InvestorsHub Logo
Followers 116
Posts 35588
Boards Moderated 2
Alias Born 04/19/2012

Re: modes948 post# 70064

Monday, 09/01/2014 9:05:23 PM

Monday, September 01, 2014 9:05:23 PM

Post# of 163716

I don't think anybody doubts that they have restaurants and other facilities.What there are doubts about are whether their sales and profits are as high as they claim to be.



Do you really think that Solomon worked his ass off for 30 years in the aquaculture business, so that at the moment supreme, he could report fraudulent numbers? At a time when every regulator, bank etc is closely watching them?

Most of the fraud out there is a direct result of poor fundamentals. Either these companies don't have a real business (competitive advantage) or the competition is kicking their ass. That's when CEO's feel the pressure as they can't live up to the shareholders' expectations. Their honor/reputation is at stake and they make mistakes.

Is it too much to ask from them to make public their filings with the Chinese authorities



Yes. Because you have no idea what you are asking for, what to do with it or how to interpret any of it. The company reports audited financial results in US GAAP. If you don't trust it, you are free to leave.

There are many ways that you can verify assets, results etc. for yourself. You were given a brain for a reason.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.