Due Diligence
Below are a handful of influential due diligence articles that helped to expose the not so honest companies ideas that have enabled us to become a top publisher of intensive research-driven content.
| Symbol | Company | Highlights | Price at time of breaking story | Halted | De-listed | Current Price |
| PUDA | Puda Coal, Inc | * The company transferred all of the U.S. shareholders interest to the Chairman and an investment firm in China.
* It appeared that U.S. shareholders only had minimal ownership of Shanxi * Due Diligence exposed a strikingly complex ownership interest transaction histories w/r/t Shanxi Coal and Shanxi Puda Mining. * The Company admitted its wrong doing. * SAIC filings was main source used to prove fraud. |
~$10.00 | Yes | Yes | $0.00 |
| YUII | Yuhe International, Inc | * OTGDD proved that the company was misappropriating funds.
* YUII never acquired 13 farms from Dajiang Enterprise Group Co., Ltd. * Due Diligence found that the company may have misappropriated $12.1 million, misleading investors about the use of this money for the Dajiang farms acquisition. * Company quickly admitted to wrong doing. * The auditor resigned |
$5.05 | Yes | Yes | $0.00 |
| CGPI | China Redstone Group Inc | * Our OTGDD showed that CGPI did not own the land they have claimed to have owned to operate their cemetery business.
* We purchased two cemetery plots from a CGPI sales rep, proving that the company was exaggerating the sale price of its cemetery plots. * Due Diligence uncovered that the Cemetery Business Service License of Guiyuan Cemetery had been revoked/suspended. * Guiyuan Cemetery Company was not permitted to continue its cemetery business. * Company eventually conceded to the facts presented by GeoInvesting. * CFO resigned on April 22, 2011 |
$3 | No | Voluntarily went dark | $0.00 |
| SCEI | Sino Clean Energy | * Our on-the-ground due diligence proved the company was materially exaggerating its manufacturing capacity and customer relationships. | $3.65 | Yes | Yes | N/A |
| ORSX | Orsus Xelent Technologies Inc. | * Our on-the-ground due diligence proved this company essentially had no operations. | $2.28 | Yes | Yes | $0.02 |
| LTUS | Lotus Pharmaceuticals Inc | * Our on-the-ground due diligence indicated that the price the company paid for one of its parcels of land was significantly higher than what the land was worth.
* Redchip ignored our findings. * We concluded that the company likely misappropriated company funds through this purchase of land. * After indicating that on several occasions that it had sufficient capital to conduct operations, the Company is experiencing a liquidity crunch currently with an extremely low level of working capital, and will be unable to continue to spend on auditing and other professional services that are required for a public company. |
$2.02 | No | Voluntarily went dark | $0.01 |
| NEWN | New Energy Systems Group. | * Analysis of SAIC filings indicated several suspicious details/related party transactions regarding acquisitions. | $4.16 | No | No | <$0.50 |
| SBAY | Subaye Inc | * We performed on-the-ground due diligence
* Interviewed receptionist and adjacent businesses. * Evidence supporting our view that shareholder had no claim to SBAY’s potential revenue. * We could not locate/verify the more than 1500 employees SBAY claimed to have. * Auditor Resigned |
$7.20 | Yes | Yes | $0.00 |
| LPIH | Longwei Petroleum Investment Hold Ltd | * Performed on-the-ground due diligence which revealed that LPH operations are virtually non-existent
* Wholesale petroleum business is virtually non-existent * Inconsistencies in SEC filings * Non-disclosed $32 million investment in a tourism business made a subsidiary, Shanxi Zhonghe Energy Conversion Co., Ltd. * Eerie ties to Puda Coal * We question SAT/SAIC filings disclosed by LPH on June 29, 2012 for the calendar year 2011 |
$2.30 | Yes | Yes | $0.00 |
| LLEN | L&L Energy, Inc. | A Series of Reports Showed:
* Through due diligence, GeoInvesting uncovered evidence that appears to indicate that LLEN does not own and never acquired the Ping Yi Mine * Recordings and Transcripts Provided Conclusive Proof that L & L Int (LLEN) Never Purchased the Ping Yi Mine * The DaPuAn and SuTsong Mines Shutdown, Calling into Question Historical Production. |
~$2.00 | Yes | Yes | $0.01 |
| FABU | Fab Universal Corp | * FAB issued RMB 100 million ($16.4 million) of bonds to Chinese investors through one of its VIE subsidiaries, Beijing Fab Digital Entertainment Products Co., Ltd. (“FAB Digital”), and failed to disclose this debt in its U.S. filings.
* Concrete evidence of such practice was offered. |
$3.50 | Yes | Yes | $0.03 |