Tuesday, June 22, 2010

Aussino

-shares 240m
-NAV 15 cts,
-cash 11m, inventory 18m, property 13m
-small cap
-new CEO from Aug'09, son of Chairman (owns 70%)
-global brand 8000 retail points in 16 countries
-only 2 IDs
-Chairman paid over a million
-positive cashflow
-housing boom everywhere
-high expenses
-litigation in progress
-Zhao Wei bought 12m at $0.09

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