Originally posted by slingz
I am likely to pick up some shares next week as there are very few reluctant sellers these days. The company is ridiculously undervalued and there is no reason why the company won't make share buyback or produce dividend given all the hard works and personal commitments by the 2 directors into the company. There is only one risk that is CEO is not creditable but so far it seems he is trying to amend the mistakes by complying all the requirements.
So it makes no sense or illogical to think that the share price won't recover based on all the steps the company had taken and with common sense, I will buy more for the potential rewards vs the risk (CEO)
The CEO Jiameng Zhang is cooperating, because the Chinese Public Security (police) have spoken to him.
XPD was mention in the newspapers, it is an embarrassments for the Chinese Government. They put Jiameng on their watch list. Hence he have no choice, but to cooperate.
