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Started: testpack3, 3 Nov 2015 15:33
Last post: testpack3, 3 Nov 2015 15:33
Is regulatory since 1 month has elapsed from resignations. However,, AIM was the vehicle to trade the shares. Although not traded, shareholders still own whatever assets the co has. Zhang will have to appoint administrators to wind up the co, if the co is not a going concern. The website appears to have been shut down and that itself says 'lights out'. Zhang went a long way to explain where 'the cash' is going, but it did not account for all of the alleged cash. After 'paying off' the distributors, and 'helping' new distributors with purchases, there is still alleged cash of £15M. If this cash is there ( remember this all hypothetical), for Zhang ( with 75% of shares) to get his hands on it, would have to re-list co ( in China?) to return assets to S/H. In any event, co. will have to provide audit on where cash has gone and file for bankruptcy. All this is assuming that .someone can extricate him from the opium den, or perhaps he's busy counting the returned stock from failed distributors, and jimminy cricket, there's a lot of that. lol. All IMHO of course.
Started: rsitup, 30 Oct 2015 09:14
Last post: rsitup, 30 Oct 2015 09:14
RNS on iii not on here Lights out , thats it Money down the toilet
Started: testpack3, 2 Oct 2015 17:02
Last post: testpack3, 2 Oct 2015 17:02
With all the 'goings-on', I think Zhang has taken to the Opium Den. In the Financial Summary of the Half Yearly Report, the last insertion is the cash balance at end June of £45.6M, which he states is 1.0p per share. Obviously incorrect with c77M shares in issue, and should read c58p ps. Later in the report he states EBT of c£700K, or 1.0p per share. In the Outlook statement, he refers to the new agreement with Disney in using their brand for new lines. He finishes his outlook by saying he views the future with some confidence!!!!! I fear he will need more than The Wizard of Oz to extricate the company from this self inflicted dire shamble. He's going down with the ship, his hands firmly clenching the wheel, while the officers have abandoned the vessel, and in the clarity of his thought he has decided to pay the on-board entertainment to leave the ship, and as the waves engulf the wheelhouse, he is gurgling his last words - ' I think we will be ok' One final thought, probably the 3 distributors being paid off for failure are his mother, father, and a sibling? Hope he owes the Triad money.
Last post: Rhambo, 29 Sep 2015 12:33
Game over.
Started: jollyspeculator, 17 Sep 2015 19:09
Last post: jollyspeculator, 17 Sep 2015 19:09
off it
Started: bbr391, 10 Sep 2015 16:17
Last post: bbr391, 10 Sep 2015 16:17
Slowly , the fun cometh . And May
Started: jollyspeculator, 9 Sep 2015 12:41
Last post: jollyspeculator, 9 Sep 2015 12:41
i had hoped 4 better
Started: bbr391, 27 Aug 2015 23:28
Last post: bbr391, 27 Aug 2015 23:28
Could be fun pretty soon . Good luck And May
Started: bbr391, 26 Aug 2015 17:49
Last post: bbr391, 26 Aug 2015 17:49
Continues . Almost as bad as this company performs. Target £40 million MCAP . And May
This lot have £40 million cash this is a good buy . Giving away $8 million is great publicity , for any company . Yet highly illogical for such an underperforming minnow . Brave and foolhardy only need apply . Perhaps the latest news from Sorbic has changed my opinion . And May
Started: jollyspeculator, 12 Aug 2015 12:46
Last post: legobrickgirl, 14 Aug 2015 09:59
Can't say there are too many management in AIM that are out to thrill. At least genuine ones.
yuk yuk......like moths to a flame us suckers were ...good lesson to even the seasoned: it is all about management...and the management here ain't the type that thrills lol
Started: tradingstock247, 11 Aug 2015 14:27
Last post: tradingstock247, 11 Aug 2015 14:27
Started: jollyspeculator, 11 Aug 2015 01:38
Last post: BlueDealer, 11 Aug 2015 13:07
In Asian Takeover news...the DT spots a potential new buyer for CAMK... http://www.telegraph.co.uk/news/picturegalleries/worldnews/10521123/Kim-Jong-un-in-pictures-The-bizarre-photoshoots-of-North-Koreas-leader.html?frame=3171928
no...not burned ...lost a few hundred pounds
Started: sonofelvis, 11 Aug 2015 12:16
Last post: sonofelvis, 11 Aug 2015 12:16
Nearly bought this ages ago on IC article. Balance Sheet shows only £4m stock supporting £100 m sales which is unbelievably low. Also debtors of £40m i.e.about 5 months sales; so a lot of sales on really extended credit. The fundamental column shows nearly 100% yield which make Greek bonds look a bargain.As a qualified accountant I have never heard of a company giving away £8m of stock to poor children. Surely the AIM board should tighten the rules a lot to stop this daylight fraud.
Started: LordSnooty, 11 Aug 2015 09:55
Last post: LordSnooty, 11 Aug 2015 09:55
of sarcastic writing by Winnifrith. An extract: "“Notwithstanding this, the board believes that replacing the outgoing distributors is necessary and acquiring all of their remaining Camkids inventory will ensure that this is not sold in such a way as to damage the Camkids brand.” Haha, stop it now. “The group also intends to repurchase approximately RMB80 million of inventory from its remaining distributors. In keeping with its social responsibility practice in previous years, this inventory will be donated to children in poorer areas of China. The board also sees this as an important exercise in promoting the Camkids brand throughout China, as well as in preventing discounted sales of its products.” !!!, there are no words! This AIM listed company has just blown its last £8 million of imaginary cash giving free sneakers to poor kids in China. You could not make it up. There’s no unnecessary land being purchased or factory being built this time. Camkids is showing Fujian province and its AIM investors another way to explain the disappearance of money that was never there in the first place! It might have existed in the annual report but it was just imaginary money. Now it's gone, there is no need to pretend any more. All those idiots, sorry readers of the Investors Chronicle, who bought becuase they thought the were buying at a huge discount to cash, you were had! Target price 0p or delisting if Allenby does the decent thing and quits. It it does not quit then it too will be seen as a complete rum n'coke. As Babylon Zoo sing “All the Money’s Gone… What a crazy world”!"
Started: smudgedan, 10 Aug 2015 20:46
Last post: smudgedan, 10 Aug 2015 20:46
And now this all eyes must be on a china Chaintek to complete the hat trick. Truly shocking behaviour. Credit where it's due so Well played by Tom Winnifrith who highlighted these an age a go and saved those that listened a lot of cash in the process.
Started: jollyspeculator, 10 Aug 2015 16:49
Last post: shan, 10 Aug 2015 20:16
Hi mate Hope ur well didn't get burnt here There was a report last week I think highlighting seven Chinese-related stocks to be aware of Not sure if this was on there but certainly worthy of a mention I think, very risky stock
Exactly js. Not a 'subject to sale', sale, but to pay compensation as well. It's just to get rid of the alleged cash on the books. Of course, the Nomad will be seeking clarification of all this, ??lol. Will continue to hold and write off the small exposure, but will be interesting to look at next set of accounts, and who signs them off.. It's a valuable lesson, and when I look at Chinese stocks in future, will have a chuckle.
answer my own questions: not a formal obligation atm...it is being negotiated? yes the stock had been sold and held by distribtors, and not subject to formal repurchase obligation ...but really I am at sea and glad my exposure is pin money
Started: jollyspeculator, 10 Aug 2015 16:41
Last post: jollyspeculator, 10 Aug 2015 16:41
I am no accountant...perhaps someone more trained than me can point to where these obligations to rebuy stock from distributers were disclosed ? Is this stock that was "off CAMK balance sheet"? Had this stock been "sold" to the distrubters subject to this repurchase obligation ...in the absence of convincing clarification, the risks just skyrocketted imv
Started: testpack3, 10 Aug 2015 16:21
Last post: testpack3, 10 Aug 2015 16:21
I continued to hold some shares, on the contrarian hope that a divi would be re-instated.. The lie is now out. To get 'rid' of the alleged cash pile on the books, it is asking shareholders to believe that 3 of their distributors still held £28M of stock, and that they have to buy back the stock, and pay them compensation. Laughable. As nottspie posted earlier, everyone and his dog knows what's going on here, but the AIM regulators choose to do nada.
Last post: asclypius, 10 Aug 2015 15:17
I expect this to die an ignominious death.
Started: adamsmithfreethi, 10 Aug 2015 14:06
Last post: adamsmithfreethi, 10 Aug 2015 14:06
was what they said about the state of the Chinese economy. Not pretty either at the micro or macro level
Started: LordSnooty, 10 Aug 2015 13:40
Last post: LordSnooty, 10 Aug 2015 13:40
someone bought 21k at 11.1p this morning. Talk about unlucky timing...
Started: Nottspie, 10 Aug 2015 13:21
Last post: Nottspie, 10 Aug 2015 13:21
Bad enough the serial diluters, but everyone knows whats going on here and yet nothing gets done about it.
Last post: asclypius, 6 Aug 2015 11:47
Market cap <£10m, 12 month return nearly -80%. Best case scenario is that they take it private a decent level but I don't see why they would. Why not just let it go zero and then walk away? Nearly there already.
Started: jollyspeculator, 3 Jul 2015 16:15
Last post: jollyspeculator, 3 Jul 2015 16:15
but agree 5-7p may be worth upping my micro holding (1500 shares lol)