This must be the most disastrous "anniversary" for China Minzhong ("CMZ") shareholders with the Company scheduled to announce its results for on 29 Aug 2013 before trading hours.
...I wrote this piece of article about one year ago on 28 Aug 2012 - China Minzhong - the analysts don't get it when share price dropped dramatically after its Q4 results and this time around, another "Carson Block" type of firm called Glaucus Research Group is out to "finish" China Minzhong once and for all with a target price of zero!
The report is here. It is a very depressing read and contain several allegations which you should read it even if you are not a shareholder.
It will be interesting to see how the Board of Directors react to the allegations mentioned, especially the non-executive members. At the time of my writing, they are probably in deep discussions with external ...
