China Direct, Inc. - Building a Portfolio of Emerging Chines Message Board

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Strategies & Market Trends : China Direct, Inc. - Building a Portfolio of Emerging Chines

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To: Torah Wolfe who wrote (1)	4/8/2008 8:50:09 PM
From: Rock_nj	Read Replies (1) of 8

Looks like tomorrow might be a down day for CDS. They must be using the proceeds to buy stakes in more companies because they don't have debt to pay off and don't need the money for operations. In the short run this should hurt the stock. 6:19PM China Direct files $47.2 mln securities shelf offering in an S-3 (CDS) 9.05 +0.30 : Co files to sell 3,368,374 shares at $8.25 and 2,405,000 at $8.00

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