Way I see it T is he didn't resign his position because he wanted to. He is vested big time. He is faced with a BS report.. think Maquarie Bank/GXY but way worse mysteriously coinciding with an unbelievable short spike and a report that Qin can't sue in defamation because of the screwed up US First Amendment as mentioned. The sheisters that published the report are a new breed...of institutional tree shakers. Like I said google it coz' I'm phone typing and it's a pain. All over our board as well and contrary to limp anchovie's biased assertions. That's why I asked your position.
Now CEO can't do much to protect his 13 odd percent holding if he's acting due to ASX conflicts of interest. What choice have you got? You do exactly what he did when some dipshit toilet paper publication pretending to have insights and values your Co at zero....yeah zero!..while your asset is what less than 2 years from maturing...you go out and you look for a buyer either as a cornerstone or for a T/O. If former you get your old job back...if latter you look after the longs with a nice premium T/O and you still get your old job back win/win.
Have to admit...I was taken aback initially but I got a mate who happens to be a leading tax and Co lawyer who deals with this kinda of stuff daily and ran the scenario past him. He researched and concluded it's a nice play and he's vested as well now.
Here's a capture of Shortman's 12 month graph FYI and link thereafter.
So DYOR and all IMO.
This is my palm reading and suggest everyone get their own read...Mr Market will tell us the outcome sooner or later and I'm definitely not here to persuade anyone on how to spend their hard earned bucks.
What I do loathe is treeshakers that cause individuals to drop cheap shares...it's reprehensible...low...and insulting to the intelligence. In other words to gain at the expense of retailers. And I don't comment on a board unless I'm vested or scoping an entry and have a query...although I might modify that rule for a certsin tea lady!
No problems with shorting if you have a legit feel...but scaremongering? Big no no in my books...it's hard enough on retailers already...the stench of further scaremongering doesn't cut it for me. That's the way it is and that's the way it stays just in case anyone was wondering...and I will call BS when I see it. Know I appreciatte it when I see others doing same. Substantive contrarian? all good. Scare tactics?...it's feeding time!
Soooo...just my view and expect each to their own! Like I said I keep an open profile...nothing to hide and always in good conscience...take it or leave it!
No probs with swing trades either.
http://www.shortman.com.au/stock?q=QIN
