IT Tech Packaging Inc (ITP)

[apries]

First of all, go to www.21cbh.com, (sina.com.cn's site is harder to navigate but I haven't found anything there either) click on English and search for Muddy Waters or ONP or Orient Paper, try any combination and take your pick. Then go back to the site in Chinese and try the same in that search bar (the names are in English in Muddy Waters alleged article). You will find nothing! Why don't you go look for these documents for yourself? Lest you be fooled by clowns.

Statements like "According to Muddy Waters' own translation of the 21st Century Business Herald article" are insidiously deceptive, you know Leafs? Who was the author? Who translated? Why isn't it on their site anymore? Who partook in the "survey"? what was it's composition? Because I'm sure it's not one billion Chinese people as Muddy Water's claims.

And what happened with NEP is a completely different situation. NEP is potentially being removed from the NYSE for not filing a required report on time due to previous errors in their financial statements whereas ONP is asking to be audited by a big four accounting firm. Why would ONP put up money to hire a firm of that caliber and formally file an 8-K informing investors that they are doing that if they were a fraud?

If you don't see the difference between these situations then by all means maybe you should stay away from Chinese stocks. Weigh the arguments before you accept them.