Qingmei Group Holdings

[Stockerman]

Shorted another 500 lots

Greek contagion is spreading...Spain in recession...

[shanrui_91]

Shorted another 500 lots

Greek contagion is spreading...Spain in recession...

there will still be minor rebound in-between and if the speculator and traders decide to play Qingmei up, you will face margin call. There's also the danger that they have real cash and they decide to do a share-buyback finally. Either way, it is still very dangerous to short such penny stock.

[freedom]

Shorted another 500 lots

Greek contagion is spreading...Spain in recession...

brave soul.

even if it is fraud, it can be suspended for years. But the years, you are still obliged to pay interest in borrowed shares.

[Stockerman]

today is Friday...
Weekend - lots of uncertainty...

every sole makers in china is facing excessive inventory issue.. in their rush to pump out to distribution channels, the unit price will drop. Qingmei will be hit very badly..its cash reserve will be gone in a few quarters. Let's have a bet!
In my own view, this counter is not even worth 5 cents

Hope to see 6 cents at end of today...
Shorted Ausgroup too

Shorted another 500 lots

Greek contagion is spreading...Spain in recession...

brave soul.

even if it is fraud, it can be suspended for years. But the years, you are still obliged to pay interest in borrowed shares.

[peterlynch]

http://www.tremeritus.com/2012/05/17/fak...d-scandal/


every thing can be FAKED over there ....
money laundering via property investment, casino, .....stock listing??

qingmei is a well known shoe sole maker in Fujian. There are real factories and real workers. I will ask my friend to take a picture of the factory with himself and that day's newspaper. but it will be in 5-6 weeks' time.

[d.o.g.]

There are real factories and real workers. I will ask my friend to take a picture of the factory with himself and that day's newspaper. but it will be in 5-6 weeks' time.

He needs to get a picture with the superheroes working there too. Superman, Wonder Woman, the Hulk etc. We're not picky - any one superhero will do.

For the clueless: refer to my previous posts in this thread on Qingmei's worker productivity.

[peterlynch]

haha, ok will get Captain China. and yes i have read your earlier post.

[Stockerman]

I quote the following para in Edge Mag related to some remarks made by Geoinvesting on companies in China..

"....we came back (from China) with just rocked us to the core. Fraud was pervasive and out in the open. We would ask our investigators to go visit a facility and they found it wasnt operating. i was shocked...."

**********
Edge's article on Qingmei...

think CEO was appearing too defensive?

[sgpunter]

Stockerman, possible to get the whole article? I didn't manage to read it.

[ValueBeliever]

Another fraud coming up! 1st the let go of confession, then there will be lost of confidence in market.
SGX will always be tempted to list S chip. It's their mandate to grow business but it is doing it at it's own demise.

SGX wake up! Confess to your shortsightedness and revamp ID roles as the last line of defense in case of crisis they must stay on to champion the rights of shareholders. Otherwise SGX please privatise yourself or transfer the regulatory function out. SGX role is contradictory.

There are now so many S chip suspended and SGX no longer has the ability to handle anymore of these case. For shldrs that are stuck. Its another case of CLOB saga, but in this case, there is no end to the ordeal.

If you have traded in GaoXian, see how fast the operator move in the KDX listing! Overnight, the money on both sides is gone! Imagine even KDX couldnt do anything about it!