Saturday July 26, 2014


My second pair of trousers set for retirement at The Greek Hovel – weight loss update
Transport Issues at the Greek Hovel – Luckily I am Steve Frigging McQueen
So who thinks that the Jews are cockroaches? Who are you backing? Israel or Hamas?

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Geong – Another Crap Chinese Company on AIM provides pure comedy

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- Tom Winnifrith

AIM listed Chinese joke company Geong (LSE:GNG) is always a bundle of laughs. This is a company that works on projects for 18 months, does not invoice yet books the amounts as income. I have pointed out before that its balance sheet backing is illusory, that its “profits” ho ho ho never translate into cash and that it would probably be out of cash within a year. That was in September. But today the company has served up a stormer of a statement and I have just got even more bearish. This is a classic China bubble story.

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