Tuesday, September 02, 2014 12:07:08 PM
All the mentioned points mean nothing unfortunately. That's why SIAF is still trading at 40 cents. I hope people realize this. BECAUSE all of these points mean nothing. CCM* had a veteran asian investment expert on the BOD who put in 20 million or so of his own money (his investment company) after checking the books internally for many months. They not only traded on the AMEX but also changed to the Nasdaq AND they rang the opening bell once. Of course people argued back then that this is a clear sign that they have nothing to hide because why would they otherwise put themselves into the spot light right? 
The audit means absolutely nothing per se in this space. People should have learned that as well in the last 5 years. We have heard dozens of examples where at the end it came out that auditors (yes also the top guys) haven't done all the things they were supposed to do to detect fraud. Not even close.
Now listen, I'm NOT arguing with you that the numbers are false here, I'm arguing that your arguments are worthless. Not a single argument you gave means anything in the real world in this sector. I don't mean that offensive, I'm just saying how it is.
The audit means absolutely nothing per se in this space. People should have learned that as well in the last 5 years. We have heard dozens of examples where at the end it came out that auditors (yes also the top guys) haven't done all the things they were supposed to do to detect fraud. Not even close.
Now listen, I'm NOT arguing with you that the numbers are false here, I'm arguing that your arguments are worthless. Not a single argument you gave means anything in the real world in this sector. I don't mean that offensive, I'm just saying how it is.
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