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China Green Agriculture (CGA -1.3%) says reports about the company are "largely inaccurate" and...

China Green Agriculture (CGA -1.3%) says reports about the company are "largely inaccurate" and that it provided a comprehensive report to the SEC in response to an informal inquiry. Allegations are being "circulated by admitted short sellers," according to a statement. (PR)
Comments (3)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    LOL, that's what they said about rino.
    12 Jan 2011, 05:26 PM Reply Like
  • David White
    , contributor
    Comments (4048) | Send Message
     
    Small co. called J Capital says it has proof that the SAIC filings are largely accurate. This belies info given to the SEC. My experience says tax cheating in China seems to be "de rigeur". Discrepancy between SAIC filings and SEC filings is not necessarily telling. However, I am worried that J Capital says they can prove that the SAIC filings are largely accurate. J Capital says CGA is only worth $2.85/share.

     

    CGA has recently signed an export agreement to sell to India -- very positive. Plus both China and India had major flooding in the last year. Crops were hurt. They will both need fertilizer. This is very bullish for CGA.
    12 Jan 2011, 05:28 PM Reply Like
  • David White
    , contributor
    Comments (4048) | Send Message
     
    I should have mentioned that CGA has some tax exemptions from the Chinese government. These could explain some of the discrepancies between the SAIC filings and the SEC filings.
    12 Jan 2011, 05:34 PM Reply Like
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