Yeah I hear you. Look I wouldn't be surprised if one of your China RM stocks shoots up one day. All I'm saying is to make sure you take profits immediately, because from my experience, the PPS will plunge right back down.I've made some good money (and lost some- more often than not) in the past doing that with "undervalued" China stocks but it was really just glorified gambling, they all gave up their gains and then some after they popped. Now I just prefer to stick with real companies.
It is very easy to fake 10Q's and the whole nine. Look at what happened with BJGL and CXTI. Those are a couple good case studies of when China RM's go wrong. There was another recent one who decided to stop reporting and walk away, but the ticker slips my mind.
Even a lot of China ADR's, like NPD, have a terrible ownership structure not much different than RM's. But at least with them, the shares are sponsored by big banks and contracts are enforced by the Chinese govmt. And they frequently pay a dividend. I have never seen a China RM ever pay a dividend on its common shares, even when it is a slow growth, utility type company.
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