How to be a millionaire through Stock Investing by 2017

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Dear Readers & Fellow Bloggers,

 

I am neither hallucinating nor suffering from permanent brain damage as I write this post. I have stumbled across a company on the SGX where you can indeed earn a million ( if you believe the management & auditors). Introducing China Sports International

About China Sports International

A China Company which sells Sports & Apparel products in China under the brand name “Yeli”. The company’s current market capitalization on the SGX is s$9.228 million. Its current auditor is RT LLP.

How To Make a Million

Before you guys get too excited , lets analyse its latest Balance Sheet:

China Sport’s Balance Sheet as of 3QFY16

If you notice the company has RMB 133 mil RMB cash & equivalent and a total liabilities of only RMB 66 Million.

The Plan

Step 1: Go to any (dumb) bank, tell them you wish to takeover China …

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