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Gushan Environmental Energy Limited |
If you read their recent SEC filing on June 3'rd 2009 they note that
one of their primary plants has been closed temporarily due to tax
disagreements. However, they also note that they have no idea how
long it will be closed and even once they decide to open it, it will
be a fairly large hassle to get it back up and operating. I suspect
this quarter will not be too great, but I do have faith in the company
as a whole and long-term.
On Jun 24, 3:39 pm, rnxw <rin...@gmail.com> wrote:
> Hopefully they'll have their tax worked out soon
> On Jun 23, 12:33 pm, vipera81 <viper...@aol.com> wrote:
> > Does anyone have any updates about when GU will begin production again
> > in the plant they closed in China due to the tax disagreement? As far
> > as I can tell, this was the only reason why the stock fell so sharply
> > over the past month, but once they settle this issue with the local
> > tax authority, I would think the stock should soar right back up to
> > it's previous stock price, if not higher, which is why I'm holding and
> > thinking of buying more. Any thoughts?