Naibu Global International Company - Re: NBU Stream Log - I’ve recently bought some shares...

Live Discuss Polls Ratings
View
Page
13:29 11/07/2014

I’ve recently bought some shares and plan to buy some more next week (easy in, easy out - though i note the price is moving up from it’s lows). Is there fraud going on at this company? Is Money being ‘ loaned’ out to relatives? Are earnings and cash overstated? Is there mismanagement ( 17m ‘spunked’ on a factory that is now not needed)? TICK, TICK, TICK and TICK. The question is though how accurately is the fraud priced in and can they keep paying the dividend? I imagine the divi is why anyone is here. Any investment in Naibu is rightly described as ‘ mad money’ and should be small. I can only hope that having kept the wheels on this wreck for over 10 years management will be able to continue doing so, particular in light of the growing consumer base in China. I found a useful read on aimchaos and stockapedia-orangetree and anyone wishing to buy these shares should read them, preferrably with a stiff drink. Does anyone know for sure what the free float for Naibu is ? I have seen from some sources that it is about 50% but is there some shell investment company that holds sufficient shares on behalf of Naibu to enable it to delist?

Page