10-28-2014, 05:18 AM
'thecrazykevy' pid='51302' datel Wrote:
'quantumvibes' pid='51294' datel Wrote:There could also be some weakness associated with PWC declining to issue a consent allowing their reports on the previous two years of financial statements to be included in the current annual report, if I read the disclosure accurately. Anyway, it's looks like it'll remain a "battleground" stock until the fundamentals become too overwhelming to ignore and/or until the institutional investors return in a material way.I think the info on the 20-f showing common class A shares increasing from 247,818,186 on December 31, 2013 to 393,446,333 at the end October 15, 2014 on page 101 might have something to do with the weakness. This increases shares outstanding by almost 50% for the year so far. Now with the equavilent of 90 million ADSs outstanding, the current stock price already gives a market cap of almost $900 million.
Thanks - You and Mountainbiker corrected me on two points. That is quite a lot of dilution - probably acquisition related, but still large all the same.

