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08-11-2011, 08:45 PM
Does looks interesting and worth exploring deeper. If cash is real, then it is a 4-bagger on cash alone. However, on a glance, it seemed like their business is quite bad while management don't seem to have any initiative in creating value for shareholders - notice that all their announcements are just result release.
Just thinking out loud but for a potential fraud, it seemed like there is always a need to inject in cash (e.g. share placement, second listing elsewhere, etc). If CPC doesn't do that, maybe it might be possible that the cash is real. Anybody vested and attended their AGM before?
don't read too much into the Bermuda thing. I reckon lots of other companies are registered there too. I think if it's a fraud then no matter what, it will be hard for retail investors to detect. For CPC's case, I think more important to compare upside gain against downside risk. Assuming cash is real, a potential problem can be the business burning off spare cash before it is given as dividend to shareholders
Just thinking out loud but for a potential fraud, it seemed like there is always a need to inject in cash (e.g. share placement, second listing elsewhere, etc). If CPC doesn't do that, maybe it might be possible that the cash is real. Anybody vested and attended their AGM before?
don't read too much into the Bermuda thing. I reckon lots of other companies are registered there too. I think if it's a fraud then no matter what, it will be hard for retail investors to detect. For CPC's case, I think more important to compare upside gain against downside risk. Assuming cash is real, a potential problem can be the business burning off spare cash before it is given as dividend to shareholders