fundamentalist, can u summarise in a few sentences what is wrong with the jinjiang tax so I can raise it next monday.
Fundamentalist wrote: The jinjiang tax issue would probably throw them a little off guard without a standard template answer, but I'm not an expert in china tax rates to ask about it. Furthermore, I am not an investor, and from the recent discussions and studies, I don't think I would even touch it. If you think closing an eye on this issue gives you more confidence in investing, I can't stop you on that.
The only positive so far is that they sponsored a local sports team, which makes sense given they are listed here and badly needs some visibility and investors confidence.
Given the points brought up so far, and the study into the most recent reports, I remain unconvinced. The cliche: If it looks like a duck, walks like a duck and quacks like a duck, but it tries to convince you it is not a duck...... you know what I mean.
Interesting points brought up over past few pages, along with some checks on china tax rates, etc. But this is bringing on a diminishing returns on my time. As such, don't think I will spend any more efforts on this counter unless something interesting pops up again.
Volume seems picking up as this morning someone uses 500Lots to generate volume ? Price stabilised at 8.8/9.0cents. At current price so long as the account is clean it is an opportunity to buy isn't it ? Look at other so-call 'blue' chips like Noble, GAR all earning 0.24US cents /qtr and the debt is huge ... and there are in the component 30 ? People has different mind set for S-chip anyway due to too many failure so far. WHY IF ?
Can you raise these questions during the meeting..
1. Why ask YE SANZHI sold off his holding?? personal reason?? I notice He is still acting as Director now.
2. Can they disclosed who he sold the 32M shares? to group of ppl? if to a person, why there is no new subsential shareholder?
3. The company used to disclose the deal amount for each fair , can they start this again??
4. Can they provide location for each stores?
5. Lastly, when when is the sharebuy back start? can we expect extraordinary answer during this time..
newbiestock wrote: fundamentalist, can u summarise in a few sentences what is wrong with the jinjiang tax so I can raise it next monday.
Nope, like I said, any further homework on this counter is not an effective use of my time and since I'm not vested and not interested, I won't bother on it.
Short reply, cuz on overseas business trip. Good luck on your attendance to the results briefing.