BioPharm Asia, Inc (fka BFAR)

[RockBottom79]

There is a chance, though I always assume that any investment in a Chinese micro has a good chance of being worthless in a few months...depends on how much you are willing to throw away, but the upside in the event that the business is legit is VERY big.

BFAR has been fairly forthcoming as far as the auditor issue, much more so than JADA. I am still on the fence with BFAR as all of my JADA profits from free shares have vanished in the past 6 months. I'm a little gun-shy, but thinking about taking a gamble in this price range.

I might be prudent to wait until the end of March when they will likely have to issue an NT filing because their financials will most likely be delayed since they are going to have to have their past K's re-audited. It may bottom out at that point, but with this sector there is no telling.