(13-03-2016, 10:50 AM)Young Investor Wrote: [ -> ]Bluekelah
If you have read Newman9 report, and compare with what actually have taken place you will know that he is not credible.
His said that "Based on our extensive research, we have come to a view that published financials have been materially misrepresented." and "Tighter listing requirements and tepid investor demand are already causing Hong Kong listing plans to be abandoned at other companies. Notably, sponsors now face criminal liability if misstatements are found in the prospectus."
It is clear by now that the IPO sponsors have completed their work.
Newman9 also said " Garden Fresh does not appear in the top 23 of Euromonitor data or the top 13 of Nielsen data, which is as far as either company breaks out the data."
Now Euromonitor has covered loquat juice and the survey results confirm the scale of Garden Fresh.
You are questioning the motive of Crubs by saying that " I also find it odd that crubs has only posted on Sino Grandness thread since joining as a member in april last year."
It is unbecoming to question his motive. I can also say that you have commented on many companies, and I doubt you know much about them.
I can also question you motive in surfacing Newman9 report.
Feel free to question my motives
Not the first time, wont be the last time.
So long its within the forum rules and does not constitute name calling or a direct attack then no problem
Oh and I have no motive other than to point out data I come across and share. just found it on a quick google online and just post. Sometimes may be favourable sometimes may be not, but usually unfavourable data gets more "instant" response and unhappy responses. and since I have only been seeing favourable data, its prudent to share some unfavourable data.
never heard of newman9 till today.
yep i have commented on many companies but I also have looked at all their available balance sheets and basical fundamental data before putting in my comments and "biased" views which often times have turned out to be right. so there you go.
Fair enough at least your tone is cordial. However you attached the link to Newman9's report and you have not heard of him?!
(13-03-2016, 11:53 AM)Bluechipfan Wrote: [ -> ]Fair enough at least your tone is cordial. However you attached the link to Newman9's report and you have not heard of him?!
Nope i have only heard of muddy waters and iceberg which were discussing on Noble
Newman9 is a new to me, I have not been too interested in joining in the sino G discussion other than last year posting on health benefits of loquat drinks. But when I see it as top popular thread everyday posting only bullish posts by some new people on the forum I am always keen to post something on the other side of the story.
Well let's see if the IPO goes ahead and if the CBs get paid back, or if everything just crash and burns for this stock, or maybe like OSIM , the thais or someone G.O. and delist the stock.
Bluekelah
You say "never heard of newman9 till today."
You also say "Newman9 is a new to me"
The link you posted yesterday has the full report, and the author of the report is Newman9.
You did not read the report?
Do you want to read the report now?
Your points about Crubs and Oldman9 are unbecoming.
(13-03-2016, 10:58 AM)BlueKelah Wrote: [ -> ] (13-03-2016, 10:10 AM)Bluechipfan Wrote: [ -> ]I believe all those vested in SG knew all about newman9. The report sought to drive down the price of SG and like it or not, it worked. All done and dusted and newman9 already benefited. Question is who is newman9 and the gain was at the expense of who? We all know the answers. No point reignite another round of debate. You not vested good, those with faith so far so good. This is not to say invest in SG is risk free, far from it. But please don't perceive those who vested as ignorant fool. Also, what's the point of casting aspersion on crubs? Are you implying he is bias? Just take a look at your signature, isn't you bias with everything that has got to do with Tiong Kok?
BCF: TBH I have never heard of newman9 and funny you should mention newman9, we have an oldman9 here which also surprisingly to me was create a month before crubs account was in march last year and has only posted in SinoGrandness thread as well.
As usual my intention is misunderstood, I am not trying to cast aspersion on crubs, I would never do that to any genuine forummer who has joined this forum. Hoever since you mentioned it I am saying crubs and now oldman9 are suspicious accounts that very likely could have been created for the sole purpose of posting in forums and influencing public opinions in forums. Hopefully CF and other moderators have picked up on this and are checking the login IPs, though it can be difficult to find if the poster is more highly sophisticated. We have had a few accounts banned these couple years and the pattern is the same, they post bullish post everday, citing the same bullish argument every time.
Of course it doesn't affect the more experienced value investors on valuebuddies who will remain not vested, but still post negative posts on companies like SG, as and when we see what we consider red flags, which are the risks, which we think should be mentioned as well.
so does it mean that if i or anyone join about the same time as crubbs or oldman9, we are all the same person? lol. nice try.
Posting factual red flags are welcomed. You are not the first and certainly not the last. But where are they now? As oldman9 said, Sino has proven each one of them wrong time after time.
Relax dudes. As long as share prices keeps shooting up, shareholders should be happy. What is most important afterall is money in the pocket. Let the results speak for itself. Give Sino G few months more and look back at older posts and see who are the jokers
Let's
concentrate on the topic, not persons anymore. Focusing on persons tends to end up in name calling and this is not good.
Thanks for the cooperation.
So far, developments in Sino Grandness have been so good.
Forumers may want to take a look at an article just published at NextInsight.net :
http://nextinsight.net/index.php/story-a...iary-s-ipo
<not vested>
As said before, I am no longer short but still convinced that this is an eventual $0 for the current common stock holders. On the other hand, I was catching up several write up in the blogosphere - finding new ideas, and I found something interesting.
http://quinzedix.blogspot.com/2013/06/co...inued.html
Comments section:
"
I’m familiar with Sino Grandness (and China Minzhong, too). I understand the risk side of the risk/reward case but I'm not sure I understand the reward side. From my perspective, the value is in loquats-as-a-drink not in the company; in the long run it's a commodity product with commodity returns.
I also don't like the implications of its GS financing: it's the worst possible way to raise money. If the beverage segment (whose name I've forgotten) doesn't list in HK, where in the world are they going to get the money for to pay back the exchangeable notes? GS, it seems to me, is interesting in acquiring the company's assets and selling them on to a bigger player. I think the idea that GS had done its due diligence, and that therefore this company is what the longs hope it is, is far too optimistic."
At least he didnt yell fraud.