Home > Boards > US OTC > Medical - Drugs > Lotus Pharmaceuticals, Inc. (LTUS)

I`m sure that has alot to do with it!!!!!!!!!!!

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
stockguard Member Profile stockguard  
Friday, October 14, 2011 8:15:24 PM
Re: YSUJosh post# 791 Post # of 842 
I`m sure that has alot to do with it!!!!!!!!!!!


http://www.thestreet.com/_yahoo/story/11278225/1/rodham-renshaw-to-drop-china-research-report.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Rodham & Renshaw to Drop China Research: Report


By Michael Baron 10/14/11 - 04:45 PM EDT


NEW YORK (TheStreet) -- There's nothing like widespread allegations of fraud and accounting irregularities to diminish investor interest in a particular sector, and that's what's happened with Chinese companies with public listings in the United States.

In fact, the buzz has gotten so faint about China that one of the investment firms known for its coverage of companies from the region, Rodman & Renshaw, is reportedly shutting down its China research operations.

Dow Jones News Service, citing an undisclosed person familiar with the matter, said Rodham & Renshaw plans to announce the closure on Monday because the business has become "hard to monetize."

The firm is a unit of Rodham & Renshaw Capital Group(RODM_), whose shares closed Friday at 94 cents, up 7 cents. A company spokesperson wasn't immediately available to comment for this story.

The Justice Department and the Securities and Exchange Commission are both investigating alleged accounting irregularities at Chinese companies, and a number of fraud allegations have sunk Chinese companies that secured public listings in the U.S. through reverse takeovers, as documented in TheStreet's The Shanghai Numbers investigative report.

Rodham & Renshaw's Web site still features its research on China-based companies. Among the stocks the firm covers are Advanced Battery Technologies(ABAT_), Origin Agritech(SEED_), Sina Corp.(SINA_), and Zhongpin(HOGS_). The firm lists four analysts as covering China-based stocks.

--Written by Michael Baron in New York.





Lotus Pharmaceuticals, Inc. (LTUS) Stock Trading Info:
Lotus Pharmaceuticals, Inc. LTUS Stock Quote Lotus Pharmaceuticals, Inc. LTUS Stock Charts Lotus Pharmaceuticals, Inc. LTUS Financial
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist