Posted by: ll_ll February 4, 2010
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FF,
Few questions that you have not answered yet and few new ones... (As I have told you, I don't necessarily disagree with everything/ anything you said, just playing the devil's advocate)
1) Institutional buyers generally put their money in their investments in 2-4 quarters. Since the Cantone guys had bought these shares about 3 qtrs ago, shouldn't they have put in their huge investments by now? But still the share prices have steadily declined since then. How do you explain that?
2) I did not listen to their Conference call but the CEO shed any light on how they are going to meet their short term obligation? With 200K CA and ~3MM CL, it seems like a uphill battle. And what is that 164K of other CA in their B/S? ( Mind you most company fail not because they don't have enough asset, its because they are not liquid enough)
3) So, you are saying that these Cantonese now have invested close to 3.8MM in this company. Shouldn't they have a majority stake by now or very close to it? How many shares do they have compared to the outstanding shares?
4) Where did you get the market value of Jade @ 20MM? All I could find was 28MM which is in the books of RPC itself but then again, the company also says "In addition, there can be no assurance that we will ever realize any significant
value from our equity interest in JPI and JJB." Source
5) As you have seen with their Business Plan, almost everything in it is dilutes the earnings. By how much, we have to wait and see. Both how much they want to sell and/or if anyone wants to buy it.
What do you think?
Few questions that you have not answered yet and few new ones... (As I have told you, I don't necessarily disagree with everything/ anything you said, just playing the devil's advocate)
1) Institutional buyers generally put their money in their investments in 2-4 quarters. Since the Cantone guys had bought these shares about 3 qtrs ago, shouldn't they have put in their huge investments by now? But still the share prices have steadily declined since then. How do you explain that?
2) I did not listen to their Conference call but the CEO shed any light on how they are going to meet their short term obligation? With 200K CA and ~3MM CL, it seems like a uphill battle. And what is that 164K of other CA in their B/S? ( Mind you most company fail not because they don't have enough asset, its because they are not liquid enough)
3) So, you are saying that these Cantonese now have invested close to 3.8MM in this company. Shouldn't they have a majority stake by now or very close to it? How many shares do they have compared to the outstanding shares?
4) Where did you get the market value of Jade @ 20MM? All I could find was 28MM which is in the books of RPC itself but then again, the company also says "In addition, there can be no assurance that we will ever realize any significant
value from our equity interest in JPI and JJB." Source
5) As you have seen with their Business Plan, almost everything in it is dilutes the earnings. By how much, we have to wait and see. Both how much they want to sell and/or if anyone wants to buy it.
What do you think?