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(03-01-2014, 09:25 PM)Greenrookie Wrote: (03-01-2014, 09:19 PM)CityFarmer Wrote: Further update on the claim. It seems the claim is "accurate", which was appraised by professional accounting firm.
http://infopub.sgx.com/FileOpen/20140103...eID=269779
Why do I keep getting the feeling that instead of contesting aggressively or trying to solve the problem, foreland is more comfortable allowing the compensation to take place?
Yes, I do have a similar feel...
(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Seems like the contract has such big loopholes that all downstream customers' revenue whether it can be realised or not somehow ended up being guaranteed by Foreland. That is really generous of Foreland for its customers but is really bad for business.
Whether it is an pure oversight or not it definitely sounded bad for investors of Foreland and it may be badly hit when the market next open.
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When it was at 3c , i told my fr, but she said it is already to o low to cut. Nw i think it is even lower.
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Sorry, i forgot to add that i think we should just give s-chip a miss, irrespective how good the fundamental appear. Look at Erata. Wonder which counter next? But it is still one preference. Good luck.
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A new example for the rest of s-chips to get money out.
wonder what SGX will do.
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In the end they still pay and the delay give another excuse for a further interest penalty of RMB 7.7mil. ID gave up. Really bad.
Can SGX actually do anything? Think not.
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what a way to go... ...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!