UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
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
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
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?"

MCRich
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

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Berkshire Hathaway

IBM: Is Buffett Wrong, or Brilliant?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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.
Advertisement