tag:blogger.com,1999:blog-7294165939647321702.post4964398831238537452..comments2024-03-11T10:31:06.107-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Too Good To Be True?Saj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7294165939647321702.post-16635503812386893002011-12-20T15:26:33.916-05:002011-12-20T15:26:33.916-05:00Hi shb,
It looks even more like a fraud now. Chec...Hi shb,<br /><br />It looks even more like a fraud now. Check out <a href="http://www.barelkarsan.com/2010/12/dispute-as-to-whether-it-exists.html" rel="nofollow">this update</a> to this post.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-7055112735805615562011-12-20T08:41:10.239-05:002011-12-20T08:41:10.239-05:00What do you think of stock now?What do you think of stock now?shb600https://www.blogger.com/profile/05615460262072988354noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-53906737073209295182010-12-05T11:23:33.522-05:002010-12-05T11:23:33.522-05:00Such firms can only be dug out through deep screen...Such firms can only be dug out through deep screening of their current and past figures couple with rigorous grilling of their management repeatedly in different manner. <br /><br />Note: To these firms, numbers are just numbers. A return of capital is more important than a return on capital.<br /><br />Otherwise, I like your posts and have also linked your blog to mine. Thanks!MTH Investmentshttps://www.blogger.com/profile/00523146218701602591noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-49042295566596602412010-09-20T12:12:42.449-04:002010-09-20T12:12:42.449-04:00It's another Chinese reverse merger (originall...It's another Chinese reverse merger (originally ABC Realty Co. from North Carolina) that have a high likelihood of fraud. They share their IR firm CCG IR with exposed firms. Their auditors have had serious problems with the PCAOB in the past and they are also the previous auditors for China Sky One Medical (John Bird aka WaldoMushman has done private investigation and exposed them by finding huge differences in figures reported to Chinese authorities and figures reported to SEC). China Sky One has since switched to another shady auditor, MSPC.<br /><br />No matter how quickly these shady reverse mergers grow, no matter how successful they are, they find some excuse not to hire a Big-4 audit firm. There has to be a reason.<br /><br />There seems to be no margin of safety because the downside is zero and you either have blind faith or you don't. At worst, they may be making up their numbers, including cash balance. There have been occurrences where Chinese companies don't allow their auditors to see their bank statements (recently DYP), big firms would resign but small firms may not. And management has no risk of jail time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-73630950444167014662010-09-20T11:36:16.396-04:002010-09-20T11:36:16.396-04:00Did you get anything out on AMEX:ALN?Did you get anything out on AMEX:ALN?Anonymousnoreply@blogger.com