Three reasons why this rebound is sustainable. 1. Quarterly earning will be announced in the next weeks. 2. There will be a dividend payout this time. 3. Xinquan has bottom up. Good luck guys.
Is self proclaimed Super Investor ready to face a total loss?? Where is his cousin, one of the founder of the Auditors S J Grant Thornton and also his son, now the senior partner?
Two pertinent issues that are mind-boggling for this counter.
1. A China National named Mr. Xie Zhidong has on 15/05/2014 subscribed 30,733,000 Xinquan shares via private placement. The price Mr. Xie Zhidong paid was RM1.00 per share. Note: 30,733,000 shares are equivalent to 10% of the total outstanding Xinquan shares. Xinquan is in a Net Cash position, with >RM500 mil cash (far greater than its market cap). http://www.bursamalaysia.com/market/listed-companies/research-repository/research-reports#/?counter=5155&cbrs=all. Why cash is raised when Xinquan is already sitting on cash piles?
XINQUAN: A CASE STUDY FOR IMPACTS FOR THE RECEIPT OF FREE WARRANTS
Say an investor purchased 10k shares of xinquan at RM0.960 pre-free-warrant periods. After the ex-date, he will receive 5k free shares of xinquan-wa. Let's see how his investment has performed:
Pre Ex-date for free warrants 10k shares Xinquan @ 0.96, i.e. RM9,600.00 Investment Cost: RM9,600.00
Post Ex-date for free warrants (based on today values) 10k shares Xinquan @ 0.590, i.e. RM5,900.00 5k shares Xinquan-wa @ 0.14, i.e. RM700.00 Net value for his investment in Xinquan now is at RM6,600.00
Hence, the losses resulted is RM3,000.00 or 31.25%.
u can study to the most of the China listed company here. likes XDL, China Ouhua, HB Global, Msports Holding, China Stationaty & etc... for your reference!
If Koon YY's cousin/nephew is the founder of auditors S J Grant Thornton and also his son, now the senior partner in the firm is still the Auditor on record for Xinquan, I don't see what is the qualm about this RM500m may not be there
I may not trust those Chinese nationals who have swindled Msports etc, but I have no problem putting my money in Xinquan if the auditors are still Malaysian, more so KYY's relatives are onboard
naughtygirl, hahaha, don't make me laugh .... Think logically, A conman only need a few minutes to withdraw cash from bank by hand, by TT, by internet etc... and abscond to nowhere on this planet. What can the auditor (wherever f*ck they are in, Malaysia, China, US ..) do ? ? By time they discover in the next audit, the conman already run away with the money and leaving minority shareholders crying until no tears !!
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
cpng
1,575 posts
Posted by cpng > 2014-07-03 11:03 | Report Abuse
我最讨厌的人。。做婊子还要立贞操坊。。
Trading for living is no wrong.
Why act like an good old investment guru??
Why lure innocent retailers ???