who was hawking CS. First of all, its oversold and there is an ascending triangle to attract traders. However, i belive it is trading at about 25% of book. If this was an American bank, banking regulators would have already stepped in and stopped this once it went under 50%. The reason is simple, how do you raise cpital without destroying existing creditors/shareholders equity??? I don't think this guy knows what he is doing and this one is not for me. Caveat Emptor!! JMHO
