Bill Simpson

Is Lihua International Cooking Its Books? Part II

Very Nicely done...Also like your work on arbitraging these China spin-offs...keep 'em coming.

Tri-Tech Holding: The Most Exciting Chinese IPO Ever Listed

hey i am than willing to make money off crap stocks too in a bull phase,,,,just no reason to call a low quality micro-cap the most exciting stock etc...you know very well it isn't and when this come tumbling down a la SINO at some point you will be long gone from the trade. call it a low float spec play that should work because these have been working, don't start calling something like this one with terms we both know it does not deserve. congrats on the trade, these things definitely been working...liwa and rcon running recently as well.

Tri-Tech Holding: The Most Exciting Chinese IPO Ever Listed

debate it never futile. your hype is quite silly actually. trust me, I've been making a living trading ipos for a decade and have never resorted to the kind of overblown hype like 'most exciting ipo ever'. You do a disservice to our profession.

Tri-Tech Holding: The Most Exciting Chinese IPO Ever Listed

you cannot say every China stock is a scam. I am long DGW and LIWA at the moment actually. these Anderson ipos do well initially due to the small float...over time though they generally prove to be lower quality companies. EFUT I have issues with as well, another former Anderseron ipo as was PSOF and SINO I believe. I analyze company financials for a living and there are real/tangible issues here with TRIT cash flows that do not exist in every Chinese company...you cannot simply slap on a multiple that is equal to other companies when real issues exist. the fact is, these Anderson ipos are simply lower quality usually than other china ipos...and yeah they can be moved early due to small float(I owned RCON even though it looks very scammish also). careful standing when the music stops though.

Tri-Tech Holding: The Most Exciting Chinese IPO Ever Listed

How exactly do you explain the balloning accounts receivables here? They were sitting around $4 million as of 6/30/09 for a company with a $5 million run rate on the year through 6/3/09. Cash flows are ugly...you are using this 800k number for earnings, fact is however the company LOST nearly $1 million dollars in the quarter cash flow wise. this looks like a scam stock to me.

please read page 9 of the 10-Q:

www.sec.gov/Archives/e...