Shares of China Medical (CMED -14.6%) fall steeply after the firm says it will implement debt...


Shares of China Medical (CMED -14.6%) fall steeply after the firm says it will implement debt restructuring with new rates and terms for holders. The story at CMED continues to get grimmer with fraud allegations lingering and shares now off over 75% YTD.

Comments (1)
  • Gary Jakacky
    , contributor
    Comments (2946) | Send Message
     
    Face it...all these companies have chinks in the armor. A bad pun? yes. and a bad investment as well. The entire Chinese economy is a smokescreen ponzi scheme, where Potemkin metropolises are connected by bullet trains no one rides. Much like Japan Inc in the 1980s, the dragon will soon be a paper tiger.
    13 Dec 2011, 01:06 PM Reply Like
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