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I invested in this counter as well. It was a bad chinese new year for me last year as i remembered this counter went into suspension on the eve of chinese new year. Now their website is already telling you that there is "..nothing here..".
Since this incident , I've stopped investing on China pennystock counters (IMO) .Time to move on and invest in other more reliable counters.
Totally agree with u man!
Let's move on...lots of opportunity in the market always.
Cheers!
Salute ( Date: 11-Jan-2011 22:37) Posted:
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Indeed. But it's over now. Already wrote them off months back as I didn't see the chance of the turn back for these 3 companies though Chinaenergysave is still struggling. Just try to invest in other counters to make it up.
Sharejunction in some way is helping as there are lots of news and infos. One can't read it all from every corner.
fruitty ( Date: 11-Jan-2011 22:05) Posted:
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This is very sad...
You name it, I have it. China Milk, Celestial and Chinaenergysave. All crab companies. At then, I think many of us didn't know the characteristic/mentality of the Chairman(board member) and it's company. Really, attending the AGM of the China listed companies(not all though) was frustrating, one couldn't get the clear direction of the near future prospect, they are ambigious in answering questions. They were boostful:"Yes, definitely, we will do our best"(like the gang ho spirit of communist), but screwing up the company instead. As for the Chinaenergysave, it changed it's boardmember or high rank staff like the way a playboy changed his girl friends.
Well, accept it and learnt from it. Learn how to choose better and reliable counter and for those who are not good(sharp) in trading-- throw and buy in within a small price range, as long as you invest in a "healthy" co. with good management and good prospect in biz, the price will bounce back if you invest within your budget.
I would take this as a lesson learnt not to over invest in any stock. Always observe stop loss and cut when your target has reached. Better to lose 10% than not to get back the remaining 90%. Alway play safe. Good luck. 
U can go try ask china milk company see if u can exchange shares for some cow to take home. At least can cut some loss:)
for those who still holding how sia?? Guess no $$ taking back loh....
In another one month, this cow is officially suspended for 1 year, it means SGX can delist them on 12 Feb 2011, I am prepared to write off 100% of my investment in this rotten gu sai
des_khor ( Date: 25-Sep-2010 10:37) Posted:
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I guess many MFT also kenal suck by this milk !! just to shy to tell as scare later no face !
no more cash cow..
beruangface ( Date: 04-Aug-2010 08:48) Posted:
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Who kenal stuck by this china milk ?
is dead now. i guess
the business is dying, see the cash reserve can help them to sustain for how long
ya.but i do not think it matter now.
china milk is not making milk right? I remember it is selling bull semen and embryo.
now the results are out,though not all.
so is this milk dying anot, like want to die but cannot die...dragging so long.
feel so irritating..coz i vested.
Their CFO 'run road' already so don't hope for anything good to happen here. No one prepare accounts but SGX gave them final deadline 31.7.10 to report FY31.3.10 results. So a couple of days, u will see all the skeleton in the closets falling out....Psycologically prepare to write off 100%! Luckily, I m not vested.
albeniz ( Date: 29-Jul-2010 20:55) Posted:
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This counter has been suspended for close to half a year.
Still no news yet, any chance for it to de-freeze and come back to life?
Not too keen on anything milk made in China, have to get over the psychologica barrier. haha...