Friday 25th September 2009
Dear Reader,
NEW ARTICLES
The UURG to Purge
We look at the history of UURG (8192), currently controlled by battle-of-wills
feng shui man Tony Chan Chun Chuen, and warn investors about the bubble
surrounding the stock, which is trading at 191 times diluted NAV.
Webb on Social Corporate Responsibility in Exon, the magazine of Exeter College, Oxford
RECENT ARTICLE
Value Divergence (21-Sep-09)
We look at the strange events at Value Convergence (0821) where Melco (0200) is
selling its controlling stake at $1.92 before a massive dilutive CB issue at
$1.00, a third of which is going to China Fortune (0290). Shareholders should
vote against the bond issue, and bond subscribers and their associates should be
prohibited from voting any shares they hold.
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