Huifeng Bio-pharmaceutical Technology (fka HFGB)

[Renee]

HFGB revoked:

http://www.sec.gov/litigation/admin/2013/34-68564.pdf

[modes948]

Don't know about complete scam because I went and saw them at their booth at the CPhl in Frankfurt last year, where they promised me they were in the process of refiling, and
apparently they were in Madrid this year.

[Renee]

Anyone contemplating Chinese and some Asian stocks MUST read the following SEC Litigation against the Big Four Auditing Firms.

http://www.sec.gov/litigation/admin/2012/34-68335.pdf

[bababooyah]

Looks like it was a complet scam

Going to sell my BFAR shares now...F*&^ China

[Renee]

HFGB: SEC Suspension:

http://www.sec.gov/litigation/suspensions/2012/34-68344.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2012/34-68344-o.pdf

ADMIN Proceeding:

http://www.sec.gov/litigation/admin/2012/34-68345.pdf

[modes948]

I sent an email to [e-mail] with no reply so far.Did you send an email to Bing in case you know her personal email?She the only one that spoke to me in Frankfurt.

[bababooyah]

I've been trying to dig for that info for a while now.

Can't find out who it is

[modes948]

Who is their new Accountant?

Got this response after an email I sent to JohnZhao.
Obviously the company didn't bother filing an 8-k about it.Hugely disappointing development.

Dear Mr. xxxx,

We have resigned from Huifeng engagement.

Best regards,

?
???,???????
John Zhao, CPA/MBA
Senior Partner, SEC Practice
Honorary Professor of Tsinghua University
Honorary Professor of UIBE (Beijing)
????????
????????????

[bababooyah]

Obviously not HFGB specific. But a HUGE step in the right direction to fix the China audit mess

I believe all these little Chinese stocks that were hammered due to the uncertainty over the audit issue will get a boost at some point soon...and HFGB will move up with them.

Probably right now is THE best time to buy HFGB. It's very near it's all time low. The PCAOB news came out last night. Nobody buying any yet. I think the risk/reward here is as good as it gets

[BigOnChina]

Oh, that news....I thought you meant with HFGB

[bababooyah]

I didn't

(Reuters) - U.S. officials believe they are close to an agreement to observe audit inspections in China, a first step toward better oversight to address a rash of accounting scandals at Chinese companies listed on U.S. stock exchanges.
Jim Doty, chairman of the Public Company Accounting Oversight Board (PCAOB), which oversees the audit industry, said the breakthrough came in talks between U.S. and Chinese officials in Beijing last week.

U.S. observations of audit inspections in China "will be a first step toward greater cooperation on cross-border oversight and joint inspections," Doty said in a telephone interview on Tuesday.

The plan would let PCAOB officials observe Chinese authorities when they inspect audits that are done in China of U.S.-listed companies, according to Doty.

"There's every reason to believe we could do the observations in the fall, possibly even the summer," Doty said.

However, he added, "one can never guarantee the outcome of this."

The PCAOB and U.S. Securities and Exchange Commission have been working for months with the Chinese to try to hash out a deal that would allow joint audit inspections.

U.S. investors have lost billions of dollars on China-based companies listed on U.S. exchanges after questions were raised about the companies' accounts, prompting a broad probe by the SEC.

China had been reluctant to allow audit inspections by U.S. officials because of sovereignty concerns.

Many of the Chinese firms listing in the United States are audited by the Chinese arms of the Big Four auditors - PricwaterhouseCoopers, Deloitte, KPMG and Ernst & Young - which have been beyond the reach of PCAOB inspectors in China.

Doty said he met with Chinese officials last week while he was in Beijing for annual United States-China talks aimed at strengthening ties between the two countries.

He said his talks, with the chairman of the China Securities Regulatory Commission, Guo Shuqing, and senior representatives of China's Ministry of Finance "were very constructive."

The observations will not substitute for joint inspections, but the process "builds a relationship," Doty said.

U.S. Senator Charles Schumer last year called on the PCAOB to discipline China-based audit firms that do not submit to U.S. inspections. The 2002 Sarbanes-Oxley Act, which created the PCAOB, gave it the authority to discipline auditors that do not cooperate with inspections.

Asked whether pressure to discipline firms has been relieved, Doty said, "ultimately, we must enforce the law."

However, he said the Chinese are interested in market reforms and resolving the issues on cross-border audit oversight. Once observations are completed, the next step would be creating a formal protocol to allow joint inspections, he said.

[bababooyah]

I didn't

(Reuters) - U.S. officials believe they are close to an agreement to observe audit inspections in China, a first step toward better oversight to address a rash of accounting scandals at Chinese companies listed on U.S. stock exchanges.
Jim Doty, chairman of the Public Company Accounting Oversight Board (PCAOB), which oversees the audit industry, said the breakthrough came in talks between U.S. and Chinese officials in Beijing last week.

U.S. observations of audit inspections in China "will be a first step toward greater cooperation on cross-border oversight and joint inspections," Doty said in a telephone interview on Tuesday.

The plan would let PCAOB officials observe Chinese authorities when they inspect audits that are done in China of U.S.-listed companies, according to Doty.

"There's every reason to believe we could do the observations in the fall, possibly even the summer," Doty said.

However, he added, "one can never guarantee the outcome of this."

The PCAOB and U.S. Securities and Exchange Commission have been working for months with the Chinese to try to hash out a deal that would allow joint audit inspections.

U.S. investors have lost billions of dollars on China-based companies listed on U.S. exchanges after questions were raised about the companies' accounts, prompting a broad probe by the SEC.

China had been reluctant to allow audit inspections by U.S. officials because of sovereignty concerns.

Many of the Chinese firms listing in the United States are audited by the Chinese arms of the Big Four auditors - PricwaterhouseCoopers, Deloitte, KPMG and Ernst & Young - which have been beyond the reach of PCAOB inspectors in China.

Doty said he met with Chinese officials last week while he was in Beijing for annual United States-China talks aimed at strengthening ties between the two countries.

He said his talks, with the chairman of the China Securities Regulatory Commission, Guo Shuqing, and senior representatives of China's Ministry of Finance "were very constructive."

The observations will not substitute for joint inspections, but the process "builds a relationship," Doty said.

U.S. Senator Charles Schumer last year called on the PCAOB to discipline China-based audit firms that do not submit to U.S. inspections. The 2002 Sarbanes-Oxley Act, which created the PCAOB, gave it the authority to discipline auditors that do not cooperate with inspections.

Asked whether pressure to discipline firms has been relieved, Doty said, "ultimately, we must enforce the law."

However, he said the Chinese are interested in market reforms and resolving the issues on cross-border audit oversight. Once observations are completed, the next step would be creating a formal protocol to allow joint inspections, he said.

[BigOnChina]

I must have missed this huge development?

[bababooyah]

HUGE development tonight :)

[bababooyah]

U.S. oversight of Chinese audits of U.S.-listed companies didn’t make headlines during last week’s high level talks in China, led by Treasury Secretary Timothy Geithner. But progress is being made on this front, albeit quietly. It is assumed that James Doty, the Public Company Accounting Oversight Board’s chairman, didn’t leave the talks empty-handed.

[bababooyah]

U.S. oversight of Chinese audits of U.S.-listed companies didn’t make headlines during last week’s high level talks in China, led by Treasury Secretary Timothy Geithner. But progress is being made on this front, albeit quietly. It is assumed that James Doty, the Public Company Accounting Oversight Board’s chairman, didn’t leave the talks empty-handed.

[ariadne]

Thx for posting,

do you know this one?:

By Rachel Armstrong | Reuters – Tue, Feb 28, 2012

http://news.yahoo.com/big-four-auditors-brace-big-changes-china-051526727.html

" (Reuters) - The Big Four global audit firms, which dominate the Chinese market, are negotiating with Beijing to lessen the impact of forced changes that could mean only accountants with Chinese qualifications can be partners in their audit practices.

The overhaul comes at a delicate time for an audit industry reeling from a rash of accounting scandals at Chinese companies, particularly those listed in high-profile overseas markets such as the United States.

Any reduction in the audit capacity of KPMG, Deloitte Touche Tohmatsu, Ernst & Young and PricewaterhouseCoopers (PWC) would increase foreign regulators' and investors' concerns about Chinese auditing.

"The Big Four play a critical role in the integrity of financial markets, it's essential they have the right to practice in China," said Paul Gillis, visiting professor of accounting at Peking University and author of the China Accounting Blog.

The foreign joint venture arrangements signed in China 20 years ago by KPMG, Deloitte and Ernst & Young expire later this year. PWC's joint venture expires in 2017, but it is also involved in restructuring discussions.

China's Ministry of Finance (MOF) is using the expiry milestone to force the global auditing giants to form special group partnerships, which in theory would mean all partners would need to hold notoriously tough Chinese accountancy qualifications.

But China's young accounting industry means there aren't yet enough experienced Chinese-qualified accountants to run these businesses, say people close to the Big Four, who did not want to be identified as they are not authorized to talk to the media.

"The Chinese authorities have indicated for some time that the four will have to convert into the same mode of practice as local firms when the joint venture terms end," said Winnie Cheung, chief executive at the Hong Kong Institute of Certified Public Accountants (HKICPA).

The Big Four dominate China's accounting industry, having won much of the lucrative work to audit the books of the country's state-owned enterprises when they first listed.

In 2010, their audit practices, excluding their consultancy businesses, had combined revenue of more than 9.5 billion yuan ($1.5 billion), according to the Chinese Institute of CPAs (CICPA). However, their market share has slipped in recent years to around 70 percent of the revenue among the top-10 auditors, down from 85 percent in 2006.

Including consulting, the four firms say they each employ around 10,000 people in Greater China, which includes Hong Kong and Taiwan.

BIG FOUR LOBBYING

A firm dominated by Chinese-qualified partners would raise concerns at the Big Four's global headquarters as they'll have less control over their China practices. The joint ventures agreed in 1992 allowed foreign-qualified partners to dominate the practices.

The four are now pushing for many of their foreign-qualified partners to be allowed to retain their roles during a 'grandfathering' handover period.

"The Big Four will want to get enough foreign partners into a deal so they can still control it for a few more years," said Peking University's Gillis.

"Although they will be delaying the inevitable, it will at least give them a few more years control until they migrate to a completely Chinese-owned and controlled entity," he added.

Over the last five years, the firms have collectively doubled the number of Chinese-qualified CPAs they employ, according to the CICPA, but many of their partners gained their qualifications in Hong Kong, the United States or Europe.

An email circulated by management at one of the Big Four firms on February 22, seen by Reuters, said the finance ministry was demanding a break-down of all the qualifications held by the firm's China partners.

"This is a complex process and the MOF have been requesting a great deal of information to understand our practice," it said, adding the firm planned to send the data last week.

"The question for the authorities is; are the firms mature and ready enough to just have local qualified partners?" said Cheung at the HKICPA. "They should also think about diversity and expertise, the advantages of allowing a certain number of non-locally qualified partners in the transition of the joint venture to a local firm."

KPMG, Ernst & Young, Deloitte and PWC all declined to comment for this article. Partners at the firms told Reuters they could not discuss the matter publicly as the MOF had insisted the negotiations be confidential.

Neither the MOF nor CICPA responded to faxes asking for comment.

SCANDAL-TAINTED

Overseas regulators will be watching events keenly.

The U.S. Public Company Accounting Oversight Board is in negotiations with the MOF and the China Securities Regulatory Commission (CSRC) about being allowed to inspect firms that audit Chinese companies listed in the United States.

The U.S. Securities and Exchange Commission (SEC) has struggled in some of its investigations into alleged fraud at U.S-listed Chinese firms, partly due to the fact auditors in China haven't been able to provide them with key information.

Last year, several Chinese companies were de-listed in the United States after being caught up in accounting scandals, some of which were highlighted by short-sellers such as Muddy Waters.

One high-profile blow-up, Longtop Financial Technologies Ltd , showed the difficulties that auditors in China can run into.

Deloitte resigned as the software company's auditor last May, alleging Longtop tried to falsify its financial statements and bank confirmations. The auditor noted in its resignation letter that Longtop management had threatened Deloitte staff and tried to stop them leaving company premises when the discrepancies were uncovered.

But the SEC is struggling in its investigation of Longtop management as Deloitte's Shanghai office said it cannot provide U.S. authorities with its audit work papers. The SEC has gone to the courts to try and force Deloitte's hand, but the auditor says it cannot comply as this could breach China's state secrecy rules.

"If the change in the structure of audit firms loosens their ties to the U.S., the challenges for the SEC enforcement program in China will increase," said William McGovern, partner at Kobre & Kim in Hong Kong.

A report last week from the Canadian Public Accountability Board on the audits of Canadian Chinese companies found many auditors in China failed to apply procedures that would be "considered fundamental" in Canada.

While the Big Four were caught up in a number of recent Chinese accounting scandals, most were at mid-cap companies audited by smaller audit firms.

China's accounting exams are among the toughest around. The pass-rate is well below 20 percent and all papers are in mandarin, making it even tougher for non-Chinese auditors at the Big Four to try to convert.

The difficult exams and the economy's rapid growth over the past two decades means there is currently a shortage of qualified accountants in China.

The CICPA wants to have 250,000 members by 2015, up from around 180,000 today, and aims to boost the number of people in the accounting industry nationwide to 12 million.

A wider part of the ministry's plan for the industry is to develop 10 big domestic accounting firms, reducing their reliance on foreign auditors. The MOF wants at least three local audit firms to be among the world's top 20.

"China recognizes the expertise of the Big Four and the need for them as far as the worldwide market is concerned, but they want to expand and help the growth of local firms to the size and expertise and quality that is required to support the country's increased importance," said HKICPA's Cheung.

($1 = 6.2978 yuan)

(Reporting by Rachel Armstrong in SINGAPORE, additional reporting by Dena Aubin in NEW YORK; Editing by Ian Geoghegan)

"

ariadne

[bababooyah]

May 3 (Reuters) - The head of the main watchdog group for U.S. auditors is in Beijing participating in annual talks between the United States and China, a spokeswoman said on Thursday.

Public Company Accounting Oversight Board Chairman Jim Doty, whose group oversees U.S. auditors, is participating in U.S. Treasury meetings, PCAOB spokeswoman Colleen Brennan said.

Treasury Secretary Timothy Geithner and Secretary of State Hillary Clinton are in Beijing this week for annual talks aimed at strengthening ties between the world's two largest economies. The meetings are expected to cover a range of economic and diplomatic issues.

The PCAOB and U.S. Securities and Exchange Commission have been working for months with the Chinese to try to hash out a deal that would allow audit inspectors in China.

The two U.S. agencies have been stepping up efforts to come to an agreement after a rash of accounting scandals at China-based companies that list shares in the United States.

PCAOB and SEC officials met with their Chinese counterparts in Beijing last July and again in Washington in January to try to negotiate an agreement.

The PCAOB was created by the 2002 Sarbanes-Oxley Act to combat accounting fraud after book-cooking scandals at Enron and WorldCom. The act requires the PCAOB to register and inspect auditors of U.S.-listed companies, including overseas auditors. (Reporting By Dena Aubin; Editing by Kevin Drawbaugh and Tim Dobbyn)

[sahd3g]

.12's on the ask look slim and are slowly being taken out. The ask then goes magnitudes higher per my L2. I'd sure like to see what would happen if somebody put a few thousand into this at the ask.

[downthehatch]

Thanks for posting!!
Any news from HFGB is positive, as it is a demonstration that the company is continuing in business, and sales and profits continue.

The second paragraph here, is particularly encouraging, as it seems to indicate that the company may be preparing to file financial reports:

Our company has passed the European CEP certification for Diosmin in May 2011. We are the only company in Asia and the third in the world that has the Diosmin CEP certificate. We herein thank all the customers both old and new for their support and great kindness as always.
From the second half of the year 2011, our company has strengthened the internal control system....


In addition to discovering the dishonest employee, let's hope that financial reports are about to resume. That would be great news, and would send the price back to previous trading levels, between $1.00 and $1.50

[Xantu]

http://www.xahuifeng.com/?ars1-t5,30c61....

Seems like one of their salespeople has set up a parallel business and worked for several company's at a time.

Certainly they will go to court to save some lost orders.

I'll take this as good news at these stock prices!

The great move upwards is to be expected when they file again.

So that was the reason of the buying yesterday!

[Xantu]

Huge volume today! Finally some adapted/ new SEC-filings?

[rstar]

yah, someone bought all they could under .10
shares not easy to come by...
next ask is +another 50%

[BigOnChina]

I think something is definitely up here. There's a buyer looking for a shares and I'm guessing he has a good reason.

[downthehatch]

Volume still light, but certainly seems to be firming up.
If they would bring financial filings up to date--- this stock will rocket!

[sahd3g]

.10's are sold out. .15 on the ask. Something's happening...I like it.

[sahd3g]

let's hope so Roy. I could use a break in this TURD of a market for sure!

[rstar]

they must be getting close to updating finacials,
that will spell out what the value is and bring real vol,
hopefully, who knows in this turd of a market...
but if audited financials show the value to be closer to .70 that should get us a good distance from where we are now...

[sahd3g]

HFGB back to .50!?!?!? Way undervalued or something sinister?? I think undervalued...

Hope I'm right!

[rstar]

.092 x .10 slowly moving back up on very low vol.
sellers are gone and buyers not able to get much cheap without pushing up sp dramatically...

[jmurfk]

I've noticed that several times, since the trading rules for showing lot size started. After that new rule, many MMs don't show accurate quotes until 30 seconds or so into the trading day.

I've seen it on a .0000 POS with 9 billion OS. One morning a .0004 was painted. The prior trading day ended with millions of .0002s on ask, and just after the .0004 was painted, the millions of .0002s loaded back on the ask. It gives the pumpers something to pump.

[downthehatch]

Odd trade this morning, eh?
....trade of 5,000 at .10, above the ask of .092?

How does a small trade go through ABOVE the ask price?

[downthehatch]

While its hard to do good technicals analysis with such light volume, the stockta site shows this one to be in bullish territory, in general.
http://www.stockta.com/cgi-bin/analysis.pl?symb=HFGB&cobrand=&mode=stock

Def not the time to sell!

[sahd3g]

Big bid, rising bid. Ask is .07. Might HFGB be ready for a big breakout???????

.30 would be fundamentally cheap if fundies are valid.

[bababooyah]

I noticed a 300K bid last week. Maybe sumbuddy know sumtin

[bababooyah]

Published: Wednesday, 11 Jan 2012 | 6:26 PM ET
Text Size
By: Reuters

The top U.S. audit watchdog said U.S. and Chinese regulators must come to an agreement by late 2012 on joint auditor inspections, as a delegation from China began talks with officials in Washington.

Sami Sarkis | Getty Images

James Doty, chairman of the Public Company Accounting Oversight Board, discussed the round of negotiations with reporters shortly after the U.S. Securities and Exchange Commission voted at a meeting on Wednesday to approve the PCAOB's 2012 budget.

The SEC and PCAOB have been working with the Chinese to try to hash out a deal in response recent accounting scandals at several Chinese companies listed on U.S. stock exchanges.

In a number of cases, auditors have resigned after discovering accounting irregularities at the companies, some of which became listed on U.S. exchanges through a back-door process known as a reverse merger.

During the question-and-answer portion of the SEC's open meeting, Doty told commissioners there are 36 China-based auditors which are issuing audit opinions and "have not performed the basic obligations."

The SEC and Justice Department are investigating the accounting problems, and the SEC has taken a number of enforcement actions in this area.

"I'm confident of only one thing... it is in their interest to get to joint inspections. We will not be in a position to go forward and do what we should without some agreement," Doty said. "If we are not inspecting in the fall in China, I am not optimistic about it."

Later, an SEC spokesman confirmed that Chinese officials had met with their SEC counterparts on Wednesday.

[bababooyah]

WASHINGTON | Mon Dec 5, 2011 2:46pm EST

(Reuters) - The chief U.S. audit industry watchdog, sounding cautiously upbeat on a simmering dispute, said on Monday that he hopes talks with Chinese authorities on joint audit inspections will resume early next year.

[downthehatch]

This company should look at the performance of CHRI, to see what can happen with regular, on-time financial reporting.... CHRI is in the same sector and has been reporting on-time for a while now. CHRI is looking like it is ready to breakout, after another great earnings report.

Better yet, maybe HFGB should look at a merger, w/ CHRI, and let CHRI's accountants and auditors take over the financial operations, and let management focus on growing sales and earnings. A win-win!

[arno hintjens]

analist

ze hebben een cos certificatie - dat kost volgens mij een pak geld

en als ze éénmaal terug geauditeerde cijfers publiceren gaat het goedkomen

ze stonden op de beurs in frankfurt dus ze bestaan

maar alles draait om publiceren van cijfers

w

[ariadne]

Welcome bababooyah,

worth a read:

http://uk.reuters.com/article/2011/12/05/us-usa-tax-doty-idUSTRE7B423520111205

U.S. audit watchdog chief hopeful on China dispute

By Nanette Byrnes

WASHINGTON | Mon Dec 5, 2011 7:46pm GMT

(Reuters) - The chief U.S. audit industry watchdog, sounding cautiously upbeat on a simmering dispute, said on Monday that he hopes talks with Chinese authorities on joint audit inspections will resume early next year.

Public Company Accounting Oversight Board (PCAOB) Chairman James Doty said some resolution to a troublesome standoff over Chinese corporate audits needs to come in 2012.

Speaking on the sidelines of an accounting conference, he highlighted recent Capitol Hill pressure for results, including a letter from Democratic Senator Charles Schumer to the PCAOB.

Doty told Reuters that he and his staff have been in touch with Guo Shuqing, the new head of the China Securities Regulatory Commission. Doty said he hopes by early 2012 a joint inspections protocol can be settled upon with the Chinese.

Financial and accounting issues at several Chinese companies listed on U.S. stock exchanges, some through reverse mergers, have led to investigations, and in some cases auditor resignations and stock de-listings, this year.

No date has been set for another round of meetings between the United States and China, nor a location determined. The last meeting took place in July in Beijing.

Asked whether Chinese concerns about sovereignty and state secrets might yet prevent an agreement, Doty cited other areas where the Chinese already permit foreign inspection, including on defense dealings, pharmaceuticals and steel.

A few audits cannot be that troubling, he said, adding that in exchange, China would get the opportunity to participate in the evolving global system of auditor oversight.

Still an open question is whether the PCAOB would continue to allow Chinese firms to remain registered and work on public company audits if the PCAOB could not inspect those audits.

Asked whether Chinese firms might be deregistered by the PCAOB, Doty said that while talks were ongoing and progress was being made, such ultimatums were not in the cards.

The PCAOB inspects in 37 jurisdictions and will soon begin in the Netherlands as well, an addition announced Monday.

Volatility in the financial markets and global economic troubles are pressuring auditors worldwide, Doty said.

In times like these, managements and companies typically and quite frequently start trying to dress up their financial performance, he told Reuters, leaving auditors to hunt down problems and force corrections.

(Reporting by Nanette Byrnes. Editing by Kevin Drawbaugh and Gerald E. McCormick)

best,
ariadne

[bababooyah]

The Public Company Accounting Oversight Board (PCAOB), responsible for authorizing firms to audit US-listed companies, has previously given clearance to 110 Chinese auditing houses, but is demanding the ability to inspect them. With the Chinese government still refusing to allow this, PCAOB is now vaguely threatening to revoke the licenses of all Chinese audit firms.

This is described as a “nuclear option” with two serious consequences: on the one hand, it would make Chinese companies give up on the US stock markets, on the other hand, it would make it impossible for American companies to have their Chinese operations audited. Such a development would have troublesome implications for Chinese investments as it would further restrict the already limited possibilities for foreigners to buy Chinese stocks. However, the final outcome not yet known as the governments are still in negotiations.

[The Analist]

Zit eraan te denken om 50.000 stuks bij te kopen,
heb er 25.000 reeds.

Alleen je hoort vaak dat zo'n bedrijf gewoon verdwijnt
dan is 2000 usd toch zonde.

Denk er nog ff over.

Grtz

[arno hintjens]

still waiting

[e-mail]

thanks in advance

[arno hintjens]

hi analist

ik heb nog niks gezien,

ik ben ook een HFGB aandeelhouder

gr

[The Analist]

Hi Arno,

Heb je de mail nog ontvangen ?
Ik ben ook aandeelhouder in Huifeng.

Mvg,

[arno hintjens]

Good day bababooyah

could you sent a copy of this mail to [e-mail]

thanks

w

[arno hintjens]

Good day bababooyah

could you sent a copy of this mail to [e-mail]

thanks

w

[BigOnChina]

Now if only we could get some type of press release from the company that says this...

[bababooyah]

For anybody that cares. I received a return email from the audit company. Nothing earth shattering. But they are in fact working hard on completing HFGB's audits. No timetable was given when it would be completed.

Pure gamble money goes toward this one. It all depends on the completion and filing of the restated numbers. If they are close to the old numbers then big money will be made. If they differ substantially then no big money will be made.

One thing that the return email helped with is clarifying that the company actually does exist as I read lots of chinese companies are ficticious.

I still think it's BS what has happened here. But I may buy some if I have spare change and doing well with other stocks.

[bababooyah]

Inching down lol

For these dispicable chinese scum not to issue a press release about what is going on tells me all I need to know.

S-C-A-M