Ron,
Being a shareholder of DSLWF, I have enjoyed reading your posts. However, I believe that you jumped too quickly to blame Chinese government regarding the recent event at AEHCF. If things like this were to happen in North America, one would think that it is possible for company CEO to have committed a crime. [As seen in the case of Centenial, Bre-X, and the currently unfolding story in Cendant.] In that case investors would like to see those CEOs in jail. When other countries are involved, why can not we use our intelligence and wisdom and give others the benefit of doubt?
As for Barrington, what can we expect them to say?
Back to AEHCF, I read their information package. I like their business. However, two things turned me off. A) It was a state-owned business. However, after the IPO in the Nasdaq market, Mr. Du owns more than 50% of the company -- I did not and I still do not understand why, B) At one time, Mr. Du's net worth is more than $50M USD. This is in a country where a full professor in a good university has an annual salary of $4000USD.
Steven |
