The 8-k confirms, and more importantly,,,,,it confirms that the AUDITORs found nothing and admit to nothing wrong with the FINANCIALs...and that is the main reason to have bought the stock today. By the auditors acknowledging this:
"September 20, 2007
Securities and Exchange Commission
100F Street N.E.
Washington DC 20549
USA
Dear Sir/Madam,
We have been furnished with a copy of the response to Item 4.01 of Form 8-K for the event that occurred on August 17, 2007, to be filed by our former client, China Expert Technology Inc. We agree with the statements made in response to that Item insofar as they relate to our Firm.
Yours faithfully,
BDO McCABE LO LIMITED"
So, the AUDITORs acknowledging that the audited statements are cool,,,,,means that there is no problem with the $$$ reported, and that's why the stock is flying. Well, that, and a good ole' fashioned SHORT SQUEEZE.
Maybe with some of my profits,,,,,I will buy another gamble stock.
Maybe.
Later.