Reading Time: 2 minutes Today, Fredy Bush, the CEO of Xinhua Finance and Xinhua Finance Media Limited (XFML), released a letter to counter the recent media coverage of “the mystery of Xinhua Finance”. Quote the letter: — Over the years the media has criticized Xinhua Finance as being too close to the Xinhua News Agency and the government of
Reading Time: < 1 minute Here is a Chinese article talking about the history of the Xinhua Finance, Xinhua Finance Media Limited (Nasdaq: XFML), and its founder Ms. Fredy Bush. Quote the article, Xinhua Finance claimed “如果你生活在中国，清晨醒来打开电视就能看到收视率最高的节目之一：《财富早7点》。乘车上班途中，可以收听到中国国际广播电台EasyFM的节目。路过报刊亭可以见到《经济观察报》、《投资有道》和《基金观察》。” This is not necessarily true, I could NOT see the “Fortune Morning (7 AM)” in Shanghai on TV. If a Financial TV program
Reading Time: < 1 minute I really don’t want to talk this stock any more. But thought I may shed some light on this company’ new controversy, here is an article from market watch. To put long words short, Xinhua Finance Media Limited, failed to mention its CFO was under SEC investigation in its IPO prospectus. I don’t know legal side of the things, it
Reading Time: < 1 minute I received an Email from my broker WR Hambrecht asking me if I am interested in Xinhua Finance IPO. I talked it a little in a previous post; now I feel it’s not another Maritz. Also after yesterday’s crash, I got a little warmed up on it. So I called them and indicated my interest. Don’t know if I will get
Recent Comments