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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (41983)	3/26/2011 12:48:27 AM
From: Madharry	Respond to of 78702

2. and 3. are very valid questions and i have sent several emails to managment asking them to address those concerns as soon as possible. I really hope they r buying with both fists at this level as i dont believe they can do as well putting that money into the business. they could buy back 10% of their shares using 1/3 of their cash i guess. selling at 8.50 and buying back at 5.50 is a pretty good deal.

To: Spekulatius who wrote (41983)	3/26/2011 11:07:38 AM
From: Grantcw	Respond to of 78702

Hello Clownbuck, I was in GFRE once before which I thought was going to be a long-term holding, but turned into a short-term trade when it ran quickly from 8-10. Anyways, at these levels, I'm very interested again and I'm considering building a position, but no action taken again. In regards to your general question about buybacks, I've noticed that it turns out to be hard for small Chinese companies to really do an effective buyback given 10b-18 volume restrictions. If the volume of a stock is low and there are no block transactions, I think companies are pretty limited in how many shares they can purchase. Volume is picking up though in the last month which might make this easier if they were to look into it again. I mean you never know about a companies financials, I agree. As a CPA and Former Big 6 Auditor, my view is that there's not much that an auditor could do to catch a fraud. But, I think that GFRE is doing a lot to try to prove to the world that it's legit, by getting an internal control assessment and having large auditors. I mean, who knows about GFRE. The stock price is definitely going in the wrong direction, but I think I'm willing to give it enough of the benefit of the doubt at current prices to start another small tracking position. Thanks, Grant

To: Spekulatius who wrote (41983)	3/27/2011 1:39:15 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78702

I don't think there's a point to discuss GFRE or Chinese cos with you. You won't change your mind and your arguments are not changing either. For others though: Why does GFRE not follow up with their stockbuy back announced in Sept 2010. They have 70M$ in cash according to their filing which is more than 1/3 of GFRE's market cap. What the hell are they waiting for. Perhaps they should not have announced the buyback. I am not sure they can transfer money out of China for buyback. From what I understand, transferring money out of the country is pretty difficult for Chinese cos. They definitely have to get government's permission for dividends in foreign currency, pretty sure they have to get permission for outflow/conversion for something like stock buybacks too. And it's not clear how much money they have on US side. That's where US listing is a drawback. They could perhaps buy shares of someone who's selling in China in local currency, but they would need to make a private deal for that.

To: Spekulatius who wrote (41983)	3/27/2011 8:11:49 AM
From: valueminded	Read Replies (1) \| Respond to of 78702

Clownbuck/All: I did some digging and please explain this too me: How did Hap Trading Company, LLC manage to acquire 6.2 million shares in January of this year at 0.13c per share ? Why did they sell about 600,000 shares in February and again 600,000 in March ? Has the company clarified its relationship with HAP, I mean after all, if they acquired that many shares at essentially no cost, seems to me the company had a hand in it ? I noticed another one of HAP's holdings "FEED" another Chinese company they seem to be selling and also which is going down. Do you think HAP is selling for insiders ? This is very suspicious to me. After having been burned on a couple of Chinese companies, I see absolutely nothing but red flags. Just my opinion of course