Lihua International Inc fka LIWA

[michaeldesanta]

LIWA is DEAD. See why...

Per my comment on UNEMON1's Seeking Alpha article that brought this company down:

Okay, so I did some more DD and see PRC based Chinese have been talking about Lihua's debt and unpaid employee wages for awhile now. I've outlined it on my http://liwasucks.wordpress.com blog. I'm fairly convinced now that the article is legitimate and that LIWA is a fraud. My opinions, of course.

Basically, it's unfortunate long investors (myself included) had to take a hit on this one, but I read/write Chinese. I should have known about this. I should have looked into this deeper with a fine tooth comb. I got suckered by the assurance of auditors and stellar sheets. There's no such thing as a perfect company.

On the bright side... I now have a promis[ing] career as a Chinese fraud stock shorting expert. Will have to build some capital first, but I will start looking for candidates shortly. It seems to be more lucrative than investing in real stocks, apparently.