China Growth Stocks

[Drexion2004]

Friedman LLP: Agreed, and having that auditor does not indicate anything bad about a company (It also does not indicate anything good, IMO). As I said in the previous post, I have nothing specific against Friedman... Although I do view them as less harsh or critical in their audit than some others might be with regards to China companies.

I have multiple examples to show this but let me cite two:

CNYD fails to upgrade to BDO and settles for Friedman.

http://beforeitsnews.com/story/291/283/What_investors_should_know_about_Kingold_Jewelery_NASDAQ:KGJI_Pot_of_Gold.html

KGJI: "Right after their reverse merger in February, KGJI hired Baker Tilly Hong Kong, respected auditor that also audits Chinacast Education (NASDAQ:CAST). Then, only a month later, they switched to Friedman LLP."

I don't know about you, but when it comes to Chinese reverse merger companies (heck, with ALL companies)...I want a harsh auditor! I want someone like KMPG who will send people to basically LIVE in your factory for months as they audit you (They did it with YONG for example).

-Fernando