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kirkydu (93.58)

The Roller Coaster that is Chinese smallcaps

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December 07, 2011 – Comments (0) | RELATED TICKERS: CAGC.PK.DL

I am one who invested in CAGC.pk. I have not sold, though I have a cost basis of about $8. Here is an update on the company which is up quite a bit the past few days on news of the completion of the independent audit and pending release of forensic audit.

http://www.bloomberg.com/video/82283664/

I do think I will get back to even and actually make market beating returns with this one if it doesn't turn out there was anthing more than some financial accounting that needed to be tightened and some related party transactions that (if they occurred which I suspect did) are done happening.

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