CHINA FIBRETECH

btw where did you got the info from?

chinsoonyuen wrote: btw where did you got the info from?

I saw that some China companies dealing in the same industry have posted higher turnover and profit this year.. there is reversal in their industry

i recomend you to was channel 809 CBN. It is the China equivalent of CNBC of USA, Channel 707.

chinsoonyuen wrote: i recomend you to was channel 809 CBN. It is the China equivalent of CNBC of USA, Channel 707.

What to watch on this channel? I m not Chinese btw

erelation wrote: Hi Greenrookie,

3 to 5% interest yield is quite common in China even on 30 days basis. If it is the case of 1.9 million for 400 million that is less than 0.5% return???

Personally i think many of the information give here are facts given that

1) The CFO really have left the company.

2) There is no dividend declared despite the 400 mil cash

3) Ton of money sitting in the bank, not deployed and not properly utilized, leaving in the bank with close to zero return while we have high inflation rate in China.

4) While we do not say that there is any unlawful activities, it is clearly the case that management is not performing up to expectation.

Regards
erelation

To erelation & NAVA: The stock price has been moving from strength to strength since the AGM. Do you have any updated views on the stock (now 6.3 cents)? I climbed on the bandwagon liao.

Probabaly good news on the way as I hv given an analysis in my last posting that the fundamentals are strong including better operational profit with new big customers added.

The Big Boys probably want to ride the fundamental

Boss has mentioned during the last AGM group is expected to perform better with for at least 3 years assured of profitability. That's a sweeping statement from the boss