Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
We shall, for a moment, suspend our disbelief over the stated cash position of ShareProphets AIM-China Filthy Forty member Jiasen (JSI). Let us, for a moment, simply take the company at its word. Deeper analysis of yesterdays trading statement numbers shows a horror story unfolding, and casts a strange light on previous statements from the company. I suggest that what follows shows that Jiasen is toast, and uninvestable.
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Comments
Duck and Dive
I dunno – a lot can happen in five days. That’s almost a week. Maybe you’re being too sceptical.
And I don’t understand why a serial liar would make life so hard for himself. Why lie every three months when you only need to lie twice a year (and splash out on a Go Daddy website)?