Since I began publicly disclosing my investigations of Chinese U.S. listed companies last year I have almost entirely focused on short selling. This has been very profitable for me since the sector, with the exception of the largest capitalization issuers, has declined substantially over the past year due to widespread evidence of accounting irregularities and outright […]
Do you still think SAIC filings do not matter? How about the SAT documents that are not accessible to independent third parties such as auditors? Think again: It is a Game Changer! SAIC and SAT filings matter: Deloitte finally chose to reference SAIC and SAT documents in its probe into China Mediaexpress Holdin (NASDAQ:CCME) operations: […]
What started out as a basic curiosity about the ownership structure of Subaye (NASDAQ:SBAY) led to an on-the-ground investigation into the fundamental operations of the company. Our initial red flags were born out of misrepresentations of ownership structure as well as questions into the effectiveness and potential of the company’s website and “cloud business products” in garnering meaningful revenues.
This morning’s Seeking Alpha article by Ian Bezek outlined various issues contained in YONG’s 2010 10-K. This is one of many articles that have questioned the legitimacy of YONG’s business. YONG is a company we had been quite cautious of in the past. The company had negative cash flow, raised money at valuations levels we […]
A reversal in extreme negative market sentiment requires a defining moment that can cause investors to act irrationally or just give up. Well, capitulation may have finally arrived. Whether you believe if the CCME saga was an example of “innocent before proven guilty” or “guilty before proven innocent”, the end result will be the same […]
It’s time for investors who still hang on to the premise that SAIC filings absolutely have no relation to SEC reported numbers in the analysis of FIE ChinaHybrids to wake up. Of course, the most ideal situation is to compare SAT filings with SEC filings. However, the relevance of facts leading to evidence that a […]
We have been adamant that in order for the ChinaHybrid space to flourish, companies need to abandon silly capital raises at asinine P/E multiples. Instead, during 2010 and into 2011 many ChinaHybrids have scurried to the deal flow ticket window to take a ride on the dilution train that left the station in 2009 – […]
Excerpt: In the maze of thronged and narrow streets that makes up Fujian province’s capital city of Fuzhou, a deft driver, if he’s willing–as all Chinese drivers apparently are–to nearly kill or injure vast numbers of his countrymen can take you to the foot of Dongjie street. There was little reason to be there save […]