China-Biotics, Inc. (CHBT)

[viking86]

SAIC vs. SEC disparity: the shorts have been exploiting a SA article published by Waldo Mushman bashing TXIC, CHBT... b/c of disparities in the revenue and net inc figures reported by SAIC vs. SEC. In the case of CHBT the 2007 and 2008 figures show indeed a very strong disparity:

http://seekingalpha.com/article/213213-orient-paper-not-all-bdos-are-the-same?source=yahoo

There have been several posts over the past 2 days on the CGS mainboard refuting that argument b/c of the big differences in the function and nature of SAIC and SEC, making the issue raised a non-issue IMO. Here are a few of these for those who dont follow the CGS board:

http://china.fixyou.co.uk/2010/07/on-saic-and-sec-filings.html

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52633570

(hope this makes Longs feel more confident about CHBT !!)