China Trading Stocks

[worthylion]

CCCL--What I don't get is why they didn't file for extension to file financials with SEC. They've gone completely dark in terms of any SH communication or even SEC filings. Even when there's massive fraud the Board usually will issue some PR like "we're getting to the bottom of this". Nothing here at all since they announced their quarterly call then abruptly cancelled it with no explanation. If there is an ongoing SEC investigation, usually that is disclosed. It feels like they just went into hiding. Also, they had two longstanding independent directors resign a few months back which was a red flag--but then one of them subsequently agreed to stay on. Why would she stay on if the sh*t was about to hit the fan? Was she completely clueless? Weird.