Chris Wu's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/752908/comments http://seekingalpha.com/article/295110/comments?source=feed#comment-1930423 1930423
For those who wondered why I haven't responded to some of the comments, questions and personal attacks on SA, I'm in China checking out what trick SVM is trying to pull off on its investor tour. I'm also seeking my official opinions and comments on all SVM's purported "official" documents, especially the lack of proof to substantiate its income taxes payment. Will respond some of the fallacies (such as the preposterous explanation about Chinese tax law treatment on inter-corporate dividend) put out by SVM in its press releases and rebuttals when I return.]]> Sat, 24 Sep 2011 10:26:56 -0400
For those who wondered why I haven't responded to some of the comments, questions and personal attacks on SA, I'm in China checking out what trick SVM is trying to pull off on its investor tour. I'm also seeking my official opinions and comments on all SVM's purported "official" documents, especially the lack of proof to substantiate its income taxes payment. Will respond some of the fallacies (such as the preposterous explanation about Chinese tax law treatment on inter-corporate dividend) put out by SVM in its press releases and rebuttals when I return.]]> http://seekingalpha.com/article/294683/comments?source=feed#comment-1930412 1930412 Sat, 24 Sep 2011 10:20:06 -0400 http://seekingalpha.com/article/294683/comments?source=feed#comment-1921727 1921727
Yes, multi-nationals make a substantial amount of the money from China regularly have trouble repatriating the cash to the home country due to the issue of tax and restriction on FX flow. For companies like P&G, KO and GE, if you research more, you can see they pay most of their dividend from the cash held in the US here. What makes you think the Chinese government is okay for you to make money there and easily pull them out of the country instead of reinvesting it locally? Basically, repatriating the cash in China for paying dividend makes no financial sense and pisses off the local government.

As for a Chinese investment company buying SVM - not possible because it's incredibly hard to get approval from SAFE and MOFCOM (fx and ministry of commerce) to move their cash offshore. If some company really wanted to buy them, they've have bought the local subsidiaries directly, not SVM. This argument also raises the questions that if SVM's incredibly good silver grade and low cash cost was indeed true, why didn't they, in the very beginning, go public in China where the valuation is A LOT better. Why come to a place like Canada where they're getting crappy valuations and scrutinized by short sellers? I think the answer lies in the loose or lack of oversight in the going public process by the weak Canadian securities regulations. This is also one of the key points that make the whole Silvercorp story too good to be true.]]> Tue, 20 Sep 2011 22:02:28 -0400
Yes, multi-nationals make a substantial amount of the money from China regularly have trouble repatriating the cash to the home country due to the issue of tax and restriction on FX flow. For companies like P&G, KO and GE, if you research more, you can see they pay most of their dividend from the cash held in the US here. What makes you think the Chinese government is okay for you to make money there and easily pull them out of the country instead of reinvesting it locally? Basically, repatriating the cash in China for paying dividend makes no financial sense and pisses off the local government.

As for a Chinese investment company buying SVM - not possible because it's incredibly hard to get approval from SAFE and MOFCOM (fx and ministry of commerce) to move their cash offshore. If some company really wanted to buy them, they've have bought the local subsidiaries directly, not SVM. This argument also raises the questions that if SVM's incredibly good silver grade and low cash cost was indeed true, why didn't they, in the very beginning, go public in China where the valuation is A LOT better. Why come to a place like Canada where they're getting crappy valuations and scrutinized by short sellers? I think the answer lies in the loose or lack of oversight in the going public process by the weak Canadian securities regulations. This is also one of the key points that make the whole Silvercorp story too good to be true.]]> http://seekingalpha.com/article/294683/comments?source=feed#comment-1921700 1921700
I don't see how the author's demand of having the mine re-assessed by an independent, internationally renowned geological firm with a team in China is an unreasonable demand.]]> Tue, 20 Sep 2011 21:47:58 -0400
I don't see how the author's demand of having the mine re-assessed by an independent, internationally renowned geological firm with a team in China is an unreasonable demand.]]> http://seekingalpha.com/article/294683/comments?source=feed#comment-1921689 1921689
"When asking about the geologists who researched the mine, Xian said that they are from Spokane, Washington. "OK, and they flew from Washington to China earlier this year?" I asked. "Yes," she answered.

After Alfred Little's report (.pdf) came out, I quickly sold my long position. I had another conversation with Xian and I asked deeper questions. According to Alfred Little's article, no geologist has visited the mine since 2008. Xian again asserted that Silvercorp bought the geologists plane tickets and they came to look at the mine earlier this year. However, upon further questions, Xian said they have no proof or documents for the plane ticket purchases. I asked if I could speak with the American geologists Mel Kohn or Chris Broili from BK Exploration Associates who made the mineral resource estimates of the mine, she said she didn't have their contact info."]]> Tue, 20 Sep 2011 21:42:46 -0400
"When asking about the geologists who researched the mine, Xian said that they are from Spokane, Washington. "OK, and they flew from Washington to China earlier this year?" I asked. "Yes," she answered.

After Alfred Little's report (.pdf) came out, I quickly sold my long position. I had another conversation with Xian and I asked deeper questions. According to Alfred Little's article, no geologist has visited the mine since 2008. Xian again asserted that Silvercorp bought the geologists plane tickets and they came to look at the mine earlier this year. However, upon further questions, Xian said they have no proof or documents for the plane ticket purchases. I asked if I could speak with the American geologists Mel Kohn or Chris Broili from BK Exploration Associates who made the mineral resource estimates of the mine, she said she didn't have their contact info."]]> http://seekingalpha.com/article/294683/comments?source=feed#comment-1921670 1921670
Ever heard of a company called CBEH? Their factory has proven to be idle all the time and the mgmt just staged a busy day when a group of investors visited. BTW, I think SVM is sending the same two-man unincorporated shop that did the original 2004 report back there again, not an internationally renowned consulting firm. Interesting SVM tried so hard not have people focus their attention on the original geological report they filed to SEDAR in 2004/2005, because this report is such a joke compared to the real numbers they reported to the government (9x exaggeration in resource base). BTW, looks like even their own two-man shop admitted it was solely based on what SVM provided to them:

"On the mine report on Silvercorp's website here (.pdf), on pages 111 to 113 are the personal reports of Mel Kohn, Wenchang Ni, and Chris Broili. Mel Kohn states the last time he visited the mine was in 2007, Chris Broili said he visited it in 2008. The only one who said he inspected the mine in 2011 was Wenchang Ni who, as stated in the Silvercorp produced report, also happens to be a non-independent full time employee of Silvercorp and owns Silvercorp stock and stock options."


"How about all the insider buying ? Would Rui and others be buying if they new they were committing fraud ????"

Because the little money they've spent on buying the stock is nothing compared to what they have to lose if the stock goes south (i.e. losing salary, perks, equity compensation, reputation plus facing time behind the bars). This is probably they've been aggressively crying, promoting the stock while keep failing the address the actual allegations. On top of those questionable "official" documents they published on their own websites, the most recent rebuttals they put out on their website contains numerous fallacies and misstatement about the business, legal and taxation system in China, including some basic college level calculation and accounting errors.]]> Tue, 20 Sep 2011 21:31:43 -0400
Ever heard of a company called CBEH? Their factory has proven to be idle all the time and the mgmt just staged a busy day when a group of investors visited. BTW, I think SVM is sending the same two-man unincorporated shop that did the original 2004 report back there again, not an internationally renowned consulting firm. Interesting SVM tried so hard not have people focus their attention on the original geological report they filed to SEDAR in 2004/2005, because this report is such a joke compared to the real numbers they reported to the government (9x exaggeration in resource base). BTW, looks like even their own two-man shop admitted it was solely based on what SVM provided to them:

"On the mine report on Silvercorp's website here (.pdf), on pages 111 to 113 are the personal reports of Mel Kohn, Wenchang Ni, and Chris Broili. Mel Kohn states the last time he visited the mine was in 2007, Chris Broili said he visited it in 2008. The only one who said he inspected the mine in 2011 was Wenchang Ni who, as stated in the Silvercorp produced report, also happens to be a non-independent full time employee of Silvercorp and owns Silvercorp stock and stock options."


"How about all the insider buying ? Would Rui and others be buying if they new they were committing fraud ????"

Because the little money they've spent on buying the stock is nothing compared to what they have to lose if the stock goes south (i.e. losing salary, perks, equity compensation, reputation plus facing time behind the bars). This is probably they've been aggressively crying, promoting the stock while keep failing the address the actual allegations. On top of those questionable "official" documents they published on their own websites, the most recent rebuttals they put out on their website contains numerous fallacies and misstatement about the business, legal and taxation system in China, including some basic college level calculation and accounting errors.]]> http://seekingalpha.com/article/292389/comments?source=feed#comment-1921645 1921645
Okay, let me repeat one more time. SVM only published a filing form for income tax return and thought they could fool dumb, naive investors for not knowing the taxation system in China. For what they should have to substantiate any actual income tax payment, see their own documents and tax receipts for VATs (except the payment record for VATs was merely an electronic print out which is quite questionable itself). Let me get it out there. I won't be surprised if more than one of those documents on SVM's website turns out to be forged. Having said that, now that you acknowledged SVM has failed to provide a real tax receipts, I think I'll post a real income tax receipt in the separate SA article I've been working on, just so that the smart, promotional mgmt of SVM can learn what they should have if they really paid any income tax (and perhaps have something they can copy?).

Since SVM is being investigated by the regulator and its own board now, I don't see why the burden of proof isn't on itself to prove its innocence. So far, they haven't been able to properly address fraud allegations without making basic accounting/tax mistakes and stating some total fallacies about Chinese tax laws. For details, see my comment on Adam's new article "Silvercorp's Management Speaks In Exaggerations And Half-Truths".

Adam has earned my respect for his allegiance to the truth and outspokenness.]]> Tue, 20 Sep 2011 21:18:28 -0400
Okay, let me repeat one more time. SVM only published a filing form for income tax return and thought they could fool dumb, naive investors for not knowing the taxation system in China. For what they should have to substantiate any actual income tax payment, see their own documents and tax receipts for VATs (except the payment record for VATs was merely an electronic print out which is quite questionable itself). Let me get it out there. I won't be surprised if more than one of those documents on SVM's website turns out to be forged. Having said that, now that you acknowledged SVM has failed to provide a real tax receipts, I think I'll post a real income tax receipt in the separate SA article I've been working on, just so that the smart, promotional mgmt of SVM can learn what they should have if they really paid any income tax (and perhaps have something they can copy?).

Since SVM is being investigated by the regulator and its own board now, I don't see why the burden of proof isn't on itself to prove its innocence. So far, they haven't been able to properly address fraud allegations without making basic accounting/tax mistakes and stating some total fallacies about Chinese tax laws. For details, see my comment on Adam's new article "Silvercorp's Management Speaks In Exaggerations And Half-Truths".

Adam has earned my respect for his allegiance to the truth and outspokenness.]]> http://seekingalpha.com/article/292389/comments?source=feed#comment-1919947 1919947 Tue, 20 Sep 2011 11:04:58 -0400 http://seekingalpha.com/article/292389/comments?source=feed#comment-1919931 1919931 Tue, 20 Sep 2011 11:02:01 -0400 http://seekingalpha.com/article/292389/comments?source=feed#comment-1919486 1919486
1. Proof of income tax payment in China was intentionally insufficient and failed to substantiate any actual income tax payment. What SVM provided was merely a filing form which can be picked up and filled out by anyone at any tax bureau as the first step of filing tax returns in China. As a legal proof of complete tax payment, one has to supply the official tax receipts stamped with the chops from at least three places (company, tax bureau and its bank), as well as a payment proof from the financial institution. It's without a doubt SVM mgmt is fully aware of this requirement since these were the exact items SVM provided for documents to prove the VAT payment (admittedly one of those items was a little questionable too). Therefore, I think such omission of the key proof of can very well be intentional in nature. Until some concrete and sufficient proof is provided, I'm highly skeptical SVM actually paid any corporate income tax, i.e. earned any profit.]]> Tue, 20 Sep 2011 08:43:37 -0400
1. Proof of income tax payment in China was intentionally insufficient and failed to substantiate any actual income tax payment. What SVM provided was merely a filing form which can be picked up and filled out by anyone at any tax bureau as the first step of filing tax returns in China. As a legal proof of complete tax payment, one has to supply the official tax receipts stamped with the chops from at least three places (company, tax bureau and its bank), as well as a payment proof from the financial institution. It's without a doubt SVM mgmt is fully aware of this requirement since these were the exact items SVM provided for documents to prove the VAT payment (admittedly one of those items was a little questionable too). Therefore, I think such omission of the key proof of can very well be intentional in nature. Until some concrete and sufficient proof is provided, I'm highly skeptical SVM actually paid any corporate income tax, i.e. earned any profit.]]> http://seekingalpha.com/article/292389/comments?source=feed#comment-1918829 1918829
As I mentioned, two things about SVM that particularly failed my smell test just like the ones for CCME - a story from a tiny town in China that's too good to be true and aggressively promotional PR campaign to promote its stock. Just a little common sense about SVM's highly publicized buyback, if one company is truly interested in creating value through buying back undervalued shares, why would they want to put out a press release after they've done less than half of the amount under its NCIB, potentially jacking up the price? A rational mgmt would have purchased the entire 10 million shares before putting out any promotional PR instead of doing it only after 3.9 million shares were bought. If you really want people to believe your stock is undervalue, why wasting time going on TV, radio and roadshow to prop up your stock price? Just be quiet and finish buying the 10 million shares.

Just like CCME's buyback, dividend and continuos stock promotion, it occurs to me that SVM cares more about the publicity generated by the buyback rather than the true value created by it. ]]> Mon, 19 Sep 2011 21:44:53 -0400
As I mentioned, two things about SVM that particularly failed my smell test just like the ones for CCME - a story from a tiny town in China that's too good to be true and aggressively promotional PR campaign to promote its stock. Just a little common sense about SVM's highly publicized buyback, if one company is truly interested in creating value through buying back undervalued shares, why would they want to put out a press release after they've done less than half of the amount under its NCIB, potentially jacking up the price? A rational mgmt would have purchased the entire 10 million shares before putting out any promotional PR instead of doing it only after 3.9 million shares were bought. If you really want people to believe your stock is undervalue, why wasting time going on TV, radio and roadshow to prop up your stock price? Just be quiet and finish buying the 10 million shares.

Just like CCME's buyback, dividend and continuos stock promotion, it occurs to me that SVM cares more about the publicity generated by the buyback rather than the true value created by it. ]]> http://seekingalpha.com/article/292389/comments?source=feed#comment-1918806 1918806 Mon, 19 Sep 2011 21:35:24 -0400 http://seekingalpha.com/article/292389/comments?source=feed#comment-1918805 1918805
Well, in fact SVM hasn't done that. I still don't see the proof to substantiate any actual income tax payment. As I mentioned above, what SVM released was merely a income tax filing form, the 1st step of filing a tax return. To substantiate an actual tax payment, one needs to show the 3 items I mentioned above. This is why I stated SVM is, in my opinion, gaming the lack of knowledge about Chinese taxation system by the average joes in North America.]]> Mon, 19 Sep 2011 21:35:03 -0400
Well, in fact SVM hasn't done that. I still don't see the proof to substantiate any actual income tax payment. As I mentioned above, what SVM released was merely a income tax filing form, the 1st step of filing a tax return. To substantiate an actual tax payment, one needs to show the 3 items I mentioned above. This is why I stated SVM is, in my opinion, gaming the lack of knowledge about Chinese taxation system by the average joes in North America.]]> http://seekingalpha.com/article/293849/comments?source=feed#comment-1908701 1908701 www.asensio.com/china/...). Sadly, such attempted didn't work with the webpage archived by Asensio.com.

On top of your proof of the existence of the officials that being falsely labelled by DEER as "false identities", DEER told another ridiculous lie by claiming that Mr. Liu A*L spoke earlier didn't exist. The guy's existence and his 6 years of history at the same government department you called has been proven with the audio recording of a phone call in the A*L report (vimeo.com/25819357). I guess such a ridiculous lie by a the mgmt of a public company with $200 market cap to cover up its dirty is really common in the capital markets, huh? It's a shame such blatant type of fraud even exist in today's market.]]> Thu, 15 Sep 2011 10:12:59 -0400 www.asensio.com/china/...). Sadly, such attempted didn't work with the webpage archived by Asensio.com.

On top of your proof of the existence of the officials that being falsely labelled by DEER as "false identities", DEER told another ridiculous lie by claiming that Mr. Liu A*L spoke earlier didn't exist. The guy's existence and his 6 years of history at the same government department you called has been proven with the audio recording of a phone call in the A*L report (vimeo.com/25819357). I guess such a ridiculous lie by a the mgmt of a public company with $200 market cap to cover up its dirty is really common in the capital markets, huh? It's a shame such blatant type of fraud even exist in today's market.]]> http://seekingalpha.com/article/292389/comments?source=feed#comment-1905530 1905530
1. Proof of income tax payment in China was intentionally insufficient and failed to substantiate any actual income tax payment. What SVM provided was merely a filing form which can be picked up and filled out by anyone at any tax bureau as the first step of filing tax returns in China. As a legal proof of complete tax payment, one has to supply the official tax receipts stamped with the chops from at least three places (company, tax bureau and its bank), as well as a payment proof from the financial institution. It's without a doubt SVM mgmt is fully aware of this requirement since these were the exact items SVM provided for documents to prove the VAT payment (admittedly one of those items was a little questionable too). Therefore, I think such omission of the key proof of can very well be intentional in nature. Until some concrete and sufficient proof is provided, I'm highly skeptical SVM actually paid any corporate income tax, i.e. earned any profit.

2. List of customer by sales. First of all, what amount of time does it take for a $1.4B MC company to translate a simple list of customers given they've already done it for other documents? As we have learned from yesterday Alfred Little report, two large customers are quite questionable. Secondly, some other customers, albeit small, are apparently some kind of jokes and their names don't even fit the convention and legal requirement of naming an actual company in China. Combined these two events, it lead me to believe for some reason, SVM did not want investors to scrutinize its customer base. Funny, the major customers weren't even disclosed until they received that anonymous letter, which we have yet seen so far.

3. All bank statements from China are questionable. If SVM is sincerely transparent, why doesn't it publish a bank statement with a whole quarter's history instead of such a narrow time period. It's also funny for a company with this kind of purported revenue/volume to have such large amount of term deposits. What those bank statements failed to show is whether there's the other side to these supposedly "free" cash. I say, why doesn't SVM publish an entire quarter's bank statement, so we can take a better look to determine whether the cash is restricted or collateralized against any off balance sheet liabilities? As it proven in CCME, LFT's cases through auditor discovery of accounting irregularities and resignations, "cash" can be faked too.


One word for the company's supporter or promoters coming up with excuses for the company's shady selective disclosure and questionable documents - Just because your operations are in China, doesn't mean a billion dollar company shouldn't hold itself to a higher standard of the capital markets here. It takes less than 10 minutes for a honest, transparent company to translate a list of its own customers. How about SVM giving us some more details on those funny customers such as "汇源公司" and "同杰公司" on its list?

It sucks I couldn't even get any borrow in this stock now.]]> Wed, 14 Sep 2011 01:09:05 -0400
1. Proof of income tax payment in China was intentionally insufficient and failed to substantiate any actual income tax payment. What SVM provided was merely a filing form which can be picked up and filled out by anyone at any tax bureau as the first step of filing tax returns in China. As a legal proof of complete tax payment, one has to supply the official tax receipts stamped with the chops from at least three places (company, tax bureau and its bank), as well as a payment proof from the financial institution. It's without a doubt SVM mgmt is fully aware of this requirement since these were the exact items SVM provided for documents to prove the VAT payment (admittedly one of those items was a little questionable too). Therefore, I think such omission of the key proof of can very well be intentional in nature. Until some concrete and sufficient proof is provided, I'm highly skeptical SVM actually paid any corporate income tax, i.e. earned any profit.

2. List of customer by sales. First of all, what amount of time does it take for a $1.4B MC company to translate a simple list of customers given they've already done it for other documents? As we have learned from yesterday Alfred Little report, two large customers are quite questionable. Secondly, some other customers, albeit small, are apparently some kind of jokes and their names don't even fit the convention and legal requirement of naming an actual company in China. Combined these two events, it lead me to believe for some reason, SVM did not want investors to scrutinize its customer base. Funny, the major customers weren't even disclosed until they received that anonymous letter, which we have yet seen so far.

3. All bank statements from China are questionable. If SVM is sincerely transparent, why doesn't it publish a bank statement with a whole quarter's history instead of such a narrow time period. It's also funny for a company with this kind of purported revenue/volume to have such large amount of term deposits. What those bank statements failed to show is whether there's the other side to these supposedly "free" cash. I say, why doesn't SVM publish an entire quarter's bank statement, so we can take a better look to determine whether the cash is restricted or collateralized against any off balance sheet liabilities? As it proven in CCME, LFT's cases through auditor discovery of accounting irregularities and resignations, "cash" can be faked too.


One word for the company's supporter or promoters coming up with excuses for the company's shady selective disclosure and questionable documents - Just because your operations are in China, doesn't mean a billion dollar company shouldn't hold itself to a higher standard of the capital markets here. It takes less than 10 minutes for a honest, transparent company to translate a list of its own customers. How about SVM giving us some more details on those funny customers such as "汇源公司" and "同杰公司" on its list?

It sucks I couldn't even get any borrow in this stock now.]]> http://seekingalpha.com/article/292389/comments?source=feed#comment-1903563 1903563
I admitted I was still in the process of scrutinize all the purported "official" documents supplied by SVM, but it is obvious that 90% of the investors and stock promoters, especially those who bash me right away, haven't even started. Well, I don't blame you. How could you even find out the problem when the company's intention is to hide something? Just take a look at that ridiculous list of customer by sales posted on SVM website, all in Chinese. BTW, I've already noticed one piece of document with a significant omission and inconsistency. I intend to write it up when the time is right.

Yesterday's PR and attempt to calm the market for that investigation of BCSC is quite interesting to say the least. Two things about SVM that particularly failed my smell test was a story for capital market that sounds way too good and the history of an aggressive PR promotional campaign, similar to the ones of CCME.]]> Tue, 13 Sep 2011 07:50:19 -0400
I admitted I was still in the process of scrutinize all the purported "official" documents supplied by SVM, but it is obvious that 90% of the investors and stock promoters, especially those who bash me right away, haven't even started. Well, I don't blame you. How could you even find out the problem when the company's intention is to hide something? Just take a look at that ridiculous list of customer by sales posted on SVM website, all in Chinese. BTW, I've already noticed one piece of document with a significant omission and inconsistency. I intend to write it up when the time is right.

Yesterday's PR and attempt to calm the market for that investigation of BCSC is quite interesting to say the least. Two things about SVM that particularly failed my smell test was a story for capital market that sounds way too good and the history of an aggressive PR promotional campaign, similar to the ones of CCME.]]> http://seekingalpha.com/article/267206/comments?source=feed#comment-1903543 1903543
Why do you keep dodging my questions and avoid talking about your criminal activity of helping out the perpetrating frauds like CHNG? Okay okay, I get it. You don't get any compensation for this and you don't trade stocks.

Seriously kid, when do you stop copying what I asked you to do - When you provide your real verifiable name I will tell you mine. I did and I've been waiting for fraudsters like you to sue me forever. I have no idea whether you will ever stop hiding but I'm pretty sure your manipulative, disgusting activities won't stop, because stock promotors like you always come back with different alias. But, hey here's the deal. You always smell the same. ]]> Tue, 13 Sep 2011 07:35:46 -0400
Why do you keep dodging my questions and avoid talking about your criminal activity of helping out the perpetrating frauds like CHNG? Okay okay, I get it. You don't get any compensation for this and you don't trade stocks.

Seriously kid, when do you stop copying what I asked you to do - When you provide your real verifiable name I will tell you mine. I did and I've been waiting for fraudsters like you to sue me forever. I have no idea whether you will ever stop hiding but I'm pretty sure your manipulative, disgusting activities won't stop, because stock promotors like you always come back with different alias. But, hey here's the deal. You always smell the same. ]]> http://seekingalpha.com/article/267206/comments?source=feed#comment-1901582 1901582
Seriously, the guy doesn't even have the guts to stop hiding behind a rumor spreading alias. What else do you expect from him?

BTW, I find Arthur_Big, for what he states about himself in his bio, will make a good couple with that guy with "30+ years of diversified experience, CFA + MBA + University Professor".]]> Mon, 12 Sep 2011 10:52:08 -0400
Seriously, the guy doesn't even have the guts to stop hiding behind a rumor spreading alias. What else do you expect from him?

BTW, I find Arthur_Big, for what he states about himself in his bio, will make a good couple with that guy with "30+ years of diversified experience, CFA + MBA + University Professor".]]> http://seekingalpha.com/article/267206/comments?source=feed#comment-1901576 1901576
I'm sure the right person at the appropriate authorities are going to come after you for that one fraud you've committed and your involvement in the CHNG fraud, provided you even dare to stop hiding behind your alias?

You can't deny to the world that a sophisticated manipulator like you are scared the hell out by a high school liked and won't even come out from hiding haha.

Now how about stop hiding and let's talk about your motivation behind the disgusting, criminal offenses you did here by helping the CHNG fraudsters? Like I said, you did not scam investors at CHNG, at least not according to your own statement made behind an alias. But your so-called "warning" to those fraudsters about a honest research firm that actually spent time to uncover the fraud was worse than those shady little penny stock promoting criminal friends of yours. Want me to name one or two?]]> Mon, 12 Sep 2011 10:50:26 -0400
I'm sure the right person at the appropriate authorities are going to come after you for that one fraud you've committed and your involvement in the CHNG fraud, provided you even dare to stop hiding behind your alias?

You can't deny to the world that a sophisticated manipulator like you are scared the hell out by a high school liked and won't even come out from hiding haha.

Now how about stop hiding and let's talk about your motivation behind the disgusting, criminal offenses you did here by helping the CHNG fraudsters? Like I said, you did not scam investors at CHNG, at least not according to your own statement made behind an alias. But your so-called "warning" to those fraudsters about a honest research firm that actually spent time to uncover the fraud was worse than those shady little penny stock promoting criminal friends of yours. Want me to name one or two?]]> http://seekingalpha.com/article/267206/comments?source=feed#comment-1894793 1894793
No more comments on your disgusting, criminal intention and behavior on your CHNG? I'm sure some of the investors scammed by it will find you one day.

Yes, I'm aware of linkedin is 5 years old. But your comments make it look like you're not.

To answer your last question, I'm only limited to say "very well". They don't like me talk too much about the conversation, except I'm free to comment on fraud promoting alias criminals like you.

I can' help but laughing out at your lack of sense of humor and imagination. You're merely a rat copying what other people says. Since I started demanding you hiding behind your alias, now you started asking my address? How about you reveal yours so I can forward it to the authorities as well as the hundreds of victims of the CHNG fraud which you have helped keep alive.

Piece of advice for you - figure out some real ways to protect average investors being tricked into frauds such as CHNG instead of sending such a friendly warning to the criminal management about someone's intention to expose the fraud. Of course, you don't give a damn because you really weren't compensated for doing all this.]]> Thu, 08 Sep 2011 21:50:25 -0400
No more comments on your disgusting, criminal intention and behavior on your CHNG? I'm sure some of the investors scammed by it will find you one day.

Yes, I'm aware of linkedin is 5 years old. But your comments make it look like you're not.

To answer your last question, I'm only limited to say "very well". They don't like me talk too much about the conversation, except I'm free to comment on fraud promoting alias criminals like you.

I can' help but laughing out at your lack of sense of humor and imagination. You're merely a rat copying what other people says. Since I started demanding you hiding behind your alias, now you started asking my address? How about you reveal yours so I can forward it to the authorities as well as the hundreds of victims of the CHNG fraud which you have helped keep alive.

Piece of advice for you - figure out some real ways to protect average investors being tricked into frauds such as CHNG instead of sending such a friendly warning to the criminal management about someone's intention to expose the fraud. Of course, you don't give a damn because you really weren't compensated for doing all this.]]> http://seekingalpha.com/article/292389/comments?source=feed#comment-1893386 1893386 Thu, 08 Sep 2011 12:35:34 -0400 http://seekingalpha.com/article/292389/comments?source=feed#comment-1893340 1893340 Thu, 08 Sep 2011 12:24:22 -0400 http://seekingalpha.com/article/288467/comments?source=feed#comment-1893103 1893103 Thu, 08 Sep 2011 11:42:54 -0400 http://seekingalpha.com/article/292389/comments?source=feed#comment-1893067 1893067
Having said that, I think if the stock bounces more, causing a short squeeze, I'll consider starting a short position. I don't have any hard proof to show SVM isn't legitimate yet, but this kind of instinct is what prompted me to short stocks like LFT.]]> Thu, 08 Sep 2011 11:35:37 -0400
Having said that, I think if the stock bounces more, causing a short squeeze, I'll consider starting a short position. I don't have any hard proof to show SVM isn't legitimate yet, but this kind of instinct is what prompted me to short stocks like LFT.]]> http://seekingalpha.com/article/267206/comments?source=feed#comment-1893013 1893013
The person behind Arthur_Big has proven to be a total liar again and a manipulator who likes twisting other people's words. As I repeatedly stated, authorities reach out to me because I offer to share clues and evidence of fraudulent companies, such as the ones like the CHNG fraud Arthur_Big was helping out. When that statement gets into Arthur_Big's hand, it becomes me being investigated. If you like to put words in other people's mouth, be my guest. Does it look like anyone actually cares about the manipulative junk you've been writing?

Honestly, the world has seen your truly disgusting behavior. You hide behind an alias and warns a fraudulent company like CHNG run by a bunch of criminals about someone exposing the fraud. You have demonstrate the most disgusting type of criminal intention, yet you repeatedly avoid addressing people's questions about your motivation behind such crime. You're likely to escape the punishment of law by hiding your true identity (well, may be not), but I hope the average investors that have been tricked and scammed into these type of ponzi schemes (as shown in the bloomberg article below) show up at your front game one day. You're even worse than those shady penny stock fraud promoters that pumps these RTO frauds.

Chinese Protest $5 Billion Losses Tied to U.S Reverse Mergers

www.bloomberg.com/news...

Okay, since you're so desperate to get a name and don't want to believe my real name is Chris. Why don't you reveal your real identity, so our lawyers can settle our problem directly. So are the investors that have been defrauded by scams like CHNG, PUDA etc.]]> Thu, 08 Sep 2011 11:17:24 -0400
The person behind Arthur_Big has proven to be a total liar again and a manipulator who likes twisting other people's words. As I repeatedly stated, authorities reach out to me because I offer to share clues and evidence of fraudulent companies, such as the ones like the CHNG fraud Arthur_Big was helping out. When that statement gets into Arthur_Big's hand, it becomes me being investigated. If you like to put words in other people's mouth, be my guest. Does it look like anyone actually cares about the manipulative junk you've been writing?

Honestly, the world has seen your truly disgusting behavior. You hide behind an alias and warns a fraudulent company like CHNG run by a bunch of criminals about someone exposing the fraud. You have demonstrate the most disgusting type of criminal intention, yet you repeatedly avoid addressing people's questions about your motivation behind such crime. You're likely to escape the punishment of law by hiding your true identity (well, may be not), but I hope the average investors that have been tricked and scammed into these type of ponzi schemes (as shown in the bloomberg article below) show up at your front game one day. You're even worse than those shady penny stock fraud promoters that pumps these RTO frauds.

Chinese Protest $5 Billion Losses Tied to U.S Reverse Mergers

www.bloomberg.com/news...

Okay, since you're so desperate to get a name and don't want to believe my real name is Chris. Why don't you reveal your real identity, so our lawyers can settle our problem directly. So are the investors that have been defrauded by scams like CHNG, PUDA etc.]]> http://seekingalpha.com/article/292389/comments?source=feed#comment-1892964 1892964
Having said these, if the stock bounces more and causes a short squeeze, I'm considering starting a short position.]]> Thu, 08 Sep 2011 10:58:36 -0400
Having said these, if the stock bounces more and causes a short squeeze, I'm considering starting a short position.]]> http://seekingalpha.com/article/267206/comments?source=feed#comment-1889335 1889335
I'm pretty sure your credentials and bios were not made up just like the one for the shady manipulator hiding behind Arthur_Big alias.]]> Wed, 07 Sep 2011 03:03:03 -0400
I'm pretty sure your credentials and bios were not made up just like the one for the shady manipulator hiding behind Arthur_Big alias.]]> http://seekingalpha.com/article/267206/comments?source=feed#comment-1889333 1889333
o did the fraudsters at CHNG ever send you their appreciation about your warning against the "manipulation" aka the fraud exposing research piece from Geoinvesting? It's hard to imagine you were not associated with any of those shady stock promoters, such as the ones like NYGG, Red Chip etc.

I'm sure there's no need to disclose any monetary compensation type of arrangement, because you were definitely not paid these scam companies or its supporter to do this.

Okay okay, I get it. You never trade Chinese stocks. You're just writing these bashing posts and hiding behind an alias for the sake of doing a public service.

Piece of advice for you - figure out some real ways to protect average investors being tricked into frauds such as CHNG instead of sending such a friendly warning to the criminal management about someone's intention to expose the fraud. Of course, you don't give a damn because you really weren't compensated for doing all this.]]> Wed, 07 Sep 2011 02:58:54 -0400
o did the fraudsters at CHNG ever send you their appreciation about your warning against the "manipulation" aka the fraud exposing research piece from Geoinvesting? It's hard to imagine you were not associated with any of those shady stock promoters, such as the ones like NYGG, Red Chip etc.

I'm sure there's no need to disclose any monetary compensation type of arrangement, because you were definitely not paid these scam companies or its supporter to do this.

Okay okay, I get it. You never trade Chinese stocks. You're just writing these bashing posts and hiding behind an alias for the sake of doing a public service.

Piece of advice for you - figure out some real ways to protect average investors being tricked into frauds such as CHNG instead of sending such a friendly warning to the criminal management about someone's intention to expose the fraud. Of course, you don't give a damn because you really weren't compensated for doing all this.]]> http://seekingalpha.com/article/274237/comments?source=feed#comment-1883182 1883182
A lot of fortunes have been and are to be made on betting against frauds, not on the them. If you really think that was the bottom of the RTO market, please buy all those "supposed frauds that never were" such as CGA, LIWA, VALV, EDS, DEER, HOGS, SCEI, CHNG or any random Chinese RTO that trades under 5x supposedly fantastic, fast growing "earnings". The market is stupid, but not that stupid. Oh, almost forget, Sino-Forest makes the top of that list!]]> Sun, 04 Sep 2011 11:02:41 -0400
A lot of fortunes have been and are to be made on betting against frauds, not on the them. If you really think that was the bottom of the RTO market, please buy all those "supposed frauds that never were" such as CGA, LIWA, VALV, EDS, DEER, HOGS, SCEI, CHNG or any random Chinese RTO that trades under 5x supposedly fantastic, fast growing "earnings". The market is stupid, but not that stupid. Oh, almost forget, Sino-Forest makes the top of that list!]]> http://seekingalpha.com/article/274237/comments?source=feed#comment-1883157 1883157
Funny even my earlier prediction about frauds among Chinese IPO are working out. One has already been exposed and halted. Two other have dropped 30%+.

My friend, contrary to what you claimed, it appears you have no clue about the sector nor any idea on frauds. Have you even been to China? The key person you quoted in the article are known idiots in the China investment space.]]> Sun, 04 Sep 2011 10:50:38 -0400
Funny even my earlier prediction about frauds among Chinese IPO are working out. One has already been exposed and halted. Two other have dropped 30%+.

My friend, contrary to what you claimed, it appears you have no clue about the sector nor any idea on frauds. Have you even been to China? The key person you quoted in the article are known idiots in the China investment space.]]>