Got a price alert that the stock had gone under 80c
i was curious to see what has happened .. Hoping to see that there was a share split 3:1 or 5:1 and congratulate the long term holders.... As I bailed out a long time ago
but ... Nothing ... And I mean nothing !!!
went searching through the asx announcements to make sense of it
they haven't started production in fact they haven't built anything yet ! How is this even possible ?
April 2016 production ... You have to be joking ... Are they building for the Olympics ?
Only 2/3 of the annual production contracted out
they still haven't got 1/3 signed off .. Not sure why they would be doubling production if they haven't got
buyers ... Dr Qin Xiao has left the company ... Not sure where the high level contacts have gone now ?
the interest rate on the short term loan was 15% !!! The primary loan the 80mil is at 11% in the final qtr !
people are dreaming if you expecting dividends ... In fact most people are still thinking its 2012 !
the usual ... Long term hold ... Not long now .. Tightly held ...under the radar...ducks in a line
seriously when will people realise and understand that this level of failure is a sign to flee the stock !!!
Still 60 mill shares to be be issued .... Sorry not a take over target because there is nothing to take over
the Titanic has hit the iceberg you can flee on the life boats or stay in first class and listen to each other's
voices ....get out people!!
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