The Forensic Factor On The "Most Preposterous Chinese Reverse Merger Yet": AutoChina (AUTC), Sees 50% Price Drop

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Tue, 02/01/2011 - 12:34 | 923949 HelluvaEngineer
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Is there any chatter about the numbers coming out of BIDU these days?  They are up 8% today.

Tue, 02/01/2011 - 12:36 | 923957 Cognitive Dissonance
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TFF believes investors would be prudent to avoid AutoChina at all costs. At the same time, we implore regulators to protect the investing public and launch an investigation into AutoChina."

Only if they send this report to the SEC attached to some tranny porn does it stand a chance in hell of being opened, never mind read.

Tue, 02/01/2011 - 13:26 | 924154 bonddude
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Today's winner !

Tue, 02/01/2011 - 12:39 | 923978 Herd Redirectio...
Herd Redirection Committee's picture

Sell first, and ask questions later!  Having quickly looked through their report,  I know what I would do if I was a holder of AUTC!   To go short something that will shortly be delisted, though, that is the question!

Check out the latest from the Capital Research Institute

Tue, 02/01/2011 - 12:59 | 924048 cougar_w
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Won't be de-listed evar. No money is that for the Exchange.

Tue, 02/01/2011 - 12:40 | 923984 HarryWanqer
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Who cares.  People will buy a train wreck right now.  Rally On.

Tue, 02/01/2011 - 13:12 | 924100 Cognitive Dissonance
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Who will give me a $1,000? Going, going.......gone.


Tue, 02/01/2011 - 13:45 | 924234 SheepDog-One
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Harry will even buy a train wreck! Rally on, moron.

Tue, 02/01/2011 - 12:44 | 924004 Gubbmint Cheese
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People deserve the markets, regulators and politicians they tolerate (and their outcomes).

I personally can't wait for this crap to burn down.. this is madness.


Tue, 02/01/2011 - 13:49 | 924259 SheepDog-One
SheepDog-One's picture

Bottom line thats correct, the people deserve this kind of daily insult if all they do is put up with it and even come under the Stockholm Syndrome spell of sympathy and even admiration for your captors as Harry and others exhibit around here.
I cant wait for this madness to burn down either, daily hope to see some wheel fly off this stupid Rube Goldberg contraption that by any measure should even roll much less fly.

Tue, 02/01/2011 - 12:49 | 924021 topcallingtroll
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Thanks tff.

Tue, 02/01/2011 - 12:58 | 924042 Oh regional Indian
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This is permitted fraud. Make no mistake about it.

Wall street vipers!

The chinese can teach one a thing or two about fraud.


Tue, 02/01/2011 - 12:58 | 924044 cougar_w
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Down 7%.

I coulda shorted that shit.

Tue, 02/01/2011 - 13:06 | 924075 Dingleberry Jones
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Any followup with China Green Agriculture (CGA)?  They seemed to have rebounded from the allegations from Muddy Waters that were shared here a few weeks ago.


Will be interesting to see what pans out with these companies.  They probably take some of their stock profits and pump it back into the stock slowly, POMO style.

Tue, 02/01/2011 - 13:13 | 924099 Zero Govt
Zero Govt's picture

TFF have done an excellent job finding "aggressive accounting" and an also excellent job whistleblowing. They have completed their work, buyer beware....

They are however misguided i believe calling on regulators or for an investigation. You can't really prove fraud before it occurs, it's extremely difficult. Nor should you shut down a company based on your view of the companies operations and how it is leveraged. Only the market and time can decide that truth as ultimate arbitor.

Would TTF have blown the whistle on Ryanair who offered fairs at £1.99 when traditional flag carriers were priced at £299?

It is a fallacy to think you know what will happen or you can prevent something occuring. Only the market proves that point, not supposition or worse oppression of new businesses before they get out the starting gate.

Who do TTF suggest look into it, the NY Fed whose own "aggressive accounting" is leveraged at 80/1 ? 

Tue, 02/01/2011 - 13:25 | 924151 Comrade de Chaos
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Tue, 02/01/2011 - 13:26 | 924157 Ploutos
Ploutos's picture

No shares available to short on IB

Tue, 02/01/2011 - 13:30 | 924169 Greater Fool
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Thanks, ZH! I love that I can get this kind of detail here.

Do NOT follow this link or you will be banned from the site!