Hi Viking,
I've been so busy that I thought others would have heard something about this issue, but apparently not. I really appreciate the step you've taken--one I obviously could have done if I was more on the ball. Fortunately, the stock now seems to be holding up okay, so waiting for the February date to come and go won't be long nor, hopefully, hazardous. That is, we should know quite soon whether or not the new auditor comment is true or not.
This is really getting old, these hit pieces take away any meaningful gains and bring you right back to where you started. And now CCME. Apparently this is the new reality of this space as the shorts have found a way to make a ton of money by coming up with their own news. Of course, there are a bunch of fraudulent Chinese companies out there. But given the hit pieces absolutely guarantee profits for whomever writes them with a short position on, the line between exposing the truth pure and simple versus making a lot of money is completely blurred. Indeed, I've about had it with CHBT. If the "news" about CHBT hiring new auditors doesn't pan out, I think I'll be moving on. Seeing this stock run up nicely twice and then get shot down twice is starting to look like a pattern. If the company doesn't take meaningful steps to put the issue conclusively behind them, I don't see why the lucrative hit pieces won't keep showing up every time there's a significant rise in share price. It makes me start to wonder why I'm so dump not to figure out the game that's being played and move on accordingly rather than watching the phenomenon repeat itself again in 3-6 months.
Are you still as strong as ever on the stock? Or are you frustrated that the company hasn't taken meaningful steps to prove the falsity of the allegations leveled against it?
Again, thanks for your help,
Steve
