Joymain International Development Group: My Take On This Tiny Company Worth $6B

Bart van Velzen   10/06/2015  

http://seekingalpha.com/article/3249715-joymain-international-development-group-my-take-on-this-tiny-company-worth-6b

Summary

* JIDG is a tiny Chinese MLM currently worth 6 Billion dollars.

* Its huge market cap has attracted widespread media attention this week, including an article at Forbes.

* JIDG appears to be a legitimate company, backed by another well-established Chinese MLM company.

* However, an almost non-existing tradeable float and lack of liquidity caused the share price to rise expontentially in recent weeks on no news.

* JIDG shares have disconnected from reality; as more shares become tradable the share price will crash.