Sefe Inc.'s Hot Air Balloon About To Burst [View article]
@Dallasman
That is not correct. Any security can be shorted, provided you have a good broker. There is a reason why people use full-service brokers. For the service!
China Biotics' Fraud Casting Doubt on All Chinese RTOs [View article]
Sadly Connorport's problem is the very real pain of cognitive dissonance. The more evidence one presents to a "true believer" that their view of the world is at odds with reality, the more tightly they cling to their beliefs.
It is the basis of so many cons. Watch any Mamet film.
@hbball - If you live by the rule that all reverse mergers are, in one way or another, scams, you will have protected yourself from most of the stock frauds out there. That one simple rule would have saved many investors millions.
@conorport - The entire point of these Chinese scams is to raise money from Americans by selling stock. Then the money vanishes from the companies into the crooks pockets. How? Absurdly priced acquisitions, sweetheart (undisclosed) related party deals, etc.
Yongye International: A Victim of Bad Logic and Misleading Math [View article]
@Forlorn
You are working from bad assumptions. GIGO. Garbage in = garbage out, and what Chinese reverse merger companies report to US investors and the SEC is simply garbage. The reported numbers cannot be relied upon in making informed decisions.
YONG's claimed 27.93% operating margin is even higher than the ridiculous 27.5% claimed by G. Michael Bennett and Gareth Yau-Sing Tang's China Agritech (CAGC).
The numbers that YONG provides to investors simply cannot be trusted.
The Short Case for Neoprobe: Skeptical of Its Primary Asset's Success [View article]
@ibejack
I think you miss the point. The ASCO data is irrelevant. The market size for NEOP is simply too small to support the current market cap. Lymphoseek could be the greatest product in the world, and it would not matter in the long run, because the market size is simply too small. Martin's analysis is irrefutable on that point.
The Short Case for Neoprobe: Skeptical of Its Primary Asset's Success [View article]
Very well reasoned piece. I am sure the retail crowd, pumped into a frenzy by the Platinum-Montaur crew (ditto ECTE) will be screaming for your head....they would rather be diluted by Nordlicht than face reality. Can't wait for Uri Landesman to go back on TV and hype this dog again.
Avoid China Agritech Despite the Plunge [View article]
Glickenhaus Family, cognitive dissonance is painful, but it is better to face the pain and realize that CAGC is not some wonder-investment destined to make you and your clients rich.
It is a scam, pure and simple.
Watch some Mamet films, or some 70s con capers, maybe the UK series Hustle, and realize, slowly, that you have been the mark all along. The CAGC guys conned you, but you can at least learn from this.
Otherwise, it is not Potemkin Villages you need to worry about, it is Jonestowns.
China MediaExpress: Stocks to Watch in the Wake of This Scandal [View article]
@fernandohmm10
Re NIV - Just look at its pedigree. NIV was a reverse merger with a Ft. Lauderdale area shell company, birthed by Westpark Capital. Just google Westpark and you will find your answer. Lie with dogs, wake with fleas.
Despite 20% Rally, FUQI International Still Heading for Delisting [View article]
Ian makes a great point that long investors in Chinese Reverse-Mergers clearly do not understand. (If you understood you would never buy shares in these con jobs)
In all of these that I have examined, shareholders of the listed entity do not, at any time, own shares in the operating PRC business.
They usually own shares in something called a VIE (Variable Interest Entity) that receives a share in the economic profit (or losses) of the PRC business under a contractual relationship.
But the economic share is VARIABLE, and can be whatever the PRC entity decides. The VIE could see its interest dropped to 0% and there is no relief for the shareholders. A true suckers game.
Sefe Inc.'s Hot Air Balloon About To Burst [View article]
http://bit.ly/IYtoen
Sefe Inc.'s Hot Air Balloon About To Burst [View article]
That is not correct. Any security can be shorted, provided you have a good broker. There is a reason why people use full-service brokers. For the service!
Sefe Inc.'s Hot Air Balloon About To Burst [View article]
http://bit.ly/IIMhFx
and
http://bit.ly/JPQjKt
China Biotics' Fraud Casting Doubt on All Chinese RTOs [View article]
And, if you don't know who is being scammed in one of these deals (sometimes, albeit rarely it is not the common shareholder), it is you.
China Biotics' Fraud Casting Doubt on All Chinese RTOs [View article]
It is the basis of so many cons. Watch any Mamet film.
China Biotics' Fraud Casting Doubt on All Chinese RTOs [View article]
buyersstrike.wordpress.../
@hbball - If you live by the rule that all reverse mergers are, in one way or another, scams, you will have protected yourself from most of the stock frauds out there. That one simple rule would have saved many investors millions.
@conorport - The entire point of these Chinese scams is to raise money from Americans by selling stock. Then the money vanishes from the companies into the crooks pockets. How? Absurdly priced acquisitions, sweetheart (undisclosed) related party deals, etc.
Yongye International: A Victim of Bad Logic and Misleading Math [View article]
You are working from bad assumptions. GIGO. Garbage in = garbage out, and what Chinese reverse merger companies report to US investors and the SEC is simply garbage. The reported numbers cannot be relied upon in making informed decisions.
YONG's claimed 27.93% operating margin is even higher than the ridiculous 27.5% claimed by G. Michael Bennett and Gareth Yau-Sing Tang's China Agritech (CAGC).
The numbers that YONG provides to investors simply cannot be trusted.
The Short Case for Neoprobe: Skeptical of Its Primary Asset's Success [View article]
I think you miss the point. The ASCO data is irrelevant. The market size for NEOP is simply too small to support the current market cap. Lymphoseek could be the greatest product in the world, and it would not matter in the long run, because the market size is simply too small. Martin's analysis is irrefutable on that point.
The Short Case for Neoprobe: Skeptical of Its Primary Asset's Success [View article]
Advanced Battery Tech Smashes Earnings Estimates, Misses on Revenues [View article]
buyersstrike.wordpress.../
Avoid China Agritech Despite the Plunge [View article]
The right to lose a lot of money?
The right to be conned?
The right to breach any duty of care for your clients?
I see the Kool-Aid has already been consumed.
Avoid China Agritech Despite the Plunge [View article]
It is a scam, pure and simple.
Watch some Mamet films, or some 70s con capers, maybe the UK series Hustle, and realize, slowly, that you have been the mark all along. The CAGC guys conned you, but you can at least learn from this.
Otherwise, it is not Potemkin Villages you need to worry about, it is Jonestowns.
China MediaExpress: Stocks to Watch in the Wake of This Scandal [View article]
Re NIV - Just look at its pedigree. NIV was a reverse merger with a Ft. Lauderdale area shell company, birthed by Westpark Capital. Just google Westpark and you will find your answer. Lie with dogs, wake with fleas.
www.finra.org/Newsroom...
The End of CCME's Fairy Tale [View article]
Despite 20% Rally, FUQI International Still Heading for Delisting [View article]
In all of these that I have examined, shareholders of the listed entity do not, at any time, own shares in the operating PRC business.
They usually own shares in something called a VIE (Variable Interest Entity) that receives a share in the economic profit (or losses) of the PRC business under a contractual relationship.
But the economic share is VARIABLE, and can be whatever the PRC entity decides. The VIE could see its interest dropped to 0% and there is no relief for the shareholders. A true suckers game.