I pretty confident the company will resolve this issue. Alot of investors panic when the market turns south. Coupled that with the fact that it's a pink sheet chinese stock. Sent an email to Chad regarding this and here is his response:
Byron,
The attorney’s are involved at this point and working on it. The issue as I understand it is due to miscommunication. The Company has been referring to the Hong Kong affiliate for Madsen and Associates as Madsen itself and that would be incorrect.
In regards to SIAF audits, Madsen works with a Hong Kong affiliate. In Company PR’s it has been this affiliate the Company has been referring too. So, it is true that Madsen has not been engaged, but that is only because the Hong Kong affiliate for Madsen has not finished their work, which was the reason of the delays in the first place.
As soon as I have clarification and statements, we will clear up the issue.
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Take it for what its worth. Obviously Joe's pretty upset and I'm sure whatever I post won't change that. I'm holding onto my shares even though in terms of percentage I'm probably further down then most in this room. Also, keep in mind if you want to buy right now the stock is trading less than EPS guidance for 2012 of $0.80 and near 2011 guidance of $0.50.