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Author: kidchicago2 Big red star, 1000 posts Old School Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1656  
Subject: Re: Yikes! CMGHF Traded at $0.02 Today! Date: 12/7/2011 9:36 AM
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At some point I saw the price at 5 cents and thought it was a disaster, then realized that only $6,000 in shares had traded hands. It's a small number of shareholders selling at any price. But yes, the price keeps dropping and dropping.

December 8 is the next key date. If the company has audited financials by then, they will be considered and presumably approved at the next annual meeting on December 30. If not, then who know when, or if, we will get results.

The trading halt was supposedly due to the insider trading allegations, but it seemed obvious at the time, and is crystal clear now, that the company's shares won't trade again in HK until the fraud allegations are cleared up.

Bottom line: we have zero visibility into what's happening with this company. For $1,000, you can place what could be a very profitable bet. Or just lose another $1,000. There's no way to predict which it will be.
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