Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Yep, that figure is right. For some reason they don't get updated quarterly feeds on a lot Chinese stocks anymore at Yahoo, but you can verify that figure using the quarterly number for cash from the balance sheet number on google finance.

This company has been slammed with a massive misinformation campaign. It's perhaps relevant that you are NOT buying a company with much operational performance - but just from an assets perspective it's really cheap.

Other drawbacks are that the company has dual classes of shares making an unwanted takeover impossible. The supervoting shares make the XFL parent's stake count for 20%-30% of the equity but some 80% of the voting.

But the Shelly Singhal nonsense that got this whole show started was just that - nonsense- and the fellow has been cleared of the charges that were levied against him.

I have put this into my column of too much short selling money chasing too few good ideas. I am not sure what they are counting on here. Perhaps they think that they'll be able to water the stock into a negative range?
Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.