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?
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