07-09-2014, 02:30 AM
'BillNeuburger' pid='46523' datel Wrote:Just more of a necessity to go private and restructure their image. There is no other solution to this story.
The image they need to restructure is not its antivirus image in China, that boat has already sailed. They need to get some material updates out in the US regarding PWC and the 20-F. Its image with investors is badly damaged, possibly beyond recovery. This management has shown it doesn't quite understand how capital markets work, and potentially not caring about shareholders. Even if 20-F comes out clean, which fund is going to buy in with this kind of image?
And why is Henry Lin releasing words to the Chinese media when its investor base is in America? If the CEO is going to release statements to the press, do it in the US.