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RINO Signs Own Death Sentence, Company Likely To Be Halted Forever As Chinese IPO Craze Fizzles

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Fri, 11/19/2010 - 10:22 | 740796 Sudden Debt
Sudden Debt's picture

"then destroying the credibility of every Chinese company "



Chinese companies?


This is the first time I've read those words in 1 sentence...

Fri, 11/19/2010 - 10:26 | 740812 rocker
rocker's picture

Little Ones have learned so well.  What did we teach them ???  Where are the satisfied requirements to be a IPO ???

Or is it all about the Fees.

Fri, 11/19/2010 - 10:38 | 740842 IQ 145
IQ 145's picture

 reply for the poster: But what about the solar panel companys touted by the famous Canadian pension fund advisor ? They're still okay, right ?

Fri, 11/19/2010 - 11:53 | 741124 Abiggs
Abiggs's picture

Does anybody even give a shit - please, this is like the third post on this worthless stock.

Coupled with Mike Keiser's move to CO topping the list as yesterday's story of the day, seems like there is a major lack of material to cover lately...

Fri, 11/19/2010 - 10:25 | 740807 bobert
bobert's picture

OK I give up. Whats the stock symbol for the new general motors? I type GM and GMC into Yahoo Finance and get Green Mountain Coffee Company.

Fri, 11/19/2010 - 10:28 | 740824 snowball777
snowball777's picture

It's GM. Blame Yahooohooooo.

Fri, 11/19/2010 - 10:30 | 740829 bobert
bobert's picture


I'll try again on Google.

Fri, 11/19/2010 - 10:54 | 740892 Cookie
Cookie's picture

Yahoo Finance is terrible, wrong quotes, missing charts, waste of time

Fri, 11/19/2010 - 10:32 | 740832 Jadr
Jadr's picture


Fri, 11/19/2010 - 10:39 | 740845 IQ 145
IQ 145's picture

 For some reason that made me laugh; theraputic effect on arthritis pains; thanks. maybe it really is a green mountain coffee company ? who knows.

Fri, 11/19/2010 - 10:56 | 740898 bobert
bobert's picture

Us equally smart guys think like a think.

You are welcome!

Fri, 11/19/2010 - 11:00 | 740909 bobert
bobert's picture

And now GM is dropping below $33.30.

Just in case we are surveillanced I can only ask questions due to some certain licensing constraints.

So......Is it time to short GM???

Hellofanenigneer are you awake yet?


Fri, 11/19/2010 - 11:11 | 740945 Dan_Sylveste
Dan_Sylveste's picture

Try and borrow some. Go on, try!

Fri, 11/19/2010 - 11:29 | 741026 bobert
bobert's picture

Do you have some to lend?

Fri, 11/19/2010 - 11:32 | 741040 Dan_Sylveste
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Fri, 11/19/2010 - 10:25 | 740809 goldmiddelfinger
goldmiddelfinger's picture

This from a country that supports CRM at a $10 pop to $126 on 32 cents earnings? LOL

Get real. Get GM. Buy a $40k Volt already.

Fri, 11/19/2010 - 10:41 | 740850 IQ 145
IQ 145's picture

 A "Voltswagen"; the peoples electric fantasy.

Fri, 11/19/2010 - 11:27 | 741016 nonclaim
nonclaim's picture

clever and creepy

Fri, 11/19/2010 - 10:45 | 740863 goldmiddelfinger
goldmiddelfinger's picture

CRM Plus $18 now to $134 on 32 cents. Am I to late to get in?

Fri, 11/19/2010 - 11:09 | 740926 Hansel
Hansel's picture

It wasn't $0.32 cents, it was $0.15. The adjustment was for share count difference. The share count is up because the company constantly issues new shares to CEO Marc Benioff so he can sell the stock EVERY SINGLE DAY.  This is not an exaggeration.  Look at the link.  I have been following the stock for 4+ years, and nothing has changed.  The guy makes $1,000,000 a day off a company that makes $21 million a quarter.

The forecast for next quarter is GAAP $0.06 cents. Non-GAAP is forecast at $0.27, once taking out $0.25 for stock based compensation. The stock is Marc Benioff's personal piggy bank only.

Fri, 11/19/2010 - 12:04 | 741172 Dburn
Dburn's picture

+ 1

That is fricking incredible. I went through Yahoo's listing and it looks like almost every business day in the past year he has sold 10,000 shares. He hasn't missed a day in November. 1.1 , 1.3 Million a day.


Reall Good Catch Hansel

Fri, 11/19/2010 - 12:53 | 741381 Common_Cents22
Common_Cents22's picture

I've talked to a few other traders that are puzzled on Salesforce.   What is keeping this stock up?   

Fri, 11/19/2010 - 10:26 | 740814 mynhair
mynhair's picture


Fri, 11/19/2010 - 10:26 | 740815 trav7777
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an "environmental protection" company in CHINA???


Fri, 11/19/2010 - 20:14 | 742502 StychoKiller
StychoKiller's picture

Ya gotta admit, lotta "upside potential" there!

Fri, 11/19/2010 - 10:27 | 740817 Jason T
Jason T's picture

Let's NOT paint a brush across the entire Chinese Small cap.  That is like O'Reilly blaming ALL muslims for 9/11 or the Germans blaming ALL the Jews for their hyperinflation.  

Be above that and call out RINO for fraud, not the entire Chinese small cap sector. 

In China, they commit fraud, they lose their head remember. 



Fri, 11/19/2010 - 10:29 | 740825 bobert
bobert's picture

Balanced thinking can be boring.

Fri, 11/19/2010 - 10:37 | 740841 Vergeltung
Vergeltung's picture

O'Reilly said no such thing.

Fri, 11/19/2010 - 10:40 | 740846 Jason T
Fri, 11/19/2010 - 12:25 | 741268 DosZap
DosZap's picture


Screw the video, were they Muslims or not?.Truth bites.

They sure as hell were not Protestants.Or Quakers.

The bottom line is O'Reily was right, and the V sluts (sans one) were wrong.

Fri, 11/19/2010 - 10:44 | 740861 IQ 145
IQ 145's picture

 I'm willing to "paint a brush"; or connect the dots, or just use a spray can; everything I've found out about Chinese small caps is horrifying.

Fri, 11/19/2010 - 12:15 | 741223 DosZap
DosZap's picture


OT, but since you brought it up.

Pls O'Reilly is not my favorite, but the dude had a point.

9-11 murderers were Muslims, and Islamic terrorists.

He did not blame ALL Muslims, but to deny ALL that participated in 9-11 WERE, is a stupid comment.

Blame for all muslims comes from their lack of balls, to stand against these brain washed theocratic bstds.

Fri, 11/19/2010 - 10:28 | 740819 slaughterer
slaughterer's picture

The "cottage industry" of shorting/bashing China small caps you refer to is growing each week: reference Citrus, MW, Seeking Alpha Instablogs by Alfred Little, Geoinvesting, etc.  These are footsoldiers in the US trade war with China, in some regards, carrying out the smaller skirmishes while Bernanke prepares larger eco-military campaigns.

Fri, 11/19/2010 - 10:50 | 740883 IQ 145
IQ 145's picture

 If you say so; but I think this is just people who have done their homework and realized that business in China doesn't even resemble anything we're familiar with; fraud, lying, cheating, double sets of books, false supplier records; basically everybody is crazy and all these companies are just wounded ducks staggering along.

Fri, 11/19/2010 - 11:04 | 740921 Duuude
Duuude's picture

"...fraud, lying, cheating, double sets of books, false supplier records; basically everybody is crazy and all these companies are just wounded ducks staggering along."

Yer referencing tha Banksters, right ?

Fri, 11/19/2010 - 10:35 | 740839 bobert
bobert's picture

I found GM on Google Finance just in time to watch it drop below $34.00

Oh dear, I'm tearing up.


Fri, 11/19/2010 - 10:56 | 740899 Blano
Blano's picture

Keep watching.  It's working on breaking 33.

Fri, 11/19/2010 - 11:02 | 740916 Careless Whisper
Careless Whisper's picture

verified financial statements based on strong internal controls.

Fri, 11/19/2010 - 10:35 | 740840 moofph
moofph's picture

..."misstatements" on the rise ...go long.

Fri, 11/19/2010 - 11:56 | 741131 Canucklehead
Canucklehead's picture

I have to chuckle about the Canaccord reference.  This is typical of that firm.  Back in the days (80's - 90's) when the Vancouver Stock Exchange was raping and pillaging every little investor who played in the West Coast sandbox, Canaccord was the king of the pirates.

Going forward, it will be very easy to identify prime shorts of Chinese companies.  Go through Canaccord's past recommendations and take the opposite position of that recommended.

It's good to see the Canaccord business model replaced small mineral exploration companies with small Chinese manufacturing companies.  What is next?

Fri, 11/19/2010 - 11:58 | 741141 Dburn
Dburn's picture

Anyone know what happens to the PUTS I have on this stock?

Some expire today and some in Dec.

Muddy Waters just got a booster rocket attached to their credibility.

Fri, 11/19/2010 - 11:59 | 741146 bugs_
bugs_'s picture

Wonder who is on the wrong side of all those RINO puts.

My heart goes out to those holding RINO puts that expire shortly, you were right, you were lucky, but the house can still screw you if you are right and/or lucky.

Fri, 11/19/2010 - 12:07 | 741183 Dburn
Dburn's picture


Bugs ...can you elaborate? Is there any place to find a rule on this situation? Looking at some serious dough for me.

Fri, 11/19/2010 - 12:16 | 741225 Thunderlips
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A famous investor hears the news:


Fri, 11/19/2010 - 12:23 | 741261 Dburn
Dburn's picture

Herte is the word. If the stock doesn't open today, and the Nov options are not in the money they expire worthless. M*****F******s

Fri, 11/19/2010 - 12:35 | 741309 hammerheadjoe
hammerheadjoe's picture

Sitting on Jan 22 ITM Puts - can this actually be shutdown in perpetuity?  What a freakin' racket!

Fri, 11/19/2010 - 13:58 | 741586 Dburn
Dburn's picture

You have a ETF there so that won't stop.But yeah, we are getting fucked.

I've seen a stock halt go on for months.

I read a blurb that most Chinese Companies are too cheap to hire fulltime CFOs and this was from a Bull!!. His complaint in essence was it 's hard to get tranperceny so we can truly find out if a company is undervalued. Then he goes on to mention : Of course ONP, RINO and FUQI don't help too much.

So RINO gets a 100 Million on it's IPO and doesn't hire a fulltime CFO?


Here is another one to do DD on APWR and of course FUQI that just got a delisting notice for non-compliance on issueing financial statements. Huh...wonder what that's all about? heh

Fri, 11/19/2010 - 12:56 | 741390 Thunderlips
Thunderlips's picture

I love that Dirty --- Muddy Waters...



Fri, 11/19/2010 - 14:42 | 741710 Fortunes Favor
Fortunes Favor's picture

A lot of money has been made over the last 3 months in the Chinese new issues. Many of these conpamies are legitimate and will be long term successes. Should gains be booked? Sure booking profits is never a bad thing, but pretending the whole country is a fraud is unproductive and foolish.

The fraudulant companies revealed in China so far have be reverse mergers. RINO is not a recent IPO. It was a reverse merger on 9/21/2007!

Trying to reduce the noise, suppress emotions and keep it real....


Fri, 11/19/2010 - 16:05 | 741935 El Gato
El Gato's picture

NASDAQ is not going to open this fucker today. For all you put buyers of frauds out there like me, factor in a trading halt to your trading strategy. Godamnit.

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