one4all
10 Aug 2015
so here is the scam at last 3 distributors are being repaid 280mill rmb... for the stock that they hold.. hmmm lets look at thatthey also state that those distributors represent 17% of the company's turnover.so last year turnover was 1.16bill rmb. so that would mean that those distributors would have account for about 200mii rmb in turnover, so Camkids are trying miake us believe that these distributors are holding 15 months worth of stock.. now I have a little experience in retail and have never ever held more than 4 months worth of stock.. oh and they also need to repay them 70mill rmb for the pleaseure of soiling this stoick and not selling it... cash balance was 350mill rmb ,,,now zero.. good bye and good luck allanother NBU by another method
Frankers70
10 Aug 2015
Don't get it... Buying back stock off distributors, paying compensation and giving clothes away. Relaxing credit arrangements with suppliers on top and well we're now at 8p. It's a shame these lot aren't selling fruit and veg as we could have got some value by throwing it at the BoD's. How frustrating.
Orchard Gate
19 Jun 2015
Re: Investor Conference Call Be assured if I ever act of one of your tips, I'll be doing the opposite of whatever you recommend because you're clueless.
LoadsaDosh2
18 Jun 2015
Re: Investor Conference Call "(CamKid lawyers know how to reach me if they don't like me saying that)"I promise to come and visit you up in jail OG; might even give you a share tip heh heh.
Orchard Gate
12 Jun 2015
Re: Investor Conference Call You can look at it this way: it might be a fraud (value zero, lose the lot); it might not be a fraud (most people won't believe that (value upside limited). Given that asymmetric risk/reward profile, why would anyone buy?I can't say either way but given the recent history with naibu and a number of others I'm more inclined to think it probably is a scam (CamKid lawyers know how to reach me if they don't like me saying that).
Frankers70
11 Jun 2015
Re: Investor Conference Call Yeah, all I took away was that "the Chinese market is tough" and seemingly it ain't gonna get any better any time soon. Other than that, it was an exercise in waffle to satisfy some sort of AIM regulatory requirement. I actually logged into the call and there were only 22 other people on the call so no one was really that bothered anyway. Overall, there are better opportunities out there with less risk and clearer more convincing company strategies. As ever, GLA...
LoadsaDosh2
11 Jun 2015
Investor Conference Call [link] great shakes then. Market not convinced. I wish someone had asked why the directors were not buying shares themselves at the 'significantly undervalued' price? They would make a killing and convince everyone that it is not a fraud.... unless of course it is.
Orchard Gate
29 May 2015
Gunn-ing for AiM Interesting letter in the FT today from John Gunn (ex CEO of B&C amongst other claims to fame). I'm not sure I completely buy it - if an geezer like me can see (as I did) that all these China AiM listings were likely to be frauds shouldn't a big multi millionaire businessman like him not have been able to do so but anyway here's what he says Sir, As a meaningful shareholder and (smaller) loan-note holder in Sorbic, I read Patti Waldmeir’s article (Notebook, May 27) with great interest. This is indeed a terrible state of affairs, whereby the system created to give reasonable protection to shareholders of Aim-listed companies has failed completely. The Aim arm of the London Stock Exchange has allowed so many flaky Chinese companies, where corporate governance is seemingly an unknown concept, to list in London. What information on Chinese executives holding corporate seals and licences, and therefore total control over the companies’ finances, was given by nominated advisers (nomads) and brokers? Precious little I think. Is the lack of action (by the London Stock Exchange) on these many scandals the result of brushing a problem under the carpet so as not to annoy the Chinese authorities or a fear of putting off further lucrative Chinese IPOs (with big fees for the LSE), or a combination of both? I have been pressing the company for some time to come clean on this affair. Now, with your assistance, it has. However, the biggest scandal is the complete lack of protection for shareholders under Aim rules at all stages in the life of such companies. Compensation from the LSE, nomads and brokers is surely due? John Gunn London W8, UK
Orchard Gate
23 May 2015
another Chinese fraud Joyou - a Chinese affiliate of German bathroom manufacturer Grohe and listed on the Frankfurt exchange - has collapsed from record highs a week ago to 0, pending bankruptcy, after admitting balance sheet manipulation.It was supposedly a 'real company' with over 4000 employees which had a market value of over £350m at the start of the week. Except it was all a massive fraud and it is in reality worth nothing.
LoadsaDosh2
15 May 2015
Re: This dog Ha ha, living in the past OG, I have been out of this since the NBU fiasco. This looks very similar and as you very well know, I rate it a sell.
Orchard Gate
15 May 2015
Re: This dog "eventually reality will kick in and this will be 120p+" LoadsaDosh2 29 July 2014I beg to differ.
forwardloop
14 May 2015
info Share prophets blog apparently reported on DAN site[link]
LoadsaDosh2
14 May 2015
Re: Where's Simon Thompson (Investor's C... uh huh
Orchard Gate
14 May 2015
Re: This dog Hopes springs eternal, eh. What about the other options: the cash doesn't exist or the directors nick it? We've seen both with two other Chinese AIM companies in the last few weeks.
nk1999
14 May 2015
This dog There seems to be life in this dog of a share yet? With "reported" cash balance much higher than current price will the promoters take it private, or declare a dividend to gain some credibility?nk
