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Re: StevenRisk post# 588

Sunday, 11/29/2009 8:56:25 AM

Sunday, November 29, 2009 8:56:25 AM

Post# of 3179
CDBT.PK was an OTC stock until very recently. And yes CKGT is getting a, possibly unfair, kicking as a result of CDBT's failings. This *may* affect the pps in the short term; I emphasise may since I have no clue but so far it's behaving normally.

The lesson of CDBT is that a fraud initially perpetuated on the Chinese can then be turned onto the US investors. The importance of this is that a) Chinese fraudsters will see this as an opportunity. b) People wanting to create panic on a stock will also emphasise this problem. Either way, investors need to get up to adapt to this.

If it gets through unscathed, which it has so far, then for me at least - it becomes a better investment.

For me, I am interested in new points and respond to them, I may summarise the situation but I certainly won't be on auto repeat.

Yes, the fact that it worked with an investment firm is an excellent point.

rich
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