Migao Corp MIGGF

RE:RE:RE:Migao - true value much higher than buyout price

[philoex]

Here's the explanation offered by the FP, as reported on CAN StockW. : "Migao went public in 2006 and was a market darling. When potash prices were soaring in early 2008, Migao was worth more than $11 a share. It traded at more than $8 as recently as 2011. However, like other Chinese companies trading on North American exchanges, Migao got caught up in an event outside its control, the collapse of Sino-Forest in the summer of 2011. As Sino melted down and short-sellers lobbed accusations of fraud at many other Chinese firms, investor interest in these companies evaporated. Migao became a penny stock with minimal trading liquidity, and it never recovered. One unnamed observer says there is no reason for Migao to remain public." ... "one unamed observer"... haha, who would that be?  The main and sole buyer? haha.  I still votin Nooooo. Thanks.