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  • Xinhua Finance Media's Less Than Impressive IPO [View article]
    Totally agree with cs_2222, this company is full of crap, a holding company of the parent Xinhua which is again a holding company of some other print company. The CFO of the company is a founder and CEO of his own company SBI something and is also a licensed broker in the US. What is he doing at XFML ? Plus he looks very shrewed and fishy. As if he is in only for the money. Possibly hired for his English speaking skills just to get the IPO done.

    This company looks a lot like NINE where there was so many inter-relations of the CEO with other companies he founded. That fked up stock priced at $12 opened at $13 in 2004 and is now trading at $4 something.

    And finally remember this equation: Chinese IPO => JP Morgan/Credit Suisse = CRAP, POS, RUN !!!
    Mar 13 21:40 pm |Rating: 0 0
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