Seeking Alpha

Richard X Roe

 
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  • China Green Agriculture Shares Poised To Move Higher [View article]
    @Titan: Well, I haven't been paying the 10% borrow fee, but I am now strongly considering it. Buying a few puts probably is not a bad idea either. Based on what you just told us, CGA will be halted and delisted shortly. Of course, I prefer to have a proof that it is a complete fraud (like I do with its competitor YONG), but your answers so far will do too. Thank you!

    CCME hired a Big 4 auditor too, and so did WATG, and I am sure there were a few others I can't recall now. How did those turn out? So, looks to me, one should stay short a fraud not just until it is halted and delisted, but until its common is canceled.
    Apr 25, 2012. 10:32 PM | Likes Like |Link to Comment
  • China Green Agriculture Shares Poised To Move Higher [View article]
    @Titan: Yes, it is too late now for saying and writing. You need to start posting copies of the documents I mentioned. Based on what you have presented so far, the stock will be halted and delisted shortly.

    Why was Madoff standing for 7 years after the 2001 accusations? CGA is selling at low forward P/E because the market does not believe the cash and that forward E - in other words, the market believes that CGA is a fraud. As I said, somebody is short and is willing to pay more than 10% a year to stay short, which would be a great trade if CGA is a complete fraud and going to zero within a year.
    Apr 25, 2012. 06:43 PM | Likes Like |Link to Comment
  • China Green Agriculture Shares Poised To Move Higher [View article]
    @Titan: If Kabani is so great, why would naming a Big 4 audit firm really help the company achieve a more normalized valuation? I mean, didn't Kabani signed the statements of the fraud Bodisen, who pretended to be selling the EXACT SAME organic fertilzers that CGA now claims to be selling?

    Kabani have not gone over any documents from what I can tell. Of course, if you present to us the SAIC documents, the bank statements, etc, then we, the potential investors, will be able to go over them and determine whether there is a chance that CGA is not a complete fraud.

    You don't have to do anything. Your failure to present any evidence to the contrary indicates (even though it does not prove) that CGA is a complete fraud.
    Apr 25, 2012. 05:42 PM | Likes Like |Link to Comment
  • China Green Agriculture Shares Poised To Move Higher [View article]
    @Titan: So, if someone is ignorant of costs (etc), then that someone is long?

    What intense scrutiny? I am unaware of any intense scrutiny of CGA. Has the SEC investigated CGA formally? And, if so, what was the result of the investigation?

    Who is Kabani? Who pays him? What is the penalty if Kabani just collects the money and does no real auditing work whatsoever?

    Nobody cares what you have to do, and whether you stand or sit while you are making unsubstantiated statements. All the evidence that you have shown actually points to CGA being a complete fraud. If you want to convince your readers that CGA is poised to move higher (rather than poised for a halt and delisting), you have to do better. So, where are the SAIC filings, bank records, etc? Present them here so that we can do our own DD!
    Apr 25, 2012. 05:01 PM | Likes Like |Link to Comment
  • China Green Agriculture Shares Poised To Move Higher [View article]
    @Titan: The Madoff allegations surfaced in 2001, yet his firm continued to thrive and grow until late 2008. His firm went through numerous audits and excellent performance reports without a hitch. The SEC investigated his firm several times and found no wrongdoing. The evidence seemed to indicate that the allegations were without merit.

    So, you have to do better. Copies of SAIC filings (with chops), copies of bank statements, videos/pictures of the operations, explanation of the various issues raised by Alfred Little, etc, etc, etc. Because right now CGA seems to be nothing more than a complete fraud.

    People are willing to pay over 10% a year to stay short the stock. Why?
    Apr 25, 2012. 04:32 PM | Likes Like |Link to Comment
  • China Green Agriculture Shares Poised To Move Higher [View article]
    I don't understand. I see nothing in this article that shows that CGA is not a complete fraud. Did I miss something?
    Apr 25, 2012. 04:00 PM | 1 Like Like |Link to Comment
  • China Green Agriculture: What if It's Legitimate? [View article]
    Here is a recent "audit" of the single-superhuman-partner "auditor" Kabani:

    pcaobus.org/Inspection...

    It reads: failure, failure, failure, failure...
    Jul 22, 2011. 03:33 PM | Likes Like |Link to Comment
  • China Green Agriculture: What if It's Legitimate? [View article]
    Dear Titan:

    Please provide a link to the corrected version of CGA's FALSE, MISLEADING, AND FRAUDULENT press release! Why should CGA be more careful? Didn't Ernst & Young do their job as "an internal audit department?"
    Jul 22, 2011. 12:06 PM | Likes Like |Link to Comment
  • China Green Agriculture: What if It's Legitimate? [View article]
    Dear Titan:

    GAAP is GAAP. Even if all the Big 4 together served as "an internal audit department" of CGA, the statement "VAT Payment is an expense account entry on income statement" is clearly false. Any PRC or US CPA will tell you so. Your strong SUSPENSION is very amusing - who has suspended you?
    Jul 22, 2011. 11:20 AM | Likes Like |Link to Comment
  • China Green Agriculture: What if It's Legitimate? [View article]
    Dear Titan:

    Thank your for bringing the fraud CGA to my attention. I personally reviewed one of the CGA's "responses" ( news.q4websystems.com/... ) and I can confirm that anybody with basic understanding of financial reporting can immediately recognize that the following statement there is false: "VAT Payment is an expense account entry on income statement." Therefore, CGA is a fraud (and the perpetrators are rather unsophisticated, as they don't even know GAAP - PRC and US!).
    Jul 22, 2011. 10:27 AM | 1 Like Like |Link to Comment
  • China Green Agriculture: What if It's Legitimate? [View article]
    Dear Titan:

    WATG engaged a Big 4 auditor, which promptly caused a halt. It is very difficult for a fraud to "clear up its reputation."
    Jul 21, 2011. 08:19 AM | Likes Like |Link to Comment
  • China Green Agriculture: What if It's Legitimate? [View article]
    But dear Titan:

    If it weren't for Mr. Wu and other people who have exposed CGA and other frauds like it, you would not have lost the money you have lost. So, you should definitely sue him! Right now! And shut him up once and for all! Otherwise, he will continue to tell the truth and cause you insufferable pain!
    Jul 20, 2011. 03:52 PM | Likes Like |Link to Comment
  • China Green Agriculture: What if It's Legitimate? [View article]
    But dear Titan:

    Mr. Wu is causing YOU to lose money, by exposing CGA's fraud, so it is you that should be suing him for damages. CGA management could not care less - they already got the money and left you holding worthless stock. Any other sound advice you could offer?
    Jul 20, 2011. 03:23 PM | 1 Like Like |Link to Comment
  • China Green Agriculture: What if It's Legitimate? [View article]
    Dear Titan:

    Instead of advising Mr. Wu, why don't YOU sue him for "falsely and publicly accusing" your "investment" of fraud and causing you insufferable pain? Then you can keep the "big sum of money," if you win, for yourself!
    Jul 20, 2011. 02:46 PM | Likes Like |Link to Comment
  • China Green Agriculture: What if It's Legitimate? [View article]
    WATG was making simple parts for cars. How did that turn out? CMFO is clearly a fraud, the others are probably too.

    Say, what is more simple than diluting 20 parts of regular cheap NPK fertilizer in 70 parts water and adding an extra 5 parts of water-soluble humic acid and 5 parts of fluff? That's what YONG claims to do, yet it is still a complete fraud:

    docs.google.com/viewer...
    Jul 20, 2011. 01:58 PM | Likes Like |Link to Comment
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