great advice. i know the history has been questioning the legitimacy of Chinese stocks. But havent the bank accounts been audited ? and what about the due diligence of redbrook before buying 20 % ?
I was a holder when this first listed, sold for a small profit because of the issues regarding chinese listed stocks being the real deal or not.
Many of those stocks have been de-listed, and only a couple remain listed. Does the compliance to the asx standard of reporting over the last 5 years, and auditing suggest that there is a real business and real cash in bank?
Yes, per my mantra, (liars cheats and thieves) is why the fall from 20c to 1c when dividend policy was shown to be a once off. - inso much distrust in general, and a ceo who is set in his ways. Now, is that a curtain for something mischievous ? or just legitimate chinese thinking to retain cash in business ?
But , all things in balance, the price of entry, with a bet, a punt, that redbrook are going to be a catalyst for change.
Its a bet. And a coat tail to follow redbrook motivations. Thats a smoke signal, and you have to ask why.
with the chinese legislation changes drafted for march on allowing profits to follow investments out of the country.? (is that rewards outside investment and allows them to receive profits ?)
WHY WHY WHY redbrook buying near 20%, ????
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