Alibaba Group Holding Ltd (BABA): Reality. It's a very troublesom...

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Friday, 10/25/2019 1:38:35 PM

Friday, October 25, 2019 1:38:35 PM

Reality.

It's a very troublesome fact that owning BABA is not owning Alibaba. Instead, investors own a Cayman Islands-based holding company which receives a share of Alibaba’s profits. Also, accounting practices also call the true financial condition of Alibaba stock into question.

Communist China has laws against outdside ownership in their companies. So they set up these types of very misleading cayman island companies.

It makes it very easy to slaughter U.S. inverstors without any trouble. Communist china does what it wants, when it wants regardless of what is "fair" to investors.They are free to lie, cheat, and slaughter.

Welcome to investing in communist China.

Dump china, buy American.

DISCLAIMER: ALL MY POSTS ARE MY OWN PERSONAL OPINIONS AND NOT RECOMMENDATIONS TO BUY, SELL OR HOLD SECURITIES. DO YOUR OWN RESEARCH/DD AND MAKE YOUR OWN TRADING DECISIONS.

People kill for money. What makes you think they will not lie to you for yours?