CAMK.L Share Price (CAMK)

Is regulatory since 1 month has elapsed from resignations. However,, AIM was the vehicle to trade the shares. Although not traded, shareholders still own whatever assets the co has. Zhang will have to appoint administrators to wind up the co, if the co is not a going concern. The website appears to have been shut down and that itself says 'lights out'. Zhang went a long way to explain where 'the cash' is going, but it did not account for all of the alleged cash. After 'paying off' the distributors, and 'helping' new distributors with purchases, there is still alleged cash of £15M. If this cash is there ( remember this all hypothetical), for Zhang ( with 75% of shares) to get his hands on it, would have to re-list co ( in China?) to return assets to S/H. In any event, co. will have to provide audit on where cash has gone and file for bankruptcy. All this is assuming that .someone can extricate him from the opium den, or perhaps he's busy counting the returned stock from failed distributors, and jimminy cricket, there's a lot of that. lol. All IMHO of course.

RNS on iii not on here Lights out , thats it Money down the toilet

With all the 'goings-on', I think Zhang has taken to the Opium Den. In the Financial Summary of the Half Yearly Report, the last insertion is the cash balance at end June of £45.6M, which he states is 1.0p per share. Obviously incorrect with c77M shares in issue, and should read c58p ps. Later in the report he states EBT of c£700K, or 1.0p per share. In the Outlook statement, he refers to the new agreement with Disney in using their brand for new lines. He finishes his outlook by saying he views the future with some confidence!!!!! I fear he will need more than The Wizard of Oz to extricate the company from this self inflicted dire shamble. He's going down with the ship, his hands firmly clenching the wheel, while the officers have abandoned the vessel, and in the clarity of his thought he has decided to pay the on-board entertainment to leave the ship, and as the waves engulf the wheelhouse, he is gurgling his last words - ' I think we will be ok' One final thought, probably the 3 distributors being paid off for failure are his mother, father, and a sibling? Hope he owes the Triad money.

Game over.

off it