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Uncovering China Sky One Medical's Shoddy Practices
In a previous post I raised questions about China Sky One Medical Inc. (Nasdaq GM: CSKI), including an unusual insider stock transaction, past accounting irregularity, use of dubious auditors, frequent changes of auditors, and the appointment of a non-financial graduate student as a director and “audit committee financial expert.”
More »Is CSKI’s Late Filing of 10-K a Warning Sign?
As one of the success stories among Chinese reverse-merger stocks, CSKI ascended from OTC BB to AMEX and then all the way to Nasdaq Global Market all in last year. Until last week, the stock has been one of the better-performing small-caps in the present market turmoil. Then the music stopped last week when the company was unable to file its 2008 annual report with SEC on time.
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