- advertisements -
I also highly suspect another Chinese company called Spreadtrum Communications, Inc (NASDAQ: SPRD) is a fraud. Its stock price and EPS are unbelievably strong. However, I don't have a deep enough pocket to do a thorough investigation.:(
I highly suspect that a company called Bank of America is a fraud, but if we ever got definitive proof, they would simply change the definition of fraud or give exemptions to any company with the word America in it's name...
Maybe Puda's name should really be Puta.
Wow, this was a top quality post. In theory I'd like to write like this too, taking time and real effort to make a good article.
Finding and shorting Chinese frauds is turning into a nice little cottage industry. Soon everybody is going to be looking for their own.
The fraud in China is unforeseeable.
+1. That is a scream!
The Fraud in China...is China.
I F'ing hate the Chinese, who couldn't have seen this coming? Only Durden would have the leak like this though, good job Z-Hedge guys!
If a letter writer or website publishes a negative report on a company I am director, management or executive of and believe in and the stock gets cut in half I'm laughing my arse off and loading up the truck in my PA, "thank you very much". So to sue somebody for having an opinion is really all you need to know.
Another stock I've been looking into is HRBN, valued at $600M, it claims it can double its revenue every year. (It's got a 8PE, what a joke). Numerous dodgy insider actions. Read into the company.
Thanks again zerohedge, bought a load of puts at 7, 1 week expiration. Up double so far :)
How can fraudulent Chinese companies fool the Wall Street whiz kids for so long? And does anybody really think accounting fraud is isolated to Chinese companies?
Can you explain the mechanism for exactly what happens if you buy a put with a strike of $10.00 and the stock never reopens?
You can always exercise your PUT and dont need a locate. The fully paid put option is a contract and you will only be subject to buy in when or if the shares reopen. Pink sheets count. So buy puts without the ZH error.
Have a complete list of the Chinese fraud stocks you have reported?
Can't seem to find them all easily.
...that allowed Chairman Zhao to first steal the company, then sell half the company (pocketing the proceeds) and then pledge the other half of the company to a Chinese PE fund while piling on $530.3 million of 14.5% debt...
They learn fast.
Replace "Chairman Zhao" with "the Waltons", "the Gates", "the Schmidts", and that is exactly how things work here.
Definitely not playing around with any Chinese stocks again...sheisty, very very sheisty indeed.
Pass4sure 642-359 Pass4sure 642-979 Pass4sure HP0-J33 Pass4sure HP0-S23 Pass4sure HP2-E30 HP2-Z16 Pass4sure 000-007 000-108 Pass4sure 000-377 000-979
I actually own a small business, and it seems to me that buying fans actually has benefited my business. I purchased 5,000 fans from fanbullet.com and after that my fan base grew by itself. I didn't have to do anything. I saw an increase in sales as well. So I believe is actually worth it. Hope this helps someone.
buy facebook likes
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.