I know there were statements concerning the no problem to financing KRY made by Fung in the past but there has not been a peep from anyone in management for awhile, which tends to add to the growing concerns here.
Hondo....I'm thinking if management had any better financing method, they wouldn't have had to use the "good news" of the CRRC "deal" to dupe unsuspecting investors into buying into the pump and dump. And NO....we did NOT need the money to finance us through the "quiet period". That is nonsense. The deal was supposed to be done last September\October. We had plenty of money to last us through at least the summer of 2011 (without the pump 'n dump") according to RM as I recall.
If anyone has a good reason for the "pump 'n dump" financing last June....I'm all ears. Why wouldn't management have waited to finance till the deal went thru in September\October (and our shareprice skyrocketed) according to their own publically released schedule?
Answer: They knew it wouldn't happen.