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RE Delisting. Don't want to tempt fate and correct me if i am wrong but i understand that naibu is approx 50% free float and you need 75% to delist. It's the guys who own Camkids that need to worry. Not that we haven't got enough worries.
having failed to reduce production costs, they will now presumably have to spend on advertising and promos. That's just money out.
does it cost more to build a factory or to buy a new one? May be they'll make some money on this fiasco.
i think a better line from Starwars (than i've got a bad feeling about this) would be (and i misquote), 'if this is an ambassador's ship where is the ambassador'?
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?
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