|10060 || LFT||07-May-2011 03:29 AM|
I am very interested in seeing the SAIC and Tax filings of Longtop Financial Tech
(NYSE:LFT) and its third party HR staffing company: Xiamen Longtop Human Resources Services Co (XLHRS) mentioned in citron's hit piece. Can you help on this?
|9142 || ||11-Apr-2011 03:54 PM|
We take your questions seriously. If it is important to you, it is important to us and most likely to others as well. The more we collaborate with each other, the better our community here at GeoInvesting will become.
|11754 || ||27-Aug-2011 03:25 PM|
Night.. all good questions. We explain in the right hand column of the RA page that we deem a match to occur when SAIC vs SEC revenues are + or - 25%. This basically validates that a company has operations to some extent. The next step is the analysis of net income and other financial items. So matching revenues should not be considered a total validation of the company. We are developing company pages that will reveal more info on certain line items since ultimately we do agree with you that more information is needed. The items will be sales, income, cash, liabilities, assets, book value per share, EPS
We will forward an email we had sent to members several months ago that went into more detail on many of the companies that we have SAIC information on.
Zou.. Please send this email.
|11744 || ||26-Aug-2011 06:11 PM|
Re revenue vs net income: in GeoInvesting's research, it is reported that HOGS' SAIC and SEC filings do not match with respect to net income. Yet in the Risk Analysis table, it is reported that HOGS' filings do match with respect to revenues. So a stock can be risky even with a revenue match, and it would be helpful to know if net income matches as well. It might also be interesting to know if there was a match on book value, etc.
|11742 || ||26-Aug-2011 06:01 PM|
Another question. Suppose the SEC and SAIC statements match with respect to revenue, but don't match with respect to Net Income or shareholder's equity? Would such a company be recorded as an SEC/SAIC match or a mismatch?
|11741 || ||26-Aug-2011 06:00 PM|
One of the columns in your Risk Analysis summary reports whether each company's SEC revenue matches its SAIC revenue. The values are coded Yes,No,Under investigation and TBD.
How close does the match need to be to merit a Yes? I wonder if it would be more valuable to report the size of the mismatch rather than just a Yes or No. It would be helpful to know if the SEC revenues exceed the SAIC revenues by 5%, by 50%, or by 500%.
|11681 || CIWT, GPRC||18-Aug-2011 08:09 PM|
|10416 || CCCL, CEHD, CIHD, CSGH, DANG||03-Jun-2011 12:51 PM|
|10373 || CBEH, CELM, CGPI, CHNG, CTXIF||31-May-2011 05:36 PM|
Scott, I will speak with Bob tonight about China Linen Textile (OOTC:CTXIF) and Yasheng (OOTC:YHGG). Sorry you are not getting value from the site. But I will tell you how I use it
1. Manage portfolio risk by avoiding companies that fail at various levels of the DD procedure.
2. Short stocks that fail at various levels of the DD procedure
3. Maybe, and it's a big maybe, go long stocks that pass various levels of the DD procedure
Currently, I primarily use the information for steps one and two. I want to go long, but there are ways even legit companies can and do defraud investors. Not to mention the risk of hit pieces on companies that look legit on the surface.
Using this framework has helped me avoid Sino Clean Energy (OOTC:SCEI) China Redstone Group (OOTC:CGPI) Puda Coal (OOTC:PUDA) Skystar Bio-Pharma (NASDAQ:SKBI) Lotus Pharmaceuticals (OOTC:LTUS) Weikang Bio-Tech (OOTC:WKBT) China Natural Gas (OOTC:CHNG) China Integrated Energy (OOTC:CBEH) China Electric Motor (OOTC:CELM) and countless other bombs I may have regrettably gone long.
|10353 || CTXIF||30-May-2011 07:41 PM|
I have been waiting several months for the China Linen Textile (OOTC:CTXIF) report. Please provide an estimate of when you expect it to be published. CTXIF mgmt has already indicated that it matches fine but I am waiting on the verification from you. I have signed up as a premium subscriber for now. I am still trying to figure out the actual benefit of being a premium subscriber to substantiate an annual fee of $120.
|10167 || LFT||14-May-2011 07:53 AM|
Iwaving.. We should have received some Longtop Financial Tech (NYSE:LFT) filings last night. We will discuss in the Ask Bob board once we analyze information.