Home > Boards > Other Markets > Foreign Stock Markets > Global Value Investing

What do you really know about CHRI?

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
throwerw Member Profile throwerw  
Friday, June 22, 2012 3:20:46 AM
Re: dc_dude post# 2406 Post # of 3216 
What do you really know about CHRI?

It is audited by a a tiny firm in Schaumburg, Illinois. How much could they really know about CHRI? Maybe one guy flies out to China once a year and looks at whatever BS financial statements the company has prepared for him. He gives them his stamp of approval and then they go get drunk on baijiu and sing karaoke.

Have you seen this company's SAIC filings? Your tone suggests to me that you have no idea what the SAIC is. This is where you go to see who really owns these supposed Dahurian Angelica Root assets. I guarantee you it is not this corporation in Delaware in which you own shares.

The company has never paid a dividend nor does it intend to pay one. That may be an acceptable dividend policy in a free society with rule of law, but in China that just means they will hose you for all you've got. How do you believe the numbers if you never see the cash coming into your account?

If the stock is so cheap why is the management not buying back shares? .4x earnings would be a great deal for them. Why keep the company public when you could take it private at 1x earnings? Why does the share count keep increasing instead? Why are new shares being issued at such low valuations? Hmm, maybe because THIS IS AN EMPTY SHELL SET UP FOR THE PURPOSES OF STEALING MONEY FROM RETARDED US INVESTORS. You will have no legal recourse when the share price drops to .001, the company decides that it is no longer worth the cost of perpetuating the fraud and goes dark.

Here is all we really know about your precious audited SEC filings; the auditor failed their inspection by the PCAOB...

http://pcaobus.org/Inspections/Reports/Documents/2009_Lake_Associates.pdf

"The inspection team identified what it considered to be audit deficiencies. The deficiencies identified in the audit reviewed included deficiencies of such significance that it appeared to the inspection team that the Firm did not obtain sufficient competent evidential matter to support its opinion on the issuer's financial statements. Those deficiencies were –

(1) the Firm's failure to identify, or to address appropriately, departures from GAAP that related to potentially material misstatements in the audited financial statements concerning the classification of activities in the statement of cash flows and the currency used to prepare the statement; and

(2) the failure to perform sufficient procedures to test the existence and valuation of fixed assets.

One of the deficiencies described above related to auditing an aspect of an
issuer's financial statements that the issuer revised in a restatement subsequent to the
primary inspection procedures."


Global Value Investing () Stock Trading Info:
Global Value Investing Stock Quote Global Value Investing Stock Charts Global Value Investing Financial
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 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