It does seem a bit overdone. We've seen a stock lie about their technology, RINO, and another look suspicious, BORN. Then there's this other technology firm that claims it's got a best of breed technology TSTC.
The trouble with these technology firms is that most investors, which I include myself, don't know enough about the technology of that sector. I don't know what other telco-engineering companies solutions to this problem are - I appreciate TSTC says no-one has another technology that is equivalent but I don't what the other Chinese companies are doing in that sector - I only have their word.
The point is not academic - If we knew more about sulphate extraction or alcohol production techniques no-one would have invested in RINO or BORN in the first place.
However, I agree with your point that because these frauds are occurring that people are, probably, oversensitive to the situation. TSTC is no more likely a fraud than it was last week but you wouldn't think that from the board.
That said I welcome any discussions and questions - any stockholder should - if it comes out of it unscathed then so much the better.
rich
