|8449 || BORN||01-Jan-2000 02:06 AM|
We are looking for moderators. If you would like to help moderate this board, please use the 'request to moderate board' link at top left and you will receive a confirmation that you have been added as a Co-Moderator. As a moderator you will have the ability to oversee discussions and make sure all posts are relevant.
You will also have the ability to add an advanced description for the stock. This is particularly useful if there are aspects of the company that you want to highlight and help others learn about the company's objectives. Photos and pictures are welcome. Don't be shy. Become an integral member of GEO's Culture
|11128 || BORN||06-Jul-2011 11:20 AM|
I am really confused with this 6-k.
"Accordingly, in order to retain its existing audit team and minimize disruption, the Company’s Audit Committee has dismissed BDO Li Xin Da Hua and engaged BDO China Shu Lun Pan as its independent registered public accounting firm effective immediately. "
I recently heard from my friend who works in a big 4 in China that accounting fraud is rampant even in big four auditors. The public companies will hire you as their CFO if you can fudge the numbers for them for 2-3 years. The salary in the big 4 is very low, and working hours extremely long, so many people's solo incentive is to fudge the numbers and become a highly paid CFO. I am not sure how true this statement is, but I don't think my friend has any incentive to lie to me.
|9341 || BORN||14-Apr-2011 09:13 PM|
|9326 || BORN||14-Apr-2011 08:31 PM|
So have you shorted this one, or bought the put options?
Today I looked at the September puts, and $7.5 put is over 1.6, and $10 put is over 3. That is way too expensive to justify a good risk/reward ratio.
|9323 || BORN||14-Apr-2011 08:18 PM|
I will pass this on to Bob
|9275 || BORN||14-Apr-2011 11:33 AM|
And I don't use margin accounts to do direct short positions, so I have to way aside.
I searched in Baidu.com, and couldn't find anything related to its product, so Alfred Little is most likely correct, sales in the black market.
And here is another possibility: They are making fake baijiu.