China Kangtai Cactus Bio-Tech Inc (fka CKGT)

[StevenRisk]

What is real sad is even though China is curently enjoying a 4 day weekend management has not responded. Although they have acknowledged the Geoinvesting allegation of the revenue inconsistencies in the SAIC filings verses the SEC.

If I had been the CEO I would have immediately called for an emergency meeting with a public statement forthcoming. Their reputation is at stake and God forbid possibly their lives. With people losing entire fortunes, possibly many with CCME, NIV, CIL etc this possibility is becoming more ralistic as more fraud becomes evident. While these people may not be prosecuted this would surely become a concern with me had I known I stole lots of peoples money. Different culture or not nobody even in China would tolerate people stealing their money so this theory holds NO water with me.

Certainly would be nice for management to not only counterdict this claim but come out with a logical and reasonable explanation.

The sad part is even if they have over-stated their revenues which I don't believe to be the case they have an opportunity of a lifetime. Cigarettes business is real and should continue to go gangbusters. While many have moved on which is understandable I believe once this area gets cleaned uo CKGT will trully be one of those "once in a lifetine" opportunities.

Now I degress to reality...