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At GEO, our focus is on providing high quality insights on mid and micro cap equities, both in the China and U.S. spaces. Since our inception, we have come to be known by our GeoBargain selections, a group of stocks with a specific set of criteria that has proven to help them perform better than... More
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  • Sino Clean Energy (SCEI) Investigatory Report - Overstated Revenues? 13 comments
    Apr 26, 2011 2:16 PM

    We recently completed on-the-ground due diligence on Sino Clean Energy (NASDAQ: SCEI) regarding its Tongchuan facility and uncovered what we consider to be substantial misrepresentations by the company about its operations. As originally indicated in an earlier alert, we currently have a short position in SCEI.

    GeoTeam's Findings

    What follows are some highlights of our findings:

    1. Facility and Production Lines: Why Aren't They Operating?

    Our investigators visited SCEI's Tongchuan facility at Wangjiabian Village, Dongjiahe Town, Yaozhou District, Tongchuan Shaanxi Province. SCEI claims to have three production lines in this facility that provide a total capacity of 550,000 tons.See page 19 of the 2010 10-K

    However, our investigators relayed that there is likely only one production line in operation.

    To read full report, please go here.

    Disclosure:  Position in SCEI Puts

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Comments (13)
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  • ridcorruption2
    , contributor
    Comments (2) | Send Message
     
    Geoinvesting,

     

    Are you are a real company? I can't find public records of your business

     

    Here is the link to the Pennsylvania Business licensing department:

     

    www.corporations.state......

     

    I can't find you or the Market's Edge

     

    Here is a national search engine for the Better Business Bureau:

     

    www.bbb.org/us/Find-Bu......

     

    I can't find youor the Market's Edge here.

     

    I also have access to Hoover's Online and cannot find you there.

     

    I cannot find you on Manta either:

     

    www.manta.com/mb?searc......

     

    Please provide your public records for viewing to prove your legitamacy.
    29 Apr 2011, 01:15 PM Reply Like
  • The GeoTeam
    , contributor
    Comments (389) | Send Message
     
    Author’s reply » Have you tried to call us? The number is on our website. Are you afraid that you may be wrong?

     

    We also invite you to visit our office in Skippack, PA. It's funny that you can question the legitimacy of our existence without actually going about it in a more methodical way.

     

    The sites you mention..Obviously not trusted/complete sources since we have a PHYSICAL address in a relatively new corporate park and we are a registered LLC. I really don't need to go that much further in explaining this since I am obviously dealing with a biased commenter. You can do a little better than browsing a few websites.
    1 May 2011, 10:36 PM Reply Like
  • maxlogan
    , contributor
    Comments (24) | Send Message
     
    Oh, the irony!! Someone calls you (Geoinvesting) out for fraud, simply by doing an hour of due diligence on your website.

     

    You reply stating that you're real and that person should've called your offices, or visited your offices to get better information instead of calling fraud the first minute they have.

     

    Wow Maj, sound familiar?? Wonder if you should've called the company before calling them fraud?
    2 May 2011, 08:03 AM Reply Like
  • The GeoTeam
    , contributor
    Comments (389) | Send Message
     
    Author’s reply » There's no irony, and you actually made the point FOR us!. We visit the companies. It doesn't get much more personal than that. You apparently haven't been following the events.
    2 May 2011, 08:29 AM Reply Like
  • Arthur_Big
    , contributor
    Comments (174) | Send Message
     
    Geoinvesting is a real company. They are good at using the promise to sell inside information to their subscribers so they can trade on it prior to disclosing it.

     

    Trust me, these individuals that buy the information wtih subscriptions to their site have made money.

     

    hitpieceresearch.com
    30 Apr 2011, 02:07 PM Reply Like
  • Arthur_Big
    , contributor
    Comments (174) | Send Message
     
    Ridcorruption -

     

    To verify there existence you should talk to the starbucks around the corner and see what the store clerk has to say about their operation.

     

    I am sure he can provide insight if they pay their taxes, etc.
    2 May 2011, 07:31 AM Reply Like
  • nostores
    , contributor
    Comments (75) | Send Message
     
    I suppose when you are investigating/busting one of your many frauds, you speak solely to management of said targets?
    2 May 2011, 08:03 AM Reply Like
  • Arthur_Big
    , contributor
    Comments (174) | Send Message
     
    Nostores - to answer your question. No. I don't speak solely to management, but they surely are a resource.

     

    In the latest complaint i sent to the SEC I made it very clear too look at the hit pieces and for them to determine if these authors are trying to spin the data to the negative and throwing 50 to 60 claims in there when easily 48 to 58 would be defendable with a simple conversation with the company, its counsel, the people on the ground. This is not being done because they are looking to manipulate.
    15 Jun 2011, 09:16 AM Reply Like
  • nostores
    , contributor
    Comments (75) | Send Message
     
    Dude, you suck at counting. Out of 50 claims the hit rates have been well over 50%. The accuracy of crap IB's like Rodman, GH, Roth has been way lower.

     

    SCEI responded with fake videos. What is the point in talking to their CEO? CBEH reopened on the pink sheets today. Seems like there might have been some validity to Al's claims huh? PUDA is still halted.. Hmm maybe something up there too. WATG is halted. Who else has he covered DEER and CHNG? They are both going pink eventually. So two are halted, one is delisted and two are doing such a great job of defending themselves that their share price has been cut in half since his initial allegations and you are going to claim a 90% failure rate on his allegations.

     

    You either have skin in the game in trying to give moron longs hope or you're just ridiculously delusional. Either way you add no value to society with this crusade of yours.
    15 Jun 2011, 10:45 AM Reply Like
  • Arthur_Big
    , contributor
    Comments (174) | Send Message
     
    We will see what the SEC and authorities think.

     

    I received some new information from your friends at Geoinvesting, will be going live shortly with some new information about on the ground research.

     

    I do have skin in the game. That skin involves time, energy and money i spent to host my website.
    15 Jun 2011, 11:06 AM Reply Like
  • nostores
    , contributor
    Comments (75) | Send Message
     
    I've seen several articles about the SEC looking into these frauds. I haven't seen anything where they express concern about the short sellers in the RTO space. Any links?
    15 Jun 2011, 11:46 AM Reply Like
  • Arthur_Big
    , contributor
    Comments (174) | Send Message
     
    Really? The SEC set up a portal to discuss this very issue.

     

    www.sec.gov/comments/4...
    15 Jun 2011, 12:08 PM Reply Like
  • Arthur_Big
    , contributor
    Comments (174) | Send Message
     
    When SEC acts, what will they do with the gains they take back from short sellers hit piece authors and the fines they charge them?

     

    www.sec.gov/comments/4...
    www.sec.gov/comments/4...

     

    There are many programs in the US that could use such donation, especially after the tornadoes and flood damage.
    15 Jun 2011, 09:10 AM Reply Like
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