CHINA FIBRETECH . A multi-bagger you can't ignore

Hi Shark, I think the shareholders have already asked the auditor at the AGM.
Right now the issue is even if there is really RMB 438m in the cash balance and the management has NO intention of distributing some cash back to the shareholders, we are also at the dead end.
Who wins? Management cum major shareholder wins!
 
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[shArk 29-05-2012]:

Did anyone ask China Fibretech auditors how they check the Rmb 438m cash balances?

Hi, Prehaps, company should show bank statement to confirm available cash on hand. auditor to verify and confirm the genuine cash. SGX should consider adopting this practise. No way for company to window-dress the cash on hand.

Hi Colin, I am sure the auditors would have gone to the bank to conduct bank confirmation.
The key issue is even the cash is real, so what?  It is akin to you having millions in your bank vault but you are not giving out any single cent to your children while your children are asking "Papa, give me some money."  You just wont budge and you continue to have your high life.  
So what can the children do?
 
 
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[colincheong 29-05-2012]:
Hi, Prehaps, company should show bank statement to confirm available cash on hand. auditor to verify and confirm the genuine cash. SGX should consider adopting this practise. No way for company to window-dress the cash on hand.

Lisa, what 'high life' has papa Fibretech been up to?

viviene, any life better than mine is considered high life.
I eat 菜饭 most of the time, cos my $$$ is stuck with CFT.

 

chinafibre hit bottom at 3c , pretty sure about that . at NAV 22.3 c . It shouldn't be too difficult just to hit 50% of NAV ?