Tianmei IPO, page-139

  1. 1,163 Posts.
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    It's an interesting development but I'm not quite sure I could call it the last nail in the coffin yet. From memory they are spending over $20mil of the $40mil cash this quarter on advertising and raw materials purchases. The stock price is relatively high compared to the rest of its listed life. And that of course is a good time to raise funds. Seems explainable to me. But we will see...
 
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