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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (42219)	4/8/2011 10:14:07 PM
From: Spekulatius	Read Replies (1) of 78710

>>Now I dont know what the law is in china about pilfering from a company that you manage, but I can see a bunch of lawsuits and may be a couple of public executions over this one.<< Executions won't happen in this case. As far as Chinese law is concerned, this is a private company not a public ones. Shareholders in the US can sues the empty holding company in the US or the shell company in in the Virgin Island. There is no extradition treaty between US and China so I don't think that would go anywhere. FWIW, this bugger still trades at 6$/share - the business sounds already fishy - i never even heard about a coal washing industry before. Coal is typically washed in and industrial sprayer right out of the conveyor coming from the mine. it does not make sense to move coal for such a simple operation from one company to the other, imo.

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