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China Integrated Energy (CBEH): The Latest Alleged Chinese Fraud (With A True Value Of $0.76/Share)

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Wed, 03/16/2011 - 12:56 | 1061439 pazmaker
pazmaker's picture

NASDAQ has also halted trading on SDTH   ShendaTech out of Shanghai.  They have been cooking the books and auditors found it. 

Wed, 03/16/2011 - 14:01 | 1061845 oh_bama
oh_bama's picture

Is there an ETF focusing on china small cap stock trading in US?

Many thanks!


And good luck with BTFDing!!

Wed, 03/16/2011 - 12:52 | 1061442 buzzsaw99
buzzsaw99's picture

The Chinese learn fast. Good for them.

Wed, 03/16/2011 - 12:57 | 1061444 66Sexy
66Sexy's picture

Whole new levels of corruption. Chinese learn the shell games from the wall street masters. The equivalent of the shoeshine boy giving stock tips.


Financial exploitation is the harbinger of economic destruction.

fun fun fun.

Cant imagine anyone being dumb enough to buy mid/small cap stocks from china.

Wed, 03/16/2011 - 13:07 | 1061516 A Man without Q...
A Man without Qualities's picture

"Cant imagine anyone being dumb enough to buy mid/small cap stocks from china."

I would imagine the majority of buyers are fund managers in fancy names such as China Small Cap Super Growth Fund, who just do a word search for China and buy a piece.  They won't lose too much sleep over it, after all it's not their money.  No doubt they worked US tech stock funds 10 years ago and then shuffled off to find the next bubble to exploit.  They'll just move onto renewables, or something that becomes the next hot sector.

Wed, 03/16/2011 - 12:54 | 1061445 Cognitive Dissonance
Cognitive Dissonance's picture

I've got to hand it to you Tyler. Despite the insanity out of Japan and in all the markets you still relentlessly pound away at the Ponzi wherever it's found.


And to think you're just a one armed (wall, not fiat) paper hanger.

Wed, 03/16/2011 - 13:18 | 1061579 Caviar Emptor
Caviar Emptor's picture


Wed, 03/16/2011 - 13:31 | 1061632 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Time for Tyler to go back to reporting financal news (I know he didn't stop) now that he has broken the nuclear meltdown better than any other news source.  Don't forget, he works hard for the monie.  Donate what you can, or buy some sweet ass gear from WilliamBonzai7.



Wed, 03/16/2011 - 12:57 | 1061465 defn8Dog
defn8Dog's picture

Go long Herb Greenberg?

Wed, 03/16/2011 - 12:58 | 1061469 Ayn Rand
Ayn Rand's picture

This cannot possibly come as a surprise to readers here.

Wed, 03/16/2011 - 12:58 | 1061471 Popo
Popo's picture

Markets are not permitted to decline.  It would set off the derivatives bomb. 



Wed, 03/16/2011 - 13:03 | 1061506 cougar_w
cougar_w's picture

Down 8%. I shoulda went short this POS.

Wed, 03/16/2011 - 13:37 | 1061668 CPL
CPL's picture

It's already down 21%, I can't find any shares to short.  People bag holding this are pounding the sell button as fast as possible.

Wed, 03/16/2011 - 13:05 | 1061512 JR
JR's picture

According to Gordon T. Long’s diamond-rated article on The Market Oracle published yesterday, RIP Shadow Banking System, Long Live QEx, China has been the “recipient of many of the 46,000 factories that left America” - emphasis on the "46,000."



Wed, 03/16/2011 - 13:08 | 1061514 Spalding_Smailes
Spalding_Smailes's picture

But, but, but .... Reserve Currency status just around the corner ....

Communism, fraud, reverse engineering, deceit ......

Nooooooooooooooooooooooooooooooooooooooooooooo really.

Wed, 03/16/2011 - 13:33 | 1061658 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Reserve currency status?  Says who, the MSM?  Pshaw.  Gold will be inserted into the basket in an attempt to loophole the economy again.  Of course, both you and I know the Fed starts the dollar ponzi by leasing their gold reserves, but we won't tell no one.  Right?

Wed, 03/16/2011 - 13:10 | 1061532 Misean
Misean's picture

Should change that to C-MEH.

Wed, 03/16/2011 - 13:20 | 1061562 tallen
tallen's picture

Thanks Zerohedge, just bought some puts. Worked out great last time on CAGC.

Edit: I'm up $300 in 5 minutes. Happy days. Keep up the great work.

Wed, 03/16/2011 - 13:42 | 1061699 earlthepearl
earlthepearl's picture

me too, up 1.5K, might just cash out, dont want to be too greedy

Wed, 03/16/2011 - 13:44 | 1061712 tallen
tallen's picture

Guess I'm gonna be holding a rave in my uni halls tonight. :D. Down 40%. I'm gonna hold these puts. Doesn't seem like theres any resistance to it. In CAGL they seemed to keep the price up somewhat.

Wed, 03/16/2011 - 13:20 | 1061593 Caviar Emptor
Caviar Emptor's picture

Harvard BS now offering electives in Ponzi engineering. Macro and Micro tracks available.

Wed, 03/16/2011 - 13:24 | 1061609 tallen
tallen's picture

Bernie Madoff aught to start doing lectures, I'm sure lots of Chinese businessmen (AKA scam artists) would sign up.

Wed, 03/16/2011 - 13:20 | 1061595 Monoki
Monoki's picture

Zero Hedge:

This is your best work, and I commend you on it.  No one has highlighted the topic of China equity fraud and brought to floor research from wherever.  On ZH.  This news brought to fore is tradable.  The pattern of Chinese corruption is apparent enough such that major news outlets should also be on it...because it is a story.

Recon Cap

Wed, 03/16/2011 - 13:27 | 1061631 defn8Dog
defn8Dog's picture

Some months ago, Barron's did a pretty scathing piece on the ramp up of Chinese reverse mergers.  It was buried on page 50 or something... easy to miss.

Wed, 03/16/2011 - 13:30 | 1061638 tallen
tallen's picture

Just broke below $5, down almost 20% today and 10% since zerohedge reported. Keep up the fantastic work.


Love you Tyler

Wed, 03/16/2011 - 13:29 | 1061640 fenner
fenner's picture

Not the first and not the last. They go to NASDAQ because it's less regulated and easier to be listed than Shanghai SE and Shenzhen SE.

Wed, 03/16/2011 - 13:30 | 1061645 What_Me_Worry
What_Me_Worry's picture

XING puts all their scams to shame.  Possibly hundreds of millions.

Wed, 03/16/2011 - 13:39 | 1061681 Franken_Stein
Franken_Stein's picture


That little picture in the paper is taken from the movie: A better tomorrow (1986) by John Wu, starring Chow Yun Fat.




The irony here it is a movie about a gang of dollar counterfeiters in Hong Kong.

Almost like in the Marriner Eccles building.


A-hahahahaha !!!


Wed, 03/16/2011 - 13:42 | 1061696 John McCloy
John McCloy's picture

  When do mutual funds stop purchasing Chinese equities and throwing these 401k's down the tubes?

Wed, 03/16/2011 - 13:47 | 1061743 trav7777
trav7777's picture

China is littered with fraud companies.  And they have more cancer cases already from industrial pollution than if Fukushima erupts in a supernova

Wed, 03/16/2011 - 13:49 | 1061745 iinthesky
iinthesky's picture

Went off a cliff i saw lows of -38%

Wed, 03/16/2011 - 13:51 | 1061762 medicalstudent
medicalstudent's picture

upright shoulder-head-shoulder mid 09 to beginning 11 -- predicts about just that...




the language of tracked quantities...

Wed, 03/16/2011 - 14:03 | 1061879 earlthepearl
earlthepearl's picture

why are people buying at this level?

Last ten minutes it has stabilized

Wed, 03/16/2011 - 14:08 | 1061903 tallen
tallen's picture

Probably algorithmic/technical traders out there trying to catch a pullback. Shame it's not going to pullback because it's NAV is 0!

Wed, 03/16/2011 - 14:18 | 1061973 earlthepearl
earlthepearl's picture

Just reading some tools comments on yahoo, saying wait till the 10k

comes out tomorrow.


Dude the 10K is fucking fiction

Wed, 03/16/2011 - 14:21 | 1062008 earlthepearl
earlthepearl's picture

Question, if it does get halted, what happens to holders of options?

Wed, 03/16/2011 - 14:33 | 1062103 iinthesky
iinthesky's picture

Makes me kick myself for pulling all money out of the brokerage account

Wed, 03/16/2011 - 14:40 | 1062153 iinthesky
iinthesky's picture

ZH needs an android alert app

Wed, 03/16/2011 - 14:46 | 1062191 squexx
squexx's picture

HHHHMMMM..........An opportunity ot buy the fucking dip?!?!??!?

Wed, 03/16/2011 - 15:45 | 1062594 UnknownQuantity
UnknownQuantity's picture

I' m still looking for info on what to do with puts on this or similar company (CAGI) if/when the company is delisted or NASDAQ puts it on hold for a time (CCME and CAGI last week). What happens to the value of the puts?  Mine (CBEH, CAGI, CCME) are all several months out. Thanks for any help. 

Wed, 03/16/2011 - 16:10 | 1062784 earlthepearl
earlthepearl's picture

Went to 5.50 in after hours

Wed, 03/16/2011 - 16:16 | 1062826 Jrsurf00
Jrsurf00's picture

the 5.5 is surely a snapback from people who put out in cover on the close orders to lock in gains. I appreciate the opportunity to short this guy at higher levels than the price at which this post was presented

Wed, 03/16/2011 - 16:31 | 1062844 tallen
tallen's picture

It's due to their 10k being out, with KPMG on the bottom. Have to see what happpens tomorrow

Thu, 03/17/2011 - 07:34 | 1065845 AGORACOM
AGORACOM's picture

"Sinclair Upton Research" has no Google history until this report http://y.ahoo.it/iKJzESSR Opportunistic Manipulation of China RM space? 

Trading $5.22 this morning, so outside of of a 60-minute panic, market doesn't seem to think this "report" is authentic.

OTOH, confidence in Chinese stocks must be extremely low for this kind of impact out of obscure report.


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