SBB has re $25 million in cash and its mkt cap is sub $7million.
Sound too good to be true, correct.
Many people have lost dough on this pariah including me.
One of those chinese companies listed in aus
One reason why they do this is i read that they pay less tax doing this but i havnt verified
Some think the cash if it really does exist is a pool used by many chinese business listed overseas to dangle like a carrot and suck punters in.
I believe it has never paid a dividend and never will
Great half year report just out, yeah right, tui.
If you think someones got to win lotto why not me , this company is the ticket for you.
sadly there are rinse and repeat new suckers on H/C who believe in the company and dig in and denigrate posters who try to warn them, human nature is weird ehh.
This is my experience and opinion.
Last edited by Joshuatree; 20-10-2018 at 01:47 PM.
to suck in people: do they artificially lower the price selling to themselves?
Maybe, they are good at playing the long game and finally taking over the co for a pittance. When it listed nearly all the chinese holders immediately dumped their shares on mkt at any price. The interest rate the company receives on its virtual "cash pile of re $29 million" is about 00.03%.
Last edited by Joshuatree; 02-11-2018 at 10:02 AM.
Bookmarks