined steadily after the Olympics. To consider this stock strictly on its balance sheet and cash position is going to be a tough sell. There has been reports of Company investing massively in new lines which is interesting considering that its sales have been steadily on a decline............. Why wouldn't management just announce a good dividend payout to demonstrate the strength of its financial position.. Why?
KYY has firm belief the cash of close to rm1 billion (0.97 b) is there. I don understand why he is so sure just because his relative is founder of the audit company. By now he shd have seen the photos in the Hollow story; dont know what he think after seeing the few factory girls glueing and counting the shoe soles in a factory designed to house 3000 workers.
Is he still so certain the billion still there? I m sure many shareholders not as optimistic as him.
i wonder why people believed in a random guy with random photos rather audited report. people think a random guy is better than professional auditors?? "non-existent" cash in the audited report is the most hilarious joke i even heard. how can a cash in bank no existing?? bankers, accountants, auditors, CEO/CFO all are abang adik?? if people suspecting the account receivable or account payable or sales or whatever are fake or manipulated, that is sensible but cash is bank?? i dont get it at all.
I don't mind be cheated by this share. I ever bought with @.42 and sold with @.65; and the wa I bought with @0.06 and when it dropped to @0.035 cent I got to collect more, n after that I sold with @0.065. Though earned not much, but better than to work under employment. I am ready to do the same thing, to collect more cheap share this time: better mother share is @0.30 and wa @0.02. I don't afraid It drops, I only worry it doesn't drop. Rule of W.B : when others are nervous, u don't mind to buy from them. I don't blame others if I lose, I only ask myself why I am so incompetent; why other make profit n I should make net loss? for except depend on yourself, who should deliver money for you? talk more are craps. Winner is the king, loser is the robber; go home to hug your wife if u are incompetent.
48kiasu, u seem to be more certain than YY thaat the billion cash is intact because u think the auditors are professional. U forget that even the big boss him self also don quite believe so when he sold off big stake in warrants @ 3.5 cts (mother share has a net cash of rm2.80; considering the exercise price of rm1, he is so stupid to lose at least rm1.45 for each warrant sold). The big boss says Gertop is rank top no. 3 in china outdoor apparel. I say it rank way way below top 30, but likely above bottom no. 3. U can keep on believe Xinquan, and wear Gertop when travel in China, then u can see how the sales girl treat u when visit high end shops. Like a china fren say, this is 便宜貨
Btw, i don think YY fully believe so, else he will sell his other holdings and jump in Xinquan as it is worth more than rm2.8 (net cash) but selling below rm 0.60. Where to find? Why wait some more?
looks like the shares have been conered, it is up to the sharks to say up or down, is the hollow story real?
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Posted by Desa20201956 > 2016-01-04 13:15 | Report Abuse
but socai con senior gambler got no more bullets
<The SOcai or Con Senior Trader's comment is as follows... >