This post is so bloody spot on, well said! What, people are shocked they play things a bit fast and loose in china? Really? It was a risk that for most was factored into the company for many holders, myself included. China do things a different way..... does that mean its right in the eyes of Australian business practices? no maybe not, but it is a fact of dam life there. Governance concerns are not at the forefront of business there. Their entire system and social class of life is done through side deals and backhanders and the like. This is literally the bedrock of their system. They play things like the wild west, this should not come as a shock to people. Doing business in India will be exactly the same, as it would with Russia, most African nations, the Middle East and so on. As for Kev..,.... he's looking a bit jealous that people don't pay him the same uplikes like they used to when you punted and pumped this stock. Kev.... to criticise the quality of the collective here, from you..... is a bloody stitch up mate. Come on.
As for my views on Shinewing accounting......... HAHAHAHA god dang, I don't think I can add anymore comments that haven't already been said. Well done LM and MP, you're really instilling confidence!!!!! ;P
SPF202's comments on burning bridges in China are also really spot on. I fear the China connection has been well and truly burned. Who will fill this gap? Don't know, big shoes to fill. Those hoping for India, please do yourselves a favour and deeply research how business practices are done there, how their legal and governance system works. It's worse than China IMO.
PET Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
(20min delay)