Kuang-Chi appears to have a lot of financial reserves, now becoming active in Israel. Having moved from MJP's cornerstome to MJP's majority shareholder, they are the last hope for the remaining MJP shareholders. Worldwide media continues to report that at least 200 jetpack orders have been taken (despite MJP's denial) and I don't care if they are from Chinese customers and if the entire production will be shifted to the ROC. Chinese manufacturing has come a long way and will improve even further in a rapid fashion. I have visited Shanghai about 15 years ago and again last year and I was amazed about the very obvious changes. An amazing airport, a fast train (first commercially operated high speed magnetic levitation line in the world) etc., whilst we have such sad and rapidly ageing infrastructure in our region. My last hope is with Kuang-Chi, whilst MJP Christchurch are doing their own thing(s), whatever that may be.
MJP Price at posting:
43.5¢ Sentiment: Sell Disclosure: Held
