UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
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
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
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.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.