Bar
First 0f all your link is dated Jan 2013.
I find this to be a positive for this stock because it has not been stopped from trading by the SEC and the fact no financials have not been produced since November 2012 has not prompted the SEC to either stop this stock from trading or place the big E at the end of the stock symbol
That shows me this company is in communication with the SEC and the misfortune of the previous auditor debacle is being corrected by this management.
Also since FCPG did the reverse merger this stock has plummeted and the one who lost the most is Mr. Wang and company.
I believe Mr. Wang has been caught up in the battle between the PRC and the SEC.
That is why Marcum has been brought aboard and since December 9, 2013 after doing their due diligence are still audit of record.
See the SEC FORM 8-K/A
SECTION 4 - MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS
Item 4.01. Changes in Registrant’s Certifying Accountant.
(b) New independent registered public accounting firm
On December 9, 2013, the Audit Committee of the Board of Directors of First China Pharmaceutical Group, Inc. (the “Company”) engaged Marcum Bernstein & Pinchuk LLP (the “New Accountant”) as its independent registered public accounting firm to audit the Company’s financial statements for the Company’s current fiscal year ending December 31, 2012 and the fiscal year ended December 31, 2013. The engagement was approved by the Board of Directors of the Company on December 13, 2013. The due diligence required by Marcum has successfully been completed and the New Accountant has formally accepted the engagement with the Company.
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I am for one have expressed my displeasure with this managements communication style or should I say lack of communication, but please Bar try and post more relevant information and keep current with what is going on here.
Posting old news does not do any one on this board any good. Now if you have any current news be it adverse or positive please post it.
We all know the chart info on this stock and if you don’t please look it up.
The fact of the matter is we have not seen any financials since November 2012 and Rotenberg (EFP) did not complete the work or did not turn over the work it was paid for and no longer does business in China was a very big negative for this stock.
Now if Marcum can pull off the reporting of the audited financials for 2012 and 2013 this will be a big win but if it cannot well this stock will just go by the waist heap with the other RTO Chinese stocks.
My money is with the reported audits being filed. I will not give any dates but we should see something soon, because this cannot go on indefinitely.
Again this is my own opinion. Good investing to all
