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Author: MazonCreekRich Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1656  
Subject: Yikes! CMGHF Traded at $0.02 Today! Date: 12/6/2011 4:20 PM
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CMGHF traded at $0.02 for a while today and closed at $0.05. This seems to be bankruptcy/total fraud pricing.

Reviewing this board, it appears that there are many problems with Chaoda, but also it appears that those problems do not amount, even in the aggregate, to a bankruptcy/zero value scenario.

Maybe the very low price includes a large effect due to the halting of trading in Hong Kong, leaving only the small reservoir of pink sheet shares to absorb panicked selling?

Or maybe this is an "avoid-at-all-costs" scenario?

Anyway, I am thinking of seeing if I can buy a little bit at these low prices, but wondered if anyone else has any thoughts.

I.e., is this stock potentially "pay dirt," or is it just "night soil?"

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