Wednesday, April 23, 2014 9:40:50 PM
Many investors lost money in those less forthcoming Chinese companies listed on NASDAQ and NYSE. However, fair to say, the regulators and the public have let the real culprits off the hook. Most principals at those charged Chinese companies are peasants, not long ago still working in rice paddies. I bet most of them are not able to communicate with a decent Chinese, let alone mastering in some sophisticated frauds in the U.S. market. Unlike listing something for sale on Ebay or Craigslist, listing securities on NYSE and NASDAQ requires thousands of pages of documents in legalese filed with SEC and others, a daunting task even for a team of well trained professionals with many years of experience. Those Chinese peasants? Who are we kidding. They were coached to lie by some people on Wall Street who know the game pretty well.
WMHI management would be damn dumb not considering of investment community's sentiment towards China-based companies. However,
we all know being dumb is not a part of criteria for being a mentor at JPL of CalTech, unless we are smoking something!
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