The Motley Fool Discussion Boards
International Investing / China Connection
|Subject: Re: Research in SH||Date: 9/13/2011 11:09 PM|
|Author: DCWD40||Number: 3412 of 3435|
Problem with FEED?
Goldfarb Branham LLP is investigating whether the board of directors of AgFeed Industries (NASDAQ:FEED - News) violated shareholder protection laws by issuing allegedly distorted statements and omitting relevant information to artificially inflate the company’s worth. Concerned investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or firstname.lastname@example.org about their rights and remedies.
“Following promising assurances by Chairman and CEO John Stadler, AgFeed issued a release on August 2, 2011 detailing a $17 million loss which has caused shares to fall nearly 40%,” securities lawyer Hamilton Lindley said. “Our proposed shareholder lawsuit will ensure that the company place proper internal controls to police deceptive behavior and to reinforce the company’s profitability for shareholders.”
The stock is now $.85 a share. I do not have a lot of money in this but am watching US pork prices to see if this company has what it takes to make its Chinese investments. Without profitable US operations, and now they have retail brands to get right, the funding for China is not here...
Still interested in a feet-on-the-ground look from China...
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