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David Chan  

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  • Longwei Petroleum: The Most Brazen China-Based U.S. Listed RTO To Date [View article]
    Very. I was thinking of going in with 10k shares just as a "all bets on red" sorta thing. Toups had a very questionable history with a few delisted Chinese firms was why I had little conviction other than playing the PR rebound.

    But after AIG, you learn to tame your itchy trigger fingers. lol
    Jan 3, 2013. 10:01 PM | 1 Like Like |Link to Comment
  • Longwei Petroleum: The Most Brazen China-Based U.S. Listed RTO To Date [View article]
    I almost bought into this thing a month ago. Even though it ran up 20% or so afterwards I didn't feel like I missed out. The threat of something like this is always there with emerging market tickers.

    And this story just shows you cannot trust what you read blindly. I bought AIG in 2007 thinking it was a smart investment. When management deceive nothing matters.

    Knowing how weak corporate governance controls are in mainland China, this comes as no surprise. Job well done sir on the expose.
    Jan 3, 2013. 11:56 AM | 2 Likes Like |Link to Comment
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