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/biz/ - Business & Finance

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18319184 No.18319184 [Reply] [Original]

If you don't know what I'm talking about fuck off. Those that do, are you buying? This shit was worth over 10x its current value not so long ago. The Chinese love the brand and don't want this scandal to bring it down and the CCP surely won't let a business of this stature die - they will just vanish the CEO and replace him while pumping the company with state loans to keep it afloat if needed. Madness not to put at least a days wages in this right now.

>> No.18319209

>>18319184
Chinese stocks are more of a cowboy market than crypto desu

>> No.18319231

>>18319184
Nope

>> No.18319251

>>18319184
-95% of its value in <3 months, go for it!

>> No.18319256

>>18319209
very true
>>18319231
fair enough but why?

>> No.18319268

>buying anything associated with communism or socialism

>> No.18319273

>>18319268
>being emotionally attached to your inv

>> No.18319286

>>18319184

Nice try unloading your bags. No one wants an admitted fraud company. You know it's bad when even China calls you a fraud. It's like getting called out by Bernie Madoff.

>> No.18319351

>>18319184
>This shit was worth over 10x its current value not so long ago.
Shockingly enough, inventing hundreds of millions of dollars of fake revenue has the effect of overvaluing your company.
Yes, part of the crash was that there's a gigantic fraud scandal going on and nobody has any idea if this company will even survive ("the CCP would never let a coffee shop fail" is hilariously nonsensical cope) but part of it is that the stock just fundamentally isn't worth what it was going for a week ago.