Hi all, Seems like bad news is the norm and this may be the last nail in the coffin for china shares... Fibrechem one of the supposedly stronger chemfibre players tumbled 40% in just over an hour. Now trading is halted (temporary suspension) and there is a pending announcement. Can\'t be any good news in the offing...just like when we were all discussing about cash rich companies this throws a new spin ball at the discussion. Macgyver was probably right in his suspicion...now I am beginning to wonder as well.
can\'t be all that good...probably worse than you worse nightmare unless some kind of financial engineering is done on the books...huh...I\'m sounding like a perma bear.
Let\'s not be too hasty to judge. A company\'s balance sheet can be relied upon unless there is major fraud or mis-statement which would be tantamount to a criminal offence ! Let\'s observe what the Company has to say.
Heard in the vinyard. Directors called for trading halt in the middle of the Board of Directors meeting because the auditors refused to sign off the accounts. This could be due to certain items that the auditors cannot verify. Danger.
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