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Re: A deleted message

Friday, 04/06/2018 11:19:23 PM

Friday, April 06, 2018 11:19:23 PM

Post# of 207122
As far as the auditor goes, yes I'm sceptical of the whole situation. They hired someone who has NO experience in auditing BIG FIRMS. It doesn't make sense. Alibaba group, for instance, gets PwC to do their audits. And Wang Dequn allegedly is supposed to have said that he intends to go "beyond MA!". You don't go beyond MA by hiring De Leno, a penny stock auditor, who is going to verify and prepare the very documents that will have one of the biggest first impression on the investor community!

And by the way, Alibaba group is also legitimized by the PRC, as is clearly apparent from their annual reports. So just because the Chinese govt legitimizes some company doesn't mean they can hire a penny stock auditor. On the contrary, imo.

I think it's a fairly big deal. And raises questions about the legitimacy of this company's true size, scope and motives...

Whatever I say here is my own opinion. Invest at your own risk.